Governmental and Not-for-Profit Accounting – ACCT 403

CG • Section 8WK • 11/08/2019 to 04/16/2020 • Modified 03/30/2022

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.

For information regarding prerequisites for this course, please refer to the Academic Course Catalog.


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. 
  2. Describe the accounting utilized in governmental operations and in other not-for-profit organizations.
  3. Solve complex accounting problems using generally accepted accounting principles. 
  4. Analyze theoretically acceptable alternatives to complex accounting problems within the areas of not-for-profit accounting and governmental accounting. 
  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

Course Requirements Checklist

After reading the Course Syllabus and Student Expectations, the student will complete the related checklist found in the Course Overview.

Discussions (4)

The student will participate in four Discussions referencing cases from the textbook. Each Discussion consists of two parts, the thread and the reply. Each thread must be supported by at least two scholarly citations and be at least 400 words excluding the reference section. For each Discussion, the student will reply to one other thread.  Each reply must be supported by at least two scholarly citations and be at least 250 words excluding the reference section. MLO: A, B, C, D, E

Homework Assignments (9)

Homework assignments will be completed in Connect. The homework includes graded reading assignments and problems which are designed to prepare the student for the course quizzes.  MLO: B, C, D, E

Quizzes (4)

Quizzes will be completed in Connect. Each quiz will be open-book, open-notes and contain multiple-choice questions.  MLO: B, C, D, E