Governmental accounting differs significantly from the accounting used by other organizations, since the focus is on the provision of services, rather than earning a profit. Because of this change in focus, governments use funds to maintain better control of costs, while also formatting their financial statements differently and using a different basis of accounting. This course explains the intricacies of these differences, covering fund accounting, budgetary accounting, the comprehensive annual financial report, and much more. There is a special emphasis placed on more specific accounting issues with regards to claims accounting, landfill closure and postclosure costs, and nonexchange transactions. The materials are designed for financial professionals to use as a reference tool for recording governmental accounting transactions and generating financial statements.