Udemy

Platform

English

Language

Accounting & Bookkeeping

Category

Governmental Accounting 100

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

4.77 (136 reviews)

28150

Students

18 hours

Content

Jun 2019

Last Update
$129.99
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.


Screenshots

Governmental Accounting 100
Governmental Accounting 100
Governmental Accounting 100
Governmental Accounting 100

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



Reviews

G
Gerald22 February 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.

J
Jamey8 December 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.

P
Phillip30 November 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.

S
Stephanie6 October 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
V17 September 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.

S
Sean3 April 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.

M
Mirna28 March 2020

It's an amazing course and Iam interesting so much and also my own skills improve so much through this course

C
Cherie6 August 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

Course Indexed date
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Course Submitted by