AC 524 Accounting for Government and Non-Profit Institutions

This course introduces the fundamentals of accounting for non-commercial businesses. The course examines the theory and techniques of accounting and financial reporting for public entities such as cities, counties, and states, as well as not-for-profit entities. The course coverage emphasizes fund accounting including GASB and FASB financial reporting concepts, applications, and practices for governmental and not-for-profit entities, transaction analysis, journal entries, preparation, use and analysis of financial statements and auditing and tax issues.