Basic Concepts of Governmental Accounting, Financial Reporting and Auditing
Gain a primer on governmental accounting and financial reporting by reviewing auditing and internal controls, as well as governmental fund accounting and budgeting.
Understand GASB pronouncements, especially GASB 34; review published financial reports to strengthen your learning; and examine a case study on a California city that will emphasize the governmental accounting and financial reporting model.
In addition, review the new GASB Pension and OPEB Standards with class exercises that takes the actuarial accounting valuations to financial reporting and to note disclosures.
- Governmental environment: cities, counties, special districts and other agencies
- Fund accounting
- GASB 34 accounting and financial reporting
- Measurement focus and basis of accounting
- Auditing of governments: risk assessment and evaluation of internal controls
- AICPA Auditing Standards
- Generally Accepted Accounting Principles for government
- New GASB Pension and OPEB Standards
- Identify the basics of governmental accounting and financial reporting, including a review of a Comprehensive Annual Financial Report (CAFR).
- Recall and review GASB Statement No. 34.
- Recognize governmental auditing issues, including risk assessment and internal controls.
- Determine requirements for compliance audits.
- Determine the differences between governmental and business accounting.
Accountants and financial professionals.
Registration for this course has passed.
Applicable if you are a HSCPA member in good standing.
Applicable if you are not a HSCPA member.