Governmental and Not-for-Profit Accounting – ACCT 403

CG • Section 8WK • 11/08/2019 to 04/16/2020 • Modified 07/28/2020

Course Description

Advanced problems involving government and non-profit organizations, estates and trusts, financially distressed entities, translation and consolidation of foreign entities and segment reporting.


ACCT 402


This is a senior-level course in accounting theory and practice intended primarily for those who plan to enter the accounting profession. The course is also useful to others who would like an in-depth study of governmental units and nonprofit organizations. Students are presented with concepts and applications of both theory and practice. Accounting students who seek professional success in their careers need to understand both theory and practice in order to meet the challenges that await them in the future. Students are also introduced to alternatives to current practice to enhance their understanding of accounting practices that may evolve in the future.

Measurable Learning Outcomes

Upon successful completion of this course, the student will be able to:

  1. Integrate a biblical worldview with generally accepted accounting principles (GAAP) in the presentation and resolution of accounting ethics dilemmas. (Program Learning Outcome 4, Reinforced)
  2. Describe the accounting utilized in Governmental operations and in other not-for-profit organizations. (Program Learning Outcome 1, Reinforced)
  3. Solve complex accounting problems using generally accepted accounting principles. (Program Learning Outcome 1, Reinforced)
  4. Analyze theoretically acceptable alternatives to complex accounting problems within the areas of not-for-profit accounting and governmental accounting. (Program Learning Outcome 1, Emphasized.)
  5. Use accounting theory as a basis for analyzing and solving complex problems in accounting for state and local governments and not-for-profit organizations.

Course Assignment

Textbook readings and lecture presentations/notes

Course Requirements Checklist

After reading the Course Syllabus and Student Expectations, the student will complete the related checklist found in Module/Week 1.

Group Discussion Board Forums (4)

For this collaborative discussion board, the instructor will place the student into a group at the beginning of the course. The student will participate in 4 Group Discussion Board Forums that will discuss cases from the textbook. Each forum consists of 2 parts, the thread and the reply. Each thread must be at least 400 words excluding the reference section. For each Group Discussion Board Forum, the student will reply to one other thread. The reply must be at least 250 words excluding the reference section.

Connect Homework (4)

The student will complete 4 homework assignments using Connect. Included in the homework are various problems which are designed to prepare the student for the course exams.

Connect Exams (4)

There will be 4 exams in this course completed in Connect. Each exam will be based on the textbook readings and contain problems and/or multiple-choice questions.