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 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
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)
WEIGHT
100 POINTS
100 POINTS
100 POINTS
50 POINTS
100 POINTS
Day
Topic Covered
August 24
Introduction and Review of
Course Syllabus
August 26
September 14
September 16
September 21
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
September 30
Governmental AccountingInteractions Among Funds
Annual Financial Reporting
and Reporting Entity
Highlights and Illustrative
Example of the New
Reporting Models
Practice Converting FundsBased Statements to
Government-wide
Statements
Reporting and Auditing
Implementation Issues
Fall Break
Accounting for Private Notfor-Profit Organizations
TEST 2
Career Day
Accounting for Voluntary
Health and Welfare
Organizations
August 31
September 2
September 7
September 9
October 5
October 7
October 12
October 14
October 19
October 21
October 26
October 28
November 2
Reading
Assignments
Class
Problems
Ch. 15, 765770
P3,P4,P5
Ch. 15, 771792
P6,P7
Ch. 15, 793796
P8,P9,P11,
Ch. 15, 797799
P12,P14
Homework
Five extra points for
Resume for MTF
Relationship
to BSBA
Goals
E3,E4
BSBA 4 & 6
E5,E6.E7
BSBA 4 & 6
E9,E10
BSBA 4 & 6
E11,E12,E13
E14
BSBA 4 & 6
HOMEWORK DUE
Ch. 16, 827842
Ch. 16, 843851
Ch. 16, 852858
BSBA 4 & 6
P3,P4,P6,P8
P9,P10,
P12,P13
E4,E5
BSBA 4 & 6
E6,E7,E8
BSBA 4 & 6
E9,E10,E12
BSBA 4 & 6
Ch. 16, 859888
Ch. 17, 889892
Ch. 17, 893912
P14,P15,P16,
P17,P20
P3,P4,P5,P6
E1,E2
Ch. 17, 913 919
P7,P8,P9
E3,E4
Ch. 17, 920934
P10,P11,P12
BSBA 4 & 6
E5,E6,E7
Ch. 18, 935936
BSBA 4 & 6
BSBA 4 & 6
BSBA 4 & 6
HOMEWORK DUE
Ch. 18, 937 941
P3,P4,P5
E2,E3,E4
BSBA 4 & 6
November 4
Continued
November 9
November 11
Continued
Test Three
November 16
November 25
Accounting for Colleges and
Universities (Public and
Private)
Continued
Accounting for Providers
Of Health Care ServicesGovernmental and Private
Thanksgiving
November 30
December 2
November 18
November 23
Ch. 18, 942 956
Ch. 18, 957
P6,P7,P8
P9,P10
E5,E6
E7,E8
HOMEWORK DUE
Ch. 19, 976994
BSBA 4 & 6
BSBA 4 & 6
P3,P4,P5
P6,P7,P8
E3,E4,E5
E6,E7,E9
BSBA 4 & 6
Continued
P9,P10,P11
E10,E11
BSBA 4 & 6
Continued
P12,P13,P14
HOMEWORK DUE
Ch. 19, 9951006
The accounting faculty is committed to the long-term success of students enrolled in upper division accounting
courses. In order to encourage these students to prepare for the work force and to ensure they are afforded
opportunities to connect to accounting professionals in an appropriate setting, the accounting faculty have agreed to
the following incentive plan for all upper division accounting courses (i.e., 301 and higher):
a. Any student enrolled in an upper division accounting course who submits a professional and well-edited resume by
the established deadline in accordance with the resume assignment posted on the Accounting Majors Blackboard
Course will earn either five (5) points to his total accumulated points or one percent (1%) to his final grade average (at
the choice of his instructor) for each upper division accounting course in which he is enrolled this semester. Only
accounting majors have access to the Accounting Majors Blackboard course; therefore, a non-accounting student should
request a paper copy of the resume assignment instructions and should submit his resume directly to his upper division
accounting professor so that the appropriate course credit may be awarded.
b. Any student enrolled in an upper division accounting course who attends one (1) accounting related event (to be
pre-chosen by the accounting faculty and advertised on the Accounting Majors Blackboard course) will earn either five
(5) points to his total accumulated points or one percent (1%) to his final grade average (at the choice of his instructor)
for each upper division accounting course in which he is enrolled this semester. The same student who attends a second
accounting related event (from the same list of pre-chosen events described above) will earn an additional five (5) points
to his total accumulated points or one percent (1%) to his final grade average (at the choice of his instructor) for each
upper division accounting course in which he is enrolled this semester. Non-accounting majors are not permitted to
participate in the Meet the Firms event and must choose other accounting related events in which to participate.
College of Business and Global Affairs Honor Code
WE STRIVE:
ETHICAL:. . .
To be ethical in communications with others and our actions. We know that ethical behavior
contributes to and strengthens the learning environment. We support authorized collaboration and
refrain from corruption.
TRUSTWORTHY:
To be trustworthy and to fulfill responsibilities with integrity, timeliness, and honor. We regard
trustworthiness as a jewel that should be visible to all, that can be lost with one poor decision, and
that should never be compromised.
HONEST:. . .
To be genuine in all transactions. We tell the truth with sincerity and respect in order to maintain
an honorable reputation.
IDEALISTIC:. . .
To set high, moral, and achievable goals and to establish a value system that assists us in achieving
goals. We endeavor to integrate professionalism into all aspects of the educational experience.
COMPASSIONATE: To take a stand of compassionate concern for others and to acknowledge the value within each
human being. We encourage a rich learning environment demonstrating our belief that all people
have the right to be treated with dignity and respect.
SERVICE-MINDED: To cultivate a sense of community and a spirit of teamwork by supporting peers, colleagues, and
the UTM community. We acknowledge the investment made in UTM by many individuals, our
state, and our nation by sharing the resources of our knowledge and time with the community.
My WebPage:
http://www.utm.edu/~rkilgore/NewWPage/beta.html