University General Course Catalog 2022-2023 
    May 27, 2023  
University General Course Catalog 2022-2023
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ACC 607 - Governmental and Not-for-Profit Accounting

(3 units)

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.

Per university policy this course may be repeated only once for credit.

Prerequisite(s): ACC 402  with a “C” or better or ACC 602  with a “C” or better.

Grading Basis: Graded
Units of Lecture: 3
Student Learning Outcomes
Upon completion of this course, students will be able to:
1. differentiate characteristics of business entities, state and local governments, federal governments, and not-for-profit organizations (NFPs).
2. identify, differentiate, and use the GAAP for governments and NFPs in recording transactions, preparing fund and entity-wide financial statements, and auditing.
3. demonstrate knowledge of the components of a Comprehensive Annual Financial Report and usage of the basic fund types by governments.
4. use ratio analyses to analyze financial conditions of governments and NFPs.

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