ACC-212 Accounting for Government and Non-Profit Agencies

Accounting for Governmental and Not-for-Profit Organizations (GNP) introduces students to the basic concepts and techniques of fund accounting and the financial reporting for governmental and not-for-profit entities. The course focuses on the structure and utilization of financial information as it relates to GNP, including the following: applying and identifying correct reporting and accounting standards for GNP; preparing fund basis and government-wide statements for local and state governments; and preparing financial statements for private not-for-profit organizations.

Credits

4

Prerequisite

ACC-201

Lecture Contact Hours

4

Lab Contact Hours

0

Other Contact Hours

0

Department

• Business

Grading Scheme

• Letter

SUNY Gen Ed Credit

• No

Course Learning Outcomes

1. Differentiate how governmental agencies and not-for-profit organizations differ from other types of businesses.
2. Record and evaluate the typical monetary transactions of local and state governments in accordance with standards of the Governmental Accounting Standards Board (GASB).
3. Apply Generally Accepted Accounting Principles (GAAP) relating to particular types of nonprofit organization (i.e. colleges and universities, hospitals, and other nonprofit health and welfare organizations).
4. Prepare a complete set financial reports for local, state, and federal governments and not-for-profit organizations using an accounting program.