Governmental Not-for-Profit Accounting - Curt Holman 

• Books - Textbook requirements for this course

• Calendar - Estimated quarter progress

• Class Competencies  - Link to class competencies.

• Class Description - Brief class description

• Course Progression - Clerk - Link to course progression for Clerk program

• Course Progression - Paraprofessional - Link to course progression for Paraprofessional program

• Course Progression - Specialist - Link to course progression for Specialist program

• Exams - Planned exam dates

• Grading - Grading scale and weight

• Homework - Specific due dates

• Syllabus  - Course syllabus detail

Syllabus - Gov & Not-for-Profit Accounting - ACC 273 (5 cr)

Quarter: Fall 2009
Instructor: Curt Holman
Class Schedule: M-F; (11:10 – 11:50), Room H311
Telephone:    425-235-7870

E-mail: cholman@rtc.edu

Web Page: http://www.rtc.edu/instruction/Accounting/welcome_page.htm

Office Hours: Room H309 (7:30A-8:00A; 2:30P-3:00P)

  Text:  Introduction to Governmental and Not-for-Profit Accounting, 5^th Edition, Ives, Razek & Hosch, Governmental Accounting, Course Outlines, 4th Edition, Bookstore, Curt Holman

Other Materials: Pencils & Eraser(s)

OBJECTIVE: Students develop skills in accounting and financial reporting for not-for-profit organizations and state and local governments. Topics include general and special fund accounting for state and local governments, hospitals, charities, foundations, colleges, and universities. This is an introductory course.  Prerequisites: Placement into ACC 273 or completion of ACC 202 with a 2.0 GPA or higher.

MAKEUP POLICY: 

Missed Assignments - only under special circumstances. Not automatically permitted.  
Make-up Exams - the general rule is "no", I want you to focus on the future, not the past.

 MISSING TIME: It is a student's responsibility to find out from other students what information or assignments were "missed" and if necessary to create a "catch up" plan. Missed time, for attendance purposes, cannot be made up.  Attendance may be taken at anytime during the period. If you come in late or leave early, it is your responsibility to immediately follow up your attendance record on that day.

TIMELINESS: Being on time is important on the job and in this class. Not only is tardiness disruptive to the classroom, the skills and habits you develop now will directly affect your future employability. The two most commonly asked questions by potential employers concern attendance and attitude!

DISABILITY:   If you are a student that has a mental or physical disability that substantially limits your ability to learn, it is recommended that you contact the Special Populations counselor in Student Services, Bldg I Room 225. The information acquired during a visit with the Special Populations Counselor is confidential and could be used to help you succeed in your program. Renton Technical College is very interest in your success.

INTERNET ASSIGNMENTS: This course will have on-line quizzes, homework checks & tests. You will need to “log in” to Moodle and then select your course.

OTHER: Food or drink – not allowed per campus policy, Cell phones and beepers – turn off please

Course Competencies

1    Identify and describe the major fund categories, fund types within each fund category, and the Comprehensive Annual Financial Report (CAFR).

2.   Use trend analysis to project future revenues.

3.   Prepare journal entries to record: Restricted Funds, Private Purpose Trust Funds, Pension Trust Funds, Investment Trust Funds, Internal Service Funds, General Funds for hospitals, Enterprise Funds, Agency Funds, for a federal agency accounting cycle, Debt Service Funds, related to patient service revenue and patient receivables, and Capital Projects Funds.

4.   Prepare the financial statements for: Private Purpose Trust Funds, Pension Trust Funds, Investment Trust Funds, Agency Funds, General Fund, Special Revenue Fund, and Permanent Funds, NFP and governmental hospitals, government-wide financial statements, Internal Service Funds, Enterprise Funds, and Debt Service Funds.

5.   Prepare the major basis of accounting adjustments needed to convert fund financial statements to government-wide statements.

6.   Prepare operating entries in the funds of a governmental unit.

7.   Prepare closing entries when a surplus or deficit occurs in the funds of a governmental unit.

8.   Account for encumbrances, liens, encumbrances outstanding at fiscal year end, investments measured for financial reporting purposes, unconditional and conditional promises to give, collections of works of art, rare books and similar assets, donor-imposed restrictions, uncollectible property taxes, prepaid expenses, four types of interfund transactions, and two methods of accounting for inventories

9.   Calculate the millage rate used by a government unit.
 

Grading Standards - Governmental Accounting

Calendar

The following calendar of events is an approximation only and may be changed at any time.