inette.com

N W T C - M a r i n e t t e:  7 1 5 - 7 3 5 - 9 3 6 1

ACCOUNTING – GOVERNMENT/NONPROFIT SYLLABUS
Adapted from the syllabus of Janet Dausey, M.B.A.

Blackboard: Access the syllabus,  your grades and course materials at:  http://blackboard.nwtc.edu

Your username is your student ID, and your password is the same as your myNWTC password.

Catalog # 10101143 – 01
Class # 25981, 25982, 28983, 25984      
4/9/2008 - 5/21/2008

Instructor Information

Instructor:                 Lloyd Cook – Adjunct Instructor
Office:                        Room 103
Telephone:               Main Office at NWTC-Marinette (715) 735-9361
Email:                         Lloyd.cook@nwtc.edu
Office Hours:           Mondays:       4:45p.m. – 5:00 p.m

CLASS Information:

Course Description:  This course provides the opportunity for the learner to develop the knowledge skills process and understanding of concepts and principles covering the use of fundamental knowledge for understanding the operation of governmental and nonprofit entities, their accounting, and financial reporting practices and the standards that shape their accounting and financial reporting systems.

Credits: 2

        Class Schedule:     Mondays    5:00 p.m. – 10:00 p.m.
        Location:                   Room 103
        Pre-requisites:        Accounting 2 (10-101-120)

Textbook, Working Papers, and Practice Set:

Today’s Essentials of Governmental and Not-for-Profit Accounting & Reporting, 2003, by Martin & West, ISBN: 9781577665045

Library Resources:  Additional library resources may also be available at http://www.nwtc.edu/library.

Supplies: 

§         Calculator
§         Notebook
§         Pencils
§         Erasers

Blackboard: Access your grades and course materials at:  http://blackboard.nwtc.edu

Your username is your student ID, and your password is the same as your myNWTC password.

Course Competencies: You have the opportunity to learn the following skills in this course:

1. Describe the basics of governmental and not-for-profit accounting.
2. Identify the basics of fund accounting.
3. Summarize governmental operating activities.
4. Summarize governmental balance sheet activities.
5. Examine governmental financial reporting.
6. Describe the basics of not-for-profit accounting and financial reporting.
7. Summarize the unique reporting for health care organizations, colleges, and universities.

Core Abilities: In addition to specific job-related training, NWTC has identified core abilities that are transferable and go beyond the context of a specific course.  This class addresses the following core abilities:

1. Learn effectively.
2. Think critically and creatively.
3. Access and use appropriate information resources.

RESPONSIBILITIES and Policies:

Student Responsibilities:  As a student of NWTC, I expect you to adhere to the policies of the college, as outlined by the Student Handbook (please see below).  You are responsible for the duties set forth in this class and to communicate any questions, comments or concerns you have to me.  Acceptable means of communication include e-mail, voicemail or through online discussion forums.  Use of correct grammar and punctuation is required in all written communications. 

Plagiarism, cheating and collusion are prohibited at NWTC.  Students who fail to observe these standards are subject to disciplinary action.  Please refer to the NWTC Student Handbook for further definitions and consequences of these behaviors, available through Student Services or on the NWTC webpage at http://www.nwtc.edu. 

Attendance:  Regular attendance will ensure that you have the maximum opportunity to participate in your education.  If you are unable to attend class, please notify your instructor.  You are responsible for obtaining materials and information for missed classes.

Class participation: Participation in class discussions and activities enhances the learning process.  You are expected to demonstrate professionalism in your work and interactions with others.

Student e-Mail:   NWTC offers a student e-mail account for all students.  You are responsible for monitoring your student e-mail account.  Student e-mail can be accessed at: https://web.mymail.nwtc.edu   Student technical assistance is available 24 hours a day, 7 days a week.  Call toll free:  (866)235-5037

Use of Electronic Devices:  Please turn off cell phones during class time.

 Disability Act Statement:  NWTC complies with all provisions of the Americans with Disabilities Act and makes reasonable accommodations upon request.  Please contact the Special Needs Office in room SC240 or call 920-498-5444 (920-498-6901 for TTY) for more information regarding the support services available to you. 

Student Rights:  For additional information regarding your rights as a student, including college policies on harassment, student rights and other services available at NWTC, please consult the NWTC Student Handbook, available through Student Services or on the NWTC webpage at http://www.nwtc.edu 

Class Cancellation:  Class cancellations will be posted as early as possible at: http://www.nwtc.edu/Cancel.nsf 

Instructor Responsibilities:  As your instructor, I commit to communicating openly and frequently with you about this class.  I will maintain a professional, safe learning environment adhering to the policies of the college.  You can expect a reply to communication, be it via e-mail, through online discussions, voicemail or in person, within 24-48 business hours.

Syllabus Changes:  As your instructor, I retain the right to make changes based on the timeline of the class, feedback from learners and/or logistical issues and will inform you as soon as a change is made.

Grading Policy:  Five Chapter Tests will be completed in class using an open-book/open-notes format.  Tests must be taken on the testing date, or a zero grade will be assigned to the test.  However, a test may be taken late once during the semester.  Students unable to take a test on the scheduled testing date should contact the instructor for alternative arrangements.  Late tests must be completed within five school days after the original test date, or a zero score will be assigned to the test.

Since the class allows for the use of notes for tests, it is beneficial to effectively summarize and organize chapter information.  For each chapter, a group of two or three students will be assigned to summarize and present important chapter information.  Each group will be assigned only one chapter to summarize.  Considerable flexibility is permitted in how this can be accomplished.  The use of PowerPoint, handouts, the internet, activities, or other learning tools in any way the group sees fit is encouraged.  This will serve as a review for the benefit of the class as a whole.  The chapter summary presentations will be assessed based upon their effectiveness in demonstrating the group’s effort in mastering course competencies.  For a group member to receive credit, he/she must be actively involved in presenting the chapter summary.  Because the purpose of chapter summary presentations is to assist the class in synthesizing information in preparation for chapter tests, they must be completed as scheduled.  No late chapter summary presentations will be accepted or graded.

Each chapter in the text has a corresponding homework assignment.  While homework assignments are not graded, they serve to reinforce important concepts and learning objectives, which ultimately support the achievement of course competencies.  The listed homework assignments are the minimum exercises and problems that should be completed.  They are to be attempted at home and then reviewed in class.

A continuous governmental problem starts in Chapter 3 and continues through Chapter 5.  This comprehensive problem requires budgetary transactions, the recording of other typical governmental transactions, year-end closing entries, and the production of both fund financial statements and government-wide statements according to the new financial reporting model prescribed in GASB Statement No. 34.  The problem will be completed as the respective chapter material is covered, and it requires significant effort and analysis.  The problem will be reviewed in class at the conclusion of the related chapters.  It may be completed in collaboration with others.  However, a finders test will be administered upon its conclusion, and this is an individual assessment.  Every effort should be made to complete the case problem finders test on its scheduled date.  Students unable to take the case problem test at the scheduled time should make other arrangements with the instructor.  A 10-point deduction will be applied to late case problem finders test scores.  Case problem Finders Test must be completed no later than the last class period of the semester

Assignments and Assessments	# of Activities	Points per Activity	Total Points Possible
Chapter Tests	5	100	500
Chapter Summary Presentation	1	50	50
Case Problem Finders Test	1	100	100
Total			650

Grading Scale: 

Percentage	Points Attained	Grade
93% - 100%	601 – 650	A
85% - 92%	549 – 600	B
77% - 84%	497 – 548	C
69% - 76%	445 – 496	D
Below 69%	0 - 444	F

Course Calendar: 

Session(s)	Date(s)	Topic	Chapter
1	4/09/08	The Foundation of Governmental and Not-for-Profit Accounting	1
1	4/09/08	Chapter 1 Summary Presentation	1
1	4/09/08	Test 1	1
2	4/16/08	The Basics of Fund Accounting	2
2	4/16/08	Chapter 2 Summary Presentation	2
2	4/16/08	Test 2	2
3	4/23/08	Governmental Operating Activity	3
3	4/23/08	Chapter 3 Summary Presentation	3
3	4/23/08	Test 3	3
4	4/30/08	Governmental Balance Sheet Accounts	4
4	4/30/08	Chapter 4 Summary Presentation	4
4	4/30/08	Test 4	4
5	5/07/08	Governmental Financial Reporting	5
5	5/07/08	Chapter 5 Summary Presentation	5
5	5/07/08	Test 5	5
7	5/14/08	Continuous & Comprehensive Problems	3 – 5
8	5/21/08	Finders Test & Pizza Party	3 – 5

 

Due Date	Topic/Competency	Activity Due	Points Possible
4/09/08	Ch. 1 - The Foundation of Governmental and Not-for-Profit Accounting	Chapter Summary Presentation	50
4/16/08	Ch. 2 - The Basics of Fund Accounting
4/23/08	Ch. 3 - Governmental Operating Activity
04/30/08	Ch. 4 - Governmental Balance Sheet Accounts
5/07/08	Ch 5 - Governmental Financial Reporting
4/09/08	The Foundation of Governmental and Not-for-Profit Accounting	Test 1	100
4/16/08	The Basics of Fund Accounting	Test 2	100
4/23/08	Governmental Operating Activity	Test 3	100
4/30/08	Governmental Balance Sheet Accounts	Test 4	100
5/07/08	Governmental Financial Reporting	Test 5	100
5/14/08	Continuing Problem & Case Problem	N/A	N/A
5/21/08	Chapters 3 – 5 Case Problem	Finders Test	100

Homework assignments are on the next page (page 6)

Please e-mail your instructor to confirm that you have read and agree to the class policies, procedures, due dates, and terms communicated in this syllabus.   Please use the e-mail listed above under Instructor Information. 

Accounting – Government/Nonprofit Assessment and Learning Activities Summary
Chapter	Learning Activities				Assessment Activities
	Homework			Case Problem	Tests	Chapter Summary Presentations	Finders Test
	Questions	Exercises	Problems
1	1 – 20	1-1, 1-2	1-2, 1-4	N/A	1	Chapter 1 – Group 1	N/A
2	1 – 15	2-1, 2-2, 2-3, 2-4, 2-5	2-1, 2-2, 2-3, 2-5, 2-6, 2-7, 2-8, 2-9, 2-10, 2-11	N/A	2	Chapter 2 – Group 2	N/A
3	1 – 15	3-1, 3-2, 3-3, 3-4, 3-5, 3-6, 3-7, 3-8, 3-9, 3-10, 3-11, 3-12	3-1, 3-2, 3-3, 3-4, 3-5, 3-6, 3-7, 3-8, 3-9, 3-10, 3-11	Ch. 3 – Problem 3-15 Sea Breeze City	3	Chapter 3 – Group 3	Finders Test on Case Problem
4	1 – 20	4-1, 4-2, 4-3, 4-7, 4-8, 4-10	4-3, 4-5, 4-6, 4-7, 4-8, 4-11, 4-12	Ch. 4 – Problem 4-16 Sea Breeze City	4	Chapter 4 – Group 4
5	1 – 15	5-1, 5-2, 5-3, 5-5, 5-6, 5-7, 5-8, 5-9, 5-10, 5-12	5-1, 5-2, 5-3, 5-4, 5-5, 5-6, 5-7, 5-8, 5-9, 5-10, 5-11, 5-12	Ch. 5 – Problem 5-16 Sea Breeze City Excel Templates Things you need to know before you start Ch 5 Problem 5-16	5	Chapter 5 – Group 5

 

Additional student on-line resources:
A.	World Lecture Hall
B.	Glossary of Accounting Terms, Acronyms, and Abbreviations - NYSSCPA
C.	Financial Accounting Standards Board (FASB), the Governmental Accounting Standards Board (GASB) and the Federal Accounting Standards Advisory Board (FASAB)
D.	Luca Pacioli - 1494 - The Father of Accounting? According to WikipediA...The Free Encyclopedia Outline of Pacioli's Treatise on Double Entry Bookkeeping
E.	The History of Accounting - ACAUS
F.	History of Accounting - Accounting Advice (the "old" set of Generally Accepted Accounting Principles?"
G.	GAAP vs OCBOA - Accounting Advice
H.	Who Was The First Accountant? "Amatino Manucci 1299, Florentine merchant, developed the first known financial records that included all major components of double entry bookkeeping"
I.	www.inette.com click on NWTC-Marinette (top of page), click on "One" on left and you are here.
Disclaimer:  This syllabus, a contract between the student and the instructor, is subject to change.  (Note:  This syllabus is based, for the most part, on the syllabus of Janet Dausey.)  Please consider this the 1st draft and when the final revision is complete I will give you a new one. Date of this revision:  Friday March 28, 2008 09:29:54 PM

Other stuff:

Fund Accounting According to Wikipedia Fund Accounting is an accounting system often used by nonprofit organizations and by the public sector

Governmental Accounting According to Wikipedia The governmental accounting system has a different focus for measuring accounting than public sector accounting. Rather than measuring the flow of economic resources, governmental accounting measures the flow of financial resources. Instead of recognizing revenue when they are earned and expenses when they are incurred, revenue is recognized when there is money available to liquidate liabilities within the current accounting period, and expenses are recognized when there is a drain on current resources.

Non-Profit Organization According to Wikipedia A non-profit organization (abbreviated "NPO", or "non-profit" or "not-for-profit") is an organization whose primary objective is to support an issue or matter of private interest or public concern for non-commercial purposes, without concern for monetary profit. A nonprofit organization may be involved in a wide range of areas relating to the arts, social issues, charities, early childhood education, healthcare, politics, religion, research, sports or some other endeavor.

GAAP for the public sector According to Wikipedia The objective of financial reporting should be the basis for determining specific accounting principles used by a governmental entity. There are 11 principles of accounting and reporting applicable to municipal governments, developed by the National Council on Governmental Accounting (NCGA). These principles are summarized below as stated in NCGA Statement 1 (Governmental Accounting and Financial Reporting Principles):

Municipal Government According to Wikipedia A township (or municipality) (in Ireland: townland) is a settlement which has been granted the status and powers of a unit of local government. Specific use of the term to describe political subdivisions has varied by country.

Copyright © 1996 - 2008 Lloyd Cook
E-mail:
BS - Managerial Accounting - UW-Green Bay.
5 year teaching certificate - Accounting/Computer Applications -
  WI Technical College System
Certified Accelerated Learning Facilitator - NWTC-Green Bay
Adjunct Instructor (MS Office, Windows XP, Digital Photography, Scanners, Internet, E-mail & Web Design,
   All Accounting Courses, Economics & Credit Procedures) - NWTC-Marinette
Adjunct Instructor (Managerial Accounting) - Silver Lake College, Manitowoc, WI (NWTC-Marinette Campus)
Adjunct Instructor (MS Office, Windows, Adobe PhotoShop, Internet, Web Design, & College For Kids) UW-Marinette.
Certified Web Master. Member of: National Society of Accountants  International Webmasters Association (IWA)
 Internet Society (ISOC)  Html Writers Guild (HWG)
Last updated Friday, March 28, 2008 Home