acc460 | undergraduate

Government And Non-profit Accounting

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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 This course is available to take individually or To enroll, speak with an Enrollment Representative.

Course details:

Credits: 3
Continuing education units: XX
Professional development units: XX
Duration: 5 weeks

topic title goes here

    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.

    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.

    Environment of Government/Not-for-Profit Accounting

    • Compare and contrast governmental (GASB) and proprietary (FASB) accounting.
    • Differentiate between a budget and a Comprehensive Annual Financial Report (CAFR).
    • Describe how the modified accrual accounting basis differs from full accrual accounting.

    Fund Accounting Part I

    • Explain the principles of fund accounting and revenue recognition.
    • Explain how encumbrances affect expenses and expenditures on a governmental budget.
    • Explain how governments account for capital projects and debt service funds.
    • Differentiate between government-wide financial statements and fund statements.

    Fund Accounting Part II

    • Apply accounting procedures for recognizing revenues and other budgetary resources.
    • Record interfund transfers.
    • Prepare fund and internal service fund accounting entries.
    • Prepare a financial statement for a governmental agency.
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    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.