🏛️ Governmental and Not-for-Profit Accounting Course

Build your understanding of governmental accounting and nonprofit financial reporting with Professor Farhat. Study funds, budgets, modified accrual accounting, and financial statements through on-demand explanations, worked examples, and practice. Designed for accounting students and learners reviewing public-sector and nonprofit reporting.

Start the Free Sample Lesson
Explore the Governmental Accounting Standards Board (GASB) sample lesson in Chapter 1 free. Subscription access is required for lessons not designated as samples.

Governmental and Not-for-Profit Accounting: Fund Reporting Explained

Study governmental accounting and nonprofit reporting with Professor Mansour Farhat’s online Governmental and Not-for-Profit Accounting course. Designed for college accounting students and learners reviewing public-sector financial reporting, the course connects fund accounting concepts with the entries, budgets, and financial statements used by governmental and nonprofit organizations.

Explore governmental, proprietary, and fiduciary funds; modified accrual accounting; fund balance; net position; and budgeting. Continue into capital projects, debt service, government-wide reporting, reconciliation, and the annual comprehensive financial report. Professor Farhat also explains nonprofit and health care accounting topics and related reporting and auditing concepts. Follow the curriculum alongside your college syllabus, or revisit a specific governmental accounting example when you need a clearer explanation.

Try the Governmental Accounting Standards Board (GASB) lesson in Chapter 1 free. Other Chapter 1 lessons are not marked as samples. Subscription access is required for lessons not designated as free samples.

What Is Included in This Governmental and Not-for-Profit Accounting Course?

Support your governmental accounting studies with video explanations, multiple-choice questions, quizzes, downloadable notes, PowerPoint slides, exercises, interactive tools, and accounting lesson podcasts. Check each lesson for its available resources.

Step-by-step video lessons

Follow Professor Farhat’s explanations of fund accounting, modified accrual, and financial reporting. Pause or replay an example while you work through the entries and statement presentation.

MCQs and quizzes

Check your understanding with multiple-choice questions and the quizzes listed in the curriculum. Revisit the related explanation when you need to distinguish among funds or accounting treatments.

Exercises and interactive tools

Apply governmental accounting concepts with the available exercises and interactive tools. Connect the purpose of a fund, the basis of accounting, and the financial information being reported.

Slides and downloadable notes

Use PowerPoint slides, downloadable notes, and examples to organize your review. Keep the relevant explanation beside you while studying budgets, fund balances, or financial statement reconciliations.

Podcasts for review

Revisit accounting concepts through the available lesson podcasts. Use audio as another way to review, then return to the video or notes when you want to follow the numerical examples.

Instructor support

Contact Professor Farhat and his team for guidance on a course topic or help using the resources. The email, WhatsApp, and phone links below connect you with support.

How to Use This Governmental and Not-for-Profit Accounting Course

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What Students Say About Farhat Lectures

These students and accounting professionals describe their experience with Farhat Lectures across their accounting studies and exam preparation.

Andrew Manningham
Andrew ManninghamCPA · Accountant and Perpetual Student
Mansour Farhat’s accounting videos were instrumental in my success throughout college. I frequently relied on his instruction when I was struggling with various topics. I spent countless hours watching his videos over and over again, and I strongly recommend his videos to anyone who is struggling as an accounting major. He is very encouraging and communicates clearly in a manner that makes complicated concepts understandable by giving very detailed examples and articulating exactly how the concepts work in the real world
Kristen Rezac
Kristen RezacCPA · Audit Senior
Professor Farhat’s lectures were key to my success throughout college and passing the CPA exam. He does a great job of making complex topics easy to understand! Would recommend him to anyone and everyone!
Kezia Mathai
Kezia MathaiCPA, CIA · Internal Auditor
I used Farhat’s accounting YouTube videos to help supplement my accounting classes throughout college and with my CPA exam prep as well. As a result, I ended up doing very well in my classes and passing all four sections of the CPA exam on the first try! He walks through complex topics in a much more understandable way and I strongly recommend his videos to anyone who finds accounting material confusing. Thanks Farhat!
Manny Conriquez
Manny ConriquezDigital Revenue Analyst
Professor Farhat’s accounting lectures have allowed me to understand and comprehend accounting concepts that I struggled with throughout my accounting educational journey. If any student is struggling in any accounting course I would definitely recommend professor Farhat’s lectures and youtube channel. Although we have never meet in person, Professor Farhat has had a huge impact on my educational journey and has been an excellent mentor. He has responded to any questions that I have sent him in private messages. He truly cares about everyones success and wants the best for his students and those who view his content. Thank you for all you do Mr. Farhat.
Randy Saputra
Randy SaputraInternational Tax and Transaction Services
Professor Farhat has helped me throughout college. His explanations are thorough and meticulous. I most definitely recommend him, if any of you get stuck on accounting problems! Subscribe guys

Governmental and Not-for-Profit Accounting Course FAQs

Can I try a Governmental Accounting lesson for free?

Yes. The Governmental Accounting Standards Board (GASB) lesson in Chapter 1 is available as a free sample. Open the GASB sample lesson to explore the course format. The other Chapter 1 lessons are not designated as samples; subscription access is required for non-sample lessons.

Who is this course for, and what should I know first?

This course supports college accounting students studying governmental accounting and nonprofit reporting. Familiarity with journal entries, financial statements, and basic financial accounting will help you follow the examples. It is also useful for learners reviewing fund accounting topics they have studied before.

Does the course cover both government and nonprofit reporting?

Yes. The curriculum covers governmental, proprietary, and fiduciary funds, budgeting, modified accrual accounting, and government-wide reporting. It also includes nonprofit and health care accounting topics, performance analysis, and related auditing concepts. Compare the lesson titles with your syllabus to choose the subjects you need.

Are the lessons live or on demand?

The video lessons are on demand. You can pause, replay, and revisit an explanation while working through a governmental accounting entry or financial statement example. The course introduction video above explains how to use the available study resources.

What practice and review resources are included?

Available resources include video lectures, multiple-choice questions, quizzes, downloadable notes, PowerPoint slides, exercises, interactive tools, and accounting lesson podcasts. Resources vary by lesson. Use the curriculum below to see the topics and quizzes associated with each subject.

How do I access the non-sample lessons?

A Farhat Lectures subscription provides access to lessons that are not designated as free samples. Compare the subscription plans for current membership options, then sign in with the account connected to your subscription. Contact course support if you need help confirming your access.

Course Content

CHAPTER 1: INTRODUCTION TO FINANCIAL REPORTING FOR GOVERNMENTAL UNITS

CHAPTER 2: GOVERNMENTAL FUND ACCOUNTING
Chapter 2A: Government Wide Financial Statements + ACFR
CHAPTER 3: FUND BALANCE, NET POSITION & GOVERNMENTAL BUDGETING
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Course Includes

  • 75 Lessons
  • 160 Topics
  • 32 Quizzes