3.00 Credits
The student will explore the foundation of governmental and non-profit accounting theory. Students will analyze and apply the generally accepted accounting principles established for governmental and non-profit organizations. Additionally, students will learn the unique accounting and reporting requirements for non-profit entities. Topics examined include those related to financial position, operating results, cash flow, and financial strength. Students will be shown how various accounting alternatives for recording transactions impact the usefulness of the information provided for decision making.