ACCT3205 - 01 - Governmental & Not-For-Profit Accounting

This course engages students in the basic concepts and principles of government-wide, governmental funds, proprietary funds, and fiduciary funds financial statements. Students will be introduced to the reconciliation process and financial statement preparation for state and local governments. Specific transactions such as capital assets, long-term liabilities, fund balances, interfund activity, nonexchange revenue, expenditures and expenses, budgetary accounting, and net position are analyzed. Students will also evaluate the ethical implications of environmental, social, and governance policies being adopted at the state and local level. General purpose financial reporting for nongovernmental not-for-profit entities is also addressed.