This course on accounting for governmental entities is intended to be used by anyone who would like to gain knowledge of accounting and financial reporting currently recommended for state and local governmental units. The course provides an overview of (1) the fundamental concepts underlying state and local governmental accounting and reporting, (2) the importance of budgetary accounting in government, and (3) the recognition rules and journal entries related to governmental financing. It also describes (1) the accounts and journal entries related to transactions specific to governmental entities, (2) the process of defining the governmental reporting entity, (3) the components of the annual comprehensive financial report (ACFR), (4) the reporting requirements for government-wide and fund-based financial statements, and (5) other required information in the ACFR. Course level: Basic. Prerequisites: None. Course includes integrated text and study guide, final exam and grading service.