Introduction to Governmental Accounting for Accountants

The public sector environment is fundamentally different from that in which private-sector organizations operate, thus different accounting and financial reporting practices have developed for governments.

This two-hour internet training will provide a basic introduction to the conceptual and practical ways in which generally accepted accounting principles (GAAP) for governments differs from that used for private companies. It will familiarize participants with the purpose and use of fund accounting, the three fund categories, the different measurement focuses and bases of accounting used in government financial statements, and the fund and government-wide financial statements.