IGAS (Intermediate Governmental Accounting Seminar) - November 2025 Sessions
Admission
- $200.00 - Members - Government-Employed
- $400.00 - Members - Associate & Partners
- $240.00 - Nonmembers - Government-Employed
- $500.00 - Nonmember - Associate
Location
Summary
Description
Intermediate Governmental Accounting Seminar (IGAS)

This seminar series will provide the participant with a working knowledge of the special financial reporting model used by the state and local governments under Governmental Accounting Standards Board (GASB)'s Statement No. 34, "Basic Financial Statements—and Management's Discussion and Analysis—for State and Local Governments". The IGAS is created for mid-level finance officers, accountants, independent auditors, and other persons with basic knowledge of accounting. MDGFOA members receive discounted registration for being an active member!
The next IGAS will be conducted virtually over three separate days in November 2025:
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Monday, November 3rd - 9:00 a.m. - 5:00 p.m. (Full-Day Session)
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Monday, November 10th - 9:00 a.m. - 5:00 p.m. (Full-Day Session)
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Monday, November 17th - 9:00 a.m. - 12:30 p.m. (Half-Day Session)
CPE Eligibility Rules
Participants who complete the IGAS course are eligible to receive up to 20 (CPE) credits. These credits are awarded based on active engagement throughout the seminar and are designed to reflect meaningful participation in the learning experience.
To ensure that participants are fully present and engaged, the course will include interactive survey pop-ups and attendance verification checkpoints at various intervals. These tools help us confirm your active involvement and ensure the integrity of the credit-awarding process.
Please note the following important details:
- 🧠CPE credits are earned proportionally to your participation during the scheduled seminar days.
- ✅ To receive the full 20 credits, you must be actively engaged in all required sessions.
- 📋 Participation is monitored through real-time prompts and attendance checks, so it's essential to remain present and responsive throughout the course.
We encourage all attendees to take full advantage of this opportunity—not only to earn valuable credits, but to immerse themselves in a rich educational experience that supports professional growth and excellence in surgical administration.
Zoom login information and additional class details will be sent to participants the week of October 27, 2025.
Registration Fees:
$200 - MDGFOA Government Employed Members
$400 - MDGFOA Associate Members
$240 - Government Employed Non-Members
$500 - Associate Non-Members
NOTE: GAAFR Blue Book: MDGFOA does not provide Blue Books to participants and Blue Books are not required for this course. Participants may click here to purchase personal copies of the Blue Book online from GFOA.
IGAS Refund Policy:
IGAS Registration Fees are not refundable after 7 days prior to the first seminar date. Paid seminar registration can be transferred to an alternate from the same organization. Seminar fees can not be carried over to any other Seminars or Conferences. All outstanding balances are to be paid regardless of attendance if you did not cancel via email or phone 7 days prior to the Seminar start date. No attendee shall be permitted to register for a seminar or conference with an outstanding balance due from prior seminars or conference attendance.
Syllabus
Day One
- Basic background
- Accounting, financial reporting & financial statement audit overview
- Government Environment & impact on accounting & financial reporting
- Sources of Governmental GAAP
- Governmental financial reporting model
- Funds, fund types & interfund activity
- Government-wide financial reporting
- Primary Government and its component units
- Basic recognition principles
- Measurement focus & basis of accounting
- Categories of transactions & events & their recognition
- Fund Accounting & the basic financial statements
- Governmental funds
- Revenue Recognition in Governmental funds
- Expenditure Recognition in Governmental funds
- Other financing sources & uses
- Asset & liability recognition in Governmental funds
- Governmental fund financial statements
- Proprietary Funds
Day Two
- Proprietary Funds
- Proprietary fund financial statements
- Fiduciary Fund Accounting
- Fiduciary funds
- Fiduciary Fund Financial Statements
- Government-wide financial statements
- Converting and consolidating fund data
- Government-wide financial statements
- Specialized Accounting applications
- Detailed note disclosures & standards
- Pension benefits, other post-employment benefits (OPED) & termination benefits
- Budgetary integration
- Fair value investments
- Capital assets
- Debt
- Derivative instruments
- Environmental obligations
- Risk financing & insurance
- Other specialized applications
Day Three
- Other disclosures
- Summary of significant accounting policies
- Detailed note disclosures
- Reporting Beyond the Basic financial statement
- Required Supplementary Information (RSI)
- MD&A
- Other RSI
- ACFR
- Structure, contents of the ACFR
- Supplementary budgetary reporting within the ACFR
- Statistical section
- Other Topics/Government Types
- Pension & OPEB plan reporting
- Public entity risk pools
- School districts
- States, investment pools, special purpose governments
- Popular financial reporting
- Additional Discussion Topics
- Internal control, auditing & analysis
- Internal control
- The comprehensive framework of internal control
- Monitoring and the periodic evaluation of internal control
- Auditing and analysis
- The financial statement
- The single audit
- Internal auditing & performance auditing
- Financial statement analysis
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