Governmental GAAP: Introduction to Government Accounting
Author: Diane Edelstein
| CPE Credit: |
2 hours for CPAs |
This two CPE hour course introduces you to generally accepted accounting principles (GAAP) that apply to a state or local government: why it exists, who makes it, where you can find it, who must apply it, and what it is based on.
Publication Date: August 2019
Topics Covered
- What is a government and what makes them different?
- What is the basis of accounting and measurement focus?
- What is a fund and what is recorded in it?
- Other Areas of Note
Learning Objectives
- Recognize how GAAP applies to a state or local government
- Identify why GAAP exists, who makes it, where you can find it, who must apply it, and what is it based on
- Identify distinguishing characteristics of a government
- Recognize which types of fund uses are applied to various scenarios
- Describe which revenues may be easier recognized when cash is actually received, as a matter of practicality
- Identify distinguishing characteristics of a business
- Identify a commitment related to an unperformed contract for goods or services
- Describe CAFR
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Accounting (Governmental) (2 hours)
Program Prerequisites
None
Advance Preparation
None
