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Government Standard General Ledger (ACCT8100)

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Government Standard General Ledger

Description

Update your knowledge with the latest information on the U.S. Government Standard General Ledger (SGL). Learn how the SGL provides the framework for publishing the financial statements required by the Chief Financial Officers Act, Federal Financial Management Improvement Act (FFMIA), and Accountability of Tax Dollars Act (ATDA).

Duration

2 days

Level

Foundational

Who Should Attend?

Federal budgeting and accounting professionals who need to use the Government’s SGL and understand its impact on typical accounting and reporting processes will benefit by attending this course. Participants should be familiar with accounting principles as taught in Introduction to Federal Accounting (ACCT7001).

Credits

1.2 CEU's, 16 CPE's

Learning Outcomes

State the basic budgetary and basic proprietary accounting equation List basic criteria for federal budgetary and proprietary accounting State the nature, frequency of reporting and means of transmitting information for the SF-133 agency financial statements Prepare pre- and post-closing trial balances Prepare budgetary and proprietary financial statements from trial balances Explain the composition of the reports required under Bulletin 01-09, Form and Content of Agency Financial Statements, as incorporated in OMB Circular A-136, issued by the Office of Management and Budget (OMB) State the organization of the U.S. Government Standard General Ledger (SGL) State the organization of the SGL chart of accounts Journalize budget and proprietary entries for basic transactions with one-year operating appropriations and those accounts with spending authority from offsetting receipts and collections (i.e., revolving funds)

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