Governmental Accounting & Financial Reporting
This course is offered annually in the spring. Materials and homework will be delivered via the Canvas online platform. In order to receive a certificate of completion for the course, all four online Canvas quizzes must be completed and you must attend all four live in-person sessions.
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.
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)
Visit the LGFCU website for more information and to submit an application.
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: Estimated Continuing Professional Education Credit for Certified Public Accountants is thirty (30) hours.
Teaching Methods: Lectures, exercises, case studies, and group discussions.
Prerequisites: It is recommended each participant has 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. Please contact smorris@sog.unc.edu with specific questions.
Level of Knowledge: Intermediate
| CPE | 30.00 hrs |
- March 12 - 15, 2024View 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)
Visit the LGFCU website for more information and to submit an application.
Shannon Morris
