91福利社

Fund/Nonprofit Accounting — ACCT 2206

1. Course Description
   • Credits: 3.00
   • Lecture Hours/Week: 3.00
   • Lab Hours/Week: 0.00
   • OJT Hours/Week: 0
   • Prerequisites:
     • ACCT 1013: Principles of Financial Accounting II
   • Corequisites: None
   • MnTC Goals: None
   This course covers the application of generally accepted accounting principles for non-profit organizations, with emphasis on state and local governmental agencies. Topics include accounting for states, municipalities, and not-for-profit organizations with some federal government accounting. Additional focus includes accounting for private not-for-profit organizations such as colleges, universities, hospitals, and other health care providers.Prerequisite: ACCT1013
2. Course Effective Dates: 2/20/98 – Present
3. Outline of Major Content Areas
   As noted on course syllabus
4. Learning Outcomes
   1. Identify the sources of authoritative accounting standards for various public and private sector organizations.
   2. Understand and prepare typical journal entries and closing entries for the 11 fund types used by state and local governments.
   3. Understand and illustrate the contents of an Annual Comprehensive Financial Report (ACFR).
   4. Understand and illustrate the contents of a comprehensive annual financial report (CAFR).
   5. Identify and define recognition criteria for revenues and expenditures under the current financial resources measurement focus and the modified accrual basis.
   6. Prepare journal entries for the revenues and expenditures cycles of governmental funds using both budgetary and activity accounts.
   7. Prepare fund-basis financial statements for governmental, proprietary and fiduciary funds; prepare financial statements for private not-for-profit organizations.
5. Minnesota Transfer Curriculum Goal Area(s) and Competencies
   
6. Learner Outcomes Assessment
   As noted on course syllabus
7. Special Information
   None noted