MASTER SYLLABUS

2020-2021

A.	Academic Division: Business, Industry and Technology

B.	Discipline: Accounting

C.	Course Number and Title: ACCT2050 Governmental Accounting

D.	Course Coordinator: Jennifer Adkins

Assistant Dean: Toni Johnson, PhD

Instructor Information:

Name:	Click here to enter text.

Office Location:	Click here to enter text.

Office Hours:	Click here to enter text.

Phone Number:	Click here to enter text.

E-Mail Address	Click here to enter text.

E.	Credit Hours: 3

F.	Prerequisites: ACCT1010

G.	Syllabus Effective Date: Fall, 2020

H.	Textbook(s) Title:

Essentials of Governmental and Not-for-Profit Accounting

Authors: Copley

Copyright Year: 2018

Edition: 13th

ISBN: 97805120688056

Workbook(s) and/or Lab Manual:

J.	Course Description: The topics in this course include the principles and operation of fund accounting including financial reporting and budgetary control for state and local governments.

K.	College-Wide Learning Outcomes

College-Wide Learning Outcomes	Assessments- How it is met & When it is met
Communication – Written
Communication – Speech
Intercultural Knowledge and Competence
Critical Thinking
Information Literacy
Quantitative Literacy	Property Taxes-- Quantitative Literacy VALUE Rubric – week 4-6

L.	Course Outcomes and Assessment Methods:

Upon successful completion of this course, the student shall:

Outcomes	Assessments – How it is met & When it is met
Explain the characteristics of governmental entities and the applicable accounting and financial reporting requirements.	Graded homework – week 8 and exam – Weeks –1-2
Differentiate between the major fund categories and the fund types used currently in governmental accounting.	Graded homework – week 8 and exam – Weeks –3-4
Analyze the measurement focus and basis of accounting used by each fund in a governmental accounting system.	Graded homework – week 8 and exam – Weeks –3-4
Explain why budgets of governmental units are legal documents and how they are used to control operations. The student will be able to explain the steps involved in preparing a budget.	Exam – Weeks 3-4
Prepare the budgetary, operating, and closing entries for a governmental-type fund and prepare entries to record encumbrances.	Graded homework- week 8 and exam – Weeks 5-6 and 7-8
Demonstrate how to account for uncollectible property taxes, interfund transactions, and other special items. The student will be prepare financial statements for the General Fund.	Graded homework- week 8, and exam – Weeks 5-6 and 7-8
Explain why Debt Service Funds and Capital Project Funds are used in governmental accounting. The student will prepare entries for both funds.	Graded homework- week 10 and exam – Weeks –10-11
Explain why Internal Service Funds and Enterprise Funds are used in governmental accounting. The student will prepare entries for both funds.	Graded homework – week 15and exam – Weeks –weeks 13-14
Explain Fiduciary-Type Funds are used in governmental accounting. The student will prepare entries for both funds.	Graded homework – week 15 and exam – Weeks 15 -16

M.	Topical Timeline (Subject to Change):

Governmental Accounting Environment and Characteristics – weeks 1-2

The Use of Funds in Governmental Accounting – weeks 3-4

The Budgetary Process- weeks 3-4

An Introduction to General and Special Revenue Funds- weeks 5-6

General and Special Revenue Funds – Special Problems- weeks 7-8

Other Governmental-Type Funds (Permanent, Debt Service, and Capital Projects Funds) –weeks 9-11

Proprietary Funds (Internal Service and Enterprise Funds)- weeks 12-14

Fiduciary Funds (Pension Trust, Investment Trust, Private Purpose Trust, and Agency Funds)- weeks 15-16

N.	Course Assignments:

Practice of course topics in class

Daily homework preparation for class

Exam

Significant bookkeeping and accounting problems will be assigned related to the General Fund.

O.	Recommended Grading Scale:

NUMERIC	GRADE	POINTS	DEFINITION
93–100	A	4.00	Superior
90–92	A-	3.67	Superior
87–89	B+	3.33	Above Average
83–86	B	3.00	Above Average
80–82	B-	2.67	Above Average
77–79	C+	2.33	Average
73–76	C	2.00	Average
70-72	C-	1.67	Below Average
67–69	D+	1.33	Below Average
63-66	D	1.00	Below Average
60-62	D-	0.67	Poor
00-59	F	0.00	Failure

P.	Grading and Testing Guidelines:

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Q.	Examination Policy:

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R.	Class Attendance and Homework Make-Up Policy:

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S.	Classroom Expectations:

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T.	College Procedures/Policies:

Important information regarding College Procedures and Policies can be found on the syllabus supplement located at

http://catalog.ncstatecollege.edu/mime/download.pdf?catoid=5&ftype=2&foid=3