Addictive Accounting vs CGFM Study Guide

An Interactive Accounting Textbook with an Accounting Software Simulator. Over 4 hours of FREE bookkeeping lessons and practice problems. A revolutionary course that uses a new method of teaching bookkeeping and accounting that can be easily learned by anyone! No previous bookkeeping or accounting knowledge is needed. It is becoming known as the perfect college accounting prep course as it properly prepares students at all levels for advanced accounting using a built in accounting software simulator. Lessons are divided into sections which take on average 2 to 5 mins to complete. No ads and no personal data collected. SIMPLIFIED EXPLAINATIONS The perfect companion course for all accounting students and business owners. A COURSE FOR ALL COUNTRIES Whether you live in the USA, Europe, Canada, Africa, Asia, or the Middle East, our Addictive Accounting course is for you! In a world of diverse interests, one thing remains standard, the double-entry bookkeeping system. As the saying goes, money runs the world and the world has agreed to measure its money using the double-entry bookkeeping system. Once you learn the fundamentals of the double-entry bookkeeping system, learning how your particular country measures its finances will be exceptionally straightforward. A COURSE FOR ALL ACCOUNTING SOFTWARE Imagine trying to learn multiplication and division without having first learned how to add and subtract! It makes no sense to try and learn how to do multiplication and division without having first mastered addition and subtraction. The same concept is true for accounting software. If you learn the double-entry bookkeeping system, knowing how to efficiently use ANY professional accounting software will be so much easier! PLENTY OF PRACTICE The only way to really learn bookkeeping and accounting is by actually doing it, which is why the Addictive Accounting app contains a proprietary interactive accounting simulator. The simulator will teach you how to create and interpret all the journal entries required to run a business using the journal, general ledger, chart of accounts and financial statements. UPON COMPLETION, YOU WILL UNDERSTAND: . The journal, general ledger and chart of accounts . The relationship between property and ownership . Assets, Liabilities, Capital and Profit . The true meanings of debit and credit . How to make journal entries . How to record purchases and sales . How to record sales tax . Accounts receivable and payable . Commonly used bookkeeping accounts . How to reconcile . Profit margin and gross and net profit . Normal and contra balances . The difference between cash, modified cash and accrual profit . Depreciation and how to calculate and record it . Cash statement . Profit statement . Equity statement . Balance sheet . How to record paying contractors . How to record paying employees . The payroll registry . Deductions and withholdings . Income taxes . And more

Three CGFM exams. One focused study companion. CGFM Study Guide organizes everything around AGA's three examinations and their weighted content areas, so you study exactly what each exam tests — nothing more, nothing less. WHAT'S INSIDE • 90+ flashcards, tap to flip, tagged by content area • 45+ multiple-choice practice questions with instant feedback and full explanations • 80+ glossary terms and key acronyms, fully searchable • Government financial-management formulas with variables and usage notes EXAMINATION 1 — GOVERNMENTAL ENVIRONMENT • Organization, structure, and authority of government; federalism and Dillon's Rule • Legally based implications: appropriations, the Antideficiency Act, authorization vs. appropriation • The government management system (budget cycle) and strategic planning • Governmental financing: taxes, grants, GO vs. revenue bonds, debt capacity • Public accountability, interperiod equity, ethics, and e-government / information security EXAMINATION 2 — ACCOUNTING, FINANCIAL REPORTING & BUDGETING • Standard setters (GASB, FASAB, FASB); cash, accrual, and modified accrual; fund accounting • Budgeting approaches (line-item, performance, zero-based) and capital budgeting • State & local reporting: fund types, GASB 34 statements, GASB 54 fund balance, the ACFR • Federal reporting: SFFAS, proprietary vs. budgetary accounting, apportionment, the federal statements EXAMINATION 3 — FINANCIAL MANAGEMENT & CONTROL • Cash and investment management, procurement (IFB vs. RFP), asset management • Analysis techniques: time value of money, NPV, cost-benefit, breakeven, ratios, data analytics • Internal control: COSO / GAO Green Book, segregation of duties, the fraud triangle, ERM • Performance measurement / SEA: inputs, outputs, outcomes, benchmarking • Auditing: the Yellow Book (GAGAS), the Single Audit Act, audit opinions, material weaknesses START FREE Preview every section free. Upgrade to Premium for full access to the entire question bank, glossary, and formula library. SUBSCRIPTION & TERMS CGFM Premium is an auto-renewable subscription billed at $2.99 per month (1-month duration). Payment is charged to your Apple Account at confirmation of purchase. The subscription renews automatically unless it is turned off at least 24 hours before the end of the current period, and your account is charged for renewal within 24 hours before the period ends. You can manage or cancel your subscription in your Apple Account settings after purchase. Terms of Use (EULA): https://www.apple.com/legal/internet-services/itunes/dev/stdeula/ Privacy Policy: https://davidmp481.github.io/study-apps-legal/privacy-policy.html This app is an independent study aid and is not affiliated with, endorsed by, or sponsored by AGA (the Association of Government Accountants) or its CGFM program.