BUS435E Governmental and nonbusiness accounting
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
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
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
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
4 hour digital home exam.
Literature will be announced before course start.
- ECTS Credits
- Teaching language
Autumn. Offered Autumn 2020.
Course responsible: Norvald Monsen, Professor, RRR, NHH