Government/Fund Accounting: Introduction to Government Accounting, Financial ...
Learning objectives

Whether it's that their revenue comes largely from tax dollars, ownership and accountability issues are vastly different from for-profit organizations, or unique regulations are in play, government entities provide challenges unlike anything financial professionals will find in the private sector.  See how government financial statements are prepared differently from those of for-profit businesses and obtain the familiarity and understanding that can guarantee success in this often-unfamiliar environment.  At the conclusion of this session you will be able to:

  • Recognize objectives of state and local government accounting standards and the role of the Governmental Accounting Standards Board (GASB)
  • Identify key elements of Governments' financial reporting model and Comprehensive Annual Financial Report (CAFR)
  • Define deferred inflow and outflow of resources and their reporting by state and local governments
  • Recognize requirements for reporting constraints on government fund resources
  • Identify unique aspects of modified accrual accounting used by governmental funds
  • Apply key accounting procedures used in the preparation of both fund and government-wide financial statements
  • Identify key aspects of governmental financial statement analysis

 

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Instructor bio

John Lord, CPA, is the State of California’s Regional Lead Faculty for Becker Professional Education. In addition to teaching live CPA classes primarily in the San Francisco, California area, John is responsible for helping to recruit, train, and develop CPA instructors throughout the State. During his almost 16 years with Becker, John has become one of the organization's most popular and effective instructors - nationwide. His expertise on the exam, commitment to his students, and real world experience are all qualities his students cite as keys to their own success on the CPA exam. John is also an Adjunct Professor at Golden Gate University in San Francisco, CA as well as a national instructor for Becker’s Continuing Professional Education focusing on governmental accounting and auditing topics. For nearly 23 years, John has also served as a Senior Audit Manager for the Government Accountability Office which is the audit, evaluation, and investigative arm of the U.S. Congress. In his capacity with the GAO, John has led audits of the Bureau of Public Debt and IRS. He has also led work with the GAO reviewing the accounting and auditing standards setting process in the United States where he was actively involved with the Auditing Standards Board and Financial Accounting Standards Board. John holds a Bachelors of Science Degree from the California State University in Hayward, California and is an active U.S. Certified Public Accountant (California) and a former President of the Association of Latino Professionals in Finance and Accounting.

National Registry of CPE Sponsors

A Becker Professional Education is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org

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

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