$150 for non Members Click 'Available Date' to purchase
Overview
This 90 minute case-based live webcast is for both relatively new analysts and lenders as well as for experienced analysts and lenders who could benefit from a review of the differences between accrual and fund accounting and the use of both accrual and fund accounting financial statements in identifying key risk issues for a government enterprise.
Review and examine the basic differences between standard accrual accounting, not-for-profit accounting, and fund accounting, including differences in terminology, format, and analytical content;
Review the role of the Governmental Accounting Standards Board (GASB) in shaping the terminology, format, and analytical content of financial statements for governmental enterprises;
Review and examine the fund accounting “income statement” and determine its similarities to a fully cash-based income statement as well as its differences from a standard accrual income statement;
Review and examine the fund accounting “balance sheet”, identify its similarities and differences vis-à-vis a standard accrual balance sheet, and explore the steps in reconciling a fund accounting “balance sheet” to an accrual accounting balance sheet;
Review the benefits and limitations of using the fund accounting “income statement” and enterprise-wide balance sheet in assessing the risk profile and identifying the risk issues for a government enterprise; and
Explore an analytical process for using both fund accounting and accrual accounting financial statement information in assessing a government enterprise as well as specific governmental and business-type activities within the broader enterprise.
Course
Materials
Credit Refresher on Not-for-Profit Basics
Credit Refresher on Fund Accounting Basics
Multi-step Exercise
Excerpts from West Linn, Oregon, 2008 Comprehensive Financial Report
Presentation Slides
Wrtten Solutions
Upon
Completion
Participants who closely follow the instructor’s presentation and carefully review the written solutions will be able to:
Understand the basic differences between standard accrual accounting, not-for-profit accounting, and fund accounting, including differences in terminology, format, and analytical content;
Understand the role of the Governmental Accounting Standards Board (GASB) in shaping the terminology, format, and analytical content of financial statements for governmental enterprises;
Understand the fund accounting “income statement” and determine its similarities to a fully cash-based income statement as well as its differences from a standard accrual income statement;
Understand the fund accounting “balance sheet”, its similarities and differences vis-à-vis a standard accrual balance sheet, and the steps in reconciling a fund accounting “balance sheet” to an accrual accounting balance sheet;
Understand the benefits and limitations of using the fund accounting “income statement” and enterprise-wide balance sheet in assessing the risk profile and identifying the risk issues for a government enterprise; and
Understand an analytical process for using both fund accounting and accrual accounting financial statement information in assessing a government enterprise as well as specific governmental and business-type activities within the broader enterprise.
How
to Order
Click the specific "Available Date" link at the top of the page to purchase Shockproof! Training or enroll in a Webast. Or Contact
Us for a personalized review of your credit
training needs.
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