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Public Sector Accounting Management Practice

Course Code: ACCT 4080
Faculty: Commerce & Business Administration
Department: Accounting
Credits: 3.0
Semester: 15 weeks
Learning Format: Lecture, Seminar, Hybrid
Typically Offered: TBD. Contact Department Chair for more info.
course overview

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

Methods of Instruction

Lectures and/or online.

Means of Assessment

Quizzes and/or Assignments and/or Project  30%
Midterm Examination  30%
Final Examination  40%
  Total

100%

Students must write both the midterm examination and the final examination to obtain credit for the course.

To pass this course, students must obtain a minimum of 50% on invigilated assessments, with the 50% calculated on a weighted average basis.

Invigilated assessments include, in-class quizzes, in-class tests, midterm exam and the final exam.

Students must write both the midterm examination and the final examination to obtain credit for the course.

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.

course prerequisites

ACCT 2320 with a grade of "C" or better AND (ACCT 3310 OR ACCT 3410 with a grade of "C" or better)

curriculum guidelines

Course Guidelines for previous years are viewable by selecting the version desired. If you took this course and do not see a listing for the starting semester/year of the course, consider the previous version as the applicable version.

course schedule and availability
course transferability

Below shows how this course and its credits transfer within the BC transfer system. 

A course is considered university-transferable (UT) if it transfers to at least one of the five research universities in British Columbia: University of British Columbia; University of British Columbia-Okanagan; Simon Fraser University; University of Victoria; and the University of Northern British Columbia.

For more information on transfer visit the BC Transfer Guide and BCCAT websites.

assessments

If your course prerequisites indicate that you need an assessment, please see our Assessment page for more information.