Governmental Accounting & Financial Reporting

  • Chapel Hill, NC

The Governmental Accounting and Financial Reporting class will be offered virtually this year beginning Wednesday, July 15, 2020.  The class will be offered over five weeks and will meet via Zoom each successive Wednesday, 10:00 a.m. – 12:00 p.m., concluding on Wednesday, August 12, 2020.  Pre-recorded video lectures by Gregory Allison will be assigned to watch on your own between each Wednesday class.  Homework exercises will also be assigned for completion during the intervening week.  During the live Zoom sessions each Wednesday, there will be a review of the previous week’s materials and homework exercises, opportunities for Q&A, and a brief lecture that will introduce the following week’s materials.  Videos and homework will be delivered via the Sakai online platform.  Instructions will be provided on how to access and use Sakai the week before the class begins. The course materials will include a copy of the Government Finance Officers Association’s publication Governmental Accounting, Auditing, and Financial Reporting (also known as “The Blue Book” ) that will be mailed to participants prior to the first class. When registering, please ensure your mailing address is accurate and up-to-date.

This course covers the fundamentals of governmental accounting and financial reporting: concepts, standards, and procedures with a special emphasis on North Carolina laws and regulation. It is one of the core courses for the finance officers' certification program. The class uses lectures, class discussions, and practical exercises to address a number of topics, including the Local Government Budget and Fiscal Control Act, the role of the Local Government Commission, and extensive work with the governmental GAAP environment including the elements of fund accounting and external financial reporting. 

Certification Questions: See the links on the right side of this page for the information you need to know. 
 

Local Government Federal Credit Union offers scholarships to local government employees to apply toward tuition for conferences, classes, and seminars offered by the School of Government. There are four deadlines to submit applications:

  • March 1 (for courses starting between April 1 and June 30)
  • June 1 (for courses starting between July 1 and September 30)
  • September 1 (for courses starting between October 1 and December 31)
  • December 1 (for courses starting between January 1 and March 31)

Additional information

Attendees: Experienced finance officers and finance staff; each participant should bring a copy of his or her entity's latest annual financial report.

Credit: Recommended Continuing Professional Education Credit for Certified Public Accountants will be thirty-two (32) hours.

Teaching Methods: Lectures, exercises, case studies, and group discussions.

Prerequisites: Each participant must have completed successfully the Introduction to Local Government Finance seminar or an acceptable substitute, such as the successful completion of the first semester of a typical first-year course in Accounting Principles offered by North Carolina universities, colleges, and community colleges. Years of experience in a finance office, without formal training in the rudiments of accounting, will not qualify as the prerequisite.

Level of Knowledge: Intermediate


CPE32.00 hrs
  • Chapel Hill, NC
    March 23 - 26, 2021
    UNC School of Government
    400 South Road
    Chapel Hill, NC 27514
    View Scholarship Information

    Local Government Federal Credit Union offers scholarships to local government employees to apply toward tuition for conferences, classes, and seminars offered by the School of Government. There are four deadlines to submit applications:

    • March 1 (for courses starting between April 1 and June 30)
    • June 1 (for courses starting between July 1 and September 30)
    • September 1 (for courses starting between October 1 and December 31)
    • December 1 (for courses starting between January 1 and March 31)

There will be a texbook and suppliement along with a materials notebook handed out at check in. 

 

 

GAFR Agenda 2020 (pdf, 135 KB)
For all registration questions, resetting passwords, or login issues please contact:

Dale Zuckert

Assistant Registrar, Registration and Client Services Group
919.966.4414
For questions regarding course details, including location, schedule, materials, and continuing education credits, please contact:

Rachel Mintel

Program Associate, Local and State Government Group
919.962.6841