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course

Introduction to Governmental Accounting

New Course
2 Hours (On-Demand)
2.0 CPE  

This course is a premium+ course it can be accessed either by individual purchase or through a premium+ subscription

Purchase this course | $84

Governmental accounting is very unique. This course introduces the financial reporting basics for governments, including fund accounting and modified accrual accounting. We discuss budgetary accounting and the use of encumbrances. We review the rules on exchange and nonexchange transactions.

We also analyze the layouts of the fund financial statements as well as the government-wide financial statements. The class also covers the concept of component units and close the accounting section with a discussion on the concepts of Management Discussion & Analysis (MD&A) and other RSI that are specific to governmental entities.

Learning Objectives
  • Discover and describe the unique accounting principles and transactions applicable to governmental entities.
  • Explore and introduce the financial reporting basics for governments, including fund accounting and modified accrual accounting.
  • Identify and analyze the layouts of the fund financial statements as well as the government-wide financial statements.
Last updated/reviewed: August 16, 2023

Included In Certifications

This course is included in the following Certification Programs:

7 CoursesIntroductory Yellow Book Certification

  1. Introduction to Not-for-Profit Accounting
  2. Introduction to Governmental Accounting
  3. Introduction to Single Audit
  4. Introduction to Yellow Book
  5. 2021 Yellow Book Ethics
  6. Internal Controls Over Compliance vs. Compliance
  7. Internal Control Frameworks for Single Audit
Prerequisites
Course Complexity: Foundational

Who Should Attend: Practitioners new to governmental accounting.
No advanced preparation or prerequisites are required for this course.

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 .
Instructor for this course
Course Syllabus
INTRODUCTION AND OVERVIEW
  An Overview to Introduction to Governmental Accounting3:42
  Background on Differences19:34
Governmental Financial Basics
  Basics of Financial Reporting9:29
  Key Definitions14:59
  Financial Reporting Requirements4:02
  Basic Financial Statements2:57
  Governmental Funds12:32
  Proprietary Funds8:52
  Fiduciary Funds and Interfund Activity6:08
  Governmentwide Financial Statements11:44
  CAFR4:52
  Resources1:48
CONTINUOUS PLAY
  Introduction to Governmental Accounting1:40:39
SUPPORTING MATERIAL
  Slides: Introduction to Governmental AccountingPDF
  Introduction to Governmental Accounting Glossary/ IndexPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam