Accounting and Financial Reporting

Fundamentals of Preparing a Comprehensive Annual Financial Report

Course Overview

Title

Fundamentals of Preparing a Comprehensive Annual Financial Report

Level

Intermediate

Prerequisite

Accounting and financial reporting professionals with at least two years of experience or equivalent.

Field of Study

Governmental accounting and financial reporting

Topics

Accounting and Financial Reporting

Format

Offered Both as Group-Live Class and E-Learning Opportunity

CPE

8/12

The program is designed to familiarize participants with the format and contents of a comprehensive annual financial report prepared in accordance with both generally accepted accounting principles (GAAP) and the program requirements of the Government Finance Officers Association’s (GFOA) Certificate of Achievement for Excellence in Financial Reporting Program criteria. Attendees will examine in detail each section in order to understand the required format and necessary information to be included in each.

Learning Objectives

Those who successfully complete this seminar should be able to:

  • Identify the three basic sections of a comprehensive report and the essential components of each,
  • Differentiate basic financial statements, required supplementary information, and other supplementary information within a comprehensive report,
  • Identify the appropriate elements of a letter of transmittal,
  • Identify the appropriate elements to include in management’s discussion and analysis,
  • Format each of the basic financial statements,
  • Classify data in each of the basic financial statements,
  • Properly apply commonly misunderstood note disclosure requirements,
  • Prepare required supplementary information,
  • Format combining and individual fund statements,
  • Prepare required statistical presentations.

Who Will Benefit

CFO/Finance Director

Controller

Accountant

Schedule and Sample Agenda

Format

Agenda

CPE

Day 1

Day 2

Day 3

Day 4

Day 5

Group Live

8 CPE

8 Hours

E-Learning

12 CPE

6 Days, 2 Hours Per Day

Register

Scheduled Offerings

Format / Location

February 16-March 4, 2021

E-Learning

Note: Due to the COVID-19 pandemic, GFOA has cancelled all Group-Live training events through September 2021.

Course Instructors

This course is taught by finance officers and other industry experts.