Governmental Accounting 101
Author: Eric S. Berman
| CPE Credit: |
2 hours for CPAs |
You are a new government preparer or auditor. Congratulations on joining the most honorable profession! One of the major elements of society is a lack of understanding of how governments work and how they impact all our daily lives. That impact derives our annual financial reports and audits. Learn what is a government and why government is different, and it should be.
Publication Date: October 2025
Designed For
First time government preparers and auditors.
Topics Covered
- Introduction — What is a Government?
- Standards and Conceptual Framework
- Measurement Focus and Bases of Accounting
- Why Budgets are Vital
- Components / Elements of Financial Reporting
Learning Objectives
- Explain what a government is
- Describe the structure of a government
- Determine the key components of an Annual Financial Report
- Identify the role of a budget and why it is so important
- Identify how the Standards for Government are not that much different than nonprofit and for-profit entities in many areas
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Accounting (Governmental) (2 hours)
Program Prerequisites
None
Advance Preparation
None
