Governmental Accounting Demystified
|Date(s):||July 9, 2014 - July 10, 2014
|Time:||Please arrive between 7:30 and 7:45 am for check-in. This is a 2-day class. Class will start at 8 am and end at 5 pm each day.|
Sorry, this class has already ended.
This program is targeted towards non-financial professionals and financial professionals who want to improve communications with their customers.
Governmental accounting is mighty confusing. The Governmental Accounting Standards Board (GASB) requires that governments use funds to track resources and apply two accrual methods and reconcile between the layers of the financial statements.
If that didn’t make any sense to you at all, you are not alone! Even governmental accountants struggle with the complexity of government financial statements. In this course, the instructor will demystify governmental accounting and budgeting.
At the conclusion of this course, participants will be able:
- Describe governmental fund types and financial statement layers
- Distinguish between modified accrual and full accrual accounting
- Utilize a comprehensive annual financial report to tell a story about the financial health of a government
- Create and maintain a simple performance-based budget
- Apply cost terminology including variable, fixed, indirect, and direct costs
- Determine a decision’s impact on fund balance and cash
- Create performance measures and link them to the budget, and
- Extract the information needed from the organization’s financial reports.