ACCT-234 Government and Not-For-Profit Accounting
This course covers governmental and not-for-profit accounting and reporting. Study includes governmental accounting concepts, content and format of the comprehensive annual financial report (CAFR), accounting and reporting transactions for governmental and not-for-profit organizations, and budgeting for these entities. This course prepares students for decisions relating to governmental and not-for-profit accounting and the Financial Accounting and Reporting (FAR) section of the Certified Public Accountant (CPA) Exam.
Hours Weekly
3 hours weekly
Course Objectives
- 1. Compare accounting concepts and principles for governmental, not-for-profit, and for-profit
organizations. - 2. Interpret the content and format of a comprehensive annual financial report (CAFR).
- 3. Assess a governmental financial reporting entity including blended and discrete component units.
- 4. Prepare and describe transactions for recognition, measurement, valuation, and calculation for
presentation in governmental entity financial statements.
- 5. Examine accounting reporting for governmental not-for-profit organizations.
- 6. Prepare and describe transactions for recognition, measurement, valuation, and calculation for
presentation in financial statements of nongovernmental not-for-profit organizations. - 7. Explain budgeting tools for governmental and not-for-profit organizations.
Course Objectives
- 1. Compare accounting concepts and principles for governmental, not-for-profit, and for-profit
organizations. - 2. Interpret the content and format of a comprehensive annual financial report (CAFR).
- 3. Assess a governmental financial reporting entity including blended and discrete component units.
- 4. Prepare and describe transactions for recognition, measurement, valuation, and calculation for
presentation in governmental entity financial statements.
- 5. Examine accounting reporting for governmental not-for-profit organizations.
- 6. Prepare and describe transactions for recognition, measurement, valuation, and calculation for
presentation in financial statements of nongovernmental not-for-profit organizations. - 7. Explain budgeting tools for governmental and not-for-profit organizations.