Course Description
This course is an introduction to the theory and procedure of general accounting practices of the non-profit segment of the economy. The course covers the application of accounting information in planning and control for non-profit organizations.
Course materials will consist of pronouncements issued by Financial Accounting Standards Board (FASB), Government Accounting Standards Board (GASB) and Federal Accounting Standards Advisory Board (FASAB) and other standard setting bodies that have authority over governmental accounting.
Course Objectives
To prepare the student as a future government official and provide an overview of government accounting in order to:
- Assist in fulfilling government’s duty to be publicly accountable.
- Assist the users in evaluating the operating results of the government entity for the year.
- Assist the users in assessing the level of services that can be provided by a government entity and its ability to meet its obligations as they become due.
Teaching Methodologies
Classes will consist of lectures and discussions on the subject chapter assigned for that day. Students are expected to have read the assigned material before class meeting dates. Please see syllabus for meeting dates.
Course Requirements
Students are expected to submit all assignments, attend all classes and participate in class discussions. Assignments will be given for each chapter. No make-up will be given for missed assignments, midterm and final exams without an acceptable and verifiable reason.
Plagiarism
In line with our School’s program intent in developing ethical professionals, students must adhere to honesty and giving credit (where applicable) to cited sources on exams and assignments, respectively. Note that when making reference to published works (secondary data, etc.), you must provide appropriate credit to your sources. Use the APA Manual as a reference to how citations and how your reports are to be prepared. Absolutely no credit/points will be granted for works where cheating (exams) and plagiarism are observed. Plagiarism will result in automatic failure of the course.
Fatal Error Policy (Outcome Assessed: Effective Written Communication Skills)
If any submitted writing assignment has more than 3 obvious grammatical or citation errors, the instructor will return the assignment to the student to make the appropriate corrections; otherwise, the assignment will not be graded.
Students with Disability
If you are a student with a disability who will require accommodation(s) to participate in this course, please contact the University of Guam’s EEO/ADA office. If you have not registered with the EEO/ADA office, you should do so immediately at 735-2244 734-2971/2243 to continue your accommodation request.
Attendance and Participation
Students are expected to attend all classes and participate in class discussions.
Late Assignments
All assignments must be submitted according to the due date in order to receive full credit. I reserve the right to lower the assignment grade for each day the assignment is late.