Governmental Accounting and Reporting (8 hrs)

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Course Description

Governmental Accounting and Reporting – 8 hrs. CPE

This governmental accounting CPE course is intended to be used by anyone who would like to gain knowledge of accounting and financial reporting currently recommended for state and local governmental units. The course provides an overview of (1) the fundamental concepts underlying state and local governmental accounting and reporting, (2) the importance of budgetary accounting in government, and (3) the recognition rules and journal entries related to governmental financing. It also describes (1) the accounts and journal entries related to transactions specific to governmental entities, (2) the process of defining the governmental reporting entity, (3) the components of the comprehensive annual financial report (CAFR), (4) the reporting requirements for government- wide and fund-based financial statements, and (5) other required information in the CAFR.

Course Information

Price: $99

Course No. 7028
Format: Online pdf (193 pages). Printed book available.
Prerequisites: None
Advance Preparation: None
Level: Basic to Intermediate
CPE Credit: 8 hrs.
Field of Study: Accounting: Technical
Course expiration:  You have one year from date of purchase to complete the course.
Course Revision Date: February 2022


Chapter 1 Governmental Accounting: An Overview
After studying this chapter, you will be able to:
1. Identify unique features of the governmental environment
2. Recognize major concepts of governmental accounting.
3. Identify basic concepts for financial reporting in governmental accounting.
4. Recognize the differences between the various governmental fund types.

Chapter 2 Special Funds and Financial Reporting
After studying this chapter, you will be able to:
1. Recognize the basic differences in financial reporting requirements of the different fund types.
2. Identify how governmental funds are reported and rules for separate reporting as major funds.
3. Recognize key elements of government-wide financial statements.


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