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Effective: Late Fall 8-Week, 2017/2018

ACCT 485: Fund And Government Accounting

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



Syllabus Contents

Textbooks

Required

  • Copley, Paul A.. Essentials of Accounting for Governmental and Not-for-Profit Organizations. 12th. Richard D Irwin, Inc/McGraw Hill, 2015.
    • ISBN-978-0-07-802581-5

MBS Information

Textbooks for the course may be ordered from MBS Direct. You can order

For additional information about the bookstore, visit http://www.mbsbooks.com.


Course Overview

Governmental and not-for-profit organization accounting is explored. Topics covered include objectives and principles of accounting and financial reporting for governmental entities, differences between business and governmental accounting, and accounting for the general fund, special revenue funds, capital projects funds, debt service funds, proprietary funds, and fiduciary funds. Accounting for other not-for-profit organizations is also considered. The impact of FASB and GASB standards on governmental and not-for-profit accounting is 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
  • Flash Player
  • 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 Objectives

  • To apply governmental (fund) and not-for-profit accounting theory and reporting for state and local governments.
  • To apply governmental (fund) and not-for-profit accounting theory and reporting for voluntary health and welfare organizations, colleges and universities, hospitals, religious organizations, and others.

Measurable Learning Outcomes

  • Prepare financial reports for governmental and not-for-profit entities.
  • Prepare financial reports for state and local governments.
  • Calculate general funds and special revenue funds.
  • Explain how to account for capital projects funds, debt service funds, internal service funds, enterprise funds, and fiduciary funds.
  • Prepare financial reports for local and state school systems, colleges and universities, and hospitals.
  • Prepare financial reports for voluntary health and welfare organizations and other nonprofit organizations.

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 40 8%
Homework Assignments 140 28%
Case Study 70 14%
Exams 250 50%
Total 500 100%


Schedule of Due Dates

Week 1
Assignment Points Due
Online Discussion 1 5 Sunday
Homework Assignment 1 20
Week 2
Assignment Points Due
Online Discussion 2 5 Thursday
Homework Assignment 2 20 Saturday
Week 3
Assignment Points Due
Online Discussion 3 5 Thursday
Homework Assignment 3 20 Saturday
Week 4
Assignment Points Due
Online Discussion 4 5 Thursday
Homework Assignment 4 20 Saturday
Midterm Exam 100 Sunday
Week 5
Assignment Points Due
Online Discussion 5 5 Thursday
Homework Assignment 5 20 Saturday
Week 6
Assignment Points Due
Online Discussion 6 5 Thursday
Homework Assignment 6 20 Saturday
Week 7
Assignment Points Due
Online Discussion 7 5 Thursday
Homework Assignment 7 20 Saturday
Week 8
Assignment Points Due
Online Discussion 8 5 Thursday
Dropbox Assignment 70
Final Exam 150 Saturday
Total Points 500

Assignment Overview

Readings

Text readings should be completed prior to submitting assignments or weekly discussion postings. All graded assignments will rely upon information derived from our text readings. No prior editions of the text will be allowed for Homework assignments.

Discussions

Online discussion postings should be complete by their respective deadlines (due on Thursday) of each assigned week.  Discussion postings are worth 5 points each and amount to 8% of the student’s final grade and will be graded according to the Discussion grade criteria table.

Practice Assignments

Practice assignments through the text’s website are available from a link on the Content area of the course. These are only practice and can be taken as many times as a student wishes. It is not necessary to email the instructor your grade since these Multiple Choice Quiz formats do not affect your grade.

Homework Assignments

Homework assignments will each be graded according to the point system presented in the "Criteria for Dropbox/Case Study" table found in the Assignment Guidelines section of the Course Information. The assignments (excluding the Case Study) amount to 28% of the student’s final grade. Weekly assignments are submitted through the Quizzes (not timed) or the Dropbox feature of the course; the Week 8 Case Study will be submitted into the Dropbox. Only the above noted edition of the text may be used for Homework Assignments.

Case Study

There will be a case study assigned for Week 8. Each student will submit his/her final document into the Dropbox for grading. This is to be done independently and not as a group effort. The Case Study is worth 70 points and amounts to 14% of the student’s final grade.

Exams

There will be a midterm, worth 100 points, and a final exam, worth 150 points. The exams comprise 50% of the student's final grade. Your exams will be computerized and taken through the D2L Quizzes function of the course.

The exams may consist of true-false, multiple-choice, short essay questions, and/or problems. There is a time limit to each exam and your grade will be available immediately upon completion. Access to the correct answers for the questions you missed will be available after the close of the exam period.

There will be a Midterm exam at the end of Week 4. The Midterm exam will be comprehensive in nature, over material covered in the first 4 weeks. It will be taken online. Only answers to those questions you answered incorrectly will be available after the close of the exam period. There will be a Final exam at the end of Week 8. The Final exam will be comprehensive covering all chapters we’ve covered this session. It will be taken online.

Grades must be submitted within a few days after the end of the session, so no extensions can be permitted for the Final exam without approved documentation of an emergency situation.




Course Outline

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

Week 1: Introduction to Accounting and Financial Reporting for Governmental and Not-for-Profit Organizations; Overview of Financial Reporting for State and Local Governments
Readings
Chapter 1 and Chapter 2 of the required text.
Online Discussion 1
Introduce yourself in the "Introductions" discussion of our class. Please give us more than your name. Include your profession, hobbies, interests, and any other information that can help us get to know you.
Homework Assignment 1
Review the Content area of the course for the link to the assignment. This assignment is due no later than Sunday. This assignment consists of problems or questions for the chapters studied in the text this week. The homework questions are located in the Quizzes area of the course and will be graded immediately upon submission. Make sure to select the Homework Assignment 1 item. This assignment is worth a total of 20 points, or 4% of your total grade for the course.
Week 2: Modified Accrual Accounting: Including the Role of Fund Balances and Budgetary Authority; Accounting for the General And Special Revenue Funds
Readings
Chapter 3 and Chapter 4 of the required text.
Online Discussion 2
Discussion topic will be available to you in the Discussion area of the course under the heading “Week 2 Discussion.” It will be available on Monday and will close on Thursday at midnight. The assignment involves reading an assigned article posted on Week 2 of the Content area of the course, and also commenting on questions posed on the Discussion tool as well as your classmates’ posts. The topic involves Modified Accrual basis of accounting.
Homework Assignment 2
Review the Content area of the course for the link to the assignment. This assignment is due no later than Saturday. This assignment consists of problems or questions for the Chapters studied in the text this week. The homework questions are located in the Quizzes area of the course and will be graded immediately upon submission. Make sure to select the Homework Assignment 2 item. This assignment is worth a total of 20 points, or 4% of your total grade for the course.
Week 3: Accounting for Other Governmental Fund Types: Capital Projects, Debt Service, and Permanent; Proprietary Funds
Readings
Chapter 5 and Chapter 6 of the required text.
Online Discussion 3
Discussion topic will be available to you in the Discussion area in the course under the heading “Week 3 Discussion.” It will be available on Monday and will close on Thursday at midnight. The topic will involve proprietary funds.
Homework Assignment 3
Review the Content area of the course for the description of the assignment. This assignment is due no later than Saturday. This assignment consists of problems from the chapters studied in the text this week. The Excel-Based templates are located in the Content area. Complete each assignment, save your documents individually, then post each file to the Dropbox for Homework Assignment Week 3. Only the above noted edition of the text may be used for this assignment. This assignment is worth a total of 20 points, or 4% of your total grade for the course.

Week 4: Fiduciary (Trust) Funds
Readings
Chapter 7 of the required text.
Online Discussion 4
Discussion topic will be available to you in the Discussion area of the course under the heading “Week 4 Discussion.” It will be available on Monday and will close on Thursday at midnight. The topic will involve reporting requirements for various fund types.
Homework Assignment 4
Review the Content area of the course for the link to the assignment. This assignment is due no later than Saturday. This assignment consists of problems or questions for the chapters studied in the text this week. The homework questions are located in the Quizzes area of the course and will be graded immediately upon submission. Make sure to select the Week 4 Homework item. This assignment is worth a total of 20 points, or 4% of your total grade for the course.
Midterm Exam
Students must take the online Midterm exam administered through the Quizzes area of the course. It must be completed no later than 11:59pm Central Time on Sunday. This exam is not proctored. Make sure to select the item labeled “Midterm Exam”. This exam is worth 100 points, or 20% of your total grade for the course.
Week 5: Government-Wide Statements, Fixed Assets, Long-Term Debt; Accounting for Special-Purpose Entities, Including Public Colleges, and Universities
Readings
Chapter 8 and Chapter 9 of the required text.
Online Discussion 5
Discussion topic will be available to you in the Discussion area of the course under the heading “Week 5 Discussion.” It will be available on Monday and will close on Thursday at midnight. The topic is reporting for special purpose entities.
Homework Assignment 5
Review the Content area of the course for the description of the assignment. This assignment is due no later than Saturday. This assignment consists of problems from the Chapters studied in the text this week. The Excel-Based templates are posted in the Content area. Only the above noted edition of the text may be used for this assignment. Complete each assignment, save your documents individually, then post each file to the Dropbox for Homework Assignment Week 5. This assignment is worth a total of 20 points, or 4% of your total grade for the course.
Week 6: Accounting For Private Not-For-Profit Organizations; College and University Accounting—Private Institutions
Readings
Chapter 10 and Chapter 11 of the required text.
Online Discussion 6
Discussion topic will be available to you in the Discussion area of the course under the heading “Week 6 Discussion.” It will be available on Monday and will close on Thursday at midnight. The topic will include the requirements under FASB Statement 117.
Homework Assignment 6
Review the Content area of the course for the link to the assignment. This assignment is due no later than Saturday. This assignment consists of problems or questions for the chapters studied in the text this week. The homework questions are located in the Quizzes area of the course and will be graded immediately upon submission. Make sure to select the Homework 6 item. This assignment is worth a total of 20 points, or 4% of your total grade for the course.
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.
Week 7: Accounting For Hospitals and Other Health Care Providers; Auditing, Tax-Exempt Organizations, and Evaluating Performance
Readings
Chapter 12 and Chapter 13 of the required text.
Online Discussion 7
Discussion topic will be available to you in the Discussion area in the course under the heading “Week 7 Discussion.” It will be available on Monday and will close on Thursday at midnight. The topic will involve withholding of Social Security for public employees.
Homework Assignment 7
Review the Content area of the course for the link to the assignment. This assignment is due no later than Saturday. The Chapter 12 Excel-Based templates are posted on the Content area. Only the above noted edition of the text may be used for this assignment. Complete the assignment, save your document, then post the file to the Dropbox folder labeled Homework Assignment Week 7. The Chapter 13 assignment consists of problems and questions from Chapter 13 in the text. The homework questions for Chapter 13 are located in the Quizzes area of the course and will be graded immediately upon submission. Make sure to select the Homework 7 item. These assignments are worth a total of 20 points, or 4% of your total grade for the course.
Week 8: Financial Reporting By The Federal Government; Case Study Assignment
Readings
Chapter 14 of the required text.
Online Discussion 8
Discussion topic will be available to you in the Discussion area of the course under the heading “Week 8 Discussion.” It will be available on Monday and will close on Thursday at midnight. The assignment involves reading an assigned article posted in Week 8 of the Content area in the course, and also commenting on questions posed in the Discussions as well as your classmates’ posts. The topic involves standards boards.
Dropbox Assignment
This week’s homework is a Case Study. This assignment is worth 70 points and is due no later than 11:59pm Central Time on Thursday. The Case involves examining the most recently released CAFR from the State of Missouri. The specific questions for the Case Study are available under Week 8 in the Content area of the course. You may copy and paste the Word document, then add your answers to it. Save your file, then post it to the Dropbox under the Case Study file.
Final Exam
Students must take an online final exam by Saturday of this final week. The final exam will be administered through the Quizzes area of the course. It must be completed no later than 11:59pm Central Time on Saturday. This exam is not proctored.


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

Your grade will be based in large part on the originality of your ideas and your written presentation of these ideas. Presenting the words, ideas, or expression of another in any form as your own is plagiarism. Students who fail to properly give credit for information contained in their written work (papers, journals, exams, etc.) are violating the intellectual property rights of the original author. For proper citation of the original authors, you should reference the appropriate publication manual for your degree program or course (APA, MLA, etc.). Violations are taken seriously in higher education and may result in a failing grade on the assignment, a grade of "F" for the course, or dismissal from the College.

Collaboration conducted between students without prior permission from the instructor is considered plagiarism and will be treated as such. Spouses and roommates taking the same course should be particularly careful.

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

Students with documented disabilities who may need academic services for this course are required to register with the office of Student Accessibility Resources. Until the student has been cleared through this office, accommodations do not have to be granted. If you are a student who has a documented disability, it is important for you to read the entire syllabus as soon as possible. The structure or the content of the course may make an accommodation not feasible. Student Accessibility Resources is located in Student Affairs in AHSC 215 and can be reached by phone at (573) 875-7626 or email at sar@ccis.edu.

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).  Getting assignments completed on time is your responsibility.  Because we are in an accelerated program, you cannot afford to get behind in an already tight schedule.  The deadlines for assignments and exams are structured to help you learn these strict concepts of the business and government environment. All assignments past the due date and time will receive 0 points.  All exams have strict open periods that are software controlled—there is no grace period.  If a homework assignment or exam is not submitted within the time frame specified, it will be “locked” and will no longer be available to the student.  The instructor will not re-open an assignment or exam except for extreme emergency situations.

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 Helpdesk, or the D2L Helpdesk for assistance. 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.


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