- NY Credits : 3.0
- TX Credits : 3.0
Preparing governmental financial statements takes special knowledge in fund accounting. The Governmental Accounting Standards Board (GASB) issues specific pronouncements for guidance and regulation of governmental financial statements and this course references the applicable standards. This course steps through the different categories and types of funds with an overview of the basics of each fund then presents interfund activity and balances as well as interfund loans.
Included with subscription(s):
Upon successful completion of this course, the user should be able to:
recognize the nuances of fund accounting for the purpose of preparing governmental financial statements;
identify elements of interfund activity and balances; and
determine how to properly record interfund loans.