CPA FAR: US State and Local Government Accounting (GAGAS)

Whether you’re an accounting professional, a student, or someone passionate about public finance, this comprehensive course will give you the knowledge and tools to navigate government financial statements, compliance, and regulations with confidence.

Welcome to CPA FAR U.S. State and Local Government Accounting as per GAGAS!

This course dives deep into the unique aspects of government accounting, providing a clear understanding of how state and local governments manage and report their finances. With a focus on transparency, budgeting, and public trust, you’ll learn essential principles, best practices, and the regulatory frameworks that ensure financial accountability in the public sector.

What You’ll Learn:

• Complete Overview: Gain insights into the structure, functions, and financial operations of state and local governments in the U.S.
• Key Considerations: Understand compliance requirements, regulatory frameworks, and financial accountability standards.
• Objectives of Government Accounting: Learn about financial transparency, budgeting, and fostering public trust through effective accounting practices.
• Measurement & Basis of Accounting: Master concepts like accrual vs. modified accrual accounting, fund accounting, and financial reporting standards (GASB).

Course Highlights:

• Video 1: Overview – Discover the governing bodies of public sector financial reporting and the purpose of government funds.
• Video 2: Objectives and Usage – Build a foundational understanding of government structures and their financial objectives.
• Video 3: Measurement Focus & Basis of Accounting – Explore how accounting measurements impact financial reporting.
• Video 4: Purpose of Funds – Delve into the key concepts and objectives of fund-based accounting.
• Video 5: Key Considerations of Funds – Learn about fund accounting principles, measurement focus, and basis of accounting.

Why Take This Course?

Government accounting is crucial for ensuring financial transparency and compliance. This course equips you with practical insights and skills to understand and apply these principles effectively. Whether you’re preparing for a career in public finance or enhancing your professional expertise, this course is your gateway to success.