Introduction to Governmental Accounting

Overview

Governmental accounting differs significantly From other forms of accounting & requires a distinct approach to financial reporting. This course introduces the foundational principles of governmental accounting, including fund accounting concepts & the modified accrual basis of accounting.

Participants will explore the structure & purpose of governmental fund financial statements & government-wide financial statements, gaining clarity on their objectives, layouts & key elements. The course also addresses essential topics such as component units, the role & structure of Management’s Discussion & Analysis (MD&A) & the preparation & significance of the Annual Comprehensive Financial Report (ACFR).

Designed for those new to governmental accounting– or those seeking a refresher-this course provides a solid foundation for understanding & applying governmental financial reporting principles. The course has been updated to reflect recent guidance issued by the Governmental Accounting Standards Board, including GASB Statements 101-105.