Governmental/Not-For-Profit Accounting

Catalog description

Students in this seminar course will review selected current issues in accounting for advanced study which include the unique accounting requirements of governmental and non-profit organizations. As part of this study, students will select financial accounting and reporting methods, prepare comprehensive annual financial reports for governmental and appropriate financial statements for non-profit organizations, together with applicable notes. Students will evaluate assumptions and methods underlying estimates, including fair value measures of financial statement components and determine appropriate accounting treatment for new or unusual transactions used by governmental and non-profit organizations. Real-world problems and applications will be incorporated to maximize the development of skills valued by the market place. A biblical framework will be integrated throughout the course.