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CMFO-Government Accounting I

CMFO-Government Accounting I

Class Date: 
Wednesday, April 25, 2018 (All day)
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Time: 
8:00am - 5:00pm
TimeZone: 
EST
Price: 
$110.00
Classroom: 
Knoxville - University Avenue - Room 118
Address: 
1610 University Avenue
Contact: 
Buckner, Michelle
Class Description: 
Two features about governmental accounting are distinctive. Governmental accounting shares a managerial decision-making purpose with financial accounting. However, governmental accounting is far more restrictive due to its focus on funds and their usage in compliance with purposes set in the enacted budget. Further, the legal obligation to be accountable can make governmental accounting even more challenging to many practitioners. The authority to require citizens to pay taxes comes with the responsibility to use those resources to achieve the public good. Accounting for public purposes requires both skill and dedication to public service.TOPICS COVEREDFunction of AccountingThe Accounting CycleGovernmental Accounting StandardsBasis of Accounting and Measurement FocusFund AccountingGovernmental Funds