This course is a junior or senior-level accounting elective that primarily covers accounting for government and not-for-profit entities. Students will learn about the theories and practices of financial accounting and reporting under the standards set forth by the Government Accounting Standards Board (GASB). For not-for-profit entities, the pertinent subset of standards set forth by the Financial Accounting Standards Board (FASB) will be studied. In addition, this course serves as a venue to discuss topics that are not covered in other financial accounting courses (such as IFRS or partnership accounting) or to discuss certain current accounting issues in both practices and the standard setting.

Prerequisite: ACCT 3030. 3 Credits