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Government And Non-profit Accounting –
acc460
(3 credits)
This course covers fund accounting, budget and control issues, revenue and expense recognition, and issues of reporting for both government and non-profit entities.
This undergraduate-level course is 5
weeks.
To enroll, speak with an Enrollment Advisor.
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Current Issues in Government and Not-for-Profit Accounting
- Explain how increasing scrutiny and demand for accountability by the public has impacted reporting for not-for-profit and governmental entities.
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Overview of Not-for-Profit Accounting
- Assess SFAS 116 and 117 and its impact on the financial statements.
- Differentiate between the revenue sources of not-for-profit organizations.
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Fund Accounting Part II
- Prepare a financial statement for a governmental agency.
- Prepare fund and internal service fund accounting entries.
- Record interfund transfers.
- Apply accounting procedures for recognizing revenues and other budgetary resources.
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Fund Accounting Part I
- Differentiate between government-wide financial statements and fund statements.
- Explain how governments account for capital projects and debt service funds.
- Explain how encumbrances affect expenses and expenditures on a governmental budget.
- Explain the principles of fund accounting and revenue recognition.
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Environment of Government/Not-for-Profit Accounting
- Describe how the modified accrual accounting basis differs from full accrual accounting.
- Differentiate between a budget and a Comprehensive Annual Financial Report (CAFR).
- Compare and contrast governmental (GASB) and proprietary (FASB) accounting.
- The University of Phoenix reserves the right to modify courses.
- While widely available, not all programs are available in all locations or in both online and on-campus formats. Please check with a University Enrollment Advisor.
- Transferability of credit is at the discretion of the receiving institution. It is the student’s responsibility to confirm whether or not credits earned at University of Phoenix will be accepted by another institution of the student’s choice.
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