COLLEGE OF BUSINESS AND PUBLIC AFFAIRS

Course Data Sheet

Summer 2007

 

Course Number and Title:  Accounting 451, Governmental Accounting

 

Course Description: An introduction to accounting and financial reporting of state and local governments and              nongovernmental nonprofit organizations.  Account structure and accounting for various fund types in governmental entities and restricted and unrestricted funds in nongovernmental nonprofit entities are emphasized in the course.  Preq. Grade of “C” or better in Acct. 301

 

Course Text and Required Materials:

             Wilson, Earl R., Susan C. Kattelus & Jacqueline L. Reck, Accounting for Governmental and Nonprofit    

            Entities, 14th Edition, McGraw-Hill Irwin, 2007. ISBN-13: 978-0-07-310095-1

 

College Mission Statement:

             The College of Business and Public Affairs, consistent with the overall mission of The University of Tennessee at Martin, develops graduates whose skills, 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.

 

BSBA Learning Objectives related to the CBPA Mission:

       BSBA 3            Demonstrate competence in appropriate technology in business

       BSBA 6            Demonstrate competence in Accounting

      

Course Specific Objectives

 

By the end of the semester, students will:

 

Understand the accounting for governmental and other nonprofit entities

Be able to record, summarize and analyze data to prepare in acceptable form the appropriate financial statements

Be able to develop an appreciation of the differences between accounting and reporting for profit versus nonprofit entities

Be able to evaluate the effectiveness and efficiency of the operations of nonprofit entities

 

Any student eligible for and requesting academic accommodation due to a disability is required to supply a letter of accommodation from Disability Services (PACE Office), Clement 203 (Extension 7605 or 7744), within the first week of the semester.


COLLEGE OF BUSINESS AND PUBLIC AFFAIRS

Class Data Sheet

Accounting 451

            

                             Instructor:    Dr. Robert L. Putman, CPA                                            Semester:          Summer 2007               

                             Office:                      315 Clement Hall                                                           Phone:              731-881-7305

                             Office Hours:          M-F: 11:00AM – 12:00AM                                            Home Phone:   731-352-5797

                               and by Appointment                                                                                    email:                bputman@utm.edu

                                                                                                                                                  FAX:               731-881-7241

                         

 

COURSE REQUIREMENTS:

 

Attendance Policy

             You are strongly encouraged to attend all classes.  One (1) point will be deducted from your total grade points for each missed class after the first three misses.  You are expected to be in class and seated on time.  The class meets daily Monday through Friday from 9:15-10:45.

 

Test Policy

             EXAM                            DATE               MATERIAL*                             WEIGHT

 

                  1                                SEE CLASS SCHEDULE                                                       100 POINTS

                  2                                SEE CLASS SCHEDULE                                                       100 POINTS

                  3                                SEE CLASS SCHEDULE                                                       100 POINTS

             HOMEWORK                                                                                                      50 POINTS

      QUIZZES and Participation                                                                                     50 POINTS

             FINAL   EXAM               JULY 6, 2007  9:15-10:45                                       100 POINTS

 

           TOTAL POINTS                                                                                                      500

 

Assignment Policy

Students are responsible for reading each chapter and preparing assignments from the text.  All assignments are due on the date specified by the course instructor. 

Students are expected to attend class on a regular basis and participate in class discussion.  They are encouraged to not miss scheduled tests unless seriously ill or for an unavoidable emergency.   Make-up tests will be given only for justifiable reasons. 

Grades: (unless modified by a curve):

 

A:  90.0-100% of total possible points        (450 - 500),

B:  80.0-89.9%      “       “       “      “            (400 – 449)

C:  70.0-79.9%      “       “       “      “            (350 – 399)

D:  60.0-69.9%      “       “       “      “            (300 – 349)

F:  Below 60%       “      “        “      “           (299 and below)

 

Classroom Courtesy

 

             Students are expected to conduct themselves in a professional manner in class.  Nonprofessional behavior or language will result in the student being dropped from the course.  Cell Phones: All cell phones should be turned off during class.  No cell phones will be allowed as calculators during tests or exams.

 

Academic Integrity

 

       Students are expected to conduct themselves at a high level of academic integrity.  Any student found       cheating will be assigned a final grade of F for the course and will be reported to the Vice Chancellor for Student Affairs and the dean of his/her college for further disciplinary action.

 

            

****Tentative Schedule****

Day

Topic Covered

Reading

Assignment

Class

Problems

Homework

Problems

June 4-5

Introduction to Course & Financial Reporting for Governmental and Not-for-Profit Entities

Ch. 1

 

E2*E3 (BSBA 6)

6

Principles of Accounting and Financial Reporting for States and Local Governments

Ch. 2

E6*E7

E2*E3 (BSBA 6)

7

Continued

Ch. 2

 

E5 (BSBA 6)

8

Governmental Operating Statement Accounts; Budgetary Accounts

Ch. 3

E3*E4*

IC3 (BSBA 3)

11

Continued

Ch. 3

E5*E6*E8

E2(BSBA 6)

11

Demo City of Smithville

 

 

(BSBA 3)

12

Test 1

Chapters 1-3

 

 

13

Accounting for Governmental Operating Activities – Illustrative Transactions and Financial Statements

Ch. 4

E4*E5

Chapter 1-3 HOMEWORK DUE

E2*E3 (BSBA 6)

14

Continued

Ch. 4

E7*E8A & E8B*E9

E6 (BSBA 6)

15

Accounting for General Capital Assets and Capital Projects

Ch. 5

E6*E7

E2 (BSBA 6)

18

Continued

Ch. 5

E9*E10

E3*E4*E5 (BSBA 6)

19

Accounting for General Long Term Liabilities and Debt Service

Ch. 6

E5*E6

C4*E2 (BSBA 6)

20

Continued

Ch. 6

E7*E8*E9

E3*E4 (BSBA 6)

21

Test 2

Chapters 4-6

 

 

22

Accounting for The Business-Type Activities of State and Local Governments

Ch. 7

E4

Chapter 4-6 HOMEWORK DUE

E2 (BSBA 6)

25

Continued

Ch. 7

E6*E8

E3*E7 (BSBA 6)

26

Accounting for Fiduciary Activities – Agency and Trust Funds

Ch. 8

E4*E5

E6*E7

IC1 (BSBA 3)

C28*E2*E3 (BSBA 6)

27

Financial Reporting of States and Local Governments

Ch. 9

E5* E8

IC3 (BSBA 3)

E2*E3*E4*E7 (BSBA 6)

28

Test 3

Chapters 7-9

 

 

29

Analysis of Governmental Financial Performance

Ch. 10

E3*E4

E7

Chapter 7-9 HOMEWORK DUE

C1*IC2 (BSBA 3)

C4*E2 (BSBA 6)

July

2

Accounting for Not-for-Profit Organizations

Ch. 14

E2

C2 (BSBA 6)

3

Continued

Ch. 14

E3*E4

E1 (BSBA 6)

5

Not-for-Profit Organizations – Regulatory, Taxation & Performance Issues

Ch. 15

C2*C4

E2*E3*E5

Chapters 10,14,15 HOMEWORK DUE

Will be checked in class

6

Final Exam

Chapters 10,14,15

 

 

 

 

My WebPage:

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

Publisher’s Website:

www.mhhe.com/wilson14e

Office Hours:

Posted

Homework Instructions:

The homework column lists those problems that must be turned in for grading.  Chapter homework is required to be turned in by test time at the first class meeting after the test covering chapter material.  Unsatisfactory homework may be reworked but must be turned in before the next class meeting. Homework that is covered on the last regular test will be checked off during the last day of regular classes.  It is the student’s responsibility to contact my office concerning any discrepancies.  Do not wait until the end of the semester to reconcile any differences.  The burden of proof concerning completed homework assignments falls upon the student.  Do not throw away any homework until you are sure it has been graded and properly recorded.