Syllabus Sections
- READINGS
- FREQUENTLY ASKED QUESTIONS
- MANDATORY ONLINE ORIENTATION
- INSTRUCTOR INFORMATION
- COURSE REQUIREMENTS
- INSTRUCTION EXPECTATIONS
- STUDENT EXPECTATIONS
- INFORMATION FOR POTENTIAL CPA CANDIDATES
- DUE DATES
- COURSE SUBJECTS
- STUDENT LEARNING OUTCOMES/LEARNING OBJECTIVES
Publish Date
01/17/2018 12:30:51
Advanced Theory and Problems in Accounting
ACNT-2375
Credit Spring 2018
02/12/2018 - 05/13/2018
Course Information
Section 003
Distance Learning
ONL DIL
Sheila Ammons
Office Hours
-
NULL - NULL
Online Office Hours
Online students - refer to the Blackboard course for additional information.
Contact sammons@austincc.edu for additional information.
Readings
Required Material - Each student needs to acquire the following two texts:
1. Skills for Accounting Research, 3e FASB Codification and eIFRS , 3rd edition, Shelby Collins ISBN: 978-1-61853-177-3, Copyright 2016. Access to myBusinessCourse is also required. Ways to acquire the text and access to myBusinessCourse: Go to: https://cambridgepub.com/book/accounting-research-3e
- Students can purchase a new text for about $87.50 or the eBook for about $70.00 from the publisher. Either option includes the myBusinessCourse access code. Click here to access the publisher's website: https://cambridgepub.com/book/accounting-research-3e#purchase
- Click here for information from the ACC Bookstore: ACC Bookstore Link If a new text is purchased, the myBusinessCourse access code is included.
- If a used text is acquired, the myBusinessCourse access code can be acquired from the publisher for $70 (6 month subscription). This may result in a higher total cost as compared to the cost of acquiring a new hard copy text or the eBook. Click here to access the publisher's website: https://cambridgepub.com/book/accounting-research-3e#purchase
For students who prefer a hard copy text, the best option is to acquire the new text from the publisher for about $87.50 plus shipping (approximately $10).
2. Accounting and Auditing Research: Tools and Strategies, 8th Edition, Thomas R. Weirich, Thomas C. Pearson, Natalie Tatiana Churyk, ISBN 978-1-118-02707-3, copyright 2014
Students can either purchase (or rent) a hard copy text or use the eText from the publisher or from the ACC Bookstore. Students are not required to acquire a new text or access to additional publisher products.
Purchase options include:
- Wiley E-Text: Accounting and Auditing Research: Tools and Strategies, 8th Edition, September 2013, ©2014, ISBN : 978-1-118-80649-4, 272 pages for about $62.50.
- Paperback: Accounting and Auditing Research:mTools and Strategies, 8th Edition, September 2013, ©2014, ISBN : 978-1-118-02707-3, 272 pages for about $95.95
Click her for information from the publisher: Publisher Link
Click here for information from the ACC Bookstore: ACC Bookstore Link
For this text, the best option is either the Wiley E-Text or a used text.
FREQUENTLY ASKED QUESTIONS
Frequently Asked Questions
Will this course fulfill the research and analysis requirement of the Texas State Board of Public Accountancy?
Accounting Research and Analysis- Two semester hours are required in accounting research and analysis. The semester hours may be included in the 30 semester hour accounting requirement. The following course(s) meet the Board’s requirements for a discrete (stand-alone) course in accounting research and analysis.
ACNT 1393 Special Topics in Taxation: Federal Tax Research
ACNT 2375 Advanced Theory and Problems in Accounting
Why do we focus on communication and critical thinking skills? This is a research course.
Communication and critical thinking skills are essential in the practice of accounting. Communication is needed to develop facts, document the research process, and convey the results of the research. Critical thinking skills are needed to obtain the relevant facts, determine the research issue(s), plan the research process, perform the research, arrive at a tenable conclusion, and communicate results.
Always remember ‘There is no such thing as good writing – just good re-writing.’ Take time to edit all of your work – whether it is an e-mail, a DB posting, a quiz, an exam, a paper, a case, etc. Everything that you write is important. Show the reader that you have taken the time to present the material in a concise and logical manner, that the material is complete and accurate, and that you have applied proper grammar and accurate spelling to the document. Poorly written communications will result in lower scores on the document. Get into the habit of proofing and editing your work. It is a great habit.
Why do you expect professionalism in all aspects of the course?
ACNT 2375 is a capstone course that requires students to apply knowledge obtained in prerequisite courses. These courses are a ‘bridge’ between a classroom setting and a work setting. Students are expected to (1) produce well written documents (proper grammar and correct spelling), (2) submit their own work (plagiarism will result in penalties which can include an F in the course and/or expulsion from ACC, (3) use judgment in completing assignments (do not expect a lot of ‘hand-holding’), (4) work at the synthesis and evaluation level of Bloom’s Taxonomy, (5) reach tenable conclusions, and (6) prepare professional communications.
Since the Texas State Board of Public Accountancy (Board) accepts ACNT 2375 for the research and analysis requirement, the courses are administered in a way that shows the Board that the courses are rigorous, support all course objectives, and prepare students to apply GAAP. Accreditation Agencies, students and employers (current and future) expect nothing less than this type of course.
What is the estimated time commitment for this course?
A three-hour, upper-level accounting course generally requires a weekly commitment of 3 hours in the classroom and 9-12 hours outside of the classroom. Since this is an online course, the total commitment should be 12-15 hours per week. The use of the Internet will range between 8 and 15 hours per week. Hands on practice with the Accounting Standards Codification (ACNT 2375) and Checkpoint (ACNT 1393) is required .
Be sure to have quality time for this course. The nature of the assignments and the difficulty of the material require that students have sufficient time to devote to the readings and the assignments. There are no short cuts to completing the course requirements.
What is the course like?
This is a multimedia course developed to meet the demands of non-traditional students. The course is delivered over the Internet and you communicate with your instructor and classmates using your computer. Like the traditional classroom setting, you will complete homework, discussion questions, papers, and quizzes by utilizing Internet, word processing, spreadsheets, internet research, online discussion boards, blogs, journals, and e-mails. The difference between this online course and a traditional classroom course is the use of the Internet, as well as the flexibility of not having to come to a campus for the 3 hour class.
If you do not have a reliable computer and/or Internet connection, you can use the computers at any ACC Library. Be sure to schedule quality time, every week, so you can work and keep caught up. You must use the Internet and check the Blackboard course at least two times every week to be successful in this course. The use of the Internet will range between 8 and 15 hours per week. (This is an Internet driven course.)
This course is delivered via Blackboard. This is a password protected communication platform. This system works best with Firefox. You need to access the Blackboard course via a reliable Internet provider using a high speed internet connection. Do not get behind. It is critical that you log into Blackboard site at least 2 times per week. If you cannot make this type of commitment, this is not the right course for you.
How do I take the exams?
Exams are taken at any of the ACC testing centers. Students who live outside the Austin area and cannot travel to an ACC Testing Center may be able to have their exams proctored at another location through the Distance Testing procedures. The required Distance Learning Request Form must be submitted by the end of the second week of the semester.
How do I complete the mandatory online orientation?
The mandatory online orientation is available in Blackboard in the Start Here tab. During the mandatory online orientation, you will be introduced to the course, syllabus, instructor, and course guidelines/requirements. Students who register during adds/drops will be added to Blackboard the day after enrollment.
This orientation will become available in the Blackboard course on 1/10/18 and must be completed by 9 PM on 1/20/18. Students will be withdrawn from the course if they do not complete all components of the mandatory orientation by 1/20/18.
What technology do I need? What are the computer requirements for this course?
This course requires that you have high-speed internet access. You must be able to view audio and video files in flash. (Your computer will need to have a sound-card or speakers.) You must have access to Excel and word processing (save documents as doc, docx, pdf, xls, xlsx, or rtf files). Mac users can save the spreadsheet and word processing files in a format that can be accessed by PC users (the professor is a PC user).
Other technology requirements will be explained during the online orientation.
If you do not have a dependable computer or access to Microsoft Office, you can work at any ACC Library computer lab.
How do I communicate with the professor?
All students must use their ACC g-mail account. The professor will respond only to e-mails submitted through the ACC g-mail account. Students can also send e-mails via the Blackboard course.
The professor sends important course information via ACC g-mail. Students need to monitor their g-mail accounts daily. This same information is also posted as an Announcement on Blackboard. For this reason, students MUST check the Blackboard and ACC g-mail at least 2 times per week.
Is this course self-paced?
This is NOT a self-paced course. This is a highly interactive course (students interact with the instructor and with each other). This means that the course moves at a set pace. Students cannot work ahead or fall behind. There are mandatory due dates. Students must devote time to this course every week.
The course syllabus includes the due dates. Late assignments will not be accepted for grading.
What happens if I ask for an extension? What if I get sick, have an emergency, or have a work commitment?
Because this is an interactive course, it is critical that all students stay on schedule. The material covered in the first part of the course is applied in case studies and course project. This means that the material builds and is used in the application process (case studies and course project).
Here is the policy for missing deadlines:
Due Dates for Exams: An extension may be granted in the case of an emergency. If this happens: (1) contact the instructor by phone or e-mail before the exam deadline and (2) submit verification of the emergency (for example, in case of personal illness, submit a statement from the doctor which shows the period of time you are unable to attend work or school; in case of death or serious illness of a close friend or family member, submit information about the nature and location of the emergency and when you will be able to take the quiz or exam; in case of work or military orders, submit a letter from the supervisor which states the dates and location of the assignment). If the verification is submitted, one extension may be granted. Stay on schedule and complete exams and other assignments a few days early. This allows you to meet deadlines and keep from getting behind.
If one or two homework assignments are missed, the points will not be substantial (perhaps 50 of 1,000 course points). Since this is an online course, there is some flexibility in that students do not have to be on campus at designated times. This allows students to work at the times that are best for them.
Why do you not allow us to work ahead or submit assignments after the due date? We are busy. Many of us travel for work, have work deadlines that require our attention, take other demanding courses, and/or have personal commitments that keep us from meeting deadlines. We need a flexible course.
ACNT 2375 is an interactive research and analysis course. If students work ahead or fall behind, the interaction (between students and instructor as well as between students) does not occur. There is some flexibility in the course, but students are still expected to be involved every week. Try to organize work and personal commitments to allow weekly activity.
Why do you expect me to remember GAAP ? I have completed the prerequisite courses and now I am taking a research course.
ACNT 2375 is an interactive research and analysis course. The course is taken after students gain the foundation from the prerequisite courses (ACNT 2375 – 20 hours of upper-level accounting). Thus, the course is designed to allow students to apply knowledge from the pre-requisite courses. Students do not have to have all prior knowledge memorized. Students do, however, need to have a good foundation that allows them to research issues and understand the related GAAP (ACNT 2375).
In addition, ACNT 2375 allows students to transition from acquiring knowledge to applying the knowledge in a professional setting.
Does anyone pass?
Generally, students ACNT 2375 are hard working and do very well in the course. The time invested in the course preparation generally pays off with grades of A or B. However, the successful students invest a minimum of 12-15 hours in the course and master the course objectives.
This distance learning course is just as difficult as an on campus course. Some drop because they fail to keep up with the rapid pace (same as the on campus course). Before you enroll, make sure that you will be successful in the course. This course will be time consuming and you cannot get behind with the requirements.
The course is challenging. We have difficult material to cover. Research is not easy. The cases are challenging. Working together, we can be successful. The key is performing the work, applying knowledge from the prerequisite courses, learning the new course material, and staying on schedule.
MANDATORY ONLINE ORIENTATION
The mandatory online orientation is available in Blackboard under the Start Here tab. Students will be introduced to the course, syllabus, instructor, and course guidelines/requirements. Students who register during adds/drops will be added to Blackboard the day after enrollment.
This orientation will become available in the Blackboard course on 2/7/18 and must be completed by 9 PM on 2/15/18. Students will be withdrawn from the course if they do not complete all components of the mandatory orientation by 2/15/18.
instructor information
Professor Sheila Ammons
sammons@austincc.edu | ||
Work Phone | 223-4949 | |
Office Location | online | |
Office Hours | http://www6.austincc.edu/directory/info.php?id=sammons | |
Personal Link |
http://www.austincc.edu/sammons/AmmonsResume The above links open easier if you right click and open in a new window. |
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Notes The best way to contact me is via e-mail. I check e-mail throughout each day. Use the course Discussion Board for course related questions and concerns. This allows all students to view the comments. If you need to meet with me, send an e-mail and we can schedule an appointment. |
Course Requirements
ACNT 2375 Course Description: As a capstone experience, students use case studies, database research and group projects to apply knowledge obtained in previous accounting courses. Case studies incorporate governmental, audit, internal control, accounting information system and financial accounting issues. Course Credit: 3-3-0 – 3 credit (lecture) hours
Prerequisites: Student must have completed a minimum of 20 hours of upper level accounting coursework. Students who are completing the AAS - Accounting Specialist degree must take this course during their last semester. Any student who does not meet the prerequisite will be dropped from the class.
Texas State Board of Public Accountancy - Accounting Research and Analysis - Two semester hours are required in accounting research and analysis. The semester hours may be included in the 30 semester hour accounting requirement. The following course(s) meet the Board’s requirements for a discrete (stand-alone) course in accounting research and analysis.
ACNT 1393 Special Topics in Taxation: Federal Tax Research
ACNT 2375 Advanced Theory and Problems in Accounting
Course Rationale: The goals and objectives of this course prepare students for (1) completing degree requirements, (2) obtaining or improving job skills, (3) qualifying for a business or accounting job, (4) working as an entrepreneur, (5) fulfilling personal goals, and/or (6) understanding financial statements and the basic accounting process.
ACC Policies:
Attendance/Class Participation Regular and punctual class and laboratory attendance is expected of all students. If attendance or compliance with other course policies is unsatisfactory, the instructor may withdraw students from the class.
Withdrawal Policy It is the responsibility of each student to ensure that his or her name is removed from the roll should he or she decide to withdraw from the class. The instructor does, however, reserve the right to drop a student should he or she feel it is necessary. If a student decides to withdraw, he or she should also verify that the withdrawal is submitted before the Final Withdrawal Date. The student is also strongly encouraged to retain their copy of the withdrawal form for their records.Students who enroll for the third or subsequent time in a course taken since Fall, 2002, may be charged a higher tuition rate, for that course.State law permits students to withdraw from no more than six courses during their entire undergraduate career at Texas public colleges or universities. With certain exceptions, all course withdrawals automatically count towards this limit. Details regarding this policy can be found in the ACC college catalog.
Incompletes An instructor may award a grade of “I” (Incomplete) if a student was unable to complete all of the objectives for the passing grade in a course. An incomplete grade cannot be carried beyond the established date in the following semester. The completion date is determined by the instructor but may not be later than the final deadline for withdrawal in the subsequent semester.
Statement on Scholastic Dishonesty A student attending ACC assumes responsibility for conduct compatible with the mission of the college as an educational institution. Students have the responsibility to submit coursework that is the result of their own thought, research, or self-expression. Students must follow all instructions given by faculty or designated college representatives when taking examinations, placement assessments, tests, quizzes, and evaluations. Actions constituting scholastic dishonesty include, but are not limited to, plagiarism, cheating, fabrication, collusion, and falsifying documents. Penalties for scholastic dishonesty will depend upon the nature of the violation and may range from lowering a grade on one assignment to an “F” in the course and/or expulsion from the college.
See the Student Standards of Conduct and Disciplinary Process.
Concealed Handgun Policy
The Austin Community College District concealed handgun policy ensures compliance with Section 411.2031 of the Texas Government Code (also known as the Campus Carry Law), while maintaining ACC’s commitment to provide a safe environment for its students, faculty, staff, and visitors.
Beginning August 1, 2017, individuals who are licensed to carry (LTC) may do so on campus premises except in locations and at activities prohibited by state or federal law, or the college’s concealed handgun policy.
It is the responsibility of license holders to conceal their handguns at all times. Persons who see a handgun on campus are asked to contact the ACC Police Department by dialing 222 from a campus phone or 512-223-7999.
Refer to the concealed handgun policy online at austincc.edu/campuscarry.
Student Rights and Responsibilities Students at the college have the rights accorded by the U.S. Constitution to freedom of speech, peaceful assembly, petition, and association. These rights carry with them the responsibility to accord the same rights to others in the college community and not to interfere with or disrupt the educational process. Opportunity for students to examine and question pertinent data and assumptions of a given discipline, guided by the evidence of scholarly research, is appropriate in a learning environment. This concept is accompanied by an equally demanding concept of responsibility on the part of the student. As willing partners in learning, students must comply with college rules and procedures.
Statement on Students with Disabilities Each ACC campus offers support services for students with documented disabilities. Students with disabilities who need classroom, academic or other accommodations must request them through the office of Student Accessibility Services (SAS). Students are encouraged to request accommodations when they register for courses or at least three weeks before the start of the semester, otherwise the provision of accommodations may be delayed. Students who have received approval for accommodations from SAS for this course must provide the instructor with the ‘Notice of Approved Accommodations’ from SAS before accommodations will be provided. Arrangements for academic accommodations can only be made after the instructor receives the ‘Notice of Approved Accommodations’ from the student. Students with approved accommodations are encouraged to submit the ‘Notice of Approved Accommodations’ to the instructor at the beginning of the semester because a reasonable amount of time may be needed to prepare and arrange for the accommodations. Additional information about Student Accessibility Services.
Safety Statement Austin Community College is committed to providing a safe and healthy environment for study and work. You are expected to learn and comply with ACC environmental, health and safety procedures and agree to follow ACC safety policies. Additional information on these can be found at . Because some health and safety circumstances are beyond our control, we ask that you become familiar with the Emergency Procedures poster and Campus Safety Plan map in each classroom.
Additional information about emergency procedures and how to sign up for ACC Emergency Alerts to be notified in the event of a serious emergency can be found at.
Please note, you are expected to conduct yourself professionally with respect and courtesy to all. Anyone who thoughtlessly or intentionally jeopardizes the health or safety of another individual will be immediately dismissed from the day’s activity, may be withdrawn from the class, and/or barred from attending future activities.
Use of ACC EmailAll College e-mail communication to students will be sent solely to the student’s ACCmail account, with the expectation that such communications will be read in a timely fashion. ACC will send important information and will notify you of any college related emergencies using this account. Students should only expect to receive email communication from their instructor using this account. Likewise, students should use their ACCmail account when communicating with instructors and staff. Instructions for activating an ACCmail account.
Testing Center PolicyUnder certain circumstances, an instructor may have students take an examination in a testing center. Students using the Academic Testing Center must govern themselves according to the Student Guide. Use of ACC Testing Centers and should read the entire guide before going to take the exam. To request an exam, one must have:
- ACC Photo ID
- Course Abbreviation (e.g., ENGL)
- Course Number (e.g.,1301)
- Course Synonym (e.g., 10123)
- Course Section (e.g., 005)
- Instructor's Name
Do NOT bring cell phones to the Testing Center. Having your cell phone in the testing room, regardless of whether it is on or off, will revoke your testing privileges for the remainder of the semester. ACC Testing Center policies.
Student And Instructional Services ACC strives to provide exemplary support to its students and offers a broad variety of opportunities and services. Information on these services and support systems is available here. Links to many student services and other information can be found at Current Students. ACC Learning Labs provide free tutoring services to all ACC students currently enrolled in the course to be tutored. The tutor schedule for each Learning Lab may be found here.
For help setting up your ACCeID, ACC Gmail, or ACC Blackboard, see a Learning Lab Technician at any ACC Learning Lab.
Course Policies:
Incomplete Policy: An incomplete (I) will be granted to a student in rare circumstances. Generally, to receive a grade of I, a student must have completed all examinations and assignments to date, be passing, and have personal circumstances that prevent course completion that occur after the deadline to withdraw with a grade of W.
Attendance Policy: Online course
Course/Exam Curve: The determination as to whether a curve is needed will be made after all semester assignments are graded. If a course curve is necessary, it will only be available to students who have submitted 95% of all grading elements for the semester.
Due Dates for Exams: An extension may be granted in the case of an emergency. If this happens: (1) contact the instructor by phone or e-mail before the exam deadline and (2) submit verification of the emergency (for example, in case of personal illness, submit a statement from the doctor which shows the period of time you are unable to attend work or school; in case of death or serious illness of a close friend or family member, submit information about the nature and location of the emergency and when you will be able to take the quiz or exam; in case of work or military orders, submit a letter from the supervisor which states the dates and location of the assignment). If the verification is submitted, one extension may be granted. Stay on schedule and complete quizzes, exams, and other assignments a few days early. This allows you to meet deadlines and keep from getting behind.
Due Dates for Homework, Cases, and Project: These dates are shown in the Due Date section and cannot be extended. Late assignments will receive a grade of zero.
If one or two of these assignments are missed, the points will not be substantial (perhaps 50 of 1,000 course points). Since this is an online course, there is some flexibility in that students do not have to be on campus at designated times. This allows students to work at the times that are best for them
Withdrawal Policy: The instructor may withdraw a student for lack of progress. Lack of progress includes: if the student has missed more than 2 assignments (discussion board, assignment, paper, case, project, etc) and has not discussed the acceptable reason for missing with the instructor (being too busy is not an acceptable reason). The instructor has the right to withdraw a student who has missed more than 2 assignments without notifying the student. Thus, it is critical that students complete the assignments and keep in touch with the instructor. In addition if Exam 1 is not completed by the mandatory date (or extended date - see Due Dates for Exams - above). The last day to withdraw from this course is 4/23/18.
See Blackboard for details on all grading components.
Early Grade Release: Course grades cannot be released before the semester has ended.
Instruction expectations
Item |
Feedback |
Academic Honesty |
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Assignments |
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Discussion Board |
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BB Messages |
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Due Dates |
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e-mails |
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Exams |
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Phone Calls |
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Syllabus |
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Technical Support |
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Withdrawals |
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student expectations
Item |
Feedback |
Active Learning |
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Assignments |
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BB Messages |
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Curves |
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e-mails |
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Exams |
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Phone Calls |
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Technology Support |
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Withdrawal Policy |
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information for potential cpa candidates
"To become a CPA in Texas, the Board has a statutory obligation (Section 901.253) to determine that any person awarded a Texas CPA certificate is of good moral character.
Good moral character is demonstrated by the lack of a history of dishonest or felonious acts. The Board considers several areas in evaluating an applicant's moral character. These include
- Responses to questions on the application relating to arrests, charges, convictions, probations and/or deferred adjudications of a felony or misdemeanor other than misdemeanor driving offenses such as moving violations (NOTE: DWIs are not considered misdemeanor driving offenses).
- The Board will access the Federal Bureau of Investigation (FBI) database and the Texas Department of Public Safety – Crime Records Division files using an established fingerprint process for each person who submits an Application of Intent. The fingerprint process allows the Board to receive information on all arrests, charges, convictions, probations and deferred adjudications of misdemeanor and felony offenses that occur in any U.S. state or territory. Records of these activities are reported to the Board for further investigation. If an applicant was 17 years of age or older at the time of the arrest, it should be reported to the Board. You are not required to report criminal records that have been expunged or sealed by an order of the court. You are required to report criminal records subject to a non-disclosure order. Any subsequent arrest will automatically be reported to the Board for further investigation."
DUE DATEs
This calendar is subject to change. Changes will be posted in Blackboard.
ACNT 2375 - Spring 18 - 12 weeks |
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Lesson |
Days |
Coverage |
Points |
% |
Due Date* |
1 |
2/12 - 2/15 |
Orientation/Writing Skills |
50 |
5.0% |
2/15 |
2 |
2/16 - 2/22 |
Overview & Environment of Accounting Research |
50 |
5.0% |
2/22 |
3 |
2/23 - 3/1 |
FASB Codification |
75 |
7.5% |
3/1 |
4 |
3/2 - 3/8 |
Research Process |
50 |
5.0% |
3/8 |
5 |
3/9 - 3/22 |
Critical Thinking Skills |
50 |
5.0% |
3/22 |
6 |
3/22 - 3/27 |
Exam 1 |
150 |
15.0% |
3/27 |
7 |
3/28 - 4/5 |
Creating Effective Documentation |
75 |
7.5% |
4/5 |
8 |
4/6 - 4/12 |
Nonauthoritative Sources |
50 |
5.0% |
4/12 |
9 |
4/13 - 4/19 |
Scope and Recognition Guidance |
50 |
5.0% |
4/19 |
10 |
4/13 - 4/19 |
Measurement and Fair Value Issues |
25 |
2.5% |
4/19 |
4/23 |
Last day to withdraw |
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11 |
4/20 - 4/26 |
Exam 2 |
200 |
20.0% |
4/26 |
12 |
4/27 - 5/3 |
Staying Current/Due Process |
25 |
2.5% |
5/3 |
13 |
4/27 - 5/3 |
Cases |
50 |
5.0% |
5/3 |
14 |
5/4 - 5/12 |
International Research Environment |
25 |
2.5% |
5/12 |
15 |
5/4 - 5/12 |
Cases |
75 |
7.5% |
5/12 |
Total |
1,000 |
100.0% |
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* Blogs/Journal/Discussion Board postings must be made at least two times during the week. |
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* Assignments are due no later than 9 PM on the stated due date. 10 % penalty applies to papers with no names. |
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* Late assignments are not accepted for grading. |
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* Exams must be completed by the close of business of the testing center. |
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Course Grading: Your grade is based on the following: |
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Component |
Points ( %) |
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Orientation |
25 points (2.5%) |
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Exam 1 |
150 points (15%) |
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Exam 2 |
200 points (20%) |
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Cases |
225 points (22.5%) |
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Homework |
275 points (27.5%) |
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Projects |
75 points (7.5%) |
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DB Postings/Blogs |
50 points (5%) |
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Total |
1,000 points (100%) |
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Final course grade: |
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900 - 1,000 points = A |
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800 - 899 points = B |
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700 - 799 points = C |
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600 - 699 points = D |
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below 600 points = F |
Course Subjects
This section includes the lesson objectives.
Lesson 1: Orientation and Writing Skills
Weirich 8e Chapter 2: Effective Writing Skills for the Professional Accountant
After completing the assigned readings and activities, you should be able to:
- Describe how competent writing forms a key element of critical thinking skills.
- Examine how to strengthen and improve writing skills.
- Use correct punctuation.
- Summarize the U.S. Securities and Exchange Commission’s Plain English Initiative.
- Explain how to write memos to a file.
Collins 3e Chapter 4: Creating Effective Documentation
After completing the assigned readings and activities, you should be able to:
- Communicate using professional style.
Lesson 2: Overview and Environment of Accounting Research
Collins 3e Chapter 1: Overview of Accounting Research
After completing the assigned readings and activities, you should be able to:
1. Identify parties who perform accounting research, and circumstances in which accounting research is required
2. Identify key standard setters involved in establishing U.S. accounting guidance
Weirich 8e Chapter 1: Introduction to Applied Professional Research
After completing the assigned readings and activities, you should be able to:
1. Explain the definition and nature of professional accounting research.
2. Apply the navigation steps to narrow one’s research.
3. Discuss the U.S. Securities and Exchange Commission’s view on the importance of research.
4. Explain the role of research within a public accounting firm or within an accounting department of a business.
5. State the importance of research on the U.S. CPA exam.
Weirich 8e Chapter 9: Refining the Research Process
After completing the assigned readings and activities, you should be able to:
1. List the skills needed for the CPA exam.
Weirich 8e Chapter 3: The Environment of Accounting Research
After completing the assigned readings and activities, you should be able to:
1. Discuss the SEC’s role and the complex environment for accounting.
2. Describe the FASB, which sets accounting standards for the private sector.
3. List other organizations that influence the accounting standard setting process.
4. List and discuss the types of authoritative pronouncements.
5. Apply the meaning and levels of U.S. GAAP.
Lesson 3: FASB Codification
Collins 3e Chapter 1: Overview of Accounting Research
After completing the assigned readings and activities, you should be able to:
1. Define public and private companies and identify the accounting standard setter(s) for each type of company.
Collins 3e Chapter 2: The FASB Codification: Introduction and Search Strategies
After completing the assigned readings and activities, you should be able to:
1. Describe the purpose of the Codification, the meaning of authoritative, and source of the FASB’s authority to set GAAP.
2. Identify standard setters that have contributed to the current body of authoritative guidance.
3. State and discuss the purpose of the organization of guidance (categories) within the Codification.
4. Perform effective Browse searches within the Codification, reviewing all areas of required reading.
5. Search the Codification using other methods, including the keyword search feature, the Master Glossary, and the Cross Reference feature.
6. Differentiate between existing versus pending content, and be able to how to interpret transition date guidance.
7. Explain why accounting alternative guidance is available for private companies
8. Identify and discuss private company alternatives available within the Codification.
Weirich 8e Chapter 4: Financial Accounting Research Tools
After completing the assigned readings and activities, you should be able to:
1. Use the database research strategies: the five steps.
2. Discuss the challenges of accounting research.
3. Describe the contents of the FASB Accounting Standards Codification Research System (the Codification).
4. Use the Codification to locate U.S. GAAP authorities.
5. Prepare accounting research memos for cases that assist in practicing accounting research.
Lesson 4: Research Process
Collins 3e Chapter 3: The Research Process
After completing the assigned readings and activities, you should be able to:
1. List and describe the six steps of the research process.
2. Identify sources for learning about an industry, and for gathering transaction facts.
3. Define the research problem, through the identification of ”researchable questions”.
4. Identify tips from Collins, Weirich, and your research for identifying the final research questions.
5. Search broadly for potentially relevant guidance.
6. Examine alternative viewpoints in an accounting research analysis.
7. Justify and document your conclusion.
8. Identify common decision traps and judgment biases.
Weirich 8e Chapter 1: Introduction to Applied Professional Research
After completing the assigned readings and activities, you should be able to:
1. Apply the basic steps of the research process
Weirich 8e Chapter 9: Refining the Research Process
After completing the assigned readings and activities, you should be able to:
1. Execute the five basic steps in the research process.
2. Execute the process of identifying the issues or problems to research.
3. Discuss how to collect evidence from data, authorities, and other sources.
4. Practice the skill of evaluating the research results and various alternatives.
Lesson 5: Critical Thinking Skills
Weirich 8e Chapter 1: Introduction to Applied Professional Research
After completing the assigned readings and activities, you should be able to:
1. Discuss the importance of critical thinking and effective communication skills.
Weirich 8e Chapter 2: Critical Thinking Skills for the Professional Accountant
After completing the assigned readings and activities, you should be able to:
1. Describe how competent writing forms a key element of critical thinking skills
2. Define critical thinking and explain how accountants need to work with the top three levels of Bloom’s Taxonomy.
3. List and discuss the two characteristics of critical thinking.
4. Discuss the levels of thinking.
5. Explain how critical thinking skills can help professional accountants add value to their services.
6. List and discuss how accountants use each of the eight elements of reasoning.
Lesson 6 - Exam 1
Lesson 7: Creating Effective Documentation
Collins 3e Chapter 4: Creating Effective Documentation
After completing the assigned readings and activities, you should be able to:
1. Explain the need for and the importance of documentation.
2. Formulate an effective background section and issues list in an accounting research memo.
3. Prepare an effective research analysis, including consideration of alternative viewpoints, and a well-supported conclusion.
4. Properly reference passages from the Codification.
Weirich 8e Chapter 9: Refining the Research Process
After completing the assigned readings and activities, you should be able to:
1. Describe how to implement each of the five basis steps of the research process.
2. Execute each of the five basis steps of the research process.
3. Develop and communicate a well reasoned, documented memo and conclusion
Lesson 8: Nonauthoritative Sources
Collins 3e Chapter 5: Using Nonauthoritative Sources to Supplement Codification Research
After completing the assigned readings and activities, you should be able to:
1. Explain what nonauthoritative guidance is, list sources of nonauthoritative guidance, and state its potential benefits..
2. Discuss the purpose and contents of the FASB’s Conceptual Framework, and apply this nonauthoritative guidance.
3. Locate the FASB’s basis for conclusion in pre-Codification standards and Accounting Standards Updates.
4. Describe circumstances in which references to IFRS may be appropriate.
5. Utilize nonauthoritative sources the correct way (as a supplement to authoritative guidance) and properly reference these sources.
Lesson 9: Scope and Recognition Guidance
Collins 3e Chapter 6; Scope and Recognition Guidance: A Brief Introduction
After completing the assigned readings and activities, you should be able to:
1. Describe the purpose of and the role that scope guidance plays in professional research.
2. Apply basic scope concepts to income taxes, share-based compensation, nonmonetary transactions, and investments.
3. Contrast key principles underlying, and techniques for navigating, existing and revised revenue guidance.
Lesson 10: Measurement and Fair Value Issues
Collins 3e Chapter 7: Using the Codification to Research Measurement Issues
After completing the assigned readings and activities, you should be able to:
1. Identify and discuss common measurement attributes used within the Conceptual Framework and the Codification.
2. Locate sources of measurement guidance within the Codification.
3. Identify and discuss circumstances in which initial measurements can involve complexity, and apply initial measurement guidance to examples involving inventory, revenue arrangements, and receivables/
4. Explain the need for robust disclosure to accompany key measurement judgments.
Collins 3e Chapter 8: Fair Value Measurement in the Codification
After completing the assigned readings and activities, you should be able to:
1. Define fair value and discuss the approaches for measuring fair value.
2. Navigate ASC 820, the Codification topic on fair value measurements.
3. Identify circumstances in which fair value measurements are required or permitted.
4. Explain the relationship between fair value and present value measurement.
Lesson 11 - Exam 2
Lesson 12: Staying Current/Due Process
Collins 3e Chapter 14: Staying Current with Emerging Accounting Guidance
After completing the assigned readings and activities, you should be able to:
1. Discuss the professional advantages of staying current.
2. Describe, generally, the standard setters’ “due process” for issuing new guidance.
3. Identify – and subscribe to – useful resources for staying current.
Weirich 8e Chapter 5: The Environment of International Research
After completing the assigned readings and activities, you should be able to:
1. Explain the standard-setting process, including due process and the framework
Weirich 8e Chapter 9: Refining the Research Process
After completing the assigned readings and activities, you should be able to:
1. Implement a plan to remain current with the expanding body of authorities and data.
Lesson 13 – Case Objectives:
Perform Research:
- Identify the appropriate research questions
- Identify key search terms
- Search through electronic data to find required information to reach conclusions or make decisions
- Identify the appropriate authoritative guidance in applicable financial reporting frameworks and auditing standards for the accounting issue being evaluated
- Devise and implement a plan of action appropriate for a given problem
- Apply professional skepticism, which is an attitude that includes a questioning mind and a critical assessment of information or evidence obtained
- Develop logical conclusions through the use of inductive and deductive reasoning
- Apply knowledge of professional standards and laws, as well as legal, ethical, and regulatory issues
Communicate Results of Research:
- Apply effective writing principles, including organization, clarity, and conciseness
- Prepare documents and presentations that are concise, accurate, and supportive of the subject matter
Lesson 14: The International Research Environment
Collins 3e Chapter 12: The International Research Environment
After completing the assigned readings and activities, you should be able to:
1. Describe the context in which accounting research is performed internationally, and the role of IFRS in international accounting research.
2. Describe the structure and mission of the IFRS Foundation, including its standard-setting bodies the IASB and the IFRS Interpretations Committee.
Weirich 8e Chapter 5: The Environment of International Research
After completing the assigned readings and activities, you should be able to:
1. Describe and discuss the international accounting environment.
2. Explain global and domestic adoption of International Financial Reporting Standards.
3. Describe the International Accounting Standards Board and its structure.
Lesson 15- Cases Objectives:
Perform Research:
- Identify the appropriate research questions
- Identify key search terms
- Search through electronic data to find required information to reach conclusions or make decisions
- Identify the appropriate authoritative guidance in applicable financial reporting frameworks and auditing standards for the accounting issue being evaluated
- Devise and implement a plan of action appropriate for a given problem
- Apply professional skepticism, which is an attitude that includes a questioning mind and a critical assessment of information or evidence obtained
- Develop logical conclusions through the use of inductive and deductive reasoning
- Apply knowledge of professional standards and laws, as well as legal, ethical, and regulatory issues
Communicate Results of Research:
- Apply effective writing principles, including organization, clarity, and conciseness
- Prepare documents and presentations that are concise, accurate, and supportive of the subject matter
Student Learning Outcomes/Learning Objectives
Lesson Objectives are shown in the Course Subjects areas. This section includes (1) Course Outcomes, (2) Content and Skill Specifications for the Uniform CPA Examination, and (3) SCANS Competencies:
(1) Course Outcomes:
Upon completion of this course, students will be able to:
Research:
Identify the appropriate research questions
Identify key search terms
Search through electronic data to find required information to reach conclusions or make decisions
Identify the appropriate authoritative guidance in applicable financial reporting frameworks and auditing standards for the accounting issue being evaluated
Devise and implement a plan of action appropriate for a given problem
Apply professional skepticism, which is an attitude that includes a questioning mind and a critical assessment of information or evidence obtained
Develop logical conclusions through the use of inductive and deductive reasoning
Apply knowledge of professional standards and laws, as well as legal, ethical, and regulatory issues
Communication:
Apply effective writing principles, including organization, clarity, and conciseness
Prepare documents and presentations that are concise, accurate, and supportive of the subject matter
(2) Content and Skill Specifications for the Uniform CPA Examination - Effective Date: 1/1/2014
Financial Accounting and Reporting (FAR)
Content Specification Outlines:
Perform the following tasks:
1. Exercise judgment in the application of accounting principles
2. Determine appropriate accounting treatment for new or unusual transactions and evaluate the economic substance of transactions in making the determination
3. Research relevant professional literature
Demonstrate Proficiency:
Process by which Accounting Standards are Set and Roles of Accounting Standards Bodies
U.S. Securities and Exchange Commission (SEC)
Financial Accounting Standards Board (FASB)
International Accounting Standards Board (IASB)
Conceptual Framework
Financial Reporting by business entities
Financial Reporting by not-for-profit (nongovernmental) entities
Application of the Body of Knowledge, including Analysis, Judgment, Synthesis, Evaluation, and Research:
Research
1. Identify the appropriate research question
2. Identify key search terms for use in performing electronic searches through large volumes of data
3. Search through large volumes of electronic data to find required information |
4. Organize information or data from multiple sources
5. Integrate diverse sources of information to reach conclusions or make decisions
6. Identify the appropriate authoritative guidance in applicable financial reporting frameworks and auditing standards for the accounting issue being evaluated
Complex Problem Solving and Judgment
1. Develop and understand goals, objectives, and strategies for dealing with potential issues, obstacles, or opportunities
2. Analyze patterns of information and contextual factors to identify potential problems and their implications
3. Devise and implement a plan of action appropriate for a given problem
4. Apply professional skepticism, which is an attitude that includes a questioning mind and a critical assessment of information or evidence obtained
5. Adapt strategies or planned actions in response to changing circumstances
6. Identify and solve unstructured problems
7. Develop reasonable hypotheses to answer a question or resolve a problem
8. Formulate and examine alternative solutions in terms of their relative strengths and weaknesses, level of risk, and appropriateness for a given situation|
9. Develop creative ways of thinking about situations, problems, and opportunities to" create insightful and sound solutions
10. Develop logical conclusions through use of inductive and deductive reasoning
11. Apply knowledge of professional standards and laws, as well as legal, ethical, and regulatory issues
12. Assess the need for consultations with other professionals when gray areas, or areas""requiring specialized knowledge, are encountered
Written Communication
1. Basic writing mechanics, such as grammar, spelling, word usage, punctuation, and sentence structure
2. Effective business writing principles, including organization, clarity and conciseness
3. Exchange technical information and ideas with coworkers and other professionals to meet goals of job assignment
4. Documentation
5. Prepare documents and presentations that are concise, accurate, and supportive of the subject matter
6. Document and cross-reference work performed and conclusions reached in a complete and accurate manner
7. Assist client to recognize and understand implications of critical business issues by providing recommendations and informed opinions
8. Persuade others to take recommended courses of action
9. Follow directions
(3) The following SCANS Compentencies are integrated into the course:
The term scans is an acronym for the Secretary’s Commission on Achieving Necessary Skills. The U.S. Secretary of Labor commissioned a task force in 1990 to examine the demands of the workplace. The commission’s first report, “What Work Requires of Schools”, identified what employees need to know and be able to do in order to succeed in any occupation.
USE INFORMATION SKILLS – EVALUATE RELEVANT INFORMATION
Identifies need for data, obtains them from existing sources or creates them, and evaluates their relevance and accuracy. Completely performing the tasks of acquiring data and evaluating information includes posing analytical questions to determine specific information needs: selecting possible information ad evaluating its appropriateness: and determining when new information must be created.
APPLY THINKING SKILLS – USE PROBLEM SOLVING SKILLS
Recognizes that a problem exists (e.g., there is a discrepancy between what is and what should or could be): identifies possible reasons for the discrepancy: devises and implements a plan of action to resolve it: evaluates and monitors progress: and revises plan as indicated by findings.
Last Updated: 1/1/18