Governmental Accounting 100

Fund accounting-governmental accounting-General Fund & government-wide activity transactions-modified accrual method

4.55 (246 reviews)
Udemy
platform
English
language
Accounting & Bookkeeping
category
44,953
students
18 hours
content
Jun 2019
last update
$119.99
regular price

What you will learn

Governmental Accounting Objectives & Reporting Requirements

Fund Accounting Foundations

State & Local Governmental Accounting Principles & Financial Reporting

How to Record Transactions for Budgetary Accounts & Encumbrances

How to Create & Analyze Governmental Operating Statement Accounts & Budgetary Accounts

How to Record Transactions for Encumbrances, Expenditures, & Delinquent Receivables

How to Record Revenue Transactions in Both the General Fund & Government Wide Level

How to Record Tax Anticipation Note & Closing Entries

How to Record Transactions to Both the General Fund & Government Wide Level

Go to Create Subsidiary Ledgers

How to Record Supplies Inventory – Consumption Method & Purchases Method

Description

Governmental accounting, including fund accounting financial transactions, focusing on the general fund and government-wide activities.

We will work through many example problems as we learn the material, posting transactions to a trial balance, so we can see how accounts behave. Many governmental accounts are new to many learners, and we will be using different accounting methods than just an accrual method. Posting transactions and seeing a trial balance will be very helpful in learning the material and is something lacking in most courses on the subject.

We will discuss the governmental accounting objectives and reporting requirements, comparing them to for-profit entities. The course will assume we are familiar with for-profit accounting and will, therefore, focus on the areas of governmental accounting that are different, although we will continue to work with core concepts like the double entry accounting system.

Learners and instructor will examine state and local governmental accounting principles & financial reporting.

We will record transactions for budgetary accounts & encumbrances. Recording budgetary accounts will be new for many learners familiar with financial accounting, but we will use double entry accounting principles for the process.

The course will explain and analyze governmental operating statement accounts & budgetary accounts.

Learners and instructor will record transactions for encumbrances, expenditures, & delinquent receivables. We will emphasize when a modified accrual method will be used, and what the differences in recording financial transactions will be when used, as compared to an accrual method.

We will record transactions related to revenue in both the General Fund and at the government-wide activities level.

The course will discuss tax anticipation notes and how they will be recorded under a modified accrual method.

Learners and instructor will explore many examples of the closing process, closing out temporary accounts. We will compare the closing process for governmental entities to the closing process in for-profit accounting.

We will examine how to create subsidiary ledgers related to revenue, estimated revenue, appropriations, encumbrances, and expenditures.

The course will provide examples of recording supplies using the consumption method and purchases method, explaining the differences between the two.

Content

Introduction

Introduction
PDF - 105 Governmental Accounting Objectives
105 Governmental Accounting Objectives
PDF - 106 Governmental Accounting vs Not-For-Profit Accounting
106 Governmental Accounting vs Not-For-Profit Accounting
PDF -107 Does Non-Profit Mean Money Does Not Matter
107 Does Non-Profit Mean Money Does Not Matter
Multiple Choice Questions – Governmental Accounting A1
Accounting Comic Break

Governmental Accounting Objectives & Reporting Requirements

2 Governmental Accounting Objectives & Reporting Requirements
PDF - 110A Governmental Accounting Objectives
110A Governmental Accounting Objectives
PDF - 125A Government Financial Reporting Requirements
125A Government Financial Reporting Requirements
PDF - 130A Federal Government Financial Reporting Overview
130A Federal Government Financial Reporting Overview
Multiple Choice Questions – Governmental Accounting A2
Accounting Comic Break

State & Local Governmental Accounting Principles & Financial Reporting

3 State & Local Governmental Accounting Principles & Financial Reporting
PDF - 140B State & Local Governmental Accounting Objectives, Primary Users, &
140B State & Local Governmental Accounting Objectives, Primary Users, & Useful
PDF - 150B State & Local Governmental Accounting Supplemental Information
150B State & Local Governmental Accounting Supplemental Information
PDF - 160B State & Local Governmental Accounting Elements of Financial Statement
160B State & Local Governmental Accounting Elements of Financial Statements
PDF - 170B State & Local Governmental Accounting Financial Reporting Model
170B State & Local Governmental Accounting Financial Reporting Model
PDF - 180B State & Local Governmental Accounting Fund Reporting
180B State & Local Governmental Accounting Fund Reporting
Multiple Choice Questions – Governmental Accounting A3
Accounting Comic Break

Record Transactions for Budgetary Accounts & Encumbrances

4 Record Transactions for Budgetary Accounts & Encumbrances
PDF - 3022 Estimated Revenues & Expenditures
3022 Estimated Revenues & Expenditures
Excel Worksheet Download
Worksheet - 3022 Estimated Revenues & Expenditures
PDF - 3023 Encumbrances
3023 Encumbrances
Excel Worksheet Download
Worksheet - 3023 Encumbrances
PDF - 3024 Encumbrances, Expenditures, & Subsidiary Ledgers
3024 Encumbrances, Expenditures, & Subsidiary Ledgers
Excel Worksheet Download
Worksheet - 3024 Estimates, Encumbrances & Expenditures
PDF - 3027 Statement of Activities
3027 Statement of Activities
Excel Worksheet Download
Worksheet - 3027 Statement of Activities
Multiple Choice Questions – Governmental Accounting B4
Accounting Comic Break

Governmental Operating Statement Accounts & Budgetary Accounts

5 Governmental Operating Statement Accounts & Budgetary Accounts
PDF - 190C Governmental Operating Statement Accounts Government-Wide Expenses &
190C Governmental Operating Statement Accounts Government-Wide Expenses & Revenu
PDF - 200C Governmental Funds Characteristics
200C Governmental Funds Characteristics
PDF - 210C Budgetary Accounts
210C Budgetary Accounts
PDF - 220C Fund Balance Sheet & Operating Statement Accounts Budgetary Accounts
220C Fund Balance Sheet & Operating Statement Accounts Budgetary Accounts
PDF - 230C Revenue Sources & Classifications
230C Revenue Sources & Classifications
PDF - 240C Encumbrances & Expenditures
240C Encumbrances & Expenditures
Multiple Choice Questions – Governmental Accounting B5
Accounting Comic Break

Record Transactions for Encumbrances, Expenditures, & Delinquent Receivables

6 Record Transactions for Encumbrances, Expenditures, & Delinquent Receivables
PDF - 4018 Encumbrances & Expenditures
4018 Encumbrances & Expenditures
Excel Worksheet Download
Worksheet - 4018 Encumbrances & Expenditures
PDF - 4019 Deferred Inflows & Delinquent Receivables
4019 Deferred Inflows & Delinquent Receivables
Excel Worksheet Download
Worksheet - 4019 Receivables Delinquent & Differed Inflows
Multiple Choice Questions – Governmental Accounting B6
Accounting Comic Break

Record Revenue Transactions in Both the General Fund & Government Wide Level

7 Record Revenue Transactions in Both the General Fund & Government Wide Level
PDF - 4020 Revenue General Fund & Government Wide
4020 Revenue General Fund & Government Wide
Excel Worksheet Download
Worksheet - 4020 Revenue General Fund & Government Wide
Multiple Choice Questions – Governmental Accounting B7
Accounting Comic Break

Record Tax Anticipation Note & Closing Entries

8 Record Tax Anticipation Note & Closing Entries
PDF - 4021 Tax Anticipation Note
4021 Tax Anticipation Note
Excel Worksheet Download
Worksheet - 4021 Tax Anticipation Note
PDF - 4022 Closing Entries General Fund
4022 Closing Entries General Fund
Excel Worksheet Download
Worksheet - 4022 Closing Entries – General Fund
Multiple Choice Questions – Governmental Accounting B8
Accounting Comic Break

Record Transactions to Both the General Fund & Government Wide Level

9 Record Transactions to Both the General Fund & Government Wide Level
PDF - 4024 General Fund & Government Wide Activity
4024 General Fund & Government Wide Activity
Excel Worksheet Download
Worksheet - 4024 General & Governmental Wide Activity Part 1
Worksheet - 4024 General & Governmental Wide Activity Part 2
Multiple Choice Questions – Governmental Accounting B9
Accounting Comic Break

Subsidiary Ledgers

10 Subsidiary Ledgers
PDF - 4025 Subsidiary Ledgers Revenue & Estimated Revenue
4025 Subsidiary Ledgers Appropriations, Expenditures, & Encumbrances
PDF 4025 Subsidiary Ledgers Appropriations, Expenditures, & Encumbrances
4025 Subsidiary Ledgers Revenue & Estimated Revenue
Multiple Choice Questions – Governmental Accounting B10
Multiple Choice Questions – Governmental Accounting B13
Accounting Comic Break

Supplies Inventory – Consumption Method & Purchases Method

11 Supplies Inventory – Consumption Method & Purchases Method
PDF - 4026 Supplies Inventory Consumption Method
4026 Supplies Inventory Consumption Method
PDF - 4026.5 Supplies Inventory Purchases Method
4026.5 Supplies Inventory Purchases Method
PDF - 4026.7 Supplies Inventory Purchases Method vs Consumption Method
4026.7 Supplies Inventory Purchases Method vs Consumption Method
Excel Worksheet Download
Worksheet - 4026 Consumption Method vs Purchases Method
PDF - 4026.9 Supplies Inventory Government Wide
4026.9 Supplies Inventory Government Wide
PDF - 4027 Financial Statements General Fund
4027 Financial Statements General Fund
Multiple Choice Questions – Governmental Accounting B11
Multiple Choice Questions – Governmental Accounting B12
Accounting Comic Break

Comprehensive Problem

12 Comprehensive Problem
Excel Worksheet Download
Worksheet G1
Excel Worksheet Download
Worksheet G2
Excel Worksheet Download
Worksheet G3
Excel Worksheet Download
Worksheet G4
Worksheet G4.5
Excel Worksheet Download
Worksheet G5
Worksheet G5.5
Excel Worksheet Download
Worksheet G6
Excel Worksheet Download
Worksheet G7
Excel Worksheet Download
Worksheet G8
Excel Worksheet Download
Worksheet G9
Excel Worksheet Download
Worksheet G10

Screenshots

Governmental Accounting 100 - Screenshot_01Governmental Accounting 100 - Screenshot_02Governmental Accounting 100 - Screenshot_03Governmental Accounting 100 - Screenshot_04

Reviews

Patricia
September 7, 2022
Very good explanations, I work in a government environment of accounting and exactly the processes I use. But slides are small on your phone, hard to read at times.
Christopher
August 16, 2021
The speaker makes it very clear that even a CPA with almost 30 years of experience is walking into a new world when the person is revisiting fund accounting.
Gerald
February 22, 2021
It is a good course to take because I’m interested in all entities of accounting. This is not an exception. Governmental accounting can be hard, but I understand more easily due to Bob’s knowledge.
Jamey
December 8, 2020
I'm definitely going to need to go through the slides again, as there is a lot to unpack here, but I'm enjoying it.
Phillip
November 30, 2020
I am working on a municipal government project the will involve governmental accounting; this course will assist me with a better understanding of municipal financial concepts (CFRS) in order to communicate with stakeholders.
Stephanie
October 6, 2020
Yes. I am a visual learner and need to hear explanations more than once. I like the approach of the teaching and the repetition.
V
September 17, 2020
The Course was very detailed, met and exceeded my expectations in some cases. I appreciated the lessons closely followed by the live applications or rather modeled demonstrations. I appreciated the application of knowledge in the downloadable excel spreadsheets the most and found those to be extremely helpful.
Sean
April 3, 2020
The presentations are not very engaging, the instructor is repetitive, and the instructor never made a connection between the exercises and how they would look in the real world. It would be easy to find real-life examples of financial documents and statements from state governments, for example (Fund Reports, CAFRs, etc) but the instructor just tells you that they exist. I purchased this course in advance of some work that I need to do as a state government employee but I am disappointed.
Mirna
March 28, 2020
It's an amazing course and Iam interesting so much and also my own skills improve so much through this course
Cherie
August 6, 2019
I'm in Governmental Accounting and wish that he wouldn't keep referring to the difference between the two types, just teach GA from that point of view.

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2419864
udemy ID
6/19/2019
course created date
6/27/2019
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