Date and Time:
Dec 9 2020 - 2:00pm to 4:00pm EST
Program Description:
The public sector environment is fundamentally different from that in which private-sector organizations operate, thus different accounting and financial reporting practices have developed for governments.
This two-hour internet training will provide a basic introduction to the conceptual and practical ways in which generally accepted accounting principles (GAAP) for governments differs from that used for private companies. It will familiarize participants with the purpose and use of fund accounting, the three fund categories, the different measurement focuses and bases of accounting used in government financial statements, and the fund and government-wide financial statements.
Seminar Objectives:
Those completing this seminar will be able:
- Understand the environmental differences that underlie differences in accounting and financial reporting for governments compared to private-sector entities
- Explain the use of fund accounting in the government environment
- Identify the three fund categories and the purposes for which they are used
- Identify the two measurement focuses and the purposes for which they are used
Level: Basic
Field of Study: Accounting – Governmental
CPE Credits: 2
Member Price: $85.00
Non-Member Price: $160.00
Prerequisite: Basic understanding of private-sector accounting and financial reporting.
Who Will Benefit:
Those new to accounting in the public sector.
Once registered you will access this LMS Class at learn.gfoa.org
Please use a modern browser like Firefox, Chrome, Vivaldi, Edge, or Safari on Apple systems to access your class on the GFOA Learning Management System - learn.gfoa.org
Internet Explorer does not support all the required features of the LMS or other modern web sites which will lead to a poor experience for you.