Participants will earn 3 CPE, .3 CEU, 3 Contact Hours
Field of Study: Accounting (Governmental)
This course is designed to provide an overview of the Capital Improvement Program (CIP) process from the beginning stages of assessing the capital needs and requests, developing the capital plan and budget during the budget process, determining the appropriate funding sources and managing capital projects after budget adoption. Some of the information included in the course pertains directly to Georgia.
Upon completion of the course, the participant should be able to:
recall the definition of capital improvement program and capital assets
distinguish between a budget for CIP compared to operating
identify criteria for including improvement in CIP
recall planning documents and policies to consider during development of the CIP
recall the elements of a capital replacement schedule
identify the operating impact of a capital improvement on the budget
recall how capital improvements are selected and methods used to evaluate and prioritize
identify the roles of governing authority and other participants involved in the capital planning and budgeting process
identify the typical funding options related to a capital improvement plan
recall how capital improvement plans are developed and managed
Prerequisites: Basic knowledge of capital budgeting and planning process
Who Should Attend? This session is for anyone involved in development or administration of the capital budgeting and planning process.
Advance Preparation: None
Program Level: Overview
Delivery Method: QAS Self Study
Final exam is required with a minimum score of 70%, one retest is allowed. Should
you not pass the second attempt, you will be required to register for the course again.
Complete the course's required online quizzes and exercises within 30 days of receiving the "Welcome" email with course URL, username and password information.
University of Georgia, Carl Vinson Institute of Government, is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: https://www.nasbaregistry.org