APIPA2025 - Instructor David

David Bean

David R. Bean, CPA, is the chief executive officer of Governmental Accounting Research, LLC, a consulting and training firm dedicated to public sector accounting and financial reporting activities. Prior to his retirement from the Governmental Accounting Standards Board (GASB) in 2021, David served as the GASB director of research and technical activities over 30 years.

Prior to joining the GASB in 1990, David worked in public accounting and government. He also has served as Deputy Chairman of the International Public Sector Accounting Standards Board (IPSASB). He was the lead author on the 1988 Governmental Accounting, Auditing and Financial Reporting (Blue Book) and was the founder of the GAAFR Review newsletter. He was the last director of the National Council on Governmental Accounting before the formation of the GASB in 1984.

David is a licensed CPA in Illinois and member of the Government Finance Officers Association, the Connecticut and Illinois Government Finance Officers Associations, the American Institute of Certified Public Accountants, the Illinois CPA Society, the Association of Government Accountants, the National Federation of Municipal Analysts, and the Municipal Analysts Group of New York.

Course Listing

TRACK B

The Intermediate Accounting session will provide participants with an in-depth view into the world of governmental accounting. Topics to be addressed include deep dives into the financial reporting entity; accounting and financial reporting for cash and investments, including more complicated financial instruments; accounting and financial reporting for capital assets, including how to determine what to capitalize and how to determine useful lives, and the ins and outs of lease accounting; accounting and financial reporting for pensions and retiree healthcare benefits, and social security; accounting and financial reporting for debt, including amortization of premiums and discounts and refundings and extinguishments; accounting and financial reporting for other long-term liabilities; and fund balance and net position classification issues.

VIEW COURSE DETAILS

TRACK C

The GASB Standards Update will provide participants with a working knowledge of recently release standards of the Governmental Accounting Standards Board (GASB). Standards that will be addressed are compensated absences, including an in-depth look at how the liability is determined; certain risk disclosures, including what events could trigger the disclosure requirements; the recently introduced financial reporting model improvements, including a detailed look at what makes a great management’s discussion and analysis (MD&A) letter; and new capital asset disclosure requirements.

In addition, this session will bring participants up-to-speed on projects that currently are being deliberated by the Board or are being researched by the GASB staff. Those projects include subsequent events, going concern uncertainties and severe financial stress, infrastructure assets, revenue and expense recognition, and voluntary digital financial reporting.

VIEW COURSE DETAILS