ACCT 428 - Governmental/Nonprofit Accounting

1. Identify the conceptual framework and measurement focus for state and local governments, and determine the appropriate fund(s) for recording activities.
2. Prepare the financial statements included in the Comprehensive Annual Financial Report (CAFR).
3. Develop appropriate reconciliations of government-wide financial statements.
4. Measure, value, calculate, and present typical items and specific types of transactions that occur in governmental entities.
5. Explain the importance of accountability for public funds, from budgeting and evaluating financial performance through auditing of financial statements.
6. Prepare general purpose financial statements for nongovernmental, not-for-profit entities.