Learn the key concepts of federal government accounting, including accrual concepts, maintaining accurate journals and journal vouchers, managing accounts and ledgers, running trial balances and adjusting entries, and reading financial statements.
This course is being restructured to better align with the Academic Programs Division of Graduate School USA. Please check our website for updates to course information.
Enroll anytime in this paper-based course. All materials supplied. Instructor-based study. Self-paced; take up to one year to complete.
Who Should Attend?
Federal employees who are engaged in financial management, budgeting, and accounting functions and operations and who desire to refresh or expand their understanding of federal funds control, accounting requirements, and practices.
Apply federal accounting, budget and financial management funds control concepts, standards, procedures, and practices
Recognize and record budgetary and proprietary accounting transactions in the financial system for the individual financial event
Prepare accrual and adjusting entries to produce the period-end trial balance and other financial reports
Prepare closing entries to produce fiscal year-end financial statements and reports
Use the "T" account posting concept as a tool to simplify and facilitate the accuracy of posting accounting transactions to the General Journal and/or Standard General Ledger accounts
Outline:
Syllabus -- Federal Government Accounting I, ACCT2260C, Grad. School, USDA
Lesson 1: The Nature of Federal Accounting
Lesson 2: The Federal Budget and Accounting Process
Lesson 3: Accountable Events of the Federal Government
Lesson 4: Financial Management and Accounting System Requirements
Lesson 5: Budget and Accounting Classification
Lesson 6: General Journal and U.S. Government Standard General Ledger
Lesson 7: Budgetary and Proprietary Accounting (Part 1)
Lesson 8: Budgetary and Proprietary Accounting (Part2)
Lesson 9: Adjusting the Appropriation SGL Accounts
Lesson 10: Closing Entries
