Understanding Federal Financial Statements (FINC8103)

Description:

Learn how to prepare federal financial statements that meet the Office of Management and Budget (OMB) guidelines. Discover the importance of stewardship reporting. Learn to apply various techniques used to examine financial statements. Identify the impact of the Government Performance and Results Act (GPRA) on financial reporting. This course is part of the Certified Government Auditor (CGA) program, Level 1.

Duration:

3 days

Level:

Intermediate

Who Should Attend?

Accountants, financial managers, budget analysts, program managers, auditors and other professionals who are responsible for preparing, analyzing and interpreting federal financial statements will benefit from this course.

Credits:

1.8 CEU's, 24 CPE's

Learning Outcomes:

Explain the financial statement requirements of OMB Circular No. A-136 Describe the preparation and analysis of the "basic financial statement Describe the form and content of annual financial statements as prescribed in OMB guidance Distinguish between budgetary and proprietary reporting Demonstrate program and financial performance analysis Recognize the importance of stewardship reporting Identify the impact of the Government Performance and Results Act (GPRA) on financial reporting Identify new costs of operations and financial flexibility

No sessions scheduled

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Other Recommended Courses:

• Advanced Federal Accounting (ACCT8004)
• Government Standard General Ledger (ACCT8100)
• Federal Accounting Standards (ACCT7102)
• Planning, Budgeting and Performance Measurement (BUDG8180)