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

Textbooks:
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:

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 Course Policies that include:

Identity Verification
Required materials for all online courses
Mandatory Attendance Requirement
Orientation and Support
Proctored Exams

Standard SCC Course Policies:
Please review the Standard Course Policies on the following topics:

Academic Integrity
Add/Drop period
Attendance
Classroom Conduct
Equal Access
IT Access
Online Behavior
Online Confidentiality
Services For Students with Disabilities
Student Concerns
Student Help Services
Withdrawals

Official Course Syllabus
2022-2023