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Peer Review

The Fund Identification Challenge

by Susan Moncada


Overall Numeric Rating:

5 stars
Content Quality: 5 stars
Effectiveness: 5 stars
Ease of Use: 5 stars
Reviewed: Nov 02, 2012 by Business Editorial Board
Overview: Knowing the fund structure for state and local governments is a key concept students must master early in their study of governmental accounting. In addition, students must be able to identify which fund would be used to account for various activities in which a government engages. This PowerPoint game is a drill and practice/review activity fashioned after the popular TV game show, Hollywood Squares. The celebrities in the Fund Identification Challenge are past Presidents of the United States. The Presidents have responded to a question, and the game participants either agree or disagree with the response to earn the square. The 27 real-world examples found in the game were derived by examining the Comprehensive Annual Financial Reports (CAFR) of various cities. The game covers the five Governmental Funds, two Proprietary Funds & four Fiduciary Funds
Type of Material: Drill and Practice
Recommended Uses: In class, homework, as team, and for online courses
Technical Requirements: PowerPoint, Browser
Identify Major Learning Goals: To assess 1.How well students know the fund accounting structure used by state and local governments. 2.Whether students can identify the fund that would be used to account for a specific activity.
Target Student Population: Upper division undergraduate course in government accounting, or graduate level course. Also appropriate in advanced accounting courses which sometimes are students' only exposure to government accounting.
Prerequisite Knowledge or Skills: Some knowledge of governmental accounting.

Evaluation and Observation

Content Quality

Rating: 5 stars
Strengths: Especially beneficial in showing the ability to use the material in multiple ways, for example in online courses. Very beneficial to have provided an extra version so that students cannot merely memorize if using this for review purposes. This game makes learning a rather dry subject much more interesting.
Concerns: None

Potential Effectiveness as a Teaching Tool

Rating: 5 stars
Strengths: Excellent, even a couple of the items where answers could be debatable (for example, mass transit in some cities could be accommodated via special revenue, rather than enterprise funds), but these couple items would allow favorable discussion in the class as to intentions of the government body. Also some of the harder fund types for students to grasp, namely permanent funds, investment trust funds, agency fund recognition are included which is helpful for students to fully master and see examples. This fun way to learn should interest students with the color, president pictures and game aspects.
Concerns: None

Ease of Use for Both Students and Faculty

Rating: 5 stars
Strengths: Incredibly engaging; having the US presidential images is an appropriate inclusion. I have classroom tested this module in both graduate and undergraduate courses, and it will generate positive classroom interaction. It was very well received with both traditional and nontraditional learners. Very interactive resource.
Concerns: None

Other Issues and Comments: Wonderful, practical useful tool to illustrate and review fund classification concepts. Check out this resource and if you teach governmental accounting, be sure to use this in class and/or add it to your online class shell.