Governmental Accounting and ReportingCode: 24-GACC

194 Pages

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. 

Presentation Method:  QAS Self-Study

 

Category: Accounting (Governmental)

 

CPE credit:  8 Hours




Program Level:  Update




Prerequisites:  None




Advance Preparation:  None




Exam expiration date:  Participants must submit exams for grading within one year from the date of purchase