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GP102125
INT011624
INT012125
INT041525
INT041624
INT071525
INT071624
INT072023
INT101524
INT101723
INT111423
Background for Governmental Accounting & Financial Reporting
The public sector environment is fundamentally different from that in which private sector organizations operate, hence the need for different accounting and financial reporting practices. This course will provide a basic introduction to the conceptual and practical ways in which generally accepted accounting principles (GAAP) for governments differ from that used by private companies.
Learning Objectives:
Identify and define the key terms used in governmental accounting.
Describe the basic structure of governmental accounting and explain the relationship between accounting and budgeting.
Explain how transactions and other events are measured and reported in governmental accounting.
Recognize the significance of an Annual Comprehensive Financial Report (ACFR) and demonstrate how it may be used to understand an organization’s financial condition.
Where
GFOA Learning Management System (LMS) https://learn.gfoa.org/
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