- NY Credits : 8.0
- TX Credits : 8.0
This interactive self-study course discusses issues related to the preparation of governmental financial statements. Lesson 1 addresses operating expenditures/expenses and liabilities (other than employee benefits). Lesson 2 examines debt and debt service.
Course Expiration Date: December 31, 2019
Please note, the grading fee for answer sheets submitted by regular mail is $105.
Identify the basic principles of governmental fund expenditures and liability recognition.
Determine appropriate strategies for dealing with claims, judgments, and risk financing in governmental financial statements.
Recognize how governmental financial statements should treat municipal landfill costs, pollution remediation obligations, and asset retirement obligations.
Identify the types of government debt and debt maturity, as well as how to report debt transactions in governmental funds, proprietary and fiduciary funds, and government-wide financial statements.
Recognize the appropriate methods for dealing with tax, revenue, and bond anticipation notes and demand bonds.
Determine how governmental financial statements should address conduit (no-commitment) debt, debt guarantees and contingent liabilities.
Lesson 1—Operating Expenditures/Expenses and Liabilities (Other than Employee Benefits)
Lesson 2—Debt and Debt Service