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.
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
The governmental environment and GAAP
Fund accounting and the financial reporting model
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
Prerequisite: Knowledge of state and local governments