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Technical

Fundamentals of Governmental Accounting and Reporting Logo aicpa

  Bruce Chase, Ph.D. |   $109.00 - 189.00 |   CPE: 5.0-7.0 |   AICPA |   Apr 2019 |   Auditing (Governmental) |   AICPA Store
The refresher you need.
Who Will Benefit?
  • Accounting and finance professionals working in the state and local government environment, and auditors with state and local government clients who seek a refresher in fundamental governmental accounting and reporting concepts.
Key Topics
  • The governmental environment and GAAP
  • Fund accounting and the financial reporting model
  • Budgeting
  • MFBA
  • Revenues and expenditures
  • Governmental, proprietary, and fiduciary funds
  • Government-wide financial statements
  • CAFR
  • Special purpose governments
  • Deferred outflows of resources and deferred inflows of resources
Learning Objectives
  • Identify unique aspects of the governmental environment.
  • Identify the governmental fund types and fund categories.
  • Apply the appropriate MFBA (Measurement Focus and Basis of Accounting) to fund
    accounting and reporting.
  • Determine how to classify, measure, and report governmental revenues and expenditures.
  • Recognize the financial reporting structure used by governments.
  • Distinguish the format and reporting requirements for government-wide financial statements.
  • Recognize special purpose governments.
  • Identify the impact of capital assets and long-term liabilities at the fund reporting level as
    well as the government-wide financial statement level.

Are you new to the governmental arena or need a refresher to keep up with changes? Covering more than just buzzwords, this self-study online course features the foundational tenets of governmental accounting and reporting in today's environment. Featuring updated accounting for GASB Statement No. 84, and fiduciary activities, this course reviews underlying concepts and shows you how they are applied through real-life examples of CAFR, financial statements and updates of recent GASB standards.

Topics covered:
  • Management accounting: Technical: Financial accounting & reporting: Financial reporting & compliance, Intermediate
  • Governmental auditing: Technical: Government financial statement audit: GASB accounting requirements, Intermediate
  • Governmental auditing: Technical: Government financial statement audit: Opinion units and materiality, Intermediate
  • Governmental auditing: Technical: Government financial statement audit: Fair value, Intermediate
  • Governmental auditing: Technical: Government financial statement audit: Leases, Intermediate
  • Assurance: Technical: Audit, Intermediate

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