ACCT 2250 - Introduction to Fund Accounting

1. Distinguish between private sector accounting and governmental accounting to include the environment, accounting system and organizational goals.
2. Describe fund accounting including budgetary, appropriation, and encumbrance accounting entries and concepts.
3. 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.   
4. Prepare government-wide financial statements from fund financial records.