12/27/2024 11:26:25 AM	BAD 56 Course Outline as of Spring 2011	Changed Course
CATALOG INFORMATION
Discipline and Nbr:  BAD 56	Title:  FUND ACCOUNTING
Full Title:  Fund Accounting
Last Reviewed:2/26/2024

Units		Course Hours per Week			Nbr of Weeks	Course Hours Total
Maximum	3.00	Lecture Scheduled	3.00		17.5 max.	Lecture Scheduled	52.50
Minimum	3.00	Lab Scheduled	0		6 min.	Lab Scheduled	0
		Contact DHR	0			Contact DHR	0
		Contact Total	3.00			Contact Total	52.50
		Non-contact DHR	0			Non-contact DHR Total	0

Total Out of Class Hours:  105.00

Total Student Learning Hours: 157.50

Title 5 Category:  AA Degree Applicable
Grading:  Grade or P/NP
Repeatability:  00 - Two Repeats if Grade was D, F, NC, or NP
Also Listed As: 
Formerly: 

Catalog Description:

Accounting for nonprofit organizations: accounting theory and techniques for governmental units.

Prerequisites/Corequisites:
Course Completion of BAD 1

Recommended Preparation:

Limits on Enrollment:

Schedule of Classes Information
Description:

Accounting for nonprofit organizations: accounting theory and techniques for governmental units.

(Grade or P/NP)
Prerequisites:Course Completion of BAD 1
Recommended:
Limits on Enrollment:
Transfer Credit:CSU;
Repeatability:00 - Two Repeats if Grade was D, F, NC, or NP

ARTICULATION, MAJOR, and CERTIFICATION INFORMATION

Associate Degree:		Effective:		Inactive:
Area:
CSU GE:	Transfer Area			Effective:	Inactive:
IGETC:	Transfer Area			Effective:	Inactive:
CSU Transfer:	Transferable	Effective:	Fall 1981	Inactive:	Fall 2018
UC Transfer:		Effective:		Inactive:
C-ID:

Certificate/Major Applicable: Certificate Applicable Course

COURSE CONTENT

Outcomes and Objectives:
At the conclusion of this course, the student should be able to:

Upon completion of the course, students will be able to:

1.  Apply fund accounting techniques for a local or state government.

2.  Recognize appropriate accounting for revenues.

3.  Identify and record current expenditures and encumbrances.

4.  Prepare a statement of financial condition.

5.  Prepare a statement of revenues, expenditures and changes in net assets.

6.  Prepare a statement of cash flows.

7.  Prepare government-wide financial statements.

8.  Analyze budget items and utilize budget procedures.

Topics and Scope

1.   The Government and Not-For-Profit Environment

       a. Why governments need different accounting

      b. Differences between governments and "for profit" businesses

      c. Types of governments

2.   Fund Accounting

       a. Fund accounting by definition

      b. The basics of fund accounting

      c. When governments do fund accounting

3.   Issues of Budgeting and Control

       a. The role of the budget in governmental activities

      b. The means of preparing budgets

      c. Requirements for budgets and budgets as control mechanisms

4.   Recognizing Revenue in Governmental Funds

      a. Revenue by definition

      b. When government revenues can be recorded

      c. Defining available to fund expenditures

       d. Different forms of revenue

5.   Recognizing Expenditures in Governmental Funds

       a. Differentiating between expenses and expenditures

      b. Current expenditures and deferred expenditures

      c. Capital expenditures and current expenditures

6.   Accounting for Capital Projects and Debt Service

      a. Capital projects by definition

      b. Financing capital projects

      c. Servicing debt properly

7.   Capital Assets and Investments In Marketable Securities

      a. Determining investments and their uses

      b. What capital assets should be accounted for

      c. Mark to market accounting

8.   Long Term Obligations

      a. Defining long term obligations

      b. Pension liabilities, health care, and additional topics

      c. Other long term obligations

9.   Business-Type Activities

       a. GAAP [Generally Accepted Accounting Principles] accounting for profit-like activities

      b. What government functions qualify

10. Fiduciary Funds and Permanent Funds

      a. Endowment funds

      b. Restrictions on usage

      c. Valuation issues

      d. Definition of Income

11. Issues of Reporting, Disclosure, and Financial Analysis

       a. What reports are required

      b. Contents of reports

      c. Financial ratios for governments

12. Not-For-Profit Organizations

       a. What constitutes a not for profit

      b. What GAAP applies

      c. Differentiating between governmental and private not for profits

13.  Health Care Providers and Colleges and Universities

      a. The need for different accounting

      b. Combining not for profit and for profit activities

14.  Managing for Results

       a. Results that should be measured

      b. How best to measure

      c. How to achieve needed results

15.  Auditing Governments and Not-For-Profit Organizations

       a. What audits are required

      b. Who performs such audits

      c. Differentiated audit techniques

16.  Federal Government Accounting

      a. The differences in federal GAAP

      b. The FASAB [Federal Accounting Standards Advisory Board]

      c. The GAO [General Accounting Office], the Comptroller General, the OMB [Office of Management and Budget] and the accounting records

Assignments:

1.  Case studies involving several types of funds and their unique transactions within a model city government

2.  Chapter reading (approximately 30 to 40 pages per week)

3.  Weekly accounting exercises

4.  Mid-term exam

5.  Final exam

Methods of Evaluation/Basis of Grade.

Writing: Assessment tools that demonstrate writing skill and/or require students to select, organize and explain ideas in writing.		Writing 5 - 10%
Written homework; case studies
Problem solving: Assessment tools, other than exams, that demonstrate competence in computational or non-computational problem solving skills.		Problem Solving 30 - 50%
Homework exercises
Skill Demonstrations: All skill-based and physical demonstrations used for assessment purposes including skill performance exams.		Skill Demonstrations 0 - 0%
None
Exams: All forms of formal testing, other than skill performance exams.		Exams 30 - 50%
Exams: multiple choice, true/false, mid-term, final
Other: Includes any assessment tools that do not logically fit into the above categories.		Other Category 0 - 20%
Attendance and participation

Representative Textbooks and Materials:

Government and Not-for-Profit Accounting: Concepts and Practices, 5th Edition, Michael H. Granof, Univ. of Texas, Austin, John Wiley & Sons Publishing Company, 2009.

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