Dive into the complexities of governmental accounting with Nick Palazzolo as he explains the unique methods of budgeting and recording financial transactions in governments as opposed to private corporations. From the fundamental BAE entries at the beginning of the fiscal year to dealing with encumbrances and comprehending various government funds, Nick makes these involved processes as straightforward and relatable as possible. He also tackles different types of entries like vouchers payable and grant revenues within various funds including the general, special revenue, and debt service funds. This video ends with an insightful look into the transitions needed for adjusting fund-based statements to government-wide financial statements, making sure you grasp the broader financial reporting requirements within governmental accounting.
Governmental Journal Entries
Dive into the complexities of governmental accounting with Nick Palazzolo as he explains the unique methods of budgeting and recording financial transactions in governments as opposed to private corporations. From the fundamental BAE entries at the beginning of the fiscal year to dealing with encumbrances and comprehending various government funds, Nick makes these involved processes as straightforward and relatable as possible. He also tackles different types of entries like vouchers payable and grant revenues within various funds including the general, special revenue, and debt service funds. This video ends with an insightful look into the transitions needed for adjusting fund-based statements to government-wide financial statements, making sure you grasp the broader financial reporting requirements within governmental accounting.
Updated: May 25, 2024 Create an account