Provides the tools necessary for understanding the principles of fiscal accountability and reporting in governmental and not-for-profit organizations. Pre: 415 or 582 with C- or better, or consent.
Subjects:
- Sources of financial reporting standards:
- Government and
- Not-for-profit entities
- Defining the reporting entity:
- State and local governments,
- Public corporations and
- Private not-for-profit entities
- Fund accounting:
- General funds,
- Special revenue funds,
- Capital project funds,
- Debt service funds,
- Government-wide financial statements,
- Government-wide disclosures,
- Special assessments fund,
- Internal service funds,
- Enterprise funds,
- Fiduciary funds, and
- Inter-fund transfers involving all of the above.
- Budgeting:
- Appropriations,
- Program budgeting,
- Cash planning,
- Cash control
- Cost accounting in a governmental and not-for-profit setting:
- Direct costs,
- Indirect costs, and
- Governmental cost accounting standards.
- Specialized accounting environments:
- College and university accounting,
- Health care entities,
- Voluntary health and welfare organizations,
- Other non-for-profit entities,
- Federal agencies.