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Product Description
The first final project for this course is the creation of an accounting workbook and accompanying informational report to taxpayers.
Governments are unique in that most of their revenue comes from taxes and fees imposed upon the citizens. It is the responsibility of the government accountant to provide accountability for these funds through financial reports.
By working through this project, you will understand how revenues and expenditures are accounted for in governments. The information is presented in various funds that provide accountability at a more detailed level through fund-level statements. The information is also presented in big-picture form through government-wide statements.
In the accounting workbook and report, you will use course-provided information to( 1) analyze government transactions for various funds in accordance with the standards of the Government Accounting Standards Board( GASB);( 2) create and use fund financial statements to assist in the creation of government-wide statements; and( 3) communicate the results of operations to interested taxpayer groups.