University of Southern California



UNIVERSITY OF SOUTHERN CALIFORNIA SCHOOL OF POLICY, PLANNING, AND DEVELOPMENT

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

Fall 2012

Time: Mondays 6:00 - 9:30 P.M., Place: RGL 101

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: Raffoul@usc.edu

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

SUPPLEMENTAL TEXTBOOK

• Gapenski, Healthcare Finance: An Introduction to Accounting and Financial Management (Health Administration Press, 5th edition, 2012).

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 2012

CLASS SCHEDULE

| | | |

| | | |

|SESSION |TOPIC/READING |ASSIGNMENT DUE |

| | | |

|Aug 27 |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 | |

| | | |

|Sept 3 |No Class – Labor Day |No Class – Labor Day |

| | | |

| |Chapter 15: The accounting cycle; the accrual concept and measurement; |Chapter 15: Questions: 1-16 |

|Sept 10 |Financial Statements; Adjusting entries; Closing entries, Textbook: Razek |Exercises 9, 10 |

| | | |

|Sept 17 |Chapter 15: Review the Fundamentals of Accounting. Textbook: Razek |Chapter 15: Exercises: 13, 14, 15, 17 Chapter 15: Problems 1 -|

| | |5 |

| | | |

|Sept 24 |Chapter 1 Not-for-Profit environment and its unique aspects of accounting |Ch 2: Problems: 5, 7, 11, 12, 13 |

| |and financial analysis: Textbook: Razek | |

| | |Test 1: Chapter 15 Razek 60 minutes |

| |Chapter 2: Principles of Fund Accounting and Reporting; Categories and Type| |

| |of Funds | |

| | | |

|Oct 1 |Chapter 4: Governmental Fund Accounting Cycle: General Fund and Special |Ch 4: Problems 2, 4, E10 |

| |Revenue Funds | |

| | | |

| |Chapter 5: Property Tax Accounting, Budgetary Accounting, Inter-fund |Ch 5: Problem 2, 9, 12 |

| |Activity | |

| | | |

|Oct 8 |Chapters 9: Reporting Principles and Preparation of Fund Financial |Ch 9: Problems: 1, 2, 3, 5 |

| |Statements | |

| | | |

| |Chapter 10: Government-Wide Financial Statements |Ch 10: Problems: 2, 4 |

| | | |

|Oct 15 |Chapter 3: Perspectives on Cost, Textbook: Hankins |Ch 3: Exercises: 1, 2 Pg 45 |

| | | |

| |Chapter 4: Introduction to Costing: Textbook: Hankins |Ch 4: Problem: Pg 77 |

| | | |

| | |Test II: Chapters 1,2,4,5,9,10 Razek |

| | | |

|Oct 22 |Chapter 5: Formalizing the activities and costs |Homework to be handed out |

| | | |

| |Chapter 6: Organization Structure and Costing. Textbook: Hankins | |

| | | |

|Oct 29 |Chapter 8-9: Activity Based Costing, Textbook:Hankins | |

| | | |

| |Chapter 10: Traditional Costing: Textbook: HankinS |Ch 10: Problem 1, 2 Pg 223 |

| | | |

|Oct 29 |Chapter 12: Budgets, Budgeting and Control. Textbook: Hankins. |Test III: Chapters 3,4,5,6,9,10 Henkins |

| |Chapter 3: Budgeting Process Textbook: Razek | |

| | | |

|Nov 5 |Chapter 13: Cost Variance Analysis. Textbook: Hankins |Ch 13: Problem 1, 3 Pg 295 |

| | | |

|Nov 12 |Chapter 14: Clasical Cost-Based Decision Models: Textbook: Hankins: |Problem 14: 1,3,4 Pg 326 |

| |Chapter 16: Management Accounting Reports: Textbook: Hankins | |

| | | |

| | | |

|Nov 19 |Chapter 12: Accounting for Not-for-Profit Organizations: Textbook: Razek | |

| | |Ch 12: Problems: 3, 4 |

| | | |

|Nov 26 |Chapter 13: Accounting for Healthcare Organizations: Textbook: Razek |Ch 13: Problems: 1, 2, 3 |

| |Financial Accountability: Handout | |

| | | |

|Dec 3 |Course Review | |

| | | |

|Dec 10 |No Class –Study Period | |

| | | |

|Dec 17 |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 required to 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, it takes about 3-4 hours to complete the weekly homework

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

Continued on next page:

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 2012

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