Overview
Description
Accounting for governmental and not-for-profit enterprises, including municipalities, hospitals and universities. Specific topics include fund accounting, financial statement preparation and basic auditing issues.
Requirements
Prerequisites
- with a “C” or better
ACC 402ACC 602
Original catalog text
Prerequisites
ACC 402 with a “C” or better or ACC 602 with a “C” or better.
Units
Lecture3
Catalog Details
Attributes
StandardRepeatable
Learning Outcomes
- differentiate characteristics of business entities, state and local governments, federal governments, and not-for-profit organizations (NFPs).
- identify, differentiate, and use the GAAP for governments and NFPs in recording transactions, preparing fund and entity-wide financial statements, and auditing.
- demonstrate knowledge of the components of a Comprehensive Annual Financial Report and usage of the basic fund types by governments.
- use ratio analyses to analyze financial conditions of governments and NFPs.