ACCT 260 - Governmental and Non-Profit Accounting

5 credits

Prerequisites
ACCT& 201 Principles of Accounting I or instructor permission.

Presents a framework for accounting and financial reporting for government and not-for-profit organizations. Topics include general and special fund accounting for hospitals, charities, foundations, colleges and universities, and government agencies.

Theory Hours
5 theory hours.

Vocational Program Course
Vocational Program Course

Course Outcomes
Upon successful completion of this course, students will be able to:
•   Analyze government and not-for-profit financial reporting and how it differs from for-profit businesses.
•   Analyze and apply the purpose of fund accounting, the types of funds used by governments and not-for-profits, and the basic government and fund statements.
•   Explain the process related to governmental activities and the recognition of revenue and expenditures, including long-term debt obligations.
•   Analyze and discuss the accounting and financial reporting requirements for not-for-profit organizations.
•   Discuss the use and application of ethics in governmental and non-profit accounting.