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 accountingNo sessions scheduled
Other Recommended Courses:
- Introduction to Federal Accounting (ACCT7001)