Description: This course describes the unique aspects of government and how those aspects differ from the private sector and nonprofit organizations. It is designed for accountants, auditors, budget professionals and controllers in government, as well as academics and other professionals who have an interest in government. It is particularly appropriate for newly hired professionals and those studying for their CGFM exams.

Learning Objectives

• Upon completing this course, you will have an understanding of:

• electronic services in government.

• how governments are organized and structured;

• the legally-based implications of government financial environment;

• the importance of the budget in government;

• the management cycle, and how the various stages are interrelated;

• how governments are financed;

• the role and structure of taxes;

• the purposes for issuing debt;

• what it means to be publicly accountable;

Program level: Basic

Delivery method: Group internet-based (virtual) or group-live (in person)

Course prerequisite: None

Advance prep: Review the CGFM examinations content outlines

CPE credit: 8

Field of study: Finance

Description:

This course covers the general principles of governmental accounting, financial reporting and budgeting. It also covers the unique aspects of accounting and reporting for the federal government as well as state and local governments. It is designed for accountants, auditors, budget professionals and controllers in government as well as academics and other professionals who have an interest in government. It is particularly appropriate for newly hired professionals and those studying for their CGFM exams.

Learning objectives:

• Upon completing this course, you will have an understanding of:

• accounting and reporting for specific transactions.

• the characteristics and differences of the government environment that necessitate the unique accounting and financial reporting;

• the process of setting accounting and financial reporting standards for government entities;

• the bases of accounting and measurement focuses used by governments;

• fiscal accountability;

• exchange and nonexchange transactions;

• the uses of cost accounting in government;

• budgeting in government;

• accounting and reporting in state and local governments, including:

• determining the financial reporting entity;

• fund accounting and reporting;

• governmentwide accounting and reporting;

• accounting and reporting for specific transactions.

• accounting and reporting for the federal government, including:

• federal budgeting;

• budgetary accounting;

• federal financial accounting foundations;

• the federal financial statements, notes, and supplementary reporting;

Program level: Intermediate

Delivery method: Group internet-based (virtual) or group live (in person)

Course prerequisite: None

Advance prep: Review the CGFM examinations content outlines

CPE credit: 21 (virtual) or 24 (in-person)

Field of study: Accounting (Governmental)

Description: This course covers various financial management functions and controls required of government financial managers, including internal control, auditing, performance measurement, financial analysis techniques and specific financial management practices used in government. It is designed for accountants, auditors, budget professionals and controllers in government as well as academics and other professionals who have an interest in government. It is particularly appropriate for newly hired professionals and those studying for their CGFM exams.

Learning objectives:

Upon completing this course, you will have an understanding of:

• the basics of cash management and investment management;
• managing credit programs and collecting government debts;
• procurement in government;
• inventory and supply management systems;
• financial management systems;
• applying various financial and managerial analysis techniques;
• objectives of internal control, including GAO and COSO objectives;
• considerations and risks involving internal control;
• how to apply internal controls;
• the responsibilities of management and auditors for internal control;
• components of internal control;
• evaluating internal controls;
• objectives and uses of performance measures;
• elements and characteristics of performance measures;
• types of government audits and their objectives;
• standards for auditors and audits;
• the responsibilities of management and auditors in the audit process;
• components of the Single Audit Act.

Program level: Intermediate

Delivery method: Group internet-based (virtual) or group live (in person)

Course prerequisite: None

Advance prep: Review the CGFM examinations content outlines

CPE credit: 16

Field of study: Auditing (Governmental)