Online Accounting
WELCOME PACKET
WELCOME FROM THE DIRECTOR OF THE SCHOOL OF ACCOUNTANCY Welcome to the School of Accountancy Online Degree Completion Program. We are very pleased that you have chosen to participate in this online version of a program that has a long tradition of excellence and great respect in the profession. We have worked hard to create and maintain a high-quality online program. From course content to technological delivery to student engagement, the program sets high academic standards and provides the support you need to meet those expectations. Our goal is to ensure that your learning experience is no different from that of a residential student and that you will earn the same benefits of graduating from an institution that: • Is among an elite group that maintains AACSB accreditation for both the College of Business and the School of Accountancy; • Provides access to highly trained professors who are committed to your success. • Provides the curriculum that will prepare and qualify you to sit for the CPA exam. Most importantly, our program is designed to provide you with the knowledge and skills to be a successful accounting professional. So we are excited to have you in our program, and we look forward to working with you on your path to a bright future!
Alice M. Noble-Allgire, J.D. Acting Director, School of Accountancy
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o A C C O U N T I N G
CONTENTS 2. Welcome from Director of the School of Accountancy 4. Welcome from Program Manager 5. General Program Info 6. Getting Started 9. Technical Support 10. CPA Requirements 11. Faculty and Staff Bios 18. Course Descriptions
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WELCOME FROM THE PROGRAM MANAGER Welcome to the Online Accounting Degree Completion Program offered by the College of Business at Southern Illinois University. I am happy you have joined our program. Our courses are team delivered. As program manager, I have the privilege of working with our outstanding professors and teaching assistants to develop and deliver eight-week courses that are challenging yet flexible. The web-based course format is similar across the courses in the program, yet each course integrates unique activities appropriate to that course. Many of our students work full-time, have families, and other commitments. Some enroll full-time while others take courses part-time. Whatever schedule works for you, expect to work hard as you engage with fellow students online and complete your degree. Communication is important during the program. We will keep you informed, and we welcome communication from you. At least once each week, emails will be sent to your SIU email account to share important information. If you need assistance, we are only a phone call or email away. Dedication to the course and the ability to manage time are key ingredients to student success. From acceptance into the program until commencement, we are here to assist you. Welcome! Work hard; enjoy your courses!
Ann M. Pearson, Ph.D. Online Undergraduate Program Manager College of Business Rehn Hall, Room 107- Mail Code 4619 Southern Illinois University 1025 Lincoln Drive Carbondale, IL 62901 618/453-7961 oprogmgr@business.siu.edu
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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, 131 A 618 | 453-7956 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?
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GETTING STARTED STEP 3 Now you can register for your classes! Registration Calendar Summer 2017 – April 3-June 18, 2017 Fall 2017– Section A – April 3 – August 27, 2017 Fall 2017 – Section B – April 3– Oct. 16, 2017 *More information available at registrar.siu.edu
How to Register: 1.
Sign into SalukiNet using your SIU Dawg Tag and password.
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When the WELCOME screen pops up, click on “REGISTER FOR CLASSES.”
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When the Main Menu pops up, click on “STUDENT.”
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When the Student screen pops up, click on ‘REGISTRATION.”
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When the Registration screen pops up, click on “ADD OR DROP CLASSES.”
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Enter your RUN (registration approval number given by advisement staff).
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Select the Term you are registering for (i.e. Fall 2017) and click submit.
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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.”
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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
GETTING STARTED STEP 4 Within 24 hours after student self registration, your SIU email address will be created. All communications during the program will be sent to this address. You will be able to view your SIU email on Salukinet under “SIU email.”
STEP 5 Update your phone number and address on salukinet. Click on the link below and go to the “My Records” tab. https://salukinet.siu.edu
STEP 6 Monitor your SIU email daily for more information. Optional: Request your student ID card (a charge will be added to your Bursar bill.) You may want it to receive student discounts at participating locations. To request your ID, contact Kim Little at klittle@business.siu.edu.
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TECHNICAL SUPPORT Need assistance? Your College of Business staff is here to help! Contact your course TA for assistance with: • understanding course concepts • issues related to assignments • issues related to exams Your TA is available via the course email on your course homepage, 618/453-4016 or 618/453-7999. Contact Leslee Hammers, your online specialist, if you: • have questions related to participation in your current course • experience technical issues accessing your course or exams Your online specialist is available at ospecialist@business.siu.edu, or 618/453-4068. Contact Kim Little, your academic advisor if you need: • assistance with your academic advisement and student course registrations Your advisor is available at klittle@business.siu.edu or 618/453-7956 Contact SalukiTech for: • SIU email issues at 618/453-5155 or SalukiTech@siu.edu. • 24/7 tech support (excluding University Holidays and Administrative Closure days)
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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 414 – Business Ethics ACCT 421 – Advanced Accounting ACCT 431 – Advanced Cost Accounting ACCT 441 – Advanced Tax ACCT 460 – Auditing ACCT 465 – Internal Auditing *Research & Analysis – credit is 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/
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Royce Burnett, Ph.D., CPA, CMA, CGMA, Associate Professor
Royce D. Burnett is the 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 Educators’ Journal. Burnett’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 Burnett 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.
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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.
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John Fraedrich James N. Jannetides Professor of Business Ethics John 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, 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
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Darla Karnes, CPA, MAcc Senior Lecturer
Darla Karnes is a senior lecturer in the School of Accountancy. Karnes has been a faculty member in the College of Business since 2000 teaching 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. She served as director of the Online Accounting Degree Completion program from conception to summer 2015. In 2011, Karnes was named SIU NTT Teacher of the Year. This past year Karnes authored the first Interactive Presentations for McGraw Hill’s Fundamentals of Financial Accounting – 4th Edition. 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.” 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
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Marc Morris, J.D, Ph.D., MBA Associate Professor of Accountancy
Marc Morris joined the SIU College of Business in 2010. 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 MBA. from Southern Illinois University. He 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
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Ed O’Donnell, Ph.D. Emerson Groennert Professor of Accountancy
Ed O'Donnell joined the School of Accountancy faculty at the SIU College of Business in the Fall of 2009. He teaches courses in financial statement auditing, information systems assurance, auditor risk assessment, and experimental accounting research methods. O'Donnell's area of expertise also includes enterprise risk management, accounting information systems, and information technology governance. O'Donnell's research examines how people use accounting information to make decisions. His basic research uses theories from cognitive psychology as a framework for examining how characteristics of the decision maker and variables in the decision environment influence professional judgment and diagnostic reasoning in accounting contexts. O'Donnell's applied research examines ways to improve auditing decisions and develop more effective frameworks for more enterprise risk management and information technology governance. O'Donnell was awarded a Ph.D. in accounting from the University of North Texas in 1995. He spent five years on the faculty at Mississippi State University, six years on the faculty of Arizona State University, one year as a visiting professor at the University of Connecticut, and three years on the faculty at the University of Kansas prior to joining the faculty at SIU. O'Donnell was a practicing accountant for 14 years before he entered the doctoral program. He started his career as auditor for an international accounting firm, served as controller for a diversified food service and retailing company, then practiced public accounting as a sole proprietor.
RESEARCH INTERESTS • Risk management • Auditor judgment
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Marcus Odom, CPA, Ph.D. Director of M.Acc Program Professor
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. He also serves as the director of the Macc program. “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
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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 Ed O'Donnell, CPA, Ph.D., Emerson Groennert Professor of Accountancy 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 Royce Burnett, Ph.D., CPA, CMA, CGMA, 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.
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PROGRAM CURRICULUM ACCT 341 Introduction to Taxation – 3 credit hours Marc Morris, Ph.D., J.D. and Associate 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 Marcus Odom, CPA, Ph.D., Director of the MAcc Program, 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 John Fraedrich, Ph.D., 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.
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PROGRAM CURRICULUM ACCT 431 Advanced Cost Accounting – 3 credit hours Marcus Odom, CPA, Ph.D., Director of the MAcc Program, Professor Managerial decision making; profit planning and control through relevant costing, return on investment and transfer pricing, determination of cost behavior patterns, analysis of variances, capital budgeting, inventory models, probabilities, statistical methods, and operations research. Prerequisite: ACCT 331 with grade of C or better. Restrictions: Accounting majors or minors, junior standing or higher. ACCT 441 Advanced Tax – 3 credit hours Marc Morris, Ph.D. JD, Associate 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 Marcus Odom, CPA, Ph.D., Director of the MAcc Program, 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 Ed O'Donnell, CPA, Ph.D., Emerson Groennert Professor of Accountancy 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. 20
WELCOME
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