COLLEGE OF BUSINESS AND PUBLIC AFFAIRS
Course Data Sheet
Summer 12
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.
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
Course Text and Required Materials:
Fundamentals of Advanced Accounting, Fisher, Taylor, and Cheng, 11th Edition, Thompson South-Western.,
Mason, Ohio.
College Mission Statement:
The College of Business and Global Affairs, consistent with the overall Mission of The University of Tennessee
at Martin, develops graduates whose skills, abilities and ethical standards contribute to a diversified and
dynamic society. With a primary focus on teaching, the College emphasizes quality undergraduate and graduate
instruction and faculty commitment to student and regional development. Programs are delivered in an
environment that encourages a broad understanding of the forces shaping social, political and economic change
in a global society. The College promotes and supports cooperative alliances with stakeholders and outstanding
teaching, research and service.
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
Accounting 451
Instructor:
Dr. Ronald W. Kilgore
Office:
CBGA 138
Office Hours: MTWRF: 11:00 A.M. – 2:45 P.M.
And by Appointment
Semester:
Phone:
Fax:
Email:
Summer 2012
731 881 7240
731-881-7241
rkilgore@utm.edu
COURSE REQUIREMENTS:
Attendance Policy
You are strongly encouraged to not miss classes. One (1) point will be deducted from your total grade points
for each missed class after the first three misses. You are expected to be in class and seated on time.
Test Policy
TEST
1
2
3
HOMEWORK
FINAL
DATE and CHAPTERS
SEE CLASS SCHEDULE
SEE CLASS SCHEDULE
SEE CLASS SCHEDULE
WEIGHT
100 POINTS
100 POINTS
100 POINTS
50 POINTS
100 POINTS
Assignment Policy
(1) Students are responsible for reading each chapter and preparing assignments from the text. All assignments
are due on the date specified by the course instructor. (2.) Students are expected to attend class on a regular
basis and participate in class discussion. They are encouraged to not miss scheduled tests unless seriously ill or
for an unavoidable emergency. Make-up tests will be given only for justifiable reasons.
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.
Academic Integrity
Students are expected to conduct themselves at a high level of academic integrity. Any student found
cheating will be assigned a final grade of F for the course and will be reported to the Vice Chancellor for
Student Affairs and the dean of his/her college for further disciplinary action.
To sin by silence when they should protest makes cowards of men." (Abraham Lincoln).
"Aggies do not lie, cheat or steal, nor do they tolerate those who do." (Aggie Code of Honor)
“Honor is better than honors." (President Abraham Lincoln).
Day
Topic Covered
Reading
Assignments
July 10
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 Longterm Obligations
Review of Entries for the General
Funds and Account Groups
TEST 1
Other Governmental Funds
Proprietary Funds
Fiduciary Funds: Trust and Agency
Funds
Governmental AccountingInteractions Among Funds
Annual Financial Reporting and
Reporting Entity
Highlights and Illustrative
Example of the New Reporting
Models
Practice Converting Funds-Based
Statements to Government-wide
Statements
Reporting and Auditing
Implementation Issues
Test 2
Accounting for Private Not-forProfit Organizations
Accounting for Voluntary Health
and Welfare Organizations
Continued
Continued
Test 3
Accounting for Colleges and
Universities (Public and Private)
Continued
Accounting for Providers Of
Health Care ServicesGovernmental and Private
Continued
Final Exam
Ch. 15, 767-772
P4
Ch. 15, 773-794
July 11
July 12
July 13
July 16
July 17
July 18
July 19
July 20
July 23
July 24
July 25
July 26
July 27
July 30
July 31
August 1
August 2
August 3
August 6
August 7
August 8
August 9
August 10
Class
Problems
Homework
Relationship
to BSBA Goals
E1,E2
BSBA 4 & 6
P5,P6,P7
E3,E5,E7
BSBA 4 & 6
Ch. 15, 795-801
P8,P11,P12
E12,E13
BSBA 4 & 6
Ch. 15, 802-806
P13,P14
E14,E15
BSBA 4 & 6
Ch. 16, 829-844
Ch. 16, 845-853
Ch. 16, 854-860
P3,P11,P13
P9,P14,P15
E4,E5,E6
E8,E9,E10
BSBA 4 & 6
BSBA 4 & 6
BSBA 4 & 6
E12,
BSBA 4 & 6
Ch. 16, 861-870
P16,P17,
P19,P20
Ch. 17, 891-893
Ch. 17, 894-914
Ch. 17, 915 921
BSBA 4 & 6
P3,P4
E3,E4
P6,P7,P8
E5,E6
BSBA 4 & 6
Ch. 17, 922-924
P9,P11
E7
BSBA 4 & 6
Ch. 18, 937-943
P4,
E4
BSBA 4 & 6
P5,P6
E5,E6
BSBA 4 & 6
P7,P8
P9,P10
E7,E8
Ch. 18, 944 957
Ch. 19, 977-996
Ch. 19, 9971008
BSBA 4 & 6
BSBA 4 & 6
P3,P4
P5,P6,P7,P8
P12,P13,P14
E2,E3,E4
E5,E8,E9
BSBA 4 & 6