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Online classes

Effective: Early Spring 8-Week 2017/2018

BUSI 585: Fund And Governmental 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: Admission to the MBA Accounting Emphasis

Proctored Exams: None



Syllabus Contents

Textbooks

Required

  • Reck, Jacqueline. Accounting for Governmental & Nonprofit Entities – with Connect Access. 17th ed. McGraw-Hill, 2016.
    • ISBN-978-1-259-60215-3
      • Note: This textbook is also available as an eBook with Access through the following ISBN: 978-1-2592-9492-1. Order one or the other, but do not order both.

Connect

Passcode to CONNECT is included with the purchase of new textbook from MBS Direct. However, if you need to purchase access to CONNECT separately, the ordering ISBN is 978-1-259-29355-9

CAUTION: Do not purchase USED passcodes to CONNECT; they are not valid. Passcodes to CONNECT can also be purchased online directly from the Publisher during the first week of class.

I will provide a link to the course Connect website on the first day of class. Do not try to register for Connect prior to the first day. You must register for the website associated with this session and section only. Registration cannot be changed or reversed.

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

We will focus on accounting and reporting concepts, standards, and procedures applicable to city, county, and state governments, the federal government, and not-for-profit institutions. First, we will take a look at how governmental accounting principles differ from for-profit accounting principles. We will apply governmental principles using fund accounting, including how to analyze governmental financial performance. Then we will look at the accounting for not-for-profit entities, ending up with a look at accounting for the Federal Government.


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 720-800 90-100%
B 640-719 80-89%
C 560-639 70-79%
F 0-559 0-69%
Grade Weights
Assignment Category Points Percent
Discussions 50 6%
Exams 400 50%
Homework 350 44%
Total 800 100%


Schedule of Due Dates

Week 1
Assignment Points Due
Introduction 2 Wednesday
Discussion 1 6 Friday/Sunday
Homework: Chapters 1 & 2 39 Sunday
Week 2
Assignment Points Due
Discussion 2 6 Friday/Sunday
Homework: Chapter 3 23 Sunday
Exam 1 100
Week 3
Assignment Points Due
Discussion 3 6 Friday/Sunday
Homework: Chapters 4 & 5 58 Sunday
Week 4
Assignment Points Due
Discussion 4 6 Friday/Sunday
Homework: Chapter 6 36 Sunday
Exam 2 100
Week 5
Assignment Points Due
Discussion 5 6 Friday/Sunday
Homework: Chapters 7 & 8 75 Sunday
Week 6
Assignment Points Due
Discussion 6 6 Friday/Sunday
Homework: Chapter 10 24 Sunday
Exam 3 100
Week 7
Assignment Points Due
Discussion 7 6 Friday/Sunday
Homework: Chapters 9 & 13 69 Sunday
Week 8
Assignment Points Due
Discussion 8 6 Friday/Saturday
Homework: Chapter 17 26 Saturday
Exam 4 100
Total Points 800

Assignment Overview

Readings

Please complete each week’s reading assignments prior to embarking on other assignments; strive to show your comprehension of the reading in Discussions and Homework Assignments. 

Discussions

In addition to your initial Introduction post there will be one required, graded discussion topic each week. Your first weekly posting is due Friday and is worth a maximum of 4 points. It may require analysis, research, or critical thinking. Your second weekly discussion is due Sunday, except in Week 8 when it is due Saturday, and is worth a maximum of 2 points. 

You must respond to at least one other student’s post. Your response should be “value added.” In other words, “I agree,” or “Good Job,” will not earn the maximum points. Your response should indicate that you read the first student’s post and can offer a substantial comment. Please attempt to respond to a different student each week and respond to a student that doesn’t have a response yet, when possible.

When posting, consider the following:

  • Do not post your discussion or responses as attachments. Discussion postings submitted as attachments will receive zero credit.
  • All discussion postings should be completed with proper spelling/grammar.

Your discussion grade will be based upon the following criteria:

  1. Your initial post demonstrates familiarity with the assigned readings, without copying directly from the text.
  2. Your response is complete and concise, written in your own words and in full sentences.

A “General Discussion” board will be available throughout the session. Use of this discussion is neither required nor graded. Participation in this discussion is the equivalent of “raising your hand in class.” You are welcomed and encouraged to use this forum to discuss any topic in the course. If you have a question, I will do my best to respond within 24 hours. If you have questions regarding your grade on an assignment or with the class in general, please email me directly. I cannot respond to these types of sensitive questions in an open forum.

Your initial posts are due by 11:59 pm Central Time (CT) on Friday. You must complete your response to one classmate by 11:59 pm CT on Sunday.

Homework

Homework problems will be worked in Connect. Each Chapter’s homework assignment will consist of several questions. Question types include multiple choice, matching, fill in the blank, journal entries, financial statements, etc. Be sure and do all questions in the assignment before submitting. The assignment is not timed. You can “Save and Exit” and pick up later where you left off. You will be able to see your results immediately after submitting.

You must complete the homework assignments by 11:59 pm CT on Sunday, except Week 8, when they assignments are due by 11:59 pm CT on Saturday.


Exams

There will be four exams, one every two weeks.  Exams are located in Connect and will be formatted just like the homework. Exams will be available from 5:00 pm CT on Friday the week of the exam or (Thursday during Week 8) until 11:59 pm CT on Sunday (or Saturday during Week 8). You will have two hours to complete the exam and only 1 attempt. Under no circumstances may an exam be worked on or submitted after the due date, unless the instructor has approved an exception prior to the exam deadline.

Additional Study Resources

PowerPoint Presentations

In the Content section of D2L you will find a PowerPoint for each chapter that we cover. These can be a good place to start to get an overview of the chapter.

LearnSmart

This is an adaptive learning program that the textbook authors have developed. You can find it on the home page of Connect. Launch the program, and for any chapter, click on “Practice”. This will bring up a series of questions. For each question, you put in your answer, and assess your level of confidence in your answer. As you get questions correct, it takes you to new topics. If you miss questions, it gives you more on that topic. At any point you can click on the “Read” button, and it will take you to the relevant page in the text.



Course Outline

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

Week 1: Principles of State and Local Government Accounting
Readings
  • Chapter 1
  • Chapter 2
Introduction

Please post a brief description of yourself, including, at a minimum, where you live, work and play. Include where and in what you earned your undergraduate degree.

You must complete your Introduction post by 11:59 pm CT on Wednesday.

Discussion 1

CAFR Analysis: Download a copy of the most recent comprehensive annual financial report (CAFR) for a city of your choice (population at least 75,000). NOTE: Each student must choose a different city. Attach a copy of the CAFR to your discussion post. Familiarize yourself with the city’s CAFR and answer the following questions:

  1. Is there an auditor’s report?Who audits the financials?How long is your CAFR?
  2. What are the total assets for governmental activities versus business-type (proprietary) activities?
  3. The Governmental funds should start with a General Fund.What are the next two major funds?
Complete this post by 11:59 pm on Friday. By 11:59 pm on Sunday, respond to another student in the class by comparing or contrasting the information you found in your CAFR to theirs.
Homework: Chapters 1 & 2

To complete your homework, you will need to access your Connect account. For this week’s homework, you will complete: 

  • Connect: Chapter 1
  • Connect: Chapter 2

You must complete the homework for both chapters by 11:59 pm CT on Sunday.

Week 2: Governmental Operating Activities & Budgetary Accounting
Readings
  • Chapter 3
Discussion 2

Revisit your city’s CAFR from Week 1. For the General Fund, what are the three largest revenue sources? What are the three largest Expenditures? Anything you found specifically interesting regarding your city? Anything surprise you?

Complete this post by 11:59 pm on Friday. By 11:59 pm on Sunday, respond to another student in the class.

Homework: Chapter 3

To complete your homework, you will need to access your Connect account. For this week’s homework, you will complete: 

  • Connect: Chapter 3
You must complete the homework for the chapter by 11:59 pm CT on Sunday.
Exam 1

Complete Exam 1 available in Connect between 5:00 pm CT on Friday and 11:59 pm CT on Sunday. Remember, there is a two hour time limit, so be sure to start before 10:00 pm CT Sunday.

Exam 1 will cover chapters 1, 2, and 3

Week 3: Governmental Operating Activities and Capital Project Funds
Readings
  • Chapter 4
  • Chapter 5
Discussion 3

CAFR Analysis – Part 2: Revisit your CAFR from Week 1. Briefly describe your city’s major Capital Project Funds. What are they building?

Complete this post by 11:59 pm on Friday. By 11:59 pm on Sunday, respond to another student in the class by comparing or contrasting the information you found in your CAFR to theirs.
Homework: Chapters 4 & 5

To complete your homework, you will need to access your Connect account. For this week’s homework, you will complete:

  • Connect: Chapter 4
  • Connect: Chapter 5

You must complete the homework for both chapters by 11:59 pm CT on Sunday.

Week 4: Debt Service Funds
Readings
  • Chapter 6
Discussion 4

Debt Service Funds. Briefly describe your city’s Debt Service Funds. What are they paying off?

Complete this post by 11:59 pm on Friday. By 11:59 pm on Sunday, respond to another student and comment on how your government compares to theirs.

Homework: Chapter 6

To complete your homework, you will need to access your Connect account. For this week’s homework, you will complete:

  • Connect: Chapter 6

You must complete the homework for the chapter by 11:59 pm CT on Sunday.

Exam 2

Complete Exam 2 available in Connect between 5:00 pm CT on Friday and 11:59 pm CT on Sunday. Remember, there is a two hour time limit, so be sure to start before 10:00 pm CT Sunday.

Exam 2 will cover chapters 4, 5, and 6.

Week 5: Enterprise Funds and Fiduciary Funds
Readings
  • Chapter 7
  • Chapter 8
Discussion 5
Enterprise and Fiduciary Funds. Describe your city’s major Enterprise Funds and their largest Fiduciary funds. Complete this post by 11:59 pm on Friday. By 11:59 pm on Sunday, respond to another student and comment on how your government compares to theirs.
Homework: Chapters 7 & 8

To complete your homework, you will need to access your Connect account. For this week’s homework, you will complete:

  • Connect: Chapter 7
  • Connect: Chapter 8
You must complete the homework for both chapters by 11:59 pm CT on Sunday.
Week 6: Financial Reporting of State and Local Governments
Readings
  • Chapter 10
Discussion 6

Utilizing the CAFR from the city you chose in Week 1, calculate the following financial ratios for the current year (governmental activities only) (formulas included in Chapter 10, on page 419). 

  • Unrestricted Net Position
  • Debt to Assets
  • Interperiod Equity
  • Bonded Debt per Capita
  • Property Taxes per Capita

What do these ratios tell you about your city’s financial performance? 

Complete this post by 11:59 pm on Friday. By 11:59 pm on Sunday, respond to another student in the class by comparing or contrasting your ratios to theirs.

Homework: Chapter 10

To complete your homework, you will need to access your Connect account. For this week’s homework, you will complete: 

  • Connect: Chapter 10

You must complete the homework for the chapter by 11:59 pm CT on Sunday.

Exam 3

Complete Exam 3 available in Connect between 5:00 pm CT on Friday and 11:59 pm CT on Sunday. Remember, there is a two hour time limit, so be sure to start before 10:00 pm CT Sunday. 

Exam 3 will cover chapters 7, 8, and 10.

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: Financial Analysis and Not-for-Profit Organizations
Readings
  • Chapter 9
  • Chapter 13
Discussion 7

NFPs: Find the most recent annual report from a NFP entity of your choice (each student needs to pick a different organization). Find the Statement of Activities. Did your organization generate sufficient revenue to cover all expenses? Have net assets increased or decreased over the past few years? How much was spent on support activities vs. program activities? Do the numbers surprise you? Based on your review of the Statement of Activities, what would you conclude about the financial condition of your organization?

Complete this post by 11:59 pm on Friday. By 11:59 pm on Sunday, respond to another student in the class by comparing or contrasting your NFP to theirs.

Homework: Chapters 9 & 13

To complete your homework, you will need to access your Connect account. For this week’s homework, you will complete: 

  • Connect: Chapter 9
  • Connect: Chapter 13

You must complete the homework for the chapter by 11:59 pm CT on Sunday.

Week 8: Federal Government
Readings
  • Chapter 17
Discussion 8

Departments of Government: Illustration 17-1, on page 701 of the text, lists the fifteen departments of the U.S. Government. The first person should take Agriculture, the second person, Commerce, then Defense, Education, etc., across the chart. Put the name of your department in the subject heading.

Google “US Department of _________ Agency Financial Report. From the agency’s financial statements, list the top three expenditures for the Department.

Complete this post by 11:59 pm on Friday. By Saturday midnight, comment on another student’s agency regarding anything you found interesting or surprising.

Homework: Chapter 17

To complete your homework, you will need to access your Connect account. For this week’s homework, you will complete: 

  • Connect: Chapter 17

You must complete the homework for the chapter by 11:59 pm CT on Saturday.

Exam 4

Complete Exam 4 available in Connect between 5:00 pm CT on Thursday and 11:59 pm CT on Saturday. Remember, there is a two hour time limit, so be sure to start before 10:00 pm CT Saturday.

Exam 4 will cover chapters 9, 13, and 17.



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.

Late assignments will only be accepted if extenuating circumstances beyond your control exist. I must be notified prior to the due date of the assignment if it will be late. A grade penalty may apply. Turning your work in on time is your responsibility.

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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