ACC-685 covers the same core governmental and nonprofit accounting content as ACC-322 and ACC-665 — fund accounting, GASB standards, and donor-restricted resource tracking — reflecting SNHU's parallel course numbering across programs.
Fund accounting fundamentals
As with ACC-322, ACC-685 establishes fund accounting as the structure governmental and nonprofit entities use to keep resources segregated by purpose and restriction, ensuring accountability to taxpayers, donors, and grant funders.
Applying GASB and nonprofit reporting standards
The course covers how GASB standards for government and nonprofit-specific reporting requirements differ from standard for-profit GAAP, reflecting these entities' different purpose and accountability obligations.
Key topics in ACC685
- Fund accounting structure and purpose
- GASB standards for governmental entities
- Nonprofit-specific financial reporting
- Restricted versus unrestricted resources
- Budgetary accounting in government
- Accountability to taxpayers, donors, and funders
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Worked example: the same fund-accounting principle, another course number
- Restricted grant: Money designated for a specific program
- Fund accounting response: Segregating it from unrestricted resources so it's never spent outside its intended purpose
- Lesson: Whether a student's requirement sheet lists ACC-322, ACC-665, or ACC-685, this core fund-accounting principle is the same
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Frequently asked questions
SNHU's catalog carries governmental and nonprofit accounting under a few different course numbers reflecting different program pathways and catalog history, and ACC-685 covers the same substantive content as ACC-322 (fund accounting, GASB standards, donor restrictions) rather than being a genuinely distinct course. Students should confirm with an advisor which specific code their own program or transfer evaluation requires, since these parallel listings are meant to satisfy the same underlying requirement, not to be completed as separate additional courses.
Fund accounting solves the same fundamental problem across every version of this course: governmental and nonprofit entities receive resources with specific restrictions attached — grants, donations, appropriations — and must demonstrate those resources were spent exactly as designated rather than commingled with general funds. Whatever course number a student's catalog lists, this genuine accountability need is what fund accounting exists to address, making it the consistent core across ACC-322, ACC-665, and ACC-685 alike.