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Master Syllabus

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Administrative Unit: Business Administration Department
Course Prefix and Number: BUSI 585
Course Title: Fund and Governmental Accounting
Number of:
Credit Hours 3
Lecture Hours 3
Lab Hours 0
Catalog 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: ACCT 384 or BUSI 584.

Prerequisite(s) / Corequisite(s):

ACCT 384 or BUSI 584.

Text(s): Most current editions of the following:

Accounting for Governmental and Nonprofit Entities
By Wilson, Kattelus (McGraw-Hill)
Essentials of Accounting for Governmental and Not-for-Profit Organizations
By Copley, Paul (McGraw-Hill)
Governmental and Nonprofit Accounting: Theory and Practice
By Freeman, Shoulders (Prentice Hall)
Course Objectives

To apply governmental (fund) and not-for-profit accounting theory to accounting and reporting for state and local governments and other non-profit institutions.

Measurable Learning
  • Prepare financial reports for governmental and not-for-profit entities.
  • Prepare financial reports for state and local governments.
  • Properly account for general funds and special revenue funds.
  • Properly 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 and other non-profits.
  • Analyze governmental financial performance.
Topical Outline:
  • Financial reporting for governmental and not-for-profit entities
  • Financial reporting for state and local governments
  • Governmental operating statement accounts; budgetary accounting
  • Accounting for governmental operating activities -illustrative transactions and financial statements
  • Accounting for general capital assets and capital projects
  • Accounting for general long-term liabilities and debt service
  • Accounting for the business-type activities of state and local governments
  • Accounting for fiduciary activities - agency and trustfFunds
  • Financial reporting of state and local governments
  • Analysis of governmental financial performance
  • Accounting and reporting for the federal government
  • Auditing of governmental and not-for-profit organizations
  • Budgeting and performance measurement
  • Accounting for not-for-profit organizations, colleges and universities, health care organizations

Recommended maximum class size for this course: 15

Library Resources:

Online databases are available at You may access them from off-campus using your CougarTrack login and password when prompted.

Prepared by: Thomas Stauder Date: May 14, 2013
NOTE: The intention of this master course syllabus is to provide an outline of the contents of this course, as specified by the faculty of Columbia College, regardless of who teaches the course, when it is taught, or where it is taught. Faculty members teaching this course for Columbia College are expected to facilitate learning pursuant to the course objectives and cover the subjects listed in the topical outline. However, instructors are also encouraged to cover additional topics of interest so long as those topics are relevant to the course's subject. The master syllabus is, therefore, prescriptive in nature but also allows for a diversity of individual approaches to course material.

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