Foundations of Financial Reporting

Overview

GSA Competencies and Levels

Financial Reporting: L3, L4, L5

Prepare, review, and reconcile financial statements and financial reports to meet reporting requirements and to support management decisions

Source: DOD FM Certification Program

Fundamentals and Operations of Accounting: L3, L4, L5

Knowledge of traditional accounting practices including accrual, obligations, and costs methods.

Source: OPM MOSAIC Competencies

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This course will examine how economic transactions are measured and reported in financial statements using generally accepted accounting principles to help users of accounting information to make financing, operating, and investing decisions for businesses. Students will learn how to record, analyze, interpret, and communicate financial information in accordance with applicable professional and regulatory authoritative literature.

Upon completing this course students will be knowledgeable about global business and trade as it applies to international financial reporting standards.