Government Accounting Basics

Course ID: 222                         Course Length: 1 day(s)

Overview:

This workshop teaches participants how to write and use a Balance Sheet and Statement of Operations and know which items go on each. The participants also obtain an understanding of basic accounting principles and practices, with an overview of the accounting process. Participants can be personnel at all levels who do not have a background in accounting and finance, such as program managers; administrative, clerical administrative staff; interns, and trainees.

Objectives:
At the end of the workshop participants should be able to:

• Understand the purpose of, and prepare, basic
  financial statements
• Comprehend basic accounting terminology
• Describe the accounting cycle
• Understand basic governmental accounting terminology
• Detail the major steps in the Federal Budget process
• Explain how this accounting process supports
  budgeting within the agency

Topics:

• Role of accounting in agency management
• Managing accounting records
• Accounting definitions, concepts, and principles
• Financial statements
• Accrual accounting
• The accounting cycle
• Accounting and the Federal Budget process
• Accounting and fund control

Click here to view more courses in this category.