AC 426.01 Governmental and Nonprofit Accounting           Prof. Haugen

Syllabus                                                                        Office:  WBC 105

Winter term 2007                                                           Phone:  Ext. 8419

 

 

COURSE OBJECTIVES

 

  1. To develop an understanding of accounting for transactions and financial reporting for governmental entities.

 

  1. To develop an understanding of accounting for transactions and financial reporting for nonprofit entities.

 

  1. To develop an appreciation for the environment in which governmental and nonprofit entities operate and the information needs of users of their financial statements.

 

 

REQUIRED TEXTBOOK

 

Essentials of Accounting for Governmental and Not-for-Profit Organizations, by Copley and Engstrom, 8th edition, McGraw-Hill/Irwin

 

 

ASSIGNMENTS

All assignments for the term are listed on the assignment sheet which is attached. 

All assignments should be completed, to the best of your ability, prior to coming to class.

 

 

ATTENDANCE AND CLASS PARTICIPATION

Class preparation, attendance, and participation are expected every day.

 

 

EXAMS

There will be three exams given during the term.  NO makeup examinations will be permitted unless the instructor is notified prior to the time of the examination and the instructor is satisfied that the excuse is legitimate and acceptable.

 

 

QUIZZES

Quizzes may be given occasionally on an unannounced basis.

 

GRADING

 

               Exam I  February 6                                                    80 points

               Exam II  March 1                                                     100 points

               Exam III  April 17                                                       80 points

               Quizzes- unannounced                                            0-60 points

               Class attendance and participation                              20 points

               Practice Case – handout                                            60 points

                                                                                        --------------------

               Total                                                                 340-400 points

 

 

Letter grades will be assigned at the end of the term in accordance with policies stated in the Wartburg College Academic Catalog.

 

 

PRACTICE CASE

A practice case will be distributed in class.  Due dates for sections of the case will be announced in class.

 

 

ACADEMIC INTEGRITY

Wartburg Honor Code

 

As a matter or personal commitment, students, faculty, and staff of Wartburg College are expected to demonstrate four simple principles:

1)  All submitted work must be your own.

2)  When using the work or ideas of others, including fellow students, provide full credit through accurate citations.

3)  Ask for clarification if there is uncertainty about citation rules on a particular assignment.

4)  Maintain academic honesty on examinations and class assignments.

 

Source:  The Honor Code, as approved by the faculty and Student Senate.

 

Cheating will not be tolerated.  Students found cheating on any assignment, quiz, or examination will receive a grade of zero for that assignment, quiz or examination.

 

 

 

OFFICE HOURS:

 

               Monday – 1:15 -2:20 and 3:45 – 4:45.

               Tuesday – 1:00 – 2:00

               Wednesday – 12:00 – 1:05

               Thursday – 9:30 – 10:30

               Friday – 1:15 – 2:20,

               and by appointment.

 

 

SPECIAL NEEDS:

The Americans with Disabilities Act of 1990 (ADA) provides protection from illegal discrimination for qualified individuals with disabilities.  Students requesting instructional accommodations due to disabilities must arrange for such accommodations by contacting the Dean of Students Alexander (Lex) Smith.  He can be reached at the Student Life office, Wartburg College, Saemann Student Center 195, 352-8260, <Alexander.smith@wartburg.edu>.  Accommodations should be requested PRIOR to affected assignment due dates. 

 

 

 

 

Governmental and Nonprofit Accounting

 

 

Assignment Sheet      Winter 2007       Haugen

 

 

 

January

9

Introduction

 

11

Study Chapter 1.  Exs. 1-5 & 1-8.  Study Chapter 2.   Exs. 2-4 & 2-5.

 

 

 

 

17

Study Chapter 3.  Exs. 1-2 & 2-2.  Exs. 2-7 & 2-8.

 

19

Exs. 3-4, 3-5 & 3-8 part a.  Study Chapter 4.  Ex. 4-5.

 

 

 

 

23

Ex. 2-9.  Ex. 3-2.  Exs. 4-2 & 4-4.                                                                                                                                                                                                           Problem 4-C part 1, journal entries 1-10.

 

25

Problem 4-C part 1, journal entries 11-20.  Problem 4-C part 2,  requirements a & b.  Study Chapter 5 - pages 126-134.

 

 

 

 

30

Problem 4-C part 2, requirements c, d, & e.  Study Chapter 5 - pages 135-145.  Ex. 5-2.  Ex. 5-4 part a.  Problem 5-C part 1 - prepare journal entries

February

1

Problem 5-C part 2 - prepare journal entries.  Problem 5-C part 3 - requirements a, b, & c.

 

 

 

 

6

    Exam I   chapters 1 through 5.

 

8

Study chapter 6.  Ex. 6-2.  Ex. 6-5 part a.

 

 

 

 

13

 Ex. 6-5 parts b, c, & d.  Ex. 6-6 part a.  Ex. 6-9 part b.

 

15

Study Chapter 7.  Exs. 7-2, 7-3, 7-8, & 7-11.

 

 

 

 

20

Ex. 7-5 part a.     Ex. 7-9 part a.

 

22

Ex. 7-5 part b.  Study Chapter 8.  Exs. 8-2 & 8-4.

 

 

 

 

27

Exs. 8-3, 8-6, & 8-9.

March

1

      Exam II    Chapters 1 through 8.

 

 

 

 

6 & 8

   Winter term break.  No classes.

 

 

 

 

13

Study Chapter 10.

 

15

Exs. 10-1 & 10-4.   Ex. 10-12 part a.

 

 

 

 

20

Ex. 10-2.  Ex. 10-10.  Ex. 10-12 parts b & c.

 

22

Ex. 10-12 part d.  Study Chapter 11.

 

 

 

 

27

Exs. 11-1 & 11-3.  Ex. 11-8 part a.

 

29

Ex. 11-7.  Ex. 11-8 parts b & c.  Study Chapter 12.  Ex. 12-1.

 

 

 

April

3

Ex. 12-9 part a.

 

5

Ex. 12-9 parts d, e, & f.

 

 

 

 

10

Exs. 12-5 & 12-8.

 

12

To be used as needed.

 

 

 

April

17

 3:00 p.m.    Exam III      Chapters 10, 11 & 12.