This course offers accounting professionals that work in state and local governments and auditors of those entities a foundation in fund accounting, budgeting, and reporting.
Learn the fundamentals
Understand the purpose of governmental accounting —analyzing, recording, summarizing, reporting, and interpreting the financial transactions of governments — and how it differs from accounting for the for-profit sector.
Learn how governments use budgets to show that they spent resources only for purposes approved by our elected officials. Learn how governments use fund financial reports to report assets they hold that belong to others.
Learn details about the construction and content of financial reports for governments of various sizes and level of services provided. Understand how proprietary funds are used to account for a government’s business-type activities. Understand the relationship among the government environment and GAAP; budgeting; and measurement focus and basis of accounting.
See how the tenets are applied using real-life examples of a comprehensive annual financial report, financial statements, and updates of recent Governmental Accounting Standards Board standards.