Course title

Accounting for Governmental and Non-profit Organizations

Code

 522

Professor

Prof. Zoran Minovski, Ph.D.

Course objectives (competences):

Upon completion of course instruction and successful passing of the examination, students should be competent for:

• To learn about key aspects of accounting for governmental and nonprofit organizations;
• To focus on more detailed knowledge of the laws and professional regulations in financial reporting in the public sector;
• To gain knowledge about the content of budget and fund accounting, budget process, performance measurement and financial reporting;
• To gain knowledge that can serve as a solid basis in preparing and submitting financial reports for governmental and nonprofit organizations, their review and decision-making skills;
• Develop and actively involved in national and international research projects in the field of accounting and financial reporting of governmental and nonprofit organizations.

Course content:

1. Accounting for governmental entities;
2. The administrative and business type of activities;
3. Budget, Budgeting and Performance Measurement;
4. Budget and Fund Accounting;
5. Financial reporting in the public sector;
   5.1. Financial reporting according to IASB;
   5.2. Financial reporting according to the System of National Accounts;
   5.3. Financial reporting according to the System of Government Financial Statistics;
6. Analysis of government financial performance;
7. Internal control in the public sector;
8. Non-profit organizations and their performance ;
9. Accounting and financial reporting of non-profit organizations;
10. Audit of Governmental and Non-profit Organizations.