Course AIM 6365 501 12092 Governmental and Nonprofit Accounting

Professor Liliana Hickman-Riggs, CPA CITP CMA CIA CFE FCPA DABFA MS
Term Fall 2008
Meetings Friday 6:30-9:15 pm SOM 1.217

Professor’s Contact Information

Office Phone 214 378-5400 (# to call for a timely answer)
Other Phone 972 883-5903
Office Location SOM 4.228
Email Address liliana.hickman-riggs@utdallas.edu and liliana@accounting.net
Tuesday 4:30 - 5:30 PM
Office Hours Thursday 4:30 – 6:45 PM
Friday 4:30 - 6:15 PM or by appointment
Other Information TA’s e-mail: chris.holsonback@student.utdallas.edu

General Course Information

Course AIM 6365 Governmental and Nonprofit Entities is a challenging and difficult course that
Description can vastly add to your knowledge. You must devote adequate preparation time in order to
complete the course successfully. If you are having difficulty with the topics presented, please
see me and or the TA at the earliest opportunity. All efforts will be made to cover each chapter
in a detailed manner. Because of the quantity of the material to be covered, an in depth study
of each chapter cannot be realistically achieved. It is therefore the responsibility of each
student to study any portions not covered in class

The Governmental Nonprofit portion on the CPA exam is worth 25+ points on the Financial
Accounting and Reporting section and 6-7 points on the Audit section. This class will provide
you a remarkable hedge over the other candidates.

Learning To enhance critical thinking.

Outcomes To achieve a thorough understanding of the basic concepts, philosophy, standards, procedures
and practices of the public accounting profession’s reporting obligations and responsibilities.
To understand and appreciate how the basic concepts, philosophy, standards, procedures and
practices of the public accounting profession affect the various stakeholders who rely or may
rely on general purpose financial statements and/or other financial or non-financial
information that has been reported on by professional accountants.

Required Wilson, Kattelus, Reck, Accounting for Governmental and Nonprofit Entities 14th Edition,
Texts & Irwin McGraw-Hill ISBN # 0-07-326892-5 www.mhhe.com/wilson14e
Materials
Resources The textbook for this course provides a wealth of material. However, the universe of
Governmental and Non Profit Accounting information is much greater than what you will find
in the text. Much of it is available through UTD’s online library database, as well as through
the rest of the Internet. The publisher also has excellent tools and information available in the
Online Resource Center which should be part of your academic experience.

On WebCT I have posted power point presentations for each chapter available to you at your
discretion. I do not use PP during the class but if you find them useful they are there for you. I
have also posted solutions for the exercises for each chapter so that you can check the
correctness of your work.

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Assignments & Academic Calendar Fall 2008
Chapters and timelines are subject to change at the discretion of the Professor. Stay informed! Be Prepared
Month Day Subject Matter Suggested Homework
(not graded)
Aug. 22 Introduction of the course Every question, exercise, problem in
each chapter covered in the course is
useful. Do as many as you can. The
solution is posted on web-CT

29 Chapter 1 General view

Chapter 2 Principals of Accounting for State and Local Gov’t

Sept. 5 Chapter 3 General fund, Operating & budgetary accounting

12 Chapter 4 Operating activities

19 Chapter 5 Special Revenue and Capital Assets, Capital Project fund

Chapter 6 Debt Service Fund

26 Examination 1: Chapters 1-6

Please bring SCANTRON Form 882-E
Oct. 3 Chapter 7 Internal Service & Enterprise fund

10 Chapter 8 Fiduciary funds

17 Chapter 10 Performance Analysis

Chapter 11 Audits of Governmental
Chapter 12 Reporting for Federal Government
Chapter 13 Budgeting and Costing

******* 24 Chapter 9 Financial Reports

31 Examination 2: Chapters 7-11

Please bring SCANTRON Form 882-E
Nov. 7 Chapter 14 Not for Profit Organizations

14 Chapter 14 Not for Profit Organizations (Continued)

Term Paper due on/before 11/13/08 (Turnitin.com) & 11/14/08 (Hardcopy)
21 Chapter 15 NFP Organizations Regulatory Taxation
Chapter 16 Colleges, Universities
Chapter 17 Health Care Organizations

28 Thanksgiving Holiday – No class

5 Examination 3: Chapters 14-17

Please bring SCANTRON Form 882-E

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Course Policies
Grading (credit) A = 315, B = 280, C = 245
Criteria
Three closed book, closed note examinations:
Examinations (3)@ 100 pts each 300
Make a wise investment paper 50
Total possible points from requirements 350

Examinations There will be three closed book, closed notes examinations, each covering the
corresponding chapters in the schedule. Exam dates are firm. Each test is comprised of
about 10 multiple choice or matching questions per chapter (or a combination of the
two). Please bring a SCANTRON form 882-E at each examination. You are allowed
to write on the tests, but no scratch paper is allowed in the exam.

Announcements will be made during the test to inform you of the time remaining. If you
would like to keep track of time yourself please bring a watch as no cell phones or
electronic devices, other than a calculator, will be allowed.
Make-up Exams No make-up exams. If there is an emergency, please let me know as soon as possible.
Extra Credit No extra credit
Late Work Late work is accepted but points are not awarded.
Class Required at all classes.
Attendance
Electronic The use of electronic devices in class (except for calculators) is prohibited.
Devices
WebCT No matter what your experience with WebCT is, UTD’s Information Resources
department has a wonderful site. The site includes short video tutorials for nearly all
functions in WebCT, as well as solutions to many issues. The website can be found at
http://www.utdallas.edu/elearninghelp

Certain features such as mail and the discussion boards have been disabled in this course.
Only e-mail sent to the e-mail addresses listed in the syllabus will be received.
Case CASE: MAKE A WISE INVESTMENT

The case should be centered on the analysis and “credit worthiness” evaluation of an
annual report of the city of your choice considering the possibility that you are about to
invest $1,000,000 of your own money in general obligation bonds of the governmental
unit. You should prepare a paper (two or three pages plus the must have data displays) to
support the conclusions reached. The work will be evaluated based upon integration of
accounting knowledge, written communication skills, and critical thinking skills
demonstrated by the author. Also, remember to include only the essential CAFR
elements necessary to help me evaluate your work. Be sure to utilize the ratios in chapter
10 for a better analysis.

The paper is due on/before 11/19/08 (Turnitin.com) & 11/20/08 (Hardcopy)

Grading The analysis will be graded based on the following criteria:

Criteria Case
1. Mastery of Accounting Concepts
Thorough understanding of Accounting Principles, GASB standards, and their
applications.
2. Responsiveness to the Assignment
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 Assignment directly and completely accomplished in an exceptional manner.
3. Appropriateness for the Audience
Effective point of view, tone, attitude toward content.
4. Coherent Organization
Clear transitions and logical progression of ideas, major points, principles and
conclusions.
5. Critical Supporting Analysis
The main points of the paper are supported by relevant and specific details.
6. Clarity and Conciseness
Clear, efficient well constructed sentences with specific appropriate vocabulary.
7. Correct Use of Mechanics
English is characterized by correct adherence to conventions of grammar,
capitalization, spelling and usage
8. Citation and Documentation
Clearly incorporates material into the paper, documents sources accurately.
9. Visual Presentation
Graphics, charts, and visual aids are effectively used to enhance contexts.
10. Overall Evaluation
The paper accomplishes the purpose of the assignment. The writer keeps a narrow
focus on the topic while providing the reader a broad exposition on the subject.

Other Additional Observations deemed critical by the instructor.

Turnitin.com Your term paper will be analyzed by Turnitin.com. Turnitin.com will compare your
paper against billions of sources, if you could find it then Turnitin.com can. It will also
compare your paper against others in the class.

You will have an opportunity to submit your paper through Turnitin.com early to ensure
that there are no issues. If you have issues with your paper you will be notified so that
you can correct them before you submit your final version. You will need to send the
TA an e-mail once you submit your paper to the preliminary submission.

UTD provides a quick guide on how to avoid plagiarizing at

http://www.utdallas.edu/~tad035000/Plagiarism%20Tutorial/Textonlytutorial.htm .

Student The University of Texas System and The University of Texas at Dallas have rules and
Conduct and regulations for the orderly and efficient conduct of their business. It is the responsibility
Discipline of each student and each student organization to be knowledgeable about the rules and
regulations which govern student conduct and activities. General information on student
conduct and discipline is contained in the UTD publication, A to Z Guide, which is
provided to all registered students each academic year.

The University of Texas at Dallas administers student discipline within the procedures of
recognized and established due process. Procedures are defined and described in the
Rules and Regulations, Board of Regents, The University of Texas System, Part 1,
Chapter VI, Section 3, and in Title V, Rules on Student Services and Activities of the
university’s Handbook of Operating Procedures. Copies of these rules and regulations
are available to students in the Office of the Dean of Students, where staff members are
available to assist students in interpreting the rules and regulations (SU 1.602, 972/883-
6391).

A student at the university neither loses the rights nor escapes the responsibilities of
citizenship. He or she is expected to obey federal, state, and local laws as well as the
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 Regents’ Rules, university regulations, and administrative rules. Students are subject to
discipline for violating the standards of conduct whether such conduct takes place on or
off campus, or whether civil or criminal penalties are also imposed for such conduct.
Academic The faculty expects from its students a high level of responsibility and academic honesty.
Integrity Because the value of an academic degree depends upon the absolute integrity of the work
done by the student for that degree, it is imperative that a student demonstrate a high
standard of individual honor in his or her scholastic work.

Scholastic dishonesty includes, but is not limited to, statements, acts or omissions related
to applications for enrollment or the award of a degree, and/or the submission as one’s
own work or material that is not one’s own. As a general rule, scholastic dishonesty
involves one of the following acts: cheating, plagiarism, collusion and/or falsifying
academic records. Students suspected of academic dishonesty are subject to disciplinary
proceedings.

Plagiarism, especially from the web, from portions of papers for other classes, and from
any other source is unacceptable and will be dealt with under the university’s policy on
plagiarism (see general catalog for details).

Email Use The University of Texas at Dallas recognizes the value and efficiency of communication
between faculty/staff and students through electronic mail. At the same time, email raises
some issues concerning security and the identity of each individual in an email exchange.
The university encourages all official student email correspondence be sent only to a
student’s U.T. Dallas email address and that faculty and staff consider email from
students official only if it originates from a UTD student account. This allows the
university to maintain a high degree of confidence in the identity of all individual
corresponding and the security of the transmitted information. UTD furnishes each
student with a free email account that is to be used in all communication with university
personnel. The Department of Information Resources at U.T. Dallas provides a method
for students to have their U.T. Dallas mail forwarded to other accounts.

Withdrawal The administration of this institution has set deadlines for withdrawal of any college-
from Class level courses. These dates and times are published in that semester's course catalog.
Administration procedures must be followed. It is the student's responsibility to
handle withdrawal requirements from any class. I cannot drop or withdraw any
student. You must do the proper paperwork to ensure that you will not receive a final
grade of "F" in a course if you choose not to attend the class once you are enrolled. Last
day to drop the course with a "W": November 10, 2008

Student Procedures for student grievances are found in Title V, Rules on Student Services and
Grievance Activities, of the university’s Handbook of Operating Procedures.
Procedures
In attempting to resolve any student grievance regarding grades, evaluations, or other
fulfillments of academic responsibility, it is the obligation of the student first to make a
serious effort to resolve the matter with the instructor, supervisor, administrator, or
committee with whom the grievance originates (hereafter called “the respondent”).
Individual faculty members retain primary responsibility for assigning grades and
evaluations. If the matter cannot be resolved at that level, the grievance must be
submitted in writing to the respondent with a copy of the respondent’s School Dean. If
the matter is not resolved by the written response provided by the respondent, the student
may submit a written appeal to the School Dean. If the grievance is not resolved by the

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 School Dean’s decision, the student may make a written appeal to the Dean of Graduate
or Undergraduate Education, and the deal will appoint and convene an Academic
Appeals Panel. The decision of the Academic Appeals Panel is final. The results of the
academic appeals process will be distributed to all involved parties.

Copies of these rules and regulations are available to students in the Office of the Dean
of Students, where staff members are available to assist students in interpreting the rules
and regulations.
Incomplete As per university policy, incomplete grades will be granted only for work unavoidably
Grades missed at the semester’s end and only if 70% of the course work has been completed.
An incomplete grade must be resolved within eight (8) weeks from the first day of the
subsequent long semester. If the required work to complete the course and to remove the
incomplete grade is not submitted by the specified deadline, the incomplete grade is
changed automatically to a grade of F. You must do the proper paperwork timely to
ensure that it is approved by me so that you will not receive a final grade of "F" in the
course.

Disability The goal of Disability Services is to provide students with disabilities educational
Services opportunities equal to those of their non-disabled peers. Disability Services is located in
room 1.610 in the Student Union. Office hours are Monday and Thursday, 8:30 a.m. to
6:30 p.m.; Tuesday and Wednesday, 8:30 a.m. to 7:30 p.m.; and Friday, 8:30 a.m. to 5:30
p.m.
The contact information for the Office of Disability Services is:
The University of Texas at Dallas, SU 22
PO Box 830688
Richardson, Texas 75083-0688
(972) 883-2098 (voice or TTY)

Essentially, the law requires that colleges and universities make those reasonable
adjustments necessary to eliminate discrimination on the basis of disability. For
example, it may be necessary to remove classroom prohibitions against tape recorders or
animals (in the case of dog guides) for students who are blind. Occasionally an
assignment requirement may be substituted (for example, a research paper versus an oral
presentation for a student who is hearing impaired). Classes enrolled students with
mobility impairments may have to be rescheduled in accessible facilities. The college or
university may need to provide special services such as registration, note-taking, or
mobility assistance.

It is the student’s responsibility to notify his or her professors of the need for such an
accommodation. Disability Services provides students with letters to present to faculty
members to verify that the student has a disability and needs accommodations.
Individuals requiring special accommodation should contact the professor after class or
during office hours.

Religious The University of Texas at Dallas will excuse a student from class or other required
Holy Days activities for the travel to and observance of a religious holy day for a religion whose
places of worship are exempt from property tax under Section 11.20, Tax Code, Texas
Code Annotated.
The student is encouraged to notify the instructor or activity sponsor as soon as possible
regarding the absence, preferably in advance of the assignment. The student, so excused,
will be allowed to take the exam or complete the assignment within a reasonable time

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 after the absence: a period equal to the length of the absence, up to a maximum of one
week. A student who notifies the instructor and completes any missed exam or
assignment may not be penalized for the absence. A student who fails to complete the
exam or assignment within the prescribed period may receive a failing grade for that
exam or assignment.
If a student or an instructor disagrees about the nature of the absence [i.e., for the purpose
of observing a religious holy day] or if there is similar disagreement about whether the
student has been given a reasonable time to complete any missed assignments or
examinations, either the student or the instructor may request a ruling from the chief
executive officer of the institution, or his or her designee. The chief executive officer or
designee must take into account the legislative intent of TEC 51.911(b), and the student
and instructor will abide by the decision of the chief executive officer or designee.

Off-Campus Off-campus, out-of-state, and foreign instruction and activities are subject to state law
Instruction and and University policies and procedures regarding travel and risk-related activities.
Course Information regarding these rules and regulations may be found at
Activities http://www.utdallas.edu/BusinessAffairs/Travel_Risk_Activities.htm. Additional
information is available from the office of the school dean.

Strategies For To further ensure your success, I suggest you follow these strategies:
Success: There is no special secret to succeeding in this course. Most students who are committed
to the “5 Ps” have little trouble:

• Preparation. Do the assigned readings so that the class explanation will mean more.
Apply your knowledge to problem solving, the more you solve, the better you learn.
Preparation is success.
• Presence. If you are not present, then you cannot learn and you cannot add your
expertise to the group explanation. Exchange contact data with a classmate so that if
you miss a class you stay informed.
• Promptness.
• Participation. Each student’s learning is best facilitated by regular participation. Each
student is responsible for sharing his or her understanding and judgment with the
class to advance the group’s collective skills and knowledge.
• Practice. Do enough exercises to turn the “theoretical information” into “practical
skills”
• Re-do homework, to become proficient. Copying solutions ≠ working problems.
Analyze and learn from your mistakes. Failure is a great way to learn.
• “Read the English!” If you understand the question you will solve the problem.

Assignments: Text chapter assignments are indicated on the attached schedule. Chapter reading should
be completed in a timely manner. Work as many of the problems, cases and exercises as
you can to better understand the material.
Although many of the exercises and problems will be used to illustrate major points
during the class lectures, the ultimate responsibility rests with you.
Method of The theory and philosophy of accounting for Governmental and Nonprofit entities will
Presentation: be presented through lectures, handouts and overhead transparencies as needed. The
student’s participation is essential.

Be very prepared for class. Preparation requires that you read the assigned materials and
work through the examples in the readings.

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In my experience, the most effective way for adults to learn about Governmental and
Non Profit issues and develop related skills is through experiential learning.
Accordingly, a major emphasis of this course will involve exercises, decision-making,
problem-solving and collaborative learning.

The assignments are designed to provide the individual learner with opportunities to
develop greater awareness of the decision-making process and to enhance skills needed
in this environment. Confucius best captures the specific contribution of the experiential
exercises to the overall development of the learner’s capabilities in this statement:

I HEAR AND I FORGET, I SEE AND I REMEMBER, I DO AND I UNDERSTAND

The text and reading materials are intended to provide each student with knowledge of
and practice relating to current theories, concepts, models, and tools. This information
and these skills can assist the student in developing an ability to design effective problem
solutions. It is assumed that you have thoroughly read and worked through the examples
prior to the class sessions. The knowledge and skills gained are cumulative. The student
is expected to utilize all previously learned material in any particular analysis.

Case-Study/Project Method. Case studies/Project in this course reinforces the practitioner

approach. Some of the thinking and writing you will be asked to do in this course is
centered on actual or imaginary cases. Case studies challenge you to apply theories to
explain events, and at the same time test the effectiveness of the theories and
methodologies. In this course, which is a training ground for the study of Governmental
and Nonprofit Accounting, you will be given a project, paper and problems with most of
the following features:

There is a problem/situation, in a well-described setting. The problem always has a

history and presents the reader with questions such as "What should be done now?
Which journal entry is needed? Which set of books should be used?" The reader is asked
to analyze and evaluate the situation as fully as possible and take a course of action.

Sometimes, you are being asked to imagine yourself as an actor on the organizational
stage, not just an observer. Ultimately, learning that does not result in action is wasted.
The whole point of learning about Governmental and Nonprofit Accounting is to equip
you with the knowledge and skills to apply effectively even though additional learning
will be required.

The amount you learn depends on how carefully you read it and how well you analyze
everything in this course. Read and come to class ready to contribute to explanations, just
as though you were preparing for a (worthwhile) meeting at work. Don’t be passive.
Don’t expect somebody else in the class to do the analysis or come up with that great
solution to the problems.

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Course Objectives:
Learning Goals/Objectives
“What is it that you want your students to get
from this class?”
Broad general objectives:
Explain the characteristics that distinguish
governmental and not-for-profit entities from for
profit entities. Identify the authoritative bodies
responsible for setting financial reporting
standards for state and local governments, the
federal government, and not-for-profit entities.
Contrast and compare the objectives of financial
reporting for each group, explain the different
objectives, measurement focus, and basis of
accounting of the government-wide financial
statements and fund financial statements of state
and local governments. Identify why analysis of
financial performance of governmental and not-
for-profit entities differs from that of for-profit
entities.
Distinguish and describe key financial
performance concepts, such as: Financial
position, Financial condition and Economic
condition.
Distinguish between Revenues and Other
Financing Sources and between Expenditures
and Other Financing Uses.
Understand Governmental Operating Statement
Accounts and Budgetary Accounting. Explain
how operating revenues and expenses related to
governmental activities are classified and
reported in the government-wide F/S
Realize how revenues and expenditures are
classified in the General Fund and how
budgetary accounting contributes to achieving
budgetary control. Proficient in Recording the
annual budget, Accounting for revenues for
encumbrances and expenditures.
Reconciling GAAP and budgetary amounts
at the fund level for goods encumbered in the
prior year. Explain interim balance sheets and
budgetary comparison schedules and Account for
exchange transactions.
Learning Outcome/Assessment
“How will you assess the stated learning objective?”
1) Test questions that require the students to multiple
choices and word problems and numerical problems
covering the identified outcomes.
2) Oral communications. Students are expected to come
to class prepared and to participate in small-group and
full-class discussions of text material and homework
assignments. These discussions will allow students to
demonstrate skills in interpersonal communication and
the following knowledge related performance skills:
acquisition, comprehension, application, analysis, and
evaluation.
3) Effective utilization of information and technology for
business decisions will be emphasized in many of the
homework and in-class assignments. Students are
required to use Word and Excel for their homework
assignments through WebCT therefore demonstrating
thinking skills, proficiency skills, technologies skills,
problem-solving skills.
1) Test questions that require the students to multiple
choices and word problems and numerical problems
covering the identified outcomes.
2) Oral communications. Students are expected to come
to class prepared and to participate in small-group and
full-class discussions of text material and homework
assignments. These discussions will allow students to
demonstrate skills in interpersonal communication and
the following knowledge related performance skills:
acquisition, comprehension, application, analysis, and
evaluation.
3) Effective utilization of information and technology for
business decisions will be emphasized in many of the
homework and in-class assignments. Students are
required to use Word and Excel for their homework
assignments through WebCT therefore demonstrating
thinking skills, proficiency skills, technologies skills,
problem-solving skills.
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Understand the difference between the Enterprise
fund and Fiduciary, Agency and Trust Funds and
Pension trust fund.
Understand the key concepts and terms used in
describing the governmental reporting entity as
required by GASB 34. Isolate criteria used to
determine whether a potential component unit
should be included in the reporting entity, and
the manner of reporting component units
Identify and describe the contents of a
Comprehensive Annual Financial Report
(CAFR).
Proficient in understanding the components of
GASB 34 model integrated accounting and
financial reporting:
• The reporting entity
• Government-wide financial statements
• Fund financial statements
• Major fund reporting
• Types of funds in each fund category and
characteristics of each fund type
Recognize typical operating transactions for
governmental activities and prepare appropriate
journal entries at both the government-wide and
fund level.
Understand Auditing of Governmental and Not-
for-Profit Organizations.
Explain the essential characteristics of financial
audits by independent CPAs using
generally accepted auditing standards (GAAS),
the audit reports that can be rendered, the
contents of an unqualified and qualified audit
report. Explain what is meant by generally
accepted government auditing standards
(GAGAS), and why GAGAS are much broader
and detailed than GAAS.
Explain the characteristics of a Single Audit Act
(SAA), including the purpose, which entities
1). 1) Test questions that require the students to
recognize, compare and contrast the two broad categories
–basic skills.
1) Test questions about details relationship between fund
accounting and GASB 34 integrated model.
2) Test questions about the reconciliations that must take
place to “roll up the funds financials into the integrated
approach.
3) Prepare a paper to demonstrate effective
understanding through effective using their knowledge
and reasoning skills in evaluating a Comprehensive
Annual Financial Report of a city of their choice.
The premise is simple: the student has won an imaginary
lottery: $1,000,000. Would they invest it in the city
under analysis? Each student is required to write about
the strength of the city chosen and conclusions reached.
The conclusions, in the form of a paper, must be easy to
understand, and supported by reasonable evidence (ratio
growth, etc.) The objective is to demonstrate critical
thinking skills, proficiency skills, technologies skills,
problem-solving skills, analysis skills.
Quantitative reasoning: Some of the homework
assignments are designed to enhance competency in this
area. Quantity reasoning is tested on exams and in-class
activities, and by utilizing relevant information
appropriately.
The course project will also require critical thinking
skills.
Students will be expected to demonstrate quantitative
reasoning skills in the computerized course project, “The
City of Smithville” through differentiating between
relevant and irrelevant information.
On a written exam students will respond to multiple
choice, problem and essay questions covering the
identified outcomes
Test essay questions of real-world situations where the
students can demonstrate appropriate thinking skills,
reasoning skills, and recognition skills to identify the
differences and similarities between the GAAS, GAGAS
and SAA audits being performed.
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must have a single audit what auditing work is
required, what reports must be rendered, when
and to whom.

Account for Not-for-Profit Organizations 1) Test questions that require the students to multiple
Distinguish not-for-profit organizations (NPOs) choices and word problems and numerical problems
from entities in the governmental/commercial covering the identified outcomes.
sectors of the U. S. economy
Identity the authoritative standard-setting body
for establishing GAAP for NPOs
Explain financial reporting and accounting for 2) Oral communications. Students are expected to come
NPOs. to class prepared and to participate in small-group and
Identify the unique accounting issues of full-class discussions of text material and homework
financially interrelated organizations. Prepare assignments. These discussions will allow students to
financial statements using SFAS No. 116 and demonstrate skills in interpersonal communication and
117 the following knowledge related performance skills:
Account for Colleges and Universities acquisition, comprehension, application, analysis, and
Distinguish between generally accepted evaluation.
accounting principles for public and
private colleges and universities
Describe financial reporting for colleges and
Universities governmentally owned. Discuss
accounting and reporting issues for all colleges 3) Effective utilization of information and technology for
and universities. business decisions will be emphasized in many of the
Journalize transactions for governmentally homework and in-class assignments. Students are
owned colleges and universities following required to use Word and Excel for their homework
GASB Statement No 35. assignments through WebCT therefore demonstrating
Prepare financial statements for governmentally thinking skills, proficiency skills, technologies skills,
owned colleges and universities following problem-solving skills.
GASB 35. Prepare financial statements for
private colleges and universities following SFAS
No. 117
Account for Health Care Organizations
Describe different organizational forms for
providing health care services. Identify the
authoritative accounting literature that governs
health care entities
Describe financial reporting for health care
organizations. Explain unique accounting and
measurement issues in health care
organizations including accounting for revenues,
assets, expenses, and liabilities.
Awareness of the basic financial statements for
governmental health care providers

I am looking forward to meeting you and to get to know each of you during the upcoming semester.
Thank you for choosing my class.

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