Introduction to Governmental Accounting (2 hours)

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Overview

Governmental accounting differs significantly from other forms of accounting and requires a distinct approach to financial reporting. This course introduces the foundational principles of governmental accounting, including fund accounting concepts and the modified accrual basis of accounting.

Participants will explore the structure and purpose of governmental fund financial statements and government-wide financial statements, gaining clarity on their objectives, layouts, and key elements. The course also addresses essential topics such as component units, the role and structure of Management's Discussion and Analysis (MD&A), and the preparation and significance of the Annual Comprehensive Financial Report (ACFR).

Designed for those new to governmental accounting—or those seeking a refresher-this course provides a solid foundation for understanding and applying governmental financial reporting principles. The course has been updated to reflect recent guidance issued by the Governmental Accounting Standards Board, including GASB Statements 101-105.

YELLOW BOOK: Qualifies for Yellow Book CPE based on your unique audited entity.

Highlights

Foundational principles of governmental accounting
Fund accounting concepts
Modified accrual basis of accounting
Governmental fund financial statements
Government-wide financial statements
Component units in governmental reporting

Designed For

All accounting/auditing professionals

Objectives

Recall the requirements of governmental financial reporting
Recognize organizations that follow governmental financial reporting standards
Identify key elements of governmental financial statements
Identify appropriate fund classifications used in governmental accounting
Identify requirements for an entity to be considered a component unit
Recognize the components of net position for different governmental fund types

Notice

“Adding to Calendar” does not register you for this event. Please either register online by clicking “Add to Cart” or contacting OSCPA at 503-641-7200 / 800-255-1470, ext. 3. Thank you!