Governmental Accounting II and Nonprofit Accounting

This module covers the key characteristics of fiduciary funds, accounting for transactions for fiduciary funds, creating fiduciary funds' required financial statements, classifying transactions into the five Categories of Fund Balance, and reconciling the Balance Sheet of Governmental Funds to the Statement of Net Position.

This module outlines the steps involved in preparing the government-wide Statement of Net Position and the government-wide Statement of Activities from trial balances and supporting documentation.

This module outlines the steps involved in preparing the required financial statements for governmental funds, proprietary funds, and fiduciary funds.

This module covers key concepts related to Management's Discussion and Analysis, Notes to the Financial Statements, Required Supplementary Information, and other disclosure and reporting topics. It also highlights key financial performance concepts and financial performance ratios.

This module introduces fundamental aspects of nonprofit entities, including their definition, standards-setting body, users of financial statements, 501(c)(3) tax-exempt status, components of the Statement of Financial Position, and types of nonprofit net assets.

This module covers the Statement of Activities components, revenue recognition issues, journal entries for nonprofit transactions, and preparation of financial statements. It also covers FASB's nonprofit requirements for reporting expenses and the components of a nonprofit's Statement of Cash Flow.

This module focuses on preparing financial statements following generally accepted accounting principles for nonprofit entities, including journal entries, adjusting and closing entries, and creating comprehensive financial statements.

This module covers the difference between private foundations and public charities, calculating the Public Support Test, Form 990 reporting, unrelated business income tax, political activity restrictions, governance issues, and financial statement analysis for nonprofits.