ACCT 2230 - Government and Nonprofit Accounting
3 Credits
Focuses on the fundamentals of fund/nonprofit accounting. It prepares students to apply basic governmental accounting principles and prepare financial statements for fund/nonprofit organizations. Topics covered will include accounting for states, municipalities, and not-for-profit organizations with some federal government accounting.
Pre-Requisites ACCT 2101
Major Content Areas
Accounting for Hospitals and Other Health Care Providers 7% Advanced Topics for State and Local Governments 7% Overview of Financial Reporting for State and Local Governments 5% Accounting for Private Not-for-Profit Organizations 10% Proprietary Funds and Fiduciary (Trust) Funds 14% Accounting for the General and Special Revenue Funds 9% Accounting and Financial Reporting for Governmental and Not-for-Profit Entities 5% Auditing, Tax-Exempt Organizations and Evaluating Performance 7% Financial Reporting by the Federal Government 9% Accounting for Other Governmental Fund Types: Capital Projects, Debt Service, and Permanent 10% Accounting for Special-Purpose Entities, Including Public Colleges and Universities 7% Modified Accrual Accounting: The Role of Fund Balances and Budgetary Authority 10%
Learning Outcomes
Apply fund balance classifications for governmental funds. Demonstrate the ability to prepare government and nonprofit financial reports. Demonstrate the ability to prepare government wide financial statements. Identify the major fund categories used in governmental accounting and the fund types within each major fund category. Compare and contrast governmental and not-for profit entities. Explain accounting and financial reporting for not-for-profit organizations, including private colleges, universities and health care providers. Demonstrate accounting practices applied to fixed assets and long-term debt. Analyze principles and practices of governmental and not-for profit entities.
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