Effective: Late Fall 8-Week, 2018/2019

ACCT 485: Fund And Government Accounting

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  Course Description

Study of accounting and reporting concepts, standards and procedures applicable to city, county, and state governments, the federal government, and not-for-profit institutions.

Prerequisite: 9 hours of accounting

Proctored Exams: None



  Textbooks

As part of TruitionSM, students will receive their course materials automatically as described below.

Required

  •  Copley, P. (2017). Essentials of Accounting for Governmental and Not-for-Profit Organizations with access to Connect (13th ed). Columbus, OH: McGraw-Hill.  eText

Bookstore Information

Ed Map is Columbia College’s bookstore for Online, Nationwide, and Evening students. Visit https://www.ccis.edu/bookstore.aspx for details.

eText Information

If a course uses an eText, (see Textbook information above) the book will be available directly in Desire2Learn (D2L) and through the VitalSource eText reader the Friday before the session begins, if registered for courses prior to that date.  Students will have a VitalSource account created for them using their CougarMail email address. Upon first login to VitalSource, students may need to verify their account and update their VitalSource password.  More information about how to use the VitalSource platform, including offline access to eTexts, can be found in D2L.  Students that would like to order an optional loose-leaf print-on-demand copy of eligible eTexts can do so through the Ed Map storefront at an additional cost.  Once orders are placed, it can take approximately five to seven business days for students to receive their print-on-demand books.

Physical Course Materials Information

Students enrolled in courses that require physical materials will receive these materials automatically at the address on file with Columbia College.  Delivery date of physical materials is dependent on registration date and shipping location.  Please refer to confirmation emails sent from Ed Map for more details on shipping status.

Returns: Students who drop a course with physical course materials will be responsible for returning those items to Ed Map within 30 days of receipt of the order.  More specific information on how to do so will be included in the package received from Ed Map.  See here for Ed Map's return policy. Failure to return physical items from a dropped course will result in a charge to the student account for all unreturned items.

Note: Students who opt-out of having their books provided as part of TruitionSM are responsible for purchasing their own course materials, but may do so through the Ed Map storefront.

  Course Overview

Governmental accounting and accounting for not-for-profit organizations is studied. Topics include the objectives and principles of accounting and financial reporting for federal, state, and local government entities; the differences between business and fund accounting; and accounting for multiple funds. The standard setting bodies and their hierarchy are studied.

  Technology Requirements

Participation in this course will require the basic technology for all online classes at Columbia College:
  • A computer with reliable Internet access
  • A web browser
  • Acrobat Reader
  • Microsoft Office or another word processor such as Open Office

You can find more details about standard technical requirements for our courses on our site.

  Course Learning Outcomes

  1. Properly account for general funds and special revenue funds.
  2. Properly account for capital projects funds, debt service funds, internal service funds, enterprise funds, and fiduciary funds.
  3. Prepare financial reports for local, state, and federal governments.
  4. Prepare financial reports for not-for-profit entities.
  5. Analyze governmental financial performance.

  Grading

Grading Scale

Grade Points Percent
A 450-500 90-100%
B 400-449 80-89%
C 350-399 70-79%
D 300-349 60-69%
F 0-299 0-59%

Grade Weights

Assignment Category Points Percent
Discussions (8) 40 8%
Homework Assignments (7) 160 32%
Midterm Exam (1) 100 20%
Final Exam (1) 150 30%
Case Study (1) 50 10%
Total 500 100%

  Schedule of Due Dates

Week 1

Assignment Points Due
Discussion 1 5 Thursday/Sunday
Homework 1 - Chapters 1 and 2 20 Sunday

Week 2

Assignment Points Due
Discussion 2 5 Thursday/Sunday
Homework 2 - Chapters 3 and 4 20 Sunday

Week 3

Assignment Points Due
Discussion 3 5 Thursday/Sunday
Homework 3a - Chapter 5 15 Sunday
Homework 3b - Chapter 6 15

Week 4

Assignment Points Due
Discussion 4 5 Thursday/Sunday
Homework 4 - Chapter 7 20 Sunday
Midterm Exam 100

Week 5

Assignment Points Due
Discussion 5 5 Thursday/Sunday
Homework 5a - Chapter 8 15 Sunday
Homework 5b - Chapter 9 15

Week 6

Assignment Points Due
Discussion 6 5 Thursday/Sunday
Homework 6a - Chapter 10 10 Sunday
Homework 6b - Chapter 11 10

Week 7

Assignment Points Due
Discussion 7 5 Thursday/Sunday
Homework 7 - Chapters 12 and 13 20 Sunday

Week 8

Assignment Points Due
Discussion 8 5 Thursday/Saturday
Case Study 50 Saturday
Final Exam 150
Total Points: 500

  Assignment Overview

Discussions

Each week students participate in a Discussion topic. The initial post, which addresses the week’s topic in a clear manner, must be posted by 11:59 pm CT Thursday. You will then respond to at least two of your classmates’ posts by 11:59 pm CT Sunday, except in Week 8 where they are due by 11:59 pm CT Saturday. Initial posts and responses must reflect research of the topic. Students must utilize at least one source and cite it in correct APA or MLA format in each weekly discussion. Your response posts must be substantive and provide constructive and supportive feedback. Responses such as “good post” or “I agree with your assessment” are not acceptable. Each Discussion is worth 5 points.

Case Study

The goal of the Case Study Assignment is to apply the concepts learned over the course of this session in the analysis and review of the State of Missouri’s Comprehensive Annual Financial Report. This study utilizes the concepts you have learned over the past eight weeks to identify the areas questioned on the provided document. You must use the most recent issuance of the State of Missouri’s CAFR (website is provided in the Content area) and post your answers within the questions provided. This assignment is worth a total of 50 points (10% of your total grade for the course and is due no later than 11:59 pm CT Saturday of Week 8 to the appropriate dropbox. There are 25 questions and each is worth 2 points.

Homework Assignments

In Weeks 1 through 7 there will be a graded Homework Assignment in Connect and/or a Dropbox assignment. The problems and questions will range in difficulty and are based on the readings covered in the text each week. For the Dropbox assignments, a template Excel worksheet is provided. Students are required to use the provided templates. Any use of another document will result in 0 points. There is also a tool provided to assist in working with the template designs. All graded assignments (Connect and Dropbox) are due no later than 11:59 pm CT Sunday in Weeks 1 through 7 (except in Week 8 where it will be due Saturday).

Practice Quizzes

Each Chapter has Practice Quizzes in the form of 10 multiple choice questions available in Connect. These are not graded for points, so they do not affect your grade. You may take each Practice Quiz as many times as desired.

Exams

Midterm Exam

The Midterm Exam is comprehensive of Chapters 1 through 7 of your text. You will find the Midterm Exam in Connect. Each student is allowed one timed attempt of 75 minutes to complete 50 multiple choice questions. This exam will close at 11:59 pm CT on Sunday of Week 4. Student submissions will be graded at that time. Students will see their score upon submission, but detailed feedback will be held until the close of the Midterm Exam period. You can then go back into Connect to review the detailed feedback. This exam is not proctored. It is worth 100 points, or 20% of your final grade.


Final Exam

The Final Exam is comprehensive of Chapters 1 through 14 of your text. You will find the Final Exam in Connect. Each student is allowed one timed attempt of 115 minutes to complete 75 multiple choice questions. This exam will close at 11:59 pm CT on Saturday of Week 8. Student submissions will be graded at that time. Students will see their score upon submission, but detailed feedback will be held until the close of the Final Exam period. You can then go back into Connect to review the detailed feedback. It is not proctored. This exam is worth 150 points, or 30% of your final grade.

  Course Outline

Click on each week to view details about the activities scheduled for that week.

Discussion 1

Introduce yourself to the instructor and your classmates!  In a properly composed paragraph, include your name; your purpose for studying governmental accounting; your hometown and current location if different; and any experience you may have interacting with a state or local government. You may also include any additional information that you would like to share with the class.

Initial posts are due by 11:59 pm CT Thursday, and at least 2 response posts are due by 11:59 pm CT Sunday.

Homework 1 - Chapters 1 and 2
This assignment consists of problems/questions over Chapters 1 and 2 studied in the text this week. The questions are posted in Connect and will be graded upon submission. The Homework is not timed, but you can only submit it once. This assignment is due 11:59 pm CT Sunday.
Discussion 2

Review the YouTube video “Modified Accrual Accounting.” In a properly composed paragraph, discuss why Modified Accrual basis of accounting is more accurate for governmental entities.

Initial posts are due by 11:59 pm CT Thursday, and at least 2 response posts are due by 11:59 pm CT Sunday.

Homework 2 - Chapters 3 and 4
This assignment consists of problems or questions from Chapters 3 and 4 studied in the text this week. The questions are posted in Connect and will be graded upon submission. The Homework is not timed, but you can only submit it once. This assignment is due 11:59 pm CT Sunday.
Discussion 3

Read ManagementDashboard.pdf that gives simple tips on sample sets of tables and graphs that give a quick financial snapshot of a local government’s enterprise funds.

Assume you work for your local government (city, town, and village) and discuss some ways that these tools could be used. If you have worked or currently work for local government, draw upon your actual experience. You will need to look up your local government’s financial statements in order to apply the conversation to their specific funds and projects. Be sure to name your local government and your findings in your discussion.

Initial posts are due by 11:59 pm CT Thursday, and at least 2 response posts are due by 11:59 pm CT Sunday.

Homework 3a - Chapter 5
This assignment consists of a problem from Chapter 5 studied in the text this week. The problem is an Excel Template posted in the Instructional Materials for this week. The assignment must be submitted using the provided template; any other document will not be accepted for a grade. There is also a helpful presentation on how to use Excel templates that will make these assignments easier, but you must do your own work. This assignment is due no later than 11:59 pm CT Sunday.
Homework 3b - Chapter 6
This assignment consists of a problem from Chapter 6 studied in the text this week. The problem is an Excel Template posted in the Instructional Materials for this week. The assignment must be submitted using the provided template; any other document will not be accepted for a grade. There is also a helpful presentation on how to use Excel templates that will make these assignments easier, but you must do your own work. This assignment is due no later than 11:59 pm CT Sunday.
Discussion 4

Read Understanding the new government reporting requirements for fiduciary activities.

This article discusses, in brief, the different application criteria dependent on specific fiduciary activity. After reading the article, discuss the issues you can foresee with implementing this standard (Statement 84) for a student activity fund at a public school district.

Initial posts are due by 11:59 pm CT Thursday, and at least 2 response posts are due by 11:59 pm CT Sunday.

Homework 4 - Chapter 7
This assignment consists of problems or questions from Chapter 7 studied in the text this week. The questions are posted in Connect and will be graded upon submission. The Homework is not timed, but you can only submit it once. This assignment is due 11:59 pm CT Sunday.
Midterm Exam
The Midterm Exam covers Chapters 1-7. There is a time limit of 75 minutes to complete 50 multiple-choice questions. Each question is worth 2 points and the Midterm Exam is worth 100 points total, or 20% of your grade. The Midterm Exam will be available from 12:01 am CT Wednesday until 11:59 pm CT Sunday of Week 4. It will be available in D2L.
Discussion 5

Conduct research online and/or in the Stafford Library and then discuss the similarities and differences of special-purpose governments as opposed to special districts. Describe a special-purpose government and/or a special district in or near your hometown. How were they formed? What is their purpose?

Initial posts are due by 11:59 pm CT Thursday, and at least 2 response posts are due by 11:59 pm CT Sunday.

Homework 5a - Chapter 8
This assignment consists of a problem from Chapter 8 studied in the text this week. The problem is an Excel Template posted in the Instructional Materials for this week. The assignment must be submitted using the provided template; any other document will not be accepted for a grade. There is also a helpful presentation on how to use Excel templates that will make these assignments easier, but you must do your own work. This assignment is due no later than 11:59 pm CT Sunday.
Homework 5b - Chapter 9
This assignment consists of a problem from Chapter 9 studied in the text this week. The problem is an Excel Template posted in the Instructional Materials for this week. The assignment must be submitted using the provided template; any other document will not be accepted for a grade. There is also a helpful presentation on how to use Excel templates that will make these assignments easier, but you must do your own work. This assignment is due no later than 11:59 pm CT Sunday.
Discussion 6

Read the FAS 117 Summary.pdf in this week's module, Week 6, (and any other research you do on your own) and comment on the following:

The Statement 117 requires a statement of financial position, a statement of activities, and a statement of cash flows. This standard has been in place since 1993. Explain in your own words why the financial statements discussed in 117 are necessary and why you believe this standard has lasted so many years without a revision.

Initial posts are due by 11:59 pm CT Thursday, and at least 2 response posts are due by 11:59 pm CT Sunday.

Homework 6a - Chapter 10
This assignment consists of problems or questions from Chapter 10 studied in the text this week. The Homework will be an exercise completed in proper Journal Entry format in either MS Word or Excel. There is no template for this assignment. This assignment is due 11:59 pm CT Sunday.
Homework 6b - Chapter 11
This assignment consists of problems or questions from Chapter 11 studied in the text this week. The questions are posted in Connect and will be graded upon submission. The Homework is not timed, but you can only submit it once. This assignment is due 11:59 pm CT Sunday.
Course Evaluation
Please evaluate the course. You will have an opportunity to evaluate the course near the end of the session. A link sent to your CougarMail will allow you to access the evaluation. Please note that these evaluations are provided so that I can improve the course, find out what students perceive to be its strengths and weaknesses, and in general assess the success of the course. Please do take the time to fill this out.
Discussion 7

Read the article Making Government Transparency More Transparent.pdf and then use the internet to pull up the State of Oklahoma’s State Stat portal at http://okstatestat.ok.gov/. Go to the Effective Services and Accountable Government section. Browse through the portal and respond to the following:

What does transparency in government mean? Why is transparency important and what ways can governments become more trustworthy to the taxpayers? What areas of Oklahoma’s site provide the most interesting information to you if you were an Oklahoma resident? What performance measures did you feel are the most revealing and why?

Initial posts are due by 11:59 pm CT Thursday, and at least 2 response posts are due by 11:59 pm CT Sunday.

Homework 7 - Chapters 12 and 13
This assignment consists of problems or questions from Chapters 12 and 13 studied in the text this week. The questions are posted in Connect and will be graded upon submission. It is not timed, but you can only submit it once. This assignment is due 11:59 pm CT Sunday.
Discussion 8

Read the article, GFOA Article Motza Conder.pdf, and then use the Internet to research additional information on the topic. Wikipedia is not an acceptable research tool. Respond to the following:

State and Local governmental entities have special laws for FICA withholding under the Social Security Act. It may shock you to hear that not everyone pays Social Security &/or Medicare taxes. After researching this topic, discuss your thoughts on this special provision and the reasons why it is important for a governmental accountant to know about this. Explain why this could be a material amount for inclusion in financial statement audits.

Initial posts are due by 11:59 pm CT Thursday, and at least 2 response posts are due by 11:59 pm CT Saturday.

Case Study
This assignment consists of a Case Study of the State of Missouri’s Comprehensive Annual Financial Report. This study utilizes the concepts you have learned over the past eight weeks to respond to questions on a provided document. You must use the most recent issuance of the State of Missouri’s CAFR (website is provided on the Content area) and post your answers in the document provided.
Final Exam
The Final Exam will be available from 12:01 am CT Wednesday until 11:59 pm CT Saturday of Week 8. It will be available in Connect. You will have 115 minutes (one attempt) to complete the Final Exam.

  Course Policies

Student Conduct

All Columbia College students, whether enrolled in a land-based or online course, are responsible for behaving in a manner consistent with Columbia College's Student Conduct Code and Acceptable Use Policy. Students violating these policies will be referred to the office of Student Affairs and/or the office of Academic Affairs for possible disciplinary action. The Student Code of Conduct and the Computer Use Policy for students can be found in the Columbia College Student Handbook. The Handbook is available online; you can also obtain a copy by calling the Student Affairs office (Campus Life) at 573-875-7400. The teacher maintains the right to manage a positive learning environment, and all students must adhere to the conventions of online etiquette.

Plagiarism and Academic Integrity

Academic integrity is a cumulative process that begins with the first college learning opportunity. Students are responsible for knowing the Academic Integrity policy and procedures and may not use ignorance of either as an excuse for academic misconduct. Columbia College recognizes that the vast majority of students at Columbia College maintain high ethical academic standards; however, failure to abide by the prohibitions listed herein is considered academic misconduct and may result in disciplinary action, a failing grade on the assignment, and/or a grade of "F" for the course.

Additionally, all required papers may be submitted for textual similarity review to Turnitin.com for the detection of plagiarism. All submitted papers may be included in the Turnitin.com reference database for the purpose of detecting plagiarism. This service is subject to the Terms and Conditions of Use posted on the Turnitin.com site.

Non-Discrimination

There will be no discrimination on the basis of sex, race, color, national origin, sexual orientation, religion, ideology, political affiliation, veteran status, age, physical handicap, or marital status.

Student Accessibility Resources

Columbia College is committed to creating a learning environment that meets the needs of its diverse student body. If you anticipate or experience any barriers to learning, communicate your concerns with the instructor. In addition to speaking with the instructor, the following resources are available to ensure an opportunity to learn in an inclusive environment that values mutual respect.

  • For students with disabilities/conditions who are experiencing barriers to learning or assessment, contact the Student Accessibility Resources office at (573) 875-7626 or sar@ccis.edu to discuss a range of options to removing barriers in the course, including accommodations.
  • For students who are experiencing conflict which is impacting their educational environment, contact the Office of Student Conduct at studentconduct@ccis.edu or (573) 875-7877.
  • For students who have concerns related to discrimination or harassment based on sex, gender identity, sexual orientation, pregnancy or parental status, please contact the Title IX Office at titleixcoordinator@ccis.edu. More information can be found at http://www.ccis.edu/policies/notice-of-non-discrimination-and-equal-opportunity.aspx

Online Participation

You are expected to read the assigned texts and participate in the discussions and other course activities each week. Assignments should be posted by the due dates stated on the grading schedule in your syllabus. If an emergency arises that prevents you from participating in class, please let your instructor know as soon as possible.

Attendance Policy

Attendance for a week will be counted as having submitted any assigned activity for which points are earned. Attendance for the week is based upon the date work is submitted. A class week is defined as the period of time between Monday and Sunday (except for week 8, when the work and the course will end on Saturday at midnight.) The course and system deadlines are based on the Central Time Zone.

Cougar Email

All students are provided a CougarMail account when they enroll in classes at Columbia College. You are responsible for monitoring email from that account for important messages from the College and from your instructor. You may forward your Cougar email account to another account; however, the College cannot be held responsible for breaches in security or service interruptions with other email providers.

Students should use email for private messages to the instructor and other students. The class discussions are for public messages so the class members can each see what others have to say about any given topic and respond.

Late Assignment Policy

An online class requires regular participation and a commitment to your instructor and your classmates to regularly engage in the reading, discussion and writing assignments. Although most of the online communication for this course is asynchronous, you must be able to commit to the schedule of work for the class for the next eight weeks. You must keep up with the schedule of reading and writing to successfully complete the class.

  • No late discussion posts will be accepted.
  • No late assignments will be accepted without extenuating circumstances beyond the control of the student and with instructor notification prior to the due date (see Columbia College Catalog for policy regarding this). The instructor will not re-open an assignment or exam except for extreme emergency situations.
  • All assignments submitted past the due date and time will receive 0 points.

Course Evaluation

You will have an opportunity to evaluate the course near the end of the session. A link will be sent to your CougarMail that will allow you to access the evaluation. Be assured that the evaluations are anonymous and that your instructor will not be able to see them until after final grades are submitted.

  Additional Resources

Orientation for New Students

This course is offered online, using course management software provided by Desire2Learn and Columbia College. The course user guide provides details about taking an online course at Columbia College. You may also want to visit the course demonstration to view a sample course before this one opens.

Technical Support

If you have problems accessing the course or posting your assignments, contact your instructor, the Columbia College Technology Solutions Center, or the D2L Helpdesk for assistance. If you have questions about the Ed Map storefront, please contact Ed Map Customer Service. If you have technical problems with the VitalSource eText reader, please contact VitalSource. Contact information is also available within the online course environment.

Online Tutoring

Smarthinking is a free online tutoring service available to all Columbia College students. Smarthinking provides real-time online tutoring and homework help for Math, English, and Writing. Smarthinking also provides access to live tutorials in writing and math, as well as a full range of study resources, including writing manuals, sample problems, and study skills manuals. You can access the service from wherever you have a connection to the Internet. I encourage you to take advantage of this free service provided by the college.

Access Smarthinking through CougarTrack under Students -> Academics -> Academic Resources.