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I. Introduction to Accounting and Financial Reporting for Government and Not-for-Profit Organizations
A. Why governments need different accounting methods than other types of businesses
B. Differences between governments and "for profit" businesses
C. Types of governments
D. What is a "not-for-profit" (NFP) organization and what accounting rules apply
II. Principles of Accounting and Financial Reporting for State and Local Governments
A. Applicapible principles and techniques
B. Which governments must comply
C. Reports that should be prepared and frequency
III. Government Operating Statements; Budgetary Accounting
A. The role a budget plays for governments
B. Budget preparation
C. How the budget is recorded by a governmental organization
IV. Accounting for Government Operating Activities
A. Revenue recognition and recording
B. Defination of expenses, expenditures, and encumbrances
C. The necessity for two sets of records
D. Preparation of financial reports from the records
V. Accounting for General Capital Assets and Capital Projects
A. Capital projects and why they should be accounted for differently
B. Accounting for capital projects
C. Financing of capital projects
VI. Accounting for General Long-term Liabilities and Debt Service
A. Types of long term obligations
B. Post retirement benefit accounting, and reporting, including pension funds
C. Other types of long-term obligations
VII. Accounting for the Business-type Activities of State and Local Governments
A. Reasons governments engage in business-type activities
B. The accounting and reporting rules apply
C. Combing business-type activities into government financial statements
VIII. Accounting for Fiduciary Activities such as Agency and Trust Funds
A. Endowment funds
B. Restrictions on usage
C. Valuation issues
D. Definitions of income
IX. Financial Reporting of State and Local Governments
A. Comprehensive annual financial reports, government wide statements, statement of cash flows, and changes in net assets
B. Other reporting obligations including statement of financial conditions
X. Analysis of Governmental Financial Performance
A. Ratio calculation and interpretation
B. Understanding the need for this analysis
C. Understanding the relationship between financial statements
XI. Auditing of Governmental and NFP Organizations
A. Understanding Generally Accepted Governmental Auditing Standards and why they differ from Generally Accepted Auditing Standards (GAAS)
B. Definations and purpose for financial audits, attestation audits, and performance audits
C. Single audits and how they differ
XII. Budgeting and Performance Measurement
A. Preparation, use, and meaning of governmental budgets
B. Integrating budgeting, planning, and performance measurement
C. Managerial tools to improve organizational performance
XIII. Accounting for NFP Organization
A. How other not-for-profit organizations differ from governmental organizations
B. Applicable accounting standards
C. Required financial statements
XIV. Regulation, Taxation, and Performance Issues for Other NFP Organizations
A. State regulation
B. Federal regulation and taxation
C. Governance issues
D. Evaluating NFP performance
XV. Accounting for Colleges and Universities
A. Generally Accepted Accounting Procedures (GAAP) for public and private universities
B. Accounting and reporting issues for colleges and universities
C. Accounting for private colleges and universities
XVI. Accounting for Health Care Organizations
A. Types of entities in health care
B. Accounting issues for health care organizations
C. Financial and operational analysis of health care organizations
XVII. Federal Government Accounting
A. The differences in federal GAAP
B. The Federal Accounting Standards Advisory Board (FASAB)
C. The General Accounting Office (GAO), the Comptroller General, the Office of Management and Budget (OMB), and their accounting records