ACCT 403 Fund Accounting for Government and Not for Profits

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.

For information regarding prerequisites for this course, please refer to the Academic Course Catalog.

Course Guide

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*The information contained in our Course Guides is provided as a sample. Specific course curriculum and requirements for each course are provided by individual instructors each semester. Students should not use Course Guides to find and complete assignments, class prerequisites, or order books.

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

No details available.

Course Requirements Checklist

After reading the Course Syllabus and Student Expectations, the student will complete the related checklist found in the Course Overview.

Discussions (3)

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. All sources must be documented in current APA format. (CLO: A, B, C, D, E)

Throughout this course, the student will complete Read & Interact Assignment textbook readings. These readings will be accessed through the McGraw Hill Connect platform located in the Module’s Learn sections and the Assignments page in Canvas. These readings are labeled with the author(s)’ name(s) and the required chapter number. The student will be required to read and interact with the textbook. At the end of each assigned chapter, Connect will automatically sync the student’s grade for the reading to Canvas. In order to complete any Connect Homework Assignments, the student needs to first complete all the Read & Interact Textbook Assignments.

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 in current APA format 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 (4)

Quizzes will be completed in Connect. Each quiz will be open-book, open-notes and contain multiple-choice questions. (CLO: B, C, D, E)

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