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 dkarnes@business.siu.edu

oACCOUNTING

We are among a select group that includes the

top 5% percent of all accounting programs!

That's because we have the rare distinction of

earning accreditation from the Association to

Advance Collegiate Schools of Business

International for both the college and the

accounting program.

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

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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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