Fundamentals of Federal Financial Accounting

Description:

This course provides a topical overview of many federal financial management programs. Students will become familiar with various financial programs and gain insights into how the programs work.

Major topics include:

• The Federal Budget Process
• Appropriations Law
• Agency Locator Codes
• Treasury Account Symbols
• Governmentwide Accounting
• Legislative History
• Steps in the Accounting Process
• Comparison of Accounting and Budget Process
• Key Players

Further information about Accounting Concepts and Definitions; General Ledger-Journal-Trial Balance; Standard General Ledger; Standard Chart of Accounts; Accrual vs Cash Basis Accounting; Financial Reports and Statements; Pre-Closing; FACTS I and FACTS II; and, SF-133, Statement of Budgetary Resources will also be provided.

Who should attend:

Anyone who wishes to understand the above listed federal financial programs.

Prerequisites:

• None