COLLEGE OF BUSINESS AND GLOBAL AFFAIRS
Course Data Sheet
Fall 2015
All transfers of junior and senior level courses normally taught in the College of Business and Global Affairs must
be approved in advance by the student's department chair (or dean) upon recommendation by the student's advisor.
College Mission Statement:
The college’s main priority is the delivery of excellent undergraduate education in business disciplines as well as
international studies and political science. Student-faculty interaction is central to this education process. Moreover, the
college emphasizes experiential-learning opportunities, a global outlook, quality graduate instruction, scholarly research,
university and professional service, and west Tennessee economic development.
(Approved at November 22, 2013 CBGA Faculty Meeting
Course Number and Title: Accounting 451, Governmental Accounting
Course Description: An introduction to accounting and financial reporting of state and local governments and
nongovernmental nonprofit organizations. Account structure and accounting for various fund types in
governmental entities and restricted and unrestricted funds in nongovernmental nonprofit entities are
emphasized in the course. Preq. Grade of “B” or better in Acct. 301(Starting in Fall 2012 the Preq. To take
Acct. 451 changes from a “C” to a “B”
Course Text and Required Materials:
Advanced Accounting, Fisher, Taylor, and Cheng, 12th Edition, Thompson South-Western., Mason, Ohio.
BSBA Learning Objectives related to the CBPA Mission:
Graduates of the BSBA program will have demonstrated the following BSBA learning goals in this course
BSBA 2 demonstrate an understanding of the ethical aspects of business.
BSBA 3 demonstrate the ability to think critically.
BSBA 4 demonstrate effective verbal and written communication skills.
BSBA 6 demonstrate competence in the Accounting major.
Expected Student Outcomes
By the end of the semester, students will:
 Understand the accounting for governmental and other nonprofit entities
 Be able to record, summarize and analyze data to prepare in acceptable form the appropriate financial
statements
 Be able to develop an appreciation of the differences between accounting and reporting for profit versus
nonprofit entities
 Be able to evaluate the effectiveness and efficiency of the operations of nonprofit entities
Any student eligible for and requesting academic accommodation due to a disability is required to supply a
letter of accommodation from Disability Services (PACE Office), Clement 203 (Extension 7605 or 7744), within
the first two weeks of the semester.
COLLEGE OF BUSINESS AND PUBLIC AFFAIRS
Class Data Sheet
Instructor:
Dr. Ronald Kilgore
Office:
Room 138, Business Administration
Office hours: Monday, Wednesday, and Friday: 1:00 p.m. – 2:00 p.m.
Tuesday and Thursday 11:00 pm – 3: 00 pm
Other times by appointment
Telephone:
731-881-7240
Email:
rkilgore@utm.edu
Required material:
Calculators (no cell phones) are permitted.
Calculators will be provided for examinations.
Pencils and erasers will be needed in completing all quizzes and exams.
Attendance Policy
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Students are expected to attend all class meetings for the entire class period.
Students are responsible for all announcements made and material covered during an absence.
All assignments will be on the course syllabus with a due date.
No assignment can be made up or turned in after the due date
If one interim exam is not taken, the final exam grade will be substituted for that interim exam.
If more than one interim exam is not taken, the final exam grade will be substituted for ONE AND ONLY ONE interim
exam, AND a grade of zero (0) will be entered for each additional interim exam that is not taken.
If all interim exams are taken AND the final exam grade is higher than the grade on any interim exam, the final exam
grade will be substituted for the interim exam with the lowest grade.
(Exception: An absence, if appropriately documented, resulting from participation in University-sponsored activities.)
Other
 Students are not only responsible for all material in the chapters assigned in the textbook but also for all homework
assignments which are to be completed.
 Students are encouraged to ask for assistance as needed.
 All transfers of junior and senior level courses normally taught in the College of Business and Global Affairs must be
approved in advance by the student’s department chair (or dean) upon recommendation by the student’s advisor.
Test Policy
TEST
1
2
3
HOMEWORK
FINAL EXAM
DATE and CHAPTERS
SEE CLASS SCHEDULE
SEE CLASS SCHEDULE
SEE CLASS SCHEDULE
TIME
WEIGHT
100 POINTS
100 POINTS
100 POINTS
50 POINTS
100 POINTS
Grades: (unless modified by a curve):
A:
B:
C:
D:
F:
90.0-100% of total possible points
80.0-89.9%
“
“
“ “
70.0-79.9% “
“
“ “
60.0-69.9% “
“
“ “
Below 60%
“
“
“ “
(405 – 450)
(360 – 404)
(315 – 359)
(270 – 314)
(269 and below)
Classroom Courtesy
Students are expected to conduct themselves in a professional manner in class. Nonprofessional behavior or
language will result in the student being dropped from the course. Cell Phones: All cell phones will be turned
off during class and in your pocket/purse, or on the floor. Calculators will be provided for you during tests or
exams.
Day
Topic Covered
August 24
September 14
September 16
September 21
Introduction and Review of
Course Syllabus
Governmental Accounting:
The General Fund and the
Account Groups,
Commercial and
Governmental Accounting:
A Comparison and History
of Governmental Financial
Reporting
Governmental Accounting
Structure of Funds, Use of
Budgetary Accounting and
Overview of General Fund
Procedures
Financial Reports of the
General Fund and
Accounting for General
Capital Assets and General
Long-term Obligations
Labor Day
Review of Entries for the
General Funds and Account
Groups
TEST 1
Meet the Firms
Other Governmental Funds
September 23
Proprietary Funds
September 28
Fiduciary Funds: Trust and
Agency Funds
Governmental AccountingInteractions Among Funds
Continued
Annual Financial Reporting
and Reporting Entity
Highlights and Illustrative
Example of the New
Reporting Models
Fall Break
Practice Converting FundsBased Statements to
Government-wide
Statements
Reporting and Auditing
Implementation Issues
Test 2
Accounting for Private Notfor-Profit Organizations
August 26
August 31
September 2
September 7
September 9
September 30
October 5
October 7
October 12
October 14
October 19
October 21
October 26
October 28
Reading
Assignments
Class
Problems
Ch. 15, 765777
P4
Ch. 15, 773794
Homework
Relationship
to BSBA
Goals
E1,E2
BSBA 4 & 6
P5,P6,P7
E3,E5,E7
BSBA 4 & 6
Ch. 15, 795801
P8,P11,P12
E12,E13
BSBA 4 & 6
Ch. 15, 802806
P13,P14
E14,E15
BSBA 4 & 6
HOMEWORK DUE
Ch. 16, 829844
Ch. 16, 845853
Ch. 16, 854860
Ch. 16, 861870
BSBA 4 & 6
P3,P11,P13
E4,E5,E6
BSBA 4 & 6
P9,P14,P15
E8,E9,E10
BSBA 4 & 6
E12,
BSBA 4 & 6
P16,P17
P19,P20
Ch. 17, 891893
Ch. 17, 894914
BSBA 4 & 6
P3,P4
E3,E4
Ch. 17, 915 921
P6,P7,P8
E5,E6
Ch. 17, 922924
P9,P11
Ch. 18, 937943
P4,
BSBA 4 & 6
E7
BSBA 4 & 6
HOMEWORK DUE
E4
BSBA 4 & 6
November 2
November 4
November 9
November 11
November 16
November 18
November 23
Accounting for Voluntary
Health and Welfare
Organizations
Continued
Continued
Test Three
Ch. 18, 944 957
Accounting for Colleges and
Universities (Public and
Private)
Continued
Ch. 19, 977996
P3,P4
E2,E3,E4
BSBA 4 & 6
Ch. 19, 977996
P3,P4
E2,E3,E4
BSBA 4 & 6
November 25
Accounting for Providers
Of Health Care ServicesGovernmental and Private
Thanksgiving
November 30
Continued
December 2
Continued
P5,P6
E5,E6
P7,P8
P9,P10
E7,E8
BSBA 4 & 6
BSBA 4 & 6
HOMEWORK DUE
Ch. 19, 9971008
P5,P6,P7,P8
E5
P12,P13,P14
E8,E9,E10
HOMEWORK DUE
BSBA 4 & 6