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Fundamentals of Governmental Accounting and Reporting

Author/Moderator: Bruce Chase, Ph.D.
Publisher: AICPA
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Are you just starting to work in the governmental arena? Have you worked in this area for years but need a refresher to keep up with changes? If so, this is the course for you. This course features the foundational tenets of governmental accounting and reporting in today’s environment. Learn more than the buzzwords – learn the underlying concepts and how they are applied.

Topics Discussed

  • The governmental environment and GAAP
  • Fund accounting and the financial reporting model
  • Budgeting
  • Revenues and expenditures
  • Governmental, proprietary, and fiduciary funds
  • Government-wide financial statements and the CAFR
  • Special-purpose governments
  • Deferred outflows of resources and deferred inflows of resources
  • Introduction to GASB Statement No. 67 and GASB Statement No. 68

Learning Objectives
When you complete this course, you will be able to:

  • Define unique aspects of the governmental environment.
  • Define the 11 fund types and 3 fund categories (governmental funds, proprietary funds, and fiduciary funds).
  • Apply the appropriate MFBOA (Measurement Focus Basis of Accounting) to fund accounting and reporting.
  • Classify, measure, and report governmental revenues and expenditures.
  • Understand the financial reporting structure used by governments.
  • Define the format and requirements of the government-wide financial statements.
  • Identify the impact of capital assets and long-term liabilities at the fund reporting level as well as the government-wide financial statements.
  • Distinguish special purpose governments.

Prerequisite: None

Advanced Preparation: None

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NASBA Field of Study: Accounting and Auditing (Governmental)
Level: Basic
Recommended CPE Credit: Text - 12; On-Demand - 11.5
Yellow Book Hours: Text - 12; On-Demand - 11.5
Fundamentals of Governmental Accounting and Reporting
CPE On-Demand , 2015
Product# 163211
Availability: Online Access 1 Year
For registered users only
AICPA Member:$159.00
Your Price:$199.00
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