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Federal process to secure and manage funds administer federal grants and contracts in accordance with Federal Acquisition Regulation (FAR) and other rules and regulations

After completing this course, you should be able to:
apply knowledge of the federal process to secure and manage funds
administer federal grants and contracts in accordance with Federal Acquisition Regulation (FAR) and
other rules and regulations
research federal laws and regulations to formulate a plan of action for compliance
communicate federal financial management issues to stakeholders
detect and deter fraud, waste, and abuse
Click to access your course materials information (http://webapps.umuc.edu/UgcmBook/BPage.cfm?C=ACCT%2
0350&S=6380&Sem=2172)
Contacting your Faculty Member
You can use the Pager feature within the classroom to send a message to your faculty member.
Click the Classroom Walkthrough Videos link below, and then click The Pager link, to view a how?to video on
how to use the Pager function within the classroom:
Classroom Walkthrough Videos Link (http://www.umuc.edu/students/leo/videos.cfm)
Within the Content section of your classroom, view the Start Here section to learn more about contacting your
faculty member.
Technology resources:
Your work in this class will require, at a minimum, MS Word and, for calculations, MS Excel. Using Excel to
create and present solutions to problems is an important skill as is using Word for papers, reports, and
presentations. MS Power Point may be required for projects as well.
If you have any questions on the use of software or access to programs, please inquire of your professor.
Access to both MS Office and a PC computer is expected in all UMUC courses.
Academic Policies
University policy information is available in the classroom Content/Syllabus/Academic Policies. For a video
demonstration on how to select the Content link from the main navigation bar, follow the link below, and then
click on Course Content:
Classroom Walkthrough (http://www.umuc.edu/students/leo/videos.cfm)
GRADING INFORMATION
For more information about student services and other general information, visit UMUC?s website at http://www.
umuc.edu (http://www.umuc.edu)
This course consists of the following graded items:
Posts to Content Questions 10%
Projects ? 3 separate deliverables
(1) Budget proposal and defense 25%
(2) Audit plan of action 15%
(3) Fraud, waste, and abuse paper 10%
Quiz 1 and 2 40%
Total 100%
Due Dates: Assignments are to be submitted by 11:59 p.m. (EST) on the due date listed in the Course
Schedule.
No late assignments or exams or postings will be accepted without prior approval of the professor. Do not risk
being late.
Turn work in early. Work over the weekends! Ask questions, but again, no late assignments accepted.
Online Participation: Participation is not optional. It is mandatory. The only way that a student may earn
participation points is by responding to main topics and classmates’ responses in discussions as assigned. To
earn full credit, you must complete required postings. The only exception will be the picking an agency topic.
A traditional course (15 week semester) requires a student to attend 3 hours of class and complete activities,
including reading and assignments, of at least 3 hours for each credit hour. 3 x 3 = 9 plus 3 = 12 hours
minimum. Accounting may be more challenging than a traditional course. 12 ? 15 hours a week in a 15 week
semester. 180 hours minimum. An 8 week semester, then, will require at least 22 hours a week. Please plan
ahead. Create your personal plan for success. Ask questions. Participate.
Academic Honesty: All assignments are to be completed using only resources authorized by your professor.
Submissions should include only your work unless properly cited in APA format and following instructions
provided by your professor.
Participation
By registering for a Web?based course, students have made a commitment to participate in course discussions
as well as other online activities. Please plan to participate regularly. Participation for this course is defined as
proactive postings in weekly discussions and question presentations. This requires students to actively reflect on
weekly materials and activities and to develop original ideas in responses.
Students are expected to:
PROJECT DESCRIPTIONS
1. demonstrate critical thinking and understanding of the content in the assigned readings as they
relate to the issues identified in the discussions
2. make contributions in a main topic as well as respond with value?added comments to at least two
classmates, or as assigned.
3. respond to calls to action from the professor.
4. read all postings from the professor.
Students are expected to adhere to the general rules of online etiquette.
Accounting Toolbox:
Explore the course content for this class. Open the Accounting Toolbox. The Accounting Toolbox appears in
every UMUC undergraduate accounting course. Your professor will explain how the Accounting Toolbox will be
included in the discussions.
Department or Agency Budget Submission:
You are required to prepare a budget submission for a federal department or agency. You will research and
select a federal department or agency, review previous budget submissions and appropriations, and prepare a
budget submission for the current budget cycle, complete with appropriate justifications. This will be the same
agency for which you will select near the beginning of the class.
This must be in Microsoft (MS) Word ? not PDF, a google document, etc (10 points penalty if a PDF or other
format other than MS Word). You will get 7 point deduction if you provide the assignment late.
Components Assessed Meets
Minimally Meets
Expectations
Does Not Meet
Expectations
Points
Assignment
Management
Prepare a budget
submission for the current
budget cycle, complete with
appropriate justifications
(provide reasons for the
budget request)
15?20
The budget
addresses the
assignment in a
clear manner.
11?14
The paper fulfills the
assignment.
0?10
The paper does not
fulfill the
assignment.
20
Organization
and Structure
Your presentation, whether
in graphic or narrative form,
must be organized into the
budget categories in a clear
and understandable
manner
The paper cannot use
bullet points ? the paper
must use full sentences.
16?20
There is clear
organization at both
the macro and micro
levels. The writer
shows obvious
control of the
material and has
planned out the
order and method of
providing
information to the
reader.
11?15
The paper does a
sufficient job of
developing and
presenting the
information. There is a
slight problem in
organization at either the
macro or micro level;
however, the reader can
still follow the budget
submission.
0?9
The paper lacks
organizational
structure. The order
of budget appears
random, and
evidence is not
presented to the
reader in a logical
fashion. It is difficult
to follow the budget
submission.
20
Evidence/Arguments
Shows proper research of
the budget, including
sources.
20?25
The evidence
presented is
logically sound,
contextualized, and
is appropriately
researched and
supported, and
synthesized
11?19
Evidence is presented,
but may be predictable.
There is indication of
research, but that
research may not be fully
synthesized within the
argument, or the paper
may lack full analysis of
evidence and full
consideration of
alternative perspectives.
0?9
The paper contains
several (at least
three) logical
fallacies. The paper
contains irrelevant
support, and there
is insufficient
analysis and/or
depth of analysis..
25
Readability,
Style,
Mechanics
The presentation is wellwritten.
The paper is free
of grammatical and
typographical errors.
15?20
The tone and style
are appropriate for
the audience. There
are no proofreading
or grammatical
errors. Sentence
structure and diction
are effective and
diverse.
10?14
For the most part, tone
and style are appropriate
for the audience. There
are proofreading and/or
grammatical errors;
however, the errors do
not detract from the
readability of the project.
Sentence structure may
be rigid and unvarying.
0?9
tone and/or style
are not appropriate
for the audience.
Proofreading and/or
grammatical errors
detract from the
readability of the
paper. There are
major problems in
sentence structure
(run?ons,
fragments).
20
Presentation ? appropriately
organized, including
headers, page numbers, 4?
6 pages (not including
references, cover page).
Double spaced.
10?15
Your presentation
should be neat and
professional in
appearance, doing
justice to your
concepts and
content.
5?9
At least one of the
requirements is not
addressed in the
presentation.
0?4
More than one of
the requirements is
not addressed in
the presentation.
15
Audit Finding: Plan of Action:
You will prepare and present a plan of action in response to an actual audit finding for any federal department or
agency.
You will prepare and present a plan of action in response to an actual audit finding for a selected federal
department or agency. The paper must be double?spaced, with 12?point font and should reference the original
finding. This can be for any US federal agency.
The paper must be in MS Word, and not in PDF or any other format. You will get a 10 point deduction if you do
not use MS Word. You will get a 7 point deduction if the assignment is late.
Project Requirement
Does not
Meet
Expectations
Minimally
Meets
Expectations
Meets
Expectations
Lists recent instance (since Jan 1, 2015) of actual audit
finding for a federal department or agency.
0?3 Points 4?6 Points 7?10 points
Summarize the issue, what led to the issue occurring. 0?5 Points 5?10 Points 11?15 points
The paper should identify the steps the agency took (e.g.,
the OIG) to identify the issue
0?5 Points 5?10 Points 11?15 points
Delineate steps you recommend the agency should take to
avoid the issue in the future (e.g., improve specific internal
controls)
0?5 Points 5?10 Points 11?15 points
Proper research ? identify at least one sources, and
source(s) listed in a references section
0?3 Points 4?6 Points 7?10 points
Proper format: 3?5 pages of content + 1 cover page + 1 page
for sources; double spaced, section headings, page
numbers
0?5 Points 5?10 Points 11?15 points
Proper grammar and spelling (e.g., proper spelling,
punctuation, style, etc.)
5?10 Points 11?15 points 16?20 points
Paper on Fraud, Waste and Abuse
ACADEMIC POLICIES
You will prepare a two?page paper on a recent instance of federal fraud, waste, or abuse. The paper should be
based on research of a federal department or agency and how a current instance of fraud, waste, or abuse was
detected and addressed by that department or agency. This paper, including citations and bibliographic
references, is to be done in APA style.
Project Requirement
Does not Meet
Expectations
Minimally
Meets
Expectations
Meets
Expectations
Points
Lists recent (since January 2015) instance of
federal fraud, waste, or abuse in a federal
agency
0?3 Points 4?6 Points 7?10 points 10
Summarize the issue, what led to the issue
occurring. List the reason that the issue is
an instance of fraud, waste and abuse, and
list if the issue is fraud, waste or abuse.
0?5 Points 5?10 Points 11?15 points 15
The paper should identify the steps the
agency took (e.g., the OIG) to identify the
fraud
0?3 Points 4?6 Points 7?10 points 10
Delineate steps you recommend the agency
should take to avoid the issue in the future
(e.g., improve specific internal controls,
change hiring conditions)
0?5 Points 5?10 Points 11?15 points 15
Proper research ? identify at least two
sources, and sources listed in a references
section
0?5 Points 5?10 Points 11?15 points 15
Proper format: 2?3 pages of content + 1
cover page + 1 page for sources; section
headings, double spaced, page numbers
0?5 Points 5?10 Points 11?15 points 15
Proper grammar and spelling (e.g., proper
spelling, proper punctuation, etc.)
0?10 Points 11?15 points 16?20 points
Academic Policies and Guidelines
ACADEMIC INTEGRITY
As a member of the University of Maryland University College (UMUC) academic community that honors
integrity and respect for others you are expected to maintain a high level of personal integrity in your academic
work at all times. Your work should be original and must not be reused in other courses.
CLASSROOM CIVILITY
Students are expected to work together cooperatively, and treat fellow students and faculty with respect,
showing professionalism and courtesy in all interactions. Please review the Code of Civility for more guidance
on interacting in UMUC classrooms: https://www.umuc.edu/students/support/studentlife/conduct/code.cfm (http
s://www.umuc.edu/students/support/studentlife/conduct/code.cfm).
POLICIES AND PROCEDURES
UMUC is committed to ensuring that all individuals are treated equally according to Policy 040.30 Affirmative Acti
on, Equal Opportunity, and Sexual Harassment
(https://www.umuc.edu/policies/adminpolicies/admin04030.cfm).
Students with disabilities who need accommodations in a course are encouraged to contact the Office of
Accessibility Services (OAS) at accessibilityservices@umuc.edu (mailto:accessibilityservices@umuc.edu), or call
800?888?UMUC (8682) or 240?684?2287.
The following academic policies and procedures apply to this course and your studies at UMUC.
150.25 Academic Dishonesty and Plagiarism (https://www.umuc.edu/policies/academicpolicies/aa15
025.cfm) ? UMUC defines academic dishonesty as the failure to maintain academic integrity.
All charges of academic dishonesty will be brought in accordance with this Policy.
Note: Your instructor may use Turnitin.com, an educational tool that helps identify and
prevent plagiarism from Internet resources, by requiring you to submit assignments
electronically. To learn more about the tool and options regarding the storage of your
assignment in the Turnitin database go to: https://www.umuc.edu/library/libresources/turnitin.
cfm (https://www.umuc.edu/library/libresources/turnitin.cfm).
151.00 Code of Student Conduct (https://www.umuc.edu/policies/studentpolicies/stud15100.cfm)
170.40
170.41
170.42
The following policies describe the requirements for the award of each degree:
Degree Completion Requirements for the Graduate School (https://www.umuc.edu/policies/a
cademicpolicies/aa17040.cfm)
Degree Completion Requirements for a Bachelor?s Degree (https://www.umuc.edu/policies/a
cademicpolicies/aa17041.cfm)
Degree Completion Requirements for an Associate?s Degree (https://www.umuc.edu/policies/
academicpolicies/aa17042.cfm)
170.71 Policy on Grade of Incomplete (https://www.umuc.edu/policies/academicpolicies/aa17071.cf
m) ? The grade of I is exceptional and only considered for students who have completed 60%
of their coursework with a grade of B or better for graduate courses or C or better for
undergraduate courses and request an I before the end of the term.
170.72 Course Withdrawal Policy (https://www.umuc.edu/policies/academicpolicies/aa17072.cfm) ?
Students must follow drop and withdrawal procedures and deadlines available at https://ww
w.umuc.edu/ (https://www.umuc.edu/) under Academic Calendar.
130.80 Procedures for Review of Alleged Arbitrary and Capricious Grading (https://www.umuc.edu/p
olicies/academicpolicies/aa13080.cfm) ? appeals may be made on final course grades as
described herein.
205.06 Calculation Of Grade?Point Average (GPA) for Inclusion on Transcripts and Transcript Reque
sts (https://www.umuc.edu/policies/academicpolicies/aa20506.cfm) ? Note: Undergraduate
and Graduate Schools have different Grading Policies (i.e. The Graduate School does not
award the grade of D). See Course Syllabus for Grading Policies.
GRADING
According to UMUC?s grading policy, the following marks are used:
Undergraduate Graduate
A 90?100 90?100
B 80?89 80?89
C 70?79 70?79*
D 60?69 N/A**
F 59 or below 69 or below
FN Failure?Non attendance Failure?Non attendance
G Grade Pending Grade Pending
P Passing Passing
S Satisfactory Satisfactory
U Unsatisfactory Unsatisfactory
I Incomplete Incomplete
AU Audit Audit
W Withdrew Withdrew
* The grade of “B” represents the benchmark for The Graduate School. Students must maintain a Grade Point
Average (GPA) of 3.0 or higher. Classes where final grade of C or F places a student on Academic Probation
must be repeated.
** The Graduate School does not award the grade of D.
COURSE EVALUATION SURVEY
UMUC values its students’ feedback. You will be asked to complete an online evaluation toward the end of the
term. The primary purpose of this evaluation process is to assess the effectiveness of classroom instruction in
order to provide the best learning experience possible and make continuous improvements to every class.
Responses are kept confidential. Please take full advantage of this opportunity to provide your feedback.
LIBRARY SUPPORT
Extensive library resources and services are available online, 24 hours a day, seven days a week at https://ww
w.umuc.edu/library/index.cfm (https://www.umuc.edu/library/index.cfm) to support you in your studies. The
UMUC Library provides research assistance in creating search strategies, selecting relevant databases, and
CLASS & ASSIGNMENT SCHEDULE
evaluating and citing resources in a variety of formats via its Ask a Librarian service at https://www.umuc.edu/libr
ary/libask/index.cfm (https://www.umuc.edu/library/libask/index.cfm).
LEARNING MANAGEMENT SYSTEM SUPPORT
To successfully navigate the online classroom new students are encouraged to view the Classroom Walkthrough
under Help in the upper right menu of the LEO classroom. Those requiring technical assistance can access
Help@UMUC Support directly in LEO under the Help menu. Additional technical support is available 24 hours a
day, seven days a week via self?help and live chat at https://www.umuc.edu/help (https://www.umuc.edu/help) or
by phone toll?free at 888?360?UMUC (8682).
SYLLABUS CHANGES
All items on this syllabus are subject to change at the discretion of the Instructor and the Office of Academic
Affairs.
ACCT 350 Federal Financial Management ? Course Schedule
Foundation Internet Reference Resources:
? KPMG: http://www.kpmg?institutes.com/institutes/government?institute.html (http://www.kpmg?institutes.c
om/institutes/government?institute.html)
? Deloitte http://www.deloitte.com/view/en_US/us/Industries/US?federal?government/index.htm (http://ww
w.deloitte.com/view/en_US/us/Industries/US?federal?government/index.htm)
? Association of Government Accountants www.agacgfm.org (http://www.agacgfm.org)
? http://www.agacgfm.org/AGA/Research/CPAGResearch31_treasury.pdf (http://www.agacgfm.org/AGA/R
esearch/CPAGResearch31_treasury.pdf)
? http://www.agacgfm.org/AGA/Research/Resources/Online%20Library/Survey%20Reports/AGA_GT_201
6CFO (http://www.agacgfm.org/AGA/Research/CPAGResearch31_treasury.pdf)
? http://www.agacgfm.org/Tools?Resources/Overview.aspx (http://www.agacgfm.org/Tools?Resources/Ove
rview.aspx)
? Federal News Radio http://www.federalnewsradio.com
? Ernst and Young http://www.ey.com/US/en/Industries/Government???Public?Sector (http://www.ey.com/U
S/en/Industries/Government???Public?Sector)
? PWC: http://www.pwc.com/us/en/public?sector/publications/index.jhtml (http://www.pwc.com/us/en/public
?sector/publications/index.jhtml)
? https://cfo.gov/ (https://cfo.gov/) and https://www.whitehouse.gov/omb/financial_default (https://www.w
hitehouse.gov/omb/financial_default)
Note ? please read the slides for more websites, including required readings!
Week
#
Weekly Schedule: Topics and Details
Assignments ? ACCT 350
Federal Financial Management
1
Federal Financial Management
Legislation and Policy
Chief Financial Officers Act of 1990
Respond to Discussion Questions
2
Federal Budget
Accounting Issues; Budget Cycle
Respond to Discussion Questions
3
Budgetary & Proprietary Accounting
Sarbanes?Oxley (SOX)
Agency Budget Formulation
Respond to Discussion Questions
Quiz 1: weeks 1 and 2
4
Office of Management and Budget OMB and
Congressional Hearings
Respond to Discussion Questions
Budget Proposal and Defense
5
Appropriations and Spending Plans
Agency Budget Execution Government Performance
Results Act (GPRA)
Respond to Discussion Questions
Quiz 2: weeks 3 and 4
6
Federal Sarbanes Oxley Act
OMBA?123
FWA paper
Respond to Discussion Questions
7
Inspector General (IG)
General Accountability Office (GAO)
Respond to Discussion Questions
Audit Plan of Action
8
Federal Financial Management
The Big Picture: Summing Up Respond to Discussion Questions
Students can access their complete list of assignments and their corresponding due dates within the
Assignments section of the classroom by navigating to the Assignments section of the class from the main
navigation bar. Follow the link below, and then click Assignments, for a video demonstration on how to utilize
this feature.
Classroom Walkthrough Videos Link (http://www.umuc.edu/students/leo/videos.cfm)

Students also have access to a calendar tool on the course homepage within the classroom.