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Government Standard General Ledger

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Course overview

Update your knowledge with the latest information on the U.S. Government Standard General Ledger (SGL). Learn how the SGL provides the framework for publishing the financial statements required by the Chief Financial Officers Act, Federal Financial Management Improvement Act (FFMIA), and Accountability of Tax Dollars Act (ATDA).

This course aligns with the following Department of Defense financial management competency:

  • Fundamentals and Operations of Accounting (Proficiency Level 1), 16 Hours

Who should attend?

Federal budgeting and accounting professionals who need to use the Government's SGL and understand its impact on typical accounting and reporting processes will benefit by attending this course. Participants should be familiar with accounting principles as taught in Introduction to Federal Accounting (ACCT7001D).

Level: Intermediate.

Learning outcomes

  • State the basic budgetary and basic proprietary accounting equation
  • List basic criteria for federal budgetary and proprietary accounting
  • State the nature, frequency of reporting and means of transmitting information for the SF-133 agency financial statements
  • Prepare pre- and post-closing trial balances
  • Prepare budgetary and proprietary financial statements from trial balances
  • Explain the composition of the reports required under Bulletin 01-09, Form and Content of Agency Financial Statements, as incorporated in OMB Circular A-136, issued by the Office of Management and Budget (OMB)
  • State the organization of the U.S. Government Standard General Ledger (SGL)
  • State the organization of the SGL chart of accounts
  • Journalize budget and proprietary entries for basic transactions with one-year operating appropriations and those accounts with spending authority from offsetting receipts and collections (i.e., revolving funds)

Course outline

Syllabus -- Government Standard General Ledger, ACCT8100D, Grad. School, USDA

Day one of two

  • Introduction
    • Background and structure of the SGL
    • Budgetary Accounting for a Basic Operating Appropriation - Year 1
    • Budgetary Accounting for a Basic Operating Appropriation - Years 2-6
    • Summary

  • End day one

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Day two of two

  • Proprietary Accounting for a Basic Operating Appropriation
    • Accounting for Revolving Funds

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