COLLEGE OF BUSINESS & PUBLIC AFFAIRS

DEPARTMENT OF ACCOUNTING, ECONOMICS, FINANCE AND INTERNATIONAL BUSINESS

Course Data Sheet

Summer Semester 2006

 

 

Course Number:

Accounting 751; Sections DM1, DT1, and DU1; Classes meet 5:45-9:40; MW

Course Title:

Accounting for Nonprofit Entities

Term, Level and Credit:

AY 2005-2006, graduate, 3 credit hours

 

 

Course Description:

Study of nonprofit accounting with emphasis on governmental entities, schools, hospitals, and voluntary health and welfare organizations.

 

 

Course Prerequisites:

ACCT 201 or ACCT 300 and ACCT 711

 

 

Course Text:

Essentials of Accounting for Governmental and Not-for-Profit Organizations (7th or 8th Edition) by John H. Engstrom and Paul A. Copely.  ISBN 0-07-282037-3 (7th ed.) and 13: 978-0-07-313096-5 (8th ed.) 

You are expected to bring the text to all class sessions as there will be extensive references to it in each class.

Mission of the College Of Business and Public Affairs:

The College of Business and Public Affairs, consistent with the overall Mission of The University of Tennessee at Martin, develops leaders whose skills, innovative abilities and ethical standards contribute to a diversified and dynamic society. With a primary focus on teaching, the College emphasizes quality undergraduate and graduate instruction and faculty commitment to student and regional development. Programs are delivered in an environment that encourages a broad understanding of the forces shaping global social, political and economic change. The College promotes and supports cooperative alliances with stakeholders and outstanding teaching, research, and service.

 

 

Learning Goals related to

The course addresses the following learning goals of the graduate business program:

the College's Mission

CBPA 1 – demonstrate an understanding of the global aspects of business. **
CPBA 2 – demonstrate an understanding of the ethical aspects of business.
CBPA 3 – demonstrate competence in appropriate technology in business. ***
CBPA 4 – demonstrate effective verbal and written communication skills.
CBPA 5 – demonstrate an understanding of the business core. **
CBPA 6 – demonstrate competence in Accounting major.

*In this course assume business to apply to non-business organizations.

**Learning goals for these areas covered in outside readings and classroom discussions.
***This learning goal is covered throughout the course through internet assignments.

 

 

 

Course Objectives:

This study includes the following objectives:

1) to learn generally accepted governmental and nongovernmental Not-for-Profit financial reporting principles and the similarities to and differences from those of privately owned  business enterprises;
2) to learn external financial reporting requirements of Not-for-Profit entities, to include financial statements, notes, and supplementary information, and to become familiar with the organizations responsible for establishment of these requirements;
3) to develop an appreciation for the extensive control and compliance requirements of governmental entities; and
4) to develop an understanding of the comprehensive annual financial report requirements of governmental entities.

 

 

 

 

Class Data Sheet

 

Instructor:

Dr. Robert L. Putman, CPA

 

Semester:  Summer 2006

Office:

229B Business Administration

 

Phone:  (731) 881-7305 or (731)-352-5797

E-mail:

bputman@utm.edu

 

Fax:  (731) 881-7241

Web Location :

http://www.utm.edu:/~bputman/

 

Office Hours: 

To be announced

Publisher’s Website

GASB Website

FASB

Website

AICPA

Website

http://www.mhhe.com/copley8e

 

http://www.gasb.org

 

http://fasb.org

 

http://aicpa.org

 

 

 

 

*Attendance Policy: 

All students are expected to attend class and to participate in classroom discussion. This is a graduate course with seminar type presentations.  While perfect or near perfect attendance is expected your instructor understands it may be necessary for some of you to miss up to one week of classes as a result of vacations, work travel requirements, and other miscellaneous events that normally occur during a summer session.  You will not be penalized for absences that fall into this category.  Just be sure to inform the instructor of these events during the first class period on June 5 as this will allow your instructor to assign group presentations accordingly.  

 

 



 

*Classroom

Participation 

 You will be expected to enter into classroom discussions.  This includes asking and answering questions, bringing real life situations into the classroom through initiating discussions about them, and your overall attitude demonstrated throughout the course.  Your classroom participation will count 50% of your course grade so it is important to be prepared for the topic assigned each class period.  This part of the course is intended to help you improve your communication skills (CBPA Learning Goal #4).

 

*Grades: 

Final grades will be determined as follows:

 

 

 1.

 2.

Group project (To be assigned)                      100 Points
Participation*                                                  100   
Total                                                                200  Points

Letter grades will be earned based upon the following points and %

A = 90% or above        (180-200 points)
B = 80% to 89%           (160-179 points)
C = 70% to 79%              (140-159 points)
D = 60% to 69%           (120-139 points)
F = 59% or lower             (Below 119 points)            


* See preceding discussion on how to earn these 100 points

 

 

 COURSE REQUIREMENTS/EXPECTATIONS:

The course will consist of:
(1) Classroom participation – 100 Points (50%)

a) reading assigned chapters in the text and discussion of the chapters in class,
b) end of chapter assignments and discussion of these in class,
c) reading and discussion of articles and other assignments from the readings list, and
d) your observations of current events that may appear in print or other media during the term of the course that you share with other class members during classroom sessions.

(2) Project – 100 Points (50%)
      Teams of 4-7 of you will be required to research and present a written and verbal report on a topic assigned to you during the first class meeting.  The written and verbal presentations are due as shown on the tentative schedule that follows this section.  There will be four such topics assigned during the semester.  The four topics are as follows.

    Report 1 - State and Local Government Accounting and Financial Reporting and GASB #34
     Report 2 - Governmental Colleges and Universities and GASB #35. 
     Report 3 – Reporting on Voluntary Health and Welfare Organizations. (Use Ex 10-3 in text as guide) 
     Report 4 -- Hospitals (Non-government) and SFAS #116 and #117
                                                                                                                                                                               You will be responsible for a written report as a team and a verbal presentation as individuals for your project.  The written report will count 80% and the verbal 20% of the total project grade.  The written report should be in good business report form with distinctive sub-headings that include introductory,      discussion, summary or conclusions, and reference sections.  References should be illustrated according to a generally accepted format (preferably the APA format).  The body of the report should be typed, double-spaced, and be between 6 - 12 pages.  You should also include an appropriate Title Page.
**Important** You will be asked to grade each of your team member’s effort to successful completion of the project by assigning a grade of from 0-100%.  This will be used by your instructor to determine the % of the written report grade that you will earn.  For example, if your team receives 90 points on the written report and a team member receives a 90% peer evaluation grade, the grade that will be issued to that member for the written report part is 81 points (90 * 90%)

 

 

“All students eligible for and requesting academic accommodations due to a disability are requested to provide a letter of accommodation from P.A.C.E. or Student Academic Support Center within the first week of the semester."

 

 

 

Tentative Class Schedule

Date

Chapters

Topics

Class work that will be discussed this date

Group Project Due on this Date

Relationship of Homework to the College's Learning Goals

June 5

1

Introduction, syllabus, etc. Chapter 1

 

 

 

7

2-3

Chapter 2

Chapter 3

Q & Es 1-2,1-3, 1-4,1-5, 1-6

 

CBPA 4

CBPA 6

12

4-5

Chapter 4

Chapter 5

Q & Es 2-2 2-3,2-4,2-5 3-2,3-3         

 

CBPA 4

CBPA 6

14

6

Chapter 6

Q & Es 4-2,4-3; 5-2,5-3

 

CBPA 4

CBPA 6

 19

8

 Chapter 8

Q & Es 6-2, 6-3

 

CBPA 4

CBPA 6

 

21

9

Chapter 9

Q & Es  8-2, 8-3

State and Local Government

CBPA 4

26

 

10

Chapter 10

Q & Es 9-3,9-4

Government Colleges and Universities

CBPA 4

CBPA 6

28

11

Chapter 11

Q & Es 10-1, 10-2

Voluntary Health & Welfare

CBPA 4
CBPA 6

July 3

12

Chapter 12

 Q & Es 11-1, 11-2

 Private Colleges and Universities

CBPA 4

CBPA 6

5

13

Chapter 13

Q & Es 12-1, 12-2; 13-2,13-3

Healthcare Organizations

CBPA 4

CBPA 2

CBPA 6


Important Dates to Remember:

                June 5, 2006……………………………Classes begin

                June 7, 2006.……………………………Last day to add classes or drop with a 100% refund

                June 16, 2006…………………………..Last day to drop a class

               June 21, 2006………………………….State and Local Government Presentation

               June 26,2006…………………………..Public Colleges and Universities Presentation

               June 28, 2006………………………….Voluntary Health & Welfare Organizations Presentation

               July 5, 2006……………………………Private Colleges and Universities Presentation

                July 5, 2006……..……………………..Healthcare organizations presentation & Last day of class

 

 

Readings will be assigned throughout the progression of the course which you will be expected to research and bring discussion to the classroom (CBPA Learning Goal #6).