ACCT 126 - Government and Not-for-Profit Accounting
This course provides a detailed examination and discussion of the accounting principles unique to governmental and not-for-profit entities. The course focuses on the use of special funds for state and local governments, colleges and universities, hospitals and other health care entities, voluntary health and welfare organization, and other not-for-profit organizations. Students will learn what characterizes an entity as one for which the GASB is the authoritative standard-setting body versus one for which the FASB is the authoritative standard-setting body and develop an understanding of why two unique sets of accounting principles were developed to serve these entities.
Prerequisite(s)/Course Notes: ACCT 124 or approved equivalent. Credit given for this course or ACCT 243, not both.