This course will cover fundamental concepts of accounting principles and practices in government and not-for-profit organizations. Concepts of budgeting, fund accounting, encumbrances and value of money in the public sector will be important topics in this class.

CILO-1: Explain the role of government in a modern democratic society. CILO-2: Critically evaluate the differences between the public sector and the business sector parts of the economy, and the implications of these differences for accountability, financial management, accounting, budgeting and performance measurement. CILO-3: Identify and analyse major issues in public sector accountability, financial management, accounting, budgeting and performance measurement.