- NY Credits : 8.0
- TX Credits : 8.0
This interactive self-study course examines how revenue and receivables affect governmental financial statements. Lesson 1 discusses nonexchange transactions, property taxes, sales taxes, income taxes, other taxpayer-assessed taxes, and special assessments. Lesson 2 takes a look at licenses, permits, fees, fines, and forfeits; intergovernmental revenues; contributions; sales and service charges; service concession arrangements; lease revenues; other miscellaneous revenues; and sales and pledges of receivables and future revenues.
Course Expiration Date: December 31, 2019
Please note, the grading fee for answer sheets submitted by regular mail is $105.
Recognize the reporting requirements for nonexchange transactions under GASBS No. 33.
Identify the best methods to account for and report on property taxes, sales taxes, income taxes, and other taxpayer-assessed taxes.
Determine appropriate treatments for service-type and capital improvement special assessments.
Determine how licenses, permits, fees, fines, forfeits, and intergovernmental revenues are treated in governmental financial statements.
Identify how governments should account for and report on contributions, sales and service charges, and service concession arrangements.
Recognize how governments should treat lease revenues, miscellaneous revenues, and sales and pledges of receivables and future revenues.
Lesson 1—Nonexchange Transactions, Various Types of Taxes, and Special Assessments
Lesson 2—Reporting on Revenues and Receivables from Sources Other Than Taxes