The course discusses advanced problems involving government and non-profit organizations, estates and trusts, financial distressed entities, translation and consolidation of foreign entities and segment reporting. The use of data analysis tools in fund accounting and other types of financial reports will also be discussed.
This is a senior-level course in accounting theory and practice intended primarily for those who plan to enter the accounting profession. The course is also useful to others who would like an in-depth study of governmental units and nonprofit organizations. Students are presented with concepts and applications of both theory and practice. Accounting students who seek professional success in their careers need to understand both theory and practice in order to meet the challenges that await them in the future. Students are also introduced to alternatives to current practice to enhance their understanding of accounting practices that may evolve in the future.
Textbook readings and presentations
Course Requirements Checklist
After reading the Course Syllabus and Student Expectations, the student will complete the related checklist found in the Course Overview.
Discussions are collaborative learning experiences. Therefore, the student will participate in three Discussions referencing cases from the textbook. Each Discussion consists of two parts, the thread and the reply. Each thread must be supported by at least two scholarly citations and be at least 400 words, excluding the reference section. For each Discussion, the student will reply to one other thread. Each reply must be supported by at least two scholarly citations and be at least 250 words, excluding the reference section. (CLO: A, B, C, D, E)
Case Study Assignment
The student will review the most recent Annual Comprehensive Financial Report (ACFR) for a U.S. state or local government and prepare a paper which discusses five specific points of interest from the Management's Discussion and Analysis included within the ACFR. Content must be supported by at least three scholarly citations and be at least 500 words excluding the reference section. (CLO: A, B, C, D, E)
Homework Assignments (9)
Homework assignments will be completed in Connect. The homework includes graded reading assignments and problems which are designed to prepare the student for the course quizzes. (CLO: B, C, D, E)
Quizzes will be completed in Connect. Each quiz will be open-book, open-notes and contain multiple-choice questions. (CLO: B, C, D, E)