PUAF 715CP Spring 2006 Wed 4:15-6:45 pm VMH1203
Government and Not-for-Profit Accounting
Professor: Philip T. Calder (pcalder@umd.edu)
Introduction:
The purpose of this course is to familiarize the
student with the significant concepts embodied in accounting reports of city,
county, state and the federal governments and their associated entities. These
reports relate to activities of a governmental or a business nature and are
used for analytical, planning, measurement and control purposes. The concepts
presented will be considered in terms of theoretical underpinnings as well as
their practical applications and will be compared to similar concepts used for
commercial enterprises and not-for-profit entities.
We will especially consider the accounting implications
of budgetary, cash flow and intergenerational equity concerns. In several
instances, we will have to become familiar with business practices unique to
the government environment.
We will consider and discuss selected issues being
considered at this time by the Federal Accounting Standards Advisory Board, the
Financial Accounting Standards Board or the Governmental Accounting Standards
Board.
Texts:
Core
Concepts of Government and Not-for-Profit Accounting-Michael Granof
and Penelope Wardlow
2005 Financial
Report of the
Guide to
Understanding the Annual Financial Report of the
*These have
been obtained from federal entities and will be furnished without charge
Course
grading:
Class participation
15%
Completion of assignments
25%
Mid term exam 30%
End of term exam
30%