President’s Message

March was a great month, with two events, one on March 7th on Infrastructure Financing, and one on March 28th on Cyber Security. We recognized our CGFMs at the March 7th event, as part of March as CGFM month. Great job CGFMs, and thank you to those who attended these meetings.

As we transition into April, we again have an opportunity for two CPE events; one is our annual Professional Development Training, which provides 8 CPEs on varied topics. This event will be held on April 27, 2018 at the Rio Salado College Conference Center. The conference is a great way to keep on top of the latest GASB activity, IT security concerns, and other important topics in Government Finance. The other event for April will be held earlier in the month on April 11, 2018 at SkySong. Lisa Grace, CPA, CIA, CISA, CISSP, the ASU Director of University Audit, will present the topic of Audit Risk Analysis and Other Considerations. To find out more about these events and to register, you can visit our website, here:

Thank you for your continued support of the Phoenix Chapter! Please let us know if you have any comments, suggestions, or you would like to participate on the Board, by e-mailing us at: Thank you.

Gergana Kovatcheva, CPA, CGFM
AGA Phoenix Chapter



Chapter News

Register now for the Spring 2018 Professional Development Training (PDT) here.

Upcoming Events

2018 Professional Development Training

PDT Brochure
8 hours of CPE. Price includes a light breakfast, lunch, and afternoon snack.

Session 1 (8:10AM – 9:00AM): Professional Resiliency
Speaker: John Lynskey, CGFM, CPA
We all have ups and downs in our careers and lives.  Professional Resiliency Moments may sneak up on you in small ways at work:   One of the most important things is how we recover from a set-back or just a big challenge that set us apart.  We all get knocked down it is how we get back up that really sets us apart.  Resilience is a great life tools that I believe can be learned
– Let’s have some fun and take a resiliency Journey!

Session 2 (9:10AM – 10:00AM) Government Revenue GASB 33
Speaker: Brian Hemmerle, CPA, CFE
Revenue Recognition, GASB Style:
With the recently issued FASB ASC 606 Revenue Recognition effecting our counterparts in the for profit world, GASB has decided to take up a new project to discuss revenue and expense recognition in the government world.  Since the comment period ends April 27, 2018, now is a great time to take another look at what the current GASB revenue recognition standard is, GASB Statement 33.  Join us for a refresher on GASB Statement 33 and consider commenting on the new GASB revenue recognition project.

Session 3 (10:10AM – 11:00AM) Arizona Management System
Speaker: Ryan Allison
The Arizona Management System discusses a transformation across all agencies that involves how the State of Arizona is shifting to a results driven system centered around lean principles. The intent is to align key outcomes for the State of Arizona to meaningful results that drive value for taxpayers.  The system utilizes a continuous improvement cycle called the Plan, Do, Check, Act which is centered on chasing waste from bad processes, which ultimately creates respect for the people who execute state processes.

Session 4 (11:10AM – 12:00PM) IT Risks and Best Practices
Speakers: Michael Hiett and Ricardo Carrillo
With increased reliance on information systems and process automation, Information Technology continues to introduce new risks that must be addressed. IT best practices and the risk assessment process can guide entities in developing internal control activities that should be integrated into information systems to ensure reliable data and to protect sensitive information.

Lunch 12:00PM - 12:30PM

Session 5 (12:30PM – 1:20PM) 2018 Treasurer’s Updates
Speaker: Mark Swesons
This session  will provide an update on how the State Treasurer's Office investments are doing, what the projections are for the future, provide any new or proposed legislative changes impacting the Treasurer's Office, and discuss how the Education Land Trust for Schools funding is doing.

Session 6 (1:30PM – 2:45 PM) 2018 GASB Updates
Speakers: Donna Miller, CPA and Michael Stelpstra, CPA
The GASB never stops updating standards. Learn how some of its latest updates may affect Arizona government financial reporting.

Session 7 (3:15PM – 4:30 PM) Issues in Implementing Accounting Systems, Panel Discussion
Robert Harwood, CPA and Angie Flick - Maricopa County
Michael Smarik, CPA -  State of Arizona
Tanya Wright, CPA - Town of Gilbert
This session will be a discussion among key personnel with the State of Arizona, Maricopa County and the Town of Gilbert about their recent involvement in new accounting system implementation projects.  The objective of this session is to hear the lessons learned from these projects and what the opportunities and pitfalls were. 

Handouts: Session 1 - Professional ResiliencySession 2 - GASB 33Session 3 - AMSSession 4 - IT Risks, Session 6 - GASB Updates, Session 7 - Accounting Systems
No advance handout for Session 5.

Location: Rio Salado College, Conference Center
Date: April 27, 2018
Fraud/Data Analytics

Learning objectives: Participants will learn about types of data and available tools to look for signs of fraud. They will gain understanding of data analytics processes, the application of various data analysis techniques and evaluating results of the analysis.

Location: SkySong - Room SS1 301 Ingenuity
Date: May 16, 2018

This training will include an in depth look at the skills necessary to enhance leadership qualities to thrive in today’s professional environment. An emphasis will be put on the differences between age groups and will provide attendees actionable items to improve their presence as a leader at their organization. Learning objectives include:

·         The definitions and different theories over leadership

·         Different characteristics for new generations entering the work force

·         Strategies to enhance leadership visibility

Speakers: Brittney Williams, CPA, CGFM and Anthony St. George, CPA of Heinfeld, Meech & Co., P.C.

Location: SkySong - Room SS1 301 Ingenuity
Date: June 13, 2018

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