FIN-5018 - Accounting for Nonprofit Organizations

Semester Credits: 3 Weeks: 8

This course provides a comprehensive overview of the principles and practices of accounting and financial oversight of governmental and nonprofit organizations. The accounting function in these organizations is unique because, relative to for-profit accounting, their goal is not to demonstrate profits earned for shareholders but instead to provide those who fund their organizations a record of how funds were raised and used to provide services to their constituents. The main form of financial recordkeeping used by these organizations is fund accounting. Related topics covered in this course include general and revenue funds, capital project funds, debt service funds, enterprise and fiduciary funds, capital project funds, long-term debt and fixed-asset accounting, and the planning and control of cash and temporary investments.