Intermediate Governmental Accounting

Training Type: 
Live Training
Course Status: 
Repeat Offering
Date and Time: 
Mar 13 2019 - 8:30am to 4:30pm  MDT
Mar 14 2019 - 8:00am to 4:00pm  MDT
Region: 
Mountain
Location: 

Salt Lake City, UT (DoubleTree Suites by Hilton Salt Lake City Downtown)

110 West 600 South
Salt Lake City, UT 84101
United States
Level: 
Intermediate
Field of Study: 
Accounting – Governmental
CPE Credits: 
16
Member Price: 
$580.00
Non-Member Price: 
$790.00
Prerequisite: 

Basic understanding of private-sector accounting.

Speakers: 
Assistant Director for Training
GFOA
Managing Partner
Government R&D Center LLC
Who Will Benefit: 

Those involved with preparing or auditing the financial statements of state or local governments, but who have not received comprehensive training concerning the unique features of public-sector accounting and financial reporting. 

Special note: The material in this course is incorporated into the GFOA’s Accounting Academy: An Intensive Introduction to Governmental Accounting, Auditing, and Financial Reporting; therefore, individuals who have attended or plan to attend the GFOA’s Accounting Academy should not enroll in this seminar.

Program Description: 

This seminar is designed to provide participants with a solid working knowledge of the specialized accounting and financial reporting used by state and local governments.  Emphasis is placed throughout on differences between private- and public-sector theory and practice.

Updated to include GASB Statement No. 84, Fiduciary Activities.

Participants may wish to bring a copy of their CAFR to the course. The material in this course is incorporated into GFOA’s Accounting Academy.

Seminar Objectives: 

Those who successfully complete the seminar should be able to: 

  • Explain why and how accounting for state and local governments differs from accounting and financial reporting for businesses;
  • 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 at the fund level;
  • Identify the basic steps in converting fund data for inclusion in government-wide financial statements;
  • Identify the components of each of the three basic sections of a comprehensive annual financial report; and
  • Determine when a budgetary comparison is required and at what level of detail.