This course is a premium+ course it can be accessed either by individual purchase or through a premium+ subscription
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.
Included In Certifications
This course is included in the following Certification Programs:
7 CoursesIntroductory Yellow Book Certification
- Introduction to Not-for-Profit Accounting
- Introduction to Governmental Accounting
- Introduction to Single Audit
- Introduction to Yellow Book
- 2021 Yellow Book Ethics
- Internal Controls Over Compliance vs. Compliance
- Internal Control Frameworks for Single Audit
Prerequisites
Who Should Attend: Practitioners new to governmental accounting.
No advanced preparation or prerequisites are required for this course.
Education Provider Information
