ACC-5070 Government and Not-for-Profit Organization Accounting

Government and Not-for-Profit Organization Accounting analyzes and evaluates the accounting principles and techniques used by state and local governments and not-for-profit organizations. The course explores the role of the Governmental Accounting Standards Board (GASB) and the Financial Accounting Standards Board (FASB) in establishing accounting standards and disclosure requirements for state and local governments and not-for-profit organizations. Course content illustrates the modified accrual basis of accounting and the classification of funds. This course also discusses the accounting measurements, recognition, and disclosures for certain transactions related to government-type and business-type activities. Additionally, the course analyzes the required financial statements for state and local governments as well as the required financial statements for not-for-profit organizations. Students will also analyze and discuss the financial reporting and disclosures required for local governments who have filed for bankruptcy.

Credits: 3

Offered in Jan 2024, Jul 2024, Jan 2025

Preview the Online Syllabus 
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