GOV2437. Governmental Accounting: Back to the Basics

A refresher in the basics of governmental accounting and financial reporting, providing a plain-language overview of the contents of the financial report, the financial reporting entity, accrual versus modified accrual, government-wide versus fund reporting, exchange and nonexchange transactions, and other fundamentals.

Learning Objectives:

• Recognize basic elements of governmental accounting and financial reporting
• Identify the contents of the governmental financial reporting model
• Distinguish differences between accrual and modified accrual accounting
• Identify the types of nonexchange transactions and how they should be accounted for