Introduction to Governmental Accounting
Total Credits: 2 including 2 Auditing (Governmental) - Technical
- Average Rating:
- Not yet rated
- Categories:
- ACPEN Industry Institute | Yellow Book | Accounting and Auditing
- Faculty:
- Melisa F. Galasso
- Course Levels:
- Basic
- Duration:
- 2 Hours
- License:
- Product Setting: Expires 30 day(s) after program date.
Description
Governmental accounting is distinct from other forms of accounting, requiring a unique approach to financial reporting. This course introduces the fundamentals of governmental accounting, including fund accounting principles and the modified accrual basis of accounting. Participants will explore the structure and purpose of fund financial statements alongside government-wide financial statements, gaining a comprehensive understanding of their layouts and key elements. The course also delves into critical topics such as the concept of component units, the role and structure of Management Discussion & Analysis (MD&A), and the preparation and importance of the Annual Comprehensive Financial Report (ACFR). Perfect for those new to governmental accounting, this course provides a solid foundation for understanding and applying these essential principles.
Basic Course Information
Learning Objectives- Recall the requirements of governmental financial reporting
- Recognize organizations that follow governmental financial reporting standards
- Identify elements of governmental financial statements
- Identify the appropriate fund classification
- Identify the requirements to be a component unit
- Recognize the components of net position for different fund types
Major Subjects
- Governmental financial reporting
- Auditing
- Yellowbook
Course Materials
| IMPORTANT CPE Credit Instructions Read Before Webcast Updated 2025 (434.2 KB) | Available after Purchase | ||
| Introduction to Governmental Accounting Handout (3.9 MB) | Available after Purchase | ||
Faculty
Melisa F. Galasso Related Seminars and Products
Founder and CEO
Galasso Learning Solutions LLC
Melisa Galasso is the founder and CEO of Galasso Learning Solutions LLC. A CPA with nearly 20 years of experience in the accounting profession, Melisa designs and facilitates courses in advanced technical acconting and auditing topics, including not-for-profit and governmental accounting. She also supports essential professional development, audit level training, and train the trainer efforts. Melisa is a Certified Professional in Talent Development (CPTD) and has earned the Association for Talent Development Master Trainer™ designation. Her passion for instructional design and adult learning techniques is one of the differentiators that set her apart from other CPE providers. Within the industry, Melisa serves on the FASB’s Not-for-Profit Advisory Committee (NAC), AICPA Council, and the VSCPA’s Board of Directors. She previously served on the AICPA’s Technical Issues Committee (TIC) and is a past-Chair of the NCACPA’s A&A committee. Melisa also authors the AICPA’s State and Local Government Guide and serves as a SME for the Center for Plain English Accounting.
Dates
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Fri, Apr 25, 2025 - 04:00pm to 05:51pm EDT
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Thu, May 08, 2025 - 10:00am to 11:51am EDT
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Tue, May 20, 2025 - 12:00pm to 01:51pm EDT
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Tue, Jun 03, 2025 - 02:00pm to 03:51pm EDT
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Mon, Jun 23, 2025 - 04:00pm to 05:51pm EDT
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Thu, Jul 10, 2025 - 07:00pm to 08:51pm EDT
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Wed, Jul 30, 2025 - 12:00pm to 01:51pm EDT
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Wed, Aug 13, 2025 - 02:00pm to 03:51pm EDT
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Fri, Aug 29, 2025 - 04:00pm to 05:51pm EDT
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Tue, Sep 09, 2025 - 10:00am to 11:51am EDT
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Tue, Sep 30, 2025 - 12:00pm to 01:51pm EDT
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Fri, Oct 03, 2025 - 02:00pm to 03:51pm EDT
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Fri, Oct 24, 2025 - 04:00pm to 05:51pm EDT
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Thu, Nov 06, 2025 - 10:00am to 11:51am EST
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Fri, Nov 21, 2025 - 12:00pm to 01:51pm EST
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Tue, Dec 02, 2025 - 07:00pm to 08:51pm EST
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Tue, Dec 09, 2025 - 04:00pm to 05:51pm EST
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Mon, Dec 22, 2025 - 10:00am to 11:51am EST
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Mon, Jan 12, 2026 - 12:00pm to 01:51pm EST
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Fri, Jan 23, 2026 - 02:00pm to 03:51pm EST
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Fri, Feb 06, 2026 - 04:00pm to 05:51pm EST
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Wed, Feb 25, 2026 - 10:00am to 11:51am EST
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Tue, Mar 10, 2026 - 12:00pm to 01:51pm EDT
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Wed, Mar 25, 2026 - 02:00pm to 03:51pm EDT
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Mon, Apr 06, 2026 - 04:00pm to 05:51pm EDT
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Fri, Apr 24, 2026 - 10:00am to 11:51am EDT
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Additional Info
Basic Course Information
Prerequisites NoneAdvanced Preparation None
Designed For
Accounting Professionals
Original Recording Date 03/2025
Yellow Book Yes
Course Developer Galasso Learning Solutions
Date Added to Catalog 2/2025
Additional Information
Complaint Resolution PolicyPlease contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement
Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
Instructional Delivery Method
Group Internet Based
Course Registration Requirements
Online Registration
Refund/Cancellation Policy
Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.