1.5 CPE Not currently accepting new students
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: August 20, 2023
45 Reviews (118 ratings)
Reviews
Anonymous
(VP, WFM and BusTech)
This course provided a comprehensive overview of GAAP and required financial reporting as well as the various steps in the budgeting process and several insightful techniques. The instructor effectively presented content and provided helpful supporting materials to further augment learning and retention of key concepts.
David C Williams
(Founder at Explorer Holdings, LLC)
Quite a basic overview of state/local government and financial reporting and budgeting. While this is fine, it might have been value-added to include an actual example of a CAFR and refer to it to reinforce concepts. Otherwise a generally good introduction to the subject matter.
Anonymous
(Payroll Analyst)
The is a very informative course. The way in which the concepts are presented is helpful and it is easy to understand. The instructor was engaging and was able to keep this interesting. This course could be useful across many levels of an organization.
Tiffany Miller
( at ADP)
This is an excellent refresher course that I would recommend. It is a good suggestion to keep the slide materials for future reference and is also great for recertification of the CPP. I highly recommend this course.
Anonymous
(None)
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.
Natalia Lippold
(Certified Payroll Professional at Trivantus, Inc.)
I have never studied government accounting, so I was very concerned that I might not understand the topic. However, it was presented thoughtfully and clearly, and I understood it all! Thank you!
Christina Woodward
( at ZoroHR, LLC)
Thank you, this course was great. I felt like it covered everything necessary and provided me with the tools to pass the exam at the end. Overall I would recommend this to a colleague.
Stephanie Pan
(Tax Associate at NFP)
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.
CLAUDIA JONES
(ACCOUNTANT at Southwestern Energy)
High level overview which is good, but I would appreciate accounting courses that were more detail. Illumeo appears to be lacking in government accounting courses.
Marcia Williams
(N/A at N/A)
Very good summary of the Government Budgeting process and capital improvements/Bond issuing process steps. I was pleased with this refresher and the key points.
Anonymous
(Retired)
Pretty good. The course covered a lot of ground and is hard to do in 1.5 hours online. So perhaps a longer course would be better.
Anonymous
(Accountant)
Excellent course. The professor was very informative on the topic at hand. Would recommend this class to all in accounting fields.
Anonymous
(Corporate Accounting Consultant)
Presentation was dry (even given the fairly dry material).
Some slides were not the same in the download (or in different order)
Anonymous
(CFO)
While the information is helpful, the course slides are dated and need to updated. Much of the information is stale.
Anonymous
(Payroll Consultant)
This one was a real eye opener for this "payroll lady". Enjoyed the course very very much. Highly recommend.
Evellyn Chesley
(Accountant III at City of Chesapeake)
A good overall review of local governments. Very dated information though - from 2015 based on the slides.
Anonymous
()
This is a good overview course although it is not exciting material. It is a little hard to stay focused.
Anonymous
()
A good overall presentation of the topic. Informative for individuals considering entry into the industry.
Anonymous
()
This course provides good information on the Governmental budgeting process and information about bonds.
Anonymous
()
The course was well structured and the presented information was understandable and clearly supported.
Anonymous
(Accounting Technician)
There was so much content in this course, I feel it should have been broken into 3 separate courses.
Anonymous
(Payroll Manager NA)
This was a very b informative webinar! So many thing I didn't know about governmental budgeting.
Anonymous
(Senior Accountant, Payroll)
The speaker talks slowly; I recommend adjusting the settings to watch at 1.25 speed (or higher)
Anonymous
(VP of Payoll)
Good course. Good trainer. Detailed information. I would recommend this to other coworkers.
Lisa Buchanan
(Business Analyst at iSolved)
This course didn't keep my attention at all. The material was dry but this is accounting.
DAN ZOU
(Payroll manager at Sinopro International Resources Inc.)
good wording, nice examples, few pictures are used in the slides, easy to undstand....
Anonymous
()
This was a very slow and basic course. Didn't provide any new information. Very dry.
Jason Desrosiers
(Payroll at Pawtucket School Department)
Did not need to be so sub-divided, some additional quality control is also needed.
Jan Broadwater
(Controller at Consultant)
video needs editing - mis-speaks left in - authough this did break up monotony.
Judith Poli
(Payroll Manager at Odyssey Systems Consulting)
Very informative, subject matter a little dry. But good data and slides.
Anna Poselenova
( at Junior's)
Well-structured and informative course on government accounting basics.
Jonathan Szeliga
(Not Provided at DOJ)
Helpful, informative instructor and review quiz. Final exam was fair.
Anonymous
(Director of Finance and Contracts)
Interesting course, from basic fundamentals to insightful details.
Anonymous
(Systemwide Budget Analyst)
Would love to take deep-dive version of this course, if available.
Anonymous
(Senior Payroll Specialist)
Interesting overview of government budgeting & planning.
Charles Elwis
(Insurance Broker at Health Guys)
Helpful introduction to governmental accounting
Anonymous
(CFO)
Very informative and well prepared.
Anonymous
(None)
Lots of noise in background.
Anonymous
(None)
Another Great Course!!
Dane Fuhrman
(- at ---)
Important content.
Anonymous
(Sr. Institutional Fixed Income Trader)
Very informative
Julia Walker-Grinder
(Manager of Finance at Otero County Electric Cooperative)
Good information
Stacy Anderson
(Accounting Manager at Texas Tech University - Accounting Servi..)
Good review
Kenneth Hopkins
(Senior Financial Analyst at The University of Texas Health Science C..)
Boring...
Patrenia McAbee
(Owner at McAbee Consulting)
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
.
Stewart SimonPrincipal Public Sector Finance Consultant
About Illumeo
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- Email: info@illumeo.com
- Phone: 408-400-3993
- Adress: 1608 W Campbell
- Av #221, Campbell, CA 95008
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