Governmental GAAP: Introduction to Governmental GAAP (Second Edition)

Authored by James F. Green, CPA
About this Course
This course introduces generally accepted accounting principles (GAAP) that apply to a state or local government: why it exists, who makes it, where you can find it, who must apply it, and what it is based on. Upon completion of this course, you will be able to: Explain that Governmental GAAP exists separately from accounting principles for nongovernments to serve different user needs; Identify the Governmental Accounting Standards Board as the recognized standard-setter of governmental GAAP; Distinguish between various sources of accounting based on their relative authority in the GAAP hierarchy; Explain that government-wide financial statements follow economic resources measurement focus and accrual basis of accounting; Apply guidance on defining the financial reporting entity involving a primary government, its component units, and other stand-alone governments.
$ 40.00
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NASBA Field of Study
Accounting (Governmental)
Level
Overview
CPE Credits
2.0
Prerequisites
None
Last Updated
02/02/2017
CCH-CL_GovGAAPIntro2ndEd