Intermediate Governmental Accounting: December 11-13, 2013
Group-live course
Prerequisites: None Course level: Intermediate
CPE credits: 20
Time: 2.5 days, 9:00 am - 5:00 pm 1st and 2nd day, 8 am - 11:30 am 3rd day Who Will Benefit Mid-level finance officers, accountants, independent auditors, and other persons with a basic knowledge of private-sector accounting.
Note: this seminar covers material already substantially covered in the GFOA’s Accounting Academy: An Intensive Introduction to Governmental Accounting, Auditing, and Financial Reporting
Program
This seminar is designed to provide participants with a solid working knowledge of the specialized accounting and financial reporting used for state and local governments. Emphasis is placed throughout on differences between private- and public-sector theory and practice. Advance Preparation None
Seminar Objectives
Those who successfully complete the seminar should be able to: - Identify and rank the various sources of GAAP for state and local governments
- Select the appropriate fund to use to account for a given function or activity
- Properly apply specialized public-sector account classifications and financial reporting terminology
- Distinguish the accrual treatment of transactions and events from the modified accrual treatment of those items
- Determine which legally separate units should be included within the financial reporting entity and how they should be presented there
- Perform basic journal entries for governmental funds
- Perform basic journal entries for proprietary funds
- Perform basic journal entries for fiduciary funds
- Identify the basic steps in converting fund data for inclusion in government-wide financial statements
- Make basic budgetary journal entries and determine when a budgetary comparison is required and at what level of detail
- Identify the components of each of the three major sections of a comprehensive annual financial report
Note: It is recommended that all attendees bring a copy of the GFOA’s Blue Book, Governmental Accounting, Auditing, and Financial Reporting: Using the GASB 34 Model, to the seminar with them.
Recommended Reading
An Elected Official’s Guide to the New Governmental Financial Reporting Model An Elected Official’s Guide to Fund Balance and Net Assets Registration Fees GFOA member: $685 Nonmember: $865 Register online
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