Government & Non-Profit Accounting: Financial Reporting of State & Local Governments

Описание: Government & Non-Profit Accounting:
Financial Reporting of State
& Local Governments (Chapter 9)
April 8th, 2013
by Professor Irfan Bora

**NOTE: This video has no audio.

NOTE: A lot of this video is spent exploring the State of New Jersey's website for accounting related information (i.e. financial statements, official standards and guidelines, etc). It is recommended to visit it as well to better keep up with the material he is discussing.

The Professor begins this lecture by discussing concepts related to the financial reporting required by the GASB (government accounting standards board) reporting model. The key terms, definitions, and concepts used in the governmental reporting entity are also covered. Following this, GASB criteria are discussed, such as whether or not a potential component unit should be included in the reporting entity, and if included, what the correct manner to report it is. The contents of a CAFR (comprehensive annual financial report) are described and discussed in detail. Lastly, the Professor explains how to reconcile governmental fund financial statements to governmental activities in the government-wide financial statements as well as how to identify and understand financial reporting issues and topics.



-----QUICK NAVIGATION-----

Overview of Chapter's Learning Objectives: 0:15

Concepts of Financial Reporting: 2:49

Reporting Entity: 6:38

Financial Reports: 16:18

Basic Financial Statements (NJ State Website): 17:18

Textbook Problems: 20:24

State of New Jersey - Comprehensive
Annual Financial Report: 31:28

CAFR: 1:12:36

Financial Reporting Model: 1:16:36

Textbook Excerpt: 1:17:13

Pre-closing Trial Balance: 1:19:03

Financial Reporting Model (revisited): 1:24:05

Reconciliation of Balance Sheet - Governmental
Funds to the Statement of Net Position: 1:30:36

Reconciliation of the Statement of Revenues, Expenditures,
and Changes in Fund Balances - Governmental Funds to the
Statement of Activities: 1:33:32

Reporting Issues & Topics: 1:37:43

Net Position Classification Problem: 1:43:00

Multiple Choice Problems: 1:48:19

Homework Problems Review: 1:52:21

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