Federal Accounting Standards

Federal Accounting Standards (ACCT7102)

Description

The Federal Accounting Standards developed by the Federal Accounting Standards Board (FASB) help fulfill the U.S. Government's constitutional requirement to appropriately record and report all revenues and expenditures. Learn these standards, including the latest changes from the FASB, as you also explore the related statutory requirements of the Chief Financial Officers (CFO) Act, the Government Management Reform Act, and related legislation.

Duration

4 days

Level

Advanced

Who Should Attend?

Accounting professionals and financial management personnel who need a working knowledge of current federal accounting standards.

Credits

2.4 CEU's, 32 CPE's

Learning Outcomes

Describe how and why federal accounting policies are developed
Apply basic, detailed federal government accounting procedures
Apply accepted approaches to record keeping and accounting
State how results of operations are reflected in the public record
Explain the standards for managerial, cost, and supplementary stewardship reporting
Illustrate how handling selected assets and liabilities, direct and guaranteed loans, inventory, and property, plant and equipment is critical to the accountability of federal government accounting
Identify references and resources to help you resolve issues facing your agency regarding federal accounting

Available Sessions

Session Code	Start Date	End Date	Location	Tuition
Session Code ACCT7102-002	Start Date Dec 03, 2024 9:00 AM EST	End Date Dec 06, 2024 5:00 PM EST	Location Virtual	Tuition $1,399.00	{{{CourseDetailRegisterCTAName}}}

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Other Recommended Courses

Advanced Federal Accounting (ACCT8004)
Government Standard General Ledger (ACCT8100)
Federal Budgeting, Execution, and Accounting: The Relationship (FINC8300)
Introduction to Federal Accounting (ACCT7001)
Understanding Federal Financial Statements (FINC8103)

Federal Accounting Standards (ACCT7102)