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"Degrees & Programs"

ACC/460

Government and Non-Profit Accounting

Online

Format

$1194

Estimated Tuition

3 credits

Total credits

5 weeks

Course length

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Please Note: Attendance and participation are mandatory in all University courses, and specific requirements may differ by course. If attendance requirements are not met, a student may be removed from the course. Please review the Course Attendance Policy in the Catalog for more information.

University of Phoenix reserves the right to modify courses. While widely available, not all programs are available to residents of all states. Please check with a University Enrollment Representative.

Course level: Undergraduate

This course covers fund accounting, budget and control issues, revenue and expense recognition, and issues of reporting for both government and non-profit entities.

Prerequisites

ACC/290 or ACC/290T - Principles of Accounting I or equivalent

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What you'll learn

Course skills and outcomes

Accounting Standards for State and Local Governments

  • Demonstrate an understanding of why governmental accounting is–and should be–different from for-profit business accounting.
  • Model the governmental accounting system used to account for revenues, expenditures, encumbrances, expenses, capital, and debt.

Fund Accounting

  • Distinguish between the various types of funds used by governments.
  • Examine the accounting process used for governmental funds, proprietary funds, and fiduciary funds.
  • Analyze typical operating transactions for governmental, proprietary, and fiduciary activities and prepare appropriate journal entries at both the government-wide and fund levels.

Financial Reporting and Control for State and Local Governments

  • Assess and prepare governmental fund financial statements and government-wide financial statements and understand how to reconcile the two.
  • Evaluate the components of a comprehensive annual financial report (CAFR).
  • Perform key financial analysis of an entities financial position, financial condition, and economic condition.
  • Examine issues related to budgeting and control.

The Not-for-Profit Environment

  • Assess the accounting and financial reporting requirements for not-for-profit organizations.
  • Journalize transactions and prepare financial statements in accordance with the generally accepted accounting principles governing not-for-profit organizations.
  • Discuss how not-for-profit organizations are regulated.
  • Contrast the tax-exempt status of public charities and private foundations with commercial organizations.

Accounting for Not-for-Profit Colleges, Universities, and Health Care Orga …

  • Describe financial reporting for public and private colleges and universities.
  • Journalize transactions and prepare the basic financial statements for public and private colleges and universities.
  • Describe financial reporting for not-for-profit and governmental health care organizations.
  • Journalize transactions and prepare the basic financial statements for not-for-profit and governmental health care organizations.

Why UOPX

Why take courses at University of Phoenix

Accreditation that matters

We’ve been accredited by the Higher Learning Commission (hlcommission.org) for more than 40 years.

Real-world instructors

Learn from instructors who bring an average of 25 years of working experience to the classroom.

Affordable and potentially reimbursable

Our tuition and fees are competitive and fixed. Also, check to see if your employer will cover you for this course.

Next Steps

Start a conversation about your future with an enrollment representative today.

Start a conversation about your future with an enrollment representative today.

Call (844) 937-8679

Transfer Credits

Credit Transfer

Credit Transfer

Need to transfer credits to another college or university?

Before you enroll in a course, check with your school of choice to make sure they will accept our transfer credits and to understand any requirements or limitations. Then you can complete your course, and request your official transcript be sent to your school. That’s it!

How to request your transcripts

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. If you have a question contact us at (866) 354-1800.

The University of Phoenix reserves the right to modify courses. Although our continuing teacher education courses are accepted by some state agencies in the United States toward teacher certifications and endorsements, this may not be the case in all states or foreign jurisdictions. If you plan to use courses for certification or endorsement, please check with your own state agency and your school district for applicability. Continuing teacher education courses are not eligible to apply to degree programs at University of Phoenix. These courses are not eligible for federal financial aid. 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. While widely available, not all programs are available to residents of all states. Please check with a University Enrollment Representative. If you have a question contact us at (866) 354-1800.

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