UNIVERSITY OF SOUTHERN CALIFORNIA
SCHOOL OF POLICY, PLANNING, AND DEVELOPMENT
PPD 516: Financial Accounting in the Public and Non-Profit Sectors
Fall 2012
Time:
Mondays
6:00
-
9:30
P.M.,
Place:
RGL
101
John Raffoul, D.P.A, CHE, FACHE
Office Hours: Monday 5:00 - 6:00 P.M. by appointment only.
Home: (909)596-9740,
Cell: (323)806-6008
Work: 323-268-5000 extension 1969
email: Raffoul@usc.edu
REQUIRED TEXTBOOK:

INTRODUCTION TO GOVERNMENTAL AND NOT-FOR-PROFIT
ACCOUNTING. 6th Edition, Ives, M., Razek, J., Hosch, G., Pearson
Prentice Hall. New Jersey, 2003.

MANAGEMENT ACCOUNTING FOR HEALTH CARE ORGANIZATIONS, 1ST Edition, Robert W.
Hankins and Judith J. Baker, Jones and Bartletts Publishers, Sudbury, MA , 2004. ISBN: 0-76373225-7
SUPPLEMENTAL TEXTBOOK

Gapenski, Healthcare Finance: An Introduction to Accounting and Financial Management
(Health Administration Press, 5th edition, 2012).
COURSE ABSTRACT:
Accounting as a management tool; Accounting systems; Basic financial and
managerial accounting concepts and procedures; Budgets; Financial
statements. Designed for non-accounting administrative/management
personnel.
COURSE OBJECTIVES:



To provide the students with a basic understanding of theories and
practices of financial accounting, not-for-profit accounting and managerial
accounting with emphasis on healthcare.
To help the students develop the analytical skills necessary for analyzing
financial statements in a healthcare environment;
To provide the students with a basic understanding of the important role of
accounting systems and accounting information for management control.
PPD 516 SYLLABUS, Fall 2012
CLASS SCHEDULE
SESSION
Aug 27
TOPIC/READING
ASSIGNMENT DUE
Overview of the course; Objectives of financial
reporting; Accounting as an information system; the
entity concept and the accounting equation; the
Balance Sheet.
Chapter 15: Recording and analyzing transactions;
accounts, journal entries; the general ledger Taccounts; posting; trial balance, Textbook: Razek
Sept 3
No Class – Labor Day
No Class – Labor Day
Sept 10
Chapter 15: The accounting cycle; the accrual concept
and measurement; Financial Statements; Adjusting
entries; Closing entries, Textbook: Razek
Chapter 15: Questions: 1-16
Exercises 9, 10
Sept 17
Chapter 15: Review the Fundamentals of Accounting.
Textbook: Razek
Chapter 15: Exercises: 13, 14, 15, 17
Chapter 15: Problems 1 - 5
Sept 24
Chapter 1 Not-for-Profit environment and its unique
aspects of accounting and financial analysis: Textbook:
Razek
Ch 2: Problems: 5, 7, 11, 12, 13
Test 1: Chapter 15 Razek
60 minutes
Chapter 2: Principles of Fund Accounting and
Reporting; Categories and Type of Funds
Oct 1
Oct 8
Oct 15
Chapter 4: Governmental Fund Accounting Cycle:
General Fund and Special Revenue Funds
Ch 4: Problems 2, 4, E10
Chapter 5: Property Tax Accounting, Budgetary
Accounting, Inter-fund Activity
Ch 5: Problem 2, 9, 12
Chapters 9: Reporting Principles and Preparation of
Fund Financial Statements
Ch 9: Problems: 1, 2, 3, 5
Chapter 10: Government-Wide Financial Statements
Ch 10: Problems: 2, 4
Chapter 3: Perspectives on Cost, Textbook: Hankins
Ch 3: Exercises: 1, 2 Pg 45
Chapter 4: Introduction to Costing: Textbook: Hankins
Ch 4: Problem: Pg 77
Test II: Chapters 1,2,4,5,9,10 Razek
Oct 22
Chapter 5: Formalizing the activities and costs
Homework to be handed out
Chapter 6: Organization Structure and Costing.
Textbook: Hankins
Oct 29
Chapter 8-9: Activity Based Costing, Textbook:Hankins
Chapter 10: Traditional Costing: Textbook: HankinS
Ch 10: Problem 1, 2 Pg 223
Oct 29
Chapter 12: Budgets, Budgeting and Control.
Textbook: Hankins.
Chapter 3: Budgeting Process Textbook: Razek
Test III: Chapters 3,4,5,6,9,10 Henkins
Nov 5
Chapter 13: Cost Variance Analysis. Textbook:
Hankins
Ch 13: Problem 1, 3 Pg 295
Nov 12
Chapter 14: Clasical Cost-Based Decision Models:
Textbook: Hankins:
Chapter 16: Management Accounting Reports:
Textbook: Hankins
Nov 19
Chapter 12: Accounting for Not-for-Profit
Organizations: Textbook: Razek
Nov 26
Chapter 13: Accounting for Healthcare Organizations:
Textbook: Razek
Financial Accountability: Handout
Dec 3
Course Review
Dec 10
No Class –Study Period
Dec 17
Final Examination
Problem 14: 1,3,4 Pg 326
Ch 12: Problems: 3, 4
Ch 13: Problems: 1, 2, 3
Test IV: Chapters 12,13,14,16 Hankins
Chapters: 3, 12, 13, 14 Razek
COURSE REQUIREMENTS:
1. Reading assignments: to be completed before attending each class
session. 2. Problem sets: due at the beginning of each class. 3.
Active class participation
GUIDELINES FOR HOMEWORK PROBLEMS:
1. All homework must be done using an electronic spreadsheet program,
e.g.,Lotus 123, Microsoft Excel, QuattroPro, etc. Students are required to
follow the format used in the textbook for journalizing, preparing T-accounts,
trial balance, balance sheet, and income statement.
2. Late homework will receive no credit. Homework is graded as credit/no credit.
3. Students are required to bring two copies of their homework to the class.
One copy is to be turned In to the Instructor at the beginning of the class. The
second copy will be used by the student for notes and corrections when
problems are discussed in class.
4. On the average, it takes about 3-4 hours to complete the weekly homework
assignment. Homework problems are the foundation of this class. Students
should plan their time appropriately so that they would have enough time to
complete the homework problems before the class.
Continued on next page:
GRADES:
1. If a student is pre-approved to miss a test, the missed test will be assigned a
grade equal to the average of the other three tests.
2. There will not be any make up work for missed tests, homework or
absences.
3. Closed book, 2 hour timed tests, graded on a curve.
Grading Policy
Weights
Grade Scale
Homework/Participation
20%
Test One
20%
Test Two
20%
Test Three
20%
Test Four
20%
94100%
9093%
8789%
8086%
7779%
7076%
A
AB+
B
BC
Any Student requesting academic accommodations based on a disability is required to register
with Disability Services and Programs (DSP) each semester. A letter of verification for approved
accommodations can be obtained from DSP. Please be sure the letter is delivered to me as early
in the semester as early as possible. DSP is located in STU 301 and is open 8:30 a.m. - 5:00 p.m.,
Monday through Friday. The phone number for DSP is (213) 740-0776.
NO FOOD OR DRINK ALLOWED IN CLASS. NO PHONE CALCULATORS.
PPD 516 SYLLABUS, Fall 2012