This course is designed to cover financial reporting, managerial, auditing, taxation, and information systems issues in governmental and nonprofit entities. Ethics and professional standards, as well as communication and analytical skills, are developed. Students will apply dual-track accounting to help develop skills at analyzing transactions in a governmental entity and follow their effect on the financial statements. This course will benefit all accounting students but especially those who are interested in managerial accounting positions in universities, health care organizations, public schools, state and local governments, or nonprofit organizations.

After completing this course, the student will be able to:

1. Describe the environment of governmental and non-profit organizations.
2. Explain the accounting cycle in the government entities.
3. Determine the general government budget methods.
4. Evaluate the general budget method used in Saudi Arabia.
5. Describe the control systems in the government.
6. Demonstrate improvement in written communication skills.
7. Demonstrate knowledge of approaches to do research proposal in accounting.
8. Demonstrate effective communication in speech.

1. Introduction.
2. Financial reporting for governmental and not-for-profit entities.
3. Principles of accounting and financial reporting for state and local governments.
4. Governmental operating statement accounts: Budgetary accounting.
5. Accounting for governmental operating activities-Illustrative transactions and financial statements (plus ethics issues).
6. Accounting for general capital assets and capital projects.
7. Auditing of governmental and not-for-profit organizations.
8. Accounting for fiduciary activities: Agency and trust funds.
9. Accounting for colleges and universities.

Reck, J., Lowensohn, S. & Wilson, E. (2013). Accounting for Governmental and Nonprofit Entities 16^th ed. New York, NY: McGraw-Hill Irwin. ISBN-13: 978-0-07-811093-1. MHID: 078110939.