For a more detailed syllabus, please review the syllabus posted in the Blackboard course. This syllabus is intended to be a brief overview of the course and is subject to change. The final syllabus will be posted in the blackboard course. 

CATALOG DESCRIPTION:

ACNT 2330 – Governmental and Not-for-Profit Accounting: A study of basic fund accounting and financial reporting concepts, applications, and practices for governmental and not-for-profit entities. The course coverage also includes budgeting; transaction analysis; general journal and special journals; journal entries; preparation, use and analysis of financial statements; auditing issues; and recent GASB and FASB pronouncements.

• Credit Hours: 3
• Classroom Contact Hours per week: 3
• Laboratory Contact Hours per week: 1

PROGRAM-LEVEL STUDENT LEARNING OUTCOMES: 

Upon successful completion of the Accounting program, students will be able to:

• Complete degree requirements
• Obtain or improve job skills
• Satisfy educational requirements for CPA exam

COMMON COURSE LEARNING OBJECTIVES/OUTCOMES:

Course Outcomes: Upon completion of ACNT 2330 the student shall:

State and Local Governmental Entities:

CO 1: Identify and apply the sources of generally accepted accounting principles for state and local governmental entities.

CO 2: Explain the objectives of financial reporting for state and local governmental entities

CO 3: Explain the balanced budget requirement, apply budgetary accounting, and evaluate budgetary reporting for state and local governmental entities

CO 4: Apply governmental accounting and reporting terminology

CO 5: Analyze and record transactions of state and local governmental entities

CO 6: Apply the financial reporting requirements for fund and government-wide financial statements for state and local governmental entities.

Nonprofit Organizations:

CO 7: Identify and apply the sources of generally accepted accounting principles for nonprofit organizations

CO 8: Explain the objectives of financial reporting for nonprofit organizations

CO 9: Apply nonprofit accounting and reporting terminology

CO 10: Analyze and record transactions of nonprofit organizations

CO 11: Apply the financial reporting requirements for nonprofit organizations

SCANS COMPETENCIES: 

SCANS is the Secretary's Commission on Achieving Necessary Skills.  Please go to http://www.austincc.edu/mkt/scans.htm#whatis for complete definitions and explanation of SCANS.  This list summarizes the SCANS Competencies addressed in this particular course.

• Manages Time: Selects relevant, goal-related activities, ranks them in order of importance, allocates time to activities, and understands, prepares and follows schedules.
• Acquires and Evaluates Information: Identifies needs for data, obtains it from existing sources or creates it, and evaluates it relevance and accuracy. 
• Responsibility: Exerts a high level of effort towards goal attainment. Works hard to become excellent at doing tasks by setting high standards, paying attention to details, working well and displaying a high level of concentration even when assigned an unpleasant task. Displays high standards of attendance, punctuality, enthusiasm, vitality, and optimism in approaching and completing tasks.
• Problem Solving:  Recognizes that a problem exists (ie. There is a discrepancy between what is and what should or could be), identifies possible reasons for the discrepancy, and devises and implements a plan of action to resolve it.  Evaluates and monitors progress.
• Reasoning:  Discovers a rule or principle underlying the relationship between two or more objects and applies it in solving a problem.  For example, uses locig to draw conclusions from available information, extracts rules or principles from a set of objects or written text; applies rules and principles to a new sitatuion, or determines which conclusions are correct when given a set of facts and a set of conclusions.

For a more detailed syllabus, please review the syllabus posted in the Blackboard course. This syllabus is intended to be a brief overview of the course and is subject to change. The final syllabus will be posted in the blackboard course. 

Chapter 1:  Introduction to Accounting and Financial Reporting for Government and Non-for-Profit Entities

Chapter 2:  Principles of Accounting and Financial Reporting for State and Local Governments

Chapter 3:  Governmental Operating Statement Accounts; Budgetary Accounting

Chapter 4:  Accounting for Governmental Operating Activities- Illustrative Transactions and Financial Statements

Chapter 5:  Accounting for General Capital Assets and Capital Projects

Chapter 6:  Accounting for General Long-Term Liabilities and Debt Service

Chapter 7:  Accounting for Business-type Activities of State and Local Governments

Chapter 8:  Accounting for Fiduciary Activities- Custodial and Trust Funds

Chapter 9:  Financial Reporting of State and Local Governments

Chapter 11:  Auditing of Government and Not-for-Profit Organizations

Chapter 12:  Budgeting and Performance Measurement

Chapter 13:  Not-for-Profit Organizations- Regulatory, Taxation, and Performance Issues

Chapter 14:  Accounting for Non-for-Profit Organizations

For a more detailed syllabus, please review the syllabus posted in the Blackboard course.  This syllabus is intended to be a brief overview of the course and is subject to change.  The final syllabus will be posted in the blackboard course.

REQUIRED TEXTS/MATERIALS: 

• Required Course Materials:  Governmental & Nonprofit Entiteis, 19th Edition, Reck, Lowensohn, Neelyvwith Connect. (eBook and Connect Access)

For a more detailed syllabus, please review the syllabus posted in the Blackboard course.  This syllabus is intended to be a brief overview of the course and is subject to change.  The final syllabus will be posted in the blackboard course.

COURSE PREREQUISITE:

• The prerequisite for ACNT 2330 is ACNT 1371 - Business Applications in Accounting ACNT 1371 (3-3-1): Overview of accounting information system and accounting cycle, financial statement preparation and time value of money applications. Introduction to research and writing for accountants. The completion of ACNT 2303 - Intermediate Accounting 1 - is equivalent of completing ACNT 1371.  There are no exceptions.  A student may be withdrawn from this class if the prerequisite has not been successfully completed.

Austin Community College has received the designation of Qualifying Educational Credit for CPA Examination by the Texas State Board of Public Accountancy (Board).  This course qualifies as one of the 30 required upper-level accounting courses.  However, for this course to be counted, the student MUST have completed a bachelor's degree PRIOR to taking this course.  If this course is completed before a bachelor's degree is awarded, the Texas State Board of Public Accountancy will not accept it.  Please review the information on our web site http://www.austincc.edu/accting/cpainfo.php.  It is the responsibility

• of the student to understand and comply with the requirements of the Texas State Board of Public Accountancy.
• Basic Computer skills utilizing the internet, spreadsheets, word-processing and presentation software are required for this course.  Generally, all assignments are to be prepared on the computer and presented in a format that would be acceptable in a business environment.  Access to computers is available at ACC.