ACC 265 - Not-for-Profit Accounting
Class: 3 Credits: 3
This course introduces the special accounting needs of municipalities, counties, states, the federal government and governmental agencies, and other not-for-profit organizations.
Prerequisite(s): Take ACC 102 with a minimum grade of “C”.
- Characteristics of governmental and non-profit organizations.
- GAAP as it applies to Governmental and non-profit organizations.
- Journal entries
- Fund accounting
- Expenditure accounting
- Enterprise funds
- CAFR analysis
- Accounting principle applied to governmental and non-profit organizations
Textbook information can be found on the Book Inn Web site www.sccsc.edu/bookstore
An overall grade of C or higher is required for transferability.
A 90 - 100
B 80 - 89
C 70 - 79
D 60 - 69
F 0 - 59
Student Learning Outcomes:
- Explain accounting similarities and differences between profit seeking and governmental/non-profit organizations.
- Analyze the sources of GAAP for governmental and non-profit organizations.
- Analyze transactions of fund accounting.
- Apply budgeting techniques for governmental and non-profit accounting.
- Analyze and prepare journal entries for record common transactions.
- Analyze expenditure accounting for governmental funds.
- Analyze CAFR or audited financial statements.
- Prepare basic financial statements and required supplementary information
For SCC Online Courses:
If the course you are taking is online, please review the SCC Online Policies that include:
- Required materials for all online courses
- Mandatory Attendance Requirement
- Proctored Exams
Standard SCC Course Policies:
Please review the Standard SCC Course Polices on the following topics:
- Academic Integrity
- Academic Misconduct
- Add/Drop period
- Appeals Process
- Class Attendance
- Classroom Behavior (traditional and online)
- Classroom Conduct/Expectations
- Lab Procedures (general SCC policy regarding this)
- Online Confidentiality
- Services For Students with Disabilities
- Withdrawal Policy
Official Course Syllabus