Syll

Learner-Centered Outcomes and Objectives

Upon completion of the course, students should possess knowledge of:

• The different fund types used by state and local governmental entities, and the accounts included or excluded in each fund type.

• The three sections of a governmental entity’s comprehensive annual financial report (CAFR) and the information included in each section.

• The major differences between governmental financial statements and the financial statements of a commercial business organization.

• The important steps involved in the preparation of a government-wide set of financial statements by combining the financial statements of the different fund types.

• The mechanics and relevancy of budgetary accounting for a governmental entity.

• The three classifications of net assets for nonprofit organizations, and the accounting principles underlying each classification.

• The major differences between the financial statements of a nonprofit organization and those of a commercial business organization.

Course TextReadings and Materials

Governmental Accounting and Reporting by Jae K. Shim. (The CPE Store, Inc., 2013, Course AA131701)

Nonprofit Accounting by Steven M. Bragg. (The CPE Store, Inc., 2013, Course AA145101)

Course Outline

To obtain credit for this course, the student is required to:

1. Obtain, read, and research the aforementioned text materials thoroughly.

2. Complete and submit materials as required to obtain continuing professional education (CPE) credit, including but not limited to submission of completed exams, to an independent party (i.e., The CPE Store) for grading on both of the two texts listed above. Information concerning the submission requirement can be obtained at http://www.cpestore.com.

Assessing Course Outcomes

The grades obtained by the student from the completed examswill be averaged (simple average) to determine the...