- NY Credits : 8.0
- TX Credits : 8.0
Companion to PPC's Guide to Preparing Governmental Financial Statements - Course 1 - Operating Expenditures/Expenses and Liabilities (Other Than Employee Benefits) and Debt and Debt Service (GFSTG171)
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.
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