Course Snapshot for ACC216 - Governmental and Not-for-Profit Accounting
The information listed below is subject to change. Please review the course syllabus within your online course at the start of class.
Course Competencies
The competencies you will demonstrate in this course are as follows:
- Describe the concepts and principles used in government and not-for-profit accounting and financial reporting.
- Describe the concepts and principles of fund accounting.
- Analyze transactions in relationship to the fund accounting.
- Describe the concepts and principles of budgeting and control.
- Use cost information for management and control case studies.
- Complete end-of-period work including preparing financial reports and closing entries.
- Analyze, calculate, and journalize transactions relating to capital projects and debt service.
- Describe the accounting and reporting issue for long-lived assets and investments in marketable securities.
- Analyze, calculate, and journalize transactions relating to long-term obligations.
- Analyze and prepare journal entries for business-type activities.
- Describe the accounting and reporting issue for fiduciary funds.
- Analyze, calculate, and journalize transactions relating to current liabilities.
- Issues of Reporting, Disclosure, and Financial Analysis.
- Formulate responses to ethical situations involving governmental and not-for-profit accounting.
Module Outcomes Mapped to Competencies
Module 1 Learning Outcomes |
Mapped to Course Competencies (above) |
| Explain why and how the five governmental funds are used. | 1, 2 |
| Prepare accounting entries for common transactions and events. | 3, 5, 7, 8, 9, 12 |
| Complete financial statements for the five governmental funds. | 5, 6 |
| Formulate responses to ethical situations involving governmental accounting. | 14 |
Module 2 Learning Outcomes |
Mapped to Course Competencies (above) |
| Identify and explain why and how proprietary funds are used. | 10 |
| Identify and explain why and how fiduciary funds are used. | 11 |
| Prepare entries and financial statements for proprietary and fiduciary funds. | 3, 5, 6, 8, 9, 10, 11,12 |
| Formulate responses to ethical situations involving governmental accounting. | 14 |
Module 3 Learning Outcomes |
Mapped to Course Competencies (above) |
| Identify and explain why and how proprietary funds are used. | 10 |
| Identify and explain why and how fiduciary funds are used. | 11 |
| Prepare entries and financial statements for proprietary and fiduciary funds. | 3, 5, 6, 8, 9, 10, 11, 12 |
| Formulate responses to ethical situations involving governmental accounting. | 14 |
Module 4 Learning Outcomes |
Mapped to Course Competencies (above) |
| Describe the major sections of the Comprehensive Annual Financial Report. | 13 |
| Define the rationale and basic principles of government-wide financial statements. | 1 |
| Prepare financial statements on both a fund and government-wide basis. | 5, 6 |
| Formulate responses to ethical situations involving governmental accounting. | 14 |
Module 5 Learning Outcomes |
Mapped to Course Competencies (above) |
| Describe not-for-profit revenue, expense and net asset accounting. | 1 |
| Prepare journal entries and financial statements for not-for-profit entities. | 5, 6, 13 |
| Analyze governmental and not-for-profit financial data. | 13 |
| Formulate responses to ethical situations involving not-for-profit accounting. | 14 |
Course Time Commitment and Expectations
For every credit hour, students should plan to spend an average of 2-3 hours per week for course-related activities in a 15-week course. For example, a 3 credit hour course would average an average 6-9 hours per week to read/listen to the online content, participate in discussion forums, complete assignments, and study the course material. For 10 and 6-week courses, the amount of time per week will be higher so all course competencies, module outcomes, and assignments will be covered.
Aside from typical reading assignments, this course has the following (Please Note: This list is subject to change based on the discretion of the instructor facilitating this course.):
| Assignment | Points |
|---|---|
| Introductory Discussion | 6 |
| Introductory Assignment | 6 |
| Discussions (10 @ 20 points each) | 200 |
| Chapter Assignments (12 @ 18 points each) | 216 |
| Check Solutions (12 @ 6 points each) | 72 |
| Exams (5 @ 100 points each) | 500 |
| TOTAL | 1000 |
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- There is navigation consistency across all CCCOnline courses.
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