Accounting (Govmnt)
There are no prerequisites.

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Course Description

Every accountant knows how important it is to be equipped with just the right tools to run the financial and accounting operations within your organization. This complete and straightforward course covers a broad range of governmental accounting topics that fall under the Governmental Accounting Standards Board and its recently revised financial reporting model, including practical information in easy-to-understand terminology. Even if you do not have a professional understanding of accounting principles and financial reporting, Governmental Accounting Made Easy makes it all clear with accounting rules explained in terms anyone can understand so that you can better fulfill your managerial and fiduciary duties.


Warren Ruppel

Warren Ruppel, CPA, is a Partner at Marks Paneth & Shron LLP, New York, where he serves in the firm's nonprofit and Government Services Group and also is a leader in its Professional Practices Group. Formerly, he was the assistant comptroller for accounting of the City of New York, where he was responsible for all aspects of the city's accounting and financial reporting. He has thirty-five years of experience in governmental and not-for-profit accounting and financial reporting.

He began his career at KPMG after graduating from St. John's University, New York. His involvement with governmental accounting and auditing began with his first audit assignment—the second audit ever performed of the financial statements of the City of New York. From that time, he served many governmental and commercial clients until he joined Deloitte & Touche in 1989 to specialize in audits of governments and not-for-profit organizations. Mr. Ruppel has also served as the chief financial officer of an international not-for-profit organization.

Mr. Ruppel has served as instructor for many training courses, including specialized governmental and not-for-profit programs and seminars. He has also been an adjunct lecturer of accounting at the Bernard M. Baruch College of the City University of New York. He is the author of several books on governmental and not-for-profit accounting. He is a member of the American Institute of Certified Public Accountants as well as the New York State Society of Certified Public Accountants, where he serves on the Governmental Accounting and Auditing and Not-for-Profit Organizations Technical Committees and is a trustee of the Foundation for Accounting Education. He has also served as the Chair of the Society's Audit Committee. He is also a past president of the New York Chapter of the Institute of Management Accountants.

Course Specifics

Accounting (Govmnt)
Feb 21, 2018
There are no prerequisites.

Compliance Information

Qualifies for CA Fraud: No

Learning Objectives

Upon successful completion of this course, participants will be able to:

Chapter 1

  • Recognize what constitutes GAAP, who determines what is GAAP, and if governments need to comply with GAAP
  • Identify why governmental accounting and financial reporting are different from commercial and not-for-profit accounting and financial reporting, and recognize what entities governmental generally accepted accounting principles apply to

Chapter 2

  • Recognize the different bases of accounting, noting what measurement focuses are used by governments
  • Identify assets, liabilities, and net assets

Chapter 3

  • Recognize fund fundamentals and the various types of governmental funds
  • Note the components of proprietary funds and fiduciary funds

Chapter 4

  • Recall the basics of governmental financial statements, including general-purpose financial statements, management's discussion and analysis, and the basic financial statements
  • Recall the basics of governmental financial statements, including fund financial statements, required supplementary information, and the comprehensive annual financial report

Chapter 5

  • Identify the reporting entity, including the accountability focus
  • Recognize component units and their financial statements

Chapter 6

  • Identify revenue from nonexchange transactions, the classes of nonexchange transactions, and derived revenues
  • Recognize any needed adjustments for the accrual basis of accounting, noting the accounting for grants and other financial assistance

Chapter 7

  • Cite how and where capital assets are recorded in the financial statements, and how the modified approach can be used in lieu of depreciating infrastructure assets
  • Recognize how interest must be capitalized in certain situations, the treatment of capital leases and intangible assets, and the impairment rules for capital assets

Chapter 8

  • Recall the accounting for pensions and other postemployment benefits

Chapter 9

  • Cite the accounting for investments and the related disclosures, and the accrual for compensated absences
  • Cite the accounting for landfill closure and postclosure costs, derivatives, and securities lending transactions

Chapter 10

  • Note upcoming developments in governmental accounting

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Online Access

Get immediate access to a robust collection of learning and reference materials, allowing you to dive deep into the information you need. Our self-study materials are authored by top-quality, industry experts who focus on helping you grasp concepts quickly using real-life examples. Download your CPE to any device, and take it with you so you can learn when and wherever you want. Complete your CPE with an online exam, and enjoy instant grading with the option to print your certificate immediately upon passing.

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Hard Copy

Our self-study materials are authored by top-quality, industry experts. You’ll receive a bound notebook of all the course materials, shipped to you within one business day. In addition, you’ll also have full online access. Each self-study package includes a robust collection of learning and reference materials to help you cover the information efficiently and put it into practice immediately.

hard copy
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Experience high-quality instruction with our Self-Study Videos, available to you 24/7. With more than 80+ videos currently in the Western CPE Self-Study Video library, you can see and hear our expert instructors deliver the information you need in a dynamic way that allows you to immediately apply your learning. Unlike a live course or webcast, you can complete the course on your own time, playing and pausing as needed. Self-Study Videos allow you to complete your CPE requirements on your own time.

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