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Fundamentals of Governmental Accounting and Reporting (Self-Study)

Code: JI163213

Date Valid for one year from purchase date
Format Self-Study (On-Demand)
CPE credits CPE 8.0
Field(s)
of study
Accounting (Governmental) - Technical (8.0)
Fees
Standard member fee $129.00
checkmarkStandard nonmember fee $169.00

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Description

If you are new to the governmental arena or need a refresher to keep up with changes, this is the course for you. Featuring the foundational tenets of governmental accounting and reporting in today 's environment, this course covers more than just buzzwords. Including real-life examples of CAFR and financial statements and updates of recent GASB standards, this course offers underlying concepts and shows you how they are applied.

Who should take this program?

Accounting and finance professionals working in the state and local government environment and auditors with state and local government clients who seek a refresher in fundamental government accounting and reporting concepts

Major subjects

  • The governmental environment and GAAP Fund accounting and the financial reporting model
  • Budgeting
  • MFBA
  • Revenues and expenditures
  • Governmental, proprietary, and fiduciary funds
  • Government-wide financial statements
  • CAFR
  • Special purpose governments
  • Deferred outflows of resources and deferred inflows of resources

Learning objective(s)

  • Define unique aspects of the governmental environment
  • Define the governmental fund types and fund categories
  • Apply the appropriate MFBA (Measurement Focus and Basis of Accounting) to fund accounting and reporting
  • Classify, measure and report governmental revenues and expenditures
  • Understand the financial reporting structure used by governments
  • Define the format and reporting requirements for government-wide financial statements
  • Distinguish special purpose governments
  • Identify the impact of capital assets and long-term liabilities at the fund reporting level as well as the government-wide financial statement level

Notes:

Course code Code JI163213
Sponsor AICPA
NASBA ID#: 112891
Level Basic
Format Self-Study (On-Demand)
Prerequisites Prereq. None
Advance
prep
None