ACC 409 - Governmental and Nonprofit Accounting (3)

Understand and discuss accounting for state and local governments and various tax-exempt organizations. Topics include: governmental accounting, the implications of tax-exemption, understanding the Form 990 and unrelated business income tax, proper accounting for items unique to nonprofit organizations, and accounting and tax situations unique to ministers, missionaries, and faith-based organizations. Students will also consider the concept of stewardship and its implications to governmental and nonprofit entities.

Prerequisite(s): ACC 201
Grading Method: Letter Grade
Term Typically Offered: Fall