• Course Information

    Title: Government Accounting and Reporting
    Category: Accounting and Auditing
    Field of Study: Accounting (Governmental)
    Course Code: A016-0398
    CPE Credits: 8.0
    Price: $59.95
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Description

Description:
This course on accounting for governmental entities is intended to be used by anyone who would like to gain knowledge of accounting and financial reporting currently recommended for state and local governmental units. The course provides an overview of (1) the fundamental concepts underlying state and local governmental accounting and reporting, (2) the importance of budgetary accounting in government, and (3) the recognition rules and journal entries related to governmental financing. It also describes (1) the accounts and journal entries related to transactions specific to governmental entities, (2) the process of defining the governmental reporting entity, (3) the components of the comprehensive annual financial report (CAFR), (4) the reporting requirements for government- wide and fund-based financial statements, and (5) other required information in the CAFR.

Delivery Method: Online Interactive Self Study

Level: Overview

Prerequisites: Basic Accounting

Advanced Preparation: None

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Course Details

Author: Delta Publishing

Category: Accounting and Auditing

Field of Study: Accounting (Governmental)

Passing Score: 70%

Publication Date: 06/24/2016

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Objectives

Objectives:
Chapter 1 Government Accounting and Reporting: An Overview
1. Identify the basic differences between governmental and private sector accounting.
2. Recognize major concepts of governmental accounting.
3. Identify basic concepts for financial reporting in governmental accounting.
4. Recognize the differences between the various governmental fund types.

Chapter 2 Special Funds and Financial Reporting
1. Recognize the basic differences in financial reporting requirements of the different fund types.
2. Identify how governmental funds are reported and rules for separate reporting as major funds.
3. Recognize key elements of government-wide financial statements.

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Profession

NASBA: Yes

QAS: Yes

CPA: Suitable for all CPAs

IRS: No IRS credit for Enrolled Agents.

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