Accounting Academy: An Intensive Introduction to Governmental Accounting, Auditing, and Financial Reporting

Training Type: 
Live Training
Course Status: 
Repeat Offering
Date and Time: 
Jul 20 2020 - 8:30am to 4:30pm  CDT
Jul 21 2020 - 8:30am to 4:30pm  CDT
Jul 22 2020 - 8:30am to 4:30pm  CDT
Jul 23 2020 - 8:30am to 4:30pm  CDT
Region: 
Central
Location: 

Chicago, IL (Hyatt Place Chicago River North)

66 West Illinois Street
Chicago, IL 60654
United States
Level: 
Intermediate
Field of Study: 
Accounting – Governmental
CPE Credits: 
32
Member Price: 
$1,210.00
Non-Member Price: 
$1,650.00
Prerequisite: 

Basic understanding of private-sector accounting and financial reporting.

Who Will Benefit: 

Accountants and auditors new to the public sector.

Program Description: 

Accountants and auditors new to the public sector must immediately face the daunting challenge of familiarizing themselves with the highly specialized rules, guidelines, and practices applicable to state and local governments. This intensive three-day workshop, intended for those who already possess at least a basic knowledge of private-sector accounting, combines lecture, discussion, and exercises to help newcomers make this difficult, but essential, transition.

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 Intermediate Governmental Accounting course.

Seminar Objectives: 

Those who successfully complete this seminar should obtain a solid basic understanding of each of the following:

  • Generally accepted accounting principles (GAAP) for state and local governments;
  • The unique environmental factors that have led to specialized accounting and financial reporting for state and local governments;
  • Fund accounting;
  • Government-wide financial reporting;
  • Measurement focus and basis of accounting;
  • How to categorize and measure transactions and events;
  • Component units;
  • Budgetary reporting; and
  • Elements of a comprehensive annual financial report (CAFR).