ACC 518 - Governmental and Nonprofit Accounting, 3 credit hours

Prerequisite(s): ACC 321 for Accounting 3/2 Program Students
This course deals with financial accounting and reporting concepts, standards, and procedures applicable to: 1. state and local governments-including counties, cities, and school districts, as well as townships, villages, other special districts, and public authorities 2. the federal government; and 3. nonprofit and governmental universities, hospitals, voluntary health and welfare organizations, and other nonprofit (or not-for-profit) organizations. Financial management and accountability considerations peculiar to government and nonprofit (G&NP) organizations are emphasized, and the distinctive aspects of auditing G&NP organizations are discussed.