ACCT 234 Government and Not-For-Profit Accounting

This course covers governmental and not-for-profit accounting and reporting. Study includes governmental accounting concepts, content and format of the comprehensive annual financial report (CAFR), accounting and reporting transactions for governmental and not-for-profit organizations, and budgeting for these entities. This course prepares students for decisions relating to governmental and not-for-profit accounting and the Financial Accounting and Reporting (FAR) section of the Certified Public Accountant (CPA) Exam.

Credits

3

Prerequisite

ACCT 112

Hours Weekly

3 hours weekly

Course Objectives

1. Compare accounting concepts and principles for governmental, not-for-profit, and for-profit
   organizations.
2. Interpret the content and format of a comprehensive annual financial report (CAFR).
3. Assess a governmental financial reporting entity including blended and discrete component units.
   
4. Prepare and describe transactions for recognition, measurement, valuation, and calculation for
   presentation in governmental entity financial statements.
   
5. Examine accounting reporting for governmental not-for-profit organizations.
6. Prepare and describe transactions for recognition, measurement, valuation, and calculation for
   presentation in financial statements of nongovernmental not-for-profit organizations.
7. Explain budgeting tools for governmental and not-for-profit organizations.

Course Objectives

1. Compare accounting concepts and principles for governmental, not-for-profit, and for-profit
   organizations.

   This objective is a course Goal Only

   Learning Activity Artifact

   • Other (please fill out box below)
   • Exam

   Procedure for Assessing Student Learning

   • Other (please fill out box below)
   • Exam
2. Interpret the content and format of a comprehensive annual financial report (CAFR).

   This objective is a course Goal Only

   Learning Activity Artifact

   • Other (please fill out box below)
   • Exam

   Procedure for Assessing Student Learning

   • Other (please fill out box below)
   • Exam
3. Assess a governmental financial reporting entity including blended and discrete component units.
   

   This objective is a course Goal Only

   Learning Activity Artifact

   • Other (please fill out box below)
   • Exam

   Procedure for Assessing Student Learning

   • Other (please fill out box below)
   • Exam
4. Prepare and describe transactions for recognition, measurement, valuation, and calculation for
   presentation in governmental entity financial statements.
   

   This objective is a course Goal Only

   Learning Activity Artifact

   • Other (please fill out box below)
   • Exam

   Procedure for Assessing Student Learning

   • Other (please fill out box below)
   • Exam
5. Examine accounting reporting for governmental not-for-profit organizations.

   This objective is a course Goal Only

   Learning Activity Artifact

   • Other (please fill out box below)
   • Exam

   Procedure for Assessing Student Learning

   • Other (please fill out box below)
   • Exam
6. Prepare and describe transactions for recognition, measurement, valuation, and calculation for
   presentation in financial statements of nongovernmental not-for-profit organizations.

   This objective is a course Goal Only

   Learning Activity Artifact

   • Other (please fill out box below)
   • Exam

   Procedure for Assessing Student Learning

   • Other (please fill out box below)
   • Exam
7. Explain budgeting tools for governmental and not-for-profit organizations.

   This objective is a course Goal Only

   Learning Activity Artifact

   • Other (please fill out box below)
   • Exam

   Procedure for Assessing Student Learning

   • Other (please fill out box below)
   • Exam