Distinguish between private sector accounting and governmental accounting to include the environment, accounting system and organizational goals.
Describe fund accounting including budgetary, appropriation, and encumbrance accounting entries and concepts.
Record fund entries ( budgetary, appropriation, encumbrance) for the following:
Governmental Funds
General Funds
Special Revenue Funds
Capital Projects Funds
Debt Service Funds
Proprietary Funds
Fiduciary Funds
Identify the differences and similarities in reporting for governmental and not-for-profit organizations.
Course Description A study of basic fund accounting and financial reporting principles and procedures necessary to implement budgetary controls for governmental units and other not-for-profit organizations. Credits: 3