MYCPE ONE

Governmental Accounting: Fundamentals and Reporting 1.5 Credits 1.5 Credits

May 07, 2026, 04:00 PM EDT

Governmental Accounting: Fundamentals and Reporting 1.5 Credits 1.5 Credits

  • Steven Lee

    | CPA (US)

  • Published on

    January, 1970

  • Subject Area

    Accounting

Learning mode

Live Webinar
  • Access the course at your convenience
  • Take the assessment test
  • Get your certificate
  • Attend the live interactive session
  • Answer the polling questions
  • Get your certificate
May 07, 2026, 04:00 PM EDT

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Learning Objectives

  • Distinguish key differences between governmental and private sector accounting
  • Explain the principles and structure of fund accounting
  • Identify and describe the components of the governmental financial reporting framework
  • Recognize and interpret basic governmental financial statements
  • Describe the purpose and function of the General Fund and other common fund types

Course Overview

Governmental accounting operates under a distinct framework compared to private sector accounting, requiring a clear understanding of its unique principles and reporting structure. This course provides a foundational overview designed for professionals who are new to government finance or seeking to strengthen their understanding of core concepts.

Participants will explore key differences between governmental and private sector accounting, along with the fundamentals of fund accounting and its role in tracking financial resources. The course also introduces the structure of governmental financial reporting and how it supports transparency, accountability, and compliance.

Major Topics:

  • Key differences between governmental and private sector accounting
  • Fund accounting principles and structure
  • Governmental financial reporting framework
  • Basic governmental financial statements
  • General Fund and other common fund types
  • Roles of funds in financial accountability and reporting

The course also covers the purpose and function of the General Fund and other major fund types, along with how to interpret basic governmental financial statements. By the end of the course, participants will have a practical understanding of how governmental accounting systems operate and how financial information is presented.

On Demand Credits for All Qualifications

Live Webinar Credits for All Qualifications

License details Credits Status
Accounting for Certified Public Accountants (CPA-US) 1.5 CPE Approved
Financial Accounting for Certified Internal Auditors (CIA) 1.5 CPE Eligible
Certified Government Financial Manager (CGFM) 1.5 CPE Eligible
Certified Government Auditing Professional (CGAP) 1.5 CPE Eligible
Accounting for Delaware Licensed Public Accountant (DE-LPA) 1.5 CPE Approved
Internal Audit Practitioner (IAP) 1.5 CPE Eligible
Certified Internal Controls Auditor (CICA) 1.5 CPE Eligible
Qualification in Internal Audit Leadership (QIAL) 1.5 CPE Eligible
Accounting for Iowa Licensed Public Accountant (IA-LPA) 1.5 CPE Approved
Accounting for Maine Licensed Public Accountant (ME-LPA) 1.5 CPE Approved
Certified Controls Specialist (CCS) 1.5 CPE Eligible
License details Credits Status
Accounting for Certified Public Accountants (CPA-US) 1.5 CPE Approved
Financial Accounting for Certified Internal Auditors (CIA) 1.5 CPE Eligible
Certified Government Financial Manager (CGFM) 1.5 CPE Eligible
Certified Government Auditing Professional (CGAP) 1.5 CPE Eligible
Accounting for Delaware Licensed Public Accountant (DE-LPA) 1.5 CPE Approved
Internal Audit Practitioner (IAP) 1.5 CPE Eligible
Certified Internal Controls Auditor (CICA) 1.5 CPE Eligible
Qualification in Internal Audit Leadership (QIAL) 1.5 CPE Eligible
Accounting for Iowa Licensed Public Accountant (IA-LPA) 1.5 CPE Approved
Accounting for Maine Licensed Public Accountant (ME-LPA) 1.5 CPE Approved
Certified Controls Specialist (CCS) 1.5 CPE Eligible

Additional Information

Credits

1.5

Course Level

Basic

Instructional Method

QAS Self Study

Group Internet Based

Pre-requisites

None

Advance Preparation

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

About Instructor

Steven Lee

Steven Lee | CPA (US)

Director, CBIZ Inc

Steven Lee is a Shareholder and Regional Government Practice Leader at CBIZ CPAs, with deep expertise in accounting and auditing for not-for-profit and government entities.


He oversees financial statement audits for diverse governmental bodies—including local governments, public benefit corporations, statutory trusts, and component units across New York City, New York State, and Nassau County. Steven also manages Uniform Guidance (Federal Single Audits), NYS Consolidated Fiscal Reports, Agreed-Upon Procedures, and NYC Indirect Cost Reporting. Beyond client work, he drives CBIZ’s national learning and development in governmental accounting, single audits, and webinars, including for the New York State Society of CPAs. Recognized as NYC 40 under 40 by City & State magazine.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. Our courses qualify for credits with NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other professional organizations.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses accepted by NASBA and other professional organizations?

MY-CPE LLC courses are accepted for continuing education credit by various professional certification programs, including NASBA, IRS, CFP Board, and HRCI. MY-CPE LLC is also recognized by SHRM to offer Professional Development Credits (PDCs) for SHRM-CP® and SHRM-SCP® recertification activities.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other professional organizations for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. Our courses qualify for credits with NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other professional organizations.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars accepted by NASBA and other Professional Organizations?

MY-CPE LLC courses are accepted for continuing education credit by various professional certification programs, including NASBA, IRS, CFP Board, and HRCI. MY-CPE LLC is also recognized by SHRM to offer Professional Development Credits (PDCs) for SHRM-CP® and SHRM-SCP® recertification activities.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are accepted for compliance and reporting purposes with NASBA, IRS, CFP Board, HRCI, SHRM (for PDCs), Payroll Org, FP Canada, and 25+ other professional organizations.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

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Governmental Accounting: Fundamentals and Reporting

Inclusions

  • Multiple Credits

    Multiple Credits

    Earn continuing education credits with flexibility. Choose from live webinars, on-demand courses, e-books, or podcasts to fit your learning style and schedule.

  • Certifications & Reporting

    Certifications & Reporting

    We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days - fastest in the industry.

  • Credit Tracker

    Credit Tracker

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  • Certificate Vault

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