Libraries are typically formed as special purpose governments focused on providing access to information for citizens. As such, the approach to the financial management requires a different perspective than most local governments.

The Carl Vinson Institute of Government at the University of Georgia has created an online certificate program to meet this unique need. The program is comprised of six courses. Content includes budgeting, accounting, internal control, financial policies, purchasing, and payroll.

The Governmental Accounting course will introduce the participant to basic accounting concepts for governmental funds. Topics covered include the accounting equation, chart of accounts, double entry accounting, accounting systems and records, fund accounting, basis of accounting, payroll and benefit accounting, and a case study.

The self-study course is comprised of required readings, tutorials, recorded webinars and review questions. The participant is required to pass a final exam.

Upon successful completion of this course, participants will be able to:

• recall the basic accounting equation

• recognize the elements of certain financial statements including the balance sheet and the operating statements

• recount the relationship between the balance sheet and the operating statements

• apply double entry accounting to record financial transactions

• record transactions using the modified accrual basis of accounting