Introduction to Governmental Accounting

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 component units, Management Discussion & Analysis (MD&A), and the Annual Comprehensive Financial Report.

Upon completing this course, learners will be able to:
Recall the requirements of governmental financial reporting
Identify organizations that follow governmental financial reporting standards
Recognize why governmental entities require different financial reporting requirements than for-profit and non-profit nongovernmental entitiesIdentify definitions of key governmental terms