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Fundamentals of Governmental Accounting and Reporting

Author/Moderator: Bruce Chase, Ph.D.
Publisher: AICPA
Availability: Varies by Format (See Below)
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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.

Topics Discussed:

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

  • Define unique aspects of the governmental environment
  • Define the 11 fund types and 3 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

Who Will Benefit?
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

Prerequisite: Knowledge of state and local governments

Advanced Preparation: None

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Other Options

NASBA Field of Study: Accounting and Auditing (Governmental)
Level: Basic
Recommended CPE Credit: Text - 12; On-Demand - 11.5
Yellow Book Hours: Text - 12; On-Demand - 11.5
Fundamentals of Governmental Accounting and Reporting
Text , 2015
Product# 731808
Availability: In Stock
AICPA Member:$179.00
Your Price:$229.00
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