Governmental Accounting 300 Proprietary & Fiduciary Funds

Governmental Accounting 300 Proprietary & Fiduciary Funds

Governmental Accounting 300 Proprietary & Fiduciary Funds

Learn governmental fund accounting focusing in on proprietary funds (internal service & enterprise) and fiduciary funds.

Language: english

Note: 4.3/5 (39 notes) 26,635 students

Instructor(s): Robert (Bob) Steele

Last update: 2019-09-14

What you’ll learn

  • What governmental accounting is
  • Governmental fund accounting
  • What proprietary funds are
  • How to account for proprietary fund
  • How an internal service fund is used
  • How to account for internal service funds
  • What enterprise funds are
  • How to account for enterprise funds
  • What fiduciary funds are
  • How to account for fiduciary funds
  • Enter financial transactions and create financial reports
  • Perform reconciliation of Government Activates & Governmental Funds

 

Requirements

  • Understanding of basic accounting terms – We also have Governmental accounting 100 & 200 we recommend before this course

 

Description

Governmental Accounting 300 Proprietary & Fiduciary Funds will focus in on the accounting for proprietary and fiduciary funds.

We recommend first taking Governmental Accounting 100 and Governmental Accounting 200 or have equivalent experience before taking this course.

The course will provide an overview of governmental accounting. As we move through the course, we will focus on areas of governmental accounting that are different from for-profit accounting.

We will consider what proprietary funds are and when a proprietary would be used within governmental accounting. Learners will understand the accounting methods and principles applied to proprietary funds. The two types of proprietary funds are internal service funds and enterprise funds.

Learners will learn what an internal service fund is and when an internal service fund will be used. We will demonstrate example problems related to the internal service fund and provide students with the opportunity to work practice problems in Excel along with step-by-step instructional videos and an answer key. As we record accounting transactions for the internal service fund, we will also consider how other related funds may be affected and record appropriate transactions to them. We will also record transactions related to the government-wide level.

The course will explore what an enterprise fund is and when an enterprise fund will be used. Students will have the opportunity to view and then work multiple problems related to an enterprise fund. As we consider the accounting for the enterprise fund, we will also see how other funds may be affected and will enter transactions at the government-wide level.

Next, we will obtain an understanding of what fiduciary funds are and when they will be used. The course will discuss different examples of fiduciary funds. We will demonstrate problems and provide students with the opportunity to work problems related to fiduciary funds.

The course will demonstrate financial reporting for state and local governments. We will also demonstrate the reconciliation of governmental activities and governmental funds and provide example problems for learners to work through in a step-by-step process along with instructional videos.

The course will also include a comprehensive problem.

 

Who this course is for

  • Accounting students
  • CPA Exam Candidates

 

Course content

  • Introduction
    • Introduction
  • Governmental Accounting Overview
    • 2 Governmental Accounting Objectives & Reporting Requirements
    • PDF – 105 Governmental Accounting Objectives
    • 105 Governmental Accounting Objectives
    • PDF – 106 Governmental Accounting vs Not-For-Profit Accounting
    • 106 Governmental Accounting vs Not-For-Profit Accounting
    • PDF – 107 Does Non-Profit Mean Money Does Not Matter
    • 107 Does Non-Profit Mean Money Does Not Matter
    • PDF – 110A Governmental Accounting Objectives
    • 110A Governmental Accounting Objectives
    • PDF – 125A Government Financial Reporting Requirements
    • 125A Government Financial Reporting Requirements
    • PDF – 130A Federal Government Financial Reporting Overview
    • 130A Federal Government Financial Reporting Overview
    • PDF – 140B State & Local Governmental Accounting Objectives, Primary Users, &
    • 140B State & Local Governmental Accounting Objectives, Primary Users, & Useful
    • PDF – 150B State & Local Governmental Accounting Supplemental Information
    • 150B State & Local Governmental Accounting Supplemental Information
    • PDF – 160B State & Local Governmental Accounting Elements of Financial Statement
    • 160B State & Local Governmental Accounting Elements of Financial Statements
    • PDF – 170B State & Local Governmental Accounting Financial Reporting Model
    • 170B State & Local Governmental Accounting Financial Reporting Model
    • PDF – 180B State & Local Governmental Accounting Fund Reporting
    • 180B State & Local Governmental Accounting Fund Reporting
    • PDF – 190C Governmental Operating Statement Accounts Government-Wide Expenses &
    • 190C Governmental Operating Statement Accounts Government-Wide Expenses & Revenu
    • PDF – 200C Governmental Funds Characteristics
    • 200C Governmental Funds Characteristics
    • PDF – 210C Budgetary Accounts
    • 210C Budgetary Accounts
    • PDF – 220C Fund Balance Sheet & Operating Statement Accounts Budgetary Accounts
    • 220C Fund Balance Sheet & Operating Statement Accounts Budgetary Accounts
    • PDF – 230C Revenue Sources & Classifications
    • 230C Revenue Sources & Classifications
    • PDF – 240C Encumbrances & Expenditures
    • 240C Encumbrances & Expenditures
    • Accounting Comic Break
  • Proprietary Funds Introduction
    • 3 Proprietary Funds Introduction
    • PDF – G2 Proprietary Funds Introduction
    • G2 Proprietary Funds Introduction
    • PDF – G4 Internal Service Funds
    • G4 Internal Service Funds
    • Multiple Choice G1
    • Accounting Comic Break
  • Internal Service Funds
    • 4 Internal Service Funds
    • PDF – G19 Internal Service Fund Transactions
    • G19 Internal Service Fund Transactions
    • Excel Worksheet Download
    • Worksheet – G19 Internal Service Fund Transactions & Financial Statements Part 1
    • Worksheet – G19 Internal Service Fund Transactions & Financial Statements Part 2
    • PDF – G19B Internal Service Fund Closing Entries
    • G19B Internal Service Fund Closing Entries
    • PDF – G19C Internal Service Fund Financial Statements
    • G19C Internal Service Fund Financial Statements
    • PDF – G20 Internal Service Fund & Government-Wide
    • G20 Internal Service Fund & Government-Wide
    • Excel Worksheet Download
    • Worksheet – G20 Internal Service Fund & Gov Wide Trans & Financial Stmt Part 1
    • Worksheet – G20 Internal Service Fund & Gov Wide Trans & Financial Stmt Part 2.E
    • Multiple Choice G2
    • Accounting Comic Break
  • Enterprise Funds
    • 5 Enterprise Funds
    • PDF – G21 Enterprise Funds
    • G21 Enterprise Funds
    • PDF – G24 Enterprise Fund Transactions
    • G24 Enterprise Fund Transactions
    • PDF – G25 Enterprise Fund Financial Statements
    • G25 Enterprise Fund Financial Statements
    • Excel Worksheet Download
    • Worksheet – G25 Enterprise Fund Part 1
    • Worksheet – G25 Enterprise Fund Part 2
    • Multiple Choice G3
    • Accounting Comic Break
  • Fiduciary Funds
    • 6 Fiduciary Funds
    • PDF – H2 Fiduciary Funds Overview
    • H2 Fiduciary Funds Overview
    • PDF – H4 Custodial Funds
    • H4 Custodial Funds
    • PDF – H6 Trust Funds
    • H6 Trust Funds
    • PDF – H8 Investment Pools
    • H8 Investment Pools
    • PDF – H12 Pension Trust Funds
    • H12 Pension Trust Funds
    • PDF – H19 Custodial Fund & General Fund
    • H19 Custodial Fund & General Fund
    • Excel Worksheet Download
    • Worksheet – H19 Custodial Fund & General Fund
    • PDF – H20 Special Assessment Debt Fund
    • H20 Special Assessment Debt Fund
    • Excel Worksheet Download
    • Worksheet – H20 Special Assessment Debt Fund
    • PDF – H22 Investment Pool Trust Fund
    • H22 Investment Pool Trust Fund
    • Excel Worksheet Download
    • Worksheet – H22 Investment Pool Trust Fund
    • Multiple Choice G4
    • Accounting Comic Break
  • Financial Reporting of State & Local Governments
    • 7 Financial Reporting of State & Local Governments
    • PDF – I2 Financial Reporting of State & Local Governments Introduction
    • I2 Financial Reporting of State & Local Governments Introduction
    • PDF – I4 Comprehensive Annual Financial Report (CAFR)
    • I4 Comprehensive Annual Financial Report (CAFR)
    • Multiple Choice G5
    • Accounting Comic Break
  • Reconciliation of Government Activates & Governmental Funds
    • 8 Reconciliation of Government Activates & Governmental Funds
    • PDF – I20 Posting Transactions
    • I20 Posting Transactions
    • Excel Worksheet Download
    • Worksheet – I20 Posting Transactions
    • PDF – I21 Reconciliation of the Balance Sheet-Governmental Funds to the Statemen
    • I21 Reconciliation of the Balance Sheet-Governmental Funds to the Statement of N
    • Excel Worksheet Download
    • Worksheet – I21 Reconciliation of the Balance Sheet
    • Excel Worksheet Download
    • Worksheet – I22 Reconciliation of the Statement of Revenues, Expenditures, and C
    • Multiple Choice H1
    • Accounting Comic Break
  • Multiple Choice Practice Questions
    • 9 Multiple Choice Practice Questions
    • Multiple Choice H2
    • Multiple Choice H3
    • Multiple Choice I1
    • Multiple Choice I2
    • Accounting Comic Break
  • Comprehensive Problem
    • 10 Comprehensive Problem
    • Excel Worksheet Download G1
    • G1 Comp
    • Excel Worksheet Download G2
    • G2 Comp
    • Excel Worksheet Download G3
    • G3
    • Excel Worksheet Download G4 G5
    • G4 Comp
    • G4.5 Comp
    • Excel Worksheet Download G5 & 5.5
    • G5 Comp
    • G5.5 Comp
    • Excel Worksheet Download G6
    • G6 Comp
    • Excel Worksheet Download G7
    • G7 Comp
    • Excel Worksheet Download G8
    • G8 Comp
    • Excel Worksheet Download G9
    • G9 Comp
    • Excel Worksheet Download G10
    • G10 Comp
    • Accounting Comic Break

 

Governmental Accounting 300 Proprietary & Fiduciary FundsGovernmental Accounting 300 Proprietary & Fiduciary Funds

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