Standard General Ledger: Basic

Description:

This course presents the U. S. Government Standard General Ledger (SGL) document components and explains the objectives and policies of the SGL. It is designed to differentiate between budgetary and proprietary accounting and explains the integration of budgetary and proprietary SGL accounts. It provides a full explanation of the basic flow of transactions and required pro forma entries.

This course is continuously updated to present the most recent changes to accounts and pro forma entries. SGL: Basic is the first course in the SGL series of courses.

Major topics include:

• Accounting for basic operating appropriations and reimbursable work
• Information contained in the SGL accounts and how the accounts are used
• The most common accounting transactions and accounts used in federal agencies
• Practical exercises and case studies to reinforce course content

Who should attend:

Those who have an understanding of accounting and would like to obtain information on the structure and flow of SGL financial transactions.

Meets Selected Core Competencies for:

• Accountants
• Budget Analysts
• Financial Managers

Prerequisites:

• Accrual World or an understanding of accounting on and basic accounting accruals.