Accounting for State and Local Governmental Units: Objectives
1. Learn about the historical development of accounting principles for state and local
governmental units.
2. Understand the need for fund accounting and its basic premises.
3. Perform transaction analysis using proprietary and governmental accounting models.
4. Recognize various fund categories, as well as their measurement focus and basis of accounting.
5. Review basic governmental accounting principles.
6. Learn about the contents of a governmental entity's comprehensive annual financial report.