Course Descriptions

Introduction to Accounti​ng 

15 hours

Prerequisite: None

This path has been delivered to the Certified Municipal Finance Officer’s application to make certain that students are competently organized to effectively whole this system. The route is applicable to all folks that do no longer own six credit in Introduction to Financial Accounting or Managerial Accounting (Accounting 101 and 102) on the university stage. Successful of entirety of this path is needed previous to attendance in Current Fund I and next accounting publications. A final exam is given. 

Municipal Finance Administration (CMFO)

26 hours

Prerequisite: None

This introductory path inside the discipline of municipal finance is designed to offer a basis for a higher understanding of New Jersey neighborhood authorities fiscal affairs. Major regions of guidance cover the institutional framework of local authorities in New Jersey, the kingdom’s function in supervision and help, belongings tax management and assessment management, municipal caps, municipal budgeting, finances execution, municipal buying, treasury control, and flexible chart of money owed. A final examination is given.

Municipal Budget Process

30 hours

Prerequisite: None

This 2nd route in the series acquaints the scholar with the entire finances cycle, with unique emphasis on the budget’s function as a device for effective municipal management. Legal requirements concerning the adoption and execution of the respectable budget are examined, with precise interest to the jobs of various municipal officers and the executive strategies involved. Preparation of departmental finances requests, budget review and cuts, sales and appropriations, and new finances strategies are protected. Attention is also given to the bendy chart of money owed. Accounting and auditing principles are briefly discussed. Students are recommended to narrate the path work to their contemporary realistic finances practices. A very last examination is given.

Municipal Current Fund Accounting 1

24 hours

Prerequisite: Municipal Budget Process

This 0.33 direction focuses on fund accounting in New Jersey. It is designed to prepare the local authorities finance legit for the greater advanced accounting guides provided. The scholar is added to fundamental fund accounting terminology and paintings sheet training. The flexible chart of bills is likewise blanketed. A final examination is given.

Municipal Current Fund Accounting 2 

33 hours

Prerequisite: Municipal Current Fund Accounting 2

This is the fourth route inside the municipal finance path collection. It is designed for the ones who’ve duty for local authorities finance. The path covers the application of the principles and theories for the whole municipal accounting cycle. A very last exam is given.

Municipal Capital and Trust Fund Accounting 

39 hours

Prerequisite: Municipal Current Fund Accounting 1 and a couple of

This is the 5th route within the municipal finance path collection. Students have an possibility to paintings on accounting approaches and problems all through class beneath the instructor’s supervision. Principles of assessment, trust fund accounting, standard capital fund accounting, and principle of capital budgeting also are blanketed. A very last examination is given.

Municipal Utility Fund Accounting 

33 hours

Prerequisite: Municipal Capital and Trust Fund Accounting

This is the sixth direction inside the municipal finance course collection. Students have an opportunity to work on application fund accounting techniques and issues in class under the instructor’s supervision. Course subjects consist of reason and scope of application funds, the utility running fund, theory of capital budgeting, the application capital fund, and the utility assessment fund. A final examination is given.

Principles of Financial Management 

28 hours

Prerequisite: Municipal Utility Fund Accounting 

This seventh path within the municipal finance collection emphasizes sound financial control practices for finance directors, treasurers, and registered municipal accountants. Elements of financial employer, reporting, making plans, debt, pension, investment, insurance management, and collective bargaining are reviewed through case research. This is the simplest route inside the collection required for the issuance of the designation of Certified Municipal Finance Officer for Registered Municipal Accountants (RMA) licensed via the State of New Jersey (see N.J.S.A. 40A:9-140 for info). A final examination is given.

Preparation of Annual Financial Statements 

39 hours

Prerequisite: All accounting guides

This is the eighth and very last route in the series designed to train students the competencies important to complete an annual economic announcement. The direction is open best to those college students who’ve finished Municipal Current Fund I and II, Municipal Capital and Trust Fund Accounting, and Municipal Utility Fund Accounting. The course is built around the actual practise of an annual monetary announcement by using the student. In addition, specific information which include submitting cut-off dates, statutory requirements, the function of the finance officer, and other pertinent issues are reviewed. A very last examination is given.

Certified Municipal Finance Officers’ Examination Review: Statutes & Accounting Sections – 14 Hours

These two guides provide examinees with a radical assessment of all components of prior financial control coursework in preparation for the kingdom certification examination. Course cloth is supplied prior to the route; consequently, early registration is usually recommended. Those making plans to take the examination have to make software to the NJ Department of Community Affairs, Division of Local Government Services, 30 days in advance of the examination date. 

County Fiscal Operations 

33 hours

Prerequisite: All accounting publications

Those wishing to grow to be Certified County Finance Officers (CCFO) must whole the County Fiscal Operations route, efficiently complete the eight monetary control publications required for CMFO certification (Municipal Finance Administration, Municipal Budget Process, Municipal Current Fund Accounting 1, Municipal Current Fund Accounting 2, Municipal Capital and Trust Fund Accounting, Principles of Financial Management, Preparation of Annual Financial Statement, County Fiscal Operations) further to assembly other requirements. 

CERTIFIED MUNICIPAL FINANCE OFFICER (CMFO) AND CERTIFIED COUNTY FINANCE OFFICER CERTIFICATION INFORMATION

For whole certification requirements for the CMFO designation, see N.J.S.A. 40A:9-a hundred and forty.1-three.

For additional information on becoming a CMFO or CCFO,contact the Certification Unit, Division of Local Government Services, New Jersey Department of Community Affairs, at 609-633-6349, or go to http://www.state.nj.us/dca/divisions/dlgs/

Registered Municipal Accountant (RMA) Examination Review Courses 

6 hours each

These five, one-day guides are intensive critiques for the ones making ready for the Registered Municipal Accountant exam. The modules train each concept and system via accounting troubles and questions from previous RMA examinations. The following subjects are included: Module 1, Municipal Procedures and Practices; Module 2, Current Fund Accounting; Module three, General and Trust Fund Accounting; Module four, Utility Fund Accounting; Module 5, RMA Practice Exam. Modules are authorised for 7 CPE credit every in Yellow Book Governmental Accounting through the Board of Accountancy underneath Rutgers University sponsor number 703.

Continuing Education

Rutgers Center for Government Services awards certificate upon best crowning glory of every Financial Management application route. This is defined as attendance at eighty percentage of the class hours, a passing grade of 80 percent or higher, and full charge of all prices.

DCA Continuing Education Credit

Selected application publications qualify for CEU credit score toward renewal of the CMFO/CCFO licenses. Call the middle at 848-932-4739, for greater statistics.

CPE Continuing Education Credit

The monetary control program guides are approved via the New Jersey State Board of Accountancy for CPE credit score underneath New Jersey sponsor wide variety 703.

STRATEGIC MUNICIPAL BUDGETING AND CAPITAL PLANNING STRATEGIES 

four.5 hours 

This direction will assist public officials in making knowledgeable strategic economic selections to be able to stabilize a local government’s working and capital price range. The 4.5-hour software will recognition at the importance on multi-12 months budgeting, capital making plans and price containment techniques. Topics will encompass review and evaluation of Local Budget Law; strategic price range & revenue making plans; shared provider agreements possibilities and price containment analysis; capital planning and debt planning.  

Course Manuals

County Fiscal Operations (2010)

The manual evaluations the general structure of government in New Jersey; nation statutes governing the county budget system, content and layout; agree with price range and provide accounting; annual debt statements and supplemental debt statements; and local public contracting legal guidelines.    

Maintaining Municipal General Ledgers (2013)

This e-book is designed to feature as a “do-it-yourself” guide for preserving a municipal popular ledger and makes a speciality of the non-coins ultimate entries required at or round year quit.  It covers the Current Fund, Grant Fund, Trust Fund and General Capital Fund.  The guide functions journal entry checklists for each fund, causes for every magazine entry and pattern source documents Illustrating wherein to obtain the facts vital to make every journal entry.  Sample reports supplied.

Municipal Budget Process (2012)

This guide gives a broad background of local government budgeting as it’s miles practiced in New Jersey and deals with a report that is a plan of action, expressed in financial terms. Legal necessities regarding the adoption and executing of the official budget are tested, as well as the jobs of various municipal officers thru the budget circle.                                   

Municipal Capital and Trust Fund Accounting (1997)

The supplemental route manual presents accounting processes and issues which can be labored on for the duration of elegance under the instructor’s supervision. Principles of assessment, consider fund accounting, preferred capital fund accounting, and concept of capital budgeting also are covered.        

Municipal Current Fund Accounting (2013)

This guide specializes in fund accounting in New Jersey. It is designed as a path complement for the ones who’ve responsibility for local authorities finance. The guide introduces primary fund accounting terminology and work sheet instruction and proceeds to the software of the standards and theories for the whole municipal accounting cycle.     

Municipal Finance Administration in New Jersey (2017)

This guide introduces the sphere of municipal finance and is designed to provide a foundation for a higher understanding of New Jersey neighborhood authorities economic affairs.  Major topics protected encompass  the institutional framework of local authorities in New Jersey, the kingdom’s function in supervision and  help, assets tax administration and evaluation administration, municipal caps, municipal budgeting, finances execution, municipal purchasing, treasury control, and the flexible chart of bills.                    

Municipal Utility Fund Accounting (1999)

The supplemental path guide offers the substances for sophistication-work on utility fund accounting tactics and problems below the instructor’s supervision. The subjects consist of purpose and scope of application funds, the utility working fund, idea of capital budgeting, the application capital fund, and the software evaluation fund.                                                                                                                                    

Principles of Financial Management (2018)

The supplemental course guide provides the premise for emphases on sound monetary management practices for finance directors, treasurers, and registered municipal accountants. Elements of economic business enterprise, reporting, making plans, debt, pension, investment, coverage management, and collective bargaining are reviewed thru the contained case research.                             

Preparation of Annual Financial Statements (2016)

This supplemental route manual is designed to provide a running record to similarly the talents necessary to complete an annual economic statement. The cloth is built around the real practise of an annual monetary declaration.

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