Accounting For Governmental & Not-For-Profit Organizations ((4 Credits))

Catalog description

This course is designed to enhance students’ comprehension of governmental and nonprofit entities, the unique regulatory standards that guide their accounting and reporting as well as operational considerations that impact tax-exempt status and the integrity of the organization’s mission. Topics include: fund accounting, principles of accounting and financial reporting for federal, state and local governments, audits for governmental entities, budgets for resource management, planning and controlling cash and temporary investments, and cost determination for governmental and nonprofit entities. Also covered in the course are accounting and financial reporting for specific entities such as college and universities, health care entities, voluntary health and welfare agencies, and charitable organizations. Note: The course satisfies quantitative aspects of business. This course was previously BME-213204 Accounting for Governmental and Not-for-Profit Organizations. Prerequisites: ACCT 3025 and ACCT 3030 , or equivalent.