Basic Concepts Of Governmental Accounting, Financial Reporting And Auditing

Course Details


Tuesday, January 28, 2020

4:30am – 12:00am
(Registration: 4:00am)

Field of Study

Accounting (Governmental)

Course Number


CPE Credit

8.0 hours CPE credit

Level of Knowledge



CalCPA Education Foundation




Gain a basic understanding 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 GASB Pension and OPEB  Standards with class exercises that takes the actuarial accounting valuations to financial reporting and to note disclosures.

Materials are provided as an ebook for this course.


  • Governmental environment: cities, counties, special districts and other agencies
  • Fund accounting
  • Budgeting
  • GASB 34 accounting and financial reporting
  • Measurement focus and basis of accounting
  • Auditing of governments: risk assessment; evaluation of internal controls and the Financial Reporting Entity
  • AICPA Auditing Standards
  • Generally Accepted Accounting Principles for government
  • GASB Pension and OPEB Standards including the "Implicit Rate Subsidy"
  • Review GASB's Preliminary Views on Financial Reporting Model Improvements (September 2018)


  • 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, Basic Financial Statements—and Management's Discussion and Analysis—for State and Local Governments.
  • Recognize governmental auditing issues, including risk assessment and internal controls and the Financial Reporting Entity.
  • Determine requirements for compliance audits.
  • Determine the differences between governmental and business accounting and financial reporting.

Designed For

Professionals in government and public accounting.

Registration for this course has passed.

Course Pricing

Member Fee

Applicable if you are a HSCPA member in good standing.

Non-Member Fee

Applicable if you are not a HSCPA member.

Your Price $375.00

CPE Choice

Learn more about CPE Choice.
This course does not qualify for CPE Choice.

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