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LOGO AND NAME OF UNIVERSITY

NAME OF COLLEGE DEPARTMENT

UNIVERSITY VISION and MISSION


ABC University………

COLLEGE DEPARTMENT’S VISION AND MISSION/ PROGRAM OBJECTIVES


The College of ……………………aims to………..

COURSE NAME: ACCOUNTING FOR GOVERNMENT AND NON-PROFIT


ORGANIZATIONS

COURSE CODE:

PREREQUISITE:

COURSE CREDITS: 3 UNITS

CONTACT HOURS: 54 HOURS

COURSE DESCRIPTION: This is a specialization course designed to provide students with


accounting knowledge and skills that are applicable to the financial reporting of government
entities and non-profit entities. The financial reporting of government entities is governed
by the Government Accounting Manual for National Government Agencies (NGAs) as
promulgated by the Commission on Audit (COA). The financial reporting of non-profit
entities is governed by the Philippine Financial Reporting Standards (PFRS).

GENERAL OBJECTIVES: Upon completion of this course, the learners are expected to:
1. Demonstrate knowledge, skills and positive attitudes to the concepts and principles of
financial reporting for government entities and non-profit organizations as applied to real
life situations.
2. Identify and differentiate the principles used in the financial reporting of government
entities and non-profit organizations from those used by business entities.
3. Manifest understanding how the government obtains funds and utilize those funds in
accordance with relevant laws, as well as with generally accepted principles and
practices of accounting, management and fiscal administration.
4. Demonstrate knowledge and skills in recording transactions and preparing general
purpose financial statements of government entities.
5. Manifest understanding on how non-profit organizations report on their stewardship over
the resources they have received as contributions from third parties.

Course Code: Course Description: Effectivity: Date revised: Page 1 of 10


Accounting for Government 2nd Sem., SY 2017- Sept. 10, 2017
and Non-profit 2018
Organizations
I. DETAILED COURSE OUTLINE

Learning Goals Content Topic Learning Outcomes OBE Methodologies Time Allotment Evaluative
Measures
FIRST GRADING COVERAGE 16 hrs.
To instill knowledge OVERVIEW OF The learners are 1. Lecture/PowerPoint 2 hrs. 1. Seat works
to students GOVERNMENT expected to be able to: presentation 2. Recitation
regarding the ACCOUNTING 1. Differentiate 2. Application of 3. Assignments
financial reporting 1. Responsibility, government concepts 4. Quiz
framework of Accountability accounting from 3. Classroom Q&A
government entities. and Liability over the accounting for
government business entities.
funds and 2. State the
property government
2. Accounting entities charged
responsibility with accounting
3. The GAM for responsibility.
NGAs 3. Describe briefly the
4. Basic accounting GAM for NGAs.
and budget 4. State the basic
reporting principles used in
principles government
5. Qualitative accounting.
characteristics 5. State the
6. Elements of recognition criteria
financial for assets.
statements
To provide students THE BUDGET The learners are 1. Lecture/PowerPoint 2 hrs. 1. Seat works
with an overview of PROCESS expected to be able to: presentation 2. Recitation
the government 1. The national 1. Enumerate the 2. Application of 3. Assignments
budget process budget. steps in the budget concepts 4. Quiz
2. The budget process. 3. Classroom Q&A
cycle. 2. Describe briefly the
principles of
responsibility
accounting.

Course Code: Course Description: Effectivity: Date revised: Page 2 of 10


Accounting for Government 2nd Sem., SY 2017- Sept. 10, 2017
and Non-profit 2018
Organizations
To develop in the THE The learners are 1. Lecture/PowerPoint 8 hrs. 1. Seat works
students the skills of GOVERNMENT expected to be able to: presentation 2. Recitation
recording ACCOUNTING 1. Record the basic 2. Application of 3. Assignments
government PROCESS transactions of a concepts 4. Quizes
transactions and 1. Books of government entity. 3. Classroom Q&A
preparing the basic accounts and 2. Prepare a
financial statements Registries worksheet.
of statement of 2. Basic
financial position Recordings
and statement of 3. The Revised
financial Chart of
performance Accounts
4. The government
accounting cycle

To instill knowledge REVENUES AND The learners are 1. Lecture/PowerPoint 2 hrs. 1. Seat works
to students OTHER RECEIPTS expected to be able to: presentation 2. Recitation
regarding the 1. Fundamental 1. State the sources 2. Application of 3. Assignments
sources of, and principles for of revenue of a concepts 4. Quiz
accounting for, revenue government entity. 3. Classroom Q&A
revenues and other 2. Sources of 2. State the
receipts of Revenue recognition and
government entities 3. Other receipts measurement of
revenue.
To instill knowledge DISBURSEMENTS The learners are 1. Lecture/PowerPoint 2 hrs. 1. Seat works
to students 1. Fundamental expected to be able to: presentation 2. Recitation
regarding the principles for 1. State the main 2. Application of 3. Assignments
modes of, and disbursement of concepts in the concepts 4. Quiz
accounting for, public funds. disbursement of 3. Classroom Q&A
disbursements of 2. Authority to government funds.
government funds. disburse 2. Account for the
3. Basic different modes of
requirements disbursements.
and
certifications for
disbursements
4. Modes of
disbursements
FIRST GRADING EXAMINATION 2 hrs.
Sub-total hrs. 18 hrs.

Course Code: Course Description: Effectivity: Date revised: Page 3 of 10


Accounting for Government 2nd Sem., SY 2017- Sept. 10, 2017
and Non-profit 2018
Organizations
MIDTERM COVERAGE 16 hrs.
To instill knowledge FINANCIAL The learners are 1. Lecture/PowerPoint 4 hrs. 1. Seat works
to students ASSETS expected to be able presentation 2. Recitation
regarding the 1. Cash and cash to: 2. Application of 3. Assignments
accounting for equivalents 1. Define a financial concepts 4. Quiz
financial assets 2. Receivables asset and give 3. Classroom Q&A
3. Investments examples.
4. Derivatives 2. Account for cash
and cash
equivalents.
3. Account for
receivables.
4. Account for
investments.

To instill knowledge INVENTORIES The learners are 1. Lecture/PowerPoint 2 hrs. 1. Seat works
to students 1. Measurement expected to be able presentation 2. Recitation
regarding the 2. Cost formulas to: 2. Application of 3. Assignments
accounting for and 3. Procedures in 1. Account for concepts 4. Quiz
disposition of the receipt and inventories by a 3. Classroom Q&A
inventories by disposition of government
government inventories by entity.
entities government 2. Describe the
agencies procedures in the
receipt and
disposition of
inventories by a
government
entity.
To instill knowledge AGRICULTURE The learners are 1. Lecture/PowerPoint 2 hrs. 1. Seat works
to students 1. Recognition and expected to be able presentation 2. Recitation
regarding the measurement to: 2. Application of 3. Assignments
accounting for 2. Determination 1. Differentiate concepts 4. Quiz
biological assets of fair value between the 3. Classroom Q&A
and agricultural 3. Disclosures following:
produce. biological assets,
agricultural
produce and
inventory.
2. State the initial

Course Code: Course Description: Effectivity: Date revised: Page 4 of 10


Accounting for Government 2nd Sem., SY 2017- Sept. 10, 2017
and Non-profit 2018
Organizations
and subsequent
measurements of
biological assets
and agricultural
produce.

To instill knowledge INVESTMENT The learners are 1. Lecture/PowerPoint 2 hrs. 1. Seat works
to students PROPERTY expected to be able presentation 2. Recitation
regarding the 1. Recognition and to: 2. Application of 3. Assignments
accounting for measurement 1. Define an concepts 4. Quiz
investment 2. Transfers investment 3. Classroom Q&A
property 3. Derecognition property and give
4. Impairment examples.
2. State the initial
and subsequent
measurements of
an investment
property.
3. Account for the
impairment of
investment
property, and the
reversal thereof.
To instill knowledge PROPERTY, PLANT The learners are 1. Lecture/PowerPoint 4 hrs. 1. Seat works
to students AND EQUIPMENT expected to be able presentation 2. Recitation
regarding the 1. Recognition and to: 2. Application of 3. Assignments
accounting for and measurement 1. State the initial concepts 4. Quiz
disposition of 2. Items of PPE and subsequent 3. Classroom Q&A
property, plant and peculiar to measurements of
equipment by government items of PPE of
government entities government
entities. 3. Idle, fully entities.
depreciated, 2. Describe the
unserviceable following and state
and lost PPE their peculiar
4. Procedures in accounting
the receipt and requirements:
disposition of Heritage Assets,
PPE by Infrastructure
government Assets, and
agencies Reforestation
5. Borrowing costs Projects.
Course Code: Course Description: Effectivity: Date revised: Page 5 of 10
Accounting for Government 2 Sem., SY 2017- Sept. 10, 2017
nd

and Non-profit 2018


Organizations
3. Account for
Borrowing Costs
by a government
entity.
To instill knowledge INTANGIBLE The learners are 1. Lecture/PowerPoint 2 hrs. 1. Seat works
to students ASSETS expected to be able presentation 2. Recitation
regarding the 1. Recognition and to: 2. Application of 3. Assignments
accounting for measurement 1. Define intangible concepts 4. Quiz
intangible assets. 2. Impairment assets. 3. Classroom Q&A
3. Derecognition 2. State the
recognition, and
account for the
initial and
subsequent
measurements, of
intangible assets.
MIDTERM EXAMINATION 2 hrs.
Sub-total hrs. 18 hrs.
FINALS COVERAGE 16 hrs.
To instill knowledge LIABILITIES The learners are 1. Lecture/PowerPoint 2 hrs. 1. Seat works
to students 1. Financial expected to be able presentation 2. Recitation
regarding the liabilities to: 2. Application of 3. Assignments
accounting for 2. Provisions, 1. State the concepts 4. Quiz
liabilities contingent recognition criteria 3. Classroom Q&A
liabilities and for liabilities.
contingent 2. State the initial
assets and subsequent
measurements of
financial liabilities.
3. State the
measurement of
provisions,
contingent
liabilities and
contingent assets.

Course Code: Course Description: Effectivity: Date revised: Page 6 of 10


Accounting for Government 2nd Sem., SY 2017- Sept. 10, 2017
and Non-profit 2018
Organizations
To instill knowledge LEASES The learners are 1. Lecture/PowerPoint 2 hrs. 1. Seat works
to students 1. Finance leases expected to be able presentation 2. Recitation
regarding the 2. Operating to: 2. Application of concepts 3. Assignments
accounting for leases 1. Differentiate 3. Classroom Q&A 4. Quiz
leases between a finance
lease and an
operating lease.
2. Account for
finance leases by
lessees and by
lessors.
3. Account for
operating leases
by lessees and by
lessors.
To develop in the FINANCIAL The learners are 1. Lecture/PowerPoint 4 hrs. 1. Seat works
students the skills STATEMENTS expected to be able presentation 2. Recitation
of preparing a 1. General to: 2. Application of concepts 3. Assignments
complete set of principles 1. State the general 3. Classroom Q&A 4. Quiz
general purpose 2. Statement of principles in the
financial financial presentation of
statements of a position financial
government entity 3. Statement of statements.
financial 2. Prepare a
performance complete set of
4. Statement of general purpose
changes in net financial
assets/equity statements of a
5. Statement of government
cash flows entity, including
6. Statement of partial notes to the
comparison of financial
budget and statements.
actual amounts 3. Describe the
7. Notes to accounting and
financial disclosure
statements requirements for
8. Other reports events after the
reporting date,
changes in
accounting
policies, changes
Course Code: Course Description: Effectivity: Date revised: Page 7 of 10
Accounting for Government 2 Sem., SY 2017- Sept. 10, 2017
nd

and Non-profit 2018


Organizations
in accounting
estimates, and
correction of
errors.
4. State the “other
reports” prepared
by government
entities.
To instill knowledge MISCELLANEOUS The learners are 1. Lecture/PowerPoint 2 hrs. 1. Seat works
to students TOPICS expected to be able presentation 2. Recitation
regarding the 1. Service to: 2. Application of concepts 3. Assignments
accounting for concession 1. Account for 3. Classroom Q&A 4. Quiz
special activities of arrangements Service Concession
government by grantor Arrangements by
entities 2. Interests in joint Grantor.
ventures 2. Account for
3. The effects of Interests in Joint
changes in Venture.
foreign 3. State the
exchange rates accounting for The
Effects of Changes
in Foreign
Exchange Rates
To instill knowledge NON-PROFIT The learners are 1. Lecture/PowerPoint 6 hrs. 1. Seat works
to students ORGANIZATIONS expected to be able presentation 2. Recitation
regarding the 1. Current trend in to: 2. Application of concepts 3. Assignments
current trend in the practice 1. Explain the 3. Classroom Q&A 4. Quizes
accounting for non- 2. Characteristics applicability of the
profit organizations of an NPO PFRSs to NPOs.
3. PFRS principles 2. Account for the
applicable to assets, liabilities,
NPOs equity, revenues
4. Accounting for and expenses of
NPOs NPOs.
5. Financial 3. Enumerate and
statements of describe the
NPOs financial
6. Accounting statements of
procedures NPOs.
peculiar to 4. State the
specific types of accounting
NPOs procedures
Course Code: Course Description: Effectivity: Date revised: Page 8 of 10
Accounting for Government 2 Sem., SY 2017- Sept. 10, 2017
nd

and Non-profit 2018


Organizations
peculiar to specific
types of NPOs.

FINAL EXAMINATION 2 hrs.


Sub-total hrs. 18 hrs.
TOTAL HRS. 54 HRS.

Course Code: Course Description: Effectivity: Date revised: Page 9 of 10


Accounting for Government 2nd Sem., SY 2017- Sept. 10, 2017
and Non-profit 2018
Organizations
II. GRADING SYSTEM:

For Professional Board Examination Subjects: the cut-off score is 70%. The highest possible grade is
ninety-nine (99); the lowest passing grade is seventy-five (75); and the lowest failing grade is sixty-
five (65).

First grading: Class standing = 70%; Exam = 30%


Midterms: Class standing = 60%; Exam = 40%
(Tentative Midterm Grade x 2 + First Grading) / 3 = Midterm Grade
Finals: Class standing = 50%; Exam = 50%
(Tentative Final Grade x 2 + Midterm Grade) / 3 = Final grade

TEXTBOOK
Millan, Zeus Vernon B., Government Accounting and Accounting for Non-profit Organizations (2018),
Philippines: Bandolin Enterprise

REFERENCES
Government Accounting Manual for National Government Agencies (GAM for NGAs), Philippines:
Commission on Audit, 2016

Philippine Public Sector Accounting Standards (PPSAS), Public Sector Accounting Standards Board
(PSAcSB), Office of the COA Chairman

WEBSITE REFERENCES
https://www.coa.gov.ph/
http://www.iasplus.com/
http://www.picpa.com.ph/

Prepared by:

Noted by:

Course Code: Course Description: Effectivity: Date revised: Page 10 of 10


Accounting for Government 2nd Sem., SY 2017- Sept. 10, 2017
and Non-profit 2018
Organizations