ACC 412 - Government & Not-for-Profit Accounting

• Study the accounting and financial reporting for governmental and private not-for-profit organizations.
• Describe the basic accounts used by governmental entities; apply the modified accrual basis of accounting as required; prepare fund-basis financial statements.
• Prepare the fund basis financial statements for proprietary funds.
• Practice the steps necessary to prepare government-wide financial statements for governmental organizations.
• Describe characteristics of private not-for-profit organizations; apply the accrual basis of accounting in the recording of typical transactions; prepare financial statements for private not-for-profit organizations.