Courses Introduction to Governmental Accounting Basic Principles for Beginners 2024 Governmental accounting, including the financial transactions of fund accounting, with an emphasis on the general fund and broad government activities.
We will work on many typical problems as we learn the material, recording transactions in a trial balance, so we can see how the accounts work. Many government accounts are new to many learners, and we will use accounting methods other than just the accrual method. Recording transactions and seeing a trial balance will be very helpful in learning the material and is something that is missing in most courses on this topic.
How to Use Technology Effectively in Government Accounting Practices
We will discuss the objectives of government accounting and reporting requirements, and compare them to for-profit entities. The course will assume that we are familiar with for-profit accounting, so we will focus on the different areas of government accounting, although we will still work with basic concepts such as the double-entry accounting system.
Learners and instructors will study the principles of state and local government accounting and financial reporting.
We will record transactions for the balance sheet and charge accounts. Recording balance sheet accounts will be new to many learners familiar with financial accounting, but we will use double-entry principles in this process.
The course will explain and analyze government operating accounts and budget accounts.
Learners and teachers will record transactions for debts, expenses, and past due accounts. We will emphasize when the modified accrual method will be used, and what the differences are in recording financial transactions when using it, compared to the accrual method.
Training courses Introduction to Governmental Accounting
We will record revenue transactions both in the general fund and at the government-wide level.
The course will cover tax forecast notes and how to record them under the modified accrual method.
Learners and teachers will learn many examples of the closing process and temporary closing of accounts. We will compare the closing process for government entities to the closing process in profit accounting.
We will study how to create sub-books related to revenues, estimated revenues, allocations, charges, and expenses.
The course will provide examples of recording supplies using the consumption method and the purchase method, explaining the differences between the two.
