Specialized Accounting of Governmental Entities  

Upon successful completion of this course, the user should be able to:

• explain the basic concepts for the specialized provisions of the governmental accounting model,

• outline the mission of the Governmental Accounting Standards Board,

• determine when governmental accounting principles will apply for specific entities,

• explain why fund accounting is a critical component of governmental accounting,

• describe the types of funds used in governmental accounting,

• summarize the basis of accounting and measurement focus used in each type of fund,

• determine what type of fund should be used to record specific governmental programs or services,

• establish accounting systems to administer governmental assets, and

• discuss the various types of investments for governmental entities.