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AC 435 Ethics for Accountants
Lampton, Jolene A.


Mission Statement: Park University provides access to a quality higher education experience that prepares a diverse community of learners to think critically, communicate effectively, demonstrate a global perspective and engage in lifelong learning and service to others.

Vision Statement: Park University, a pioneering institution of higher learning since 1875, will provide leadership in quality, innovative education for a diversity of learners who will excel in their professional and personal service to the global community.

Course

AC 435 Ethics for Accountants

Semester

S1T 2013 DL

Faculty

Lampton, Jolene A.

Title

Assistant Professor of Management Accounting

Degrees/Certificates

Ph.D. in Higher Education
MBA in Business Administration and BSE in Business Education
CPA (licensed in Texas and Missouri)

Office Location

Austin campus

Office Hours

Monday/Wednesday 3 - 5 p.m.

Daytime Phone

512-385-7275 (Ex. 5711) Office

Other Phone

512-338-8155 (Home)

E-Mail

jolene.lampton@park.edu

jlampton@att.net

Semester Dates

January 14, 2013 - March 9, 2013

Class Days

TBA

Class Time

TBA

Prerequisites

None

Credit Hours

3


Textbook:

Ethical Obligations and Decision Making in Accounting
By Steven M. Mintz and Roselyn E. Morris
McGraw-Hill Irwin, 2nd edition, 2011
ISBN #978-0-07-802528-0

Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

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Course Description:
AC435 Ethics for Accountants: This course will serve as a guide to professional ethics in the accounting and business environments. Course covers: fundamental ethical issues of business and society, roles and responsibilites of the accounting and auditing profession, ethical behavior by management, and legal and professional guidelines that address the ethical concerns of society. Emphasis is on the AICPA Code of Professional Conduct and other professional standards.3:0:3

Educational Philosophy:
Instructor expects that students will read the chapters in the textbook, view the powerpoint presentations, read the articles, view videos, participate in discussion threads, complete group projects/case studies with appropriate involvement, study and complete quizzes, and the comprehensive examination.  Students should critically analyze the cases applying ethical theory as they resolve ethical dilemmas posed in the case studies.

Learning Outcomes:
  Core Learning Outcomes

  1. Analyze legal, social, and economic developments that define the ethical expectations for business and the accounting profession.
  2. Evaluate ethical relationships between professional accountants and major stakeholders to the financial reporting process.
  3. Evaluate ethical decision making in business and develop steps to incorporate ethics into the corporate governance system.
  4. Analyze and evaluate the effectiveness of professional codes of ethics embraced by the accounting and auditing professions.
  5. Identify factors that have impacted the ethical behavior of accounting professionals.
  6. Analyze case studies to investigate the issues related to accounting ethics, including earnings management, fraud, internal control, corporate governance and the development of an ethical framework for use in setting appropriate standards of conduct for stakeholders in the accounting process.


Core Assessment:
Core Assessment Instrument:   Final Exam - This assessment is designed to assess Core Learning Outcomes #1 - #6 and will make up 30% of the course grade.

Link to Class Rubric

Class Assessment:
Discussion Thread participation, Case Studies - analysis, discussion, and group participation, quizzes, and comprehensive examination (closed book).

Grading:
 

Grading based as follows:

Case Studies                                                   300 points

Discussion of ethical cases                            240 points

Quizzes (after each chapter)                          140 points

Comprehensive Final Exam                           300 points

Group Module Quiz                                        20 points

                         Total Points                          1,000 points

 90% A

80% B

70% C

60% D

The course grade for students will be based on the overall average of homework and tests taken during the course in accordance with the weighting of the various requirements as stated in the syllabus.

All final exams in all School of Business courses will be comprehensive and will be closed book and closed notes. They will constitute 30% of the total course grade and will not be a take-home exam. They will be completed during the test week in the period designated by the registrar or by the Proctor in the case online courses. If calculators are allowed, they will not be multifunctional electronic devices that include features such as: phones, cameras, instant messaging, pagers, and so forth. Electronic Computers will not be allowed on final exams unless an exception is made by the Dean of the School of Business.

Late Submission of Course Materials:
Only upon permission of instructor.

Classroom Rules of Conduct:
Professional demeanor expected.

Course Topic/Dates/Assignments:
 

#1       Week 1

            Chapter 1 Ethical Reasoning: Implications for Accounting

  1.  Read Chapter 1
  2. View Powerpoint
  3. Read Readings on “How to Approach Ethics in this Class”
  4. Complete Discussion Thread interactions on Case 1-2 by Tuesday midnight – 20 points
  5. Complete Critique of Discussion Thread interactions on Case 1-2 by Thursday midnight – 20 points
  6. Submit one-page paper on Best Discussion Thread and Lessons Learned to drop box by Sunday midnight – 20 points
  7. Complete Quiz by Sunday midnight – 20 points
  8. Read the entire Group Module prior to beginning this course.
  9. Complete the Group Module Quiz by Sunday midnight of Week 1 – 20 points

 

#2        Week 2

            Chapter 2 Accountants’ Ethical Decision Process and Professional Judgment

 

  1. View Case 1-2 Answer.
  2. Read Chapter 2.
  3. View PPT.
  4. Read “Do as We Say and As We Do”

5.     Complete Case Study 2-9

Part 1 Interactions due by Wednesday midnight – 30 points

Part 2 Group Answer to Case Study due by Friday midnight – 30 points

Part 3 Submit paper on Lessons Learned from Case Study by Sunday midnight – 40 points

6.     Complete quiz by Sunday midnight – 20 points

#3       Week 3

            Chapter 3 Corporate Governance and Ethical Management

 

1.     Review Case 2-9 Answers

2.     Read Chapter 3.

3.     View Powerpoint.

4.     View Video “Tone and Tone at the Top”

5.     Participate in Round-Table Discussion activities for Case 3-9 – interactions for 3 questions and make 2 subsequent posts – 30 points

6.     Submit paper on Lessons Learned on Corporate Governance by Sunday midnight – 30 points.

7.     Complete Quiz on Chapter 3 by Sunday midnight – 20 points

 

#4        Week 4

            Chapter 4 AICPA Code of Professional Conduct

 

1.     Review Case 3-1 Answers.

2.     Read Chapter 4.

a.      Discussion of AICPA Ethics rules and Interpretations

b.     Discussion of SEC Positions and SOX provisions

c.      PCAOB Rules and professional requirements

3.     View Powerpoint.

4.     Read The Last Word (article from Journal of Accountancy magazine) focusing on the meaning of “the public trust”

5.     Complete Case Study 4-8

 Part 1 Interactions due by Wednesday midnight – 30 points

 Part 2 Group Answer to Case Study due by Friday midnight – 30 points

Part 3 Submit paper on Lessons Learned from Case Study by Sunday midnight – 40 points

6.     7.     Read “I Should Have Said No” (CFO Magazine article about HealthSouth Fraud)

8.     Complete quiz by Sunday midnight – 20 points

#5        Week 5

            Chapter 5 Audit Responsibilities and Accounting Fraud

 

1.     Read Case 4-8 Answers.

2.     Read Chapter 5.

3.     View Powerpoint

4.     Case 5-8 Edvid, Inc. Discussion Thread Participation by Sunday midnight – 40 points

5.     Submit Lessons Learned from Video paper by Sunday midnight – 20 points

6.     Complete Quiz on Chapter 5 by Sunday midnight – 20 points

7.     Watch video “How Fraud Hurts You and Your Organization”

8.     Complete Video Quiz (0 points – for knowledge only)

 

#6        Week 6

            Chapter 6 Legal and Regulatory Obligations in an Ethical Framework

  1.      Review Case 5-8 Answers.

2.     Read Chapter 6

3.     View Powerpoint.

4.     View Video “Morning in America”

5.     Case Study 6-1

Part 1 interactions in Group Discussion Thread by Wednesday midnight – 30 points

Part 2 Group Answer to Case Study – submit to drop box by Friday midnight – 30 points

Part 3 Submit Lessons Learned from Case Study to drop box by Sunday midnight – 40 points

6.      Complete Quiz on Chapter 6 – 20 points.

#7        Week 7

            Chapter 7 Earnings Management and the Quality of Financial Reporting

Chapter 8 International Financial Reporting: Ethics and Corporate Governance Considerations

 

  1.  Review Case 6-1 Answers.

2.     Read Chapter 7 and Chapter 8.

3.     View Powerpoints for Chapters 7 and 8.

4.     Participate in Discussion Thread by Sunday midnight – 40 points

5.     Submit one-page paper answer question: If faced with a situation wherein you are told “to make the numbers,” what strategies or techniques might you follow in order to continue employment at the organization? – 20 points

6.     Complete Quiz by Sunday midnight – 20 points

 #8        Week 8

.       Review Case 7-7 Answers.

2.     Take proctored final exam (closed book). 300 points.

Academic Honesty:
Academic integrity is the foundation of the academic community. Because each student has the primary responsibility for being academically honest, students are advised to read and understand all sections of this policy relating to standards of conduct and academic life. Park University students and faculty members are encouraged to take advantage of the University resources available for learning about academic honesty (www.park.edu/current or http://www.park.edu/faculty/).from Park University 2011-2012 Undergraduate Catalog Page 95-96

Plagiarism:
Plagiarism involves the use of quotations without quotation marks, the use of quotations without indication of the source, the use of another's idea without acknowledging the source, the submission of a paper, laboratory report, project, or class assignment (any portion of such) prepared by another person, or incorrect paraphrasing. from Park University 2011-2012 Undergraduate Catalog Page 95

Attendance Policy:
Instructors are required to maintain attendance records and to report absences via the online attendance reporting system.

  1. The instructor may excuse absences for valid reasons, but missed work must be made up within the semester/term of enrollment.
  2. Work missed through unexcused absences must also be made up within the semester/term of enrollment, but unexcused absences may carry further penalties.
  3. In the event of two consecutive weeks of unexcused absences in a semester/term of enrollment, the student will be administratively withdrawn, resulting in a grade of "F".
  4. A "Contract for Incomplete" will not be issued to a student who has unexcused or excessive absences recorded for a course.
  5. Students receiving Military Tuition Assistance or Veterans Administration educational benefits must not exceed three unexcused absences in the semester/term of enrollment. Excessive absences will be reported to the appropriate agency and may result in a monetary penalty to the student.
  6. Report of a "F" grade (attendance or academic) resulting from excessive absence for those students who are receiving financial assistance from agencies not mentioned in item 5 above will be reported to the appropriate agency.
ONLINE NOTE: Students must participate in an academically related activity on a weekly basis in order to be marked present in an online class. Examples of academically-related activities include but are not limited to: contributing to an online discussion, completing a quiz or exam, completing an assignment, initiating contact with a faculty member to ask a course related question, or using any of the learning management system tools.

Park University 2011-2012 Undergraduate Catalog Page 98

Disability Guidelines:
Park University is committed to meeting the needs of all students that meet the criteria for special assistance. These guidelines are designed to supply directions to students concerning the information necessary to accomplish this goal. It is Park University's policy to comply fully with federal and state law, including Section 504 of the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990, regarding students with disabilities. In the case of any inconsistency between these guidelines and federal and/or state law, the provisions of the law will apply. Additional information concerning Park University's policies and procedures related to disability can be found on the Park University web page: http://www.park.edu/disability .



Rubric

CompetencyExceeds Expectation (3)Meets Expectation (2)Does Not Meet Expectation (1)No Evidence (0)
Core Learning Outcome #1 (part of Core Assessment)                                                                                                                                                                                                         
Outcomes
Analyze legal, social, and economic developments that define the ethical expectations for business and the accounting profession.                                                                                                                                                                                                                                                                                                                                                                                    
Student correctly identifies legal, social, and economic developments that define the ethical expectations for business and the accounting profession. Student correctly identifies one of three areas that define the ethical expectations for business and the accounting profession. Student is not able to identify at least one of three areas that define the ethical expectations for business and the accounting profession.  
Core Learning Outcome #2 (part of Core Assessment)                                                                                                                                                                                                         
Outcomes
Evaluate ethical relationships between professional accountants and major stakeholders to the financial reporting process.                                                                                                                                                                                                                                                                                                                                                                                           
Student correctly and consistently evaluates ethical relationships between professional accountants and major stakeholders. Student correctly evaluates ethical relationships between professional accountants and major stakeholders in half of professional relationships. Student is unable to evaluate ethical relationships between professional accountants and major stakeholders.  
Core Learning Outcome #3 (part of Core Assessment)                                                                                                                                                                                                         
Outcomes
Evaluate ethical decision making in business and develop steps to incorporate ethics into the corporate governance system.                                                                                                                                                                                                                                                                                                                                                                                           
Student correctly and consistently evaluates ethical decision making in business and develops steps to incorporate ethics in the corporate governance system. Student is able to make ethical decisions but is unable to develop steps to incorporate ethics into the corporate governance system. Student is unable to make ethical decisions and cannot develop steps to incorporate ethics into the corporate governance system.  
Core Learning Outcome #4 (part of Core Assessment)                                                                                                                                                                                                         
Outcomes
Analyze and evaluate the effectiveness of professional codes of ethics embraced by the accounting and auditing professions.                                                                                                                                                                                                                                                                                                                                                                                          
Student correctly and consistently evaluates the effectiveness of professional codes of conduct. Student generally evaluates the effectiveness of professional codes of conduct in half of case studies. Student is unable to determine whether professional codes of conduct are instrumental in setting standards of conduct for employees.  
Core Learning Outcome #5 (part of Core Assessment)                                                                                                                                                                                                         
Outcomes
Identify factors that have impacted the ethical behavior of accounting professionals.                                                                                                                                                                                                                                                                                                                                                                                                                                
Student correctly and consistently identifies characteristics for ethical behavior. Student correctly identifies the main characteristics of for ethical behavior in half of situations examined. Student is unable to correctly identify the characteristics for ethical behavior.  
Core Learning Outcome #6 (part of Core Assessment)                                                                                                                                                                                                         
Outcomes
Analyze case studies to investigate the issues related to accounting ethics, including earnings management, fraud, internal control, corporate governance and the development of an ethical framework for use in setting appropriate standards of conduct for stakeholders in the accounting process.                                                                                                                                                                                                                
Student correctly identifies the main issues and internal controls that are needed to prevent fraud or earnings management. Student correctly identifies the reasons for fraud but may not be able to identify internal controls that are needed to prevent or mitigate instances of fraud or earnings management. Student is unable to correctly the reasons that fraud occurs in organizations.  

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Last Updated:12/9/2012 10:05:44 PM