Governmental and Nonbusiness Accounting

BUS435E Governmental and Nonbusiness Accounting

Autumn 2020

  • 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.

     

    Topics:

    •   purpose of preparing financial accounting

    •   accounting terminology (revenues and expenditures)

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

         accounting)

    •   accounting for governmental organizations (state and municipalities)

    •   accounting for non-business organizations

    •   international development of accounting for governmental and non-business

         organizations

  • 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

         municipalities)

    •   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.

  • Credit reduction due to overlap

    Replaces INB421: Governmental and nonbusiness accounting. 

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

    Course approval in BUS435E applies in BUS435N/BUS435.

  • Requirements for course approval

    There are three hand-in problems, of which one must be approved for receiving course approval

  • Assessment

    4 hour digital home exam.

  • Grading Scale

    A-F

  • Literature

    Literature will be announced before course start.

Overview

ECTS Credits
7.5
Teaching language
English
Semester

Autumn. Offered Autumn 2020.

Course responsible

Course responsible: Norvald Monsen, Professor, RRR, NHH