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UNIVERSITY OF TEXAS AT DALLAS SCHOOL OF MANAGEMENT Course: AIM 6365 Governmental and Nonprofit Accounting Spring 2006

Instructor: Item Campus Business Fax Email Office Hours Website Course AIM 6365 501 10102 Textbook Wilson, Kattelus, Hay, Accounting for Governmental and Nonprofit Entities 13th Edition, Irwin McGraw-Hill Miscellaneous Information Last day to drop the course with a "W": March 24, 2006 Liliana Hickman-Riggs, CPA CITP CMA CIA CFE FCPA DABFA MS Phone 972 883-5903 214 378-5400 (# to call for a timely answer) 469 232-0768 llh017100@utdallas.edu and liliana@accounting.net Tuesday 5:30 - 6:45 PM Friday 5:15 - 6:15 PM or by appointment http://www.utdallas.edu/~llh017100/ Credits 3 credit hours Time/Day Friday 6:30-9:15 pm SOM 1.212 Internet Access http://www.mhhe.com/wilson13e Location SOM 4.228

COURSE REQUIREMENTS:

1. 2. 3. 4.

Two closed examinations Problems Case Project: The City of Smithville

COMMENTS: Accounting for Governmental and Nonprofit Entities is a challenging course, which can add vastly 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 at the earliest opportunity. The Governmental Nonprofit portion on the CPA exam is worth 20+ points and it is tested on the Financial Accounting and Reporting section.

METHOD OF PRESENTATION: The theory and philosophy of accounting for Governmental and Nonprofit entities will be presented through lectures, handouts and overhead transparencies as needed. The student’s participation is essential.

ACADEMIC ETHICS: All students are expected to behave in accordance with the academic integrity policy of The University of Texas at Dallas. A student's personal integrity is essential to successfully completing this course.

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.

ATTENDANCE: Required at all classes. EXPECTATIONS: My expectations of you are the following: I expect you to obtain an understanding of the nature of governmental entities as well as to understand how the activities in a nonprofit business organization and be able to discern the motive rules and accounting that govern these entities. I also expect you to focus on the audit part of these entities and be well aware of the increased responsibilities of the auditor under GAAS, GAGAS, and SAA. I will hold you responsible for a thorough understanding of all material presented in class as well as all text material, any additional handouts that I may provide, and any assigned material. The knowledge you will need in this class will not accrue only from your textbook. I expect you to perform research and acquire knowledge or information to supplement the issues presented or discussed in class. I expect you to participate. My responsibilities: Ø I will prepare diligently. I will introduce the concepts and mechanics with examples and lectures. I will also go over selected problems to help you become comfortable with the material. I will use a mixture of lecture and problem solving, analysis and common sense. Ø I will always make time to answer your questions. Ø I will ensure an equitable distribution of “air time” for your comments and questions so that you will perceive yourself as an equity holder in the learning process. Ø I will motivate you to prepare for class and offer you a structured and organized framework that fosters learning and growth. RULES OF CONDUCT: a) I expect you to be present in class. b) Any time you are not in class, your learning will suffer. I am not addressing those of you who have the occasional business requirement to travel or to work late. I am referring to multiple absences. They will have an adverse impact on your grade. c) You will be required to participate in the solution of the problems. A silent, non-participatory approach is not acceptable. d) I expect you to do as you do in the business world; seek help and advice when necessary, and provide help and advice when asked.

EXAMINATIONS: There will be two closed book, closed notes examinations, each covering the corresponding chapters in the schedule. Exam dates are firm. Each test is a combination of problems, matching questions, communication (essays) and MC. Grading Scale: Minimum Value: A 270, B 240, C 210 Two closed books and closed notes examinations: Midterm exam Final exam Case Problems (3) Project Total possible points from requirements

100 100 20 30 50 300

Problems: Must be submitted via WebCT by midnight of the due day. Webct will acknowledge the receipt of your assignments and I will correct your work at a later time. Be careful, strange things tend to happen in cyberspace. If you have any problems, please contact me.

PROJECT: The City of Smithville (included with the text) is a computerized accounting system that will allow you to record transactions into appropriate journals of a city, post in the ledgers and prepare financial statement from the data. You will present for grading the complete work done in paper form and in CD/Diskette form.

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 3 to 5 page paper along with 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. GRADING CRITERIA for the Case: Make A Wise Investment: The analysis will be graded based on the following criteria: 1. Mastery of Accounting Concepts Thorough understanding of Accounting Principles, GASB standards, and their applications. 2. Responsiveness to the Assignment 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

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. AMERICANS WITH DISABILITIES ACT COMPLIANCE: It is the policy of The University of Texas at Dallas to provide reasonable accommodations for qualified individuals who are students with disabilities. This University will adhere to all applicable Federal, State and local laws, regulations and guidelines with respect to providing reasonable accommodations as required to afford equal educational opportunity. It is the student's responsibility to contact the faculty member and/or the Service for Students with Disabilities in a timely manner to arrange for appropriate accommodations

Accounting 6365 Governmental and Nonprofit Accounting Schedule Outline Spring 2006
(Modifications on timing and assignments will be made if necessary at the discretion of the instructor)

MONTH Jan

DAY 13 20 27

SUBJECT MATTER Introduction of the course & Chapter 1 Chapter 2 Chapter 3 General fund, Operating & budgetary accounting (Part 1) Chapter 3 General fund, Operating & budgetary accounting (Part 2) Chapter 4 Operating activities (Part 1) Chapter 4 Operating activities (Part 2) Chapter 5 Special Revenue fund General Capital Assets, Capital Project fund Problem 1 due by February 9, 2006

HOMEWORK

2 – E 1, 2, 4 3 – E 2, 3, 4, 7 3 – E 2, 3, 4, 7 4 – E 2, 3, 4, 5, 7, 8 4 – E 2, 3, 4, 5, 7, 8 5 – E 1, 2, 3, 4, 7

Feb

3

10 17 24 March 3

Midterm Exam (Part A) Chapters 1-5 MC only Please bring Scantron Form 882-E
Chapter 6 Debt Service Fund Chapter 7 Internal Service & Enterprise fund Chapter 8 Fiduciary funds Problem 2 due by March 12, 2006 6 – E 2, 7, 9 7 – E 2, 3, 4 8 – E 2, 3, 5, 7, 10

Midterm Exam (Part B) Chapters 6-8 MC and Chapters 1-8 Problems Please bring Scantron Form 882-E
SPRING BREAK – NO CLASS Chapter 10 Performance Analysis Chapter 11 Audits of Governmental Chapter 9 Financial Reports Chapter 12 Reporting for Federal Government Chapter 13 Budgeting and Costing Chapter 14 Not for Profit Organizations (Part 1) Problem 3 due by April 6, 2006 Chapter 14 Not for Profit Organizations (Part 2) Chapter 15 NFP Organizations Regulatory Taxation Chapter 16 Colleges, Universities Chapter 17 Health Care Organizations Case and Smithville Project is collected (Paper and CD/Diskette) 10 – E 1 11 – E 1, 2, 3, 4 9 – E 2, 3, 4, 5, 6, 7 12 – E 1 13 – E 1 14 – E 1, 6, 7 14 – E 1, 6, 7 15 – E 1, 2, 4 16 – E 1, 2 17 – E 1, 7

17 24 31

Apr

7 14 21 28

Final exam, Chapters 9-17 Plus one long problem from chapters 1-8 Please bring Scantron Form 882-E