Description:

This course is a three-hour survey course of not-for-profit accounting and its primary users: federal, state and local governments; hospitals; and schools. Upon successful completion of the course, the student should be able to describe the primary funds and accounting groups, assist in the budget process, and practice variances among the major nonprofit organizations according to their authoritative pronouncements. 3 hrs./wk.

Supplies: Refer to the instructor's course syllabus for details about any supplies that may be required.

Textbook(s): For information see - http://bookstore.jccc.net

Course Fees: NONE

Course Objectives:

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

1. Demonstrate application of accounting principles to nonprofit organizations.
2. Describe revenue and expenditures accounting.
3. Describe operating and non-operating funds.
4. Demonstrate interfund and intrafund accounting applications.
5. Describe cost accounting procedures for nonprofit organizations.
6. Describe unique accounting applications to nonprofit organizations – government, health, church, etc.

Content Outline & Competencies:

I. Introduction to Governmental and Nonprofit Accounting
   A. Describe the users and characteristics of not-for-profit
accounting.
   B. Identify and discuss the similarities and differences of
not-for-profit accounting with commercial accounting.
   C. Describe the authoritative pronouncements that regulate
not-for-profit accounting.

II. Basic Principles of Nonprofit Accounting and Reporting
   A. Discuss the purpose and capabilities of nonprofit accounting and
reporting.
   B. Identify and describe the types of funds, including governmental
funds, proprietary funds, and fiduciary funds.
   C. Describe the accounting for fixed assets, including valuation and
depreciation.
   D. Describe the accounting for long-term liabilities.
   E. List and describe the methods of accounting, including cash,
modified accrual, and full accrual.
   F. Describe and illustrate interfund transactions.
   G. Describe interim and annual financial reports.

III. Budgeting
   A. Describe the types and methods of budgeting.
   B. Describe the budget cycle, including planning, presentation,
adoption, and execution and control.
   C. Discuss the budgeting reporting and legal compliance.
   D. Illustrate the relationship of the budget to the fund accounts,
including estimated revenues, appropriations, allotments, and encumbrance
accounts.

IV. Governmental Funds – General, Special Revenue, Capital Projects,
Debt Service and Special Assessment Funds
   A. Describe the nature and purpose of each type of fund.
   B. Describe the number of funds and duration, where applicable.
   C. Discuss budgetary considerations for each type of fund.
   D. Describe basis of accounting and financial reporting for each type
of fund.
   E. Describe characteristics of revenues and expenditures applicable to
each type of fund.
   F. Identify any special considerations for each type of fund.

V. Proprietary Funds – Enterprise and Internal Service Funds
   A. Describe the nature and purpose of each type of fund.
   B. Describe the number of funds and duration, where applicable.
   C. Discuss administrative and budgetary considerations for each type of
fund.
   D. Describe accounting characteristics and financial reporting for each
type of fund.
   E. Describe characteristics of revenues and expenditures applicable to
each type of fund.
   F. Identify any special considerations for each type of fund.

VI. Fiduciary Funds – Trust and Agency Funds
   A. Describe the nature and purpose of trust and agency funds.
   B. Describe the characteristics of revenues and expenditures for trust
and agency funds.
   C. Discuss budgetary considerations for trust and agency funds.
   D. Describe accounting characteristics and financial reporting for
trust and agency funds.

VII. General Fixed Assets and General Long-Term Debt
   A. Describe the nature and purpose of general fixed assets and general
long-term debt.
   B. Describe the accounting characteristics and financial reporting for
these accounts.
   C. Explain the relationship of these accounts to other fund assets and
liabilities.

VIII. Federal and Nonprofit Organizations – Accounting and Financial
Reporting
   A. Describe state and local government accounting.
   B. Describe Federal government accounting.
   C. Describe public school accounting.
   D. Describe college and university accounting.
   E. Describe hospital accounting.

CLASSROOM ACTIVITIES:
Lecture and group involvement complemented by visual aids where
appropriate.

Methods of Evaluation of Competencies:

Evaluation of student mastery of course competencies will be accomplished using the following methods:

Minimum of four examinations
Evaluation of homework assignments
Evaluation of participation in classroom discussions
Optional projects 

Grade Criteria:
 A = 90 - 100%
 B = 80 -  89%
 C = 70 -  79%
 D = 60 -  69%
 F = below 60%

Caveats: NONE

Disabilities:

If you are a student with a disability, and if you will be requesting accommodations, it is your responsibility to contact Access Services. Access Services will recommend any appropriate accommodations to your professor and his/her director. The professor and director will identify for you which accommodations will be arranged.

JCCC provides a range of services to allow persons with disabilities to participate in educational programs and activities. If you desire support services, contact the office of Access Services for Students With Disabilities (913) 469-8500, ext. 3521 or TDD (913) 469-3885. The Access Services office is located in the Success Center on the second floor of the Student Center.