Business & Hiring
Course · 8 lessons · 49 min
Government and Non-Profit Accounting
After this course you can apply fund, proprietary, and fiduciary accounting rules to prepare and reconcile government and non-profit financial statements.
By the end, you'll be able to
- Foundations of Gov & Non-Profit Accounting: Chapter 1
- Breaking Down Fund Accounting Basics: Chapter 2
- Demystifying Government Operating Statements: Chapter 3
- Understanding Proprietary Funds: Chapter 7
Curriculum
8 lessons- 01Foundations of Gov & Non-Profit Accounting: Chapter 1David and Maya break down the essential differences that set government and nonprofit accounting apart from for-profit entities. They unpack the structures, standards, and reports that ensure accountability and transparency in the public and nonprofit sectors.
- 02Breaking Down Fund Accounting Basics: Chapter 2In this episode, David and Maya explore the foundational principles of accounting and financial reporting for state and local governments. They break down the differences between government-wide and fund financial statements, explain the structure and types of funds, and discuss how fund balances and major funds are classified and reported. Listeners will gain practical insights into how government money is tracked and reported using real-world examples.
- 03Demystifying Government Operating Statements: Chapter 3Dive into the essentials of government operating statements with David and Maya as they unravel the format, purpose, and real-world application of these vital accounting tools. This episode explores government-wide operating statements, fund operating statements, and the intricacies of budgetary accounting with relatable examples and practical exercises.
- 04Understanding Proprietary Funds: Chapter 7In this episode, David and Maya break down proprietary funds in government accounting, focusing on internal service funds and enterprise funds. Using real-life examples and practical case studies, they clarify accounting principles, financial reporting, and common transactions. Perfect for students and anyone new to public sector accounting.10 min
- 05Making Sense of Fiduciary Funds: Chapter 8In this episode, David and Maya unravel the complexities of fiduciary activities in government and non-profit accounting, exploring fund types, pass-through grants, investment pools, and the required financial reporting. With insights from real-world examples like the Johnson County Employee Retirement System, they break down how fiduciary funds are structured and why they matter. Whether you're prepping for an exam or just curious, this is your guide to understanding government fiduciary responsibilities and financial statements.10 min
- 06Decoding Governmental Financial Statement Reconciliation: Chapter 9David and Maya break down how to reconcile governmental fund statements with government-wide statements. Using real municipal data and practical step-by-step examples, they demystify the rules and common adjustments required for clear public sector financial reporting.9 min
- 07Breaking Down Not-for-Profit Accounting: Chapter 14This episode explores the fundamentals of accounting for not-for-profit organizations, focusing on accountability, financial statements, and the special treatment of contributions and donations. David and Maya unpack the standards, provide real-world examples, and clarify how organizations classify and report their revenues, expenses, and net assets.10 min
- 08Demystifying the Single Audit: Chapter 11This episode breaks down the Single Audit process for government and non-profit entities receiving federal funds. We'll explain its requirements, walk through the essential steps, and explore common quality pitfalls using real-world examples. Perfect for students and anyone interested in public sector accountability.10 min
Your instructor
Government & Non-Profit Accounting
This podcast takes my Intro to Government & Non-Profit Accounting course material and breaks it down into simple, bite-sized episodes. Think of it as a study buddy that makes tricky topics—such as fund accounting, budgets, and reporting —easier to understand and remember. Perfect for students or anyone curious about how money works in the public and non-profit world.
Visit Government & Non-Profit AccountingStart the course
8 lessons · 49 min. Free, no signup.
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