Course Description: 
Financial statements and note disclosures are designed to provide information to stakeholders.  Learn about financial statement disclosure, what they are, why they are prepared and what level of detail should be included in your note disclosures.

Also covered: financial statement best practices, financial disclosure requirements, annual vs. interim disclosures, how full disclosure affects financial reporting, and understanding how auditors approach their work.

Learning Outcomes:

• Learn how to leverage disclosures to streamline financial statement preparation.
• In depth review of all financial statement disclosures required for municipalities under Public Sector Accounting Standards and the Municipal Government Act.
• Supplementary checklist of disclosures required by Public Sector Accounting Standards and the Municipal Government Act.
• An overview of the disclosures in a condensed form of interim financial statements that are provided to Council and the public.
• Learn how to ensure you are providing the right information to support decision making.
• Learn how to utilize your financial statement disclosures to streamline the audit process.
• Understand the importance of robust financial statement disclosures on the reporting and accountability cycle.
• Disclosure example – sample note disclosures from other municipalities will be provided.

Who Should Attend?

A unique professional development experience that has benefit for all municipal staff, including small, medium and large municipalities!

Elected officials, municipal executives, and financial officers should have a strong understanding of disclosures and their purpose.

Currently available ON DEMAND

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