ACC 407 - 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.

Click here for course scheduling information. | Check course textbook information