U.S. Standard General Ledger: Practical Applications

Overview

Learn how to practically apply financial guidance provided by OMB and the U.S. Government Standard General Ledger (USSGL) to support the production of accurate and timely financial statements. Develop your skills in federal accounting through an in-depth look at analyzing and recording financial events. Course participants should have experience with accounting for assets, liabilities, net position, revenues, and expenses, as well as with T-accounts and general ledgers.

Who Attends

Participants enrolled in this course are federal financial management personnel who are involved with any aspect of implementing or using the USSGL to record events and/or prepare financial statements.

Course Level: Intermediate
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.
A 3% credit card surcharge will be applied.

Course Details

FAQs Technology Requirements

For Groups

Volume Discounts (5+ Seats) Private Group Training Icon

Private Group Training

Available Dates

Guaranteed to Run are designated with a

September 21 - September 22, 2026

Class ID: 265115009

Washington, DC

8 AM - 4 PM EST

October 21 - October 22, 2026

Class ID: 265115010

Virtual

9 AM - 5 PM EST

December 10 - December 11, 2026

Class ID: 265115012

Virtual

9 AM - 5 PM EST

January 13 - January 14, 2027

Class ID: 275115001

Virtual

9 AM - 5 PM EST

February 24 - February 25, 2027

Class ID: 275115002

Virtual

9 AM - 5 PM EST

April 8 - April 9, 2027

Class ID: 275115003

Virtual

8 AM - 4 PM EST

June 14 - June 15, 2027

Class ID: 275115004

Virtual

8 AM - 4 PM EST

July 22 - July 23, 2027

Class ID: 275115005

Virtual

9 AM - 5 PM EST

August 19 - August 20, 2027

Class ID: 275115006

Virtual

9 AM - 5 PM EST

September 20 - September 21, 2027

Class ID: 275115007

Virtual

8 AM - 4 PM EST

November 15 - November 16, 2027

Class ID: 275115008

Virtual

9 AM - 5 PM EST

Learning Objectives

Apply the USSGL at the transaction level in all phases of the accounting and budget cycles
Perform accounting transactions using the USSGL Chart of Accounts
Record and analyze reimbursable financial events using the USSGL
Analyze financial events relating to prior-year transactions, and record upward and downward adjustments
Describe the use of transaction codes
Describe the role of USSGL attributes in financial reporting

Additional Features

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Course Activities

The final exam must be completed with a grade of 70% or higher.

Course Topics

The USSGL

What Is the USSGL?
Accounting and Accounts Supported by the USSGL
USSGL Section I: Chart of Accounts and Section II: Accounts and Definitions
USSGL Section III: Account Transactions
Overview of Budgetary Authority
USSGL Attributes
Tracking Budgetary Resources

Accounting Transactions for Direct Authority

Event Transactions
Event Overview: Budgetary and Proprietary Accounting Process – Direct Funds
Event 1: Realized Appropriation Authority/Appropriation Warrant
Event 2: Apportionment
Event 3: Allotment
Event 4: Commitment
Event 5: Obligation
Trial Balance
Summary of Receipt and Use of an Appropriation

Accounting Transactions for Reimbursable Authority

Reimbursable Authority
Budgetary Transactions
Event Overview: Budgetary and Proprietary Accounting Process – Reimbursable Funding
Event 1: Realized Anticipated Reimbursement Authority
Event 2: Apportionment
Event 3: Allotment
Event 4: Commitment
Events 5a–5c: Obligation (Undelivered Orders—Unpaid)
Events 6a–6d: Customer Orders (Earned)
Trial Balance

Adjusting Entries

Adjusting Entries
Unadjusted Trial Balance
Recording Receivables (Amounts Owed to Us)
Updating Records for Supplies on Hand
Recording Depreciation of Equipment
Adjusting Entries for Payroll
Adjusting Entries for Accrued Leave
Adjusting Entries for Imputed Cost
Adjusted Trial Balance

Closing

Closing Entries
Types of Accounts to Close
Closing Trial Balance

Upward and Downward Adjustments

Foundations of Upward and Downward Adjustments
Beginning Trial Balance
Upward and Downward Adjustment Obligations
Status of Funds
Event 1: Upward Adjustments to Undelivered Orders—Obligations, Unpaid 480100
Event 2: Downward Adjustments to Undelivered Orders—Obligations, Unpaid 480100
Event 3: Upward and Downward Adjustments to Undelivered Orders – Obligations, Prepaid/Advanced 480200
Event 4: Upward and Downward Adjustments to Delivered Orders—Obligations, Unpaid 490100
Prior-Period Adjustments Due to Corrections of Errors
Event 5: Upward and Downward Adjustments to Delivered Orders – Obligations, Paid 490200
Prior-Year Trial Balance with Upward and Downward Adjustments
Closing the Books During the Expired Phase

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U.S. Standard General Ledger: Practical Applications

Overview

Who Attends

For Groups

Available Dates

Learning Objectives

Additional Features

Credits

This course is part of the following Management Concepts Certificate Programs:

Core Courses

Elective Courses

Prerequisites:

Mandatory

Suggested

Course Activities

Course Topics