Governmental and Nonbusiness Accounting (not offered)

BUS435E Governmental and Nonbusiness Accounting (not offered)

Autumn 2024

  • Topics

    All organizations (business, governmental and nonbusiness organizations) must account for their revenues and expenditures. But since they acquire revenues in different ways for financing their expenditures, they face different management control problems (in the form of acquiring revenues for financing expenditures incurred). This situation implies that they prepare different types of revenue and expenditure accounts, or in other words, use different types of financial accounting models: commercial accounting, fund accounting or cameral accounting.

    The course will give an introduction to these different accounting models, focusing on use when preparing the accounts of governmental and non-business organizations. In this regard, the use of a precise accounting terminology is given special attention, where the revenue and expenditure concepts are considered as the main accounting concepts.

    The course will also give an introduction to accounting, such as it is prepared in practice by governmental and non-business organizations Furthermore, since there is a strong link between accounting and budgeting in these organizations, accounting and budgeting will be seen in relationship with each other.


    • purpose of preparing financial accounting

    • accounting terminology (revenues and expenditures)

    • different accounting models (commercial accounting, fund accounting and cameral


    • accounting for governmental organizations (state and municipalities)

    • accounting for non-business organizations

    • international development of accounting for governmental and non-business


  • Learning outcome

    Upon completion of the course, the candidate should

    • have acquired a precise accounting terminology

    • have acquired basic knowledge about different accounting models

    • have basic knowledge about accounting for governmental organizations (state and


    • have basic knowledge about accounting for non-business organizations

    Skills - upon completion of the course, the candidate should

    • understand important similarities and differences between accounting for

    business, governmental and non-business organizations

    • be able to use a precise accounting terminology in order to understand the content of different accounting models

    • be able to prepare informative financial statements of governmental and

    non-business organizations

    General competence - upon completion of the course, the candidate should

    • be able to communicate with persons in the governmental, non-business and business sectors as well as with academicians about accounting topics

  • Teaching

    Lectures, self-studies, classroom problems and hand-in problems.

    All lectures will be streamed.

    It will be possible to follow the course digitally.

  • Credit reduction due to overlap

    Replaces INB421: Governmental and Nonbusiness Accounting.

    BUS435E corresponds to BUS435N and BUS435 (expired). These courses cannot be combined.

    Compulsory activities (work requirements) in BUS435E applies in BUS435N/BUS435.

  • Compulsory Activity

    There are three hand-in problems, of which one must be approved.

  • Assessment

    4 hour digital home exam.

  • Grading Scale


  • Literature

    Literature will be announced before course start.

  • Permitted Support Material

    No restrictions, with the exception that the exam is taken individually.


ECTS Credits
Teaching language

Autumn. Not offered autumn 2022.

Course responsible

Course responsible: Norvald Monsen, Professor, RRR, NHH