Curriculum Guideline

Public Sector Accounting Management Practice

Effective Date:
Course
Discontinued
No
Course Code
ACCT 4080
Descriptive
Public Sector Accounting Management Practice
Department
Accounting
Faculty
Commerce & Business Administration
Credits
3.00
Start Date
End Term
201920
PLAR
No
Semester Length
15 weeks X 4 hours per week = 60 Hours
Max Class Size
30
Contact Hours
Lecture: 4 hours per week
Method Of Instruction
Lecture
Online
Hybrid
Methods Of Instruction

Lectures and/or online.

Course Description
Public Sector Accounting Management focuses on how public sector (government) entities of various kinds make best use of the resources entrusted to them in creating public value. Public sector accounting is a core body of supporting financial management. The purpose of this course is to provide students with public sector accounting and financial management skills needed to function in the public sector environment of low to medium complexity.

The content will focus on applied knowledge in real world situations using Excel. Communication skills will be developed in a team environment.
Course Content

1. Governance and decision-making process

2. The planning and budgeting process

3. Government operating and capital budgets

4. Public sector accounting and reporting - Part 1

5. Public sector accounting and reporting - Part 2

6. Decision support

7. Auditing

Learning Outcomes

At the end of the course, the successful student should be able to:

1. Explain and understand typical authorities, governance and decision making, including stakeholders at all levels.

2. Explain and understand the planning and budgeting process and their components such as operating and capital budgets on an annual basis.

3. Prepare budgetary components for a program or division that will roll into a larger budget.

4. Prepare financial statements, notes and schedules for a public sector entity.

5. Demonstrate understanding of public sector accounting as a basis for reporting and the role of governments in this area.

6. Evaluate whether a government sponsored organization should be consolidated with its host governmental body.

7. Apply public sector GAAP to government transactions.

8. Use financial analysis and performance measurement techniques to assess the financial strength of public sector agencies and how this compares to for profit companies.

9. Describe the concept of public sector auditing and accountability to the stakeholders.

10. Analyse financial and internal controls in the public sector to identify weaknesses and recommend appropriate solutions.

11. Apply internal and external audit techniques in the public sector to assess value for money.

 

Means of Assessment
Quizzes and/or Assignments   30%
Midterm Examination  30%
Final Examination  40%
  Total 100%
Textbook Materials

All reading and reference materials are provided within the course. A significant number of readings are linked to outside resources. Material provided by CPA-Canada with their permission.

Prerequisites

ACCT 2320 with a grade of "C" or better AND ACCT 3310 with a grade of "C" or better