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Explain the key concepts and terms used in describing the government reporting entity (such as primary governments, special purpose governments, etc.). Apply the GASB criteria

  1. Explain the key concepts and terms used in describing the government reporting entity (such as primary governments, special purpose governments, etc.).
  2. Apply the GASB criteria used to determine whether a potential component unit should be included in the reporting entity and, when included, the manner of reporting component units.
  3. Identify and describe the contents and structure of various government financial reports.
  4. Understand and prepare the reconciliation schedules between the governmental fund financial statements and government-wide financial statements.

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