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22-921: The original predecessor of GFOA was the National Association of Comptrollers and Accounting Officers which was formed in February 1906. Its name was changed in December 1931 to the International Association of Municipal Finance Officers. In June 1932, the name became the Municipal Finance Officers Association (MFOA). In 1973, the GFOA (then MFOA) was instrumental in the creation of the National Council on Governmental Accounting (NCGA). By

44-800: A college senior preparing for a career in state or local government finance. Recently, GFOA founded a 1-year Research Fellow program for recent graduates from the University of Chicago with an interest in public finance and small government. GFOA’s Annual Conference attracts approximately 5,000 government finance professionals and provides a forum to discuss innovative practices, learn from best practice examples, network with peers, and interact with exhibitors. GFOA provides professional development training opportunities to state, provincial, and local level government officials and other finance practitioners each year. Training courses are presented as basic, intermediate, advanced, update, or overview. As part of

66-688: A commitment to professional development, the GFOA offers a Certified Public Finance Officer (CPFO) certification program. To earn the CPFO, candidates must pass seven examinations covering: Accounting and Financial Reporting, Compensation and Benefits, Debt Management, Planning and Budgeting, Treasury and Investment Management, Procurement, and Risk Assessment. Once earned, the CPFO designation requires 30 hours of continuing professional education each year. GFOA consultants are regular trainers at these events. Additionally, GFOA's training curriculum has helped thousands of Government finance workers receive CPE credit in

88-566: A degree of Candidate of Sciences approximately corresponding to the PhD. More senior positions normally require, in addition to the aforementioned degree, a track record of publications or certified inventions, as well as practical contributions to major research and development projects. Research fellows in South Africa are considered an asset to research organisations and universities. There are highly ranked universities such as University of

110-754: A detailed index; and a comprehensive glossary. GFOA also offers publications on budgeting, internal controls, debt management, treasury management, and other financial management topics. Government Finance Review (GFR): Government Finance Review is the Government Finance Officers Association's bimonthly membership magazine. It publishes articles in the forefront of the public finance profession, touching on topics such as fiscal first aid, performance measurement and management, new accounting and auditing standards, strategic budgeting, groundbreaking technology for government finance, innovations in public investing and debt management, and

132-400: A distinguished research professorship at a major university." They recognize scholars with distinguished research records and publications. This position originated in the 15th century as a way of allowing scholars time and funding to pursue independent research without having teaching duties. As with the professorial fellows, senior research fellows are research-only posts, with the rise of

154-615: A postdoctoral position such as research associate, and may be open-ended, subject to normal probation regulations. For some universities, research career grades roughly correspond to the grades of the academic pathway in the following way: research fellow (a lower or same grade as a lecturer ), principal research fellow— reader , whereas senior research fellow is somewhere between a lecturer and senior lecturer or associate professor . Some universities such as Cambridge restricts Professorial grades only to academics who have excelled in both teaching and research. Outside of faculty appointments,

176-468: A variety of areas, from accounting to pension management. GFOA plans to expand the service into an online platform to provide more courses to more people. Governmental Accounting Standards Board The Governmental Accounting Standards Board ( GASB ) is the source of generally accepted accounting principles (GAAP) used by state and local governments in the United States . As with most of

198-565: Is best known for its "Blue Book", titled Governmental Accounting, Auditing, and Financial Reporting (GAAFR). The GAAFR incorporates all of the guidance of the Governmental Accounting Standards Board (GASB). It offers all of the references necessary to ensure easy access to the underlying authoritative standards. Features include: a practical chapter in brief summary for each chapter; a set of exercises for each chapter (with an explanation of correct responses);

220-865: The Financial Accounting Foundation that gave them a voice and appointments in the creation of the Governmental Accounting Standards Board (GASB). The name Government Finance Officers Association was adopted in April 1984. [1] The Research and Consulting Center also is nationally recognized for its objective and practitioner focused consulting services for state and local governments. GFOA consulting services focus on business process improvement, organizational assessments, long‐term financial planning, budgeting, and planning and procurement assistance for technology projects. GFOA's technology consulting practice

242-551: The Witwatersrand , University of Stellenbosch Business School, and Rhodes University which offer fellowships to South African nationals in certain fields of research. In the United Kingdom a research fellow is a broad category, used to indicate a scholar on a research-oriented professional development track. In many universities a research fellow is a career grade of a Research Career Pathway , following on from

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264-552: The chair. Black is also partner-in-charge of Mauldin & Jenkins LLC. Research Fellow A research fellow is an academic research position at a university or a similar research institution, usually for academic staff or faculty members . A research fellow may act either as an independent investigator or under the supervision of a principal investigator. Although research fellow positions vary in different countries and academic institutions, in general it indicates junior researchers who develop their research careers under

286-519: The completion of pre-defined tenure, JRF can be considered for a senior research fellowship based on the research fellow's performance and/or interview conducted by the committee of the research institute. In the Russian Federation , the position and title research fellow is unknown; however, there is a broadly similar position of (Russian: Научный сотрудник , lit.   ' scientific worker ' ). This position normally requires

308-814: The entities involved in creating GAAP in the United States, it is a private, non-governmental organization. The GASB is subject to oversight by the Financial Accounting Foundation (FAF), which selects the members of the GASB and the Financial Accounting Standards Board , and it funds both organizations. Its mission is to establish and improve standards of state and local governmental accounting and financial reporting that will result in useful information for users of financial reports and guide and educate

330-401: The expanding role of the government finance officer in areas such as economic development and financial sustainability. With each issue, the magazine explores best practices in the realm of government finance, suggests solutions to questions facing public finance officers, reports the latest news in governmental accounting, examines intergovernmental affairs, and provides the latest information in

352-587: The field. The GFOA sponsors award programs designed to encourage sound financial reporting for financial documents including the Comprehensive annual financial report , or CAFR, and the annual budget. The group also awards an award for Excellence in government finance. Governments in both the US and Canada are encouraged to enter. GFOA also sponsors the Frank L. Greathouse Government Scholarship each year for use by

374-623: The guidance of senior researchers. In India, the position of research fellowship is provided to scholars from various streams like science, arts, literature, management and others. Research fellowships are funded by government academics, research institutes, and private companies. Research fellows research under the supervision of experienced faculty, professor, head of department, and Dean on two different posts known as Junior Research Fellowship (JRF) and senior research fellow (SRF). Research organisations like ICAR , CSIR , UGC , ICMR recruit research fellows through National Eligibility Test . After

396-465: The late 1970s, it was apparent that the NCGA couldn't fully do its job, due to part-time members and limited resources. Several public interest groups, including the GFOA and the National Association of State Auditors Comptrollers and Treasurers (NASACT), held public hearings to build consensus to create and fund a full-time standards-setting body. In 1984, the GFOA, NASACT, and others signed an agreement with

418-726: The market leader in assisting local governments through the process of assessing current systems, understanding the vendor marketplace, facilitating procurement of new systems, and providing detailed analysis and contract negotiation assistance to protect the best interests of governments with the purpose of reducing implementation risk. GFOA has assisted over 450 cities, counties, school districts, and special district governments with system selection, contract negotiation, and implementation readiness for ERP and other administrative systems. GFOA maintains an extensive inventory of books, e-books, manuals, guides, and CDs on government finance topics that are available for purchase, with member discounts. GFOA

440-592: The public, including issuers, auditors, and users of those financial reports. The GASB has issued Statements , Interpretations , Technical Bulletins , Concept Statements and Implementation Guides defining GAAP for state and local governments since 1984. GAAP for the Federal government is defined by the Federal Accounting Standards Advisory Board . In January 2020, GASB appointed Joel Black to succeed David Vaudt as

462-519: The title of "Research Fellow" or "Senior Research Fellows" can be also used as honorary or temporary awarded "fellowships" to distinguished academics by research institutes or colleges, usually from different institutions. Professorial Fellows are the most senior professorships at a university. They are members of the College's Governing Body. Senior Research Fellowships (SRFs) are awarded to researchers with "academic standing comparable to that of

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484-438: Was formed in 1998 to respond to GFOA members need for objective, independent guidance on procurement and implementation of enterprise resource planning (ERP) systems in advance of Y2K. As a non-profit membership organization, GFOA has no affiliation with any software or hardware vendors, and serves as an independent source of information for local governments. Over the past 15 years, GFOA's technology consulting practice has become

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