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Course Details

Governmental Accounting and Reporting - v06 (Course Id 1351)

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Author : Jae K. Shim, Ph.D., CPA
Status : Production
CPE Credits : 8.0
IRS Credits : 0
Price : $71.95
Passing Score : 70%
NASBA Technical: Yes
Primary Subject-Field Of Study:

Accounting - Accounting for Course Id 1351

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.

Usage Rank : 0
Release : 2016
Version : 1.0
Prerequisites : None.
Experience Level : Overview
Additional Contents : Complete, no additional material needed.
Additional Links :
Advance Preparation : None.
Delivery Method : Self-Study
Intended Participants : Anyone needing Continuing Professional Education (CPE).
Revision Date : 21-Mar-2018
NASBA Course Declaration : Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.
Approved Audience :

NASBA QAS - NASBA Registry - 1351

Keywords : Accounting, Governmental, Accounting, Reporting, v06, cpe, cpa, online course
Learning Objectives :

Chapter 1
Governmental Accounting: An Overview

After studying this chapter, you will be able to:
    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

After studying this chapter, you will be able to:
    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.
Course Contents :

Chapter 1: Governmental Accounting: An Overview

Learning Objectives

Characteristics of Nonbusiness Entities

Differences between Governmental and Private Sector Accounting

Background of Governmental Accounting

Major Concepts of Governmental Accounting

Chapter 1 Review Questions - Section 1

Financial Reporting of Governmental Entities

Chapter 1 Review Questions – Section 2

Budgetary Aspects of Governmental Operations

Accounting for Expenditures

Interfund Activities

Overview of Accounting and Financial Reporting for the General Fund

Comprehensive Illustration of Accounting for the General Fund

Chapter Summary

Chapter 1 Review Questions – Section 3

Chapter 2:   Special Funds and Financial Reporting

Learning Objectives

Governmental Funds Worksheets

Special Revenue Funds

Capital Projects Funds

Debt Service Funds

Chapter 2 Review Questions – Section 1

Permanent Funds

Governmental Funds Financial Statements

Proprietary Funds

Enterprise Funds

Chapter 2 Review Questions – Section 2

Internal Service Funds

Fiduciary Funds

Trust Funds

Agency Funds

The Government Reporting Model

Additional Considerations

Chapter Summary

Chapter 2 Review Questions – Section 3

Glossary

CPE Accounting Course: https://www.cpethink.com/qas-cpa-courses
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