oAccounting Welcome Packet by Christie Mitchell

Online Accounting

WELCOME PACKET

WELCOME FROM THE DIRECTOR OF THE SCHOOL OF ACCOUNTANCY

Welcome to the School of Accountancy Online Degree Completion program. As director of the School, I am very pleased you have chosen to take part in this exciting academic experience. We have worked hard to ensure the quality of the program. From course content, to topic delivery, to student engagement the program is committed to superior academic quality and student success. The learning experience and benefits you receive are no different than those of a residential student: • • •

The program maintains separate accreditation from the AACSB, the premier accounting body for business schools. You have access to highly trained professors committed to your success. The courses you take will both prepare and qualify you to sit for the CPA exam.

Will all of these pluses, the program provides a solid base for your future as an accounting professional. Again welcome to our School, our College and our University. Royce D. Burnett, PhD, CPA, CMA, CGMA Director, School of Accountancy KPMG Research Fellow University Provost Fellow

o A C C O U N T I N G

CONTENTS 4. Welcome 5. General Program Info 6. Getting Started 7. Advisement information 8. Course Offerings 9. CPA Requirements 10.Textbook Info 11.Faculty and Staff Bios 18. Course Descriptions 3

WELCOME FROM THE PROGRAM MANAGER I would like to extend a sincere welcome to the online accounting degree completion option. We are very excited that you have chosen to join us. You have been strategically hand picked and we have high expectations of what you will accomplish. Some people think online degree programs are somehow less demanding than the more traditional, residential program delivery. Don’t buy into that. You’ll find, as we have, that this online format will be every bit as demanding and more. Our professors don’t stand in front of a board with a piece of chalk and talk at you. Instead, they will incorporate videos, online interviews, articles, and discussion threads, within their lessons for your interaction and engagement. You will also have the ability to engage with your classmates and share from each others’ unique experiences. Our online faculty are not only outstanding instructors, they are outstanding scholars. They have a wonderful ability to translate cutting-edge research into teachable and usable material that you will use in the accounting industry. I predict you will find them to be some of the most interesting people you have ever encountered. I whole heartedly hope that you find a challenging and rewarding experience as we embark on this adventure together. Congratulations on being chosen to complete your degree at SIU. Please remember that I, as well as the rest of the team, are here to help every step of the way. So, welcome. Work hard. Have fun. Darla Kay Karnes Coordinator Online Accounting Program Southern Illinois University School of Accountancy Mail Code 4631 Carbondale, IL 62901 4 618.453.1496 dkarnes@business.siu.edu

oACCOUNTING We are among a select group that includes the top 5% percent of all accounting programs! That's because we have the rare distinction of earning accreditation from the Association to Advance Collegiate Schools of Business International for both the college and the accounting program.

WHAT YOU CAN EXPECT FROM YOUR DEGREE Our program provides undergraduate accounting program graduates with the basic understanding of accounting concepts (financial, taxation, auditing, managerial and accounting information systems) such that they can prepare, analyze and communicate accounting information. Students graduating with an undergraduate degree should be able to effectively communicate both orally and in writing in a business setting. Graduates should also be able to apply their accounting knowledge to unstructured problems and to work effectively in a team environment as well as in a computer-based environment. 5

GETTING STARTED STEP 1 It is now time to walk through a couple of steps to get you registered for your classes! The first step is to claim your Network ID. Once you have this you will be able to log on to salukinet.siu.edu to register for classes, view your transcripts, and track your financial information.

Creating your SIU NetID The first step to becoming enrolled in your accounting classes is to create your SIU NetID. The NetID will allow you to register for this semester’s courses. To create your NetID go to https://netid.siu.edu and follow the instructions listed on the website. STEP 2 Before registering online for your classes, please contact your advisor, Kim Little. She is here to help! Please reach out to her with any questions you have about registration or course planning. Kim Little Director of Undergraduate Online Student Services Rehn Hall, 129A 618 | 536-4431 klittle@business.siu.edu

Your advisor will ask you a series of questions to structure a degree completion plan personalized for you. She will also provide you with your registration user number (RUN), this is required in order to register within SalukiNet. Please be prepared to discuss: • •

How many classes do you want to take per semester? How quickly do you want to complete your degree?

GETTING STARTED STEP 3 Now you can register for your classes! Registration Calendar Fall 2015 – registration dates are April 7– August 24, 2015 Registration for the Summer 2015 term begins April 7, 2015 *More information available at registrar.siu.edu

How to Register: 1.

Sign into SalukiNet using your SIU Dawg Tag and password.

When the WELCOME screen pops up, click on “REGISTER FOR CLASSES.”

When the Main Menu pops up, click on ‘STUDENT.”

When the Student screen pops up, click on ‘REGISTRATION.”

When the Registration screen pops up, click on “ADD OR DROP CLASSES.”

Enter your RUN (registration approval number given by advisement staff).

Select the Term you are registering for (i.e. Fall 2015) and click submit.

In the “ADD CLASSES WORKSHEET”, look for boxes along the bottom of the screen and type in all the course register numbers (CRN) and click “SUBMIT CHANGES.”

All your courses should then generate into a schedule. If there are any problems, an error message will appear.

To see the self-registration process in action, watch this Registration Tutorial (as a Flash video). 7

oACCOUNTING Updated Online Accounting Course Offerings

A/B

Spring

Summer

Fall

ACCT 220 - Accounting I

ACCT 230 - Accounting II

ACCT 321 - Intermediate I

ACCT 322 - Intermediate II

ACCT 331 - Cost Accounting

1. General Program Info A X ACCT 360 - Accounting Systems 2. StepsBafter Admission X ACCT 421 - Advanced Accounting B XInformation 3. Advisement ACCT 441 - Advanced Tax B X 4. Course Scheduling ACCT 460 - Auditing A XInstructions 5. Registration ACCT 465 - Internal Auditing B X 6. Online Agreement? ACCT 468 - Forensic Auditing B X X 7. Textbook Info ACCT 414 - Ethics A X X 8. Faculty and Staff bios "A" designation meets the first 8 weeks during the spring and fall semesters. Information "B" designation meets the second 8 weeks during 9. the Contact spring and fall semesters. ACCT 341 - Tax

X X X X X X

Additional summer course offerings based on demand/enrollment.

CPA REQUIREMENTS Illinois Board of Examiners Effective July 1, 2013 Please refer to Section 1400.90 of the Administrative Rules for complete transcript of requirements on the Illinois Board of Examiners website @ www.ilboa.org. Accounting Hours: 30 semester college hours in accounting include: Managerial Accounting, Taxation, Financial Accounting, Audit, and at least two semester college hours in Research & Analysis. Business Hours: 24 semester college hours in business including: two semester college hours of Business Communication and three semester college hours of Business Ethics. Total Hours: You must have completed 150 semester college hours* including at least a baccalaureate degree posted to transcript or be approved as a provisional candidate before taking the first section of the CPA examination. *Conversion of quarter credit hours to semester college hours – quarter credit hours may be converted to semester college hours by multiplying quarter credit hours by two-thirds. CPA Requirements – Specific to SIU Online Accounting Completion Degree ACCT 220 – Accounting I Financial (included as business credit hours) ACCT 230 – Accounting II Managerial (included as business credit hours) ACCT 321 – Intermediate Accounting I ACCT 322 – Intermediate Accounting II ACCT 331 – Cost Accounting ACCT 341 – Introduction to Taxation ACCT 360 – Accounting Systems Operation ACCT 460 – Auditing ACCT 421 – Advanced Accounting ACCT 441 – Advanced Tax ACCT 465 – Internal Auditing ACCT 468 – Forensic Accounting ACCT 414 - Ethics *Research & Analysis - hours are satisfied upon completion of the 300 and 400 level accounting courses listed above.

**Business Communication – Management 202 meets those requirements. Additional state requirements can be found at http://nasba.org/stateboards/

TEXTBOOKS For textbook information, remote proctor information and much more please visit: http://onlineug.business.siu.edu/mycampus

Royce Burnett, Ph.D., CPA, CMA, CGMA - Director of the School of Accountancy

Royce D. Burnett is the director of the School of Accountancy and a SIU Provost Fellow. Within the School of Accountancy, Burnett is also an associate professor and the KPMG Research Professor. Burnett earned his Ph.D. from Oklahoma State University in 2003. At SIU Carbondale, Burnett teaches Cost and Management Accounting at the undergraduate and graduate level (MBA and MACC) as well as a Research Seminar at the Ph.D. level. His research interests focus on environmental cost management, corporate sustainability, public policy and education. Burnett has published in Accounting, Organizations and Society, the Journal of Accounting and Public Policy, Accounting and the Public Interest and the Accounting Educatorsâ&#x20AC;&#x2122; Journal. Burnettâ&#x20AC;&#x2122;s commitment to practice remains strong as he has also published in leading practice focused journals such as the Journal of Corporate Accounting and Finance.

Prior to a career in academia, Burnett worked for over seventeen years in the business community where he held positions with Ernst and Young, PriceWaterhouse Coopers, Electronic Data Systems, General Motors, and BP/Amoco. During this time, he also established and ran a successful CPA practice focused on non-profit management. When asked what he enjoys most about working with College of Business students, Burnett responded, "I enjoy the hunger the students have to learn. It is refreshing to see a body of students who still believe that education is the key to social and economic advancement. They also really, really, really try. After all, effort is 75 percent of the battle called education." It is this passion about student success that has allowed Burnet to win teaching awards at every institution he has been affiliated with. What is even more outstanding is that he has won these awards at both the undergraduate and graduate levels.

Jim Cali, CPA, CFF, CGMA Lecturer

Jim has 30+ years of auditing and accounting experience, including internal audits, financial audits, and forensic accounting, and financial investigations. He is currently the director of Internal Audit for the Bi-State Development Agency, more commonly known as “Metro”, the Greater St. Louis area’s public transportation agency. In December 2006 he retired from the Broward County Sheriff’s office as director of internal audit and manager of Forensic Accounting Investigations. He has conducted financial investigations for over 30 criminal cases involving organized crime, terrorist financing, cargo theft, drug trafficking, embezzlement, bank fraud, securities fraud, insurance fraud, mortgage/loan fraud, auto theft, prescription drug diversion, arson-for-profit and money laundering. He has worked joint investigations with Miami Dade Police Department, Palm Beach County Sheriff’s Office, NYPD, GBI, Maricopa County Sheriff’s Office, AFTE, DEA, ICE, IRS, DHS, FBI Secret Service, USDA, Postal Inspectors, Department of Labor, and law enforcement agencies from Canada, Barbados, Bahamas, Haiti, Jamaica, and France. He has testified in front of Grand Jury and as an expert witness numerous times in both state and federal courts. Shortly after September 11, 2001 he was selected and trained by the Office of Homeland Security to be a member of the Joint Terrorism Task Force (JTTF), an elite investigative unit, which focused on forensic accounting investigations of terrorist financial networks in Florida. On September 7, 2007 Cali received from the United States Department of Justice an “Outstanding Law Enforcement Officer Of The Year Award” for his financial investigation related to a nation-wide prescription drug diversion and money laundering case. Professionally, he is a member of the Association of Certified Fraud Examiners, American Institute of Certified Public Accountants, Institute of Internal Auditors, International Association of Arson Investigators, and the CPA professional organizations for the states of Missouri, Illinois, and Florida.

Jackie Anne Collins Lecturer

Jacklyn Anne Collins holds her Certified Public Accountant licenses in New York and Florida. She received her undergraduate degree from Iona College, New Rochelle, New York, an MBA- Finance from St. John’s University, Queens, New York and a Masters of Professional Accounting from the University of Miami, Coral Gables, Florida. Collins worked for the accounting firm Deloitte, New York City office, for 11 years achieving the title of senior tax manager. Her industry specialization focused in the areas of investment companies and investment partnerships. In 2000, she began teaching accounting and economics at Miami Dade College, Kendall Campus. In 2003, she accepted an adjunct position at the University of Miami with the Department of Accounting, becoming a full time lecturer in 2006. At UM, Collins teaches financial and managerial accounting, intermediate accounting, auditing, taxation and advanced accounting. Her publications include the IMA: Strategic Finance Journal, “Higher Employment Taxes on the Horizon for S Corporations” Oct. 2010 and “FAS Reimbursement for Non-prescriptive Drugs” Dec. 2010. She holds membership with the American Institute of CPA’s (AICPA), Florida Institute of CPA’s ( FICPA), Institute of Internal Auditors ( IIA), and the American Accounting Association. For the past six years, she has been the faculty advisor of the UM Beta Alpha Psi Chapter #60. Collins maintains a tax practice in Miami Florida advising a diverse group of individual clients, condo associations and S-corporations. Areas of service include review of financial information, preparation of filings with the Internal Revenue Service, correspondence with the IRS, self-employment issues, incentive stock options, real estate holdings, employment transition issues and business continuation planning.

John Fraedrich James N. Jannetides Professor of Business Ethics

Fraedrich received his degrees from Brigham Young and Texas A and M University and is the Jannetides Professor of Business Ethics at Southern Illinois University. In 2006, Dr. Fraedrich was asked by the Bill Daniels Foundation to become their Distinguished Professor of Business Ethics for the State of Wyoming where he developed and implemented a state wide program of ethics integration into business and non-business educational programs. He has written over 50 books, articles, and proceedings, mostly related to the application of ethics and values and has represented academia at the Ambassador level in Washington D.C. He is considered to be one of the top ethics researchers within the U.S. and abroad. Fraedrich's ethics books are the market leader within both the general and applied ethics arena. He is also the author of an integrated application oriented ethics software for academics and Fortune 500 corporations. • RESEARCH INTERESTS • Business ethics • Ethical decision making • Values, corporate culture • White collar crime and behavioral genetics

Darla Karnes, CPA, MAcc Senior Lecturer & Program Manager

Darla Karnes, senior lecturer in the School of Accountancy, was recently named program manager for the online accounting degree completion option offered through the College of Business. Karnes has been a faculty member in the College of Business since 2000 and during that time has taught over 100 classes and 7,000 students in the areas of Financial and Managerial Accounting, and Taxation. She has been course coordinator for Accounting 210, 220, and 230 at SIU, and began online course delivery for Accounting 220 and 230 in 2012. This past year Karnes authored the first Interactive Presentations for McGraw Hill’s Fundamentals of Financial Accounting – 4th Edition. In 2011, Karnes was named SIU NTT Teacher of the Year. Karnes earned her undergraduate degree at SIU in Health Care Management and worked in the health care industry for over 15 years prior to becoming a faculty member in the College of Business. In 1997, Karnes passed the CPA in the state of Illinois and in 2000 earned her MAcc with specialization in taxation from SIU. Karnes has a great deal of gratitude and respect for the faculty in the School of Accountancy at SIU. “I had a tremendous amount of support and encouragement from my accounting professors during the time I was a graduate student at SIU. They truly made a difference in my life and I just hope I can do the same for my students.” She enjoys working with College of Business students because of their determination and commitment to education. She said, “It is apparent our College of Business students are happy to be here and are very eager to learn. There is nothing more rewarding than seeing a student work hard, accomplish something they never thought possible and flourish.” Karnes believes the professional opportunities she has had are directly linked to SIU. Karnes added, “Aside from spending time with my family and friends there is no place I’d rather be. I believe in SIU and all the wonderful people here; I have the best job in the world.”

Karnes loves college basketball, traveling, collecting art, gardening, and hanging out with her family and friends. Karnes and her husband have three children. Jackson Treece a student at the University of Arkansas, Zac Treece a graduate of SIU and an accountant in St. Louis, and Heather Karnes a registered nurse in Nashville, TN. Awards:  2011 SIU College of Business NTT Teacher of the Year  2010 SIU College of Business NTT Teacher of the Year  2007 SIU College of Business NTT Teacher of the Year  2013 KPMG School of Accountancy Lecturer of the Year  2012 KPMG School of Accountancy Lecturer of the Year  2010 KPMG School of Accountancy Lecturer of the Year  2007 KPMG School of Accountancy Lecturer of the Year  2002 KPMG School of Accountancy Lecturer of the Year  2013 SIU Greek Council’s Professor of the Year

Marc Morris, J.D, Ph.D, MBA Director M.Acc. Program and Assistant Professor of Accountancy

Marc Morris joined the SIU College of Business as an assistant professor of accountancy in 2010. He became the director of the M.Acc. program in 2014.

Morris began is teaching career at the Michigan State School of Law after spending some time in private practice and serving as director of financial planning and administration for Cook County in Chicago, Illinois and senior financial analyst and compliance officer for Siemens-ICN in Boca Raton, Florida. Morris earned his J.D. from the University of Wisconsin Law School, and his Ph.D. and M.B.A. from Southern Illinois University. He also currently teaches Business Enterprises, Accounting for Lawyers and Partnership Taxation at SIU School of Law. RESEARCH INTERESTS Effects of securities regulation on domestic and international business entities The relationship between incentives created by regulatory policy on capital markets and its effects on corporate governance Financial reporting and disclosure Regulatory compliance AWARDS School of Accountancy Lecturer of the Year - 2007, 2002

Marcus Odom, CPA, Ph.D. Professor

Marcus Odom is an enthusiastic and engaging instructor. Odom teaches undergraduate and graduate accounting information systems, internal auditing and fraud auditing. He served as director of the School of Accountancy from 2011 to 2014.. “The people I work with at the college are brilliant, cheerful and always willing to go the extra mile,” said Odom. “I also love this region of the country. It’s a beautiful environment.” Odom came to SIU in 1998 from The University of Southwestern Louisiana. He has also taught at Oklahoma State University and Central Texas College. A native of Arkansas, Odom grew up enjoying motocross and drag racing but he didn’t drag his feet in school. Odom earned bachelor’s and master’s degrees in accounting from Arkansas State University and a doctorate in accounting from Oklahoma State University. He also served as a captain in the U.S. Army. RESEARCH INTERESTS  Internal auditing  Fraud auditing  Impact of new technology on accounting information systems and the behavioral implications of new technology on system users  Specific areas of new technology including artificial intelligence, expert systems, image processing, electronic data interchange, group decision support software and the internet

Marc Ortegren, Ph.D. Assistant Professor

Marc Ortegren is an assistant professor in the School of Accountancy. He earned a B.S in accounting from SIU in 2002, a Master's of Accounting from SIUE in 2003, and a Ph.D. in accounting from Texas Tech University in 2010. Here at SIU, Ortegren has taught or is currently teaching Introductory Financial Accounting, Intermediate Financial Accounting and Advanced Financial Accounting. Ortegren's research interests include the judgment and decision making of accountants and auditors, professional identification, professional commitment and business ethics. His research has been published in such journals as The Journal of Business Ethics and Accounting Horizon.

PROGRAM CURRICULUM ACCT 220 Accounting I Financial – 3 credit hours Darla Karnes, CPA, MAcc, Senior Lecturer This course covers the basic concepts, principles and techniques used to generate accounting data and financial statements and to interpret and use the financial data to enhance decision making. ACCT 230 Accounting II Managerial – 3 credit hours Darla Karnes, CPA, MAcc, Senior Lecturer This course covers the use of accounting information for managerial planning, control and decision making through budgeting, cost and variance analyses, and responsibility accounting. ACCT 321 Intermediate Accounting I – 3 credit hours Dr. Marc Ortegren, Ph.D., Assistant Professor This course covers current accounting principles and procedures relating to elements of financial reporting. Particular emphasis is on current and fixed asset valuation.

ACCT 322 Intermediate Accounting II – 3 credit hours Darla Karnes, CPA, MAcc, Senior Lecturer This course is a continuation of the study of accounting principles and procedures with emphasis on liabilities, corporate capital, and income determination. Preparation and use of special statements; analysis and interpretation of statements. ACCT 331 Cost Accounting – 3 credit hours Dr. Royce Burnett, Ph.D., CPA, CMA, CGMA, Director of the School of Accountancy & Associate Professor This course covers the interpretation and managerial implications of material, labor, and overhead for job order, process and standard cost systems, costvolume-profit relationships, direct costing, and budgeting. Accounting for complex process production flows, joint and by-products, spoilage, and scrap. 20

PROGRAM CURRICULUM ACCT 341 Introduction to Taxation – 3 credit hours Dr. Marc Morris, Director of the MAcc program, Ph.D., J.D. and Assistant Professor This course covers background, principles, and procedures for the determination of taxable income as a basis for federal income tax. Particular attention is given to those aspects, which are at variance with usual accounting treatment in the determination of net income. Includes practice in the methodology of tax solutions. ACCT 360 Accounting Systems Operations– 3 credit hours Dr. Marcus Odom, CPA, Ph.D., Professor This course focuses on accounting information systems analysis and design. Focusing on internal controls, data modeling, databases, documentation tools and information retrieval to improve business decisions. ACCT 414 Business Ethics– 3 credit hours Dr. John Fraedrich, James N. Jannetides Professor of Business Ethics This course covers accounting principles and procedures relating to specialized topics, including partnership equity, installment and consignment sales, fiduciaries, international operations, branches, and business combinations. ACCT 421 Advanced Accounting – 3 credit hours Jackie Anne Collins, CPA, MBA, MAcc, Lecturer This course covers accounting principles and procedures relating to specialized topics, including partnership equity, installment and consignment sales, fiduciaries, international operations, branches, and business combinations.

PROGRAM CURRICULUM ACCT 441 Advanced Tax – 3 credit hours Dr. Marc Morris, Director of the MAcc program and Assistant Professor This course focuses on income tax problems which arise from sole proprietorship, partnership, limited liability company, corporation, estate, and trust. Student does research in source materials in arriving at solutions of complicated problems. ACCT 460 Auditing – 3 credit hours Dr. Marcus Odom, CPA, Ph.D., Professor This course provides an overview of processes for planning and executing a risk-based audit; explains the procedures auditors use to evaluate internal controls; describes the tests auditors conduct to substantiate financial statement accounts.

ACCT 465 Internal Auditing – 3 credit hours Jim Cali, CPA, CFF, CGMA, Lecturer This course covers internal audit from a broad perspective to include information technology, business processes, and accounting systems. Topics include internal auditing standards, risk assessment, governance, ethics, audit technique, and emerging issues. It covers the design of business processes and the implementation of key control concepts and will use a case study approach that addresses tactical, strategic, systems, and operational areas. ACCT 468 Forensic Accounting – 3 credit hours Jim Cali, CPA, CFF, CGMA, Lecturer This course focuses on forensic accounting processes and tools used in the detection and prevention of fraud against the company. Topics include skimming, cash larceny, check tampering, billing schemes and others. An emphasis of the course will be upon the use of computer aids.

WELCOME