| Federal Government Accounting I (Paper-Based) |
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| Overview: |
| Learn the key concepts of federal government accounting, including accrual concepts, maintaining accurate journals and journal vouchers, managing accounts and ledgers, running trial balances and adjusting entries, and reading financial statements. Part of the Accounting and Federal Government Accounting Procedures Certificates .ACE College Credit Recommendation Service reviewed.
In this independent study paper-based course, you submit assignments to an instructor, who grades them and gives you feedback. The course manual comes with a CD that supplements course content. Take up to one year to complete.
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| Who Should Attend? |
| Federal employees who are engaged in financial management, budgeting and accounting functions and operations and who desire to refresh or expand their understanding of federal funds control, accounting requirements and practices. |
| Prerequisites: |
| Principles of Accounting I (ACCT1101C) or the equivalent. |
| Additional Information: |
| Complete course anytime within 1 year of registration date. All course materials are included. |
| Objectives: |
| Apply federal accounting, budget and financial management funds control concepts, standards, procedures and practicesRecognize and record budgetary and proprietary accounting transactions in the financial system for the individual financial eventPrepare accrual and adjusting entries to produce the period-end trial balance and other financial reportsPrepare closing entries to produce fiscal year-end financial statements and reportsUse the "T" account posting concept as a tool to simplify and facilitate the accuracy of posting accounting transactions to the General Journal and/or Standard General Ledger accounts |
| Syllabus: |
Syllabus -- Federal Government Accounting I, ACCT2260C, Grad. School, USDA
Lesson 1: The Nature of Federal Accounting
Lesson 2: Phases of the Federal Budget Process
Lesson 3: Accountable Events of the Federal Government
Lesson 4: Financial management and Accounting System Requirements
Lesson 5: Budget and Accounting Classification
Lesson 6: General Journal and U.S. Government Standard General Ledger
Lesson 7: Budgetary and Proprietary Accounting (Part 1)
Lesson 8: Budgetary and Proprietary Accounting (Part2)
Lesson 9: Adjusting the Appropriation SGL Accounts
Lesson 10: Closing Entries
Glossary
Appendix A: Forms and Worksheets
Appendix B: Chart of Accounts and Account Definitions
Student Response Sheets
Request for Final Examination
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