Description
The Federal Accounting Standards developed by the Federal Accounting Standards Board (FASB) help fulfill the U.S. Government's constitutional requirement to appropriately record and report all revenues and expenditures. Learn these standards, including the latest changes from the FASB, as you also explore the related statutory requirements of the Chief Financial Officers (CFO) Act, the Government Management Reform Act, and related legislation.Duration
4 days
Level
AdvancedWho Should Attend?
Accounting professionals and financial management personnel who need a working knowledge of current federal accounting standards.Credits
2.4 CEU's, 32 CPE'sLearning Outcomes
Describe how and why federal accounting policies are developed
Apply basic, detailed federal government accounting procedures
Apply accepted approaches to record keeping and accounting
State how results of operations are reflected in the public record
Explain the standards for managerial, cost, and supplementary stewardship reporting
Illustrate how handling selected assets and liabilities, direct and guaranteed loans, inventory, and property, plant and equipment is critical to the accountability of federal government accounting
Identify references and resources to help you resolve issues facing your agency regarding federal accounting
Available Sessions
Session Code | Start Date | End Date | Location | Tuition | |
---|---|---|---|---|---|
Session Code ACCT7102-002 | Start Date Dec 03, 2024 9:00 AM EST | End Date Dec 06, 2024 5:00 PM EST | Location Virtual | Tuition $1,399.00 |
Other Recommended Courses
- Advanced Federal Accounting (ACCT8004)
- Government Standard General Ledger (ACCT8100)
- Federal Budgeting, Execution, and Accounting: The Relationship (FINC8300)
- Introduction to Federal Accounting (ACCT7001)
- Understanding Federal Financial Statements (FINC8103)