Introduction to Governmental Accounting

Overview

Governmental accounting is very unique. This course will introduce the financial reporting basics for governments, including fund accounting and the modified accrual basis of accounting. Attendees will analyze the layouts of the fund financial statements as well as the government-wide financial statements. The course will also cover the concept of component units, Management Discussion & Analysis (MD&A), and the Annual Comprehensive Financial Report.

Prerequisites

None

Objectives

• Describe the unique accounting principles and transactions applicable to governmental entities

Highlights

• Fund Accounting
• MD&A
• ACFR