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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% |
| Course Type: | NASBA QAS - Text - Technical - NASBA Registry |
| Primary Subject-Field Of Study: | Accounting (Governmental) - Accounting (Governmental) 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 : | 2019 |
| Version : | 1.0 |
| Prerequisites : | None. |
| Experience Level : | Overview |
| Additional Contents : | Complete, no additional material needed. |
| Additional Links : |
Accounting Financial Reporting Government Finance Officers
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| Advance Preparation : | None. |
| Delivery Method : | Self-Study |
| Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
| Revision Date : | 30-Dec-2019 |
| 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 - Text - Technical - NASBA Registry - 1351 |
| Keywords : | Accounting, Governmental, Accounting, Reporting, v09, cpe, cpa, online course |
| Learning Objectives : |
Chapter 1
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
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 Accounting for Fixed Assets Long-Term Debt and Capital Leases Lease Accounting Investments 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 Appendix: Four Major Issues of the Government Reporting Model Glossary |
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