CMFO Governmental Accounting II 2024

This class focuses on the proprietary and fudiciary funds utilizing the modified accrual basis of accounting. It presents an overview of the conversion process needed for compliance with Governmental Accounting Standards Board (GASB) Statement 34. This conversion process requires reporting activity in governmental funds by means of government-wide financial statements using the same economic resource measurement focus and accrual basis of accounting as used for proprietary and fudiciary funds. TOPICS COVERED Proprietary funds Fudiciary Funds Multiparty Arrangements Capital Assets and Liabilities (All Funds) Year-End Analysis and Adjustments Conversion Eliminations and Reclassifications for Government-Wide Reporting