Account for what matters. Empower people, not numbers.

The second course in this three-course series expounds on what you learned in the previous course on basis of accounting knowledge. Learn financial statements of position, operating statements, accounting for encumbrances, and more, to your accounting knowledge portfolio base of knowledge. This NASBA-approved course covers accounting for expenditures and disbursements, accounting with funds, and accounting for Interfund activities.

Snapshot

Format: Online

Hours: 27.6

Credits: 2.75 CEUs / 23 CPEs

When: Start anytime

Cost: $599 - $639

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Governments and private businesses operate in vastly different environments, so their accounting processes and reporting are substantially different. Online courses in The University of Georgia’s Governmental Accounting Series help you gain a foundational understanding of accounting in a governmental environment.

Through eight lessons and a comprehensive practice exercise, this course elevates understanding in the basic accounting equation, the effect of certain transactions on the accounting equation, the relationship of the balance sheet and the operating statement at the fund level, and how to record financial transactions.

Learning Objectives:

  • Define important accounting basic terms,
  • Demonstrate the recognition of revenues, expenditures and expenses, and how to record them into accounting systems.
  • Compare GAAP and statutory accounting for encumbrances,
  • Contrast the three common bases of accounting, the form and content of a governmental fund balance sheet, and two common types of measurement foci.
  • Recognize fund balance categories and the differences between statements of position for each category of funds.

The purpose of this practice exercise is to demonstrate how certain accounting concepts and generally accepted accounting principles apply in a system for a small government. You apply the concepts learned in each lesson through the recording of accounting transactions. You select the accounts needed to record the transaction from the chart of accounts and decide whether to “debit” or “credit” the account, receiving instant notification if the transaction is properly recorded for each transaction.

Who Should Attend?

The ideal participants for this course are governmental employees who require knowledge of the accounting process. Whether you are coming from the private sector and need more governmental accounting knowledge or are already a CPA, this course is your professional cornerstone. If you belong to a state licensing board that require CPAs to maintain and improve their skills through continuing education courses, or just need to prepare for the CPA exam, this course will set you on the path to help you reach your professional goals in accounting.

Course Information

Course Number: 

0506-007

Course Date Info: 
  • Complete the course's required online quizzes and exercises within three months of issuance of course access details
  • Practical day-to-day accounting methods and financial reporting that comply with GAAP.

Field of Study: Accounting (Governmental)
Delivery Method: QAS Self Study
Advance Preparation: None
Program Level: Basic
Prerequisites: Introductory Governmental Accounting Part I

Course Fee(s): 

$599 (US Funds) — Residents of Georgia
$639 (US Funds) — Non-Residents of Georgia
$50 (US Funds) — One-Month Extension (Only one extension is granted per participant)

Prepayment is required to be registered. Prices listed are per person. Prices are subject to change.

Cancellation/Refund Policy: If you have not accessed the online course at all, you may request a refund minus a $50 cancellation fee. Requests must be sent to student@georgiacenter.uga.edu no later than seven (7) days after the issuance of your course access information.