Governmental Accounting_en
Government and Not-for-Profit Accounting:
Concepts & Practice
Governmental Accounting Standards
Yellow Book
Syllabus
Governmental Accounting ACCT 3308
Spring 2011
Text:
Michael H. Granof, Government and Not-for-Profit Accounting: Concepts & Practice, John Wiley & Sons, Inc., New York, NY, USA, 4th. Edition, 2007.
Student Companion Site:: www.wiley.com/college/granof
Class:
Male: Sun. and Tue. 09:00–10:00, Thu. 10:00-11:00, Rm.: K3-106
Female: Sun. and Tue. 09:00–10:00, Thu. 10:00-11:00, Rm.: K3-106
Instructor:
eMad eBrahem AbuShaaban
MSA, Master of Science in Accounting /USA
MMD, Master in Management Development /SPAIN
Dissertation Phase, Ph. D in Accounting /EGYPT
Office Hours: Sun. 11:00–12:00, 13:00-14:00, Thu. 12:00-14:00
By Appointment, Cellular: (059) 9 885 448
Email: emad.abushaaban@gmail.com
Website: http://sites.google.com/site/emadabushaaban/home
Objective:
This course introduces the government and not-for-profit environment, it explains fund accounting, it discusses issues of budgeting and control, it covers recognizing revenues and expenditures in governmental funds, it explains not-for-profit organization, it illustrates health care providers and colleges and universities accounting, also, it elaborate on auditing governments and not-for-profit organizations, Finally, it Introduces the Yellow Book by concluding some governmental accounting and internal control standards.
Grading Scale:
Assignments 10 %, Participation in Class 10%, Mid Term 10%, Final Exam 70%.
Examination questions are tested for validity. If 60% or more of those who respond to a question give an incorrect answer, that question (or part of a question) will be invalidated and the basis of the examination adjusted ; equivalent extra credit is added to the score of those students who answer the question correctly.
Assignment:
For full credit, assignments must be submitted at the beginning of class on the date due. Late assignments are accepted until (1) they are discussed in class or (2) the start of class on Jun. 14. Grades on assignments are reduced proportionate to the extent that they are late.
Class Format:
Lecture, class discussion, solving problems, term papers presentation.
Groups:
Group study and discussion outside of class is encouraged. Group work on assigned exercises and problems from the text is acceptable only if each student submits his or her own copy of the assignment (reproductions are not acceptable). The assignments must be the work of each individual student.
Projects: All assignments are due within 2 weeks after ending chapter.
Calendar/
Week #: 1
Chapter 1: The Government and Not-for-Profit Environment
Presentations:
1. Who Receives Annual Reports?, pp16
2. Will Accounting Changes Make A Difference?, pp22
3. Testing The Theory-Do Investors Adjust for Differences in Accounting Principles?, pp23
4. Assessing The Profitability of A Football Program, pp24
5. Governments and Not-for-Profits May Also be Aggressive in their Accounting, pp25
Assignments:
1. Q1, Q3, Q5, Q7, Q9, Q11
2. P1-1, P1-3, P1-4, P1-5, P1-6, P1-7, P1-9, P1-10
Week #: 2
Chapter 2: Fund Accounting
Presentations:
1. Statement of Net Assets, pp44
2. Statement of Net Activities, pp45
3. Balance Sheet Governmental Funds, pp46
4. Statement of Revenues, Expenditures, and Changes in Fund Balance, pp47
5. Reconciliation of The Stat. of Rev., Exp., and Changes in Fund Balances, pp48
Assignments:
1. Q1, Q3, Q5, Q7 Q9, Q11
2. P2-1, P2-3, P2-5, P2-7, P2-9, P2-11
Week #: 3
Midterm Exam
Week #: 4
Chapter 3: Issues of Budgeting and Control
Presentations:
1. Budgeting Cannot be Divorced, pp89
2. Federal Budgetary legermain, pp90
3. Misestimating revenues and Expenditures, pp91
4. Do Taxpayers Really Want Honest Budgeting?, pp93
5. Balancing The Budget by Selling Assets to Yourself?, pp94
Assignments:
1. Q1, Q3, Q5, Q7, Q9
2. P3-1, P3-2, P3-3, P3-5, P3-7, P3-9, P3-11, P3-13
Week #: 5
Chapter 4: Recognizing Revenues in Governmental Funds
Presentations:
1. Some Governments May Make Sub-Optimal Investment Decision, pp152
Assignments:
1. Q1, Q3, Q5, Q7, Q9, Q11, Q13
2. P4-1, P4-3, P4-5, P4-7, P4-9, P4-11, P4-13, P4-15
Week #: 6
Chapter 5: Recognizing Expenditures in Governmental Funds
Presentations:
1. Changing The Pay date by one day, pp174
2. The Usefulness of Reported Fund Balance, pp200
Assignments:
1. Q1, Q3, Q5, Q7, Q9, Q11
2. P5-1, P5-3, P5-5, P5-7, P5-9, P5-11
Not-For-Profit Organization
Week #: 7
Chapter12: Not-For-Profit Organization
Presentations:
1. Even The Very Wealthy Sometimes Renege on their Contributions, pp493
2. A Gift with Strings Attached, pp497
3. Examples of Contributed Services, pp499
4. When a Contribution Is Not a Contribution, pp500
5. Not-for-Profits, like Corporations, Tainted by Scandals, pp523
Assignments:
1. Q1, Q3, Q5, Q7, Q9, Q11
2. P12-1, P12-2, P12-3, P12-4, P12-5, P12-6, P12-7, P12-8, P12-9, P12-10, P12-11
Week #: 8
Chapter13: Health Care Providers and Colleges and Universities
Presentations:
1. Collection of Errors Adds Up to $21 Million Debacle, pp545
2. Which Set of Standards Do We Follow?, pp558
3. How Auxiliary Enterprises Can Be Misused, pp563
Assignments:
1. Q1, Q3, Q5, Q7, Q9
2. P13-1, P13-2, P13-3, P13-4, P13-5, P13-6, P13-7, P13-8, P13-9, P13-10, P13-11, P13-12
Week #: 9
Chapter15: Auditing Governments and Not-for-Profit Organizations
Presentations:
1. To Whom Should a City Auditor Report?, pp630
2. The Auditors' Dilemma, pp632
3. Findings Must Relate to Program Objectives, pp646
4. Stupid Government Tricks Point to Need for Performance Audits, pp648
5. How Sarbanes-Oxley and IRS May Have Affected the Culture at a Private University, pp649
Assignments:
1. Q1, Q3, Q5, Q7, Q9,Q11, Q13, Q15
2. P15-1, P15-2, P15-3, P15-4, P15-5, P15-6, P15-7, P15-8
3. CIE15-1, CIE15-2, CIE15-3, CIE15-4, CIE15-5, CIE15-6, CIE15-7, CIE15-8, CIE15-9, CIE15-10
Governmental Accounting Standards
Yellow Book
Week #: 10
Presentations:
1. Chapter 1: Introduction to GAS
2. Chapter 2: Types of Government Audits
Week #: 11
Presentations:
1. Chapter 3: General Standards
2. Chapter 4: Field Work Standards for Financial Audits
Week #: 12
Presentations:
1. Chapter 5: Reporting Standards for Financial Audits
2. Chapter 6: Field Work Standards for Performance Audits
Week #: 13
Presentations:
1. Chapter 7: Reporting Standards for Performance Audits
Week #: 14
Presentations:
1. Standards for Internal Control in the Federal Government
Week #: 15
Final Exam
Last date for … Late Assignments
Good Luck