CANCELLED: Governmental Accounting and Reporting (111225A-15)
Description
Governmental accounting and reporting is complex. Unravel the complexity
with this course that explores case studies, real-world examples, and
hands-on practice scenarios which offer a uniquely comprehensive blend
of today’s significant updates, historical perspectives, and fundamental
state and local government accounting and reporting requirements. This
course is excellent for participants familiar with fundamental state and
local governmental accounting concepts, who are looking to perform a
deep examination of fundamentals, such as how to prepare Agency Fund,
Internal Service Fund, Investment Trust Fund, and Special Revenue Fund
financial statements.
Learning Objectives
Describe the fund structure used by state and local governments.
Differentiate between the different Measurement Focuses and Bases of
Accounting (MFBOA) used in governmental financial statements.
Describe
key fund accounting transactions and events.
Identify the components
of the capital assets and long-term liabilities note disclosures.
Peform the process of converting the governmental fund financial
statements, together with the capital assets and long-term liabilities
note disclosures, to the governmental activities columns on the
government-wide financial statements.
Explain the complexities of
eliminating the Internal Service Funds before preparing the
government-wide financial statements.
Prepare the government-wide
fnancial statements and required reconciliations using the conversion
worksheets and Enterprise Fund financial statements.
Major Topics
Foundations of government accounting
Fund accounting
Preparing the
government-wide financial statements
Note disclosures
Deferred
outflows of resources and deferred inflows of resources
Course Level
Intermediate
CPE Field of Study
Accounting (Governmental)
8
Prerequisites
Prior experience with governmental accounting and reporting
