Governmental Accounting & Reporting

8 Credits: Accounting (Governmental)


Webcasts are available for viewing Monday – Saturday, 8am – 8pm ET.
Without FlexCast, you must start with enough time to finish. (1 Hr/Credit)

 Secure Transaction

Governmental Accounting & Reporting

Course Level
CPE Credits

8 Credits: Accounting (Governmental)

Course Description

Navigating the intricacies of accounting for governmental entities presents a unique set of challenges. Professionals grappling with this sector encounter complexities in understanding the underlying concepts, budgetary accounting significance, and specific transactional nuances that differ significantly from private sector accounting. Without a thorough grounding in these principles, there is a risk of misinterpretation and error in financial reporting for state and local government units, potentially leading to compliance issues and financial misstatements.

This course offers a comprehensive solution to these challenges. It is designed for anyone seeking a robust understanding of the accounting and financial reporting norms for state and local governmental entities. Participants will gain a deep dive into the fundamental concepts underpinning governmental accounting, the pivotal role of budgetary accounting, and the specifics of governmental financing, including recognition rules and journal entries. The course also delves into transactional nuances specific to governmental entities, the process of defining a governmental reporting entity, and the comprehensive annual financial report (CAFR) components. Participants will emerge with the knowledge to accurately report government-wide and fund-based financial statements and understand the requisite information in the CAFR. This course equips professionals with the essential tools to navigate governmental accounting with confidence and precision.

Show More
Show Less

Learning Objectives

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

Chapter 1

  •  Recognize major concepts of governmental accounting.
  •  Identify basic concepts for financial reporting in governmental accounting.
  •  Recognize the differences between the various governmental fund types.

Chapter 2

  •  Recognize the basic differences in financial reporting requirements of the different fund types.
  •  Identify how governmental funds are reported and rules for separate reporting as major funds.
  •  Recognize key elements of government-wide financial statements
Show More
Show Less

Course Specifics

Course ID
Revision Date
September 5, 2023


Advanced Preparation


Compliance Information

NASBA Provider Number: 103220

Yellow Book Notice: Auditors must use professional judgment when determining and documenting if a course qualifies for Yellow Book in accordance with the Government Accountability Office, Government Auditing Standards, December 2018 Revision and Guidance on GAGAS Requirements for Continuing Professional Education.

CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

Meet The Experts

For many years, Delta CPE LLC has offered a wide variety of continuing education courses for financial professionals. Topics covered by Delta’s courses include accounting, financial management, budgeting, investments, financial statement reporting, business management, IFRS, ethics, valuations, real estate, and business writing. The diversity and breadth of Delta’s course offerings make the company a prolific and unique contributor to the CPE world. Delta’s well-credentialed authors and contributors have also been published in numerous academic and professional journals and quoted by some of the leading financial media outlets.