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Date / Time / Location

Friday, November 3, 2017
8:30 AM - 4:30 PM
Registration: 8:00 AM

The Mansion on Main Street3000 Main Street
Voorhees, NJ 08043

CPE Credits

  • 8.00 CPE Credits in AA


  • $299.00 - Member
  • $399.00 - Non Member

AICPA members receive a discount of $30 for this event.

Course Developer

Responding to the need for greater clarity from stakeholders, GASB issued GASB Statement No. 72, Fair Value Measurement and Application. This standard, effective for reporting periods beginning after June 15, 2015, changed the way state and local governments report the value of investments and other financial instruments. This course explores case studies, real-world examples, and hands-on practice scenarios. Learn to apply the principles of this GASB standard to your governmental financial statements.

Designed For

Auditors and financial managers responsible for the accounting and reporting of state and local governments, agencies, divisions and teams.


  • Apply the definition of fair value and an investment
  • Identify investments not measured at fair value
  • Identify the valuation techniques acceptable for state and local governments
  • Analyze the note disclosures required by GASB Statement No. 72


  • Accounting and reporting of investments at fair value
  • Valuation techniques
  • Required note disclosures associated with fair value measurement


Knowledge of governmental accounting and reporting.

Advance Preparation


Additional Notes

  • *AICPA members deduct an additional $30 from applicable price.
  • Qualifies for Yellow Book.
    Pre-Registration Closed

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    William Wagner

    William C. Wagner, CPA
    AICPA/Professional Development Institute

    William C. Wagner is a sole practitioner in Delmont, Pennsylvania, whose practice includes small business, governments, and nonprofit clients with services ranging from tax and write-up to consulting. He serves as a consultant to other CPA firms with government and nonprofit clients that have accounting and auditing problems. He teaches extensively in the areas of accounting and auditing for small businesses, nonprofit organizations, and governmental units. He is an active member of the Pennsylvania Institute of Certified Public Accountants (PICPA) and has served on numerous PICPA committees. He has taught courses for various vendors and state societies since 1980 and has received numerous awards for his speaking engagements. Wagner served several years at Main Lafrentz & Co. (pre-merger with Main Hurdman and then with KPMG Peat Marwick) as a manager and has also served as treasurer of Seton Hill College in Greensburg, Pennsylvania, and as vice president of fiscal affairs at Salem College in Salem, West Virginia. He has also provided litigation support for various law firms over topics ranging from accounting, auditing, and tax issues. Wagner graduated from Grove City College in Grove City, Pennsylvania, in 1968 where he received a Bachelor of Arts degree with concentrations in accounting and mathematics.

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    Pre-Registration Closed

    Online pre-registration for this event is now closed.