Not Yet Rated
New Course
2 Hours (On-Demand)
Instructor for this course
more

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 29, 2021

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 .
Course Syllabus
INTRODUCTION AND OVERVIEW
  3:42An Overview to Introduction to Governmental Accounting
  19:34Background on Differences
Governmental Financial Basics
  9:29Basics of Financial Reporting
  14:59Key Definitions
  4:02Financial Reporting Requirements
  2:57Basic Financial Statements
  12:32Governmental Funds
  8:52Proprietary Funds
  6:08Fiduciary Funds and Interfund Activity
  11:44Governmentwide Financial Statements
  4:52CAFR
  1:48Resources
CONTINUOUS PLAY
  1:40:39Introduction to Governmental Accounting
SUPPORTING MATERIAL
  PDFSlides: Introduction to Governmental Accounting
  PDFIntroduction to Governmental Accounting Glossary/ Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM