Government Bookkeeping & Accounting

Course ID: 228                         Course Length: 2 day(s)

Overview:

This workshop is specifically designed to acquaint you with basic accounting principles and practices. It teaches the accounting cycle and its role in the financial management program. It is designed for anyone who needs to be familiar with the basic financial accounting cycle and governmental funds theory, e.g., accounting clerks, technicians, or anyone desiring exposure to the complete accounting cycle.

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

• Understand basic accounting principles
• Describe the steps in the accounting cycle
• Analyze financial transactions to determine
  their effect on specific accounts
• Prepare journal vouchers and post journal
  entries to a general ledger
• Prepare a trial balance and basic financial statements
• Perform steps in the fund accounting process from
  enactment of an appropriation bill through expenditure
  of funds

Topics:

• Generally accepted accounting principles
• Accrual accounting concepts
• The accounting cycle
• Journals and Journal vouchers
• Accounts and ledgers
• Debits and credits
• Trial balance and adjusting entries
• Financial statements
• Fund account structure in the public sector
• Fund accounting process
• Accounting responsibility

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