This day and half course is designed for people that have a limited background in formal accounting, or need a basic refresher. It covers basic financial statement elements (such as assets, liabilities, fund balance, revenue and expenditures), the effects of transactions on the accounting equation, basic financial statements and debits and credits. It also covers an introduction to funds, budgeting, and financial reporting for governments. The course incorporates several in class exercises.
This day and a half course covers accounting and reporting standards, budgeting and fund accounting. A major focus of the course is on the main difference in the measurement focus and basis of accounting between governmental funds and proprietary funds. It covers some of the unique accounting methods for these funds as well as the related fund financial statements.
This day and a half course covers the government-wide statements and the contents of the Annual Comprehensive Finance Report (ACFR). A major focus of the course is on how to use the different reports in a ACFR to evaluate a government’s financial performance. It will use a class exercise to demonstrate ways to evaluate performance. In addition, how the government-wide statements are constructed is covered.