Description

Federal departments and agencies operate in accordance with laws and regulations.  The Constitution and a patchwork of laws dating to the early 1900s provide the foundation for financial operations and reporting. General familiarity with this foundation is essential for all financial managers and auditors working in the federal government arena.

This course introduces the foundation by explaining the relevant constitutional clauses and key legislation, as well as the regulations promulgated by central agencies. Central agencies are those responsible for directing and overseeing government operations—the Office of Management and Budget, the U.S. Department of the Treasury, and the Government Accountability Office.  

This course is designed for financial professionals at all levels and would be suitable for non-financial professionals as well. 

Learning Objectives

After completion of this course, participants will be able to:

• identify essential legal requirements relevant to financial management and reporting,
• comprehend the role of central agencies, and
• research issues related to regulations.

CPE Details:

Prerequisites: none

Program level: basic

Advance preparation: none

Delivery method: QAS Self Study

Field of study: Accounting (Governmental)

AGA is registered is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website at www.nasbaregistry.org. National Registry of CPE Sponsor ID: 104201.

Course access:

Online access is required to view this course, and videos may not be downloaded. Access to this course will expire 90 days from the date of purchase or if the final assessment is taken three times.