PA 111 – PUBLIC ACCOUNTING AND BUDGETING

Course Title: PUBLIC ACCOUNTING AND BUDGETING

Code: PA 111
Hours/Lecture: 1 Hours and 30 Minutes Every Session
Instructor: ABDUL HAKIM D. MAMBUAY, CGM

PUBLIC ACCOUNTING

COURSE DESCRIPTION:
In this course students learn about accounting and reporting requirements
used by government entities. The class focuses on the categorization of the major
government fund types and the terminology associated with Governmental
Accounting Standards Board (GASB) and Generally Accepted Accounting Principles
(GAAP).

COURSE AIMS:

 Define fund accounting terms and concepts.

 Describe the budgetary process in government.
 Identify the objectives of accounting and financial reporting in government and
not-for-profit entities.
 Apply governmental accounting procedures.
 Apply accounting principles for various governmental funds.
 Develop and analyse worksheets and financial reports related to
governmental organizations.

COURSE OUTCOMES:
Upon completing this course, you will have an understanding of:

 The characteristics and differences of the government environment that

necessitate the unique accounting and financial reporting.
 The process of setting accounting and financial reporting standards for
government entities.
 The bases of accounting and measurement focuses used by governments.
 Fiscal accountability.
 Exchange and no exchange transactions.
 Budgeting in government.
 Accounting and reporting in local governments, including: 
o Determining the financial reporting entity.
o Fund accounting and reporting.
o Government wide accounting and reporting.
o Accounting and reporting for specific transactions.
PUBLIC BUDGETING