INSTRUCTOR: Dr. John P. Yeütter, Ph.D., C.P.A., CFP^®
Office: BT120
Phone: (918) 444-2968
Personal Phone (918) 931-8257
E-Mail: yeutter@nsuok.edu
Office Hours: 10:00 MWF 11:00 TR & 13:00 MT

COURSE TITLE AND NUMBER: GOVERNMENT & NONPROFIT ACCOUNTING - ACCOUNTING 3353
CLASS DAYS & TIME: 09:00-09:50 MWF
PREREQUISITES: Accounting 2203

COURSE PURPOSE: This Course introduces students to the concepts of accounting for Governments. This should provide the knowledge in which candidates for the CPA exam are expected to demonstrate proficiency with respect to Governmental Accounting and Reporting and Not-for-Profit (Nongovernmental) Accounting and Reporting (FAR I.A.4; I.B.2; IV & V)
See CPA_CSOs.doc

STUDENT LEARNING OUTCOMES:
At the completion of the course, the student will be able to:

1. Identify the sections of the comprehensive annual financial report (CAFR).
2. Identify the minimum required financial statement components under generally accepted accounting principles (GAAP).
3. Define the three categories of funds and the eleven generic funds within the three categories.
4. Understand when to recognize revenues and expenditures under the modified accrual basis of accounting.
5. Understand the difference between interfund loans and interfund transfers.
6. Understand the form and content of a governmental fund balance sheet.
7. Understand the form and content of a proprietary fund statement of net assets.
8. Understand the form and content of a fiduciary fund statement of net assets.
9. Understand the Generally Accepted Accounting Principles (GAAP) and statutory basis of accounting for encumbrances.
10. 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

INSTRUCTIONAL PROCEDURES: In addition to the textbook, Blackboard will provide a means of communicating to and evaluating students this semester.
For each chapter, there will be a module on Blackboard, which will contain:

• LEARNING OBJECTIVES: Specific Learning Objectives for the Chapter.
• POWERPOINT: Two Powerpoints provided by the Publisher.
• OUTLINE: A Chapter Outline provided by the Publisher.
• QUIZZES: The Multiple Choice problems at the end of each chapter (normally Exercise N-1) are due on blackboard.

STUDENT PERFORMANCE ACTIVITIES: (Attendance/Punctuality) 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 allowed to miss TWO (2) class periods without a direct penalty. Beginning with the third 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.

ASSIGNMENT DUE DATES: Assignments are due as indicated below on the Calendar Table:

STUDENT 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.
• QUIZZES: 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 Friday of the week the Chapter is discussed.
• PROJECTS:Students will complete two individual projects.
• HARVEY CITY CASE: Students working in teams will complete the Harvey City Comprehensive Case. This case is designed to simulate the experience of accounting and reporting for a small city. Instructions for this case are provided at the end of Chapters 4-15 in the textbook. Templates to use in completing the case can be downloaded from the course website on Blackboard. All team members will receive the same grade for the case.

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 HARVEY CITY CASE
 100 PROJECTS
 300 QUIZZES
 800 TOTAL POINTS

Grades will be assigned according to the following schedule:
A: > 92% B: 84 - 91% C: 76 - 83% D: 68 - 75%

• MISSED TESTS : I believe that feedback is an important part of the learning process, and therefore expect to provide answers to exams immediately after it is taken. This poses a problem for those who are unable to take exams at an appropriate time. Students who do not communicate a reason for missing an exam to me by the time a test should be 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 substitute the final exam score for the midterm grade. 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.
• ASSIGNMENT DUE DATES: The Projects and Assignments are due on Blackboard on their due date, or as otherwise assigned. 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 emailed, will be eaten by a frumious bandersnatch, or otherwise lost and never graded.
• LATE PROJECTS: Projects turned in late will be charged a 25% "late filing" penalty. Projects turned in more than one week late will receive 50% of the score they would otherwise receive. Late quizzes, or quizzes missed will not be accepted or graded.
• SO-SORRY DATE: Late assignments will be accepted until the So-Sorry Date (05/04). NO assignments will be accepted after that date.