Coming in 2026: With a fresh, straightforward approach, this course introduces fund accounting as it relates to state and local governmental entities and those reporting under GASB. The course covers the various fund types, including the accounting basis and measurement focus of each type. Through creative case studies and fun activities, participants engage while learning the purpose and structure of fund accounting, including the related nuances of recognition and transactions. This course is relevant for auditors, accountants, other service providers, and individuals associated with governmental entities or their governing bodies.  Topics include:

• Defining the funds under governmental accounting, including clarifying their intention and defining major versus nonmajor funds
• Types of funds, including identifying and practicing the accounting basis and measurement focus of each
• Fund-level revenue and expense/expenditure recognition accounting for different purposes and fund types
• Equity categories at the fund level, including differences in terms and typical items included
• Definition and purpose of deferred inflows and outflows of financial resources at the fund level