ACC 507 - Government and Not for Profit Org Acct

Institution:

Thomas Edison State University

Subject:

Accounting

Description:

Government and Not-for-Profit Organization Accounting analyzes and evaluates the accounting principles and techniques used by state and local governments and not-for-profit organizations. The course explores the role of the Governmental Accounting Standards Board (GASB) and the Financial Accounting Standards Board (FASB) in establishing accounting standards and disclosure requirements for state and local governments and not-for-profit organizations. Course content illustrates the modified accrual basis of accounting and the classification of funds. This course also discusses the accounting measurements, recognition, and disclosures for certain transactions related to government-type and business-type activities. Additionally, the course analyzes the required financial statements for state and local governments as well as the required financial statements for not-for-profit organizations. Students will also analyze and discuss the financial reporting and disclosures required for local governments who have filed for bankruptcy.

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.tesu.edu

Phone Number:

(609) 984-1100

Regional Accreditation:

Middle States Association of Colleges and Schools

Calendar System:

Semester

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