After completing this course, the learner should be able to:
- Identify the roles and responsibilities of various federal departments in the development of accounting principles and the administration of accounting, budgeting and auditing issues.
- Describe the financial reporting and accounting theory published by the Federal Financial Accounting Standards Advisory Board (FASAB) in their Statements of Federal Financial Accounting Concepts.
- Describe the account structure of the U.S. Standard General Ledger and the systems that comprise federal data gathering.
- Apply bookkeeping procedures to dual track accounting requirements from transactions through the financial statements.
Instructor bioTom Cox is a controller for Public Risk Underwriters of Florida, Inc. (PRU), a Brown & Brown subsidiary that offers accounting and underwriting support to insurance trusts servicing governments and governmentally funded not for profit organizations 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).
Becker Professional Education Sponsor I.D. Numbers NASBA: 107294, New York: 002087, New Jersey: 20CE00226700, Texas: 009580, Ohio: CPE.186, Illinois 158.002405, Pennsylvania: PX177823