Office Location: Jesus & Eugenia Building, SBPA 230
Downloadable Documents
Course Description
This course is designed to provide a framework for understanding the special accounting and reporting requirements of nonprofit organizations. The emphasis is on reporting concepts and budgeting principles for governmental and nonprofit economic entities. Governmental Accounting differs from commercial accounting as this course will provide the student with a working knowledge of all echelons of government accounting within the United States. Prerequisite: BA301 with a grade of “C” or better.
Course Objectives
At the completion of this course, students will gain the knowledge of the following:
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Compare and contrast governmental and propriety accounting
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Analyze the relationship between GASB and FASB
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Analyze the relationship between a budget and a Comprehensive Annual Financial Report (CAFR)
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Determine when and how to use the modified accrual accounting method
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Analyze the environment of Government/Nonprofit Accounting and Financial Analysis
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Budgeting Control, Revenues, and Expenditures
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Analyze a government and nonprofit organization’s financial data.
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Account for a Business Type and Trustee activities
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Understand the issues of reporting, disclosure, and nonprofit organizations
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Apply various management accounting tools and techniques for measuring and evaluating business condition and operating performance.
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Understand the ethical consideration in the government and not-for-profit environment
Accounting Learning Goals (ALG)
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ALG 1:Demonstrates leadership in the accounting/business environment;
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ALG 2: Demonstrates critical thinking and the ability to gather and synthesize information for accounting/business management problems;
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ALG 3: Identify and analyze ethical problems that occur in the accounting/business environment;
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ALG 4: Demonstrates competency in the application of accounting principles and concepts for local, regional, and global environments;
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ALG 5: Demonstrates the ability to communicate relevant financial and non-financial information effectively;
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ALG 6: Demonstrates competency information technology for the accounting/business environment.
Course Schedule
|
DATES |
DESCRIPTION |
|
August 20 |
Orientation |
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August 25 August 27 |
Chapter 1: Financial Reporting for Governmental and NFP Entities Special Project |
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September 1 September 3 |
Chapter 2: Prin of Accounting and Financial Reporting for State and LocalGovts Special Project |
|
September 8 September 10 |
Holiday - Labor Day Chapter 3: Gov't Operating Statement Accounts; Budgetary Accounting |
|
September 15 September 17 |
Chapter 4: Accounting for Governmental Operating Activities Special Project |
|
September 22 September 24 |
Chapter 5: Accounting for General Capital Assets and Capital Projects Review Chapters 1-5 |
|
September 29 October 1 |
Exam Chapter 1-5 Chapter 6: Accounting for General Long-Term Liabilities and Debt Service |
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October 6 October 8 |
Chapter 7: Accounting for the Business-Type Activities of State and Local Governments |
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October 13 October 15 |
Chapter 8: Accounting for Fiduciary Activities – Agency and Trust Funds Chapter 9: Financial Reporting of State and Local Governments |
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October 20 October 22 |
Chapter 10: Analysis of Governmental Financial Performance |
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October 27 October 29 |
Exam Chapters 6-10 Presentation |
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November 3 November 5 |
Chapter 11: Auditing of Governmental and Not-for-Profit Organizations Chapter 12: Accounting and Reporting for the Federal Government |
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November 10 November 12 |
Chapter 13: Budgeting and Costing of Government Services Presentation |
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November 17 November 19 |
Chapter 14: Accounting for Not-for-Profit Organizations Presentation |
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November 24 November 26 |
Chapter 15: NFP Org – Regulatory, Taxation, and Performance Issues Presentation |
|
December 1 December 3 |
Exam Chapters 11-15 |
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December 8 December 10 |
Holiday – Our Lady of Camarin Day Last Day of Classes |
Grading
90% - 100% = A
80% - 89% = B
70% - 79% = C
60% - 69% = D
0% - 59% = F
Point Values for the Course
|
Description |
Grade %
|
|
Exams* |
40% |
|
Special Project*** |
30% |
|
Final Exam** |
30% |
|
Total: |
100% |
* First Exam (Chap 1-5)
* Second Exam (Chap 6-10)
**Final Exam (Chap 11-15)
*** Special Projects:
Government or NFP research project
Government Accounting Simulation
NOTE: Class schedule, assignments and grading are subject to change at the discretion of the Instructor.