This course emphasizes the accounting principles and reporting requirements for government units and not-for-profit entities. Topics include the accounting cycle, budgeting and fund accounting, and accounting for state and local governments, colleges and universities, and for not-for-profit organizations.
Students must have access to Microsoft Word and Microsoft Excel software. (Prerequisite ACCT101)
After successfully completing this course, you will be able to:
CO1-‐ Explain the fundamental ways that governments and not-‐for-‐profit organizations differ from business enterprises.
CO2-‐ Discuss the categories of non-‐exchange transactions and the general guidance for recognizing non-‐exchange revenues.
CO3-‐ Analyze the recognition of debt service expenditures—including both the normal nonaccrual of general long-‐term debt service and the conditions under which governments are permitted to accrue those debt service expenditures.
CO4-‐ Discuss the requirement that only assets held for outsiders be reported in these funds, even if they are used to account for some internal resources.
In addition to the required course texts, the following public domain Websites are useful. Please abide by the university’s academic honesty policy when using Internet sources. Note website addresses are subject to change.
American Psychological Association (APA) Style Website
Students are required to authenticate themselves with a proctor service for certain assessments in this course. Authentication requires access to a computer with a webcam, microphone, and speakers or headset. Instructions provided i
Accounting for Governmental & Nonprofit Entities, 17th ed. - the VitalSource e-book & Connect access is provided inside the classroom
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