Government accounting systems
$2,300.00
Objectives
- To introduce participants to basic accounting concepts and how to flow accounting data through the accounting system
- Defining the participants in the accounting course and the methods of recording and migrating the accounting and inventory adjustments.
- To provide participants with the skills to apply the accounting procedures on an accrual basis and to determine the financial period of expenses and revenues
- Provide participants with the ability to close accounts and prepare final accounts and budgets
Who Should Attend?
- All employees working in finance departments
- Senior accountants and financial supervisors
- Financial Managers
- Financial observers
Seminar Outline
- Characteristics and objectives of government accounting.
- Explanatory theories of accounting in government units.
- Basis of accounting measurement used in government accounting.
- Government accounting rules.
- The technical components of the government accounting system (documents - books and records - reports).
- Practical applications on how to manage and implement the activities of the government accounting system.
DAY 1
- Basic accounting concepts and principles
- Principles and elements of accounting function
- Financial accounting terminology (assets, expenses, profit, cash audits, etc.)
- Financial statements: definition, uses
- The difference between accounting according to monetary basis and accounting according to the accrual basis
DAY 2
- Principles of accrual accounting
- Settlement of accounts
- Adjustment of expenses
- Revenue Adjustment
- Identification of receivables and introductions
- Preparing the balance of the audit after the settlement
- Various practical situations
DAY 3
- Preparation of settlement restrictions
- Set up lockout restrictions for accounts
- The balance of the audit after the closure restrictions
- Preparation of financial statements and final accounts of the revised audit balance
- Use the accounting worksheet to set up settlement and closing restrictions
DAY 4
- Preparation of adjustments and accounting restrictions for salaries and wages
- Preparation of the accounting adjustments and restrictions of the Covenant and safety
- Preparation of adjustments and accounting restrictions on advances and expenses
- Preparation of adjustments and accounting entries for revenues
- Preparation of accounting adjustments and restrictions
- Various applications and practical situations
