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National College Credit Recommendation Service

Board of Regents  |  University of the State of New York

New York State Office of the State Comptroller | Evaluated Learning Experience

Governmental Accounting and Management (Track II)

Formerly Business Management and Accounting (Track II)
Location: 
NYS Office of State Comptroller, Albany, NY and New York, NY.
Length: 
300 hours (12-week summer program) or 540 hours (30-week semester program).
Dates: 
May 2013 - Present.
Instructional delivery format: 
Traditional classroom model
Learner Outcomes: 

Upon successful completion of the course, students will be able to: explain the practice of solving business problems in a variety of situations and appropriately apply required skills necessary to manage a business; compare and contrast state and local government finance; explain and apply the principles of tax policy and tax analysis and the fiscal policy choices that New York and other states make in their respective budgets; outline the complexity of the process that occurs to collect, analyze, and report information from a variety of sources in the timely assurance of the State’s GAAP (Generally Accepted Accounting Principles) Financial statements; identify and explain the characteristics that distinguish governmental and not-for-profit entities from for-profit entities; identify the authoritative bodies responsible for setting financial reporting standards for state and local governments, the federal government, and not-for-profit organizations; explain the minimum requirements for general purpose external financial reporting for state and local governments and how they relate to comprehensive annual financial reports; identify and describe the required financial statements for the federal government and not-for-profit organizations; explain the role of strategic planning; discuss the agency’s budget process;  define business analysis and its role in developing organizational strategies; define internal controls and risk mitigation; and orally present the final project.

Instruction: 

This internship provides opportunities for students to participate in an academic program that prepares them for business leadership by offering a broader overview of business management practice in order to expand their knowledge base of basic business practices and models. Additionally, students gain and utilize knowledge of business management with practical applicability within the New York State Office of the State Comptroller (OSC) in a variety of capacities. Major topics include: Real Property Tax Cap; Financial Reporting; Information Protection and Security; Fraud Awareness; Bond Calendar; Overview of the NYS and OSC Budget Process; Introduction to Business Analysis;

Credit recommendation: 

In the upper division baccalaureate degree category, up to 13 semester hours as an onsite supervised internship or field experience in Accounting, other appropriate academic departments, or as a general elective (4/13) (9/18 revalidation). NOTE: Credit recommendations are valid for both the 12-week summer intensive or the regular 30-week semester experience.

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