ACCT2230 — Government and Nonprofit Accounting
ACCT 2230 - Government and Nonprofit Accounting ACCT 2230 - Government and Nonprofit Accounting 3 Credits Focuses on the fundamentals of fund/nonprofit accounting. It prepares students to apply basic governmental accounting principles and prepare financial statements for fund/nonprofit organizations. Topics covered will include accounting for states, municipalities, and not-for-profit organizations with some federal government accounting. Demonstrate the ability to prepare government and nonprofit financial reports. Demonstrate the ability to prepare government wide financial statements. Identify the major fund categories used in governmental accounting and the fund types within each major fund category. Compare and contrast governmental and not-for profit entities. Explain accounting and financial reporting for not-for-profit organizations, including private colleges, universities and health care providers. Demonstrate accounting practices applied to fixed assets and long-term debt. Analyze principles and practices of governmental and not-for profit entities.
Prerequisites: ACCT2101