COLLEGE OF BUSINESS ACCOUNTANCY AND ENTREPRENUERSHIP

COURSE NAME: ACCOUNTING FOR GOVERNMENT AND NON-PROFIT

ORGANIZATIONS

COURSE CODE:

PREREQUISITE:

COURSE CREDITS: 3 UNITS

CONTACT HOURS:54 HOURS

COURSE DESCRIPTION: This is a specialization course designed to provide students with

accounting knowledge and skills that are applicable to the financial reporting of government
entities and non-profit entities.The financial reporting of government entities is governed by
the Government Accounting Manual for National Government Agencies (NGAs) as
promulgated by the Commission on Audit (COA). The financial reporting of non-profit
entities is governed by the Philippine Financial Reporting Standards (PFRS).

GENERAL OBJECTIVES:Upon completion of this course, the learners are expected to:
1. Demonstrate knowledge, skills and positive attitudes to the concepts and principles of
financial reporting for government entities and non-profit organizations as applied to real
life situations.
2. Identify and differentiate the principles used in the financial reporting of government
entities and non-profit organizations from those used by business entities.
3. Manifest understanding how the government obtains funds and utilize those funds in
accordance with relevant laws, as well as with generally accepted principles and
practices of accounting, management and fiscal administration.
4. Demonstrate knowledge and skills in recording transactions and preparing general
purpose financial statements of government entities.
5. Manifest understanding on how non-profit organizations report on their stewardship over
the resources they have received as contributions from third parties.

Course Code: Course Description: Effectivity: Date revised: Page 1 of 10

BAC 118 Accounting for Government 2nd Sem., SY 2017- Sept. 10, 2017
and Non-profit 2018
Organizations
 I. DETAILED COURSE OUTLINE

Learning Content Topic Learning OBE Time Evaluative

Goals Outcomes Methodologies Allotme Measures
nt
FIRST GRADING COVERAGE 16 hrs.
To instill OVERVIEW OF The learners 1. Lecture/PowerPoi 2 hrs. 1. Seat works
knowledge GOVERNMENT are expected nt presentation 2. Recitation
to ACCOUNTING to be able to: 2. Application of 3. Assignmen
students 1. Responsibilit 1. Differentia concepts ts
regarding y, te 3. Classroom Q&A 4. Quiz
the Accountabilit governme
financial y and nt
reporting Liability over accounting
framework government from the
of funds and accounting
governme property for
nt entities. 2. Accounting business
responsibilit entities.
y 2. State the
3. The GAM for governme
NGAs nt entities
4. Basic charged
accounting with
and budget accounting
reporting responsibil
principles ity.
5. Qualitative 3. Describe
characteristi briefly the
cs GAM for
6. Elements of NGAs.
financial 4. State the
statements basic
principles
used in
governme
nt
accounting
.
5. State the
recognitio
n criteria
for assets.
To provide THE BUDGET The learners 1. Lecture/PowerPoi 2 hrs. 1. Seat works
students PROCESS are expected nt presentation 2. Recitation
with an 1. The to be able to: 2. Application of 3. Assignmen
overview national 1. Enumerate concepts ts
of the budget. the steps 3. Classroom Q&A 4. Quiz
governme 2. The budget in the
nt budget cycle. budget
process process.
2. Describe
briefly the
principles
of
responsibil
ity
 accounting
.

To develop in THE The learners 1. Lecture/PowerPo 8 1. Seat

the students GOVERNMENT are expected int presentation hrs works
the skills of ACCOUNTING to be able to: 2. Application of . 2. Recitation
recording PROCESS 1. Record the concepts 3. Assignmen
government 1. Books of basic 3. Classroom Q&A ts
transactions accounts and transaction 4. Quizes
and preparing Registries s of a
the basic 2. Basic governmen
financial Recordings t entity.
statements of 3. The Revised 2. Prepare a
statement of Chart of worksheet.
financial Accounts
position and 4. The
statement of government
financial accounting
performance cycle

To instill REVENUES AND The learners 1. Lecture/PowerPo 2 1. Seat

knowledge to OTHER are expected int presentation hrs works
students RECEIPTS to be able to: 2. Application of . 2. Recitation
regarding the 1. Fundamental 1. State the concepts 3. Assignmen
sources of,and principles for sources of 3. Classroom Q&A ts
accounting for, revenue revenue of 4. Quiz
revenues and 2. Sources of a
other receipts Revenue governmen
of government 3. Other t entity.
entities receipts 2. State the
recognition
and
measurem
ent of
revenue.
To instill DISBURSEMEN The learners 1. Lecture/PowerPo 2 1. Seat
knowledge to TS are expected int presentation hrs works
students 1. Fundamental to be able to: 2. Application of . 2. Recitation
regarding the principles for 1. State the concepts 3. Assignmen
modes of, and disbursement main 3. Classroom Q&A ts
accounting of public concepts in 4. Quiz
for,disbursemen funds. the
ts of 2. Authority to disbursem
government disburse ent of
funds. 3. Basic governmen
requirements t funds.
and 2. Account for
certifications the
for different
disbursement modes of
s disbursem
4. Modes of ents.
disbursement
s
FIRST GRADING EXAMINATION 2
hrs
.
 Sub-total hrs. 18
hrs
.
16
MIDTERM COVERAGE hrs
.
To instill FINANCIAL The learners 1. Lecture/PowerPoi 4 1. Seat
knowledge to ASSETS are expected nt presentation hrs works
students 1. Cash and to be able to: 2. Application of . 2. Recitation
regarding cash 1. Define a concepts 3. Assignmen
theaccounting equivalents financial 3. Classroom Q&A ts
for financial 2. Receivables asset and 4. Quiz
assets 3. Investments give
4. Derivatives examples.
2. Account
for cash
and cash
equivalent
s.
3. Account
for
receivable
s.
4. Account
for
investmen
ts.

To instill INVENTORIES The learners 1. Lecture/PowerPoi 2 1. Seat

knowledge to 1. Measuremen are expected nt presentation hrs works
students t to be able to: 2. Application of . 2. Recitation
regarding the 2. Cost 1. Account concepts 3. Assignmen
accounting for formulas for 3. Classroom Q&A ts
and disposition 3. Procedures inventories 4. Quiz
of inventories in the receipt by a
by government and governme
entities disposition of nt entity.
inventories 2. Describe
by the
government procedures
agencies in the
receipt
and
disposition
of
inventories
by a
governme
nt entity.
To instill AGRICULTURE The learners 1. Lecture/PowerPoi 2 1. Seat
knowledge to 1. Recognition are expected nt presentation hrs works
students and to be able to: 2. Application of . 2. Recitation
regarding the measuremen 1. Differentia concepts 3. Assignmen
accounting for t te 3. Classroom Q&A ts
biological 2. Determinatio between 4. Quiz
assets and n of fair the
agricultural value following:
produce. 3. Disclosures biological
 assets,
agricultura
l produce
and
inventory.
2. State the
initial and
subsequen
t
measurem
ents of
biological
assets and
agricultura
l produce.

To instill INVESTMENT The learners 1. Lecture/PowerPoi 2 1. Seat

knowledge to PROPERTY are expected nt presentation hrs works
students 1. Recognition to be able to: 2. Application of . 2. Recitation
regarding the and 1. Define an concepts 3. Assignmen
accounting for measuremen investmen 3. Classroom Q&A ts
investment t t property 4. Quiz
property 2. Transfers and give
3. Derecognitio examples.
n 2. State the
4. Impairment initial and
subsequen
t
measurem
ents of an
investmen
t property.
3. Account
for the
impairmen
t of
investmen
t property,
and the
reversal
thereof.
To instill PROPERTY, The learners 1. Lecture/PowerPoi 4 1. Seat
knowledge to PLANT AND are expected nt presentation hrs works
students EQUIPMENT to be able to: 2. Application of . 2. Recitation
regarding the 1. Recognition 1. State the concepts 3. Assignmen
accounting for and initial and 3. Classroom Q&A ts
and disposition measuremen subsequen 4. Quiz
of property, t t
plant and 2. Items of PPE measurem
equipment by peculiar to ents of
government government items of
entities. entities PPE of
3. Idle, fully governme
depreciated, nt entities.
unserviceabl 2. Describe
e and lost the
PPE following
4. Procedures and state
 in the receipt their
and peculiar
disposition of accounting
PPE by requireme
government nts:
agencies Heritage
5. Borrowing Assets,
costs Infrastruct
ure
Assets,
and
Reforestati
on
Projects.
3. Account
for
Borrowing
Costs by a
governme
nt entity.
To instill INTANGIBLE The learners 1. Lecture/PowerPoi 2 1. Seat
knowledge to ASSETS are expected nt presentation hrs works
students 1. Recognition to be able to: 2. Application of . 2. Recitation
regarding the and 1. Define concepts 3. Assignmen
accounting for measuremen intangible 3. Classroom Q&A ts
intangible t assets. 4. Quiz
assets. 2. Impairment 2. State the
3. Derecognitio recognition
n , and
account
for the
initial and
subsequen
t
measurem
ents, of
intangible
assets.
MIDTERM EXAMINATION 2
hrs
.
Sub-total hrs. 18
hrs
.
16
FINALS COVERAGE hrs
.
To instill LIABILITIES The learners 1. Lecture/PowerPoi 2 1. Seat
knowledge to 1. Financial are expected nt presentation hrs works
students liabilities to be able to: 2. Application of . 2. Recitation
regarding the 2. Provisions, 1. State the concepts 3. Assignmen
accounting for contingent recognition 3. Classroom Q&A ts
liabilities liabilities and criteria for 4. Quiz
contingent liabilities.
assets 2. State the
initial and
subsequen
t
 measurem
ents of
financial
liabilities.
3. State the
measurem
ent of
provisions,
contingent
liabilities
and
contingent
assets.

To instill LEASES The learners 1. Lecture/PowerPoi 2 1. Seat works

knowledge 1. Finance are expected nt presentation hrs. 2. Recitation
to students leases to be able to: 2. Application of 3. Assignment
regarding 2. Operating 1. Differentiat concepts s
the leases e between 3. Classroom Q&A 4. Quiz
accounting a finance
for leases lease and
an
operating
lease.
2. Account for
finance
leases by
lessees
and by
lessors.
3. Account for
operating
leases by
lessees
and by
lessors.
To develop FINANCIAL The learners 1. Lecture/PowerPoi 4 1. Seat works
in the STATEMENTS are expected nt presentation hrs. 2. Recitation
students the 1. General to be able to: 2. Application of 3. Assignment
skills of principles 1. State the concepts s
preparing a 2. Statement of general 3. Classroom Q&A 4. Quiz
complete financial principles
set of position in the
general 3. Statement of presentatio
purpose financial n of
financial performance financial
statements 4. Statement of statements
of a changes in .
government net 2. Prepare a
entity assets/equity complete
5. Statement of set of
cash flows general
6. Statement of purpose
comparison of financial
budget and statements
actual of a
amounts governmen
7. Notes to t entity,
 financial including
statements partial
8. Other reports notes to
the
financial
statements
.
3. Describe
the
accounting
and
disclosure
requiremen
ts for
events
after the
reporting
date,
changes in
accounting
policies,
changes in
accounting
estimates,
and
correction
of errors.
4. State the
“other
reports”
prepared
by
governmen
t entities.
To instill MISCELLANEOU The learners 1. Lecture/PowerPoi 2 1. Seat works
knowledge S TOPICS are expected nt presentation hrs. 2. Recitation
to students 1. Service to be able to: 2. Application of 3. Assignment
regarding concession 1. Account for concepts s
the arrangements Service 3. Classroom Q&A 4. Quiz
accounting by grantor Concession
for special 2. Interests in Arrangeme
activities of joint ventures nts by
government 3. The effects of Grantor.
entities changes in 2. Account for
foreign Interests in
exchange Joint
rates Venture.
3. State the
accounting
for The
Effects of
Changes in
Foreign
Exchange
Rates
To instill NON-PROFIT The learners 1. Lecture/PowerPoi 6 1. Seat works
knowledge ORGANIZATION are expected nt presentation hrs. 2. Recitation
to students S to be able to: 2. Application of 3. Assignment
 regarding 1. Current trend 1. Explain the concepts s
the current in practice applicabilit 3. Classroom Q&A 4. Quizes
trend in the 2. Characteristic y of the
accounting s of an NPO PFRSs to
for non- 3. PFRS NPOs.
profit principles 2. Account for
organization applicable to the assets,
s NPOs liabilities,
4. Accounting equity,
for NPOs revenues
5. Financial and
statements of expenses
NPOs of NPOs.
6. Accounting 3. Enumerate
procedures and
peculiar to describe
specific types the
of NPOs financial
statements
of NPOs.
4. State the
accounting
procedures
peculiar to
specific
types of
NPOs.
FINAL EXAMINATION 2
hrs.
Sub-total hrs. 18
hrs.
TOTAL HRS. 54
HRS
.
II. GRADING SYSTEM:

For Professional Board Examination Subjects: the cut-off score is 70%. The highest possible grade is
ninety-nine (99); the lowest passing grade is seventy-five (75); and the lowest failing grade is sixty-
five (65).

Midterms: Class standing = 60%; Exam = 40%

Finals: Class standing = 60%; Exam = 40%
( Final Grade 60% Midterm Grade) + 40% Final grade

TEXTBOOK
Millan, Zeus Vernon B.,Government Accounting and Accounting for Non-profit Organizations(2018),
Philippines: Bandolin Enterprise

REFERENCES
Government Accounting Manual for National Government Agencies (GAM for NGAs), Philippines:
Commission on Audit, 2016

Philippine Public Sector Accounting Standards (PPSAS), Public Sector Accounting Standards Board
(PSAcSB), Office of the COA Chairman
WEBSITE REFERENCES
https://www.coa.gov.ph/
http://www.iasplus.com/
http://www.picpa.com.ph/

Prepared by:

CRESENCIO A. LAURENTE

Noted by:

DR. JONATHAN DE JESUS

DEAN