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The Uniform Massachusetts Accounting System
Fall 2010 Class

Course Description
Last Updated: January 10, 2010

Course Description

Syllabus

Registration Form

Directions to Class


 

The Uniform Massachusetts Accounting System (UMAS) course is offered to municipal and school officials and private sector individuals and related staff that desires a basic course in current Massachusetts' governmental accounting. The course will focus on UMAS system as promulgated by the Bureau of Accounts in their updated UMAS Manual with recent updates to Capital Projects and Proprietary Funds chapters. UMAS is the “preferred” accounting system for municipalities; regional school districts; water, sewer, fire and other districts; and municipal school departments. The course integrates Department of Education budgeting, accounting and reporting requirements, the new reporting model, Statement No. 34 of the Governmental Accounting Standards Board and water, sewer, fire, and other district requirements.  The six-day course consists of:

  • Governmental Accounting Principles
  • GAAP Financial Reporting - General Purpose Financial Statements Statement No. 34, Basic Financial Statements and Management’s Discussion and Analysis – for State and Local Governments
  • Comprehensive Annual Financial Report
  • UMAS Revised Manual, August 2007
  • UMAS Accounting and Reporting Overview - Schedule A
  • DOE Accounting and Reporting Overview – End of Year Report
  • UMAS Budgeting - The Tax Recap Sheet
  • DOE Budgeting - Schedule 19 - Net School Spending and Chapter 70 distributions
  • UMAS Accounting - General Fund
  • UMAS Accounting - Special Revenue Funds
  • UMAS Accounting – Permanent Funds
  • UMAS Accounting - Capital Projects Funds
  • UMAS Accounting - Enterprise Funds
  • UMAS Accounting – Private Purpose Trust Funds
  • UMAS Accounting - Agency Funds
  • UMAS Accounting – Long-Term Debt and Fixed Assets Accounting
  • UMAS Accounting - Fund Balance, Transfers and Net Assets
  • UMAS Accounting – Free Cash, E&D, and Year End Reporting
  • DESE DOR Roundtable

Participants will work in class to understand UMAS basic journal entries and journal entries for each individual fund type and account group by posting general and subsidiary ledger entries.  The class will meet generally every other week for six weeks from 9 am to 4 pm and will be limited to the first 20 registrations. 

Dates: September 24, October 1, 15, and 29, November 12, and December 10, 2010
Location: This class will rotate between the Dudley Municipal Complex, Needham School Administration Building, and Assabet Valley Regional High School.
Tuition: $999.00
CPE_credit_hours: 36

Faculty:  Mark D. Abrahams, CPA, President of The Abrahams Group, has taught the UMAS course for twenty-eight years. He has assisted many Massachusetts communities and regional school districts implement UMAS based budgeting, accounting and reporting systems and GASB 34 financial reporting systems.