ACCT 420 - Governmental and Not-for-Profit Accounting

3 Credits
This course is a study of accounting and reporting practices used in state and local governmental units as required by the Governmental Accounting Standards Board and the accounting and reporting practices used in not-for-profit entities as required by the Financial Accounting Standards Board. The unique accounting requirements of college, university, and hospital accounting are introduced in the course.

Prerequisite(s): ACCT 302
Course Learning Outcomes:
1. Assess, analyze, and record various governmental, university, hospital, and not-for-profit transactions.
2. Summarize the use of budgets as legal documents in a local governmental entity’s accounting system.
3. Analyze communicate the results of financial information in the Comprehensive Annual Financial Report and other financial reports.