If any member of the class feels that he/she has a disability and needs special accommodations, please advise the instructor of such disability at the first class attended.

Instructor: Dr. John P. Yeütter, Ph.D., C.P.A., CFP^®
Office: BT 114
Phone: 918-444-2968
Personal Phone (918) 931-8257
E-Mail: yeutter@nsuok.edu
Class Hours: 1100-1215 TTh
Office Hours: 1000-1100 MTWRF & 1400-1500 M&T
Text: Granof, Government & Not-For-Profit Accounting: Concepts & Practices ISBN 978-0-470-08734-3
It is also recommended that the student have a financial calculator for all class meetings. For Examinations, numeric-display-only calculators may be used only. Calculators or other electronic devices capable of displaying text and/or graphics are prohibited.

DESCRIPTION: Accounting for governmental and not-for-profit entities. Emphasis on state and local government accounting. Prerequisite: ACCT 2203.
Prerequisites: ACCT 2203 .

COURSE PURPOSE:

OBJECTIVES

• Identify the sections of the comprehensive annual financial report (CAFR).
• Identify the minimum required financial statement components under generally accepted accounting principles (GAAP).
• Define the three categories of funds and the eleven generic funds within the three categories.
• Understand when to recognize revenues and expenditures under the modified accrual basis of accounting.
• Understand the difference between interfund loans and interfund transfers.
• Understand the form and content of a governmental fund balance sheet.
• Understand the form and content of a proprietary fund statement of net assets.
• Understand the form and content of a fiduciary fund statement of net assets.
• Understand the Generally Accepted Accounting Principles (GAAP) and statutory basis of accounting for encumbrances.

EXPECTED OUTCOMES: Upon completion of this course, the student should be able to perform the following at the level of an entry level accountant/auditor without significant experience:

• Record a Budget for a local government
• Record encumbrances for for a local government
• Record exchange and nonexchange revenues for a local government
• Record expenditures for a local government
• Record interfund transfers for a local government
• Record bond proceeds and leases for a local government

PARTICIPATION: Participation is an important part of the learning process. Being able to pose questions or propose solutions based upon reading or experience is a major portion of active learning and displays more than the ability to memorize, but also the ability to relate what has been read to the real world. Therefore, I expect students to have read the appropriate material before class time, and to come prepared with their questions concerning content and applications. Reading assignments are considered preparation for the lecture period. The student is responsible for all material assigned even if not discussed in class.

EVALUATION: Students will be evaluated in several different ways throughout this course.

• EXAMS: There will be two (2) in-class exams, and a final exam. The final exam will include both the information covered since the last exam, and an overview of the course. These will test your ability to integrate the knowledge discussed and apply it to situations.
• HOMEWORK: Practice of accounting is a necessary part of the learning process. For each chapter, Two different sets of questions are assigned. First, the Multiple Choice questions from the text are assigned for each chapter. These are to be submitted on Blackboard, and will be due at the beginning of class on the Tuesday of the week the Chapter is discussed.
• Cumulative Project: The practice set assignments #2-5 found on the text Student companion site are required. These can be done using either the softwared supplied in the textbook, or using some other method, including manual posting.
• CAFR ANALYSIS: Students will obtain a copy of the audited financial statements for the city of which they are residents, or with which they have a connection. The discussion of these statements as proposed by the "Continuing Problem" at end of chapter will be a part of our class discussion.Note: The City of Austing CAFR is available on the text Student companion site. I have a copy of the City of Tulsa CAFR in my office. Some cities may have chosen not to have a full CAFR.

GRADING: Grades will be based upon formal written examinations and projects
Examinations and assignments are assigned points as follows:
 200 TWO OBJECTIVE EXAMS
 200 FINAL EXAM
 200 Project
 100 CAFR Discussion in Class
 300 QUIZZES
1,000 TOTAL POINTS

Grades will be assigned according to the following schedule:
A: > 92% B: 84 - 91% C: 76 - 83% D: 68 - 75%
Assignments are due at the end of class.
Late assignments are never accepted.
Any grade appeal must be made within four months after the end of the semester.

1. Class participation means interaction with fellow students and the instructor--not simple presence. Class comments will reflect reading and honest consideration of the viewpoints of fellow students.
2. Written examinations and the final exam will constitute the formal written evaluation instruments utilized in this course. Missed Exams cannot be made up.
3. Performance on examinations and subsequent cumulative course averages will be based upon definitive grade values as indicated: A: > 92% B: 84 - 92% C: 76 - 83% D: 68 - 75%
4. The final examination will be administered on Thursday, July 28, 2005.
5. Students are advised that pursuant to the Academic Calendar, published in the NSU Fall Schedule, the last date during this semester when they may drop a course with an automatic "W" will be April 14, 2010. If you decide to drop after this date, you will receive the grade you have earned up to the drop date. The grade of "W" will be assigned if your grade is a "D" or higher; and an "F" will be assigned if you have stopped attending and have not turned in assignments or have not taken scheduled exams prior to the drop date.
6. Grades for assignments will be posted on Blackboard in the Gradebook. Students wishing to visit with the professor about their standing in the class may visit him in his office which is located in the Business and Technology Building, Room BT-114. Office hours indicated above are also posted adjacent to the door.
7. Pursuant to Federal Law, The Federal Educational Rights and Privacy Act, no information about students or grades will be disclosed except through secure, verifiable communications. Communications by telephone and e-mail are not considered secure, and requests for information concerning grades by this means wil not receive a response.
8. No work will be accepted at any other time or place than in class and at the appointed time. Assignments slid under the office door, or placed in a campus mailbox will be lost and never graded.

INDEPENDENT PRODUCTION: Unless specifically specified as part of the assignment, I expect that all students will work and complete assignments independently. Students who present assignments whose work appears to have been prepared through collaboration will receive a zero (0) for that assignment.

ACADEMIC MISCONDUCT: Academic misconduct includes cheating (using unauthorized materials, information, or study aids in any academic exercise), plagiarism, falsification of records, unauthorized possession of examinations, intimidation, and any and all other actions that may improperly affect the evaluation of a student’s academic performance or achievement, or assisting others in any such act or attempts to engage in such acts. Academic misconduct in any form is inimical to the purposes and functions of the University and therefore is unacceptable and prohibited.
Students violating the standards of academic honesty in this class will be subject to disciplinary action including, but not limited to: reduction of a grade(s) in a specific course, assignment, paper, or project; a formal or informal reprimand at the professorial, dean, or academic vice president level; expulsion from the class in which the violation occurred; expulsion from a program; or expulsion from the University.

ATTENDANCE: Consistent and punctual attendance is both expected and required for your successful completion of the course. Failure to attend class will affect the grade. ALL absences will indirectly reflect the grade due to the quality of work and material missed. A student is not allowed to miss any class periods without a direct penalty. Beginning with the first class missed, a one percent (1%) penalty will be deducted per class missed from the final grade. In addition, any student arriving late to class, or leaving early from class will be assessed a one half percent (1/2%) penalty from their final grade.
Under the VERY MOST EXTREME EXIGENT CIRCUMSTANCES, this penalty may be waived. To receive a waiver, students requesting relief under this clause must provide independent verification of these circumstances, in writing, within two (2) days of the missed class period. Students will be expected to make up any work missed as a result of absence, whether or not the absence was justified. In-class exercises and quizzes may not be made up.

ASSIGNMENT DUE DATES: The Online Quizzes are due before 1100 on Tuesday. No work will be accepted at any other time or place than in class and at the appointed time. Assignments slid under the office door, emailed, or sent through a digital drop box, will be lost and never graded.

Reading assignments are considered preparation for the lecture period. The student is responsible for all material assigned even if not discussed in class. Quizzes over assignments may be given without prior announcement. Projects turned in late will be charged a 10% "late filing" penalty. Late quizzes, or quizzes missed will not be graded.

MISSED TESTS AND LATE ASSIGNMENTS: I believe that feedback is an important part of the learning process, and therefore expect to return exams and projects to you within two (2) days of the due date. Typically, I provide the answers to the examination to students upon exit from the exam. This poses a problem for those who are unable to take exams at the scheduled time. Students who do not communicate their absence to my by the time a test is completed will receive a zero (0) for that exam. In the case of the VERY MOST EXTREME UNFORSEEN EXIGENT CIRCUMSTANCES, students will be given the opportunity to take only one substitute exam along with the final exam. My determination of whether the VERY MOST EXTREME UNFORSEEN EXIGENT CIRCUMSTANCES existed will be dependent both upon the timeliness of notification by the student of their failure to attend, and upon the reasons given for that failure. Under all circumstances, students requesting relief under this clause must make a written request, and provide independent verification of these circumstances, in writing, within two (2) days of the missed exam.