ACC 265 - Not-for-Profit Accounting
Lecture Hours: 3 Credits: 3
Description: 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 website
Required Materials:
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
2024-2025
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