Governmental Accounting 300 Proprietary & Fiduciary Funds
4.4 (7 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
12,652 students enrolled

Governmental Accounting 300 Proprietary & Fiduciary Funds

Learn governmental fund accounting focusing in on proprietary funds (internal service & enterprise) and fiduciary funds.
4.4 (7 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
12,652 students enrolled
Last updated 9/2019
English
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Current price: $139.99 Original price: $199.99 Discount: 30% off
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This course includes
  • 16 hours on-demand video
  • 58 downloadable resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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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
Expand all 148 lectures 16:08:11
+ Governmental Accounting Overview
36 lectures 01:59:55
PDF - 106 Governmental Accounting vs Not-For-Profit Accounting
00:08
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
00:13
+ Proprietary Funds Introduction
7 lectures 14:55
3 Proprietary Funds Introduction
00:21
PDF - G2 Proprietary Funds Introduction
00:08
G2 Proprietary Funds Introduction
04:51
PDF - G4 Internal Service Funds
00:08
G4 Internal Service Funds
02:39
Multiple Choice G1
06:28
Accounting Comic Break
00:20
+ Internal Service Funds
17 lectures 02:53:30
4 Internal Service Funds
00:51
PDF - G19 Internal Service Fund Transactions
00:08
G19 Internal Service Fund Transactions
14:44
Excel Worksheet Download
00:05
Worksheet - G19 Internal Service Fund Transactions & Financial Statements Part 1
34:30
Worksheet - G19 Internal Service Fund Transactions & Financial Statements Part 2
29:06
PDF - G19B Internal Service Fund Closing Entries
00:08
G19B Internal Service Fund Closing Entries
09:36
PDF - G19C Internal Service Fund Financial Statements
00:08
G19C Internal Service Fund Financial Statements
16:25
PDF - G20 Internal Service Fund & Government-Wide
00:08
G20 Internal Service Fund & Government-Wide
24:20
Excel Worksheet Download
00:05
Worksheet - G20 Internal Service Fund & Gov Wide Trans & Financial Stmt Part 1
31:18
Worksheet - G20 Internal Service Fund & Gov Wide Trans & Financial Stmt Part 2.E
04:31
Multiple Choice G2
07:15
Accounting Comic Break
00:12
+ Enterprise Funds
12 lectures 01:50:41
5 Enterprise Funds
00:54
PDF - G21 Enterprise Funds
00:08
G21 Enterprise Funds
05:42
PDF - G24 Enterprise Fund Transactions
00:08
G24 Enterprise Fund Transactions
11:48
PDF - G25 Enterprise Fund Financial Statements
00:08
G25 Enterprise Fund Financial Statements
16:21
Excel Worksheet Download
00:05
Worksheet - G25 Enterprise Fund Part 1
44:13
Worksheet - G25 Enterprise Fund Part 2
23:41
Multiple Choice G3
07:20
Accounting Comic Break
00:13
+ Fiduciary Funds
25 lectures 02:13:15
6 Fiduciary Funds
00:31
PDF - H2 Fiduciary Funds Overview
00:08
H2 Fiduciary Funds Overview
02:46
PDF - H4 Custodial Funds
00:08
H4 Custodial Funds
04:20
PDF - H6 Trust Funds
00:08
H6 Trust Funds
03:53
PDF - H8 Investment Pools
00:08
H8 Investment Pools
04:05
PDF - H12 Pension Trust Funds
00:08
H12 Pension Trust Funds
10:37
PDF - H19 Custodial Fund & General Fund
00:08
H19 Custodial Fund & General Fund
14:46
Excel Worksheet Download
00:05
Worksheet - H19 Custodial Fund & General Fund
23:15
PDF - H20 Special Assessment Debt Fund
00:08
H20 Special Assessment Debt Fund
06:04
Excel Worksheet Download
00:05
Worksheet - H20 Special Assessment Debt Fund
08:46
PDF - H22 Investment Pool Trust Fund
00:08
H22 Investment Pool Trust Fund
16:32
Excel Worksheet Download
00:05
Worksheet - H22 Investment Pool Trust Fund
28:58
Multiple Choice G4
07:10
Accounting Comic Break
00:13
+ Financial Reporting of State & Local Governments
7 lectures 18:23
7 Financial Reporting of State & Local Governments
00:19
PDF - I2 Financial Reporting of State & Local Governments Introduction
00:08
I2 Financial Reporting of State & Local Governments Introduction
02:31
PDF - I4 Comprehensive Annual Financial Report (CAFR)
00:08
I4 Comprehensive Annual Financial Report (CAFR)
10:01
Multiple Choice G5
05:03
Accounting Comic Break
00:13
+ Reconciliation of Government Activates & Governmental Funds
13 lectures 01:37:01
8 Reconciliation of Government Activates & Governmental Funds
00:32
PDF - I20 Posting Transactions
00:08
I20 Posting Transactions
20:55
Excel Worksheet Download
00:05
Worksheet - I20 Posting Transactions
42:42
PDF - I21 Reconciliation of the Balance Sheet-Governmental Funds to the Statemen
00:08
I21 Reconciliation of the Balance Sheet-Governmental Funds to the Statement of N
08:56
Excel Worksheet Download
00:05
Worksheet - I21 Reconciliation of the Balance Sheet
07:11
Excel Worksheet Download
00:05
Worksheet - I22 Reconciliation of the Statement of Revenues, Expenditures, and C
08:32
Multiple Choice H1
07:21
Accounting Comic Break
00:21
+ Multiple Choice Practice Questions
6 lectures 32:20
9 Multiple Choice Practice Questions
00:28
Multiple Choice H2
08:23
Multiple Choice H3
08:38
Multiple Choice I1
04:10
Multiple Choice I2
10:26
Accounting Comic Break
00:15
+ Comprehensive Problem
24 lectures 04:23:04
10 Comprehensive Problem
00:52
Excel Worksheet Download G1
00:05
G1 Comp
27:31
Excel Worksheet Download G2
00:05
G2 Comp
25:51
Excel Worksheet Download G3
00:05
G3
20:35
Excel Worksheet Download G4 G5
00:05
G4 Comp
10:43
G4.5 Comp
13:42
Excel Worksheet Download G5 & 5.5
00:06
G5 Comp
13:50
G5.5 Comp
16:25
Excel Worksheet Download G6
00:05
G6 Comp
08:32
Excel Worksheet Download G7
00:05
G7 Comp
43:02
Excel Worksheet Download G8
00:05
G8 Comp
48:11
Excel Worksheet Download G9
00:05
G9 Comp
16:56
Excel Worksheet Download G10
00:05
G10 Comp
15:48
Accounting Comic Break
00:15