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Governmental Accounting and Reporting

Author/Moderator: Patricia Duperron, CPA; Lee Klumpp, CPA; Kurt Miller, CPA
Publisher: AICPA
Availability: Varies by Format (See Below)
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This CPE course is excellent for those who are familiar with fundamental state and local governmental concepts and those who are looking to perform a deep examination of fundamentals, such as how to prepare Agency Fund, Internal Service Fund, Investment Trust Fund, and Special Revenue Fund financial statements.

Topics Discussed:

  • Foundations of government accounting
  • Fund accounting
  • Preparing the government-wide financial statements
  • Note disclosures
  • Deferred outflows of resources and deferred inflows of resources

Learning Objectives:
When you complete this course, you will be able to:

  • Describe the fund structure used by state and local governments
  • Differentiate between the various Measurement Focuses and Bases of Accounting (MFBA) used in governmental financial statements
  • Describe key fund accounting transactions and events
  • Identify the components of the capital assets and long-term liabilities note disclosures
  • Perform the process of converting the governmental fund financial statements, together with the capital assets and long-term liabilities note disclosures, to the governmental activities column on the government-wide financial statements
  • Explain the complexities of eliminating the Internal Service Funds before preparing the government-wide financial statement
  • Prepare the government-wide financial statements and required reconciliations using the conversion worksheets and Enterprise Fund financial statements

Who Will Benefit?
Auditors and financial managers responsible for the accounting and reporting of state and local governments, agencies, divisions, and teams.

Prerequisite: Prior experience with governmental accounting and reporting

Advanced Preparation: None.

Enhanced On-Demand Format
This enhanced on-demand format features audio and voice narration to keep you actively engaged with the course content. Additionally, updated course navigation allows you to easily move throughout the material. For your convenience, a PDF version of the text manual is included for download to use as a reference guide.

NASBA Field of Study: Accounting (Governmental)
Level: Basic
Recommended CPE Credit: Text - 14; On-Demand - 13.5
Yellow Book Hours: Text - 14; On-Demand - 13.5
Governmental Accounting and Reporting
Text , 2016
Product# 746291
Availability: In Stock
AICPA Member:$189.00
Your Price:$239.00
Governmental Accounting and Reporting
CPE On-Demand 2016
Product# 163722
Availability: Online Access 1 Year
For registered users only
AICPA Member:$159.00
Your Price:$199.00
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