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Fundamentals of Governmental Accounting and Reporting: Fund Accounting and Financial Statements

Available Until

**OnDemand**

5.5 Credits

Member Price $109.00

Non-Member Price $139.00

Overview

Fund accounting and reporting

Using funds

Understand how revenues and expenditures are recognized and recorded in governmental funds.

Understand how proprietary funds are used to account for a government's business-type activities.

Understand how governments use funds to provide financial information and report the activities of assets held for others.

Learn how fund financial statements provide important information - how much was received, spent, and what remains - on how the separate components of a government performed for the year.

Highlights

Key Topics

  • Fund accounting and the financial reporting model
  • Governmental, proprietary, and fiduciary funds
  • Fund financial statements

Prerequisites

None

Designed For

Who Will Benefit

  • Accounting and finance professionals working in the state and local government environment
  • Auditors with state and local government clients who seek a refresher in fundamental governmental accounting and reporting concepts

Objectives

Learning Outcomes

  • Identify the governmental fund types and fund categories.
  • Identify how revenues and expenditures are recognized and recorded in governmental funds.
  • Recognize how proprietary funds are used to account for a government business-type activity.
  • Recognize how governments use trust and custodial funds to report the activities of assets held for others.
  • Identify how governments often make resource allocation decisions by fund, and how governments must provide financial information by funds in order to demonstrate accountability.

Non-Member Price $139.00

Member Price $109.00