Course Description

This two-day elective course provides accountants and budget analysts with fundamental terminologies of generally accepted accounting principles and the essential need for accuracy. The differences between the fiduciary responsibility of accountants and the program accountability of budget developers are analyzed. Case studies and class participation are used to interpret accounting statements and apply cross-checks to budget formulation and execution processes.

Learning Objectives

• Understand the principles of accounting and why there is a need for accurate accounting estimates to develop good budgeting estimates
• Develop and understand the federal budgeting process
• Define and understand key accounting and budgeting terminologies
• Apply learned knowledge to record, classify, and interpret accounting statements and apply cross-checks to budget formulation and execution processes

Cancellation Policy: In the event a course is cancelled by force majeure, the course must be rescheduled within 180 days, plus any non-reimbursable fees incurred by BMRA, to avoid the penalty of full payment to BMRA for the entire cost. In the event an entire course session is cancelled, for reasons other than force majeure, less than thirty (30) calendar days prior to course commencement, all costs that BMRA incurred in preparing to teach this course must be reimbursed unless they may be reallocated to the rescheduled course. A postponement of a course is considered a cancellation unless it is rescheduled within 180 days from the date of postponement.

Complaint Resolution Policy: Complaints will be promptly addressed by calling 703-691-0868 or emailing businessdevelopment@bmra.com.

Business Management Research Associates, Inc. (BMRA) 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.