AIM 6365 501 10179 Governmental and Nonprofit Accounting
Professor Liliana Hickman-Riggs, CPA CITP CMA CIA CFE FCPA DABFA MS
Term

Tuesday 4:30 - 5:30 PM Thursday 4:30 \u2013 6:45 PM Friday

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 worth25+ 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.

To enhance critical thinking.
To achieve a thorough understanding of the basic concepts, philosophy, standards, procedures
and practices of the public accounting profession\u2019s 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
Texts &
Materials

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\u2019s online library database, as well as through
the rest of the Internet. The publisher also has excellent tools and information available in the

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.

Every question, exercise, problem in
each chapter covered in the course is
useful. Do as many as you can. The
solution are posted on web-CT

Chapter 10 Performance Analysis
Chapter 11 Audits of Governmental
Chapter 12 Reporting for Federal Government
Chapter 13 Budgeting and Costing

Chapter 15 NFP Organizations Regulatory Taxation
Chapter 16 Colleges, Universities
Chapter 17 Health Care Organizations

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, butn o 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.

exams as well the new ones for the last test, but will have different questions than
previously tested. The comprehensive final will count as your final exam gradean d also
will replace your lowest test grade. In the event that the comprehensive final score is
lower than your lowest test grade the first score remains as is and the comprehensive
score will be the score for test 3.

Late work is accepted but points are not awarded.
Class
Attendance

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. At the completion of
the chapter you are in possession of the material covered. To retain as much as possible,

this is the best time to prepare the \u201cone-sheet\u201d. Here are the rules:
1) Useon ly one sheet of paper\u2014
2) Give it a title:B on d s (example)
3) Divide the sheet into 3 parts (do not have to be equal)
--Content: describe the bonds in theory\u2014their essence quick and to the point
-- Major issues: sales, present value, contra accounts, amortization, issue costs,
conversion, retirement, issue with warrants, exchange
-- Impact on the financial statements
bondholders (not stockholders) interest (not dividends), leverage (not capitalization)
creditors (not partners)
You must be able to say it in one sheet:revi s e until all superfluous material has been
eliminated.