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UdemyAccountingPaid courseIntermediate levelCertificate

Governmental Accounting 100 (Udemy.com)

Fund accounting-governmental accounting-General Fund & government-wide activity transactions-modified accrual method

Created by: Robert (Bob) Steele

Last updated June 2019

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What you will learn

  • Governmental Accounting Objectives & Reporting Requirements
  • Fund Accounting Foundations
  • State & Local Governmental Accounting Principles & Financial Reporting
  • How to Record Transactions for Budgetary Accounts & Encumbrances
  • How to Create & Analyze Governmental Operating Statement Accounts & Budgetary Accounts
  • How to Record Transactions for Encumbrances, Expenditures, & Delinquent Receivables
  • How to Record Revenue Transactions in Both the General Fund & Government Wide Level
  • How to Record Tax Anticipation Note & Closing Entries
  • How to Record Transactions to Both the General Fund & Government Wide Level
  • Go to Create Subsidiary Ledgers
  • How to Record Supplies Inventory – Consumption Method & Purchases Method

How it compares

Against the other 200 rated Udemy courses in Accounting on CourseDuck:

  • Rating4.4 out of 5higher than 31% of them
  • Reviews909#62 of 201 by number of reviews
  • Length18 hourslonger than 81% of them
  • Last updatedJune 2019earlier than 84% of them

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Course Description

Governmental accounting, including fund accounting financial transactions, focusing on the general fund and government-wide activities.

We will work through many example problems as we learn the material, posting transactions to a trial balance, so we can see how accounts behave. Many governmental accounts are new to many learners, and we will be using different accounting methods than just an accrual method. Posting transactions and seeing a trial balance will be very helpful in learning the material and is something lacking in most courses on the subject.

We will discuss the governmental accounting objectives and reporting requirements, comparing them to for-profit entities. The course will assume we are familiar with for-profit accounting and will, therefore, focus on the areas of governmental accounting that are different, although we will continue to work with core concepts like the double entry accounting system.

Learners and instructor will examine state and local governmental accounting principles & financial reporting.

We will record transactions for budgetary accounts & encumbrances. Recording budgetary accounts will be new for many learners familiar with financial accounting, but we will use double entry accounting principles for the process.

The course will explain and analyze governmental operating statement accounts & budgetary accounts.

Learners and instructor will record transactions for encumbrances, expenditures, & delinquent receivables. We will emphasize when a modified accrual method will be used, and what the differences in recording financial transactions will be when used, as compared to an accrual method.

We will record transactions related to revenue in both the General Fund and at the government-wide activities level.

The course will discuss tax anticipation notes and how they will be recorded under a modified accrual method.

Learners and instructor will explore many examples of the closing process, closing out temporary accounts. We will compare the closing process for governmental entities to the closing process in for-profit accounting.

We will examine how to create subsidiary ledgers related to revenue, estimated revenue, appropriations, encumbrances, and expenditures.

The course will provide examples of recording supplies using the consumption method and purchases method, explaining the differences between the two.

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Instructor Details

Robert (Bob) Steele

Through working with students from many different schools, Mr. Steele has learned best practices for helping people understand accounting fast. Learning new skills and finding the best way to share knowledge with people who can benefit from it is a passion of his.    

Mr. Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. He has been a practicing CPA since 2005. Mr. Steele is a practicing CPA, has a Certified Post-Secondary Instructor (CPI) credential, a Master of Science in taxation from Golden Gate University, a Bachelor’s Degree in Business Economics with an emphasis in accounting from The University of California Santa Barbara, and a Global Management Accounting Designation (CGMA) from The American Institute of CPA (AICPA).    

Mr. Steele has also authored five books that can be found on Amazon or in audiobook format on Audible. He has developed bestselling courses in accounting topics including financial accounting and QuickBooks accounting software.    

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Reviews

4.4

909 ratings on Udemy

Select a bar to show only those reviews.Select the bar again to show every rating.

By Sharon W. Ladd on 9/8/2026

I would rather leave a rating at the completion of the training. I don't like the pop up asking for a rating prior to completion.

By Karla Jimenez on 8/10/2026

For me it works well having things explained more than once, giving me the chance to really grasp the concepts; however, that makes the course very long. I would prefer something in the middle, with less repetition but still explaining things in different ways. I like the how the instructor is very dynamic and far from boring to explain.

By Suzanne Richardson on 12/3/2024

This class was longer than expected but the instructor/narrator voice was easy to understand and listen to for extended periods of time.

By Janice Burrows on 6/26/2024

Very thorough and informative. Great refresher for me. I liked the interactive piece. It helps to solidify understanding when you do it yourself.

By Anonymized User on 2/27/2024

I really enjoyed the course, was very detailed course for governmental accounting. I especially enjoyed to how each multiple choice question was analyzed to obtain the correct answer.

By Vera Hadley on 11/15/2023

Extremely thorough lessons. Pretty fast-paced. You can tell the instructor feels comfortable with the material and enjoys what he is teaching, and it comes through in the lectures.

By Anonymized User on 3/17/2023

This was a good course, but around lesson 145, the spreadsheet started to be off. It's like we spent 15 minutes rehashing the same exact thing as the end of lesson 144. If he could fix that, the course would be perfect. But there's plenty of practice throughout and at the end to make sure you understand, so excellent course.

By Wint Hlaing on 1/24/2023

This course is very basic and could be delivered in half of the allotted 18 total hours. From Section 4-12, the topics are repetitive, the same things are covered again and again, and the instructor repeats the same things in PDF version and Excel version presentations, which was really a waste of time. Section 12 says "Comprehensive Problem" (4hr 23min) although the section does not cover any additional "comprehensive" topics but repeats the previous sections which are all recording basic transactions in General Fund and Government-Wide Level. Furthermore, the course could have been improved with a discussion on a real set of financial statements from a local or state government or a federal agency as a case study.

By Mohamed soltan on 11/24/2020

Thanks

By Stephanie Hager on 11/20/2020

Yes. I am a visual learner and need to hear explanations more than once. I like the approach of the teaching and the repetition.

By Jayalakshmi Srikanthan on 11/6/2020

Great explanation by the professor! He is kind of fast, but very clear lecture by him.

By V Rahming on 9/17/2020

The Course was very detailed, met and exceeded my expectations in some cases. I appreciated the lessons closely followed by the live applications or rather modeled demonstrations. I appreciated the application of knowledge in the downloadable excel spreadsheets the most and found those to be extremely helpful.

Showing 12 of 31 reviews

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Overall Score : 88 / 100