UNIVERSITYOF SOUTHERN CALIFORNIASCHOOL OF POLICY, PLANNING, AND DEVELOPMENT

PPD 516: Financial Accounting in the Public and Non-Profit Sectors

Fall 2011

Time: Mondays 6:00 - 9:30 P.M., Place: RGL101

John Raffoul, D.P.A, CHE, FACHE

Office Hours: Monday 5:00 - 6:00 P.M. by appointment only.

Home: (909)596-9740,

Cell: (323)806-6008

Work: 323-268-5000 extension 1969 email:

REQUIRED TEXTBOOK:

  • INTRODUCTION TO GOVERNMENTAL AND NOT-FOR-PROFIT

ACCOUNTING. 6th Edition, Ives, M., Razek, J., Hosch, G., Pearson Prentice Hall. New Jersey, 2003.

  • MANAGEMENT ACCOUNTING FOR HEALTH CARE ORGANIZATIONS, 1ST Edition, Robert W. Hankins and Judith J. Baker, Jones and Bartletts Publishers, Sudbury, MA , 2004. ISBN: 0-7637-3225-7

COURSE ABSTRACT:

Accounting as a management tool; Accounting systems; Basic financial and managerial accounting concepts and procedures; Budgets; Financial statements. Designed for non-accounting administrative/management personnel.

COURSE OBJECTIVES:

  • To provide the students with a basic understanding of theories and

practices of financial accounting, not-for-profit accounting and managerial

accounting with emphasis on healthcare.

  • To help the students develop the analytical skills necessary for analyzing

financial statements in a healthcare environment;

  • To provide the students with a basic understanding of the important role of

accounting systems and accounting information for management control.

PPD 516 SYLLABUS, Fall 2011

CLASS SCHEDULE

SESSION / TOPIC/READING / ASSIGNMENT DUE
Aug 22 / Overview of the course; Objectives of financial reporting; Accounting as an information system; the entity concept and the accounting equation; the Balance Sheet.
Chapter 15: Recording and analyzing transactions; accounts, journal entries; the general ledger T-accounts; posting; trial balance, Textbook: Razek
Aug 29 / Chapter 15: The accounting cycle; the accrual concept and measurement; Financial Statements; Adjusting entries; Closing entries, Textbook: Razek / Chapter 15: Questions: 1-16
Exercises 9, 10
Sept 5 / Labor Day – no class / Labor Day – no class
Sept 12 / Chapter 15: Review the Fundamentals of Accounting. Textbook: Razek / Chapter 15: Exercises: 13, 14, 15, 17 Chapter 15: Problems 1 - 5
Sept 19 / Chapter 1 Not-for-Profit environment and its unique aspects of accounting and financial analysis: Textbook: Razek
Chapter 2: Principles of Fund Accounting and Reporting; Categories and Type of Funds / Ch 2: Problems: 5, 7, 11, 12, 13
Test 1: Chapter 15 Razek 60 minutes
Sept 26 / Chapter 4: Governmental Fund Accounting Cycle: General Fund and Special Revenue Funds
Chapter 5: Property Tax Accounting, Budgetary Accounting, Inter-fund Activity / Ch 4: Problems 2, 4, E10
Ch 5: Problem 2, 9, 12
Oct 3 / Chapters 9: Reporting Principles and Preparation of Fund Financial Statements
Chapter 10: Government-Wide Financial Statements / Ch 9: Problems: 1, 2, 3, 5
Ch 10: Problems: 2, 4
Oct 10 / Chapter 3: Perspectives on Cost, Textbook: Hankins
Chapter 4: Introduction to Costing: Textbook: Hankins / Ch 3: Exercises: 1, 2 Pg 45
Ch 4: Problem: Pg 77
Test II: Chapters 1,2,4,5,9,10 Razek
Oct 17 / Chapter 5: Formalizing the activities and costs
Chapter 6: Organization Structure and Costing. Textbook: Hankins / Homework to be handed out
Oct 24 / Chapter 8-9: Activity Based Costing, Textbook:Hankins

Chapter 10: Traditional Costing: Textbook: HankinS

/ Ch 10: Problem 1, 2 Pg 223
Oct31 / Chapter 12: Budgets, Budgeting and Control. Textbook: Hankins.
Chapter 3: Budgeting Process Textbook: Razek / Test III: Chapters 3,4,5,6,9,10 Henkins
Nov 7 / Chapter 13: Cost Variance Analysis. Textbook: Hankins / Ch 13: Problem 1, 3 Pg 295
Nov 14 / Chapter 14: Clasical Cost-Based Decision Models: Textbook: Hankins:
Chapter 16: Management Accounting Reports: Textbook: Hankins / Problem 14: 1,3,4 Pg 326
Nov 21 / Chapter 12: Accounting for Not-for-Profit Organizations: Textbook: Razek / Ch 12: Problems: 3, 4
Nov 28 / Chapter 13: Accounting for Healthcare Organizations: Textbook: Razek
Financial Accountability: Handout / Ch 13: Problems: 1, 2, 3
Dec 5 / No Class –Study Period
Dec 12 / Final Examination / Test IV: Chapters 12,13,14,16 Hankins
Chapters: 3, 12, 13, 14 Razek

COURSE REQUIREMENTS:

1. Reading assignments: to be completed before attending each class

session. 2. Problem sets: due at the beginning of each class. 3. Active class participation

GUIDELINES FOR HOMEWORK PROBLEMS:

1. All homework must be done using an electronic spreadsheet program,

e.g.,Lotus 123, Microsoft Excel, QuattroPro, etc. Students are requiredto follow the format used in the textbook for journalizing, preparing T-accounts, trial balance, balance sheet, and income statement.

2. Late homework will receive no credit. Homework is graded as credit/no credit.

3. Students are required to bring two copies of their homework to the class.

One copy is to be turned In to the Instructor at the beginning of the class. The second copy will be used by the student for notes and corrections when problems are discussed in class.

4. On the average, ittakes about 3-4 hours to complete the weekly homework

assignment. Homework problems are the foundation of this class. Students should plan their timeappropriately so that they would have enough timeto complete the homework problems before the class.

GRADES:

  1. If a student is pre-approved to miss a test, the missed test will be assigned a grade equal to the average of the other three tests.
  2. There will not be any make up work for missed tests, homework or absences.
  3. Closed book, 2 hour timed tests, graded on a curve.

Grading Policy
Weights / Grade Scale
Homework/Participation / 20% / 94-100% / A
Test One / 20% / 90-93% / A-
Test Two / 20% / 87-89% / B+
Test Three / 20% / 80-86% / B
Test Four / 20% / 77-79% / B-
70-76% / C

Any Student requesting academic accommodations based on a disability is required to register with Disability Services and Programs (DSP) each semester. A letter of verification for approved accommodations can be obtained from DSP. Please be sure the letter is delivered to me as early in the semester as early as possible. DSP is located in STU 301 and is open 8:30 a.m. - 5:00 p.m., Monday through Friday. The phone number for DSP is (213) 740-0776.

NO FOOD OR DRINK ALLOWED IN CLASS. NO PHONE CALCULATORS.

PPD 516 SYLLABUS, Fall 2011