This course introduces the concepts and practices of accounting for nonprofit entities and for state and local governments. Topics include the role and process of budgeting in governmental and nonprofit organizations and financial analysis.
Upon completion of this course, students are expected to be able to do the following:
- Identify and articulate the roles and responsibilities of a nonprofit board of directors and the management team.
- Apply generally accepted governmental and nonprofit financial reporting principles.
- Identify the accounting similarities and differences of nonprofit entities between private business enterprises.
- Prepare financial statements, notes and supplementary information to meet the external reporting requirements of a nonprofit entity.