Course Overview

Nonprofit and Government Accounting Fundamentals addresses the essentials of accounting and reporting for not-for-profit and government entities. The course addresses the similarities and differences in accounting and reporting for not-for-profit and government entities. The focus of the course is on fund accounting and the preparation of external financial statements. Fund accounting is an accounting system used for recording resources whose use has been limited by the donor, grant authority, governing agency, or other individuals or organizations or by law. Fund accounting emphasizes accountability rather than profitability and is used by nonprofit organizations and by governments.

Course Length

The course is a fourteen-week course (one session per week). However, the course is an on-demand, self-study, self-paced course. Therefore, the length of the course is determined by the time you dedicate to the course and your understanding of bookkeeping and accounting.

Important: When you purchase the course, we email you the course access code and instructions usually within an hour. If you don't receive the email, please check your Junk mail.

If you purchase the course after 5:00 pm MT (4:00 pm PT, 6:00 pm CT, 7:00 pm ET), we email you the course access code and instructions the morning of the next business day. We are closed on the weekend and major holidays.

The code provides you access to the course for 6 months beginning from the time you access the course.

Course Agenda

1. Introduction to Accounting and Financial Reporting for Governmental and Not-for-Profit Organizations
2. Overview of Financial Reporting for State and Local Governments
3. Modified Accrual Accounting: Including the Role of Fund Balances and Budgetary Authority
4. Accounting for the General and Special Revenue Funds
5. Accounting for Other Governmental Fund Types: Capital Projects, Debt Service, and Permanent
6. Proprietary Funds
7. Fiduciary Funds
8. Government-Wide Statements, Capital Assets, Long-Term Debt
9. Advanced Topics for State and Local Governments
10. Accounting for Private Not-for-Profit Organizations
11. College and University Accounting
12. Accounting for Hospitals and Other Health Care Providers
13. Auditing, Tax-Exempt Organizations, and Evaluating Performance
14. Financial Reporting by the Federal Government

Course Materials

The materials included with this course include:

• eTextbook (digital) with print loose-leaf textbook option
• Pre-assessment Test
• On-demand Video Instruction
• Quizzes
• Exercises
• Instructor Support
• Post-assessment Test
• 28 Continuing Professional Education (CPE) Credits

Course Steps

The steps to completing the course are as follows:

1. Take Pre-Assessment Test
2. Watch Chapter Video
3. Read Textbook Chapter
4. Complete Chapter Exercises
5. Take Chapter Quiz
6. Request Instructor Support
7. Take Post-assessment Test