Effective: Late Fall 8-Week, 2018/2019

BUSI 590: Integrative Accounting Seminar

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  Course Description

Culminating experience for the MBA -- Accounting Track.  This course examines and integrates the four major areas that constitute the Uniform CPA exam: finanical accounting and reporting; auditing and attestation; business environment and concepts; regulation. Prerequisite: completion of 24 hours in the MBA program, including all other Accounting courses.

Prerequisite: Completion of 24 hours in the MBA program, including all other Accounting courses.

Proctored Exams: None



  Textbooks

As part of TruitionSM, students will receive their course materials automatically as described below.

Required

  •  Dennis-Escoffier, S. & Fortin, K. (2018). Taxation for Decision Makers (8th ed). New York, NY: John Wiley & Sons.  eText
  •  Ingraham, L. & Jenkins, J. (2014). Comprehensive assurance & systems tool (CAST): An integrated practice set-assurance practice set (3rd ed). NY: Pearson.  eText
  •  Kieso, D. (2016). Rockford practice set to accompany intermediate accounting (16th ed). NY: John Wiley & Sons.  eText

Choose One

  •  Markopolos, H. & Casey, Fr. (2010). No One Would Listen (1st ed). New York, NY: Wiley.  eText
    • Note: In Week 7, you will complete a Book Review. You will choose between this text and an alternative text: B. McLean & P. Elkind, The Smartest Guys in the Room.
  •  McLean, B. & Elkind, P. (2013). The Smartest Guys in the Room (1st ed). New York, NY: Portfolio.  Physical Book
    • Note: In Week 7, you will complete a Book Review. You will choose between this text and an alternative text: H. Markopolos & Fr. Casey, No One Would Listen.

Bookstore Information

Ed Map is Columbia College’s bookstore for Online, Nationwide, and Evening students. Visit https://www.ccis.edu/bookstore.aspx for details.

eText Information

If a course uses an eText, (see Textbook information above) the book will be available directly in Desire2Learn (D2L) and through the VitalSource eText reader the Friday before the session begins, if registered for courses prior to that date.  Students will have a VitalSource account created for them using their CougarMail email address. Upon first login to VitalSource, students may need to verify their account and update their VitalSource password.  More information about how to use the VitalSource platform, including offline access to eTexts, can be found in D2L.  Students that would like to order an optional loose-leaf print-on-demand copy of eligible eTexts can do so through the Ed Map storefront at an additional cost.  Once orders are placed, it can take approximately five to seven business days for students to receive their print-on-demand books.

Physical Course Materials Information

Students enrolled in courses that require physical materials will receive these materials automatically at the address on file with Columbia College.  Delivery date of physical materials is dependent on registration date and shipping location.  Please refer to confirmation emails sent from Ed Map for more details on shipping status.

Returns: Students who drop a course with physical course materials will be responsible for returning those items to Ed Map within 30 days of receipt of the order.  More specific information on how to do so will be included in the package received from Ed Map.  See here for Ed Map's return policy. Failure to return physical items from a dropped course will result in a charge to the student account for all unreturned items.

Note: Students who opt-out of having their books provided as part of TruitionSM are responsible for purchasing their own course materials, but may do so through the Ed Map storefront.

  Course Overview

This course reviews and reinforces concepts within the four parts of the Certified Public Accountant exam requirements and applies knowledge from the MBA program. Each week there will be a discussion around current events, internet research, or a similar topic; real-world problems and case studies; and a focus on ethical issues surrounding public accountancy.

  Technology Requirements

Participation in this course will require the basic technology for all online classes at Columbia College:
  • A computer with reliable Internet access
  • A web browser
  • Acrobat Reader
  • Microsoft Office or another word processor such as Open Office

You can find more details about standard technical requirements for our courses on our site.

  Course Objectives

  • Integrate the concepts studied in previous accounting and business classes into a coherent whole and present a comprehensive view of the accounting profession.
  • Examine the requirements for obtaining professional certification in the accounting field.

  Measurable Learning Outcomes

  • Describe and explain the CPA exam topics as specified in the AICPA's "Content and Skill Specification Outlines."
  • Prepare an integrative case that incorporates aspects of all four major content areas.
  • Demonstrate proficiency in the techniques and software used in the Uniform CPA exam.

  Grading

Grading Scale

Grade Points Percent
A 585-650 90-100%
B 520-584 80-89%
C 455-519 70-79%
F 0-454 0-69%

Grade Weights

Assignment Category Points Percent
Discussions (9) 75 12%
Homework (4) 250 38%
Comprehensive Problems (5) 225 35%
Ethics Book Report (1) 100 15%
Total 650 100%

  Schedule of Due Dates

Week 1

Assignment Points Due
Discussion 1 3 Thursday
Discussion 2 9 Friday/Sunday
Homework: Case Study 1 50 Sunday

Week 2

Assignment Points Due
Discussion 3 9 Friday/Sunday
CPA Preparation Plan 50 Sunday
Homework: Case Study 2 50

Week 3

Assignment Points Due
Discussion 4 9 Friday/Sunday
Comprehensive Problem 1 50 Sunday

Week 4

Assignment Points Due
Discussion 5 9 Friday/Sunday
Homework: Case Study 3 100 Sunday
Comprehensive Problem 2 50

Week 5

Assignment Points Due
Discussion 6 9 Friday/Sunday
Comprehensive Problem 3 25 Sunday

Week 6

Assignment Points Due
Discussion 7 9 Friday/Sunday
Comprehensive Problem 4 25 Sunday

Week 7

Assignment Points Due
Discussion 8 9 Friday/Sunday
Ethics Book Report 100 Sunday

Week 8

Assignment Points Due
Discussion 9 9 Friday/Saturday
Comprehensive Problem 5 75 Saturday
Total Points: 650

  Assignment Overview

Discussions

In addition to your initial Introduction post, there will be one required graded discussion topic each week. Your initial post is due by 11:59 p.m. CT Friday and is worth a maximum of 7 points. All posts require analysis, research, and critical thinking. Your initial post should be approximately 2 paragraphs long. In additional to your initial post, you must respond to at least one other classmate’s post. Your response post is due by 11:59 p.m. CT on Sunday and is worth a maximum of 2 points (except in Week 8 the discussion response is due on Saturday). Your response should be value added, approximately one paragraph in length, and indicate that your read your classmate’s post and offer substantial comments that add to the discussion. Please attempt to respond to a different student each week and respond to a student who doesn’t have a response yet, when possible.

Discussions should be posted directly to the Discussion area—no attachments. Please complete in Word format using proper spelling, grammar and complete sentences. No late discussion posts will be accepted.

Discussion grades will be based on the following three criteria:

  • Initial post demonstrates familiarity with assigned reading, without copying directly from the source
  • Response is complete and concise, written in your own words, and in full sentences
  • Your postings are a model for other students’ to learn from
  • Rely on at least one scholarly source and include a proper citation

Homework CPA Preparation Plan

The plan is intended to outline the process you will take to prepare, sit for and pass the CPA exam. Each plan will be personal based on your schedule and learning style. The plan should be prepared in Word using bullets point format. You will prepare your exam answering such things as outlining the tasks, dates, and methods for studying. Include such topics as the review program you selected, study schedule, which part of the exam you will focus initially and why, what study mechanisms fit your learning style, where you plan to sit for the exam, and other relevant information to keep you on track with your study goals and plan. The plan should be no more than 2 pages in length.

Your plan is due by 11:59 p.m. CT on the Sunday of Week 2.

Homework Case Studies

You will complete three (3) case studies during this course. Each case study should be completed in Word, using complete sentences, proper grammar, and spelling. You should thoroughly answer each question posed by the specific case study assignment, making sure that the major ideas and themes are clear, consistent, and reflect analytical thinking.

Case Study 1 and 2 should each not exceed 2 pages in length. Case Study 3 should not exceed 5 pages in length.

Case Study 1 is due in Week 1, Case Study 2 is due in Week 2, and Case Study 3 is due in Week 4.

Comprehensive Problems

The course is divided into four two-week sections. The comprehensive problems will focus on the business environment and ethics (Weeks 1-2), tax returns (Weeks 3-4), a comprehensive audit program (Weeks 5-6), and a comprehensive financial report (Weeks 7-8). The problems will require knowledge of topics you have covered in previous accounting courses. The problems are comprehensive in nature and will require a significant time commitment, so please plan accordingly.

Ethics Book Report

For the Week 7 Ethics Book Report, you will choose one of the two texts listed below and write a 3-page review that includes summary of major themes and ideas, and includes at least 4 major themes or ideas from the book. The review must also provide a critique of the novel, reacting to the themes, the author's aims or intent, the subject of the book, how well it is written, and overall success or failure of the book.

For this review, you should choose one of the following:

  • McLean, B. & Elkind, P (2013). The smartest guys in the room. New York, NY: Random House. ISBN: 978-1-59184-660

  • Markopolos, H. & Casey, Fr. (2010). No one would listen. Hoboken, NJ: Wiley Publishing. ISBN: 978-0-470-91900-2

  Course Outline

Click on each week to view details about the activities scheduled for that week.

Required Resources
  • Scanlon, M., Titera, M., & Haskell, M. (2017, June). Revenue recognition: The new standard and transitional reporting. Insights: The Corporate & Securities Law Advisor, 31(6). (Via Stafford Library, found in the Content area)
  • Multimedia: Roger CPA Review Website (link found in the Content area)
    Website for students to explore the basic requirements as they prepare to study and sit for the Certified Public Accountant (CPA) exam.

Students will choose one (1) of the following (selected in Week 1; Ethics Book Report due in Week 7):

  • Markopolos, H. (2010). No one would listen. Hoboken, NJ:  Wiley Publishing.  ISBN:  978-0-470-91900-2.
  • McLean, B. & Elkind, P (2013). The smartest guys in the room. New York:  NY:  Random House.  ISBN:  978-1-59184-660.
       
Discussion 1

Please post a brief description of yourself, including at a minimum, where you live, work and play. Include where and in what subject you earned your undergraduate degree. Also, state your goals regarding obtaining a certification and your career aspirations. Please post by Thursday evening at 11:59 pm CT.

Discussion 2

While this course is not meant to be a CPA review program, there are several comprehensive review options available to students including Becker, Wiley, or Kaplan as an example (visit rogercpareview.com for an example, and be sure to watch the marketing videos). Spend some time researching a CPA exam review program. I would recommend starting your search by using “CPA Review Program” on the internet via a search engine. For the program you select, at a minimum, answer the following questions:

  1. In what format is the information presented (text, on-line, video, etc.)?

  2. How much does it cost?

  3. Does it cover all four sections?

  4. Do you think it would work well as a review program for you? Why or why not?

  5. What else did you find of interest that would benefit other potential applicants?

  6. Take a look at the reviews. Does the review program cover one section better than others?

Each student must research and discuss a different review program. If you have trouble finding one, please let me know. Complete your initial post by Friday at 11:59 pm CT.  By Sunday at 11:59 pm CT, respond to another student in the class by comparing or contrasting the information found with your classmate's CPA review program to yours.

Homework: Case Study 1

For Week 1, you will read the accounting case study, "Insights: The Corporate and Securities Law Advisor" (found in the Content area), and prepare a report. All work should be completed in Microsoft Word, using complete sentences, and thoroughly answering each topic. Your report should be no more than 2 pages in length.

Read the case study paying attention to the accounting guidelines, the likely changes the new revenue recognition standard will require, and the potential impact of those changes on patterns of revenue recognition. Then answer the following questions:

  1. How is revenue defined? What event triggers its recognition?
  2. Do the changes present a reasonable measure of the revenue earned by businesses during their reporting period?
  3. What do you feel necessitated the change? Do you think the changes in reporting will be successful? Why or why not?
  4. How is the proposed change consistent with revenue measures expected in business today?
  5. In your opinion, how do you feel the upcoming changes will affect companies subject to industry-specific revenue recognition and the significant alteration in reporting revenue?
  6. Will the new Revenue Recognition Standard provide more useful decision-making information than previously reported? Why or why not?
  7. Why is it important to keep the audit committees informed of changes in revenue recognition guidelines and policies?
  8. Many regulatory bodies such as the Financial Accounting Standards Board (FASB) and SEC mandate disclosures for business reporting. What is the definition of a disclosure as it relates to financial statements and why are they important to investors? Do you feel they are necessary—why or why not?
Required Resources

Saunders, A. & Brynjolfsson, E. (2016, March). Valuing information technology related to intangible assets. MIS Quarterly, 40(1). (Via Stafford Library, found in the Content area)

Discussion 3

Prospective CPA candidates can find a lot of information about the specifics of the CPA exam online.

  1. Visit the National Association of State Boards of Accountancy, American Institute of Certified Public Accountants, or your state licensing board websites.

  2. Check out the dropdown menu for Member Center, Exams, Licensure, and Education (nasba.org).

  3. Read topics to include the CPA Exam (aicpa.org).

    Then, share with the class a minimum of five (5) facts/rules/observations you discovered about the CPA exam for your state. Each of you should have different responses; do not repeat facts/rules/observations made by another student. Consider the following when reviewing the websites and sharing your findings. How much does it cost to take the exam? What are the eligibility requirements? How is the exam administered? What is considered a passing grade? How do you apply? Are there any upcoming changes?

     

Your initial post is due by Friday at 11:59 pm CT. You must respond to at least one other classmate’s post by Sunday, 11:59 pm CT.

CPA Preparation Plan

The plan is intended to outline the process you will take to prepare, sit for and pass the CPA exam. Each plan will be personal based on your schedule and learning style. The plan should be prepared in Word using bullets point format. You will prepare your exam answering such things as outlining the tasks, dates, and methods for studying. Include such topics as the review program you selected, study schedule, on which part of the exam you will focus initially and why, what study mechanisms fit your learning style, where you plan to sit for the exam, and other relevant information to keep you on track with your study goals and plan. The plan should be no more than 2 pages in length. Your plan is due by 11:59 pm CT on the Sunday of Week 2.

Homework: Case Study 2

Read the accounting case study, “Valuing Information Technology Related to Intangible Assets” (available through Stafford Library and in the Content area). The case study focuses on determining the value of information technology (IT) related intangible assets and their effect on business and financial statements. Pay attention to the questions the authors pose about quantifying the value of information technology intangible assets and analyzing the value to determine if they are evenly distributed across firms. Then, answer the following questions:

  1. How are tangible and intangible assets defined?
  2. Do you agree that IT hardware investments are increased when complementary investments (i.e., software) are also made? Defend your opinion.
  3. Why are IT investments riskier than non-IT investments?
  4. Are there aspects of accounting methods used that may cause investors, security analysts, committee members, etc., to over or under assess the financial performance of the business?
  5. What factors should an accountant consider when determining amortization timeframes?
  6. Do you agree with the author’s assessment that assets constructed in accordance with accounting standards measure only a fraction of the base value of IT? Why or why not?

All work should be completed in Microsoft Word, use complete sentences, and thoroughly answer each topic/question. Your report should be no more than 2 pages in length.

Required Resources
  • Taxation for Decision Makers: Chapters 1, 10, 11
  • Terris, D. 2005. Ethics at work: Creating virtue at an american corporation. Waltham, MA: Brandeis. (Via Stafford Library, found in the Content area)
Discussion 4

Review the many career choices in the tax profession. Start your research by spending some time on the internet researching various tax accountant jobs. What did you find? I would recommend visiting websites of accounting firms to see what types of positions are available and the types of tax services offered. If you have experience working in a tax accounting job, please share some of the tasks you performed. Consider the following as you prepare your discussion:

  1. What kind of jobs can you have as a tax accountant?

  2. What would your starting salary be?

  3. What do you think you would be doing on a daily basis? On a yearly basis?

  4. What are the pros and cons of the position?

  5. Do you feel there is a career path in tax accounting to suit your professional goals?

  6. Based on your research, what if anything would you add to your resume/experience to better prepare you for a job in tax accounting?

Your initial post is due by Friday at 11:59 pm CT. You must respond to at least one other classmate’s post by Sunday, 11:59 pm CT.

Comprehensive Problem 1

The Taxation for Decision Makers text provides a summary of all tax topics on the CPA exam. For this assignment, you will focus on more commonly used concepts and tax forms, as well as key issues that promote critical analysis and decision making.

Read Chapter 1, An Introduction to Taxation (pages 2-45); Chapter 10, Taxation of Corporations (pages 471-515); and Chapter 11, Sole Proprietorships and Flow-Through Entities, paying particular attention to Section 11.3 Partnerships on pages 526-542. Then, complete the following:

  1. Comprehensive Tax Return Problem #74 on pages 513-514. Submit the following forms for grading: Income Statement and Balance Sheet in Excel; Form 1120 and Form 4562 (use the latest available tax form from the Internal Revenue Service website: Internal Revenue Service (IRS) Website).
  2. Complete the Comprehensive Tax Return Problem #78 on pages 572-573. Submit the following forms for grading: Form 1065 and Form(s) K-1 (use the latest available tax form from the Internal Revenue Service (IRS) Website).

All tax returns and supporting work should be completed in Excel submitted to the Dropbox no later than Sunday at 11:59 pm Central Time. The Taxation for Decision Makers text will provide a summary of all tax topics. One (1) point will be deducted for each error in number and/or missing amounts. If a form is not submitted, the entire amount of points for that form will be deducted. Grading for forms submitted is as follows:

  • Income Statement: 10 points
  • Balance Sheet: 10 points
  • Form 1120: 10 points
  • Form 4562: 5 points
  • Form 1065: 10 points
  • Schedule K-1: 5 points
  • Total of 50 points
Required Resources
  • Taxation for Decision Makers: Chapters 3, 4, 5, 11
  • Terris, D. 2005. Ethics at work: Creating virtue at an american corporation. Waltham, MA: Brandeis. (Via Stafford Library, found in the Content area)
Discussion 5

In every accounting class, students typically consider themselves to be ethical persons. However, we don’t all have the same definition or description of what ethical behavior is. Consider, then, what you think makes someone an ethical person and answer the following:

  1. What basic characteristics define an ethical person?

  2. Where does your standard of ethics come from?

  3. Is it nature or nurture?

  4. How do you think ethics will play a role in your profession as a CPA?

  5. Is it okay to change your standard of ethical behavior based on the circumstances? Provide an example. Why do you feel change is or is not acceptable?

Your initial post is due by Friday at 11:59 pm CT. You must respond to at least one other classmate’s post by Sunday, 11:59 pm CT.

Homework: Case Study 3

Read the Ethics at Work: Creating Virtue at an American Corporation case (found in the Content area). As you read and analyze the case through the eyes of an executive or accountant at the corporation, summarize the case and the key points that stood out to you. As you summarize the case from your perspective, take into consideration whether the program addresses the following: (see page 118).

  1. Are the dangers of unethical leadership or misbehavior on the part of senior executives addressed?
  2. Are organizational behavior and individual misdeeds considered?
  3. Are the needs and concerns of rank and file employees addressed?
  4. Are the impacts of local, regional, national, and global communities assessed?

Also,

  1. Do you feel the company’s ethic program is appropriate, if so why? If not, what changes would you make?
  2. Are there instances where you feel the punishment for violating ethical policy was too harsh, too lenient?
  3. Compare and contrast your company’s ethic’s program to the one of Lockheed Martin (if you currently are not working, answer the question: Do you feel accountants should be accountable for a higher level of ethical behavior than other professions? Why or why not?)

Submit your completed ethics case study to the Dropbox no later than Sunday at 11:59 pm Central Time. All work should be completed in Microsoft Word, using complete sentences, and thoroughly answering each topic/question. Your report should be no more than 5 pages (single spaced) in length.

Comprehensive Problem 2

All tax returns and supporting work should be completed in Excel and submitted to the Dropbox. The Taxation for Decision Makers text will provide a summary of all tax topics. One (1) point will be deducted for each error in number and/or missing amounts. If the form is not submitted, the entire amount of points for that form will be deducted.

The Taxation for Decision Makers text will provide a summary of all tax topics on the CPA exam.  We will continue to focus on more commonly used concepts and tax forms; as well as key issues that promote critical analysis and decision making.  

Read Part II Income, Expenses, and Individual Taxes consisting of Chapters 3, 4, and 5 on pages 108-273 and Chapter 11, Sole Proprietorships and Flow-Through Entities paying particular attention to Section 11.4 S Corporation Characteristics on pages 543-575.

Complete the Comprehensive Tax Return Problem #104 on pages 272-273. Submit the following forms for grading: any calculations for prep work (Excel or Word), Form 1040, Schedule A, Form 8863 (use the latest available tax form from the Internal Revenue Service website: irs.gov). Grading for forms submitted is as follows:

  • Form 1040: 15 points
  • Schedule A: 10 points
  • Form 8863: 5 points
  • Form 1120S: 15 points
  • Schedule K-1: 5 points
Required Resources
  • Comprehensive Assurance & Systems Tool (CAST): An Integrated Practice Set-Assurance Practice Set, Assurance-1 through Assurance-30
  • Video: Ethics in Corporate America: A Crisis of Credibility (Via Stafford Library, found in the Content area)
Discussion 6

Watch the video “Ethics in Corporate America: A Crisis of Credibility” (available through Stafford Library and the Content area). The case scrutinizes the state of business ethics in America. The first few minutes of the video suggest that business ethics is an oxymoron. Use examples from the video, your Ethics Book report reading selection, and/or personal experience while discussing the state of business ethics today.

  1. As someone getting ready to embark on a career in accounting/auditing, do you think business ethics are improving or getting worse?

  2. What did you observe as you read your Ethics Book Report choice? Discuss any observations that made you think of ethics in a different way or grabbed your attention.

Your initial post is due by Friday at 11:59 pm CT. You must respond to at least one other classmate’s post by Sunday, 11:59 pm CT.

Comprehensive Problem 3

The audit comprehensive problem begins on page Assurance-1 and continues through page Assurance-30 of the Comprehensive Assurance and Systems Tool text. The problem presents a practice client acceptance audit and an audit of financial statements using a fictional winery called Chateau Americana (CA).

In order to complete the pages required, be sure to identify the procedures auditors may perform as part of the client acceptance process. Scan each complete page with your initials and current date and ensure your comments are legible. Submit the PDF pages of the following:

  • CA-100
  • CA-106 through CA-110
  • UB-200 through UB-205

Submit completed work (PDF documents) to the Dropbox no later than Sunday of Week 5 at 11:59 pm Central Time. Each practice case requires the submission of a total of 12 pages. Each page is worth 2 points for a total of 24 points. An additional point is awarded for completeness (initials and dates).

Required Resources

Comprehensive Assurance & Systems Tool (CAST): An Integrated Practice Set-Assurance Practice Set, Assurance-57 through Assurance-106

Discussion 7

Review the many career choices in the audit profession. Start your research by spending some time on the internet researching various audit accountant jobs. What did you find? If you have experience in an auditing related job, please share with the class. Consider the following as you prepare your answer:

  1. What kinds of audit services do accounting firms offer?

  2. What would your day-to-day responsibilities look like?

  3. What would it mean to be an auditor in a public accounting firm?

  4. How would your responsibilities differ if you were an auditor in a private company?

  5. Discuss the pros and cons of being an auditor.

  6. Are there additional certifications (besides a CPA) that are preferred in order to perform duties of an auditor?

  7. How do you feel your education and experience have prepared you for a position of auditor?  What is prominent and what skills may require more attention?

Your initial post is due by Friday at 11:59 pm CT. You must respond to at least one other classmate’s post by Sunday, 11:59 pm CT.

Comprehensive Problem 4

The second portion of the audit comprehensive problem begins on page Assurance-57 and requires completion of Modules 5.6 and 5.7 in the Comprehensive Assurance and Systems Tool text. The problem presents a practice performance audit test for the revenue cycle using a fictional winery called Chateau Americana (CA).

Scan each complete page with your initials and current date, and ensure your comments are legible. Submit the following pages as a PDF to the Dropbox by 11:59 pm Central Time on Sunday of Week 6:

  • R-101 thru R-104
  • R-210
  • R-400
  • R-410 thru R-413
  • R-420
  • R-500

The audit comprehensive problem homework is due no later than Sunday at 11:59 pm Central Time. Each practice case requires the submission of a total of 12 pages. Each page is worth 2 points for a total of 24 points. An additional point is awarded for completeness (initials and dates).

Course Evaluation
Please evaluate the course. You will have an opportunity to evaluate the course near the end of the session. A link sent to your CougarMail will allow you to access the evaluation. Please note that these evaluations are provided so that I can improve the course, find out what students perceive to be its strengths and weaknesses, and in general assess the success of the course. Please do take the time to fill this out.
Required Resources
  • Rockford Practice Set to Accompany Intermediate Accounting, 16th ed, pgs. 77-144
  • “Sunbeam: The Revenue Recognition Principle.” Fraud Cases: Violations of Generally Accepted Accounting Principles (GAAP) (Found in the Content area)
Discussion 8

Please read the “Sunbeam: The Revenue Recognition Principle” case (found in the Content area) and answer questions 1 and 2 from the case questions at the end of the reading. This case explores several violations of accounting principles you have learned about in financial accounting courses. Your post should summarize what you found in two paragraphs.

Complete your initial post by Friday night. By Sunday night, respond to another student’s findings by comparing the information you found to those findings.

Ethics Book Report

At the beginning of the course, you chose one of the two texts listed below. Write a 3-page review that includes summary of major themes and ideas, and includes at least 4 major themes or ideas from the book. The review must also provide a critique of the novel, reacting to the themes, the author's aims or intent, the subject of the book, how well it is written, and overall success or failure of the book.

For this assignment, you should review one of the following:

  • McLean, B. & Elkind, P (2013). The smartest guys in the room. New York, NY: Random House. ISBN: 978-1-59184-660

  • Markopolos, H. & Casey, Fr. (2010). No one would listen. Hoboken, NJ: Wiley Publishing. ISBN: 978-0-470-91900-2

Required Resources
  • Rockford Practice Set to Accompany Intermediate Accounting, 16th ed, pgs. 77-144
  • “Waste Management: The Definition of an Asset.” Fraud Cases: Violations of Generally Accepted Accounting Principles (GAAP). (Found in the Content area)
Discussion 9

Please read the “Waste Management: The Definition of an Asset” case study. Then, answer questions 1 and 2 from the case questions at the end of the reading. The case deals with a few violations of accounting principles you have learned in your financial accounting courses. The case is available in the Content area of the course. Your initial post should comprise of 1-2 paragraphs to fully explain your opinion on the violations.

Complete your initial post by Friday night. By Saturday night, respond to another student’s findings by commenting on his or her findings.

Comprehensive Problem 5

The final comprehensive financial accounting case we will explore is the Rockford Corporation problem. For this assignment you will be asked to prepare several journal entries, create journals, and then turn those journal entries into financial statements.

Read the case starting on page 77 of the text. You will be required to complete instructions 1-11 on pages 84-86. The Optional assignments instructions 12, 13, and 14 are not required. Also, we will not be using the alternative set of instructions on pages 87-89 for the course. An Excel template is available in the Content area for you to post your answers.

Submit your completed Excel worksheet and supporting calculations to the Dropbox no later than Saturday of Week 8 by 11:59 pm Central Time.

  Course Policies

Student Conduct

All Columbia College students, whether enrolled in a land-based or online course, are responsible for behaving in a manner consistent with Columbia College's Student Conduct Code and Acceptable Use Policy. Students violating these policies will be referred to the office of Student Affairs and/or the office of Academic Affairs for possible disciplinary action. The Student Code of Conduct and the Computer Use Policy for students can be found in the Columbia College Student Handbook. The Handbook is available online; you can also obtain a copy by calling the Student Affairs office (Campus Life) at 573-875-7400. The teacher maintains the right to manage a positive learning environment, and all students must adhere to the conventions of online etiquette.

Plagiarism and Academic Integrity

Academic integrity is a cumulative process that begins with the first college learning opportunity. Students are responsible for knowing the Academic Integrity policy and procedures and may not use ignorance of either as an excuse for academic misconduct. Columbia College recognizes that the vast majority of students at Columbia College maintain high ethical academic standards; however, failure to abide by the prohibitions listed herein is considered academic misconduct and may result in disciplinary action, a failing grade on the assignment, and/or a grade of "F" for the course.

Additionally, all required papers may be submitted for textual similarity review to Turnitin.com for the detection of plagiarism. All submitted papers may be included in the Turnitin.com reference database for the purpose of detecting plagiarism. This service is subject to the Terms and Conditions of Use posted on the Turnitin.com site.

Non-Discrimination

There will be no discrimination on the basis of sex, race, color, national origin, sexual orientation, religion, ideology, political affiliation, veteran status, age, physical handicap, or marital status.

Student Accessibility Resources

Columbia College is committed to creating a learning environment that meets the needs of its diverse student body. If you anticipate or experience any barriers to learning, communicate your concerns with the instructor. In addition to speaking with the instructor, the following resources are available to ensure an opportunity to learn in an inclusive environment that values mutual respect.

  • For students with disabilities/conditions who are experiencing barriers to learning or assessment, contact the Student Accessibility Resources office at (573) 875-7626 or sar@ccis.edu to discuss a range of options to removing barriers in the course, including accommodations.
  • For students who are experiencing conflict which is impacting their educational environment, contact the Office of Student Conduct at studentconduct@ccis.edu or (573) 875-7877.
  • For students who have concerns related to discrimination or harassment based on sex, gender identity, sexual orientation, pregnancy or parental status, please contact the Title IX Office at titleixcoordinator@ccis.edu. More information can be found at http://www.ccis.edu/policies/notice-of-non-discrimination-and-equal-opportunity.aspx

Online Participation

You are expected to read the assigned texts and participate in the discussions and other course activities each week. Assignments should be posted by the due dates stated on the grading schedule in your syllabus. If an emergency arises that prevents you from participating in class, please let your instructor know as soon as possible.

Attendance Policy

Attendance for a week will be counted as having submitted any assigned activity for which points are earned. Attendance for the week is based upon the date work is submitted. A class week is defined as the period of time between Monday and Sunday (except for week 8, when the work and the course will end on Saturday at midnight.) The course and system deadlines are based on the Central Time Zone.

Cougar Email

All students are provided a CougarMail account when they enroll in classes at Columbia College. You are responsible for monitoring email from that account for important messages from the College and from your instructor. You may forward your Cougar email account to another account; however, the College cannot be held responsible for breaches in security or service interruptions with other email providers.

Students should use email for private messages to the instructor and other students. The class discussions are for public messages so the class members can each see what others have to say about any given topic and respond.

Late Assignment Policy

An online class requires regular participation and a commitment to your instructor and your classmates to regularly engage in the reading, discussion and writing assignments. Although most of the online communication for this course is asynchronous, you must be able to commit to the schedule of work for the class for the next eight weeks. You must keep up with the schedule of reading and writing to successfully complete the class.

No late discussion posts will be accepted.

No assignments will be accepted without prior approval from the instructor. Due date extensions must be requested prior to the assignment’s due date and require instructor approval. Approval will be granted under significant extenuating circumstances. Late assignments that receive approval will be subject to a penalty of 10% per day late. No assignments may be submitted more than 2 days late.

Course Evaluation

You will have an opportunity to evaluate the course near the end of the session. A link will be sent to your CougarMail that will allow you to access the evaluation. Be assured that the evaluations are anonymous and that your instructor will not be able to see them until after final grades are submitted.

  Additional Resources

Orientation for New Students

This course is offered online, using course management software provided by Desire2Learn and Columbia College. The course user guide provides details about taking an online course at Columbia College. You may also want to visit the course demonstration to view a sample course before this one opens.

Technical Support

If you have problems accessing the course or posting your assignments, contact your instructor, the Columbia College Technology Solutions Center, or the D2L Helpdesk for assistance. If you have questions about the Ed Map storefront, please contact Ed Map Customer Service. If you have technical problems with the VitalSource eText reader, please contact VitalSource. Contact information is also available within the online course environment.

Online Tutoring

Smarthinking is a free online tutoring service available to all Columbia College students. Smarthinking provides real-time online tutoring and homework help for Math, English, and Writing. Smarthinking also provides access to live tutorials in writing and math, as well as a full range of study resources, including writing manuals, sample problems, and study skills manuals. You can access the service from wherever you have a connection to the Internet. I encourage you to take advantage of this free service provided by the college.

Access Smarthinking through CougarTrack under Students -> Academics -> Academic Resources.