Most individuals who work in governmental accounting usually start without any prior bookkeeping, governmental accounting, or governmental finance education or experience. With proper training, local government finance staff and leadership can be more confident that their financial reporting is in compliance with New York State laws and regulations and ensure that their procedures for processing and documenting financial transactions are transparent and sound.
This session will introduce individuals to the most basic and essential components of governmental accounting and are designed primarily for those with limited or no governmental accounting or bookkeeping experience.
The session will include a high-level overview of the following:
Debits and Credits
Journals and Ledgers
The Accounting Process
Accounting for Capital Projects
Month End Reconciliations and Analysis
Year-End Closing Process
Time will also be provided to address your questions.