Download Fall 2008 Nonprofit Accounting & Auditing Course Outline at University of West Georgia - P and more Study notes Accounting in PDF only on Docsity! 1 ACCT 6264 NONPROFIT ACCOUNTING AND AUDITING Course Outline (Wednesday 7:00 - 9:30 p.m.) Fall 2008 Instructor: Dr. K. Moffeit Office Hours: M,W 3:00 - 5:30 pm Office: Adamson Hall - 106 Tu 12:00 - 5:00 pm; Telephone: (678) 839-4818 & by appointment FAX: (678) 839-5040 E-Mail: kmoffeit@westga.edu The policy of the University of West Georgia is that each student is responsible for checking his/her my.westga.edu email account on a regular basis. I. Catalog Description: Principles and practices of fund accounting are examined with emphasis upon their adaptation to nonprofit institutions; measuring efficiency and economic use of resources to satisfy legal, reporting, as well as societal requirements. Auditing the reports and operations of nonprofit organizations is emphasized. II. Required Background or Experience: A. Prerequisite: ACCT 4261. B. Prerequisite Justification: In-depth knowledge of auditing concepts is required. C. General Education (Core) Contribution: This course uses the writing and speaking skills and critical thinking and analysis abilities developed in English, Speech, and Mathematics courses. In addition, accounting core knowledge, word processing skills, legal concepts, finance concepts, and managerial theories are used in this course. III. Expected Outcomes (www.westga.edu/~accfin/outcomes.htm): A. Conduct library research on nonprofit accounting and auditing (NFP A&A) topics to form opinions on current A&A issues. LG6 (Learning Goal 6); B. Improve communication skills by presenting article summaries. LG1; C. Understand NFP A&A theory and apply its underlying procedures to specific situations. LG5; D. Be successful in the NFP portions of certification exams. LG5 and LG6; 2 E. Understand the social, economic, political, and ethical consequences of NFP A&A standards and procedures. LG3 and LG6; F. Understand the system design consequences of unique accountability and operational effectiveness/efficiency characteristics of NFPs. LG4. IV. Text(s) and References: Texts: Accounting for Governmental and Nonprofit Entities, 14 th edition, Wilson, Kattelus, Reck, McGraw-Hill Irwin, 2007. ISBN # 9780073268927 Government Auditing Standards, Comptroller General of the United States, July 2007 revision, U.S. Government Printing Office, ISBN #9780160780288 References: Texts of the FASB, GASB, and AICPA Standards, Exposure Drafts, and Discussion Memoranda outstanding. Available on specific websites. V. Special or Unique University Facilities: Access to word processing needed. The University library and the internet are used. VI. Expanded Description of the Course and Instructional Methods: A. Expanded Description of the Course: The course first examines the fund accounting principles and the determination of financial performance in governmental entities. Next, accounting practices of the Federal government are discussed. Third, cost determination and the accounting practices of educational institutions, health care providers, and other not-for-profits are presented. Finally, the auditing issues related to all governmental and nongovernmental not-for- profit entities are covered. B. Instructional Methods: 1) Lecture and Problem Solving: All assignments must be prepared using spread- sheet and/or word processing software, enhancing these skills. 2) Cases: Cases test critical thinking and analysis abilities. 3) Presentation/Discussion of Articles and Reports: To achieve greater focus on current issues and enhance oral communication skills.
