Accounting Homework

1 CSUSB Department of Accounting and Finance ACCOUNTING FOR GOVERNMENTAL AND NONPROFIT ORGANIZATIONS ACCT 468 Spring 2011 MONDAY/WEDNESDAY 12- 1:50pm JB-138 PROFESSOR: Janet Courts OFFICE: JB-438 OFFICE PHONE: 909-537-5714 FAX: 909-537-7514 E-MAIL: jcourts@csusb.edu COURSE SITE: blackboard.csusb.edu OFFICE HOURS: Office hours: MW 11-11:50, & by appt, M: 4-6 REQUIRED TEXT and Materials Accounting for Governmental and Nonprofit Entities, 15th Ed. Wilson & Kattelus. McGrawHill Irwin,  Calculator: BRING TO EVERY CLASS MEETING  Red Pencil  Scantrons (at least 3)  E-mail account  Internet access RECOMMENDED:  4-6 column accounting paper or excel  Membership in the Accounting Association, Beta Alpha Psi, other student organizations  The Journal of Accountancy  The Wall Street Journal. Sign up in class if you are interested. COURSE DESCRIPTION ACCT 468 Accounting for Government and Not-for-Profit Organizations Covers principles and practices of government fund accounting. Topics include governmental accounting concepts, types and structure of funds and accounts, application of generally accepted accounting principles to government and not-for-profit entities, presentation and uses of financial statements. (4 units) COURSE OBJECTIVES/CONTENT OUTLINE be able to: -for-profit entities from for-profit entities; ial reporting requirements of the GASB 34 reporting model; government-wide financial statements and fund financial statements of state and local governments; n the nature of the three major activity categories of a state or local government: governmental activities, business-type activities, and fiduciary activities; xplain how operating revenues and expenses related to governmental activities are classified and reported in the government-wide financial statements;

2 expenditures; Recognize operating transactions for governmental activities and prepare appropriate journal entries at both the government-wide and fund levels, including exchange and nonexchange...