Group On-site and Virtual Course Catalog

Course Details: CGFM Course 2: Governmental Accounting, Financial Reporting and Budgeting

Learn about the general principles, as well as unique aspects of accounting, financial reporting and budgeting for federal, state and local governments.

Learning Objectives

This course covers:

Characteristics and differences of the government environment that necessitate the unique accounting and financial reporting
Process of setting accounting and financial reporting standards for government entities
Bases of accounting and measurement focuses used by governments
Fiscal accountability
Exchange and nonexchange transactions
Budgeting and uses of cost accounting in government
Accounting and reporting in state and local governments, including fund accounting and reporting, and government-wide accounting and reporting
Accounting and reporting for the federal government, including federal financial accounting foundations, and federal financial statements, notes and supplementary reporting