Governmental and Not-For-Profit Accounting

Accounting Courses , Governmental Accounting ,

Governmental and Not-For-Profit Accounting

This course covers topics taught in a Governmental and Not-For-Profit accounting course at an undergraduate/graduate level. This course cover 20 to 25% for the FAR section of the CPA exam. See Intermediate II and III.

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Mansour Farhat · 21 March 2023

Course Description

This course benefits governmental and not-for-profit accounting students and CPA (FAR) candidates. It is a supplementary course for your education and an investment in your future.

Course Topics:

Introduction to Financial Reporting
Government Fund Accounting
Modified Accrual Accounting
Governmental Budgeting
Recognizing Revenues and Expenditures
Capital Project and Debt Funds
Proprietary (Enterprise) Funds
Fiduciary, Pension and Permanent Funds
Comprehensive Annual Financial Report (CAFR)
Reconciliation of Governmental-Wide Financial Statements
Accounting Not-For-Profit Organization
Unrelated Business Income Tax (UBIT)
Accounting for Health Care Providers
Performance Evaluation
Government and Not For Profit Ratios
Governmental Auditing Standards-Yellow Book
The single Audit Act of 1984

Course Features:

55+ Videos Lectures (16 Hours+)
PowerPoint slides
300+ MC questions

Course Content

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✅⛔Please Start Here! 3 Topics

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🎥⛔How to use your governmental and not for profit accounting course and welcoming message? ✅Please View First

🎥Introduce Yourself & Connect with Others

🎥Save Money on Your Subscription

🎥Introduce Yourself & Connect with Others

💡Chapter 1: Introduction to Financial Reporting for Governmental Units 3 Topics | 3 Quizzes

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🎥Introduction to Governmental Accounting

🎥Objective of Financial Reporting for State and Local Governments

🎯GA Objectives of Financial Reporting

🎥Governmental Accounting Standards Board (GASB)

🎯GA Governmental Accounting Standards

🎯GA Chapter 1 Quiz 1 TF

💡Chapter 2: Governmental Fund Accounting + ACFR 17 Topics | 5 Quizzes

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🎥What is Fund Accounting?

🎥Governmental Funds

🎥Proprietary Funds

🎥Fiduciary Funds

🎥Example: Governmental Fund

🎥Example Governmental funds

🎥Fund accounting example: CPA Exam Simulation

🎥Elements of Governmental Financial Statements

🎥Modified Accrual Accounting

🎥Example: Modified Basis Vs Cash Vs Full Accrual

🎯GA Fund Accounting

🎥Government Wide Financial Statements

🎥Example Modified Vs. Gov. Wide

🎯GA Government-wide FS

🎥Annual Comprehensive Financial Report (ACFR)

🎯GA Annual Comprehensive Financial Report (ACFR)

🎥Component Units

🎯GA Component Units

🎥Management’s Discussion and Analysis (MD&A) for Government

🎥Notes to the Financial Statements

🎥Required Supplementary Information (other than MD&A)

🎯GA Chapter 2 Quiz 1 TF

💡Chapter 3: Fund Balance, Net Position, and Governmental Budgeting 6 Topics | 4 Quizzes

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🎥Categories of Fund Balance

🎯GA Fund Balances

🎥Net Position in Governmental Accounting

🎯GA Net Position in Governmental Accounting

🎥Governmental Budgeting | Appropriations | Encumbrances | Estimated Revenues

🎥Example: Governmental Budgeting: Appropriations, Encumbrances, Estimated Revenues

🎥Encumbrances Lapse at Year End | Encumbrances Don’t Lapse at Year End

🎥Example Budgetary Governmental Accounting

🎯GA Governmental Budgeting

🎯GA Chapter 3 Quiz 1 TF

💡Chapter 4: Recognizing Revenue in Governmental Accounting 9 Topics | 2 Quizzes

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🎥Revenue Recognition for Governmental Accounting

🎥Derived Taxes

🎥Imposed non-taxable Exchange

🎥Mandated non exchange

🎥Voluntary non exchange

🎥Governmental Grants | On Behalf Payments | Revenue Recognition

🎥Governmental Revenue Recognition Sale of Assets | Permits and Licenses Revenues

🎥Example: Governmental Grant Revenue Recognition

🎥Example: Modified Accrual Basis Revenue

🎯GA Revenue Recognition

🎯GA Chapter 4 Quiz 1 TF

💡Chapter 5: Recognizing Expenditure in Governmental Accounting 10 Topics | 3 Quizzes

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🎥Expenditures vs. Expenses

🎥Compensated Absences Expenditures

🎥Example: Compensated Absences Expenditures

🎥Pension Expenditure

🎥Claims and Judgments Expenditures

🎥Material Supplies | Prepaid Expenditures

🎯GA Expenditures

🎥Expenditures for Capital Asset, Interest, Principal and Capital/Operating Lease

🎯GA Capital Assets

🎥Nonexchange Expenditures

🎥Interfund Governmental Activities

🎥CPA Questions Interfund Governmental Activities

🎯GA Interfund Activities

💡Chapter 6: Capital Project and Debt Fund 3 Topics | 3 Quizzes

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🎥Capital Project Funds

🎥Example: Capital Project funds

🎯GA Capital Project Funds

🎥Debt Service Funds

🎯GA Debt Service Funds

🎯GA Chapter 6 Quiz 1 TF

💡Chapter 7: Proprietary Funds | Enterprise Fund (Business Like) 7 Topics | 3 Quizzes

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🎥Accounting for Proprietary Funds | Enterprise funds

🎥Example: Journal Entries for Enterprise Funds | Financial Statements

🎥Enterprise Funds | Landfill Cost

🎥Accounting for Internal Service Funds | Proprietary Funds

🎯GA Accounting for Proprietary funds

🎥Cash Flow statement for proprietary Funds

🎥Example Cash Flow Statement for Proprietary Funds

🎯GA Cash Flow Statement for Proprietary Funds

🎥CPA Exam Questions. Proprietary Funds

🎯GA Chapter 7 Quiz 1 TF

💡Chapter 8: Fiduciary Funds | Pension Funds | Permanent Funds 4 Topics | 2 Quizzes

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🎥Agency/custodian Funds

🎥Private Purpose/Investment Trust Funds

🎥Pension Trust Funds

🎥Permanent Funds

🎯GA Permanent Funds

🎯GA Chapter 8 Quiz 1 TF

💡Chapter 9: CAFR and Reconciliation Fund-Basis and Governmental-Wide FS 6 Topics | 3 Quizzes

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🎥Reconciliation Government Wide Financial Statements Capital Assets

🎥Reconciliation Government Wide Financial Statements: Long Term Debt

🎥Reconciliation Government Wide Financial Statements: Revenues and Expenses

🎥Reconciling Internal Service Funds to Government Wide Financial Statements

🎥Comprehensive Example: Preparing Government Wide Financial Statements

🎯GA Reconciling Government-Wide FS

🎥Capital Assets in Government-wide FS

🎯GA Capital Assets in Government-wide FS

🎯GA Reconciling Government-Wide FS TF

💡Chapter 10: Not-for-Profit Organizations 8 Topics | 3 Quizzes

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🎥Introduction to Not For Profit Accounting | Statement of Financial Postilion

🎥Statement of Activities

🎥Statement of Cash Flows

🎥Contribution Revenue for Not For Profit | Pledges

🎥Contribution of services

🎥Donated Material | Donated Assets | Special Events

🎥Accounting for Expenses at Not For Profit Accounting | Example

🎥Unrelated Business Inocme Tax UBIT

🎯Not For Profit TF

🎯Not For Profit: 32 MCQs

🎯Not For Profit: 33 AICPA Questions

💡Chapter 11: Accounting for Health Care Providers 4 Topics | 1 Quiz

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🎥Accounting for Health Care Providers

🎥Accounting for Allowable Cost Reimbursement

🎥Accounting for Contingent Liabilities, Malpractice Insurance and Insurance Premium for Health Care

🎥Financial Statements for Health Care Providers

🎯NFP Accounting for Health Care Providers

💡Chapter 12: Performance Evaluation 3 Topics

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🎥Performance Evaluation for Not-for-Profit Organizations

🎥Government Performance Evaluation: Ratios

🎥Service Efforts and Accomplishments (SEA) Reporting

💡Chapter 13: Governmental Auditing Standards and Single Audit Act of 1984 2 Topics | 2 Quizzes

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🎥Government Auditing Standards – Yellow Book

🎥The Single Audit Act of 1984

🎯Governmental Financial Auditing GAGAS Yellow Book Single Audit Act AA: 22 MCQs

🎯Governmental Financial Auditing GAGAS Yellow Book Single Audit Act TF AA

About Instructor

Mansour Farhat

45 Courses

+1662 enrolled

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$29.99

Course Includes

15 Lessons
85 Topics
34 Quizzes