Accounting
Approved course information last updated: 1 month, 3 weeks ago
Pre-requisites: ACC 201 ACC 214
Requisite To: None
Lab Session:
An introduction to the basic concepts, systems, terminology of government & non-profit accounting (g & nps). This course introduces the conceptual framework and the local practical aspects of accounting for the governmental units and not-for-profit organizations. Emphasis is placed upon the nature, objectives, concepts, standards and procedures of governmental accounting, uses of governmental accounting information in resource allocation, control, and budgeting.
- Lo1: to capture g & np's accounting principles, procedures, and reporting.
- Lo2: to identify roles and rules of budgeting as well as trust accounts.
- Lo3: to learn how resources allocation within the state accounts are set.
- Lo4: to explore the accounting elements within business processes in nonprofit entities.
- Lo5: to study revenues & expenditure accounts of government agencies.
- Lo6: to explain auditing & internal control of government accounts and spending.
- Lo7: to boost students wide accounting critical appreciation of g & np's accounting issues.
- Lo8: to describe the societal use of accounting information.
- Lo9: to build up student's ability to compare and judge the applicability and relevance of accounting that is most consistent and reliable.