The accounting used by government entities is substantially different from the accounting used by for-profit organizations. This course describes the unique aspects of governmental accounting, including the use of funds, the modified accrual basis of accounting, and many unique financial statement formats and disclosures. There is a strong emphasis on common accounting transactions, the annual comprehensive financial report, budgetary reporting, and nonexchange transactions. In short, Governmental Accounting is an essential desk reference for the professional accountant.
Governmental Accounting Overview. Fund Accounting. Basis of Accounting and Measurement Focus. Reporting Capital Assets. Reporting Liabilities. Budget and Budgetary Accounting. Common Accounting Transactions. Classification and Terminology. Financial Reporting Entity. Annual Comprehensive Financial Report. Financial reporting Considerations. Financial Statements. Budgetary Reporting. Cash Flows Statements. Segment Information. Reporting Entity and Component Unit Presentation and Disclosure, and More.
Professionals in Government and Public Accounting.
Identify the different categories used for program revenues. Specify the formula underlying a balance sheet. Specify the disclosures used when there is a related party transaction. Describe the proper accounting for the correction of an error. Define a change in estimate, principle, and entity. Specify the topics that should be covered in the notes to the financial statements. Recognize the circumstances under which an accounting policy should be disclosed. Cite the disclosures needed when future revenues are sold. Identify the circumstances under which a budgetary comparison should be presented. Describe the nature of budgetary control. Recognize the types of funds that must present a statement of cash flows, and more.
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $404.00
Member Price $351.00