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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.
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
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