Government Accounting, Budget Practices, And Capital Funding

This course teaches the fundamentals of state and local government accounting, decision-making and budget practices.

What you'll learn
Discover the basic accounting principles applicable to governments and recognize how to use comprehensive annual financial reports and other financial documents to evaluate financial strengths or weaknesses of government enterprises.
Explore the processes, techniques, and methods used by governments to prepare, adopt, and execute budgets.
Identify how governments plan and fund ”brick and mortar” infrastructure projects and the analytical techniques used to make sound capital decisions in the public interest including cost-benefit analysis.
Explore the elements of municipal bond issuance, underwriting, credit analysis, and, investment management.
Discover the causes of fiscal distress and the Ch. 9 bankruptcy filing process.
Requirements
Prerequisites: None
Advanced Preperation: None
Description
The fundamentals of state and local government accounting, decision-making, budget practices, and capital planning and funding are taught in this course. The first section of the course provides an overview of generally accepted accounting principles (GAAP) and financial reporting. This is followed by an introduction to  funding and allocation of resources, and financial decision-making. The course then introduces the various budget processes and techniques employed by governments in budget preparation, enactment, and execution. The course ends with an examination of how governments fund capital improvements and infrastructure renewal as well as the causes of fiscal distress faced by government entities.This course is brought to you by Illumeo. Illumeo, incorporated in 2009, is revolutionizing the hide-bound world of corporate learning. Illumeo works with corporate professionals and organizations of all sizes to build the skills and capabilities that help everyone be an expert at their job. Based in Silicon Valley, CA, Illumeo serves thousands of corporations and corporate professionals across Finance, Accounting, Human Resources, Sales and Marketing. The platform offers assessments, industry-benchmarked competency analyses, hundreds of expert-developed courses, collaborative tools, and the ability for companies to self-publish internal courses that promote institutional knowledge retention and dissemination. Illumeo is the place for expertise management and we are dedicated to the proposition that everyone can be an expert at their job.

Overview

Section 1: Introduction

Lecture 1 Introduction to Government Accounting, Budget Practices, and Capital Funding

Lecture 2 Fund Based Statements

Lecture 3 Program Audit and Evaluation

Lecture 4 Time Value of Money

Lecture 5 Public Policy Analysis

Lecture 6 State and Local Government System

Lecture 7 Budget Processes

Lecture 8 Revenues and Budget Pressures

Lecture 9 Capital Improvements

Lecture 10 Course Summary

Section 2: Supporting Materials

Lecture 11 Slides: Government Accounting, Budget Practices, and Capital Funding

Lecture 12 Government Accounting, Budget Practices, and Capital Funding Glossary/Index

Section 3: Review and Test

Anyone interested in Accounting, Finance or related fields.