Online Accounting WELCOME PACKET
Mar 29, 2016
Online Accounting
WELCOME PACKET
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
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WELCOME FROM THE DIRECTOR OF THE
SCHOOL OF ACCOUNTANCY
CONTENTS
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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
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.
WELCOME FROM THE PROGRAM MANAGER
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Darla Kay Karnes Coordinator Online Accounting Program Southern Illinois University School of Accountancy Mail Code 4631 Carbondale, IL 62901 618.453.1496 [email protected]
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.
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.
WHAT YOU CAN EXPECT FROM
YOUR DEGREE
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GETTING STARTED
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.
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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.
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
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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STEP 3
Now you can register for your classes!
GETTING STARTED
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.
2. When the WELCOME screen pops up, click on “REGISTER FOR CLASSES.”
3. When the Main Menu pops up, click on ‘STUDENT.”
4. When the Student screen pops up, click on ‘REGISTRATION.”
5. When the Registration screen pops up, click on “ADD OR DROP CLASSES.”
6. Enter your RUN (registration approval number given by advisement staff).
7. Select the Term you are registering for (i.e. Fall 2015) and click submit.
8. 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.”
9. 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).
oACCOUNTING
1. General Program Info2. Steps after Admission3. Advisement Information4. Course Scheduling5. Registration Instructions6. Online Agreement?7. Textbook Info8. Faculty and Staff bios9. Contact Information
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Updated Online Accounting Course Offerings A/B Spring Summer Fall
ACCT 220 - Accounting I A X X X
ACCT 230 - Accounting II B X X X
ACCT 321 - Intermediate I A X X
ACCT 322 - Intermediate II B X X
ACCT 331 - Cost Accounting B X X
ACCT 341 - Tax A X X
ACCT 360 - Accounting Systems B X X
ACCT 421 - Advanced Accounting B X X
ACCT 441 - Advanced Tax B X X
ACCT 460 - Auditing A X X
ACCT 465 - Internal Auditing B X X
ACCT 468 - Forensic Auditing B X X
ACCT 414 - Ethics A X X
"A" designation meets the first 8 weeks during the spring and fall semesters.
"B" designation meets the second 8 weeks during the spring and fall semesters.
Additional summer course offerings based on demand/enrollment.
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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 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
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For textbook information, remote proctor information and much more please visit:
http://onlineug.business.siu.edu/mycampus
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 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 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.
Royce Burnett, Ph.D., CPA, CMA,
CGMA - Director of the School of
Accountancy
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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.
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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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Jackie Anne Collins
Lecturer
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
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John Fraedrich
James N. Jannetides Professor of
Business Ethics
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.”
Darla Karnes, CPA, MAcc
Senior Lecturer & Program Manager
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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
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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 INTERESTSEffects of securities regulation on domestic and international business entitiesThe relationship between incentives created by regulatory policy on capital markets and its effects on corporate governanceFinancial reporting and disclosureRegulatory compliance
AWARDSSchool of Accountancy Lecturer of the Year - 2007, 2002
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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
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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.
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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
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, cost-
volume-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
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.
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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.
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WELCOME