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Fundamentals of Governmental Accounting and Reporting: Fund Accounting and Financial Statements
Government
CPE Self-study

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

Fund accounting and reporting intricacies are decoded for accounting professionals and auditors who work with state and local governments.

$139 - $169
Do you have an AICPA or CIMA membership? Log in to apply your member discount.

Format

Online

NASBA Field of Study

Accounting (Governmental)

Level

Basic

CPE Credits

7

Author(s)

AICPA and CIMA staff

Availability

1 year

Product Number

GAFR25SSO

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Product Details

Fund accounting and reporting explained

Learning the intricacies of fund accounting and reporting is essential to practitioners working in the governmental environment.

You'll gain foundational knowledge that will help you understand the specifics of your work in the governmental field. Topics you'll examine include:

  • How revenues and expenditures are recognized and recorded in governmental funds
  • How proprietary funds are used to account for a government’s business-type activities
  • How governments use fiduciary funds to provide financial information and report the activities of assets held for others

Fund financial statements decoded

Understanding how fund financial statements are used by governments will also help you when working with state and local governments. You will learn about:

  • The information fund financial statements provide to users
  • The ways fund financial statements show how much was received, how much was spent, and how much remains remains
  • The ways fund financial statements can show how the separate components of a government performed for the year

Who Will Benefit

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

Key Topics

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

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.
  • Recognize that governments must provide financial information by funds to demonstrate accountability.
Credit Info
CPE Credits
Online
7
NASBA Field of Study
Accounting (Governmental)
Level
Basic
Prerequisites
None
Access
Online
This is a digital product. With full paid access the content will be available to you for 1 year after purchase date.
Yellow Book Hours
7
For more information, please refer to CPE requirements and NASBA sponsorship information
Pricing
Do you have an AICPA or CIMA membership? Log in to apply your member discount.
Nonmembers
Online
$169.00
AICPA Members
Online
$139.00
CIMA Members
Online
$139.00

Group ordering for your team

2 to 5 registrants

Save time with our group order form. We’ll send a consolidated invoice to keep your learning expenses organized.

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6+ registrants

We can help with group discounts. Email client.support@aicpa-cima.com
US customers call 1-800-634-6780 (option 1)

Contact us
Author(s)
AICPA and CIMA staff
Accessibility

The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association's website, educational materials, products, and services.The Association is committed to making professional learning accessible to all product users. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. As part of this commitment, this product is closed-captioned. For additional accommodation requests please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.

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