Courses
FASAB staff frequently engage with FASAB’s constituents to increase the knowledge and interest in FASAB’s projects throughout the federal financial management community. This includes general FASAB updates and topic-specific trainings. FASAB staff is currently offering the following trainings:
- Accounting Concepts and Standards
- Understanding Government Debt Reporting
- Accounting for Internal Use Software
- Understanding the Statement of Budgetary Resources
- Public-Private Partnerships: Disclosure Requirements
- Accounting for Leases
- The FY 2024 Leases Implementation Experience: Looking Forward to FY 2025
FY 25 Training Calendar
| Course Title | Government CPE | Instructors | Q1 Date Oct – Dec 2024 | Q2 Date Jan – Mar 2025 | Q3 Date Apr – June 2025 | Q4 Date July – Sept 2025 |
|
|---|---|---|---|---|---|---|---|
| 1 | Accounting Concepts and Standards | 8 hours | D. Savini / J. Williams / B. Robinson | N/A | 10 March 2025 | N/A | TBD |
| 2 | Understanding Government Debt Reporting | 3 hours | D. Savini | N/A | N/A | N/A | TBD |
| 3 | Accounting for Internal Use Software | 1.5 hours | J. Williams / D. Savini | 17 December 2024 | 5 March 2025 | 11 June 2025 | 27 August 2025 |
| 4 | Understanding the Statement of Budgetary Resources | 8 hours | D. Savini / K. Salazaar / D. Thomas | N/A | N/A | 16 May 2025 | N/A |
| 5 | Public-Private Partnerships: Disclosure Requirements | 3 hours | D. Savini | N/A | N/A | 9 July 2025 | N/A |
| 6 | Accounting for Leases | 1.5 hours | Alan Perry / D. Savini | N/A | 30 January 2025 | TBD | N/A |
| 7 | The FY 2024 Leases Implementation Experience: Looking Forward to FY 2025 | 1.5 hours | Alan Perry / Lanie Carlson | N/A | N/A | N/A 9 May 2025 | N/A |
For more information on course instructors, please see the FASAB staff’s biographies.
Register for a class via the training registration page.
Requirements for Participating in FASAB’s Trainings
Federal Employees Only: Given that FASAB’s training courses are provided gratis to federal agencies, including federal employees working at non-federal or quasi-federal entities, FASAB is prohibited from providing training to non-federal entities or individuals and ask that you help ensure that attendance is restricted to federal employees only.
Government CPE: Participants who satisfactorily complete course requirements and submit a course evaluation form will be awarded government CPE for their time in the course. Please note this is not NASBA CPE.
Virtual Classroom: All trainings are virtual. To avoid technological glitches, the instructor will use the virtual platform of the agency taking the training. Therefore, please be prepared to host the training before signing up for any classes and assign one point of contact to assist with coordination.
Accounting Concepts and Standards
Overview: This course provides an introduction to federal generally accepted accounting principles (GAAP) promulgated by the Federal Accounting Standard Advisory Board (FASAB). Led by assistant directors and senior FASAB staff, this dynamic and interactive training session provides an overview of the mission and practices of FASAB and breaks down FASAB standards into clear and understandable components to support student learning. Attendees will be able to freely ask questions, learn together in small groups analyzing and critiquing portions of real federal financial reports, and be able to apply knowledge learned using a case-study approach. Prior experience with FASAB standards is not necessary and even those that have worked with FASAB standards in the past will benefit from this new training approach that organizes the materials by topic rather than by individual FASAB standards.
Upon completion of the course, attendees will walk away with additional skill sets, insights, and increased confidence, enabling them to efficiently and effectively navigate and apply federal GAAP and help improve federal financial management practices.
Who should attend: Anyone interested in federal financial management and desiring a primer or refresher on federal GAAP and FASAB guidance, including accountants, auditors, budget analysts, financial managers, program officials and chief financial officers or other executives would benefit from this course. Personnel at all grade levels are encouraged to attend.
Duration: 8 CPE hours
Understanding Government Debt Reporting
Overview: This free course provides an introduction into the essential basics of how to understand government debt reporting. In addition to exploring SFFAS 36, Comprehensive Long-Term Projections for the U.S. Government, attendees will learn how state/local as well as some foreign governments report debt in accordance with the Government Accounting Standards Board’s (GASB) and the International Public Sector Accounting Standards Board’s (IPSASB) promulgations.
Federal generally accepted accounting principles (GAAP) are based on federal accounting standards promulgated by the Federal Accounting Standard Advisory Board (FASAB). Led by assistant directors and senior FASAB staff, this dynamic and interactive training session provides the essential basics of how to understand FASAB’s accounting guidance relative to debt reporting and reviews how the Government Accountability Office (GAO), Department of the Treasury, and the Congressional Budget Office (CBO) classify debt.
Prior experience with FASAB standards is not necessary and even those that have worked with FASAB standards in the past will benefit from this new training approach that organizes the materials by topic rather than by individual FASAB standards. Attendees will be able to freely ask questions, learn together in small groups analyzing and critiquing debt reporting display and disclosure formats, and be able to immediately apply what they have learned. Personnel at all grade levels are encouraged to attend. Upon completion of the course, attendees will walk away with additional skill sets, insights, and increased confidence enabling them to better understand how government debt affects not on organizations, but individuals and nations at-large.
Who should attend: Anyone interested in federal financial management and desiring a primer or refresher on accounting for government debt, including accountants, auditors, budget analysts, financial managers, program officials and chief financial officers or other executives would benefit from this course. Personnel at all grade levels are encouraged to attend.
Duration: 3 CPE hours
Accounting for Internal Use Software
Overview: This free course provides the basics of how to apply SFFAS 10, Accounting for Internal Use Software, and Technical Release 16, Implementation Guidance for Internal Use Software. Federal generally accepted accounting principles (GAAP) are based on federal accounting standards promulgated by the Federal Accounting Standard Advisory Board (FASAB). Led by assistant directors and senior FASAB staff, this dynamic and interactive training session provides the essential basics of how to apply FASAB’s accounting guidance relative to internally developed software and includes specific coverage of current cloud computing issues and an overview of the Board’s current software technology project.
Prior experience with FASAB standards is not necessary and even those that have worked with FASAB standards in the past will benefit from this new training approach that organizes the materials by topic rather than by individual FASAB standards. Attendees will be able to freely ask questions, learn together in small groups analyzing and critiquing portions of the standards, and be able to immediately apply what they have learned. Personnel at all grade levels are encouraged to attend. Upon completion of the course, attendees will walk away with additional skill sets, insights, and increased confidence enabling them to efficiently and effectively navigate and apply federal GAAP and help improve federal financial management practices.
Who should attend: Anyone interested in federal financial management and desiring a primer or refresher on accounting for government debt, including accountants, auditors, budget analysts, financial managers, program officials and chief financial officers or other executives would benefit from this course. Personnel at all grade levels are encouraged to attend.
Duration: 1.5 CPE hours
Understanding the Statement of Budgetary Resources
Overview: This free course provides an introduction to federal generally accepted accounting principles (GAAP) based the Federal Accounting Standard Advisory Board (FASAB). Led by assistant directors, senior FASAB staff and subject matter experts, this dynamic and interactive training session provides an overview of the budget execution life cycle and importance of the statement of budgetary resources (SBR) to federal financial management. Using an actual agency example, the training defines and explains key Office of Management and Budget Circular A-11 budgetary terms and interconnections related to the SBR and Fund Balance with Treasury (FBWT), the relationship between budgetary and proprietary accounting, and a sample case study where attendees will construct a simple agency SBR.
Prior experience with FASAB standards is not necessary and even those that have worked with FASAB standards in the past will benefit from this new training approach that organizes the materials by topic rather than by individual FASAB standards. Attendees will be able to freely ask questions, learn together in small groups where they can apply knowledge learned using the SBR case-study approach. Personnel at all grade levels are encouraged to attend. Upon completion of the course, attendees will walk away with additional skill sets, insights, and increased confidence enabling them to efficiently and effectively navigate and apply federal GAAP and help improve federal financial management practices.
Who should attend: Anyone interested in federal financial management and desiring a primer or refresher on the statement of budgetary resources, including accountants, auditors, budget analysts, financial managers, program officials and chief financial officers or other executives would benefit from this course. Personnel at all grade levels are encouraged to attend.
Duration: 8 CPE hours
Public-Private Partnerships: Disclosure Requirements
Overview: This free course provides a detailed review of how to apply FASAB’s accounting and reporting guidance in SFFAS 49, Public-Private Partnerships: Disclosure Requirements. Like private-sector organizations, government-run services are increasingly technology-based, complex, and driven by innovation. However, private-sector organizations often have the advantage of being more nimble and better able to respond to market demand. Meanwhile, government agencies are often tasked with building systems and launching programs at the behest of legislators, sometimes with little warning, tight timelines, and limited resources.
Still, while people like to joke about government bureaucracy—recall the slow-paced Department of Mammal Vehicles in the Disney animated film Zootopia—few citizens would trust private industry to carry out government-run services like monitoring the food supply, setting safety standards, regulating pharmaceuticals, or handling national defense. Enter in SFFAS 49.
Federal generally accepted accounting principles (GAAP) are based on federal accounting standards promulgated by FASAB. By walking through the actual Statement, analyzing two real-life agency case studies, and directly engaging with the FASAB assistant director responsible for this project as well as P3 task force members, attendees will learn how to apply federal GAAP to public-private partnerships.
Who should attend: Anyone interested in federal financial management and desiring a primer or refresher on public-private partnerships, including accountants, auditors, budget analysts, financial managers, program officials and chief financial officers or other executives would benefit from this course. Personnel at all grade levels are encouraged to attend.
Duration: 3 CPE hours
Transitioning MD&A Reporting from SFFAS 15 to SFFAS 64
For help with transitioning to SFFAS 64, Management’s Discussion and Analysis, Rescinding and Replacing SFFAS 15, please complete the following questions.
Accounting for Leases
Overview: This course will provide an overview of FASAB accounting standards under SFFAS 54, Leases, and related guidance under Technical Release 20, Implementation Guidance for Leases. FASAB staff will provide tips for navigating and researching the standard and guidance.
Who should attend: Anyone interested in federal financial management and desiring to obtain a basic understanding of federal leases accounting standards and how to research and navigate those such standards in practice. This course offering is designed to provide a basic level of understanding, and it will provide a helpful refreshers and tips to practitioners at all levels. Personnel at all grade levels are encouraged to attend.
Duration: 1.5 CPE hours
The FY 2024 Leases Implementation Experience: Looking Forward to FY 2025
Overview: Reporting entities implemented SFFAS 54, Leases, in FY 2024. This course will provide an overview of the implementation experience, including the reporting results. Staff will share an analysis of the technical inquiry data as well, including common inquiry topics submitted and an analysis of the standards on those topics. Staff will also discuss suggested potential areas of focus going into FY 2025 reporting and beyond.
Who should attend: Anyone interested in federal financial management and desiring to obtain an understanding of the FY 2024 leases implementation experience, along with lessons learned and areas of focus going forward. Personnel at all grade levels are encouraged to attend.
Duration: 1.5 CPE hours