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CPE Self-Study
Fundamentals of Governmental Accounting and Reporting
NASBA FIELD OF STUDY
Accounting (Governmental)
LEVEL
Intermediate
CPE CREDITS
Text: 8.5, Online: 8.0
Featuring the foundational tenets of governmental accounting and reporting in today's environment, this course offers underlying concepts and shows you how they are applied.

CPE On-Demand
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Supported Operating Systems:

  • Macintosh OS X 10.10 to present
  • Windows 7 to present

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  • Microsoft Internet Explorer
  • Mozilla Firefox

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Technical Support: Please contact service@aicpa.org or use the Contact Us Form.

Product details

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 governmental accounting and reporting concepts

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
  • CAFR
  • Special purpose governments
  • Deferred outflows of resources and deferred inflows of resources

Learning Objectives

  • Identify unique aspects of the governmental environment.
  • Identify the governmental fund types and fund categories.
  • Apply the appropriate MFBA (Measurement Focus and Basis of Accounting) to fund accounting and reporting.
  • Determine how to 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.

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.

Table of contents
Ratings and reviews
Author(s)

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.

Publisher

American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 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 specialized credentials for qualified professionals who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.

The AICPA and CIMA also make up the Association of International Certified Professional Accountants (the Association), which represents public and management accounting globally, advocating on behalf the public interest and advancing the quality, competency and employability of CPAs, CGMAs and other accounting and finance professionals worldwide.

The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.

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Price:
$189.00
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Nonmember Quantity:
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Estimated total:
$189.00
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CREDIT INFO
CPE credits
Text
: 8.5,
Online
: 8.0
NASBA Field of Study
Accounting (Governmental)
Level
Intermediate
Prerequisites
Knowledge of state and local governments
ADVANCE PREPARATION
None
Yellow Book Hours
Text - 8.5; On-Demand - 6.5
Delivery Method
QAS Self-Study
Course acronym
FGAC
GROUP PRICING
Contact a representative for group pricing.
Telephone: 800.634.6780 (Option 1)
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