Accounting and Financial Reporting

Intermediate Governmental Accounting

e-Learning Course

April 8, 2021

1-5 p.m. ET

April 13, 2021

1-5 p.m. ET

April 15, 2021

1-5 p.m. ET

1 p.m.-5 p.m. ET

  • Field of Study: Accounting (Governmental)
  • Credits: 12.00
  • Prerequisite: GFOA's Accounting Academy, Accounting Intensive Series, an equivalent program

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 for selected topics. Those who successfully complete this series should gain a basic understanding of the appropriate governmental accounting and financial reporting related to: Capital assets Debt Leases Public-private and public-public partnerships Availability payment arrangements Subscription-based information technology arrangements

Who Will Benefit: CFO/Finance Director, Controller, Accountant, Auditor

Learning 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.

  • Member Price: $420.00
  • Non-member Price: $840.00