Intermediate Governmental Accounting

Federal Way, Washington
Tuesday, October 10, 2017
Intermediate Governmental Accounting
Tuesday, October 10, 2017 8:00 AM - 5:00 PM (Pacific Time)

Dumas Bay Centre
3200 SW Dash Point Rd
Federal Way, Washington 98023
United States

Map and Directions

Presenter(s): Sue Iverson, Tom Kelly

This class will include:  GAAP; fund accounting; capital assets; basis of accounting; budgetary accounting; and financial reporting.  It includes the conversion of fund financial statements to government-wide financial statements and fund balance designations.  This class assumes individuals have an understanding of basic governmental accounting or limited accounting training. 

Section 1:            OVERVIEW AND INTRODUCTION

Section 2:            THE GASB AND AUTHORITATIVE HIERARCHY OF GOVERNMENT ACCOUNTING AND FINANCIAL REPORTING

Section 3:            FUND ACCOUNTING

Section 4:            THE CLASSIFICATION OF GOVERNMENT TRANSACTIONS

Section 5:            GOVERNMENTAL FUND TYPES

Section 6:            PROPRIETARY FUNDS

Section 7:            FIDUCIARY FUNDS

Section 8:            THE REPORTING ENTITY

Section 9:            BASIC STRUCTURE OF FINANCIAL REPORTING

Section 10:          THE BASIC FINANCIAL STATEMENTS

Section 11:          BUDGETARY ACCOUNTING AND FINANCIAL REPORTING

Section 12:          NOTES TO THE BASIC FINANCIAL STATEMENTS

Section 13:          CONVERTING DATA FROM FUND FINANCIAL STATEMENTS TO GOVERNMENT-WIDE FINANCIAL STATEMENTS

Appendix A:       CITY OF ARDEN HILLS, MINNESOTA FINANCIAL STATEMENTS

APPENDIX B:      MAJOR FUND CALCULATION

APPENDIX C:      GOVERNMENT-WIDE CONVERSION

There are many exercises in this class so the participant really understands the difference between private sector and public sector (FASB & GASB).  It is like an intermediate accounting course – only heavily focused on governmental – modified accrual accounting and enterprise accounting.  This course will take participant through the financial statements and the conversion to government-wide statements.  Hands on and a good foundation on governmental accounting and the differences between private and public sectors and “why”.



CPE:
 8 hours

Registration fee: $125 (includes lunch)

 

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