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Federal Accounting Concepts and Standards |
Course Introduction | The Department of the Treasury, Financial Management Service issues regulations and procedures for maintaining a system of central accounts upon which the consolidated results of the Federal Government's operations is maintained. The concepts and standards upon which agencies report financial transactions to the Financial Management Service are based upon Federal Accounting Concepts and Standards issued by the Federal Accounting Standards Advisory Board (FASAB). The primary basis for Federal accounting is the maintenance of a fund accounting system. This Course presents the basic understandings of the operation of the Federal Government's fund accounting system. To view other financial management courses, Go to FMSI Financial Management Training Curriculum Website | |
Learning Objectives | The objective of this course is to provide a basic understanding of the Federal Government's fund accounting system and the basic concepts and standards upon which Federal agencies maintain their accounts. |
Federal Fund Accounting Overview |
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Pre-Test (Optional) | ||
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Federal Fund Accounts | ||
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Appropriation, Fund and Receipt Account Symbols | ||
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End of Module Test (Post-Test) | ||
Federal Accounting Concepts and Standards |
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Pre-Test (Optional) | ||
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Selected Asset Accounts | ||
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Plant, Property and Equipment Asset Accounts | ||
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Inventory Asset Account | ||
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Direct Loans and Loan Guarantees | ||
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Liability Accounts | ||
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Revenue Accounts | ||
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Managerial Cost Accounting | ||
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Supplementary Stewardship Reporting | ||
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End of Module Test (Post-Test) |
End of Syllabus