| ISBN: 978-1-61853-273-2 | Copyright 2019Tabs
This workbook and related instructional resources in myBusinessCourse are designed to develop accounting and auditing knowledge of state and local governmental entities and not-for-profit entities sufficient to pass related parts of the CPA exam. Further, use of active-learning assignments that take students to real-world financial statements, standards-setters’ websites, Accounting Standards Codification, academic research, and IRS Form 990s develop critical thinking skills needed by auditors, consultants, financial managers, board members, taxpayers, and philanthropists. Author-prepared eLectures, Guided Examples, question bank, and activities provide instructors with a platform on which to customize a 1 credit or 3 credit; flipped or lecture; hybrid/online or in-person; undergraduate or graduate course for students in accounting, public administration, and nonprofit management programs.
The instructional approach for which these resources were designed is one in which students are actively engaged in learning about accountability in the government and not-for-profit sector entities by examining real-world financial statements and authoritative sources. Students will learn by doing. Traditional texts for lecture formats do not match up with this approach.
This workbook is the cornerstone to an instructional approach that includes in-class and out-of-class assignments available in myBusinessCourse, Cambridge Business Publisher's online learning and assessment system. Assignments include activities and multiple choice questions that can be done individually or in teams.
The workbook text is intentionally kept to a minimum so students will use the tables and figures to develop a framework for recognizing accounting, reporting, and auditing issues.
Concepts and materials are presented in ten modules--the first module is an introduction to the GNP environment; two modules on not-for-profit organizations follow; five modules on state and local governments are next; a module on performance measurement and financial statement analysis follows; and finally, there is a module on auditing GNP entities that receive federal awards.
Not-for-profit organizations are presented before governmental entities to ease students' transition from business entities to not-for-profit organizations (both follow FASB guidance) to governmental entities that follow the more complex GASB financial reporting model. For simplicity, all modules have four learning objectives.
These materials are easily adapted to a variety of pedagogies and course formats. One approach is to have, for each module, students complete the following tasks:
1.) Pre-class: Read the module in the workbook, watch an eLecture video, review Guided Examples, and complete a self-assessment quiz.
2.) In class: Work on active-learning activities in teams or individually.
3.) Post-class: Follow up with individual activities.
Following this set of tasks for each module will prepare students to take an individual final exam at the end of the semester. If the instructor allows, the workbook can be used throughout the semester for notetaking and then as a resource in an open-book comprehensive exam. All in-class and out-of-class assignments can be retrieved from and dropped back to myBusinessCourse, thereby keeping the course "paperless".
This approach covers the content and skill specifications outlined by the American Institute of Certified Public Accountants' Blueprint for the current version of the Certified Public Accountants (CPA) exam. GNP topics are explicitly included in three of the four parts of the CPA exam. This instructional approach provides strategies and resources for staying abreast of current developments that may be on future versions of the CPA exam.
This workbook is fully integrated online with the instructional resources in myBusinessCourse designed to serve as a platform adaptable to a number of course configurations: 1- or 3-credit course; quarter or semester; online, hybrid, or lecture delivery. The workbook is also available to each student as a full eBook through myBusinessCourse where the content is bookmarked into smaller readings for each module.
Instructional resources in myBusinessCourse include:
In addition to these resources in myBusinessCourse, end-of-module supplemental resources in this workbook include:
• Three new modules that cover Business-Type Activities, Fiduciary Activities, Financial Statement Analysis
• Comprehensive Annual Financial Report set of 15 activities
• Activities Bank expanded to over 200 activities covering every learning objective in the workbook
• Multiple choice question bank updated and expanded
Module One: Introduction to the Government and Not-for-Profit Environment
Module Two: Not-for-Profit Organizations--Tax-Exempt Issues
Module Three: Not-for-Profit Financial Reporting
Module Four: State and Local Government (SLG) Financial Reporting
Module Five: Fund Accounting and General Fund Budgeting
Module Six: Governmental Activities: Capital Assets and Long-Term Liabilities
Module Seven: Business-Type Activities and Proprietary Funds
Module Eight: Fiduciary Activities and Funds
Module Nine: Performance Measurement Through Financial Statement Analysis
Module Ten: Government and Not-for-Profit Auditing
myBusinessCourse is a complete, secure, web-based training and e-Learning solution. There is nothing to download or install; it is accessible through any modern web browser and most mobile devices.