Governmental Internatnl Acct

3 Credits · Level: Undergraduate

This course introduces (1) the financial accounting issues related to governmental and not-for-profit organizations in the U.S. and (2) the International Financial Reporting Standards, commonly called IFRS. Objectives of the course include understanding the principles used by governmental and not-for-profit entities to record accounting transactions and prepare financial statements and exploring the fundamental differences between U.S. GAAP and IFRS.