Course Information

Course No:  146122

Course Name:  Governmental Accounting and Reporting

Field of Study:    Accounting (Governmental)

Course Description:  

This course on accounting for governmental entities 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.

Learning objectives: After completing this section, you should be able to:

  • Identify the basic differences between governmental and private sector accounting.
  • Recognize major concepts of governmental accounting.
  • Identify basic concepts for financial reporting in governmental accounting.
  • Recognize the differences between the various governmental fund types.
  • Recognize the basic differences in financial reporting requirements of the different fund types.
  • Identify how governmental funds are reported and rules for separate reporting as major funds.
  • Recognize key elements of government-wide financial statements.

Course Material: Online Material

Program level: Basic to Intermediate

Prerequisites: None

Advance preparation: None

Type of delivery method: QAS Self-study

Recommended CPE credits:   8.0

Final examination expiration date:   The program participant will have one year from the date of purchase to complete the course and final examination.



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Web CPE is an IRS approved Continuing Education Provider. Our IRS Approved Continuing Education Provider number is YY40T.