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The fundamentals of state and local government accounting, decision-making, budget practices, and capital planning and funding are taught in this course. The first section of the course provides an overview of generally accepted accounting principles (GAAP) and financial reporting. This is followed by an introduction to  funding and allocation of resources, and financial decision-making. The course then introduces the various budget processes and techniques employed by governments in budget preparation, enactment, and execution. The course ends with an examination of how governments fund capital improvements and infrastructure renewal as well as the causes of fiscal distress faced by government entities.

Learning Objectives

  • Discover the basic accounting principles applicable to governments and recognize how to use comprehensive annual financial reports and other financial documents to evaluate financial strengths or weaknesses of government enterprises
  • Explore the processes, techniques, and methods used by governments to prepare, adopt, and execute budgets
  • Identify how governments plan and fund ”brick and mortar” infrastructure projects and the analytical techniques used to make sound capital decisions in the public interest including cost-benefit analysis
  • Explore the elements of municipal bond issuance, underwriting, credit analysis, and, investment management
  • Discover the causes of fiscal distress and the Ch. 9 bankruptcy filing process
Last updated/reviewed: September 19, 2018

15 Reviews (38 ratings)Reviews

4
Anonymous Author
The class is a good overview. Someone with little or no knowledge of government accounting would benefit from this course. I thought quiz could be more definition based rather than asking specific statistics.
5
Member's Profile
Great course to get a high level understanding of the differences between governmental reporting and GAAP reporting. Concise slides and examples helped convey the material well.
3
Anonymous Author
Presentation was dry (even given the fairly dry material). Some slides were not the same in the download (or in different order)
5
Member's Profile
Helpful, informative instructor and review quiz. Final exam was fair.
4
Anonymous Author
Interesting course, from basic fundamentals to insightful details.
5
Member's Profile
Helpful introduction to governmental accounting
4
Anonymous Author
Very informative and well prepared.
3
Anonymous Author
Lots of noise in background.
5
Anonymous Author
Another Great Course!!
4
Member's Profile
Important content.
5
Anonymous Author
Very informative
4
Member's Profile
Good information
4
Member's Profile
Good review
4
Member's Profile
Boring...
4
Member's Profile
Good

Prerequisites

Course Complexity: Foundational

Prerequisites: None

Advanced Preperation: None 

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
FUND BASED STATEMENTS
  7:13Fund Based Statements
Audit, Evaluation, and Analysis
  10:43Program Audit and Evaluation
  5:47Time Value of Money
  5:27Public Policy Analysis
  2:56State and Local Government System
Budget Process
  6:55Budget Processes
  3:22Revenues and Budget Pressures
Capital Funding
  15:30Capital Improvements
CONCLUSION
  2:28Course Summary
Continuous Play
  1:11:26Government Accounting, Budget Practices, and Capital Funding
SUPPORTING MATERIALS
  PDFSlides: Government Accounting, Budget Practices, and Capital Funding
  PDFGovernment Accounting, Budget Practices, and Capital Funding Glossary/Index
REVIEW & TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM