Sep 30, 2020  
2020-2021 Catalog 
2020-2021 Catalog

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”.
Course Topics:
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
Required Materials:
  • None

Grading System:
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:
  1. Explain accounting similarities and differences between profit seeking and governmental/non-profit organizations.
  2. Analyze the sources of GAAP for governmental and non-profit organizations.
  3. Analyze transactions of fund accounting.
  4. Apply budgeting techniques for governmental and non-profit accounting.
  5. Analyze and prepare journal entries for record common transactions.
  6. Analyze expenditure accounting for governmental funds.
  7. Analyze CAFR or audited financial statements.
  8. 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

Face Covering Requirements:
All faculty, staff and students must wear a face mask/covering at all times (absent a medical condition) on all SCC campuses when safe social distancing measures are not possible or difficult to follow. For further details, refer to the Student Guidelines for Face Coverings and Social Distancing on the SCC Coronavirus COVID-19 Information page.
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

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Official Course Syllabus