ACC499 Syllabus

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ACC 499 – Undergraduate Accounting Capstone

© 2012 Strayer University. All Rights Reserved. This document contains Strayer University Confidential and Proprietary

information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed writtenpermission of Strayer University.

ACC 499 Student Version 1122 (1002 11-18-2011) Final of 18

(Prerequisite: To be taken as the last course in degree program)

COURSE DESCRIPTION

This course provides students opportunities for analysis, synthesis, prescription, and application ofaccounting concepts. Students will apply critical-thinking and decision-making skills to real-world business

cases involving complex accounting decisions.

INSTRUCTIONAL MATERIALS

Required Resources

Strayer University (2011). Accounting undergraduate capstone . Mason, OH: Cengage Learning.

Supplemental Resources

Allen, C. (2010). Comparing the ethics codes: AICPA and IFAC. Journal of Accountancy, 210(4), 24-32.

Nichols, N., VanDenburgh, W., & Betancount, L. (2011). Ponzi-scheme losses: Indirect investor and state

tax issues. Journal of Accountancy, 211(2), 46-53.

Singleton, T., & Ursillo, S. (2010). Guard against cybertheft. Journal of Accountancy, 210(4), 42-49.

COURSE LEARNING OUTCOMES

1. Analyze accounting situations to apply the proper accounting rules and make recommendationsto ensure compliance with generally accepted accounting principles.

2. Analyze business situations to determine the appropriateness of decision making in terms ofprofessional standards and ethics.

3. Analyze business situations to evaluate organization culture and internal controls to ensure thatfinancial statements are presented fairly, not deceptively or fraudulently.

4. Analyze business situations and apply advanced federal taxation concepts.5. Use technology and information resources to research issues in accounting.

6. Write clearly and concisely about accounting using proper writing mechanics.

WEEKLY COURSE SCHEDULE

The standard requirement for a 4.5 credit hour course is for students to spend 13.5 hours in weekly work.This includes preparation, activities, and evaluation regardless of delivery mode.

Week Preparation, Activities, and Evaluation Points

1 Preparation

Reading(s): Chapter 1

Case Study: Accounting Irregularities at Xerox

Activities

Discussions

Evaluation

None

20







2 Preparation


Case Study: Cisco Systems

e-Activity: View the Bloomberg Business Article titled “Executive compensationand Public Outage” athttp://www.businessweek.com/managing/content/feb2010/ . Be prepared todiscuss

Activities

Discussions

Evaluation

None

20

3 Preparation


Case Study: Arby’s Acquires Wendy’s

e-Activity: Review the information at

http://www.ey.com/Publication/vwLUAssets/IFRS_v_GAAP_basics_Jan09. Beprepared to discuss.

Activities

Discussions

Evaluation

Assignment 1: The Coca-Cola Company Financial Results Analysis

20

240

4 Preparation


Case Study: Apple Inc. and Retrospective Adoption of Revenue RecognitionRules

Activities

Discussions

Evaluation

Assignment 2: Accounting Changes

20

240

5 Preparation


Case Study: The Boeing Company Retirees Benefits, 2008

e-Activity: Review the Guaranteed Benefit information athttp://www.pbgc.gov/wr/benefits/guaranteed-benefits.html. Be prepared todiscuss.

Activities

DiscussionsEvaluation

None

20

6 Preparation


Case Study: Beazer Homes U.S.A.

e-Activity: View the 2009 Financial Crimes Report compiled by the Federal

http://www.businessweek.com/managing/content/feb2010/


http://www.ey.com/Publication/vwLUAssets/IFRS_v_GAAP_basics_Jan09/$file/IFRS_v_GAAP_basics_Jan09.pdf


http://www.pbgc.gov/wr/benefits/guaranteed-benefits.html











Bureau of Investigation at http://www.fbi.gov/stats-services/publications/ . Beprepared to discuss.

Activities

Discussions

Evaluation

Assignment 3: Fraud

20

280

7 Preparation

Reading(s): Chapters 7 and 8

Case Study: Intel Corporation and Inventory Write Downs

e-Activity: Read the difference between IFRS and GAAP related to inventory athttp://www.ey.com/Publication/vwLUAssets/IFRS_v_GAAP_basics. Beprepared to discuss.

Activities

Discussions

Evaluation

None

20

8 Preparation


Case Study: General Growth Properties

e- Activity: Read Ethical Dilemma 5 titled “Would You Lie” at the Daily Mindfound at http://www.thedailymind.com. Be prepared to discuss.

Activities

Discussions

Evaluation

Assignment 4: Code of Professional Ethics and Conduct

20

280

9 Preparation Reading(s): Chapter 10

Case Study: Dell, Inc. and Financial Restatements

e- Activity: Read about trends in IT Security titled “Survey Provides Insight IntoFuture IT Security Trends” at http://www.theiia.org/ITAuditArchive/index. Beprepared to discuss.

Activities

Discussions

Evaluation

None

20

10 Preparation


Case Study: Bethlehem Steel Corporation’s Deferred Taxes

e-Activity: Read the differences in approaches related to taxes athttp://www.ey.com/Publication/vwLUAssets/ . Be prepared to discuss.

Activities

Discussions

Evaluation

20

http://www.fbi.gov/stats-services/publications/financial-crimes-report-2009





http://www.thedailymind.com/deeper-thinking/ethical-dilemma-5-would-you-lie/



http://www.theiia.org/ITAuditArchive/index.cfm?iid=575&catid=28&aid=2898



http://www.ey.com/Publication/vwLUAssets/US_GAAPvIFRS_life_sci_June09/$FILE/US_GAAPvsIFRS-lifesciences0609.pdf













Assignment 5: Capstone Research Project 360

11 Preparation

None

Activities

DiscussionsEvaluation

None

20

GRADING SCALE – UNDERGRADUATE

Assignment Total Points% of

Grade

Assignment 1: The Coca-Cola Company Financial Results Analysis 240 15%

Assignment 2: Accounting Changes 240 15%

Assignment 3: Fraud 280 17%Assignment 4: Code of Professional Ethics and Conduct 280 17%

Assignment 5: Capstone Research Project 360 22%

Participation (22 discussions, 10 points apiece) 220 14%

Totals 1,620 100%

Points Percentage Grade

1,458 – 1,620 90% – 100% A

1,296 – 1,457 80% – 89% B

1,134 – 1,295 70% – 79% C

972 – 1,133 60% – 69% D

Below 972 Below 60% F



ACC 499 – Assignments and Rubrics




Assignment 1: The Coca-Cola Company Financial Results Analysis

Due Week 3 and worth 240 points

Listen to the most recent Investor Audio Webcast Earnings Conference Call for The Coca-Cola Companyat http://ir.thecoca-colacompany.com/phoenix.zhtml?c=94566&p=irol-

eventspresentations&EventId=3597720.State the date of the earnings call that you will be evaluating.

Write a 3-4 page paper that addresses:

1. Discuss the North American market for The Coca-Cola Company and the impact to volumegrowth or declines for the period.

2. Discuss the drivers of profitability during the quarter at The Coca-Cola Company and the likelylong-term impact of these drives on profits.

3. Discuss the Earnings per Share results for the quarter in comparison to historic results and long-term growth targets.

4. Discuss the emerging markets for The Coca-Cola Company and the likely future impact onearnings per share.

5. Use at least four (4) quality resources in this assignment.

Your assignment must follow these formatting requirements:

Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on allsides; citations and references must follow APA or school-specific format. Check with yourprofessor for any additional instructions.

Include a cover page containing the tile of the assignment, the student’s name, the professor’sname, the course title, and the date. The cover page and the reference page are not included inthe required assignment page length.

The specific course learning outcomes associated with this assignment are:

Analyze accounting situations to apply the proper accounting rules and make recommendationsto ensure compliance with generally accepted accounting principles.

Use technology and information resources to research issues in accounting.

Write clearly and concisely about accounting using proper writing mechanics.

Grading for this assignment will be based on answer quality, logic/organization of the paper, andlanguage and writing skills, using the following rubric.

Points: 240 Assignment 1: The Coca-Cola Company Financial Results Analysis

Criteria Unacceptable

Below 60% F

Meets

Minimum

Expectations

60-69% D

Fair

70-79% C

Proficient

80-89% B

Exemplary

90-100% A

1. Discuss the NorthAmerican market forThe Coca-ColaCompany and theimpact to volumegrowth or declines for

Did not submit orincompletelydiscussed theNorth Americanmarket for TheCoca-ColaCompany. Did not

Insufficientlydiscussed theNorth Americanmarket for TheCoca-ColaCompany.Insufficiently

Partiallydiscussed theNorth Americanmarket for TheCoca-ColaCompany.Partially

Satisfactorilydiscussed theNorthAmericanmarket for TheCoca-ColaCompany.

Thoroughlydiscussed theNorth Americanmarket for TheCoca-ColaCompany.Thoroughly

http://ir.thecoca-colacompany.com/phoenix.zhtml?c=94566&p=irol-eventspresentations&EventId=3597720












the period.

Weight: 15%

submit orincompletelydiscussed theimpact to volumegrowth ordeclines for theperiod.

discussed theimpact tovolume growthor declines forthe period.


Satisfactorilydiscussed theimpact tovolume growthor declines forthe period.


2. Discuss the driversof profitability duringthe quarter at TheCoca-Cola Companyand the likely long-termimpact of these driveson profits.

Weight: 25%

Did not submit orincompletelydiscussed thedrivers ofprofitability duringthe quarter at TheCoca-ColaCompany. Didnot submit orincompletelydiscussed thelikely long-termimpact of thesedrives on profits.

Insufficientlydiscussed thedrivers ofprofitabilityduring thequarter at TheCoca-ColaCompany.Insufficientlydiscussed thelikely long-termimpact of thesedrives onprofits.

Partiallydiscussed thedrivers ofprofitabilityduring thequarter at TheCoca-ColaCompany.Partiallydiscussed thelikely long-termimpact of thesedrives on profits.

Satisfactorilydiscussed thedrivers ofprofitabilityduring thequarter at TheCoca-ColaCompany.Satisfactorilydiscussed thelikely long-termimpact of thesedrives onprofits.

Thoroughlydiscussed thedrivers ofprofitabilityduring thequarter at TheCoca-ColaCompany.Thoroughlydiscussed thelikely long-termimpact of thesedrives onprofits.

3. Discuss theEarnings per Shareresults for the quarterin comparison tohistoric results andlong-term growthtargets.

Weight: 20%

Did not submit orincompletelydiscussed theEarnings perShare results forthe quarter incomparison tohistoric resultsand long-termgrowth targets.

Insufficientlydiscussed theEarnings perShare resultsfor the quarterin comparisonto historicresults andlong-termgrowth targets.

Partiallydiscussed theEarnings perShare results forthe quarter incomparison tohistoric resultsand long-termgrowth targets.

Satisfactorilydiscussed theEarnings perShare resultsfor the quarterin comparisonto historicresults andlong-termgrowth targets.

Thoroughlydiscussed theEarnings perShare resultsfor the quarterin comparisonto historicresults andlong-termgrowth targets.

4. Discuss theemerging markets forThe Coca-ColaCompany and the likely

future impact onearnings per share.

Weight: 25%

Did not submit orincompletelydiscussed theemerging marketsfor The Coca-

Cola Company.Did not submit orincompletelydiscussed thelikely futureimpact onearnings pershare.

Insufficientlydiscussed theemergingmarkets for TheCoca-Cola

Company.Insufficientlydiscussed thelikely futureimpact onearnings pershare.

Partiallydiscussed theemergingmarkets for TheCoca-Cola

Company.Partiallydiscussed thelikely futureimpact onearnings pershare.

Satisfactorilydiscussed theemergingmarkets forThe Coca-Cola

Company.Satisfactorilydiscussed thelikely futureimpact onearnings pershare.

Thoroughlydiscussed theemergingmarkets forThe Coca-Cola

Company.Thoroughlydiscussed thelikely futureimpact onearnings pershare.

5. 4 ReferencesWeight: 5%

No referencesprovided

Does not meetthe requirednumber ofreferences; allreferencespoor quality

choices.

Does not meetthe requirednumber ofreferences;somereferences poor

quality choices.

Meets numberof requiredreferences; allreferenceshigh qualitychoices.

Exceedsnumber ofrequiredreferences; allreferenceshigh quality

choices.6. Clarity, writingmechanics, andformattingrequirements.Weight: 10%

More than 8errors present

7-8 errorspresent

5-6 errorspresent

3-4 errorspresent

0-2 errorspresent







Assignment 2: Accounting Changes


Search the Internet for a publically traded company that recently restated its financial statements. Statethe Company that you are evaluating and the most recent period for SEC filings.

Write a 3-4 page paper in which you:

1. Discuss the primary reason for the restatement and the impact to the financial results for thecompany you selected.

2. Discuss “management” responsibility to the investors and stakeholders for the financialrestatement.

3. Discuss what changes you would expect the company leadership to make related to internalcontrols, accounting principles, or other initiatives as a result of the need to restate the financialstatements.

4. Discuss the impact to the “trustworthiness” of the company’s leadership team based on the needto restate the financial statements.



Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on allsides; references must follow APA or school-specific format. Check with your professor for anyadditional instructions.

Include a cover page containing the tile of the assignment, the student’s name, the professor’sname, the course title, and the date. The cover page and the reference page are not included inthe required page length.






Points: 240 Assignment 2: Accounting Changes

Criteria Unacceptable Below 60% F

Meets

Minimum

Expectations 60-69% D

Fair 70-79% C

Proficient 80-89% B

Exemplary 90-100% A

1. Discuss theprimary reason forthe restatement andthe impact to thefinancial results forthe company youselected.

Did not submit or

incompletely

discussed the

primary reason

for the

restatement and

Insufficiently

discussed the

primary reason

for the

restatement and

the impact to the

Partially

discussed the

primary reason

for the

restatement and

the impact to the

Satisfactorily

discussed the

primary reason

for the

restatement and

the impact to the

Thoroughly

discussed the

primary reason

for the

restatement and

the impact to the







Weight: 15% the impact to the

financial results

for the company

you selected.

financial results

for the company

you selected.

financial results

for the company

you selected.

financial results

for the company

you selected.

financial results

for the company

you selected.

2. Discuss

“management”responsibility to theinvestors andstakeholders for thefinancial restatement.

Weight: 20%

Did not submit or

incompletelydiscussed

“management”

responsibility to

the investors and

stakeholders for

the financial

restatement.

Insufficiently

discussed“management”

responsibility to

the investors

and

stakeholders for

the financial

restatement.

Partially


responsibility to

the investors

and

stakeholders for

the financial

restatement.

Satisfactorily


responsibility to

the investors

and

stakeholders for

the financial

restatement.

Thoroughly


responsibility to

the investors

and

stakeholders for

the financial

restatement.

3. Discuss whatchanges you wouldexpect the companyleadership to makerelated to internal

controls, accountingprinciples, or otherinitiatives as a resultof the need to restatethe financialstatements.

Weight: 25%

Did not submit orincompletelydiscussed whatchanges youwould expect the

companyleadership tomake related tointernal controls,accountingprinciples, orother initiativesas a result of theneed to restatethe financialstatements.

Insufficientlydiscussed whatchanges youwould expectthe company

leadership tomake related tointernalcontrols,accountingprinciples, orother initiativesas a result ofthe need torestate thefinancialstatements.

Partiallydiscussed whatchanges youwould expectthe company


Satisfactorilydiscussed whatchanges youwould expectthe company


Thoroughlydiscussed whatchanges youwould expectthe company


4. Discuss the impactto the

“trustworthiness” of the company’sleadership teambased on the need torestate the financialstatements.

Weight: 25%

Did not submit or

incompletely

discussed theimpact to the

“trustworthiness”

of the company’s

leadership team

based on the

need to restate

the financial

statements.

Insufficiently

discussed the

impact to the“trustworthiness”

of the

company’s

leadership team

based on the

need to restate

the financial

statements.

Partially

discussed the


of the

company’s

leadership team

based on the

need to restate

the financial

statements.

Satisfactorily

discussed the


of the

company’s

leadership team

based on the

need to restate

the financial

statements.

Thoroughly

discussed the


of the

company’s

leadership team

based on the

need to restate

the financial

statements.



Does not meetthe requirednumber ofreferences; all

references poorquality choices.

Does not meetthe requirednumber ofreferences;

somereferences poorquality choices.

Meets numberof requiredreferences; allreferences high

quality choices.

Exceedsnumber ofrequiredreferences; all

references highquality choices.

6. Clarity, writingmechanics, andformattingrequirements.Weight: 10%


7-8 errorspresent

5-6 errorspresent

3-4 errorspresent

0-2 errorspresent







Assignment 3: Fraud


Search the Internet for a recent story or case related to fraud being committed within a company.Examples may be stolen company data, personal information, proprietary secrets, etc. State the article

and source that you will be evaluating for the assignment.


1. Discuss the nature of the fraud and the impact to the company as a result of the fraudulentactivity.

2. Discuss “management’s” responsibility to the company stakeholders to protect and secure thecompany from fraudulent activity.

3. Discuss the corporate environment and culture that may have contributed to the fraud.

4. Discuss the impact to the company or brand as a result of the fraudulent activity.

5. Discuss the measures that could have prevented and/or detected this fraud.






Analyze business situations to evaluate organization culture and internal controls to ensure that

financial statements are presented fairly, not deceptively or fraudulently. Use technology and information resources to research issues in accounting.



Points: 280 Assignment 3: Fraud


Below 60% F

Meets

Minimum

Expectations

60-69% D

Fair

70-79% C

Proficient

80-89% B

Exemplary

90-100% A

1. Discuss the natureof the fraud and theimpact to thecompany as a resultof the fraudulentactivity.

Weight: 5%

Did not submit orincompletelydiscussed thenature of thefraud and theimpact to thecompany as aresult of the

Insufficiently

discussed the

nature of the

fraud and the

impact to the

company as a

result of the

Partially

discussed the

nature of the

fraud and the

impact to the

company as a

result of the

Satisfactorily

discussed the

nature of the

fraud and the

impact to the

company as a

result of the

Thoroughly

discussed the

nature of the

fraud and the

impact to the

company as a

result of the







fraudulentactivity.

fraudulent

activity.

fraudulent

activity.

fraudulent

activity.

fraudulent

activity.

2. Discuss“management’s”responsibility to thecompanystakeholders toprotect and secure thecompany fromfraudulent activity.

Weight: 20%

Did not submit or

incompletely

discussed

“management’s”responsibility to

the company

stakeholders to

protect and

secure the

company from

fraudulent

activity.

Insufficiently

discussed

“management’s”

responsibility tothe company

stakeholders to

protect and

secure the

company from

fraudulent

activity.

Partially

discussed



stakeholders to

protect and

secure the

company from

fraudulent

activity.

Satisfactorily

discussed



stakeholders to

protect and

secure the

company from

fraudulent

activity.

Thoroughly

discussed



stakeholders to

protect and

secure the

company from

fraudulent

activity.

3. Discuss thecorporateenvironment andculture that may have

contributed to thefraud.

Weight: 20%

Did not submit or

incompletely

discussed the

corporate

environment andculture that may

have contributed

to the fraud.

Insufficiently

discussed the

corporate

environment

and culture thatmay have

contributed to

the fraud.

Partially

discussed the

corporate

environment and

culture that mayhave contributed

to the fraud.

Satisfactorily

discussed the

corporate

environment


contributed to

the fraud.

Thoroughly

discussed the

corporate

environment


contributed to

the fraud.

4. Discuss the impactto the company orbrand as a result ofthe fraudulent activity.

Weight: 20%

Did not submit or

incompletely

discussed the

impact to the

company or

brand as a result

of the fraudulent

activity.

Insufficiently

discussed the

impact to the

company or

brand as a

result of the

fraudulent

activity.

Partially

discussed the

impact to the

company or

brand as a result

of the fraudulent

activity.

Satisfactorily

discussed the

impact to the

company or

brand as a

result of the

fraudulent

activity.

Thoroughly

discussed the

impact to the

company or

brand as a

result of the

fraudulent

activity.

5. Discuss themeasures that couldhave preventedand/or detected thisfraud.

Weight: 20%

Did not submit orincompletely

discussed the

measures that

could have

prevented and/or

detected this

fraud.

Insufficientlydiscussed the

measures that

could have

prevented

and/or detected

this fraud.

Partiallydiscussed the

measures that

could have

prevented

and/or detected

this fraud.

Satisfactorilydiscussed the

measures that

could have

prevented

and/or detected

this fraud.

Thoroughlydiscussed the

measures that

could have

prevented

and/or detected

this fraud.



Does not meetthe requirednumber ofreferences; allreferences

poor qualitychoices.

Does not meetthe requirednumber ofreferences;some

references poorquality choices.

Meets numberof requiredreferences; allreferences highquality choices.

Exceedsnumber ofrequiredreferences; allreferences high

quality choices.



7-8 errorspresent

5-6 errorspresent

3-4 errorspresent

0-2 errorspresent







Assignment 4: Code of Professional Ethics and Conduct


Search the American Institute of Certified Public Accountants web site for CPA ethical violations anddisciplinary cases at http://www.aicpa.org/ForThePublic/DisciplinaryActions/Pages/default.aspx.


1. Identify separate cases where a CPA has violated Rule 102 – Integrity and Objectivity, Rule 201 – Professional Competence, Rule 202 – Compliance with Standards, and Rule 501 – ActsDiscreditable.

2. For each case, discuss the following:

a. The expectation of the code and how the CPA violated it.

b. The disciplinary action taken.

c. Discuss whether you agree or disagree with the disciplinary action taken and state yourrationale.

d. Determine how the AICPA can prevent this type of breach in the code of conduct in the

future.3. Use at least four (4) quality resources in this assignment.




The specific course learning outcomes associated with this assignment are: Analyze business situations to determine the appropriateness of decision making in terms of

professional standards and ethics.




Points: 280 Assignment 4: Code of Professional Ethics and Conduct

Criteria

Unacceptable

Below 60% F

Meets

Minimum

Expectations

60-69% D

Fair

70-79% C

Proficient

80-89% B

Exemplary

90-100% A

1. Identify separatecases where a CPAhas violated Rule 102

– Integrity andObjectivity, Rule 201 – ProfessionalCompetence, Rule 202

Did not submit or

incompletely

identified

separate cases

where a CPA has

violated Rule 102

Insufficiently

identified

separate cases

where a CPA

has violated

Rule 102 –

Partially

identified

separate cases

where a CPA

has violated

Rule 102 –

Satisfactorily

identified

separate cases

where a CPA

has violated

Rule 102 –

Thoroughly

identified

separate cases

where a CPA

has violated

Rule 102 –

http://www.aicpa.org/ForThePublic/DisciplinaryActions/Pages/default.aspx










– Compliance withStandards, and Rule501 – ActsDiscreditable.

Weight: 25%

– Integrity and

Objectivity, Rule

201 –

Professional

Competence,

Rule 202 –

Compliance with

Standards, and

Rule 501 – Acts

Discreditable.

Integrity and

Objectivity,

Rule 201 –

Professional

Competence,

Rule 202 –

Compliance

with Standards,

and Rule 501 –

Acts

Discreditable.

Integrity and

Objectivity, Rule

201 –

Professional

Competence,

Rule 202 –

Compliance with

Standards, and

Rule 501 – Acts

Discreditable.

Integrity and

Objectivity,

Rule 201 –

Professional

Competence,

Rule 202 –

Compliance

with Standards,

and Rule 501 –

Acts

Discreditable.

Integrity and

Objectivity,

Rule 201 –

Professional

Competence,

Rule 202 –

Compliance

with Standards,

and Rule 501 –

Acts

Discreditable.

2. For each case,discuss the expectationof the code and howthe CPA violated it.

Weight: 15%

Did not submit orincompletelydiscussed theexpectation of thecode and how theCPA violated it.

Insufficiently

discussed the

the expectation

of the code and

how the CPA

violated it.

Partially

discussed the

the expectation

of the code and

how the CPA

violated it.

Satisfactorily

discussed the

the expectation

of the code and

how the CPA

violated it.

Thoroughly

discussed the

the expectation

of the code and

how the CPA

violated it.

3. For each case,discuss the disciplinaryaction taken.Weight: 15%


discussed the

disciplinary action

taken.

Insufficientlydiscussed the

disciplinary

action taken.

Partiallydiscussed the

disciplinary

action taken.

Satisfactorilydiscussed the

disciplinary

action taken.

Thoroughlydiscussed the

disciplinary

action taken.

4. For each case,discuss whether youagree or disagree withthe disciplinary actiontaken and state yourrationale.Weight: 15%

Did not submit orincompletelydiscussedwhether youagreed ordisagreed withthe disciplinaryaction taken. Didnot submit or

incompletelystated yourrationale.

Insufficientlydiscussedwhether youagreed ordisagreed withthe disciplinaryaction taken.Insufficentlystated your

rationale.

Partiallydiscussedwhether youagreed ordisagreed withthe disciplinaryaction taken.Partially statedyour rationale.

Satisfactorily

discussed

whether you

agreed or

disagreed with

the disciplinary

action taken.

Satisfactorily

stated your

rationale.

Thoroughly

discussed

whether you

agreed or

disagreed with

the disciplinary

action taken.

Thoroughly

stated your

rationale.

5. For each case,determine how theAICPA can prevent thistype of breach in thecode of conduct in thefuture.

Weight: 15%

Did not submit or

incompletely

determined how

the AICPA can

prevent this type

of breach in the

code of conduct

in the future.

Insufficiently

determined how

the AICPA can

prevent this

type of breach

in the code of

conduct in the

future.

Partially

determined how

the AICPA can

prevent this type

of breach in the

code of conduct

in the future.

Satisfactorily

determined

how the AICPA

can prevent

this type of

breach in the

code of

conduct in the

future.

Thoroughly

determined

how the AICPA

can prevent

this type of

breach in the

code of

conduct in the

future.

6. 4 References

Weight: 5%

No references

provided

Does not meet

the requirednumber ofreferences; allreferencespoor qualitychoices.

Does not meet

the requirednumber ofreferences;somereferences poorquality choices.

Meets number

of requiredreferences; allreferenceshigh qualitychoices.

Exceeds

number ofrequiredreferences; allreferenceshigh qualitychoices.

7. Clarity, writingmechanics, andformattingrequirements.


7-8 errorspresent

5-6 errorspresent

3-4 errorspresent

0-2 errorspresent







Weight: 10%







Assignment 5: Capstone Research Project


Imagine you are one of several accountants on a team of independent auditors hired by a new CFO toevaluate the corporation’s accounting practices and interpretations. Upon your preliminary findings, you

suspect possible fraud.

The following red flags you see involve the following:

Leases on technology assets seem inflated

Understatement of e-Commerce state tax payments

Fictitious employees receiving post-employment benefits

Hiding cash in order to help in future quarters where earnings do not meet analyst’s expectations

Concealing inventory shrinkage because it seems low for the industry

Write an 8-10 page paper in which you:

1. Research the appropriate GAAP rules that will assist you in determining if fraud is taking place in

each of the five (5) scenarios mentioned above.

2. In your opinion, as a body of rules and regulations, discuss whether or not these rules aresufficient to minimize fraudulent activities in organizations.

3. Explain the consequences of the fraudulent activities to the organization.

4. Recommend how each red flag can be corrected. Describe who and what is involved.

5. Recommend internal controls to prevent these red flags from reoccurring in the future. Describewho and what is involved.

6. Incorporate at least five (5) reputable sources to support your paper.


Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all

sides; references must follow APA or school-specific format. Check with your professor for anyadditional instructions.




Analyze business situations to determine the appropriateness of decision making in terms ofprofessional standards and ethics.

Analyze business situations to evaluate organization culture and internal controls to ensure thatfinancial statements are presented fairly, not deceptively or fraudulently.

Analyze business situations and apply advanced federal taxation concepts.










Points: 360 Assignment 5: Capstone Research Project


Below 60% F

Meets

Minimum

Expectations

60-69% D

Fair

70-79% C

Proficient

80-89% B

Exemplary

90-100% A

1. Research theappropriate GAAPrules that will assistyou in determining iffraud is taking place ineach of the five (5)scenarios mentionedabove.

Weight: 15%

Did not submit or

incompletely

researched the

appropriate

GAAP rules that

will assist you in

determining if

fraud is taking

place in each of

the five (5)

scenarios

mentioned above.

Insufficiently

researched the

appropriate

GAAP rules that

will assist you in

determining if

fraud is taking

place in each of

the five (5)

scenarios

mentioned

above.

Partially

researched the

appropriate

GAAP rules that

will assist you in

determining if

fraud is taking

place in each of

the five (5)

scenarios

mentioned

above.

Satisfactorily

researched the

appropriate

GAAP rules

that will assist

you in

determining if

fraud is taking

place in each

of the five (5)

scenarios

mentionedabove.

Thoroughly

researched the

appropriate

GAAP rules

that will assist

you in

determining if

fraud is taking

place in each

of the five (5)

scenarios

mentionedabove.

2. In your opinion, as abody of rules andregulations, discusswhether or not theserules are sufficient tominimize fraudulentactivities inorganizations.

Weight: 15%

Did not submit or

incompletely

discussed

whether or not

these rules are

sufficient to

minimize

fraudulent

activities in

organizations.

Insufficiently

discussed

whether or not

these rules are

sufficient to

minimize

fraudulent

activities in

organizations.

Partially

discussed

whether or not

these rules are

sufficient to

minimize

fraudulent

activities in

organizations.

Satisfactorily

discussed

whether or not

these rules are

sufficient to

minimize

fraudulent

activities in

organizations.

Thoroughly

discussed

whether or not

these rules are

sufficient to

minimize

fraudulent

activities in

organizations.

3. Explain theconsequences of thefraudulent activities tothe organization.Weight: 15%


explained the

consequences of

the fraudulent

activities to the

organization.

Insufficientlyexplained the

consequences

of the

fraudulent

activities to the

organization.

Partiallyexplained the

consequences

of the fraudulent

activities to the

organization.

Satisfactorilyexplained the

consequences

of the

fraudulent

activities to the

organization.

Thoroughlyexplained the

consequences

of the

fraudulent

activities to the

organization.

4. Recommend howeach red flag can becorrected. Describewho and what isinvolved.Weight: 20%

Did not submit or

incompletely

recommended

how each red flag

can be corrected.

Did not submit or

incompletelydescribed who

and what is

involved.

Insufficiently

recommended

how each red

flag can be

corrected.

Insufficiently

described whoand what is

involved.

Partially

recommended

how each red

flag can be

corrected.

Partially


involved.

Satisfactorily

recommended

how each red

flag can be

corrected.

Satisfactorily


involved.

Thoroughly

recommended

how each red

flag can be

corrected.

Thoroughly


involved.

5. Recommend internalcontrols to preventthese red flags fromreoccurring in thefuture. Describe who

Did not submit or

incompletely

recommended

internal controls

Insufficiently

recommended

internal controls

to prevent these

Partially

recommended

internal controls

to prevent these

Satisfactorily

recommended

internal

controls to

Thoroughly

recommended

internal

controls to







and what is involved.

Weight: 20%

to prevent these

red flags from

reoccurring in the

future. Did not

submit or

incompletely

described who

and what is

involved.

red flags from

reoccurring in

the future.

Insufficiently

described who

and what is

involved.

red flags from

reoccurring in

the future.

Partially

described who

and what is

involved.

prevent these

red flags from

reoccurring in

the future.

Satisfactorily

described who

and what is

involved.

prevent these

red flags from

reoccurring in

the future.

Thoroughly

described who

and what is

involved.



Does not meetthe requirednumber ofreferences; allreferencespoor qualitychoices.

Does not meetthe requirednumber ofreferences;somereferences poorquality choices.

Meets numberof requiredreferences; allreferenceshigh qualitychoices.

Exceedsnumber ofrequiredreferences; allreferenceshigh qualitychoices.



7-8 errorspresent

5-6 errorspresent

3-4 errorspresent

0-2 errorspresent



ACC 499 – Student Notes




Weekly Course Schedule

The purpose of the course schedule is to give you, at a glance, the required preparation, activities, andevaluation components of your course. For more information about your course, whether on-ground oronline, access your online course shell.

The expectations for a 4.5 credit hour course are for students to spend 13.5 hours in weekly work. Thistime estimate includes preparation, activities, and evaluation regardless of the delivery mode.

Instructional Materials

In order to be fully prepared, obtain a copy of the required textbooks and other instructional materialsprior to the first day of class. When available, Strayer University provides a link to the first three (3)chapters of your textbook(s) in eBook format. Check your online course shell for availability.

Review the online course shell or check with your professor to determine whether Internet-basedassignments and activities are used in this course.

Instructional materials are obtained through the university’s virtual bookstore and can be accessedthrough iCampus: http:bookstore.mbsdirect.net/strayer.htm. Courses with Internet-based assignments

and activities on publisher sites may require the purchase of onetime access codes. When purchasingused textbooks, a separate access code purchase will be necessary.

Discussions

Students taking this course online are required to post their discussions to a weekly thread in the onlinecourse shell. Respond to at least two (2) other students’ posts to earn full credit for each discussion. As itis always possible that you could lose your work due to unforeseen circumstances, you should routinelysave your work in a separate file before posting in the course discussion area.

Professors hold discussions during class time for on-ground students. Check with your professor if anyadditional discussion participation is required in the online course shell outside of class hours.

AssignmentsA standardized performance grading rubric is a tool your professor will use to evaluate your writtenassignments. Review the rubric before submitting assignments that have grading rubrics associated withthem to ensure you have met the performance criteria stated on the rubric.

Grades are based on individual effort. There is no group grading; however, working in groups in theonline or on-ground classroom is acceptable.

Assignments for online students are always submitted through the online course shell. On-groundprofessors will inform students on how to submit assignments, whether in paper format or through theonline course shell.

Resources

The Resource Center navigation button in the online course shell contains helpful links. Strayer UniversityLibrary Resources are available here as well as other important information. You should review this areato find resources and answers to common questions.

Technical support is available for the following:

For technical questions, please contact Strayer Online Technical Support by logging in to your

iCampus account at https://icampus.strayer.edu/login and submitting a case under “Student

http://bookstore.mbsdirect.net/strayer.htm



https://icampus.strayer.edu/login







ACC 499 – Student Notes



ACC 499 Student Version 1122 (1002 11 18 2011) Final of 18

Center,” then “Submit Help Ticket.” If you are unable to log in to your iCampus account, please

contact Technical Support via phone at (877) 642-2999.

For concerns with your class, please access the Solution Center by logging in to your iCampus

account at https://icampus.strayer.edu/login and submitting a case under “Student Center,” then

“Submit Help Ticket.” If you are unable to log in to your iCampus account, please contact the

Office of Student Affairs via email at mailto:[email protected].

TurnItIn.com is an optional online tool to assess the originality of student written work. Check with yourprofessor for access and use instructions.

The Strayer Policies link on the navigation bar in the online course shell contains academic policies. It isimportant that students be aware of these policies.




mailto:[email protected].





ACC499 Syllabus

Documents

Transcript of ACC499 Syllabus