Accounting for Revenues in Government (Emphasis on Non-Exchange Transactions)
Overview
Learning Objectives
After completing this course, the learner should be able to:
- Identify principles for revenue recognition using modified accrual accounting in governmental funds and contrast them to accrual accounting principles
- Recognize categories of transactions used to identify non-exchange transactions in government and associated recognition criteria
- Apply time and eligibility requirements for recognition of specific derived tax revenues
- Apply time and eligibility requirements for recognition of specific imposed non-exchange revenues
- Apply time and eligibility requirements for recognition of specific government-mandated and voluntary non-exchange revenues
- Apply modified accrual revenue recognition principles to specific exchange and exchange-like transactions
Details
- Field of Study
- Accounting (Governmental)
- Credits
- 3.5 Credits
- Provider
- Becker Professional Education
- Knowledge Level
- Intermediate
- Advanced Preparation
None
- Course ID
- 36572/42720
- Publication Date
- 08/31/2026
- Planned Expiration
- 12/31/2027
- Prerequisites
Basic understanding of governmental accounting and appropriate Public or Governmental accounting experience
Instructor
Tom Cox CPA, CMA
Tom Cox is a controller for Public Risk Underwriters of Florida, Inc. (PRU), a Brown & Brown subsidiary that offers accounting and underwriting support to the Preferred Governmental Insurance Trust, a public entity risk pool providing property and casualty insurance to local governments in Florida. Prior to joining PRU, Tom’s experience includes nearly twenty years as the chief financial officer of the Act, Corp., a not-for-profit community mental heath center in Daytona Beach, and, before that, about ten years at Ernst & Young where he was an audit manager specializing in governmental and not-for profit accounting and auditing.
Tom has also been an instructor for Becker Professional Review in Orlando since 1990 and been involved with various elements of either course editing and updates or course development since 1991 including governmental auditing. A senior faculty member for the course, Tom’s duties have also included national instructor for various elements of the review program and both presentation and development of continuing professional education courses. He is a 1978 graduate of Stetson University, a member of the Institute of Management Accountants since 1980 and a member of both the American and Florida Institutes of Certified Public Accountants since 1982. Tom is a Certified Public Accountant (CPA) and a Certified Management Accountant (CMA).
Education
- Stetson University: Bachelor's of Business Administration
Teaching & Instruction
Business
Organizations
What do you love about Becker?
"The opportunity to help young and seasoned professionals achieve their goals. It is particularly gratifying to get notification of a new CPA or CMA who announces their success and acknowledges that you have helped them achieve this life-changing accomplishment."
What would you tell an accounting student today?
"The accounting profession and accounting careers offer the stability, flexibility, and financial rewards that are worth pursuing. And even if the degree or credential takes you in another direction, the knowledge you earn benefits you, your family, and our society. Life is always better when you understand how the money works. And if you get the double meaning, you are on your way to understanding the significance of what you learning how to do."
Becker fun facts
- I am an Alaskan native! (courtesy of my father's military career)
- I love bicycling and have taken the opportunity to cycle in a number of European countries (Holland, France, Germany, and Italy) as well as some great destinations in the US (Maryland's Eastern Shore and Martha's Vineyard)
- I eat three apples every day (since 1990) after Newt Becker introduced me to the "Save Your Life Diet"
Accreditations
- 1 year course access
- NASBA-approved content
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