4.39 out of 5
4.39
123 reviews on Udemy

Governmental Accounting 100

Fund accounting-governmental accounting-General Fund & government-wide activity transactions-modified accrual method
Instructor:
Robert (Bob) Steele
24,266 students enrolled
English [Auto]
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

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.

Introduction

1
Introduction
2
PDF - 105 Governmental Accounting Objectives
3
105 Governmental Accounting Objectives
4
PDF - 106 Governmental Accounting vs Not-For-Profit Accounting
5
106 Governmental Accounting vs Not-For-Profit Accounting
6
PDF -107 Does Non-Profit Mean Money Does Not Matter
7
107 Does Non-Profit Mean Money Does Not Matter
8
Multiple Choice Questions – Governmental Accounting A1
9
Accounting Comic Break

Governmental Accounting Objectives & Reporting Requirements

1
2 Governmental Accounting Objectives & Reporting Requirements
2
PDF - 110A Governmental Accounting Objectives
3
110A Governmental Accounting Objectives
4
PDF - 125A Government Financial Reporting Requirements
5
125A Government Financial Reporting Requirements
6
PDF - 130A Federal Government Financial Reporting Overview
7
130A Federal Government Financial Reporting Overview
8
Multiple Choice Questions – Governmental Accounting A2
9
Discussion Question A1
10
Accounting Comic Break

State & Local Governmental Accounting Principles & Financial Reporting

1
3 State & Local Governmental Accounting Principles & Financial Reporting
2
PDF - 140B State & Local Governmental Accounting Objectives, Primary Users, &
3
140B State & Local Governmental Accounting Objectives, Primary Users, & Useful
4
PDF - 150B State & Local Governmental Accounting Supplemental Information
5
150B State & Local Governmental Accounting Supplemental Information
6
PDF - 160B State & Local Governmental Accounting Elements of Financial Statement
7
160B State & Local Governmental Accounting Elements of Financial Statements
8
PDF - 170B State & Local Governmental Accounting Financial Reporting Model
9
170B State & Local Governmental Accounting Financial Reporting Model
10
PDF - 180B State & Local Governmental Accounting Fund Reporting
11
180B State & Local Governmental Accounting Fund Reporting
12
Multiple Choice Questions – Governmental Accounting A3
13
Discussion Question A4
14
Accounting Comic Break

Record Transactions for Budgetary Accounts & Encumbrances

1
4 Record Transactions for Budgetary Accounts & Encumbrances
2
PDF - 3022 Estimated Revenues & Expenditures
3
3022 Estimated Revenues & Expenditures
4
Excel Worksheet Download
5
Worksheet - 3022 Estimated Revenues & Expenditures
6
PDF - 3023 Encumbrances
7
3023 Encumbrances
8
Excel Worksheet Download
9
Worksheet - 3023 Encumbrances
10
PDF - 3024 Encumbrances, Expenditures, & Subsidiary Ledgers
11
3024 Encumbrances, Expenditures, & Subsidiary Ledgers
12
Excel Worksheet Download
13
Worksheet - 3024 Estimates, Encumbrances & Expenditures
14
PDF - 3027 Statement of Activities
15
3027 Statement of Activities
16
Excel Worksheet Download
17
Worksheet - 3027 Statement of Activities
18
Multiple Choice Questions – Governmental Accounting B4
19
Discussion Question A5
20
Accounting Comic Break

Governmental Operating Statement Accounts & Budgetary Accounts

1
5 Governmental Operating Statement Accounts & Budgetary Accounts
2
PDF - 190C Governmental Operating Statement Accounts Government-Wide Expenses &
3
190C Governmental Operating Statement Accounts Government-Wide Expenses & Revenu
4
PDF - 200C Governmental Funds Characteristics
5
200C Governmental Funds Characteristics
6
PDF - 210C Budgetary Accounts
7
210C Budgetary Accounts
8
PDF - 220C Fund Balance Sheet & Operating Statement Accounts Budgetary Accounts
9
220C Fund Balance Sheet & Operating Statement Accounts Budgetary Accounts
10
PDF - 230C Revenue Sources & Classifications
11
230C Revenue Sources & Classifications
12
PDF - 240C Encumbrances & Expenditures
13
240C Encumbrances & Expenditures
14
Multiple Choice Questions – Governmental Accounting B5
15
Discussion Question A6
16
Accounting Comic Break

Record Transactions for Encumbrances, Expenditures, & Delinquent Receivables

1
6 Record Transactions for Encumbrances, Expenditures, & Delinquent Receivables
2
PDF - 4018 Encumbrances & Expenditures
3
4018 Encumbrances & Expenditures
4
Excel Worksheet Download
5
Worksheet - 4018 Encumbrances & Expenditures
6
PDF - 4019 Deferred Inflows & Delinquent Receivables
7
4019 Deferred Inflows & Delinquent Receivables
8
Excel Worksheet Download
9
Worksheet - 4019 Receivables Delinquent & Differed Inflows
10
Multiple Choice Questions – Governmental Accounting B6
11
Discussion Question A7
12
Accounting Comic Break

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

1
7 Record Revenue Transactions in Both the General Fund & Government Wide Level
2
PDF - 4020 Revenue General Fund & Government Wide
3
4020 Revenue General Fund & Government Wide
4
Excel Worksheet Download
5
Worksheet - 4020 Revenue General Fund & Government Wide
6
Multiple Choice Questions – Governmental Accounting B7
7
Discussion Question A8
8
Accounting Comic Break

Record Tax Anticipation Note & Closing Entries

1
8 Record Tax Anticipation Note & Closing Entries
2
PDF - 4021 Tax Anticipation Note
3
4021 Tax Anticipation Note
You can view and review the lecture materials indefinitely, like an on-demand channel.
Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don't have an internet connection, some instructors also let their students download course lectures. That's up to the instructor though, so make sure you get on their good side!
4.4
4.4 out of 5
123 Ratings

Detailed Rating

Stars 5
51
Stars 4
37
Stars 3
23
Stars 2
4
Stars 1
6
a07d40390f17dd0814cf6b3f8f704429
Course available for 1 day
30-Day Money-Back Guarantee

Includes

18 hours on-demand video
Full lifetime access
Access on mobile and TV
Certificate of Completion

External Links May Contain Affiliate Links read more

Join our Telegram Channel To Get Latest Notification & Course Updates!
Join Our Telegram For FREE Courses & Canva PremiumJOIN NOW