Committee Meetings and Minutes

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Accounting Task Force

Meeting Minutes

Current Status of Minutes: Final
Date	June 14, 2013
Time	9:00 AM - 12:30 PM
Location	TBA

Members Present
Ardra Alexander, Sheila Ammons, Jeffrey Brennan, Kimberly Cameron, Cynthia Lovick, Cathy Menn, Reed Peoples, James Pumphret, Brian Voss, Denise White
Guests Present
No guest attendance has been recorded.

Item # 1:	Member Present
Presenter	Reed Peoples
Discussion	Members Present Cynthia Lovick, Denise White, Kimberly Perkins, Brian Voss, Sheila Ammons, David Floyd, Reed Peoples, Jeffrey Brennan, Ardra Alexander, Jim Pumphret, Cathy Menn, La Tasha Roberts, Katy Gott. Members absent: Jay Thibodeaux, Jim Doss Dr. Peoples opened the meeting by reviewing the passing rates of the CPA Exam for the last three quarters. The rates indicated that we are consistently in the top 10 in passing the CPA exam and number one in the fourth quarter of 2012. Reed Peoples stated, "Our success is due to the dedication to quality of our faculty."

Item # 2:	Accounting 2301 and Accounting 2302 Textbooks.
Presenter	Reed Peoples
Discussion	Textbooks for ACCT 2301 and ACCT 2302. For ACCT 2301 have changed, we have gone back to the regular version (ISBN# 9781285896250) instead of the Excel version. For ACCT 2302 a new textbook was adopted, Managerial Accounting by Whitecotton (ISBN#9780078025518).

Item # 3:	ACNT 1325 Principles of Accounting 1
Presenter	Sheila Ammons
Discussion	This is a new course created for those students in the Professional Accountant Program who have had ACCT 2301 more than 2 years ago or may need to take ACCT-2301. Sheila suggested that all ACCT 2301 instructors refer their CPA track students to this course rather than ACCT-2301. They may transfer without any additional cost.

Item # 4:	Advising
Presenter	Reed Peoples
Discussion	Reed Peoples mentioned that he advises all incoming CPA students. He does not recommend they take ACNT 1372 unless they need the extra hours to complete the 150 hours required by the State Board.

Item # 5:	Upper Level Accounting Assignments
Presenter	Reed Peoples
Discussion	Cynthia – ACNT 2333 and ACNT 2304 Denise – ACNT 2303 and ACNT 2376 Kimberly – ACNT 1372, ACNT 1391 and ACNT 2331 Sheila – ACNT 1325, ACNT 2330, and ACNT 2375 David – ACNT 2309, ACNT 2332. Reed - ACNT-1370 Larry – ACNT-1371 Opening – ACNT-1393 Action: Check with Charles Quinn on temporary full-time position for the fall. Request Larry Stephens come in earlier to prepare for the ACNT-1371 course.

Item # 6:	Accounting Technician Degree Plan
Presenter	Brian Voss
Discussion	Brian Voss proposed the following catalog changes to the Accounting Technician program: Move ACNT 2371 Small Business Accounting from the second semester to the fourth semester and move ECON 2302 Principles of Economics from the fourth semester to the second semester Action: Brian Voss will take this change to the Advisory Committee and to the curriculum committee for approval in September 2013. Denise White will schedule an Advisory Committee Meeting as soon as possible.

Item # 7:	Annual Curriculum Review for the Professional Accountant Certificate Program
Presenter	Cynthia Lovick
Discussion	Cynthia Lovick stated that that the TSBPA requires that we have a committee perform an annual review of course content in our upper level accounting courses. A review committee must be appointed to assist with the curriculum review as well as our next accreditation renewal process. Cynthia asked that each instructor of an upper level accounting course update their master syllabus and include information related to the relevant AICPA CSO's and CSS's. Cynthia will send details to all instructors. Action: A review committee was appointed composed of Cynthia Lovick, Denise White, Reed Peoples and Jay Thibodeaux.

Item # 8:	Learning Objectives for ACCT 2302
Presenter	Reed Peoples
Discussion	The Taskforce decided on which learning objectives should be covered in each chapter. Chapter 1: All learning objectives should be covered. Chapter 2: Cover all learning objectives except for: L07 Apply job order costing to a service setting. S1 Prepare journal entries to record the flow of manufacturing and nonmanufacturing costs in a job order cost system The above two learning objectives are optional. Chapter 3: Delete learning objective 3-S – Prepare a process costing production report using the first-in first-out (FIFO) method and make learning objection 3-S2-Prepare journal entries to record the flow of manufacturing costs in a process cost system optional. Chapter 4: Delete learning objectives 4-7- Apply activity-based costing to a service industry and 4-8- Describe how managers use activity-based management and other cost management methods. Chapter 5: Cover all learning objectives. It is recommended that learning objective 5-2 – Prepare a scattergraph to illustrate the relationship between total cost and activity and learning objective 5-4 – Use least-squares regression to analyze mixed costs be covered as a lab assignment. Chapter 6: Cover all learning objectives. Chapter 7: Cover all learning objectives. Chapter 8: Cover all learning objectives. Chapter 9: Cover all learning objectives except make learning objective 9-S1, Calculate and interpret the fixed overhead spending and volume variances, optional and delete learning objective 9-S2, Prepare journal entries to record standard costs and variances. Chapter 10: Cover all learning objectives except learning objective 10-3, Describe the four dimensions of the balance scorecard and explained how they are used to evaluate managerial performances, optional. Chapter 11: Cover all learning objectives. Chapter 12: Do not cover chapter 12 Chapter 13: Do not cover chapter 13

Item # 9:	Fall and Spring Schedules
Presenter	Reed Peoples
Discussion	Copies of the Schedules for Fall 2013 and Spring 2014 were given to members of the committee. The committee members were asked to review and recommend changes. All full-time faculty were asked to pick their choices for the Spring and give to Katy Gott. Adjunct faculty would need to add their choices during the eStaffing dates for input.

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