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  • By Oxford Certificate
  • November 3, 2021
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Accounting For Fixed Assets Of Municipalities E-Learning

Virtual training of municipal fixed assets accounting: Municipal accounting is a part of government accounting in comparison with commercial accounting. All the features given in various books and sources of government accounting are also valid for municipal accounting. However, municipal accounting has a special feature compared to government accounting. Government executive bodies whose program budget is financed and paid from the whole country. They will be the creator of the obligations and the payer of the expenses incurred. And records the expenses incurred in its offices, and government revenue is concentrated in another department. If the income and expenses are accounted for in a consolidated financial unit and reflected in the books in the municipalities, the revenue accounts of the municipality can be operated together or decentralized and separately.

In this period, items such as key factors affecting the accounting system and municipal financial reporting in terms of accounting and measurement criteria are two separate but related concepts. Which has had a great impact on the emergence of accounting and financial reporting of municipalities. The basis of accounting is one of the most important accounting principles that emphasizes the element of time, determines the time of revenue and expense recognition, and influences the manner of keeping and preparing accounts and reporting.

Virtual training courses on municipal fixed assets accounting:

  • Ability to analyze and create an asset and deploy it
  • Ability to calculate property, components and fixed asset depreciation
  • Ability to analyze overhaul and relocation
  • Ability to analyze asset outflows
  • Ability to record and analyze asset insurance
  • Ability to perform year-end operations and change fiscal year
  • Ability to submit fixed asset reports

Prerequisites for Municipal Fixed Assets Accounting Training Course:

  • This course is taught from the basics and does not require any special prerequisites.

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