Advanced Government & Not-for-Profit Accounting

Catalog description

This course explores the fundamental principles of governmental accounting in accordance with Generally Accepted Accounting Principles (GAAP). It focuses on the state and local government financial reporting model as established by the Governmental Accounting Standards Board (GASB) Statement No. 34, along with its subsequent modifications and clarifications by the GASB. Additionally, the course introduces Accounting for Nonprofit Entities, covering their financial reporting objectives. The course concludes by examining the Government Auditing Standards set by the U.S. Government Accountability Office (GAO) and their relevance to audits of governmental and nonprofit entities.