Government 101 Course

Unlock a comprehensive understanding of public sector finance with our Government 101 Course. This professional program defines government’s unique role, differentiating it from businesses and not-for-profits. We discuss how state and local government standards are developed and approved, and examine the critical role of a budget. Compare the purpose of government accounting standards versus those for businesses and not-for-profits, then summarize basic financial statements and Annual Comprehensive Financial Reports (ACFRs). The course describes the importance of funds and fund accounting, examining typical daily transactions. Finally, discover the significance of independent audits, including the crucial Single Audit, for state and local governments.