ACCT 403 Fund Accounting for Government and Not for Profits

The course discusses advanced problems involving government and non-profit organizations, estates and trusts, financial distressed entities, translation and consolidation of foreign entities and segment reporting. The use of data analysis tools in fund accounting and other types of financial reports will also be discussed.

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 the student who plans 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. The student is presented with concepts and applications of both theory and practice. The accounting student who seeks professional success in his/her career needs to understand both theory and practice to meet the challenges that await him/her in the future. The student is also introduced to alternatives to current practice to enhance his/her understanding of accounting practices that may evolve in the future.

Textbook readings and presentations

No details available.

Course Requirements Checklist

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

Homework Assignments (9)

The student will complete homework assignments in Connect. The homework includes graded reading assignments and problems, which are designed to prepare the student for the course quizzes.  (CLO: B, C)

The student will review the most recent Annual Comprehensive Financial Report (ACFR) for a U.S. state or local government and prepare a paper that discusses 5 specific points of interest from the Management’s Discussion and Analysis included within the ACFR.  Content must be supported by at least 3 scholarly citations in current APA format and be at least 2-3 pages, excluding the reference section. (CLO: A, B, C)

The student will pick a non-profit organization and analyze its Form 990 and then write a paper. Content must be supported by at least 3 scholarly citations in current APA format and be at least 3-5 pages, excluding the reference section.  (CLO: A, B, C)

The student will pick a publicly listed company and write a paper analyzing its content using the prompts.  Content must be supported by at least 3 scholarly citations in current APA format and be at least 2-3 pages, excluding the reference section. (CLO: A, B, C)

The student will pick a publicly listed company and prepare a 6-slide PowerPoint presentation (with speaker’s notes) answering the prompts. Content must be supported by at least 2 scholarly citations in current APA format (CLO: B, C). 

Quizzes (4)

The student will complete Quizzes in Connect. Each quiz will be closed-book and contain multiple-choice questions. The quizzes are proctored by Proctorio, and there is only 1 attempt. (CLO: B, C)