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COURSE CODE:
PREREQUISITE:
GENERAL OBJECTIVES: Upon completion of this course, the learners are expected to:
1. Demonstrate knowledge, skills and positive attitudes to the concepts and principles of
financial reporting for government entities and non-profit organizations as applied to real
life situations.
2. Identify and differentiate the principles used in the financial reporting of government
entities and non-profit organizations from those used by business entities.
3. Manifest understanding how the government obtains funds and utilize those funds in
accordance with relevant laws, as well as with generally accepted principles and
practices of accounting, management and fiscal administration.
4. Demonstrate knowledge and skills in recording transactions and preparing general
purpose financial statements of government entities.
5. Manifest understanding on how non-profit organizations report on their stewardship over
the resources they have received as contributions from third parties.
Learning Goals Content Topic Learning Outcomes OBE Methodologies Time Allotment Evaluative
Measures
FIRST GRADING COVERAGE 16 hrs.
To instill knowledge OVERVIEW OF The learners are 1. Lecture/PowerPoint 2 hrs. 1. Seat works
to students GOVERNMENT expected to be able to: presentation 2. Recitation
regarding the ACCOUNTING 1. Differentiate 2. Application of 3. Assignments
financial reporting 1. Responsibility, government concepts 4. Quiz
framework of Accountability accounting from 3. Classroom Q&A
government entities. and Liability over the accounting for
government business entities.
funds and 2. State the
property government
2. Accounting entities charged
responsibility with accounting
3. The GAM for responsibility.
NGAs 3. Describe briefly the
4. Basic accounting GAM for NGAs.
and budget 4. State the basic
reporting principles used in
principles government
5. Qualitative accounting.
characteristics 5. State the
6. Elements of recognition criteria
financial for assets.
statements
To provide students THE BUDGET The learners are 1. Lecture/PowerPoint 2 hrs. 1. Seat works
with an overview of PROCESS expected to be able to: presentation 2. Recitation
the government 1. The national 1. Enumerate the 2. Application of 3. Assignments
budget process budget. steps in the budget concepts 4. Quiz
2. The budget process. 3. Classroom Q&A
cycle. 2. Describe briefly the
principles of
responsibility
accounting.
To instill knowledge REVENUES AND The learners are 1. Lecture/PowerPoint 2 hrs. 1. Seat works
to students OTHER RECEIPTS expected to be able to: presentation 2. Recitation
regarding the 1. Fundamental 1. State the sources 2. Application of 3. Assignments
sources of, and principles for of revenue of a concepts 4. Quiz
accounting for, revenue government entity. 3. Classroom Q&A
revenues and other 2. Sources of 2. State the
receipts of Revenue recognition and
government entities 3. Other receipts measurement of
revenue.
To instill knowledge DISBURSEMENTS The learners are 1. Lecture/PowerPoint 2 hrs. 1. Seat works
to students 1. Fundamental expected to be able to: presentation 2. Recitation
regarding the principles for 1. State the main 2. Application of 3. Assignments
modes of, and disbursement of concepts in the concepts 4. Quiz
accounting for, public funds. disbursement of 3. Classroom Q&A
disbursements of 2. Authority to government funds.
government funds. disburse 2. Account for the
3. Basic different modes of
requirements disbursements.
and
certifications for
disbursements
4. Modes of
disbursements
FIRST GRADING EXAMINATION 2 hrs.
Sub-total hrs. 18 hrs.
To instill knowledge INVENTORIES The learners are 1. Lecture/PowerPoint 2 hrs. 1. Seat works
to students 1. Measurement expected to be able presentation 2. Recitation
regarding the 2. Cost formulas to: 2. Application of 3. Assignments
accounting for and 3. Procedures in 1. Account for concepts 4. Quiz
disposition of the receipt and inventories by a 3. Classroom Q&A
inventories by disposition of government
government inventories by entity.
entities government 2. Describe the
agencies procedures in the
receipt and
disposition of
inventories by a
government
entity.
To instill knowledge AGRICULTURE The learners are 1. Lecture/PowerPoint 2 hrs. 1. Seat works
to students 1. Recognition and expected to be able presentation 2. Recitation
regarding the measurement to: 2. Application of 3. Assignments
accounting for 2. Determination 1. Differentiate concepts 4. Quiz
biological assets of fair value between the 3. Classroom Q&A
and agricultural 3. Disclosures following:
produce. biological assets,
agricultural
produce and
inventory.
2. State the initial
To instill knowledge INVESTMENT The learners are 1. Lecture/PowerPoint 2 hrs. 1. Seat works
to students PROPERTY expected to be able presentation 2. Recitation
regarding the 1. Recognition and to: 2. Application of 3. Assignments
accounting for measurement 1. Define an concepts 4. Quiz
investment 2. Transfers investment 3. Classroom Q&A
property 3. Derecognition property and give
4. Impairment examples.
2. State the initial
and subsequent
measurements of
an investment
property.
3. Account for the
impairment of
investment
property, and the
reversal thereof.
To instill knowledge PROPERTY, PLANT The learners are 1. Lecture/PowerPoint 4 hrs. 1. Seat works
to students AND EQUIPMENT expected to be able presentation 2. Recitation
regarding the 1. Recognition and to: 2. Application of 3. Assignments
accounting for and measurement 1. State the initial concepts 4. Quiz
disposition of 2. Items of PPE and subsequent 3. Classroom Q&A
property, plant and peculiar to measurements of
equipment by government items of PPE of
government entities government
entities. 3. Idle, fully entities.
depreciated, 2. Describe the
unserviceable following and state
and lost PPE their peculiar
4. Procedures in accounting
the receipt and requirements:
disposition of Heritage Assets,
PPE by Infrastructure
government Assets, and
agencies Reforestation
5. Borrowing costs Projects.
Course Code: Course Description: Effectivity: Date revised: Page 5 of 10
Accounting for Government 2 Sem., SY 2017- Sept. 10, 2017
nd
For Professional Board Examination Subjects: the cut-off score is 70%. The highest possible grade is
ninety-nine (99); the lowest passing grade is seventy-five (75); and the lowest failing grade is sixty-
five (65).
TEXTBOOK
Millan, Zeus Vernon B., Government Accounting and Accounting for Non-profit Organizations (2018),
Philippines: Bandolin Enterprise
REFERENCES
Government Accounting Manual for National Government Agencies (GAM for NGAs), Philippines:
Commission on Audit, 2016
Philippine Public Sector Accounting Standards (PPSAS), Public Sector Accounting Standards Board
(PSAcSB), Office of the COA Chairman
WEBSITE REFERENCES
https://www.coa.gov.ph/
http://www.iasplus.com/
http://www.picpa.com.ph/
Prepared by:
Noted by: