- NY Credits : 3.0
- TX Credits : 3.0
Why don't governments use the commercial model of accounting? In addition to answering this question, this program tackles unique challenges for governmental accounting, such as grants management, internal controls, audit requirements, and Service Efforts and Accomplishments reporting.
Upon successful completion of this course, the user should be able to:
recognize what is involved with the integration of the budget with the accounting system,
identify the requirements for nonexchange transactions,
recognize the accounting principles for sales and pledges of receivables and future revenues,
determine how revenues and expenditures affect fund balance,
identify the primary government reporting and the relationship with component units,
identify major characteristics of a grant management system,
recognize key provisions of the guidance for government combinations and disposals of government operations,
identify relevant internal controls for a governmental entity, and
identify the fundamental elements of service efforts and accomplishments reporting.