Loading...
Loading Course Details
Loading course information...
Course 5113 | Virtual | Classroom
Federal Accounting Fundamentals
Overview
Gain an understanding of how to generate accurate and timely financial statements that comply with federal regulations through an overview of accounting terms, principles, concepts, and standards. You will also examine the U.S. Government Standard General Ledger (USSGL) to further standardize your approach to federal accounting.
Who Attends
Participants tend to be Federal financial managers and staff from the agency level to the unit level, including those implementing financial systems. Class participants may also be from private auditing firms or financial systems personnel.
Course Level: Basic
CLP: 16 | CPE: 16
Duration: 2 Days
Price: $ 1219.00 
Course prices shown here do not include a credit card surcharge. Payments by ACH, EFT, or check do not include the surcharge and are offered at a lower price. At checkout, you may choose a payment method that avoids the credit card surcharge.
Course Details
Volume Discounts (5+ Seats)
Private Group TrainingAvailable Dates
Guaranteed to Run are designated with a 
June 11 - June 12, 2026
Class ID: 265113009
Virtual
9 AM - 5 PM EST
July 6 - July 7, 2026
Class ID: 265113010
Virtual
9 AM - 5 PM EST
August 10 - August 11, 2026
Class ID: 265113012
Virtual
9 AM - 5 PM EST
September 17 - September 18, 2026
Class ID: 265113014
Virtual
9 AM - 5 PM EST
October 22 - October 23, 2026
Class ID: 265113015
Washington, DC
8 AM - 4 PM EST
November 2 - November 3, 2026
Class ID: 265113016
Virtual
9 AM - 5 PM EST
December 3 - December 4, 2026
Class ID: 265113017
Virtual
9 AM - 5 PM EST
Learning Objectives
- Locate the appropriate sources of guidance relating to federal accounting
- Define the budgetary and proprietary accounting equations and their components
- Associate basic accounting transactions with the appropriate USSGL accounts
- Record budgetary and proprietary transactions for the phases of the accounting and budget execution cycles
- Record basic adjusting and closing entries
- Identify the principal financial statements for the federal government and their main components
- Define assets, liabilities, net position, revenue, expenses, gains, and losses
- Explain fundamental accounting concepts and principles
- Distinguish between budgetary and proprietary accounting
- Track the lifecycle of appropriated funds
- Identify the five steps in the accounting cycle
- Define and explain the uses of the USSGL
- Record current-year transactions using USSGL accounts
Additional Features
100% Satisfaction Guarantee
100% Satisfaction Guarantee.
AI Prompts
Get quick start prompts and ideas to help you apply what you've learned using AI tools effectively.
Extended Learning Bursts
Reinforce course content with short, focused refreshers you can access anytime.
Producer Support
Need help during a virtual session? Our producers are here to ensure your learning experience runs smoothly.
Dedicated In-House Accessibility / Section 508 Compliance
Learn how we ensure accessible learning experiences for all participants in compliance with Section 508.
Student Resource Guides
Find helpful reference materials to support your learning during and after the course.
Learn More