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Nov 25, 2024

Jan 06, 2025

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$1,750.00

How To Enroll?

Undergraduate
5 Quarter Credits
6 Weeks
Faculty Led

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Course Description

The function and role of private and public sector organizations are often very different; therefore, the accounting principles used to run for-profit businesses and government businesses cannot always be the same. In this course, students compare and contrast the characteristics of government and nonprofit organizations and explore the ethical and social responsibilities of accountants working with these institutions. They also examine the measurement and reporting requirements for governmental and nonprofit organizations. They engage in discussions about the concepts of fund accounting, budget and control issues, and revenue and expense recognition. Students gain hands-on experience preparing financial statements for each type of organization. As a basis for their coursework, students use the Financial Accounting Standards Board's Accounting Standards Codification and pronouncements of the Government Accounting Standards Board. (Prerequisite(s): ACCT 3005.)

Pre-Requisites

ACCT1004S: Fundamentals of Accounting

Admission Requirements

Have one of the following:
- High school diploma;
- GED Conferred; or
- Collegiate transcript including 12 or more credits completed as a degree-seeking student
Unofficial transcript(s) from institution(s) with accreditation recognized by Council for Higher Education Accreditation (CHEA) or US Department of Education. Unofficial transcripts must include the name of the institution, student name, grades earned, credits earned, degree earned (if applicable), course names/numbers and dates of attendance
In addition to meeting the above criteria, candidates must also meet at least one of the following:
- Be 21 years of age or older;
- Be less than 21 years of age with 12 quarter credit hours of college credit;
- Be active military or a veteran (must provide documentation of service)
You can review more detailed admission requirements in the Walden University Student Handbook.