Governmental Accounting 100

Fund accounting-governmental accounting-General Fund & government-wide activity transactions-modified accrual method

What you'll learn
Governmental Accounting Objectives & Reporting Requirements
Fund Accounting Foundations
State & Local Governmental Accounting Principles & Financial Reporting
How to Record Transactions for Budgetary Accounts & Encumbrances
How to Create & Analyze Governmental Operating Statement Accounts & Budgetary Accounts
How to Record Transactions for Encumbrances, Expenditures, & Delinquent Receivables
How to Record Revenue Transactions in Both the General Fund & Government Wide Level
How to Record Tax Anticipation Note & Closing Entries
How to Record Transactions to Both the General Fund & Government Wide Level
Go to Create Subsidiary Ledgers
How to Record Supplies Inventory – Consumption Method & Purchases Method
Requirements
Understanding of basic accounting terms
Description
Governmental accounting, including fund accounting financial transactions, focusing on the general fund and government-wide activities.We will work through many example problems as we learn the material, posting transactions to a trial balance, so we can see how accounts behave. Many governmental accounts are new to many learners, and we will be using different accounting methods than just an accrual method. Posting transactions and seeing a trial balance will be very helpful in learning the material and is something lacking in most courses on the subject.We will discuss the governmental accounting objectives and reporting requirements, comparing them to for-profit entities. The course will assume we are familiar with for-profit accounting and will, therefore, focus on the areas of governmental accounting that are different, although we will continue to work with core concepts like the double entry accounting system.Learners and instructor will examine state and local governmental accounting principles & financial reporting.We will record transactions for budgetary accounts & encumbrances. Recording budgetary accounts will be new for many learners familiar with financial accounting, but we will use double entry accounting principles for the process.The course will explain and analyze governmental operating statement accounts & budgetary accounts.Learners and instructor will record transactions for encumbrances, expenditures, & delinquent receivables. We will emphasize when a modified accrual method will be used, and what the differences in recording financial transactions will be when used, as compared to an accrual method.We will record transactions related to revenue in both the General Fund and at the government-wide activities level.The course will discuss tax anticipation notes and how they will be recorded under a modified accrual method.Learners and instructor will explore many examples of the closing process, closing out temporary accounts. We will compare the closing process for governmental entities to the closing process in for-profit accounting.We will examine how to create subsidiary ledgers related to revenue, estimated revenue, appropriations, encumbrances, and expenditures.The course will provide examples of recording supplies using the consumption method and purchases method, explaining the differences between the two.

Overview

Section 1: Introduction

Lecture 1 Introduction

Lecture 2 PDF - 105 Governmental Accounting Objectives

Lecture 3 105 Governmental Accounting Objectives

Lecture 4 PDF - 106 Governmental Accounting vs Not-For-Profit Accounting

Lecture 5 106 Governmental Accounting vs Not-For-Profit Accounting

Lecture 6 PDF -107 Does Non-Profit Mean Money Does Not Matter

Lecture 7 107 Does Non-Profit Mean Money Does Not Matter

Lecture 8 Multiple Choice Questions – Governmental Accounting A1

Lecture 9 Accounting Comic Break

Section 2: Governmental Accounting Objectives & Reporting Requirements

Lecture 10 2 Governmental Accounting Objectives & Reporting Requirements

Lecture 11 PDF - 110A Governmental Accounting Objectives

Lecture 12 110A Governmental Accounting Objectives

Lecture 13 PDF - 125A Government Financial Reporting Requirements

Lecture 14 125A Government Financial Reporting Requirements

Lecture 15 PDF - 130A Federal Government Financial Reporting Overview

Lecture 16 130A Federal Government Financial Reporting Overview

Lecture 17 Multiple Choice Questions – Governmental Accounting A2

Lecture 18 Accounting Comic Break

Section 3: State & Local Governmental Accounting Principles & Financial Reporting

Lecture 19 3 State & Local Governmental Accounting Principles & Financial Reporting

Lecture 20 PDF - 140B State & Local Governmental Accounting Objectives, Primary Users, &

Lecture 21 140B State & Local Governmental Accounting Objectives, Primary Users, & Useful

Lecture 22 PDF - 150B State & Local Governmental Accounting Supplemental Information

Lecture 23 150B State & Local Governmental Accounting Supplemental Information

Lecture 24 PDF - 160B State & Local Governmental Accounting Elements of Financial Statement

Lecture 25 160B State & Local Governmental Accounting Elements of Financial Statements

Lecture 26 PDF - 170B State & Local Governmental Accounting Financial Reporting Model

Lecture 27 170B State & Local Governmental Accounting Financial Reporting Model

Lecture 28 PDF - 180B State & Local Governmental Accounting Fund Reporting

Lecture 29 180B State & Local Governmental Accounting Fund Reporting

Lecture 30 Multiple Choice Questions – Governmental Accounting A3

Lecture 31 Accounting Comic Break

Section 4: Record Transactions for Budgetary Accounts & Encumbrances

Lecture 32 4 Record Transactions for Budgetary Accounts & Encumbrances

Lecture 33 PDF - 3022 Estimated Revenues & Expenditures

Lecture 34 3022 Estimated Revenues & Expenditures

Lecture 35 Excel Worksheet Download

Lecture 36 Worksheet - 3022 Estimated Revenues & Expenditures

Lecture 37 PDF - 3023 Encumbrances

Lecture 38 3023 Encumbrances

Lecture 39 Excel Worksheet Download

Lecture 40 Worksheet - 3023 Encumbrances

Lecture 41 PDF - 3024 Encumbrances, Expenditures, & Subsidiary Ledgers

Lecture 42 3024 Encumbrances, Expenditures, & Subsidiary Ledgers

Lecture 43 Excel Worksheet Download

Lecture 44 Worksheet - 3024 Estimates, Encumbrances & Expenditures

Lecture 45 PDF - 3027 Statement of Activities

Lecture 46 3027 Statement of Activities

Lecture 47 Excel Worksheet Download

Lecture 48 Worksheet - 3027 Statement of Activities

Lecture 49 Multiple Choice Questions – Governmental Accounting B4

Lecture 50 Accounting Comic Break

Section 5: Governmental Operating Statement Accounts & Budgetary Accounts

Lecture 51 5 Governmental Operating Statement Accounts & Budgetary Accounts

Lecture 52 PDF - 190C Governmental Operating Statement Accounts Government-Wide Expenses &

Lecture 53 190C Governmental Operating Statement Accounts Government-Wide Expenses & Revenu

Lecture 54 PDF - 200C Governmental Funds Characteristics

Lecture 55 200C Governmental Funds Characteristics

Lecture 56 PDF - 210C Budgetary Accounts

Lecture 57 210C Budgetary Accounts

Lecture 58 PDF - 220C Fund Balance Sheet & Operating Statement Accounts Budgetary Accounts

Lecture 59 220C Fund Balance Sheet & Operating Statement Accounts Budgetary Accounts

Lecture 60 PDF - 230C Revenue Sources & Classifications

Lecture 61 230C Revenue Sources & Classifications

Lecture 62 PDF - 240C Encumbrances & Expenditures

Lecture 63 240C Encumbrances & Expenditures

Lecture 64 Multiple Choice Questions – Governmental Accounting B5

Lecture 65 Accounting Comic Break

Section 6: Record Transactions for Encumbrances, Expenditures, & Delinquent Receivables

Lecture 66 6 Record Transactions for Encumbrances, Expenditures, & Delinquent Receivables

Lecture 67 PDF - 4018 Encumbrances & Expenditures

Lecture 68 4018 Encumbrances & Expenditures

Lecture 69 Excel Worksheet Download

Lecture 70 Worksheet - 4018 Encumbrances & Expenditures

Lecture 71 PDF - 4019 Deferred Inflows & Delinquent Receivables

Lecture 72 4019 Deferred Inflows & Delinquent Receivables

Lecture 73 Excel Worksheet Download

Lecture 74 Worksheet - 4019 Receivables Delinquent & Differed Inflows

Lecture 75 Multiple Choice Questions – Governmental Accounting B6

Lecture 76 Accounting Comic Break

Section 7: Record Revenue Transactions in Both the General Fund & Government Wide Level

Lecture 77 7 Record Revenue Transactions in Both the General Fund & Government Wide Level

Lecture 78 PDF - 4020 Revenue General Fund & Government Wide

Lecture 79 4020 Revenue General Fund & Government Wide

Lecture 80 Excel Worksheet Download

Lecture 81 Worksheet - 4020 Revenue General Fund & Government Wide

Lecture 82 Multiple Choice Questions – Governmental Accounting B7

Lecture 83 Accounting Comic Break

Section 8: Record Tax Anticipation Note & Closing Entries

Lecture 84 8 Record Tax Anticipation Note & Closing Entries

Lecture 85 PDF - 4021 Tax Anticipation Note

Lecture 86 4021 Tax Anticipation Note

Lecture 87 Excel Worksheet Download

Lecture 88 Worksheet - 4021 Tax Anticipation Note

Lecture 89 PDF - 4022 Closing Entries General Fund

Lecture 90 4022 Closing Entries General Fund

Lecture 91 Excel Worksheet Download

Lecture 92 Worksheet - 4022 Closing Entries – General Fund

Lecture 93 Multiple Choice Questions – Governmental Accounting B8

Lecture 94 Accounting Comic Break

Section 9: Record Transactions to Both the General Fund & Government Wide Level

Lecture 95 9 Record Transactions to Both the General Fund & Government Wide Level

Lecture 96 PDF - 4024 General Fund & Government Wide Activity

Lecture 97 4024 General Fund & Government Wide Activity

Lecture 98 Excel Worksheet Download

Lecture 99 Worksheet - 4024 General & Governmental Wide Activity Part 1

Lecture 100 Worksheet - 4024 General & Governmental Wide Activity Part 2

Lecture 101 Multiple Choice Questions – Governmental Accounting B9

Lecture 102 Accounting Comic Break

Section 10: Subsidiary Ledgers

Lecture 103 10 Subsidiary Ledgers

Lecture 104 PDF - 4025 Subsidiary Ledgers Revenue & Estimated Revenue

Lecture 105 4025 Subsidiary Ledgers Appropriations, Expenditures, & Encumbrances

Lecture 106 PDF 4025 Subsidiary Ledgers Appropriations, Expenditures, & Encumbrances

Lecture 107 4025 Subsidiary Ledgers Revenue & Estimated Revenue

Lecture 108 Multiple Choice Questions – Governmental Accounting B10

Lecture 109 Multiple Choice Questions – Governmental Accounting B13

Lecture 110 Accounting Comic Break

Section 11: Supplies Inventory – Consumption Method & Purchases Method

Lecture 111 11 Supplies Inventory – Consumption Method & Purchases Method

Lecture 112 PDF - 4026 Supplies Inventory Consumption Method

Lecture 113 4026 Supplies Inventory Consumption Method

Lecture 114 PDF - 4026.5 Supplies Inventory Purchases Method

Lecture 115 4026.5 Supplies Inventory Purchases Method

Lecture 116 PDF - 4026.7 Supplies Inventory Purchases Method vs Consumption Method

Lecture 117 4026.7 Supplies Inventory Purchases Method vs Consumption Method

Lecture 118 Excel Worksheet Download

Lecture 119 Worksheet - 4026 Consumption Method vs Purchases Method

Lecture 120 PDF - 4026.9 Supplies Inventory Government Wide

Lecture 121 4026.9 Supplies Inventory Government Wide

Lecture 122 PDF - 4027 Financial Statements General Fund

Lecture 123 4027 Financial Statements General Fund

Lecture 124 Multiple Choice Questions – Governmental Accounting B11

Lecture 125 Multiple Choice Questions – Governmental Accounting B12

Lecture 126 Accounting Comic Break

Section 12: Comprehensive Problem

Lecture 127 12 Comprehensive Problem

Lecture 128 Excel Worksheet Download

Lecture 129 Worksheet G1

Lecture 130 Excel Worksheet Download

Lecture 131 Worksheet G2

Lecture 132 Excel Worksheet Download

Lecture 133 Worksheet G3

Lecture 134 Excel Worksheet Download

Lecture 135 Worksheet G4

Lecture 136 Worksheet G4.5

Lecture 137 Excel Worksheet Download

Lecture 138 Worksheet G5

Lecture 139 Worksheet G5.5

Lecture 140 Excel Worksheet Download

Lecture 141 Worksheet G6

Lecture 142 Excel Worksheet Download

Lecture 143 Worksheet G7

Lecture 144 Excel Worksheet Download

Lecture 145 Worksheet G8

Lecture 146 Excel Worksheet Download

Lecture 147 Worksheet G9

Lecture 148 Excel Worksheet Download

Lecture 149 Worksheet G10

Accounting students,CPA Exam Candidates