Skip to Content

Login   Subscribe   Site Index   Contact Us   Google Translate™

NYS Comptroller


The Academy for New York State's Local Officials

Accounting Principles and Procedures (Advanced Accounting School)

Advanced Accounting Schools Are Now Completed for 2019

Registration for the 2020 Advanced Accounting Schools will be available soon.

Course Description


This 2½ day school is designed to familiarize participants with accounting and financial reporting requirements for local governments in New York. The course provides guidance on certain operational issues, such as cash management, purchasing, processing claims for payment and utilizing reserve funds.

Recommended For:

This school is a good follow-up to our Basic Accounting School. It will benefit Chief Executive Officers, Chief Fiscal Officers, Comptrollers, Treasurers, Clerks, Accounting Personnel, Board Members and Department Heads.

Course Contents:

Day 1: 9:00 a.m. - 4:00 p.m.

  • Overview of the basic Generally Accepted Accounting Principles for local governments as promulgated by the Governmental Accounting Standards Board (GASB)
  • Criteria for recognizing revenues, receivables and other current assets
  • Criteria for recognizing expenditures, expenses, payables and other current liabilities
  • Understanding the various categories of interfund transactions

Day 2: 9:00 a.m. - 4:00 p.m.

  • Managing your cash assets effectively
  • Purchasing goods and services, and processing claims for payment
  • Establishing, funding and accounting for capital reserves, repair reserves and other types of reserve funds
  • Establishing and accounting for capital projects financed by debt and other special revenue sources

Day 3 (9:00 a.m. - Noon)

  • Recording property, equipment and infrastructure assets, and creating capital asset records
  • Understanding trust funds and other fiduciary funds
  • Financial Condition Analysis