Singleton Associates will customize Government Accounting and Auditing: Standards, Practices and Procedures for your organization and incorporate your financial statements and budgets. CONTACT US for details.
I. Generally Accepted Accounting Principles (GAAP) and Generally Accepted Auditing Standards (GAAS)
Definitions
GAAP Principles (Rules)
Governmental Accounting Standards Board (GASB)
Financial Accounting Standards Board (FASB)
Securities and Exchange Commission (SEC)
GAAS Standards (Rules)
American Institute of Certified Public Accountants (AICPA)
SEC
General Accounting Office (GAO)
United States Congress
Office of Management and Budget (OMB)
II. Accounting By Government
National Council on Governmental Accounting (NCGA)
Governmental Accounting Standards Board
Financial Accounting Standards Board
"Due Process" for Standards
III. The Audit Report
Meaning and Significance
7 Parts of the Financial Audit Report
Auditor Opinions
Unqualified
Qualified
Explanatory paragraphs
Joint Audits
Primary Government
Component Units
Parts of Single Audit Report
IV. GAAP Financial Statements
Letter of Transmittal
Certificate of Excellence
Comprehensive Annual Financial Report (CAFR)
General Purpose Financial Statements
Combining Fund Statements
Individual Fund Statements
Footnotes
Supplemental Information and Schedules
Statistical Section
V. Accounting by Government
12 Accounting Principles
GASB Accounting Statements
Analysis of CAFR by Fund Types
VI. Auditing of Governments
Financial Statement Audits
Single Audits
Program Audits
Other Reviews
Pre-award Survey
Post Award Review
Cost-incurred Audit
VII. Accounting and Reporting by Governmental Units
Reporting
Blended
Discrete
Footnotes
Accounting Alternatives
General Fund
Special Revenue Fund
Combining Statements
Component Unit
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Listen to what some past attendees have to say about Government Accounting and Auditing: Standards, Practices, and Procedures:
"I have been through many graduate accounting courses. No one has the experience and knowledge Professor Tierney possesses."
Financial Analyst
U.S. Department of Housing and Urban Development Real Estate Assessment Center
"Great job! Neil Tierney made a very dry subject really interesting and informative."
Financial Analyst
U.S. Department of Housing and Urban Development Real Estate Assessment Center
"This is the most informative, necessary, and beneficial course HUD/REAC has ever offered. Extremely useful and easy to understand. Outstanding! Both Drs. Tierney and Singleton were thoroughly prepared and provided us with a wealth of information. Every financial analyst ... should be required to take this course."
Analyst
U.S. Department of Housing and Urban Development Real Estate Assessment Center
"Professor Tierney -- an outstanding instructor who has excellent knowledge of the field of accounting, both public and private sector."
Auditor
U.S. Department of Housing and Urban Development Real Estate Assessment Center
"Excellent course - I'd recommend it to all accountants/auditors who enter government."
Financial Analyst
U.S. Department of Housing and Urban Development Real Estate Assessment Center
"The course materials were very well organized. The professors were very knowledgeable of the subject matter."
Financial Analyst
U.S. Department of Housing and Urban Development Real Estate Assessment Center
"Professor Tierney brought [the] material to life [and] gave it meaning and value."
Financial Analyst
TARC
"Connects the single audit, yellow book, and GAAS."
Financial Analyst
U.S. Department of Housing and Urban Development Real Estate Assessment Center
Who Should Attend? | Key Points | Why a Treasure Hunt? | Custom Seminars
Who Should Attend the Accounting Treasure Hunt®:
• Anyone who wants to understand the balance sheet, income statement, and statement of cash flows.
• Anyone who wants to learn accounting and finance basics from the perspective of a high tech firm.
• Anyone who wants to understand basic financial analysis.
• Anyone who wants to understand what is meant by “profit.”
• Anyone who wants to understand how to read and interpret financial statements.
• Anyone who likes to learn and have fun at the same time!
The Accounting Treasure Hunt is designed FOR business professionals BY business professionals. The Accounting Treasure Hunt was developed by a collaboration of accountants, auditors, investment bankers, attorneys, and academics, all of whom have extensive business experience and excellent communication skills.
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key points You will understand after attending:
• Accounting Fundamentals and Basic Terminology
• Generally Accepted Accounting Principles (The House of GAAP)
• Basic Financial Statements
• Balance Sheet, Including the Fundamental Accounting Equation
• Income Statement, Including Revenues and Expenses
• Statement of Cash Flows
• Corporate Basics - We will form a corporation - Each participant owns "shares" in our start-up company
• Revenue Recognition for Companies that Sell Services and Products
• Accrual Basis versus the Cash Basis of Accounting
• C-A-S-H - The four letter word everyone loves
• Expense Recognition
• Income Statement versus the Statement of Cash Flows
• What it Means to Capitalize a Cost versus Expensing It
• Stock-Based Compensation (including stock options)
• Mergers and Acquisitions (M&A)
• Goodwill
• Research and Development (R&D) Costs
• Software Development Costs
• The Independent Auditor's Report - What it Means
• Do much, much, more, all while having more fun than you ever imagined possible in an accounting seminar.
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Why an Accounting Treasure Hunt?
Imagine starting your own company with your friends and family. Your goal is to build and grow your business, all the while searching for the treasure of accounting knowledge and understanding. During the Treasure Hunt you learn about many of the business issues companies face, including stock options, mergers and acquisitions (M&A), lease versus purchase decisions, and revenue recognition. You also acquire another company and deal with a myriad of accounting issues, including goodwill - all while having fun hunting for treasure.
Throughout The Accounting Treasure Hunt You Will Learn What the Numbers Mean and (Even More Important) What They Don't Mean.
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We develop Custom Seminars for many of the world’s leading organizations.
The Accounting Treasure Hunt was designed with customization in mind, and has been delivered to many of the world’s leading organizations. Let us develop a Custom Accounting Treasure Hunt seminar for you.
We can deliver our outstanding off-the-shelf program or incorporate your financial statements, transactions, and operating procedures to develop an Accounting Treasure Hunt for your organization, and deliver it anywhere in the world. We offer competitive pricing for all of our seminars, and discounts for multiple deliveries.
Let us develop an Accounting Treasure Hunt Custom Seminar for you! Contact Us for more information or learn more in our new eight-page brochure. (Adobe Acrobat format, 196kb)
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