Accounting Academy: An Intensive Introduction to Governmental Accounting, Auditing, and Financial Reporting

Training Type: 
Live Training
Course Status: 
Repeat Offering
Date and Time: 
Aug 4 2014 - 9:00am to 5:00pm  CDT
Aug 5 2014 - 9:00am to 5:00pm  CDT
Aug 6 2014 - 9:00am to 5:00pm  CDT
Aug 7 2014 - 9:00am to 5:00pm  CDT
Aug 8 2014 - 9:00am to 4:00pm  CDT
Region: 
Central
Location: 

Chicago Office

203 N. LaSalle St Suite 2700
Chicago, IL 60601
United States
Phone: 
+1 (312) 977-9700
Fax: 
+1 (312) 977-4806
Level: 
Basic
Field of Study: 
Accounting – Governmental
CPE Credits: 
40
Member Price: 
$1,360.00
Non-Member Price: 
$1,885.00
Who Will Benefit: 

Accountants and auditors new to the public sector.

Program Description: 

Accountants and auditors new to the public secor must immediately face the daunting challenge of familiarizing themselves with the highly specialized rules, guidelines, and practices applicable to state and local governments.  This intensive five-day workshop, intended for those who already possess at least a basic knowledge of private-sector accounting, combines lecture, discussion, and exercises to help newcomers make this difficult, but essential transition.

Seminar Objectives: 

Those who successfully complete this seminar should be able to:

  • Explain why and how governmental accounting differs from business accounting;
  • Select the appropriate fund to use to account classifications and financial reporting terminology;
  • Distinguish the accrual treatment of transaction and events from the modified accrual treatment of those items;
  • Determine which legally separate units should be included within the financial reporting entity and how they should be presented there;
  • Perform basic journal entries at the fund level;
  • Identify the components of each of the three basic sections of a comprehensive annual financial report;
  • Interpret the basic financial statements;
  • Explain certain unique public-sector accounting treatments;
  • Identify the essential elements of a comprehensive framework of internal control; and
  • Identify key differences between auditing in the public and private sectors (e.g., Single Audit and "Yellow Book" audits).
Agenda: 
Registration Form: