Introduces the fundamentals of accounting theory and practice of governmental/nonprofit accounting, including a study of the accounting methods, the reasons for and the use of the various funds, the purpose and use of budgets in this field of accounting, and the differences between GA AP, GASB Standards, and fund/governmental accounting.
 
Prerequisite:
ACTG 115 and ACCT& 201 or Instructor approval.

 
Learning Outcomes:

• Define, describe and use the “funds” when accounting for a governmental entity.
• Differentiate between governmental and not for profit entities and describe and use their accounting methods.
• Describe and use fund accounting for colleges and universities.
• Describe and use fund accounting for hospitals and other health care providers.