Accounting (ACCT 522) Governmental and Not-for-Profit

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Accounting (ACCT 522)
           Governmental and Not-for-Profit Accounting
                     Spring Semester 2013

                             Course Syllabus

         Please print a copy of this syllabus for handy reference

 Whenever there is a question about what assignments are due, please
     remember this syllabus is considered the ruling document.

Professor: Dr. John E. Harper, CPA CMA
Office Location: Virtual
Office Hours: Virtual.
Office Phone: (972) 341-3295
University Email Address:

Course Information


COURSE TITLE: Governmental and Not-for-Profit Accounting

COURSE START DATE: January 14, 2013

COURSE END DATE: May 10, 2013


You will need both the textbook and access to the Continuous Computurized
Problem for the City of Smithville. You can purchase book and access code
as a bundle or separately (if you purchase a book from a friend or
elsewhere). The City of Smithville supplement is general ledger software in
which students record transactions into the appropriate general journals.

   1.   Reck, J., Lowensohn, S. & Wilson, E. (2013). Accounting for
        Governmental and Nonprofit Entities (16th ed.). New York, NY: McGraw-
        Hill Irwin. ISBN-13: 978-0-07-811093-1. MHID: 078110939.

   2. Reck, J., Lowensohn, S. & Wilson, E. (2013). City of
      Smithville/Bingham Online PIN Code Access Card (16th ed.). New York,
      NY: McGraw-Hill Irwin.

The Computerized Problem software is downloaded from the Online Learning
Center at For access to premium content of the
Online Learning Center, you will need a registration code.

If your textbook came with a registration code card and this is your first
visit to this site, you can use your registration code to register, or you can
purchase access on this site. If you have already registered, just enter your
username and password when you are prompted to. If you have not
registered to use premium content yet, follow the "Purchase access" link in
the site.

Students can also access the PowerPoint lecture presentations and multiple-
choice practice quizzes for each chapter at the Online Learning Center on
the text's Web site, .

    3. Articles from journals and magazines addressing current issues
       [URL's provided by professor]

Online Courses at A&M-Commerce:

At A&M-Commerce, your success is our business. That includes making
higher-education opportunities available to those who, because of work
and/or family obligations, find it difficult to access courses that are
offered on scheduled days and times.

An online course uses a computer and the Internet to deliver lessons and for
interaction between the instructor and the student and the student to other
students. For students who are unable to attend classes on the A&M-

  Commerce campus because of distance or time conflicts, online classes allow
  flexibility of time and place while the objectives and content of the courses
  are the same as those offered in the traditional classroom setting.

  In an online course, the student accepts responsibility for learning outcomes.
  The instructor's role is that of a facilitator and guide. Rather than face-to-
  face lectures, the instructor will provide information through online course
  materials and learning activities that are accessed through the Internet.
  Presentation of course materials will vary according to instructor design.
  The instructor will provide feedback and evaluation as the student
  completes weekly class sessions.

  There are several important sources of information in addition to the
  instructor. Books and printed materials, as well as web-based resources, will
  be important. Another will be other students enrolled in the course.

  Online learning emphasizes process. That is, online learning involves more
  than the accumulation and memorization of information. In online courses,
  high levels of collaboration and interactivity are required to seek, evaluate,
  and process the almost limitless amount of available and useful information.
  Online courses present students with opportunities to acquire the knowledge
  and skills necessary in the 21st century workplace

  SmartMeasure (Formally known as READI) is a web-based tool which
  assesses a learner's likelihood for succeeding in an online course/program.
  The tool indicates an individual student's skills, attributes, and knowledge of
  both technical skills as well as time-management and motivation. For more
  information and to set up an account please contact:

Course Description:
  This online course is a graduate level course designed to cover financial
  reporting, managerial, auditing, taxation, and information systems issues in
  governmental and nonprofit entities. Ethics and professional standards, as
  well as communication and analytical skills, are developed. Students will
apply dual-track accounting to help develop skills at analyzing transactions in
a governmental entity and follow their effect on the financial statements.
This course will benefit all accounting students but especially those who are
interested in managerial accounting positions in universities, health care
organizations, public schools, state and local governments, or nonprofit

The course is presented in three parts. Part One covers state and local
government. Part Two focuses on accountability for public funds. Part
Three examines not-for-profit organizations. The latest authoritative
changes from the Financial Accounting Standards Board (FASB),
Governmental Accounting Standards Board (GASB), Federal Accounting
Standards Advisory Board, American Institute of Certified Public
Accountants, Office of Management and Budget, Internal Revenue Service,
and Government Accountability Office are included.

This is a new text (16th edition). For state and local government accounting,
the text authors have found that dual-track accounting is an effective
approach in showing the juxtaposition of government-wide and fund financial
statements in GASB's integrated model of basic financial statements.

It allows students to see that each transaction has an effect on the fund
financial statements (that are designed to show fiscal compliance with the
annual budget), on the government-wide financial statements (that
demonstrate accountability for operational performance of the government
as a whole), or both.

This approach better serves students who will design and use accounting
information systems, such as enterprise systems, to allow information to be
captured once and used for several purposes. Accounting for federal
agencies as well as nongovernmental, not-for-profit entities closely parallels
this approach as traditional fund accounting may be appropriate for keeping
track of resources with restricted purposes, but citizens and donors also
need to see the larger picture provided by the entity as a whole.

Governments will continue to prepare fund-based statements throughout the
year and convert to accrual-based government-wide statements at the end
of the year until they invest in information systems that can deliver real-
time information for decision making. The authors want students to think
beyond being transaction-bookkeepers and aspire to design and use the
systems that will make government-wide financial information available when
managers and citizens need it. The City of Smithville Continuous
Computerized Problems are teaching tools that develop these skills and
perspective. The authors feel so strongly that this general ledger software
tool helps students understand the material that they provide it with the
text. Students have enthusiastically said that they like "learning by doing"
and that these continuous computerized problems helped them to
understand the concepts in the book.

The focus of this course is on the concepts of governmental and not-for-
profit accounting, The proper entries to record and report transactions for
the fictitious City of Smithville are provided at the end of each chapter for
self-grading. For those students who want to delve deeper in the dual-track
financial accounting aspect, an extra-credit opportunity is offered.

The text continues to be best suited for senior and graduate accounting
majors who plan to sit for the certified public accountant (CPA) exam and
then audit governmental or not-for-profit entities. Public administration and
other students who plan to provide financial management or consulting
services to government and not-for-profit entities report that the text
provides a more comprehensive set of competencies than traditional public
budgeting texts.

Students in not-for-profit management education programs find that the
coverage of accounting, financial reporting, auditing, taxation, and
information systems for both governmental and not-for-profit entities
provides the exposure they need to work across disciplines and sectors.
Finally, students preparing for the certified government financial manager
(CGFM) exam will also find Chapters 1 through 11 useful for Examination 2.

We encourage all students who use this book to consider the challenges and
rewards of careers in public service--in federal, state, and local
governments as well as not-for-profit organizations.

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