Course Description
This course covers the fundamentals of governmental accounting and financial reporting: concepts, standards, and procedures
What Do Participants Learn?
Participants completing this program should be able to:
- Apply and explain some of the more complex and advanced accounting and financial reporting issues facing local governments today.
- Understand and prepare for the implementation issues related to recently issued pronouncements of the governmental accounting standards board
Who Should Attend?
Experienced finance officers and finance staff. Each participant must have completed successfully the Introduction to Local Government Finance seminar or an acceptable substitute
What Will the Learning Experience Include?
Phase: 1
Introduce
- Comprehensive pre-program activities include:
- Web-based information forms & surveys completed by attendee.
- Direct consultation with the attendee about the expectations.
- During the training, participants engage in data, activities, and conversations that lead to insight and knowledge.
- Participants learn from expert trainers who have both academic and business experiences.
- Highly applicable training content & instructive activities for adding depth to training topics.
- **A half-day site visit for integrating the experience & plan next steps. Opportunities to provide connections, ideas & support.
Phase: 2
Explore & Practice
Phase: 3
Apply
- Apply & sustain the learning experience by using this ongoing support:
- To ensure participant has new skills or behavior progress.
- Optional, fee-based mentoring & coaching with the trainer.
- Training materials & additional documents (e-books, pdf files, presentations and articles)
- Evaluate your training experience by giving us feedbacks and help us to reach our organizational goals.
- Participant's Evaluation
- Trainer's Evaluation
Phase: 4
EVALUATE
Module 1:
Governmental Accounting and Financial Reporting Environment Objectives, and Principles
Governmental Environment
Categories of Transactions
Module 2:
Asset and Liability Recognition – Governmental Funds
Revenue/Expenditure Recognition and Other Finance Sources/Uses – Governmental Funds
Major Fund Reporting
Module 3:
Governmental Fund Financial Statements
Enterprise Funds
Module 4:
Internal Service Funds
Proprietary Fund Financial Statements
Financial Reporting Entity
Government-Wide Financial Statements
Module 5:
Fiduciary Funds
Capital Assets and Long-term Liabilities
The Conversion Process
Auditing