Elements of Accounting for Business, Not for Profit, and Governmental Organizations
Elements of Accounting for Business, Not for Profit, and Governmental Organizations

Elements of Accounting for Business, Not for Profit, and Governmental Organizations

Lead Author(s): Antonette McCaster

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This text covers accounting topics; such as account titles, journal entries and financial statements, for business, not-for-profit and governmental organizations.

Table of Contents

Business Organizations

Chapter 1 - The Language of Business

1.1 Managerial & Financial Accounting

1.2 Types of Business Organizations

1.3 The Accounting process

1.4 The Accounting Equation

1.5 Basis of Accounting

Chapter 2 - Analyzing Business Transactions

2.1  The "T"-account

2.2  Applying the debit and credit rules

2.3 Chart of Accounts

2.4 Journals and Adjusting Entries

2.5 Trial Balance and Closing Entries

Chapter 3 - Financial Statements

3.1 Constructing from a trial balance

3.2 Analyze the relationship between financial statements

3.3 Evaluate business decisions

Not-for-profit (NFP) Organizations

Chapter 4 - NFP Overview

4.1 Compare and contrast business and NFP organizations

4.2  Categorize transactions

4.3  Donor restrictions; with or without?

Chapter 5 - Journal Entries & Financial Statements

5.1  Account Categories

5.2  Journal Entries for NFP

5.3 Financial Statements

Governmental Organizations

Chapter 6 - Budgeting & Use of Funds

6.1  Budgeting

6.2 Budgetary Journal Entries

6.3 Property Tax Levy calculation based on need

6.4 Funds & Fund-type categories

6.5 Fund descriptions overview

Chapter 7 - Governmental-type Funds

7.1  Individual fund overview

7.2 Journal Entries

7.3 Interfund Activity

7.4 Fund Balance Classifications

7.5 Financial Statements

Chapter 8 - Proprietary-type Funds

8.1 Individual fund overview

8.2 Journal Entries

8.3 Financial Statements

Chapter 9 - Fiduciary-type Funds

9.1 Individual fund overview

9.2 Journal Entries

9.3 Financial Statements