Program Overview
Nonprofit Accounting Program
The Nonprofit Accounting program is designed to provide students with a comprehensive understanding of the core principles and practices of nonprofit accounting. This course examines the accounting requirements of specific types of nonprofit organizations, including hospitals, colleges and universities, health and welfare organizations, and nonprofit and for-profit organizations that receive government assistance.
Course Description
Nonprofit organizations represent one of the fastest-growing sectors of our economy. This fact makes it increasingly important for auditors, managers, and CPAs in public, private, and nonprofit firms to understand how nonprofits measure financial performance and how they differ from for-profit organizations. The course summarizes the accounting requirements and practices of specific types of nonprofit organizations and covers topics such as:
- The general characteristics and operational environment of nonprofit organizations
- Applying generally accepted standards and principles
- Financial statements, audit guides, and recent changes in nonprofit accounting and reporting rules
Prerequisites
The prerequisites for this course are:
- MGMT X 1A and MGMT X 1B Principles of Financial Accounting
- Relevant experience in the nonprofit sector
- Consent of instructor
Program Details
The program is designed to provide students with a comprehensive understanding of nonprofit accounting, including:
- The accounting requirements of specific types of nonprofit organizations
- The differences between nonprofit and for-profit organizations
- The application of generally accepted standards and principles
- Financial statements, audit guides, and recent changes in nonprofit accounting and reporting rules
Learning Outcomes
Upon completion of the program, students will be able to:
- Understand the core principles and practices of nonprofit accounting
- Apply generally accepted standards and principles to nonprofit organizations
- Analyze financial statements and audit guides for nonprofit organizations
- Identify recent changes in nonprofit accounting and reporting rules
