San Antonio, TX (DoubleTree by Hilton Downtown)
Mid-level finance officers, accountants, independent auditors, and other persons with a basic knowledge of private-sector accounting.
[Note: The material in this seminar is also part of the GFOAs Accounting Academy: An Intensive Introduction to Governmental Accounting, Auditing, and Financial Reporting.]
This seminar is designed to provide participants with a solid working knowledge of the specialized accounting and financial reporting used for state and local governments. Emphasis is placed throughout on differences between private- and public-sector theory and practice.
Those who successfully complete the seminar should be able to:
- Explain why and how governmental accounting differs from business accounting;
- Select the appropriate fund to use to account for a given function or activity;
- Properly apply specialized public-sector account classifications and financial reporting terminology;
- Distinguish the accrual treatment of transactions 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 basic steps in converting fund data for inclusion in government-wide financial statements;
- Make basic budgetary journal entries and determine when a budgetary comparison is required and at what level of detail; and
- Identify the components of each of the three basic sections of a comprehensive annual financial report.