1. ACC 460 Entire course
Government and Non-Profit Accounting
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Week 1
Individual
Governmental Accounting Standards Board (GASB) and Financial Accounting
Standards Board (FASB) Analysis Paper
Prepare a 350- to 700-word paper comparing and contrasting GASB and FASB
accounting.
Explain the objectives of the two standards boards and how they are similar and
different.
Describe how the modified accrual basis of accounting differs from full accrual
accounting.
Format your paper consistent with APA guidelines.
Week 2
Individual
Ch. 1, 2, & 3 Textbook Exercises
Resources:Ch. 1, 2, & 3 of Government and Not-for-Profit Accounting
Prepare written answers to the following assignments from Government and Not-
for-Profit Accounting:
· Ch. 1: Exercise 1-1, Questions 1, 3, 4, 5, 7, & 8
· Ch. 2: Question for Review and Discussion 12. In addition to answering
question 12, provide a response in 150-350 words differentiating between a
budget and a Comprehensive Annual Financial Report (CAFR).
· Ch. 3: Exercise 3-2, Questions 1, 2, 3, 6, 8, & 9
Learning Team
CAFR Budget Analysis

2. Resources: Each team member’s CAFR list from Week One
Select one team member’s CAFR to be the basis for this and subsequent
Learning Team assignments, using the CAFRs chosen for the CAFR list activity
in Week One.
Locate and review a copy of the budget accompanying your selected CAFR.
Prepare a 700- to 1,050-word overview of the government that filed your selected
CAFR.
Include the following information in your overview:
· Population
· Governmental structure
· Size of budget and its interrelationship with the CAFR
· Major industries located in the entity
· Other pertinent demographic information
Format your paper consistent with APA guidelines.
Week 3
Discussion Questions
Respond to weekly discussion questions.
Individual
Ch. 2, 4, 5, & 6 Textbook Exercises
Resources:Ch. 2, 4, 5, & 6 of Government and Not-for-Profit Accounting
Prepare written answers to the following assignments from Government and Not-
for-Profit Accounting:
· Ch. 2: Exercise 2-1, Questions 1 through 10
· Ch. 4: Exercise 4-1, Questions 1 through 10, and Exercise 4-7, Question 1 & 2
· Ch. 5: Questions for Review and Discussion 1 & 2
o In your answers to the Ch. 5 questions, address how encumbrances affect the
expenses and expenditures.

3. · Ch. 6: Questions for Review and Discussion 1 & 6
Learning Team
Ch. 4 & 6 Textbook Problems
Resources:Ch. 4 & 6 of Government and Not-for-Profit Accounting
Prepare written answers to the following problems from Government and Not-for-
Profit Accounting:
· Ch. 4: Problem 4-16 – The distinction between exchange and nonexchange
revenues is not always obvious.
· Ch. 6: Continuing Problems 1–4, found at the beginning of the Problems section
at the end of the chapter. For this assignment, use the CAFR your team selected
in Week Two.
Week 4
Discussion Questions
Respond to weekly discussion questions.
Individual
Ch. 9 & 10 Textbook Exercises
Resources:Ch. 9 & 10 of Government and Not-for-Profit Accounting
Prepare written answers to the following assignments from Government and Not-
for-Profit Accounting:
· Ch. 9: Exercise 9-3, Part a
· Ch. 10: Questions for Review and Discussion 1, 5, & 15
Learning Team
Ch. 5 & 10 Textbook Problems
Resources:Ch. 5 & 10 of Government and Not-for-Profit Accounting
Prepare written answers to the following problems from Government and Not-for-
Profit Accounting:
· Ch. 5: Problem 5-11 – Nonexchange expenditures are the mirror image of
nonexchange revenues.

4. · Ch. 10: Problem 10-7, Parts 1, 2, & 3 – The basic financial statements of a
pension plan provide only limited amounts of information as to its economic
condition.
Week 5
Discussion Questions
Respond to weekly discussion questions.
Individual
Ch. 12 Textbook Exercises
Resources:Ch. 12 of Government and Not-for-Profit Accounting
Prepare written answers to the following assignment from Government and Not-
for-Profit Accounting:
· Ch. 12: Questions for Review and Discussion 1 & 2
Individual
SFAS 116 and 117 Executive Summary
Resources: Statements of Financial Accounting Standards (SFAS) 116 and 117;
sample Executive Summary
Write a one-page Executive Summary assessing the requirements of SFAS 116
and 117 and its effect on the financial statements.
Refer to the sample Executive Summary located on the student website under
the Assessment section of Week Five for instructions on how to format your
assignment.
Format your paper consistent with APA guidelines.
Individual
Accountability in Reporting Memo
Write a one-page, double-spaced memo to a nonfinancial audience explaining
how increasing scrutiny and demand for accountability by the public has
influenced reporting for not-for-profit and governmental entities.
Cite all of your sources.
Learning Team

5. Ch. 9 & 11 Textbook Problems
Resources:Ch. 9 & 11 of Government and Not-for-Profit Accounting
Prepare written answers to the following problems from Government and Not-for-
Profit Accounting:
· Ch. 9: Continuing Problems 1–6, found at the beginning of the Problems section
at the end of the chapter. For this assignment, use the CAFR your team selected
in Week Two.
· Ch. 11: Continuing Problems 1–6, found at the beginning of the Problems
section at the end of the chapter. For this assignment, use the CAFR your team
selected in Week Two.