×

CPE Self-Study

Fundamentals of Governmental Accounting and Reporting

  • $149.00-$189.00
    Fundamentals of Governmental Accounting and Reporting In Stock Product #: 731809
    AICPA Member: $149.00
    Non-Member: $189.00
  • $99.00-$129.00
    Fundamentals of Governmental Accounting and Reporting Online Access Product #: 163212
    AICPA Member: $99.00
    Non-Member: $129.00
  • Contact Sales

    Purchasing multiple enrollments for your organization? Contact a representative for pricing. 800.634.6780 | Contact Us

    Product #: GT-FGAC

Are you just starting to work in the governmental arena? Have you worked in this area for years but need a refresher to keep up with changes? If so, this is the course for you.

This CPE course features the foundational tenets of governmental accounting and reporting in today's environment. Learn more than the buzz words – learn the underlying concepts and how they are applied.

Learning Objectives

This course will prepare you to:

  • Identify unique aspects of the governmental environment
  • Identify the 11 fund types and 3 fund categories
  • Apply the appropriate Measurement Focus and Basis of Accounting (MFBA) to fund accounting and reporting
  • Classify, measure and report governmental revenues and expenditures
  • Recognize the financial reporting structure used by governments
  • Distinguish the format and reporting requirements for government-wide financial statements
  • Recognize 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

Key Topics

  • 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
  • Comprehensive Annual Financial Report (CAFR)
  • Special purpose governments
  • Deferred outflows of resources and deferred inflows of resources

Who Will Benefit?

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

System Requirements

About the Authors

Bruce Chase, Ph.D., CPA

Bruce W. Chase, professor of accounting, is in his twenty-fifth year of service at Radford University. He earned both his MBA and Ph.D. from Virginia Commonwealth University. He is also the Director of the University's Governmental and Nonprofit Assistance Center (GNAC). The GNAC provides support for the Government Finance Officers Association (GFOA) national Certified Public Finance Officer (CPFO) program. Prior to joining the faculty of Radford University, Bruce spent over 15 years in governmental and nonprofit accounting. He began his career with the Auditor of Public Accounts and then with Coopers and Lybrand. He served as Treasurer of Virginia Commonwealth University and later as chief financial officer of Southern Seminary College. Bruce has written numerous articles on governmental and nonprofit accounting and is a frequent speaker on these topics. He has authored two national educational courses dealing with governmental and nonprofit accounting for the American Institute of Certified Public Accountants (AICPA). He also does extensive training on governmental accounting and reporting issues. He was awarded the Association of Government Accountants' (AGA) National Education and Training Award in 2002, outstanding service award from the VGFOA in 2000 and the VSCPA's Broadus Award in 1997.

About the Publisher

AICPA

About the AICPA The American Institute of CPAs is the world’s largest member association representing the accounting profession, with more than 412,000 members in 144 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global Management Accountant designation, which sets a new standard for global recognition of management accounting.

Product Reviews