ACCTG 18 Accounting For Governmental Not-For-Profit Entities & Specialized Industries - 1

Virgen Milagrosa University Foundation
Martin P. Posadas Avenue, San Carlos City, Pangasinan

Tel Nos. (075) 634-1111, (075) 531-2222)
Fax Nos. (075) 634-2692, (075) 955-5707
www.vmuf.edu.ph Email: vmuf@mozcom.com
COLLEGE OF BUSINESS ADMINISTRATION AND ACCOUNTANCY
ACCTG 18
ACCOUNTING FOR GOVERNMENTAL NOT FOR PROFIT ENTITIES & SPECIALIZED INDUSTRIES
I. VMUF’S VISION, MISSION, GOALS AND CORE VALUE
A. VMUF Vision
A Catholic University that produces globally competent professionals, internationally-recognized in instruction research, training
and extension services.
B. VMUF Mission
The VMUF, under the inspiration and patronage of our Lady of the Miraculous Medal affirms its commitment to provide
transformative Catholic Education and to render services relevant to National and Global Needs.
C. VMUF Goals
l. To continuously strive for excellence in the field of instruction, research, training, and service.
2. To transform students to be skilled and proactive leaders guided by Catholi8c principles, who are environmentally sensitive,
social accountable and respectful of individual, cultural and religious diversity.
CORE VALUE
V – VISIONARY - Goal oriented
M – MORALLY UPRIGHT - God-fearing and Law-abiding
U – UNITED - Harmonious
F – FRATERNAL - Caring
II. INSTITUTIONAL LEARNING OUTCOMES
Tel Nos. (075) 634-1111, (075) 531-2222)
Fax Nos. (075) 634-2692, (075) 955-5707
The Virgen Milagrosa University Foundation – Institutional Learning Outcomes (VMUF – ILOs) reflect the institution’s a wide
ranging vision and mission. It is the set of overarching learning outcomes that all students must achieve prior to investiture and
commencement. All program and course learning outcomes are mapped to the institutional outcomes, thus reflecting an overall alignment of
knowledge, skills and attitude expected at program accomplishment. Graduates will be lifelong learners and will become dynamic leaders in
their communities and in nation building thus, becoming more productive and globally competitive professionals.
As an outcome of their educational experiences at Virgen Milagrosa University Foundation, graduates will be able to:
DOMAINS
KNOWLEDGE
ILOK
1 Exemplify an eloquent and comprehensive knowledge of the subject matter that they will apply to their specific fields of ILOK1
discipline;
2 Use relevant theories and approaches to effectually discover issues, objects, and/ or creations; ILOK2
3 Apply the latest developments in the fields of Instruction, Research, Training, and Service ; and ILOK3
4 Analyze and solve problems by using critical thinking based on evidence, sound reasoning, and/ or ingenuity. ILOK4
SKILLS
ILOS
1 Effectively communicate orally and in writing using both English and Filipino ILOS1
2 Demonstrate skills with increasing efficiency, confidence, and proficiency to meet employment standards globally; ILOS2
3 Work effectively, independently or interdependently in multi-disciplinary and multi-cultural teams; and ILOS3
4 Construct developmental projects and generate new knowledge ILOS4
ATTITUDES ILOA
1 Participate actively in the preservation and protection of the environment and natural resources ILOA1
2 Preserve and promote “Filipino historical and cultural heritage” ILOA2
3 Exemplify Christian values in their personal, professional, and civic endeavours as Virginians under the inspiration and
Tel Nos. (075) 634-1111, (075) 531-2222)
Fax Nos. (075) 634-2692, (075) 955-5707
patronage of Our Lady of the Miraculous Medal; and ILOA3

4 Act in recognition of professional social, and ethical responsibility ILOA4
Tel Nos. (075) 634-1111, (075) 531-2222)
Fax Nos. (075) 634-2692, (075) 955-5707
III. COLLEGE OF BUSINESS ADMINISTRATON AND ACCOUNTANCY’S VISION, MISSION, GOALS AND CORE VALUES.
VISION
The College of Business Administration and Accountancy (CBAA), as the business school of VMUF, is committed to train and produce
God-loving, research-driven and competent business professionals, who will serve as effective leaders and accountable agents of just
distribution of the world’s goods.
MISSION
The CBAA, through its three (3) business programs and institutional activities intend to:
1. Show competence and excellence in teaching through transformative Catholic education, updated program offerings and research
activities in order to maintain quality business education and;
2. Produce highly skilled, responsible, professionally and globally trained graduates to contribute to the progress and development of
the nation and the world.
GOALS
To provide business students with superior trainings and instructions through industry linkages, innovative office simulation facilities and
competent faculty.
To introduce the students to the economic conditions of the community through extension service and research activities which will
inspire them to work for fair and just distribution of goods and services.
CORE VALUE
C- Competent A- Advocating
B- Businessman A- Accountability
IV. PROGRAM OUTCOMES
Tel Nos. (075) 634-1111, (075) 531-2222)
Fax Nos. (075) 634-2692, (075) 955-5707
The Bachelor of Science in Accountancy (BSA) degree at Virgen Milagrosa University Foundation prepares students for entry into a
variety of fields in accountancy, including corporate accounting, accounting information systems, and governmental accounting, as well as
entry into graduate programs such as law. It also equips students with basic and advanced accounting concepts, principles and procedures. In
addition to doing accounting functions for business enterprises, the students are prepared for public accounting after passing the CPA
licensure examination.
After finishing the said program, the graduates should be able to:
DOMAINS
KNOWLEDGE POK
1 Work independently and/or in teams with graduates of related fields/programs with minimal supervision. POK1
2 Demonstrate the qualities and skills essential for business leaders and organizational success and, POK2
3 Demonstrate understanding, mastery and application of the basic knowledge and skills in accounting. POK3
SKILLS POS
1 Do professional work or research in business. POS1
2 Have broad and coherent knowledge and skills in the field of business for professional work and lifelong learning and, POS2
3 Articulate and discuss the latest developments in the field of accounting. POS3
ATTITUDES POA
1 Preserve and promote “Filipino historical and cultural heritage” POA1
2 Exemplify Christian values in their personal, professional, and civic endeavours as Virginians under the inspiration and
patronage of Our Lady of the Miraculous Medal; and POA2
3 Act in recognition of professional social, and ethical responsibility POA3
V. DEGREE: Bachelor of Science in Accountancy
Tel Nos. (075) 634-1111, (075) 531-2222)
Fax Nos. (075) 634-2692, (075) 955-5707
VI. COURSE INFORMATION

Course Code ACCTG 18
Course Description ACCOUNTING FOR GOVERNMENTAL NOT FOR PROFIT ENTITIES & SPECIALIZED INDUSTRIES
Semester and Schedule First Term A.Y. 2020 – 2021 Saturday 8:00 – 11:00 and 1:00-4:00
Lecture:
Credit Units Three (3) Credit Units
Laboratory:
Lecture:
Contact Hours Per Week 3 hours
Laboratory:
Course Pre-requisite
(if there is any)
Consultation Hours MWF 8:00 – 9:00,
Tel Nos. (075) 634-1111, (075) 531-2222)
Fax Nos. (075) 634-2692, (075) 955-5707
At the end of the term, the students are expected to:
Knowledge: COK
1. Demonstrate and apply an understanding of the differences and similarities in state COK1
and local governments, the federal government, and not-for-profit organizations.
2. Identify and explain the characteristics that distinguish governmental and not-for- COK2
profit entities
Skills: COS
Course Outcomes 1. Demonstrate and apply an understanding of the different objectives, basis of
accounting and measurement focus used for each set of financial statements in COS1
the government financial reporting model and the related standards
2. Contrast and compare the objectives of financial reporting for state and local
governments, the federal government, and not-for-profit organizations COS2
Attitudes: COA
2. Demonstrate and apply an understanding of fund accounting and budgetary accounting. COA1
3. Explain the different objectives, measurement focus, and basis of accounting of the
government-wide financial statements and fund financial statements of state and local COA2
governments
4.
Tel Nos. (075) 634-1111, (075) 531-2222)
Fax Nos. (075) 634-2692, (075) 955-5707
At the end of the term, the students should be able to:

Prelim
1. Explain the nature of the three major activity categories of a state or local government LO1
2. Discuss the nature of major fund reporting and the criteria used to determine whether a fund should LO2
be reported as a major fund
Midterm
3. Explain how operating revenues and expenses related to governmental activities are classified and LO3
reported in the government-wide financial statements LO4
4. Distinguish at the fund level between revenues and other financing sources and between
Learning Outcomes expenditures and other financing uses
Semi-Finals
5. Explain how revenues and expenditures are classified in the General Fund LO5
6. Explain how budgetary accounting contributes to achieving budgetary control over revenues and LO6
expenditures LO7
7. Describe computerized accounting systems
Finals
8. Describe government-wide financial reporting for the federal government
LO8
9. Describe federal agency performance and financial reporting requirements
LO9
10. Contrast and compare budgetary accounting with proprietary accounting
LO10
Tel Nos. (075) 634-1111, (075) 531-2222)
Fax Nos. (075) 634-2692, (075) 955-5707
Learning Outcomes
LO10
Course Outcomes
LO1
LO2
LO3
LO4
LO5
LO6
LO7
LO8
LO9
Knowledge:
1. Demonstrate and apply an understanding of the
differences and similarities in state and local COK1
governments, the federal government, and not-for-
profit organizations
2. Identify and explain the characteristics that
COK2
distinguish governmental and not-for-profit entities
Skills:
1. Demonstrate and apply an understanding of
different objectives, basis of accounting and
COS 1
measurement focus used for each set of financial
statements in the government financial reporting
model and the related standards.
2. Identify and explain the characteristics that
COS 2
distinguish governmental and not-for-profit entities
Attitudes:
1. Demonstrate and apply an understanding of fund COA 1
accounting and budgetary accounting.
Tel Nos. (075) 634-1111, (075) 531-2222)
Fax Nos. (075) 634-2692, (075) 955-5707
2. Explain the different objectives, measurement

focus, and basis of accounting of the government-
COA 2
wide financial statements and fund financial
statements of state and local governments
Indicator: Has major contribution to the course outcome

Has minimal contribution to the course outcome
Tel Nos. (075) 634-1111, (075) 531-2222)
Fax Nos. (075) 634-2692, (075) 955-5707
Course Learning Plan:
Course Learning Outcomes Contents Allotment Activities/ Assessment Learning

Strategies Resource
Week 1 Situational analysis
1.1 .0 Not – for – profit 3 hrs that will require Students to Government
Explain the nature of the three organizations application of the answer review Accounting for
major activity categories of a 1.2 11.1 Voluntary health and concepts read questions and non-profit
state or local government welfare organizations problems organization
(VHWO) Online Lecture/ by: Zeus
Discussion Short quiz per Millan
Reciprocal topic
Questioning Recitation Government
Accounting by:
Angelito
Punzalan,
Milagros M.
Cardona
Week 2 2.1 11.2 Hospitals and other 3 hrs Situational analysis
Discuss the nature of major health care that will require Students to Government
fund reporting and the criteria organizations application of the answer review Accounting for
used to determine whether a 2.2 11.3 Colleges and concepts read questions and non-profit
fund should be reported as a Universities problems organization
major fund Online Lecture/ by: Zeus
Reciprocal topic
Tel Nos. (075) 634-1111, (075) 531-2222)
Fax Nos. (075) 634-2692, (075) 955-5707
Accounting by:
Angelito
Punzalan,
Milagros M.
Cardona
Situational analysis
Week 3 1.1 11.4 Other not – for – 3 hrs that will require Students to Government
profit organizations application of the answer review Accounting for
Explain how operating revenues such as churches, concepts read questions and non-profit
and expenses related to museums, fraternity problems organization
governmental activities are association, etc. Online Lecture/ by: Zeus
classified and reported in the Discussion Short quiz per Millan
government-wide financial
1.2 12.0 Government Reciprocal topic
statements
Accounting – General Questioning Recitation Government
Fund Accounting by:
Angelito
Punzalan,
Milagros M.
Cardona
Situational analysis
Week 4 1.1 12.1 Basic Concepts in 3 hrs that will require Students to Government
Government application of the answer review Accounting for
Distinguish at the fund level Accounting concepts read questions and non-profit
between revenues and other problems organization
financing sources and between Online Lecture/ by: Zeus
expenditures and other 1.2 12.2 Budget Process Discussion Short quiz per Millan
financing uses
Reciprocal topic
Tel Nos. (075) 634-1111, (075) 531-2222)
Fax Nos. (075) 634-2692, (075) 955-5707

Accounting by:
Angelito
Punzalan,
Milagros M.
Cardona
Week 5 3hrs Situational analysis
1.1 12.3 Journal Entries – that will require Students to Government
Explain how revenues and Books of National application of the answer review Accounting for
expenditures are classified in Government Agency concepts read questions and non-profit
the General Fund problems organization
Online Lecture/ by: Zeus
Reciprocal topic
Accounting by:
Angelito
Punzalan,
Milagros M.
Cardona
Week 6 1.1 Other special Topics (Basic Situational analysis
knowledge) 3hrs that will require Students to Government
Explain how budgetary application of the answer review Accounting for
accounting contributes to concepts read questions and non-profit
achieving budgetary control problems organization
over revenues and Online Lecture/ by: Zeus
expenditures Discussion Short quiz per Millan
Tel Nos. (075) 634-1111, (075) 531-2222)
Fax Nos. (075) 634-2692, (075) 955-5707
Reciprocal topic
Accounting by:
Angelito
Punzalan,
Milagros M.
Cardona
Week 7 1.1 Accounting for insurance contracts 3hrs Situational analysis
by insurers (PFRS 4) that will require Students to Government
Describe application of the answer review Accounting for
computerized accounting concepts read questions and non-profit
systems problems organization
Reciprocal topic
Accounting by:
Angelito
Punzalan,
Milagros M.
Cardona
Week 8 1.1 Accounting for build, operate & 3hrs Situational analysis
transfer (IFRIC 12 that will require Students to Government
Describe government-wide application of the answer review Accounting for
financial reporting for the concepts read questions and non-profit
federal government problems organization
Tel Nos. (075) 634-1111, (075) 531-2222)
Fax Nos. (075) 634-2692, (075) 955-5707

Reciprocal topic
Accounting by:
Angelito
Punzalan,
Milagros M.
Cardona
Week 9 3hrs Situational analysis
that will require Students to Government
Describe federal agency 1.1 Federal agency performance and application of the answer review Accounting for
performance and financial financial reporting requirements concepts read questions and non-profit
reporting requirements problems organization
Reciprocal topic
Accounting by:
Angelito
Punzalan,
Milagros M.
Cardona
Week 10 3hrs Problem Solving -
1.1 Proprietary accounting Problems common Government
Contrast and compare to a discipline are Accounting for
budgetary accounting with integrated in non-profit
proprietary accounting
Tel Nos. (075) 634-1111, (075) 531-2222)
Fax Nos. (075) 634-2692, (075) 955-5707
scenarios to allow organization

students to by: Zeus
strengthen creative Millan
and critical thinking.
Problem solving is Government
the most Accounting by:
independent of Angelito
learning methods Punzalan,
that empowers the Milagros M.
students to initiate Cardona
their own learning.
The learner
sequences action
steps that will lead
to the correct
solutions. The
teacher therefore
must assume the
role of the facilitator,
and be prepared to
provide students
with feedback rather
than solutions a.
Brainstorming -
Used most often
with groups,
Brainstorming is a
technique for
Tel Nos. (075) 634-1111, (075) 531-2222)
Fax Nos. (075) 634-2692, (075) 955-5707
refining the
definition of a
problem, generating
multiple solutions to
a problem or
multiple designs for
developing
something new, and
to identify possible
threats to the
solutions and
designs. It promotes
creative and critical
thinking.
Tel Nos. (075) 634-1111, (075) 531-2222)
Fax Nos. (075) 634-2692, (075) 955-5707
Course 1. Actively Participate in the discussions

Requirements 2. Take and Pass the Quizzes and Graded Recitations
3. Submit Written Reports or/Assignments
4. Take and Pass Periodic Exams (Preliminary, Midterm, Semi-final, Final)
5. Actively participate, and pass Group/Individual Activity Outputs
Grading System  Final Grade = MTG + tFG
2
 Midterm Grade (MTG) = Class Participation (60%) + Midterm Exam (40%)
 Tentative Final Grade (tFG) = Class Participation (60%) + Final Exam (40%)
 Class Participation 60%
 Examination 40%
 Board courses: To compute the transmuted grade: = student’s score x 60 + 40
Total # of items
Course References  Government Accounting for non-profit organization by: Zeus Millan 2019
 Government Accounting by: Angelito Punzalan, Milagros M. Cardona
 Government Auditing Manuals for NGAs
 Generally Accepted Accounting Principles
 Philippine Public Sector Accounting Standards
 International Public Sector Accounting Standards
Prepared by: Reviewed by: Approved by:

Tel Nos. (075) 634-1111, (075) 531-2222)
Fax Nos. (075) 634-2692, (075) 955-5707
SYREL S. OLERMO, CPA, MBA MELODY C. VILLACORTA, CPA, MBA ERNESTO V. ESCAÑO, Ed.D
Course Instructor Dean VP – Academic Affairs

ACCTG 18 Accounting For Governmental Not-For-Profit Entities & Specialized Industries - 1

Transféré par

Informations du document

Titre original

Copyright

Formats disponibles

Partager ce document

Partager ou intégrer le document

Options de partage

Avez-vous trouvé ce document utile ?

Ce contenu est-il inapproprié ?

Droits d'auteur :

Formats disponibles

ACCTG 18 Accounting For Governmental Not-For-Profit Entities & Specialized Industries - 1

Transféré par

Droits d'auteur :

Formats disponibles

Virgen Milagrosa University Foundation

Martin P. Posadas Avenue, San Carlos City, Pangasinan

COLLEGE OF BUSINESS ADMINISTRATION AND ACCOUNTANCY

I. VMUF’S VISION, MISSION, GOALS AND CORE VALUE

COLLEGE OF BUSINESS ADMINISTRATION AND ACCOUNTANCY

COLLEGE OF BUSINESS ADMINISTRATION AND ACCOUNTANCY

patronage of Our Lady of the Miraculous Medal; and ILOA3

COLLEGE OF BUSINESS ADMINISTRATION AND ACCOUNTANCY

COLLEGE OF BUSINESS ADMINISTRATION AND ACCOUNTANCY

COLLEGE OF BUSINESS ADMINISTRATION AND ACCOUNTANCY

VI. COURSE INFORMATION

COLLEGE OF BUSINESS ADMINISTRATION AND ACCOUNTANCY

At the end of the term, the students are expected to:

COLLEGE OF BUSINESS ADMINISTRATION AND ACCOUNTANCY

At the end of the term, the students should be able to:

COLLEGE OF BUSINESS ADMINISTRATION AND ACCOUNTANCY

COLLEGE OF BUSINESS ADMINISTRATION AND ACCOUNTANCY

2. Explain the different objectives, measurement

Indicator: Has major contribution to the course outcome

COLLEGE OF BUSINESS ADMINISTRATION AND ACCOUNTANCY

Course Learning Plan:

Course Learning Outcomes Contents Allotment Activities/ Assessment Learning

COLLEGE OF BUSINESS ADMINISTRATION AND ACCOUNTANCY

COLLEGE OF BUSINESS ADMINISTRATION AND ACCOUNTANCY

Questioning Recitation Government

COLLEGE OF BUSINESS ADMINISTRATION AND ACCOUNTANCY

COLLEGE OF BUSINESS ADMINISTRATION AND ACCOUNTANCY

Online Lecture/ by: Zeus

COLLEGE OF BUSINESS ADMINISTRATION AND ACCOUNTANCY

scenarios to allow organization

COLLEGE OF BUSINESS ADMINISTRATION AND ACCOUNTANCY

COLLEGE OF BUSINESS ADMINISTRATION AND ACCOUNTANCY

Course 1. Actively Participate in the discussions

Prepared by: Reviewed by: Approved by:

COLLEGE OF BUSINESS ADMINISTRATION AND ACCOUNTANCY

Course Instructor Dean VP – Academic Affairs

Vous aimerez peut-être aussi