Help

This course has an assignment that is due by 11:55 pm Central Standard Time on Wednesday night of the first week of class. Failure to complete this assignment will result in your removal from the course for non-participation.

Textbooks

Reck, Jacqueline L.; Accounting for Governmental and Nonprofit Entities (18th Edition). United States:  McGraw-Hill Irwin, Packaged with Connect. 

Students can purchase: Option 1: ebook and Connect OR Option 2: eBook, Connect, and the hard copy of the textbook.

Option 1:  eBook and Connect (2 semester access card): ISBN: 978-1-260-19005-2

Option 2:  (Package) eBook, Connect (2 semester access card), and hard copy of the textbook: ISBN: 978-1-260-25926-1

Access to Connect is required for this course.

Online Registration Instructions are provided on the Resources and Materials page of the course once the class begins.  There is a 14 day free trial on Connect to use if you need to wait for funds. However, you must purchase the Access at the end of the 14 days.

 

Course Description

Concepts and techniques of accounting for organizations which are not seeking profits. Topics include the concept of a fund; various types of funds; special problems of municipalities, public schools, universities, hospitals, churches and the federal government. Prerequisites: AC201 and AC202.

Course Objectives

Upon successful completion of the course, each participant should be able to:
  1. Demonstrate an understanding of financial reporting for state and local governments
  2. Illustrate modified accrual accounting as it relates to fund balances and budgetary accounts
  3. Show accounting for general & special revenue funds; capital projects, debt service & permanent funds; proprietary funds and fiduciary funds
  4. Prepare government-wide financial statements and perform adjusting and elimination entries
  5. Demonstrate an understanding of accounting for colleges and universities
  6. Demonstrate an understanding of accounting for private not-for-profit organizations
  7. Demonstrate an understanding of accounting for hospitals and other health-care providers
  8. Understand auditing and performance evaluation as it relates to governmental and not-for-profit entities
  9. Demonstrate an understanding of financial reporting by the federal government