ACCT 260 Governmental and Non-Profit Accounting • 5 Cr.


Presents a framework for accounting and financial reporting for government and not-for-profit organizations. Topics include general and special fund accounting for hospitals, charities, foundations, colleges and universities, and government agencies. Prerequisite: ACCT 102 or ACCT&202 with a C or better, or entry code.


After completing this class, students should be able to:

  • Analyze government and not-for-profit financial reporting and how it differs from for-profit businesses.
  • Analyze and apply the purpose of fund accounting, the types of funds used by governments and not-for-profits, and the basic government and fund statements.
  • Explain the process related to governmental activities and the recognition of revenue and expenditures, including long-term debt obligations.
  • Define and apply the process that governments use to account for permanent and fiduciary funds.
  • Analyze and discuss the accounting and financial reporting requirements for not-for-profit organizations.
  • Explain the complexities of financial analysis, including assessing economic conditions, calculating, and interpreting financial ratios.
  • Discuss the use and application of ethics in governmental and non-profit accounting.