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Basic Concepts of Governmental Accounting, Financial Reporting and Auditing

04.25.18 9:30AM – 04.25.18 5:00PM

Details

Credits
8.00

Level
Basic

Fees

Member Fee
$245.00

Nonmember Fee
$375.00

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General Info

Description

Gain a primer on governmental accounting and financial reporting by reviewing auditing and internal controls, as well as governmental fund accounting and budgeting. Understand GASB pronouncements, especially GASB 34; review published financial reports to strengthen your learning; and examine a case study on a California city that will emphasize the governmental accounting and financial reporting model.

In addition, review the six new GASB pension standards with a class exercise that takes the actuarial accounting valuation to journal entries, to reconciliations, to financial reporting and to note disclosures.

Materials are provided as an ebook for this course.

Highlights
  • Governmental environment: cities, counties, special districts and other agencies
  • Fund accounting
  • Budgeting
  • GASB 34 accounting and financial reporting
  • Measurement focus and basis of accounting
  • Auditing of governments: risk assessment and evaluation of internal controls
  • AICPA Auditing Standards
  • Generally Accepted Accounting Principles for government
  • New GASB pension standards
Objectives
  • Identify the basics of governmental accounting and financial reporting, including a review of a Comprehensive Annual Financial Report.(CAFR)
  • Recall and review GASB Statement No. 34.
  • Recognize governmental auditing issues, including risk assessment and internal controls.
  • Determine requirements for compliance audits.
  • Determine the differences between governmental and business accounting.
Designed For

Professionals in government and public accounting who are interested in a basic understanding of governmental accounting and financial reporting and auditing.

Vendor
CalCPA Education Foundation
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