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Fundamentals of Governmental Accounting and Reporting
Government
CPE Self-study

Fundamentals of Governmental Accounting and Reporting

This course offers accounting professionals that work in state and local governments and auditors of those entities a foundation in fund accounting, budgeting, and reporting.

$179 - $229
Do you have an AICPA membership? Log in to apply your member discount.

Format

Online

NASBA Field of Study

Accounting (Governmental)

Level

Basic

CPE Credits

11.5

Author(s)

Rebecca Meyer, Bruce Chase

Availability

1 year

Product Number

FGAC21SSO

 Business & partner 
Product Details

All about governmental accounting

Learn the fundamentals

Understand the purpose of governmental accounting —analyzing, recording, summarizing, reporting, and interpreting the financial transactions of governments — and how it differs from accounting for the for-profit sector.

Accountability

Learn how governments use budgets to show that they spent resources only for purposes approved by our elected officials.

Learn how governments use fund financial reports to report assets they hold that belong to others.

Details

Learn details about the construction and content of financial reports for governments of various sizes and level of services provided.

Understand how proprietary funds are used to account for a government’s business-type activities.

Understand the relationship among the government environment and GAAP; budgeting; and measurement focus and basis of accounting.

Application

See how the tenets are applied using real-life examples of a comprehensive annual financial report, financial statements, and updates of recent Governmental Accounting Standards Board standards.

Who Will Benefit

  • Accounting and finance professionals working in the state and local government environment
  • Auditors with state and local government clients who seek a refresher in fundamental governmental accounting and reporting concepts

Key Topics

  • The governmental environment and GAAP
  • Fund accounting and the financial reporting model
  • Budgeting
  • Measurement focus and basis of accounting (MFBOA)
  • Revenues and expenditures
  • Governmental, proprietary, and fiduciary funds
  • Government-wide financial statements
  • Comprehensive annual financial report
  • Special purpose governments
  • Deferred outflows of resources and deferred inflows of resources

Learning Outcomes

  • Identify unique aspects of the governmental environment.
  • Identify the governmental fund types and fund categories.
  • Apply the appropriate MFBOA to fund accounting and reporting.
  • Determine how to classify, measure, and report governmental revenues and expenditures.
  • Recognize the financial reporting structure used by governments.
  • Distinguish the format and reporting requirements for government-wide financial statements.
  • Recognize special purpose governments.
  • Identify the impact of capital assets and long-term liabilities at the fund reporting level as well as government-wide financial statement level.
Credit Info
CPE Credits
Online
11.5
NASBA Field of Study
Accounting (Governmental)
Level
Basic
Access
Online
This is a digital product. With full paid access the content will be available to you for 1 year after purchase date.
Yellow Book Hours
5
Pricing
Do you have an AICPA membership? Log in to apply your member discount.
Nonmembers
Online
$229.00
AICPA Members
Online
$179.00

Group ordering for your team

2 to 5 registrants

Save time with our group order form. We’ll send a consolidated invoice to keep your learning expenses organized.

Start order

6+ registrants

We can help with group discounts. Call us at 1-800-634-6780 (option 1) or email us at salessupport@aicpa.org

Contact us
Instructors
Rebecca Meyer
Rebecca Meyer, CPA, CGMA, is President of RAM CPA, PLLC located in Raleigh, NC and is a seasoned CPA and management accountant with more than 22 years of technical finance and leadership expertise in various aspects of attest, accounting and compliance services. Her firm specializes in collaborating with state and local governments, nonprofit organizations, small businesses, regulators, and other CPA firms to provide high quality audit, attest, accounting, finance, and compliance services. Prior to forming her own firm, Ms. Meyer worked for eleven years as a Technical Manager in the AICPA's Professional Ethics Division, where she helped to enforce the AICPA's Code of Professional Conduct by investigating allegations of violations of technical accounting and attest standards, including U.S. Generally Accepted Accounting Principles ("GAAP"), Generally Accepted Auditing Standards ("GAAS"), Generally Accepted Government Auditing Standards ("GAGAS"), Uniform Guidance, ERISA and others. In this role, she assisted in remediation and education of members to improve the overall quality of professional services performed in the industry. Ms. Meyer specializes in government, nonprofit and Single Audit engagements. Ms. Meyer is a member of the AICPA and the North Carolina Association of CPAs. She serves on the AICPA's Technical Standards Subcommittee as well as the Government Accounting and Auditing Committee and the Nonprofit Accounting and Auditing Committee of the North Carolina Association of CPAs.
Bruce Chase
Ph.D., CPA
Bruce W. Chase, professor of accounting, is in his twenty-fifth year of service at Radford University. He earned both his MBA and Ph.D. from Virginia Commonwealth University. He is also the Director of the University's Governmental and Nonprofit Assistance Center (GNAC). The GNAC provides support for the Government Finance Officers Association (GFOA) national Certified Public Finance Officer (CPFO) program. Prior to joining the faculty of Radford University, Bruce spent over 15 years in governmental and nonprofit accounting. He began his career with the Auditor of Public Accounts and then with Coopers and Lybrand. He served as Treasurer of Virginia Commonwealth University and later as chief financial officer of Southern Seminary College. Bruce has written numerous articles on governmental and nonprofit accounting and is a frequent speaker on these topics. He has authored two national educational courses dealing with governmental and nonprofit accounting for the American Institute of Certified Public Accountants (AICPA). He also does extensive training on governmental accounting and reporting issues. He was awarded the Association of Government Accountants' (AGA) National Education and Training Award in 2002, outstanding service award from the VGFOA in 2000 and the VSCPA's Broadus Award in 1997.
Accessibility

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Fundamentals of Governmental Accounting and Reporting
Select from the following options:
Online
$229.00
Nonmember Price
$229.00
Price excluding sales tax
$229.00
Do you have an AICPA membership? 
Log in to apply your member discount.
Shipping cost and sales tax will be added later during checkout

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