Accounting and Financial Reporting

Identifying Component Units

Course Overview

Title

Identifying Component Units

Level

Basic

Prerequisite

None

Field of Study

Accounting (Governmental)

Format

Webinar

CPE

1

The scope of public sector external financial reporting often extends beyond the reporting government to encompass one or more additional legally-separate organizations. This seminar examines the scope of the public sector financial reporting entity.

Learning Objectives

Those completing this seminar will be able to:

  • Identify the criteria used in establishing a primary government’s financial accountability for a potential component unit
  • Distinguish between the two types of fiduciary component units and the criteria for their inclusion in a primary government’s fiduciary funds financial statements

Who Will Benefit

CFO/Finance Director, Controller, Accountant, and Auditor