ACCG32001D
Public Sector Accounting
 
  I: Administrative Information   II: Course Details   III: Topical Outline(s)  Printable Version   Public
 
Section I: Administrative Information
  Credit Value: 3.0
Credit Value Notes: N/A
Effective: Winter 2015
Prerequisites: (ACCG32004D)
Corequisites: N/A
Equivalents: N/A
Pre/Co/Equiv Notes: N/A

Course Name (short): Public Sector Accounting
School: Business
Program(s): Bach Bus Admin Market Manage, Bach Business Admin Accounting, Bach Business Admin Finance, Bach Human Resources, BachBus Admin Spply Chain Mgmt
Program Coordinator(s): Tba
Course Leader or Contact: Tba
Originator: Jessica MacDougall
Designate: Jessica MacDougall
Version: 1.01
Status: Approved (APPR)

Calendar Description
Students examine accounting and management processes for governments and other not-for-profit organizations. Topics include the institutional setting, accounting standards, financial statements, cost control and risk management.

Typical Instructional Format

Lecture
 28.0
Other
 14.0
Total hours: 42.0

Courses may be offered in other formats.

Section I Notes: This course will be delivered in hybrid format.
 
 
Section II: Course Details

Detailed Description
Students examine accounting and managing processes for governments and other not-for-profit organizations. Topics include the institutional setting, accounting standards, financial statements, cost control and risk management. Through interactive lectures, classroom problem solving exercises, case studies and essays, students will review and analyze government annual reports and budget documents, critically analyze public sector performance information, review, evaluate, and/or recommend cost management and control practices in public sector enterprises and identify and manage risk.

Program Context

 
Bach Bus Admin Market Manage Program Coordinator: Tba
See Program Context for Accounting.

Bach Business Admin Accounting Program Coordinator: Tba
This is a business elective course in the Bachelor of Business Administration (BBA) Accounting program, as well as BBA Finance, BBA Human Resources, BBA Marketing and BBA Supply Chain Management. It is an advanced level course in financial accounting that further develops the use of professional judgment in financial reporting. The outcomes and learning experiences of these course components will contribute to the students' Creative Learning professional accounting programs of study.

Bach Business Admin Finance Program Coordinator: Tba
See Program Context for Accounting.

Bach Human Resources Program Coordinator: Tba
See Program Context for Accounting.

BachBus Admin Spply Chain Mgmt Program Coordinator: Tba
See Program Context for Accounting.


Course Critical Performance and Learning Outcomes

  
 Critical Performance
By the end of the course, students will have demonstrated the ability
to apply generally accepted accounting principles to government and
other non-profit enterprises. 

Learning Outcomes
To achieve the critical performance, students will have demonstrated
the ability to: 
1. Differentiate between public sector and private sector 
   accounting.
2. Appraise government measures of performance management and provide 
   recommendations for improvements through reference to applicable 
   Statements of Recommended Practice.  
3. Evaluate the government budget process based on the 
   theory/processes of budgeting.
4. Interpret PSAB (Public Sector Accounting Board) standards in 
   making professional judgments on how to account for public sector 
   accounting situations.
5. Assess whether a set of government financial statements and 
   supporting information meet the four financial statement 
   objectives. 
6. Compare financial statements for governments and those for not-for-
   profit organizations.
7. Assess a government¿s risk management strategies and make 
   recommendations for improvement. 
8. Demonstrate professional behaviours including:
   a. work effectively in a team environment
   b. meet due dates
   c. produce professional quality assignments
   d. use reference materials responsibly
Evaluation Plan
Students demonstrate their learning in the following ways:

  
Students demonstrate their learning in the following ways:

Assignments - (2 cases @ 10% each, Project/Essay @ 15%)   35%
Midterm Exam                                              30% 
Final Exam                                                35% 
Total                                                    100%

In addition to achieving a minimum 50% overall grade, a student must
have a combined average of at least 50% on the non-group components of
the evaluation plan in order to receive credit for this course.
Provincial Context
The course meets the following Ministry of Training, Colleges and Universities requirements:

 

Essential Employability Skills
Essential Employability Skills emphasized in the course:

  Communication   Critical Thinking & Problem Solving   Interpersonal
  Numeracy   Information Management   Personal

Notes: N/A

Prior Learning Assessment and Recognition
PLAR Contact: Multiple PLA Contacts
Students may apply to receive credit by demonstrating achievement of the course learning outcomes through previous life and work experiences. This course is eligible for challenge through the following method(s):

Challenge Exam Portfolio Interview Other Not Eligible for PLAR
        X

Notes: N/A
 
 
Section III: Topical Outline
Some details of this outline may change as a result of circumstances such as weather cancellations, College and student activities, and class timetabling.
Effective term: Winter 2015
Professor: Multiple Professors
Textbook(s): 
Textbook(s): Course Pack including,

Authoritative Guidance: 
Reporting on Public Sector Operations - CICA
Selected CA Magazine articles: The Gate Keeper; Municipalities on the
Move. 
Selected articles from Public Sector Digest 

Recommended Reading: Provided by professor
Non-Authoritative Guidance such as:
- Financial Reporting by First Nations 
- 20 Questions About the Government Reporting Entity 
- Public Performance Reporting: Guide to Preparing Public Performance 
  Reports 
- Guide to Accounting for and Reporting Tangible Capital Assets 
- 20 Questions About Government Financial Reporting

Applicable student group(s): Bachelor of Business Administration
 Course Details:
Description:

Module 1 - Canadian Governments: The Financial and Institutional Setting
Learning Outcome: 1

Module 2 - Accountability and Performance Management
Learning Outcome: 2, 7

Module 3 - Financial Planning and Budgeting Systems
Learning Outcome: 3

Module 4 - Public-Sector Accounting Standards
Learning Outcome: 2, 4
Case #1: 10%

Module 5 - Financial Reporting Standards, Tools, and Practices
Learning Outcome: 5
Midterm Exam: 30%

Module 6 - Financial Statements
Learning Outcome: 5, 6

Module 7 - Analysis of Governmental Financial Performance
Learning Outcome: 6
Case #2: 10%

Module 8 - Cost Management and Control Practices
Learning Outcome: 7

Module 9 - Risk Management 
Learning Outcome: 7
Project/Essay: 15%
Final Exam: 35%


Academic Honesty
The principle of academic honesty requires that all work submitted for evaluation and course credit be the original, unassisted work of the student. Cheating or plagiarism including borrowing, copying, purchasing or collaborating on work, except for group projects arranged and approved by the faculty member, or otherwise submitting work that is not the student's own violates this principle and will not be tolerated. Instances of academic dishonesty, including assisting another student to cheat, will be penalized as detailed in the Student Handbook.

Students who have any questions regarding whether or not specific circumstances involve a breach of academic honesty are advised to discuss them with the faculty member prior to submitting the assignment in question.

Discrimination and Harassment
Sheridan is committed to provide a learning environment that respects the dignity, self esteem and fair treatment of every person engaged in the learning process. Behaviour which is inconsistent with this principle will not be tolerated. Details of Sheridan's policy on Harassment and Discrimination are available in the Student Handbook.
 
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