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ACCT 245 course cover

Accounting (ACCT) 245
Accounting for Managers of
Not-for-Profit Organizations (Revision 3)

View previous syllabus.

Delivery mode: Individualized study online or
grouped study.**

Credits: 3 - Applied Studies

Prerequisite: None. While no prerequisite is required, familiarity with accounting concepts and accounting statements is recommended.

Precluded course: ACCT 250. ACCT 245 cannot be taken for credit if credit has already been granted for ACCT 250.

Centre: Faculty of Business

ACCT 245 has a Challenge for Credit option.

**Note: Students registering in grouped study, or grouped study international mode are advised that there may be some differences in the evaluation and course materials information indicated below. To obtain the most up-to-date information, contact the Faculty of Business Student Support Centre at 1-800-468-6531.

Overview

This course is intended to provide managers and potential managers an overview of the subject of accounting. Students will learn financial and managerial concepts with an emphasis on management control in not-for-profit organizations. The course begins with the characteristics of not-for-profit organizations and the management control function. It then examines the nature and purpose of financial statements and introduces fund accounting. The course concludes with coverage of full cost accounting, the measurement and use of differential costs, and pricing decisions.

Outline

Lesson 1: Introduction to Not-for-Profit Accounting

Lesson 2: Management Control Function

Lesson 3: Basic Principles of Financial Accounting

Lesson 4: Interpretation of Financial Statements

Lesson 5: Introduction to Fund Accounting for Not-for-Profit Organizations

Lesson 6: Full-Cost Accounting

Lesson 7: Measurement and Use of Differential Costs

Lesson 8: Pricing Decisions

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Evaluation

To receive credit for ACCT 245, you must achieve a course composite grade of at least a “D” (50 percent) and a grade of at least 50 percent on the examination. Weighting of the composite grade is as follows:

Assignment 1 Assignment 2 Assignment 3 Final Exam Total
15% 15% 15% 55% 100%

To learn more about assignments and examinations, please refer to Athabasca University's online Calendar.

Note: The final examination for this course must be taken online at an invigilated location. It is your responsibility to ensure a computer with an Internet connection and Internet Explorer 5.0 or higher is available for your use at the invigilation centre.

Course Materials

Textbook

Anthony, R. N. & Young, D. W. (2003). Management control in nonprofit organizations (7th ed.). New York: McGraw-Hill/Irwin. ISBN 0-07-250825-6

Other Materials

The course materials package also includes a reading file. All other materials will be available to students online.

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