# Government Standard General Ledger Course (Self-Paced)

Canonical URL: <https://www.graduateschool.edu/courses/government-standard-general-ledger-course-self-paced>

## Overview

Update your knowledge with the latest information on the U.S. Government Standard General Ledger (SGL). Learn how the SGL provides the framework for publishing the financial statements required by the Chief Financial Officers Act, Federal Financial Management Improvement Act (FFMIA), and Accountability of Tax Dollars Act (ATDA).

## What you'll learn

- State the basic budgetary and basic proprietary accounting equation.
- List basic criteria for federal budgetary and proprietary accounting.
- State the nature, frequency of reporting, and means of transmitting information for the SF-133 agency financial statements.
- Prepare pre- and post-closing trial balances.
- Prepare budgetary and proprietary financial statements from trial balances.
- Explain the composition of the reports required under Bulletin 01-09, Form and Content of Agency Financial Statements, as incorporated in OMB Circular A-136, issued by the Office of Management and Budget (OMB).
- State the organization of the U.S. Government Standard General Ledger (SGL).
- State the organization of the SGL chart of accounts.
- Journalize budget and proprietary entries for basic transactions with one-year operating appropriations and those accounts with spending authority from offsetting receipts and collections (i.e., revolving funds).

## Curriculum

#### Module 1: Overview of U.S. Government Standard General Ledger

- Module 1 Learning Outcomes
- Overview of Standard General Ledger
- Purpose of the SGL
- Why Is the SGL Needed?
- Accrual Accounting
- Responsibility for the SGL
- SGL References

#### Module 2: Structure of the U.S. Government Standard General Ledger

- Module 2 Learning Outcomes
- Sections of the SGL
- Posting Journal Entries
- Chart of Accounts
- Normal Balances
- Proprietary Accounts in the SGL
- Budgetary Accounts in the SGL

#### Module 3: Overview of Budgetary Accounting

- Module 3 Learning Outcomes
- Overview of Budgetary Accounting
- Status of Budgetary Resources
- Journal Entries for Standard Budgetary Transactions

#### Module 4: Overview of Proprietary Accounting

- Module 4 Learning Outcomes
- Purpose of Proprietary Accounts
- Journal Entries Used in Proprietary Accounting

#### Module 5: Connecting Basic Budgetary Accounting with Proprietary Accounting

- Module 5 Learning Outcomes
- Determining Where an Event Is Recorded
- Journal Entries Linking Budgetary and Proprietary Accounting

#### Module 6: Reimbursable and Revolving Fund Transactions

- Module 6 Learning Outcomes
- Flow of Reimbursable Resources
- Collections Other Than Through Reimbursable Work Agreements

#### Module 7: Adjusting and Closing Entries

- Module 7 Learning Outcomes
- Adjusting the Accounts
- Adjusting Entries
- Closing Entries

#### Module 8: Financial Statements

- Module 8 Learning Outcomes
- Generating the Financial Statements
- Overview of a Crosswalk
- Form and Content of Financial Statements
- External Reporting Requirements

#### Module 9: Course Review Quiz

- Review Questions on Journal Entries, SGL, Accounting Laws, OMB Publications, and Equations

## Pricing

**Tuition:** $1049