5
ACT410: Accounting for governmental & nonprofit entities
Credit Hours: 3
Contact Hours: This is a 3-credit course, offered in accelerated format. This means that 16 weeks of
material is covered in 8 weeks. The exact number of hours per week that you can
expect to spend on each course will vary based upon the weekly coursework, as
well as your study style and preferences. You should plan to spend 10-25 hours per
week in each course reading material, interacting on the discussion boards, writing
papers, completing projects, and doing research.
Faculty Information
Name:
Phone:
CSU-GC Email:
Virtual Office Hours:
Course Description and Outcomes
This course provides a thorough understanding of governmental accounting topics. Topics covered include the
financial reporting of state and local governments, learning about the governmental operating statement
accounts and budgetary accounting, accounting for general capital assets and capital projects.
Course Learning Outcomes:
1. Describe the key unique characteristics of government and non-profit accounting.
2. Demonstrate an understanding of fund accounting and how the different funds are treated in related to
the required entries.
3. Articulate budgetary accounting and reporting practices related to this.
4. Analyze the format and content of the fund financial statements and government wide financial
statements.
5. Assess and present knowledge of the timing of recognition and classification of revenues and expenses
of non government not for profit entities.
6. Prepare non government not for profit organizational financial statements.
Participation & Attendance
Prompt and consistent attendance in your online courses is essential for your success at CSU-Global Campus.
Failure to verify your attendance within the first 7 days of this course may result in your withdrawal. If for some
reason you would like to drop a course, please contact your advisor.
Online classes have deadlines, assignments, and participation requirements just like on-campus classes. Budget
your time carefully and keep an open line of communication with your instructor. If you are having technical
problems, problems with your assignments, or other problems that are impeding your progress, let your
instructor know as soon as possible.
Course Materials
Required:
Wilson, E., Reck, J, & Katelus, S. (2010). Accounting for governmental & nonprofit entities (15th ed.). New York,
NY: McGraw Hill Publishers. ISBN: 9780073379609
Course Schedule
Due Dates
The Academic Week at CSU-Global begins on Monday and ends the following Sunday.
Discussion Boards: The original post must be completed by Thursday at 12 midnight MT and Peer
Responses posted by Sunday 12 midnight MT. Late posts may not be awarded points.
Mastery Exercises: Students may access and retake mastery exercises through the last day of class until
they achieve the scores they desire.
Critical Thinking Activities: Assignments are due Sunday at 12 midnight MT.
Week # Readings Assignments
Chapter 1 in Accounting for governmental & nonprofit Discussion Board (25)
1 entities Mastery Exercises (10)
Critical Thinking (50)
Chapters 2 & 3 in Accounting for governmental & nonprofit Discussion Board (25)
2 entities Mastery Exercises (10)
Critical Thinking (50)
Chapters 4 & 5 in Accounting for governmental & nonprofit Discussion Board (25)
3 entities Mastery Exercises (10)
Critical Thinking (50)
Chapters 6 & 7 in Accounting for governmental & nonprofit Discussion Board (25)
4 entities Mastery Exercises (20)
Critical Thinking (50)
Chapter 8 in Accounting for governmental & nonprofit Discussion Board (25)
5 entities Mastery Exercises (10)
Critical Thinking (50)
Chapters 9 & 10 in Accounting for governmental & Discussion Board (25)
6 nonprofit entities Mastery Exercises (10)
Critical Thinking (50)
Chapter 14 in Accounting for governmental & nonprofit Discussion Board (25)
7 entities Mastery Exercises (10)
Critical Thinking (50)
Chapter 15 in Accounting for governmental & nonprofit Discussion Board (25)
entities Mastery Exercises (20)
8 Review Chapter 12 in Accounting for governmental & Portfolio Assignment (350)
nonprofit entities before completing the Portfolio Project.
Assignment Details
This course includes the following assignments/projects:
Week 1
Critical thinking: Accrual and Modified Accrual Basis of Accounting (50 points)
Submit your responses to the following questions in a 1-2 page summary MSWord document. Label each question
clearly. For written answers, please make sure your responses are well written, use APA formatting, and have the
proper citation, if needed.
1. How does the modified accrual basis of accounting differ from the accrual basis?
2. What are the three sections of a comprehensive annual financial report (CAFR)? What information is
contained in each section? How do the minimum requirements for general purpose external financial
reporting related in scope to the CAFR?
Portfolio Milestone:
Read the Portfolio Project Description on the Module 8 Assignment page. The Portfolio Project requires that you
demonstrate your ability to solve and present financial accounting problems. You will be asked to prepare an audit
report using the companion website to access the City of Bingham Project.
You will need to use the web access code provided with your textbook to access the City of Bingham Computerized
Cumulative Problem.
Please note: you will asked to download the software to your system, unzip files, and complete the project
The project is designed to follow the chapters in the book and is best if it is completed along with the readings in
your modules.
It is strongly recommended that you open and begin the project during Module 1.
This final project will be due at the end of course, to be submitted through the assignment link by Sunday midnight
of Week 8.
Preview the Portfolio Project Description, which can be found on the Module 8 Assignments page. Also view the
Portfolio Project Rubric, which can be accessed from the Course Information page.
Week 2
Critical Thinking: General Fund and Governmental Activities (50 points)
Submit your responses to the following questions in a 1-2 page summary MSWord document. Label each question
clearly. For computations done in an Excel spreadsheet, please copy and paste your work into your MSWord
document. For written answers, please make sure your responses are well written, use APA formatting, and have
the proper citation, if needed.
Amber City borrowed $1,000,000 secured by a 5-year mortgage note. The cash from the note was used to
purchase a building for vehicle and equipment maintenance. Show how these two transactions should be recorded
in the General Fund and governmental activities general journals.
Indicate whether the following revenues would most likely be classified as program revenues or general revenues
on the government-wide statement of activities.
1. Unrestricted operating grants that can be used at the discretion of the city council.
2. Capital grants restricted for highway construction.
3. Charges for building inspections.
4. A special assessment for snow removal.
5. Fines and forfeits.
6. Motor vehicle fuel taxes restricted for road repair.
7. Unrestricted investment earnings.
Portfolio Milestone:
Refer to the Portfolio Project Instructions on the Week 8 Assignments page and complete the Bingham City project
for Chapter 2. You will submit the entire Portfolio Project at the end of Week 8.
Week 3
Critical Thinking: General Fund and Leasing in Government Accounting (50 points)
Submit your responses to the following questions in a 1-2 page summary MSWord document. Label each question
clearly. For computations done in an Excel spreadsheet, please copy and paste your work into your MSWord
document, For written answers, please make sure your responses are well written, use APA formatting, and have
the proper citation, if needed.
1. If the General Fund of a certain city needs $6,720,000 of revenue from property taxes to finance
estimated expenditures of the next fiscal year and historical experience indicated that 4% of the gross levy
will not be collected, what should be the amount of the gross levy for property taxes? Please show all
computations in good form.
2. How does one determine whether a particular lease is a capital lease or an operating lease? What entries
are required in the general journals of a government fund and governmental activities at the government-
wide level to record a capital lease at its inception?
Portfolio Milestone:
Refer to the Portfolio Project Instructions on the Week 8 Assignments page and complete the Bingham City project
for Chapters 4 and 5. You will submit the entire Portfolio Project at the end of Week 8.
Week 4
Critical Thinking: Long Term Liabilities and Uncollectible Accounts (50 points)
Submit your responses to the following questions in a 1-2 page summary MSWord document. Label each question
clearly. For computations done in an Excel spreadsheet, please copy and paste your work into your MSWord
document. For written answers, please make sure your responses are well written, use APA formatting, and have
the proper citation, if needed.
1. How are general long-term liabilities distinguished from other long-term liabilities of the government?
How does the financial reporting of general long-term liabilities differ from the financial reporting of other
long-term liabilities?
2. How does GASB reporting of uncollectible accounts for governmental funds and proprietary funds differ
from the reporting of uncollectible accounts under FASB standards?
Portfolio Milestone:
Refer to the Portfolio Project Instructions on the Week 8 Assignments page and complete the Bingham City project
for Chapters 6 and 7. You will submit the entire Portfolio Project at the end of Week 8.
Week 5
Critical Thinking: Pass Through Agencies and GASB Investment Reporting (50 points)
Submit your responses to the following questions in a 1-2 page summary MSWord document. Label each question
clearly. For computations done in an Excel spreadsheet, please copy and paste your work into your MSWord
document. For written answers, please make sure your responses are well written, use APA formatting, and have
the proper citation, if needed.
1. What is a "pass-through" agency-fund and under what conditions is it appropriate to use such a fund?
2. GASB standards require that investments be reported at fair value. Explain the GASB reporting
requirements related to fair value. How do these requirements differ from reporting requirements for
corporate entities?
Portfolio Milestone:
Refer to the Portfolio Project Instructions on the Week 8 Assignments page and complete the Bingham City project
for Chapters 6 and 7. You will submit the entire Portfolio Project at the end of Week 8.
Week 6
Critical Thinking: Government Financial Reporting (50 points)
Submit your responses to the following questions in a 1-2 page summary MSWord document. Label each question
clearly. For computations done in an Excel spreadsheet, please copy and paste your work into your MSWord
document. For written answers, please make sure your responses are well written, use APA formatting, and have
the proper citation, if needed.
1. A city manager was overheard saying, "Since we don't release them to the public, I don't see any value in
taking the time to prepare interim reports." Explain why you agree or disagree with this statement.
2. Describe how a taxpayer might assess the financial solvency and viability of a government using
government-wide financial statements prepared according to generally accepted accounting principles.
Portfolio Milestone:
Refer to the Portfolio Project Instructions on the Week 8 Assignments page and complete the Bingham City project
for Chapters 9 and 10. You will submit the entire Portfolio Project at the end of Week 8.
U.S. Department of Justice Office of Community Oriented Policing Services Reducing Fear of Crime Strategies for Police Gary Cordner Reducing Fear of Crime Strategies for Police Gary Cordner Kutztown University January 2010 This project was supported by Grant Number 2003-CK-WX-K049 awarded by the Office of …
Seminar in Public Policy Public Affairs 880K06 Syllabus Winter, 2011 Professor: David Landsbergen Time: Thursday, 1:30-4:18 Office: 310F Page Hall Location: 240 Page Hall Phone: 292-9577 Office Hours: Thursday 4:30-5:30 & By Appointment Introduction This seminar is designed to heighten the graduate student's ability to …
Study Guide American Government, Brief Edition EIGHTH EDITION James Q. Wilson Kyle Smith Western Texas College Houghton Mifflin Company BOSTON NEW YORK Senior Sponsoring Editor: Traci Mueller Development Editor: Jeffrey Green Editorial Assistant: Tiffany Hill Editorial Assistant: Carrie Parker Digital Ancillary Producer: Lindsay Mahoney Executive …
TAX PREPARER ANNUAL FEDERAL TAX AND ETHICS UPDATE (COURSE #CE100) COURSE DESCRIPTION This course is designed to expand your knowledge of federal tax practice and satisfies the IRS continuing education requirements for Registered Tax Return Preparers. The course is composed of 3 hours of federal …
AP U.S. Government & Politics Practice Exam Section I (Multiple-Choice Questions) Time--45 minutes 60 Questions Directions: There are five possible answer choices for each question or incomplete statement. Choose the one answer choice that best answers the question or completes the statement. 1. Until the …
