ACCT 2050 - Governmental Accounting

Academic Division: Business, Industry and Technology
Academic Discipline: Accounting

Assistant Dean: Brooke Miller, M.B.A.

3 Credit(s)
The topics in this course include the principles and operation of fund accounting including financial reporting and budgetary control for state and local governments. UG

3 Lecture Hour(s);

Required Prerequisite Course(s): Take ACCT 1010

College Wide 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

Student Learning Outcomes for Course

Outcomes	Assessments – How it is met & When it is met
1. Explain the characteristics of governmental entities and the applicable accounting and financial reporting requirements.	Graded homework – week 8 and exam – Weeks –1-2
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
3. 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
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
5. 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
6. 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
7. 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
8. 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
9. 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

Standard Grading Scale
93-100 A

90 - 92 A-

87- 89 B+

83 - 86 B

80 -82 B-

77- 79 C+

73 - 76 C

70 -72 C-

67- 69 D+

63 - 66 D

60 -62 D-

00- 59 F

Statement on Diversity
North Central State College believes that every student is a valued and equal member of the community.* Every student brings different experiences to the College, and all are important in enriching academic life and developing greater understanding and appreciation of one another. Therefore, NC State College creates an inclusive culture in which students feel comfortable sharing their experiences. Discrimination and prejudice have no place on the campus, and the College takes any complaint in this regard seriously. Students encountering aspects of the instruction that result in barriers to their sense of being included and respected should contact the instructor, assistant dean, or dean without fear of reprisal.

*Inclusive of race, color, religion, gender, gender identity or expression, national origin (ancestry), military status (past, present or future), disability, age (40 years or older), status as a parent during pregnancy and immediately after the birth of a child, status as a parent of a young child, status as a foster parent, genetic information, or sexual orientation,

Standard NCSC Course Policies
Important information regarding College Procedures and Policies can be found on the syllabus supplement located at this link