CGFM Course 2 - Governmental Accounting, Financial Reporting and Budgeting (Sections I-III Bundle)

This bundle consists of THREE online mini courses that cover the three sections of Study Guide 2, Governmental Accounting, Financial Reporting and Budgeting, 2022 edition (120-day online access from the date of bundle purchase).

Course 2 description:

This course covers the general principles of governmental accounting, financial reporting and budgeting. It also covers the unique aspects of accounting and reporting for the federal government as well as state and local governments. It is designed for accountants, auditors, budget professionals and controllers in government as well as academics and other professionals who have an interest in government. It is particularly appropriate for newly hired professionals.

Learning objectives: upon completing this course, you will have an understanding of:

• the characteristics and differences of the government environment that necessitate the unique accounting and financial reporting;
• the process of setting accounting and financial reporting standards for government entities;
• the bases of accounting and measurement focuses used by governments;
• fiscal accountability;
• exchange and nonexchange transactions;
• the uses of cost accounting in government;
• budgeting in government;
• accounting and reporting in state and local governments, including:
  • determining the financial reporting entity;
  • fund accounting and reporting;
  • governmentwide accounting and reporting;
  • accounting and reporting for specific transactions.
• accounting and reporting for the federal government, including:
  • federal budgeting;
  • budgetary accounting;
  • federal financial accounting foundations;
  • the federal financial statements, notes, and supplementary reporting;
  • accounting and reporting for specific transactions.