Units: 4
Hours: Lecture, 3 hours; written work, 3 hours
Catalog page 191
Prerequisites: BUS 165B
Description: Introduces accounting for nonprofit entities including their financial reporting objectives and examination of government auditing standards. Examines the basic principles of governmental accounting under Generally Accepted Accounting Principles (GAAP). Emphasizes the state and local government financial reporting model promulgated by the Governmental Accounting Standards Board (GASB).