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30-Day Money-Back Guarantee
Finance & Accounting Accounting & Bookkeeping Government Contracting

Governmental Accounting 200 Capital Projects & Debt Service

Governmental Accounting-Capital Projects Fund & Debts Service Fund-Long Term Capital Projects Transactions
Rating: 4.1 out of 54.1 (36 ratings)
17,454 students
Created by Robert (Bob) Steele
Last updated 9/2019
English
English [Auto]
30-Day Money-Back Guarantee

What you'll learn

  • Governmental accounting core concepts
  • How to record capital assets for governmental accounting
  • How to record transaction to the capital project fund
  • How to record transaction related to large capital projects
  • How to create financial statements for the capital projects fund
  • Financing options including the issuance of bonds for capital projects
  • How to record transactions to the debt service fund
  • How to record transactions related to capital projects to the government wide activities, capital project fund, debts service fund & General Fund

Requirements

  • Understanding of the double entry accounting system. We also have governmental accounting 100 we recommend before taking this course.

Description

The course will focus on larger capital projects and the use of a capital project fund and debt service fund to track them.

We will cover governmental accounting objective, which will be a review from governmental accounting 100.

The course will discuss what capital assets are and how they are recorded in governmental accounting, comparing governmental accounting to for-profit accounting.

Students will learn to record transactions for the issuance of bonds used to finance capital projects, recording transactions at the government-wide level and in the capital project fund, debts service fund, and general fund.

We will create financial statements related to the capital project fund and the debt service fund.

The course will include a comprehensive problem, recording transactions to multiple funds.

As we learn each concepts the course will include Excel worksheets to be downloaded and used to work problems in a step by step format along with instructional videos.

Excel worksheet will generally have three tabs, one with the answer, one with a preformatted worksheet, and one with a blank worksheet.

Who this course is for:

  • Accounting students
  • CPA Exam Candidates

Course content

14 sections • 184 lectures • 20h 50m total length

  • Preview05:58

  • Preview00:17
  • Preview00:08
  • Preview08:34
  • PDF - 106 Governmental Accounting vs Not-For-Profit Accounting
    00:08
  • 106 Governmental Accounting vs Not-For-Profit Accounting
    10:05
  • PDF - 107 Does Non-Profit Mean Money Does Not Matter
    00:08
  • 107 Does Non-Profit Mean Money Does Not Matter
    08:39
  • PDF - 110A Governmental Accounting Objectives
    00:08
  • 110A Governmental Accounting Objectives
    09:04
  • PDF - 125A Government Financial Reporting Requirements
    00:08
  • 125A Government Financial Reporting Requirements
    06:20
  • PDF - 130A Federal Government Financial Reporting Overview
    00:08
  • 130A Federal Government Financial Reporting Overview
    01:15
  • PDF - 140B State & Local Governmental Accounting Objectives, Primary Users, &
    00:08
  • 140B State & Local Governmental Accounting Objectives, Primary Users, & Useful
    04:26
  • PDF - 150B State & Local Governmental Accounting Supplemental Information
    00:08
  • 150B State & Local Governmental Accounting Supplemental Information
    01:59
  • PDF - 160B State & Local Governmental Accounting Elements of Financial Statement
    00:08
  • 160B State & Local Governmental Accounting Elements of Financial Statements
    04:41
  • PDF - 170B State & Local Governmental Accounting Financial Reporting Model
    00:08
  • 170B State & Local Governmental Accounting Financial Reporting Model
    07:50
  • PDF - 180B State & Local Governmental Accounting Fund Reporting
    00:08
  • 180B State & Local Governmental Accounting Fund Reporting
    11:03
  • PDF - 190C Governmental Operating Statement Accounts Government-Wide Expenses &
    00:08
  • 190C Governmental Operating Statement Accounts Government-Wide Expenses & Revenu
    05:40
  • PDF - 200C Governmental Funds Characteristics
    00:08
  • 200C Governmental Funds Characteristics
    10:29
  • PDF - 210C Budgetary Accounts
    00:08
  • 210C Budgetary Accounts
    03:41
  • PDF - 220C Fund Balance Sheet & Operating Statement Accounts Budgetary Accounts
    00:08
  • 220C Fund Balance Sheet & Operating Statement Accounts Budgetary Accounts
    12:04
  • PDF - 230C Revenue Sources & Classifications
    00:08
  • 230C Revenue Sources & Classifications
    04:30
  • PDF -240C Encumbrances & Expenditures
    00:08
  • 240C Encumbrances & Expenditures
    06:33
  • Accounting Comic Break
    00:15

  • 3 Capital Assets Introduction
    01:21
  • PDF - E2 Capital Assets
    00:08
  • E2 Capital Assets
    07:15
  • PDF - E3 Capital Assets Required Disclosures
    00:08
  • E3 Capital Assets Required Disclosures
    01:50
  • PDF - E4 Types of Capital Assets
    00:08
  • E4 Types of Capital Assets
    08:12
  • PDF - E5 Construction Work in Progress
    00:08
  • E5 Construction Work in Progress
    03:30
  • PDF - E6 General Capital Assets Acquired Under Lease Agreement
    00:08
  • E6 General Capital Assets Acquired Under Lease Agreement
    02:52
  • PDF - E7 Asset Disposal or Reductions
    00:08
  • E7 Asset Disposal or Reductions
    03:07
  • 1 Multiple Choice Questions – Capital Project Fund – Governmental Accounting
    04:35
  • Accounting Comic Break
    00:16

  • 4 Capital Projects Fund, Bonds Issued for Capital Project, & Retained Percentage
    01:30
  • PDF -E8 Capital Projects Fund
    00:08
  • E8 Capital Projects Fund
    04:44
  • PDF -E9 Bonds Issued for Capital Project
    00:08
  • E9 Bonds Issued for Capital Project
    05:24
  • PDF - E10 Retained Percentage & Bond Anticipation Notes
    00:08
  • E10 Retained Percentage & Bond Anticipation Notes
    06:21
  • 2 Multiple Choice Questions – Capital Project Fund – Governmental Accounting
    08:56
  • Accounting Comic Break
    00:15

  • 5 Capital Project Fund, General Fund, & Government Wide Activity Transactions
    01:15
  • PDF - E18 Capital Assets Capital Projects Fund, General Fund, & Gov Wide Level
    00:08
  • E18 Capital Assets Capital Projects Fund, General Fund, & Gov Wide Level
    22:20
  • Excel Worksheet Download
    00:05
  • Worksheet E18 General Fund & Gov. Wide Activity
    30:19
  • PDF - E20 Capital Asset Acquired Under Lease Agreement Capital Project Fund &
    00:08
  • E20 Capital Asset Acquired Under Lease Agreement Capital Project Fund & Govern
    04:10
  • Excel Worksheet Download
    00:05
  • Worksheet - E20 Capital Lease Capital Project Fund & Government Wide
    06:27
  • PDF - E22 Capital Projects Fund & Government Wide
    00:08
  • E22 Capital Projects Fund & Government Wide
    20:05
  • Excel Worksheet Download
    00:05
  • Worksheet - E22 Capital Projects Fund & Government Wide
    34:16
  • 3 Multiple Choice Questions – Capital Project Fund – Governmental Accounting
    06:54
  • Accounting Comic Break
    00:15

  • 6 Financing Sources for Capital Projects Transactions
    01:13
  • PDF - E23 Financing Sources Capital Projects Fund & Government Wide Activity
    00:08
  • E23 Financing Sources Capital Projects Fund & Government Wide Activity
    15:44
  • Excel Worksheet Download
    00:05
  • Worksheet - E23 Financing sources Capital Projects Gov Wide
    24:28
  • 4 Multiple Choice Questions – Capital Project Fund – Governmental Accounting
    07:46
  • 1 Discussion Question – Capital Projects - Governmental Accounting
    1 question
  • Accounting Comic Break
    00:15

  • 7 Statement of Revenues Expenditures & Changes in Fund Balance
    01:04
  • PDF - E24 Capital Project Fund Statement of Revenues Expenditures & Changes in F
    00:08
  • E24 Capital Project Fund Statement of Revenues Expenditures & Changes in Fund Ba
    08:47
  • Excel Worksheet Download
    00:05
  • Worksheet - E24 Statement of Revenues Expenditures & Changes in FB
    10:26
  • 5 Multiple Choice Questions – Capital Project Fund – Governmental Accounting
    04:22
  • 2 Discussion Question – Capital Projects - Governmental Accounting
    1 question
  • Accounting Comic Break
    00:16

  • 8 Capital Project Fund & Government Wide Activities Transactions
    00:59
  • PDF -E25 Capital Projects Fund & Gov Wide Activity Part 1
    00:08
  • E25 Capital Projects Fund & Gov Wide Activity Part 1
    29:18
  • PDF - E25B Capital Projects Fund & Gov Wide Activity Part 2
    00:08
  • E25B Capital Projects Fund & Gov Wide Activity Part 2
    14:11
  • Excel Worksheet Download
    00:05
  • Worksheet - E25 Capital Projects Fund & Gov Wide Part 1
    33:32
  • Worksheet - E25 Capital Projects Fund & Gov Wide Part 2
    28:02
  • Worksheet - E25 Capital Projects Fund & Gov Wide Part 3
    14:54
  • PDF - E26 Capital Projects Fund Activity & Closing Entries
    00:08
  • E26 Capital Projects Fund Activity & Closing Entries
    11:35
  • PDF - E26B Capital Projects Fund Financial Statements
    00:08
  • E26B Capital Projects Fund Financial Statements
    09:46
  • Excel Worksheet Download
    00:05
  • Worksheet - E26 Capital Project Fund Activity & Close
    32:51
  • 6 Multiple Choice Questions – Capital Project Fund – Governmental Accounting
    05:37
  • 3 Discussion Question – Capital Projects - Governmental Accounting
    1 question
  • Accounting Comic Break
    00:16

  • 9 General Long-Term Liabilities & Debt Service Fund Overview
    01:28
  • PDF - F2 Governmental Accounting Long Term Liabilities
    00:08
  • F2 Governmental Accounting Long Term Liabilities
    05:56
  • PDF - F4 Governmental Accounting Debt Service Funds
    00:08
  • F4 Governmental Accounting Debt Service Funds
    04:14
  • PDF - F6 Governmental Accounting Types of Bonds
    00:08
  • F6 Governmental Accounting Types of Bonds
    02:33
  • PDF - F8 Debt Service Funds Financial Reporting Government-Wide Level
    00:08
  • F8 Debt Service Funds Financial Reporting Government-Wide Level
    00:46
  • PDF - F10 Debt Service Funds Leases
    00:08
  • F10 Debt Service Funds Leases
    02:48
  • 7 Multiple Choice Questions – Capital Project Fund – Governmental Accounting
    07:22
  • 4 Discussion Question – Capital Projects - Governmental Accounting
    1 question
  • Accounting Comic Break
    00:16

  • 10 Debt Service Fund, General Fund, Capital Project Fund & Gov. Wide Transaction
    01:28
  • PDF - F18 Debt Service, General, Gov. Wide & Capital Projects
    00:08
  • F18 Debt Service, General, Gov. Wide & Capital Projects
    18:42
  • Excel Worksheet Download
    00:05
  • Worksheet - F18 Debt Service, General, Gov Wide & Capital Projects
    32:03
  • PDF - F19 Debt Service Fund Budget & Journal Entries
    00:08
  • F19 Debt Service Fund Budget & Journal Entries
    08:45
  • Excel Worksheet Download
    00:05
  • Worksheet - F19 Debt Service Fund Budget & Journal Entries
    14:29
  • PDF - F20 Lease Financing Agreement
    00:08
  • F20 Lease Financing Agreement
    07:36
  • Excel Worksheet Download
    00:05
  • Worksheet - F20 Capital Lease
    10:43
  • 8 Multiple Choice Questions – Capital Project Fund – Governmental Accounting
    05:17
  • Accounting Comic Break
    00:15

Instructor

Robert (Bob) Steele
CPA, CGMA, M.S. Tax, CPI
Robert (Bob) Steele
  • 4.4 Instructor Rating
  • 15,909 Reviews
  • 329,664 Students
  • 95 Courses

Through working with students from many different schools, Mr. Steele has learned best practices for helping people understand accounting fast. Learning new skills and finding the best way to share knowledge with people who can benefit from it is a passion of his.  

Mr. Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. He has been a practicing CPA since 2005. Mr. Steele is a practicing CPA, has a Certified Post-Secondary Instructor (CPI) credential, a Master of Science in taxation from Golden Gate University, a Bachelor’s Degree in Business Economics with an emphasis in accounting from The University of California Santa Barbara, and a Global Management Accounting Designation (CGMA) from The American Institute of CPA (AICPA).  

Mr. Steele has also authored five books that can be found on Amazon or in audiobook format on Audible. He has developed bestselling courses in accounting topics including financial accounting and QuickBooks accounting software.  

In addition to working as an accountant, teaching, and developing courses Mr. Steele has helped create an accounting website at accountinginstruction, a YouTube channel called Accounting Instruction, Help, and How Too, and has developed supplemental resources including a Facebook Page, Twitter Page, and Podcasts that can be found on I-tunes, Stitcher, or Soundcloud. Mr. Steele's teaching philosophy is to make content applicable, understandable, and accessible.  

Adult learners are looking for application when they learn new skills. In other words, learners want to be able to apply skills in the real world to help their lives. Mr. Steele’s formal accounting education, practical work experience, and substantial teaching experience allow him to create a curriculum that combines traditional accounting education with practical knowledge and application. He accomplishes the goals of making accounting useful and applicable by combining theory with real-world software like Excel and QuickBooks.  

Many courses teach QuickBooks data entry or Excel functions but are not providing the real value learners want. Real value is a result of learning technical skills like applications, in conjunction with specific goals, like accounting goals, including being able to interpret the performance of a business.  

Mr. Steele makes knowledge understandable by breaking down complex concepts into smaller units with specific objectives and using step by step learning processes to understand each unit. Many accounting textbooks cram way too much information into a course, making it impossible to understand any unit fully. By breaking the content down into digestible chunks, we can move forward much faster.  

Mr. Steele also makes use of color association in both presentations and Excel worksheets, a learning tool often overlooked in the accounting field, but one that can vastly improve the speed and comprehension of learning accounting concepts.  

The material is also made understandable through the application of concepts learned. Courses will typically demonstrate the accounting concepts and then provide an Excel worksheet or practice problems to work through the concepts covered. The practice problems will be accompanied by an instructional video to work through the problem in step by step format. Excel worksheets will be preformatted, usually including an answer tab that shows the completed problem, and a practice tab where learners can complete the problem along with a step by step presentation video.  

Mr. Steele makes learning accounting accessible by making use of technology and partnering with teaching platforms that have a vision of spreading knowledge like Udemy.

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