ACC499_COURSE_GUIDE

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ACC499

Preview: ACC499 : Undergraduate Accounting Capstone

Course Guide

Prerequisites

Course Description

Instructional Materials

ACC305, ACC317

Course residency requirement: This course must be taken as the last or next-to-last class; it is

ineligible for transfer credit and must be taken at Strayer University.

This course provides students opportunities for analysis, synthesis, prescription, and application of

accounting concepts. Students will apply critical thinking and decision-making skills to real-world

business cases involving complex accounting decisions.

A grade of C or higher is required for satisfactory course completion.

Required Resources

James M. Wahlen. 2020. Intermediate Accounting: Reporting and Analysis. ACC499 Blackboard

Course. https://www.strayerbookstore.com

U.S. Securities and Exchange Commission. August 16, 2018. Citigroup to Pay More Than $10

Million for Books and Records Violations and Inadequate Controls. https://www.sec.gov/news/press-

release/2018-155-0.

information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed

written permission of Strayer University.

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Course Learning Outcomes

Joseph H. Schroeder. September 2016. Do SOX 404 Control Audits and Management

Assessments Improve Overall Internal Control System Quality? https://search-ebscohost-

com.libdatab.strayer.edu/login.aspx?direct=true&db=bth&AN=117433149&site=ehost-

live&scope=site

Bianca Fischer. May 27, 2020. SOX Section 404 Twenty Years After: Reviewing Costs and Benefits.

http://libdatab.strayer.edu/login?url=https://search.ebscohost.com/login.aspx?

direct=true&db=edsdoj&AN=edsdoj.6128f5191a884ca1ab55d17d2ad27f39&site=eds-

live&scope=site

Joseph Dewey. April 1, 2018. Flexible Budgets. http://libdatab.strayer.edu/login?

url=https://search.ebscohost.com/login.aspx?direct=true&db=e6h&AN=121501349&site=eds-

live&scope=site

Ramona Laptes. 2019. Ethics and Integrity of the Professional Accountant.

http://libdatab.strayer.edu/login?url=https://search.ebscohost.com/login.aspx?

direct=true&db=bth&AN=142068577&site=eds-live&scope=site

AICPA. December 15, 2014. AICPA Code of Professional Conduct.

https://www.aicpa.org/content/dam/aicpa/research/standards/codeofconduct/downloadabledocumen

ts/2014december15contentasof2016august31codeofconduct.pdf

Joseph J. Tapajna. February 2018. Ethics Rule Will Require CPAs to Discuss Suspected Illegal Acts

With Clients. http://libdatab.strayer.edu/login?url=https://search.ebscohost.com/login.aspx?

direct=true&db=bth&AN=127812886&site=eds-live&scope=site bases.

Center for Audit Quality. May 9, 2019. Guide to Internal Control Over Financial Reporting.

https://www.thecaq.org/guide-internal-control-over-financial-reporting/

Bruce Zagaris. October 1, 2020. CEO of Multibillion-Dollar Software Company Indicted for Largest-

Ever Tax Evasion as Private Equity CEO Makes NPA to Cooperate in the Case.

http://libdatab.strayer.edu/login?url=https://search.ebscohost.com/login.aspx?

direct=true&db=i3h&AN=146796438&site=eds-live&scope=site

Optional Resources

The Institute of Internal Auditors. No date. Code of Ethics. https://na.theiia.org/standards-

guidance/mandatory-guidance/Pages/Code-of-Ethics.aspx

information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed

written permission of Strayer University.

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Weekly Course Schedule

Week 1 - To Do List

Learn: Read Chapter 20 from Intermediate

Accounting:

Reporting

and

Analysis.

Learn: Review the Chapter 20 PowerPoint.

Discuss: Introduce yourself and complete the discussion, Financial Reporting Case.

Prepare: Review the instructions for the assignment due next week.

Week 2 - To Do List

Learn: Read Chapter 15 from Intermediate

Accounting:

Reporting

and

Analysis.

Develop business recommendations based on the financial health of a

company.

Evaluate internal control as an indicator of effectiveness and accuracy of

financial statements.

Analyze the accuracy of a business's budgeting process to help managers

make effective decisions.

Evaluate a business's accounting system for compliance with accounting

principles, regulations, and ethical business practices.

Evaluate a business tax scandal, including income taxes, to determine

weaknesses that could lead to future problems.

information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed

written permission of Strayer University.

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Week 2 - To Do List

Learn: Review the Chapter 15 PowerPoint.

Discuss: Complete the discussion, A Business Health Case.

Assignment: Complete the assignment, Case Study on Financials.

Week 3 - To Do List

Learn: Read Chapter 3 from Intermediate

Accounting:

Reporting

and

Analysis.

Learn: Review the Chapter 3 PowerPoint.

Discuss: Complete the discussion, Internal Control and Problems.

Prepare: Review the instructions for the assignment due next week.

Week 4 - To Do List

Learn: Read Chapter 11 from Intermediate

Accounting:

Reporting

and

Analysis.

Learn: Review the Chapter 11 PowerPoint.

Learn: Read the article, Citigroup to Pay More Than $10 Million for Books and Records Violations

and Inadequate Controls.

information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed

written permission of Strayer University.

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Week 4 - To Do List

Learn: Read the article, Do SOX 404 Control Audits and Management Assessments Improve

Overall Internal Control System Quality?

Learn: Read the article, SOX Section 404 Twenty Years After: Reviewing Costs and Benefits.

Discuss: Complete the discussion, Accounting Systems Issues.

Assignment: Complete the assignment, Case Study on Audit and Internal Control.

Week 5 - To Do List

Learn: Read Chapter 19 from Intermediate

Accounting:

Reporting

and

Analysis.

Learn: Review the Chapter 19 PowerPoint.

Discuss: Complete the discussion, Budgeting.

Prepare: Review the instructions for the assignment due next week.

Week 6 - To Do List

Learn: Read the article, Flexible Budgets.

Learn: Study budgeted income statements.

information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed

written permission of Strayer University.

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Week 6 - To Do List

Discuss: Complete the discussion, Make More Money!

Assignment: Complete the assignment, Case on Budgeting.

Week 7 - To Do List

Learn: Read Chapter 7 from Intermediate

Accounting:

Reporting

and

Analysis.

Learn: Review the Chapter 7 PowerPoint.

Discuss: Complete the discussion, GAAP and Sarbanes Oxley.

Prepare: Review the instructions for the assignment due next week.

Week 8 - To Do List

Learn: Read the article, Ethics and Integrity of the Professional Accountant.

Learn: Read the AICPA Code of Professional Conduct.

Learn: Read the blog post, Ethics Rule Would Require CPAs to Discuss Suspected Illegal Acts

With Clients.

Learn: Optional: Study the importance of ethics in accounting.

information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed

written permission of Strayer University.

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Week 8 - To Do List

Discuss: Complete the discussion, Financial Rules and Regulations.

Assignment: Complete the assignment, Litigation, Censures, and Fines.

Week 9 - To Do List

Learn: Read the Guide to Internal Control Over Financial Reporting.

Learn: Supplemental: Study the importance of ethics in accounting.

Learn: Review the articles as needed.

Discuss: Complete the discussion, Ethics and Professionalism.

Prepare: Review the instructions for the assignment due next week.

Week 10 - To Do List

Learn: Read Chapter 18 from Intermediate

Accounting:

Reporting

and

Analysis.

Learn: Review the Chapter 18 PowerPoint.

Learn: Read the article, CEO of Multibillion-Dollar Software Company Indicted for Largest-Ever Tax

Evasion as Private Equity CEO Makes NPA to Cooperate in the Case.

information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed

written permission of Strayer University.

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Week 10 - To Do List

Discuss: Complete the discussion, Tax Laws and Financial Statements.

Assignment: Complete the assignment, Case on Taxes.

Week 11 - To Do List

Discuss: Complete the discussion, Learning and Application.

Grading Scale

Participation Total Points % of Grade

Discussion Participation 330 33%

Assignment Total Points % of Grade

Week 2 Assignment - Case Study on Financials 130 13%

Week 4 Assignment - Case Study on Audit and Internal Control 135 13.5%

Week 6 Assignment - Case on Budgeting 135 13.5%

Week 8 Assignment - Litigation, Censures, and Fines 135 13.5%

Week 10 Assignment - Case on Taxes 135 13.5%

Totals 1000 100%

Final Course Grade

Points Percentage Grade

900 - 1000 90% - 100% A

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written permission of Strayer University.

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Points Percentage Grade

800 - 899 80% - 89% B

700 - 799 70% - 79% C

600 - 699 60% - 69% D

0 - 599 59% and below F

Unique Course Features

Grading Scale Notation

Please consult the University Catalog and your academic advisor to determine the final grade needed

in this class to satisfy your specific degree conferral requirements.

Assignments

Week 2 Assignment - Case Study on Financials

Summary

Click the linked activity title to access this assignment.

Text

Overview

Financial statements are reports that summarize all the accounting transactions that have taken

place during a specific period of time.

Choose a publicly held company and, using the Internet, review its most current annual report.

Evaluate the health of the corporation you picked based upon your analysis of its financial

statements: balance sheets, income statements, cash flow statements, and statements of

shareholders' equity. Then, research a similar sized competitor for comparison.

Instructions

information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed

written permission of Strayer University.

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Write a 3–4 page report suggesting ways to improve the company's financial health.

1. Conduct a vertical, horizontal, and ratio analysis on four financial statements.

2. Compare the ratio, which includes liquidity, profitability, and solvency, with the industry benchmark

and one other comparable competitor.

3. Synthesize the results of the three financial analysis tests to determine the overall health of the

organization.

4. Present an accurate interpretation of the company's current financial health, including risks.

Support your conclusions.

5. Recommend three ways to improve the company’s financial health, including one example for

each that has been used in the industry.

6. Use three sources to support your writing, including the web address of your chosen company.

Choose sources that are credible, relevant, and appropriate. Cite each source listed on your

source page at least one time within your assignment. For help with research, writing, and

citation, access the library, or review library guides.

This course requires the use of Strayer Writing Standards. For assistance and information, please

refer to the Strayer Writing Standards link in the left-hand menu of your course. Check with your

professor for any additional instructions.

The specific course learning outcome associated with this assignment is:

Develop business recommendations based on the financial health of a company.

Scoring Guide

Conduct a vertical, horizontal, and ratio

analysis on four financial statements. 18 %

Unacceptable

(Below 60%)

Did not conduct

a vertical,

horizontal, or

ratio analysis on

four financial

statements.

Needs

Improvement (60-

69%)

Conducted one

financial analysis

test, or did not

analyze all four

financial

statements.

Satisfactory (70-

79%)

Conducted two

financial analysis

tests on three

financial

statements.

Competent (80-

89%)

Conducted two

of the three

financial analysis

tests on four

financial

statements.

Exemplary (90-

100%)

Conducted a

vertical,

horizontal, and

ratio analysis on

four financial

statements.

Compare the ratio, which includes liquidity,

profitability, and solvency, with the industry

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written permission of Strayer University.

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benchmark and one other comparable

competitor. 18 %

Unacceptable

(Below 60%)

Did not compare

the ratio with the

industry

benchmark or

another

competitor's.

Needs

Improvement (60-

69%)

Described ratio

analysis tests.

Satisfactory (70-

79%)

Compared the

ratio including

one ratio

analysis test with

the industry

benchmark or

one other

comparable

competitor.

Competent (80-

89%)

Compared the

ratio including

two ratio analysis

tests with the

industry

benchmark or

one other

comparable

competitor.

Exemplary (90-

100%)

Compared the

ratio, which

includes liquidity,

profitability, and

solvency, with the

industry

benchmark and

one other

comparable

competitor.

Synthesize the results of the three financial

analysis tests to determine the overall health

of the organization. 18 %

Unacceptable

(Below 60%)

Did not list the

results of the

three financial

analysis tests.

Needs

Improvement (60-

69%)

Listed the results

of the three

financial analysis

tests.

Satisfactory (70-

79%)

Described the

results of the

three financial

analysis tests.

Competent (80-

89%)

Analyzed the

results of the

three financial

analysis tests.

Exemplary (90-

100%)

Synthesized the

results of the

three financial

analysis tests to

determine the

overall health of

the organization.

Present an accurate interpretation of the

company’s current financial health, including

risks. 18 %

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written permission of Strayer University.

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Unacceptable

(Below 60%)

Does not present

an accurate

interpretation of

the company’s

current financial

health.

Needs

Improvement (60-

69%)

Presented an

inaccurate

interpretation of

the company’s

current financial

health, without

including risks.

Satisfactory (70-

79%)

Presented an

inaccurate

interpretation of

the company’s

current financial

health, including

risks.

Competent (80-

89%)

Presented an

accurate

interpretation of

the company’s

current financial

health, but

without including

risks.

Exemplary (90-

100%)

Presented an

accurate

interpretation of

the company’s

current financial

health, including

risks.

Recommend three ways to improve the

company’s financial health, including one

example for each that has been used in the

industry. 18 %

Unacceptable

(Below 60%)

Did not submit

any

recommendation

s to improve the

company’s

financial health.

Needs

Improvement (60-

69%)

Recommended

three ways to

improve the

company’s

financial health,

but they were

based on an

inaccurate

financial

analysis.

Satisfactory (70-

79%)

Recommended

one to two ways

to improve the

company’s

financial health.

Competent (80-

89%)

Recommended

three ways to

improve the

company’s

financial health,

but with

examples that do

not support the

analysis.

Exemplary (90-

100%)

Recommended

three ways to

improve the

company’s

financial health

including one

example for each

that has been

used in the

industry.

Provide three quality resources. 5 %

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written permission of Strayer University.

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Unacceptable

(Below 60%)

No references

provided.

Needs

Improvement (60-

69%)

Did not meet the

required number

of references;

some or all

references are

not peer-

reviewed,

academic

references.

Satisfactory (70-

79%)

Met the required

number of

references; none

of the references

are peer-

reviewed,

academic

references.

Competent (80-

89%)

Met the required

number of

references;

some or all

references are

not peer-

reviewed,

academic

references.

Exemplary (90-

100%)

Met the required

number of

references; all

references are

peer-reviewed,

academic

references.

Writing contains accurate grammar,

mechanics, and spelling in accordance with

SWS style. 5 %

Unacceptable

(Below 60%)

Writing contains

excessive

grammar,

mechanical, or

spelling errors

that impede the

reading of the

assignment.

Needs

Improvement (60-

69%)

Writing contains

more than 5

grammar,

mechanical,

and/or spelling

errors.

Satisfactory (70-

79%)

Writing contains

3–5 grammar,

mechanical,

and/or spelling

errors.

Competent (80-

89%)

Writing contains

1–2 grammar,

mechanical,

and/or spelling

errors.

Exemplary (90-

100%)

Writing contains

no grammar,

mechanical,

and/or spelling

errors.

Week 4 Assignment - Case Study on Audit and Internal Control

Summary

Click the linked activity title to access this assignment.

Text

Overview

In the United States, the management and auditors of publicly held companies must evaluate their

internal controls annually. The purpose of the evaluation is to look for any control deficiencies. Doing

information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed

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so will help avoid any penalties such as the $10.5 million that the SEC imposed on Citigroup Inc. as

a result of its internal controls failures. See the article from SEC.gov, Citigroup to Pay More Than

$10 Million for Books and Records Violations and Inadequate Controls.

You are an external auditor hired by Citigroup to perform an audit. You will be reporting to Citigroup’s

audit committee.

Instructions

Write a 2–3 page report for the audit committee in which you:

1. Critique Citigroup’s internal controls and the purpose they serve.

2. Distinguish between operation and design control deficiency.

3. Determine the reasons that led Citigroup Inc. to pay $10.5 million in penalties.

4. Recommend techniques that will overcome the weaknesses of Citigroup’s internal controls; justify

the recommendation.

5. Use three sources to support your writing. Choose sources that are credible, relevant, and

appropriate. Cite each source listed on your source page at least one time within your

assignment. For help with research, writing, and citation, access the library, or review library

guides.

This course requires the use of Strayer Writing Standards. For assistance and information, please

refer to the Strayer Writing Standards link in the left-hand menu of your course. Check with your

professor for any additional instructions.

The specific course learning outcome associated with this assignment is:

Evaluate internal control as an indicator of effectiveness and accuracy of financial statements.

Scoring Guide

Critique Citigroup’s internal controls and the

purpose they serve. 22 %

information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed

written permission of Strayer University.

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Unacceptable

(Below 60%)

Did not list

Citigroup’s

internal controls

and the purpose

they serve.

Needs

Improvement (60-

69%)

Listed

Citigroup’s

internal controls.

Satisfactory (70-

79%)

Described

Citigroup’s

internal controls

and the purpose

they serve, and

excludes relevant

characteristics or

qualities.

Competent (80-

89%)

Examined

Citigroup’s

internal controls

and the purpose

they serve.

Exemplary (90-

100%)

Critiqued

Citigroup’s

internal controls

and the purpose

they serve.

Distinguish between operation and design

control deficiency. 22 %

Unacceptable

(Below 60%)

Did not describe

operation and

design control

deficiency.

Needs

Improvement (60-

69%)

Described

operation or

design control

deficiency.

Satisfactory (70-

79%)

Described

operation and

design control

deficiency, and

excludes relevant

characteristics or

qualities.

Competent (80-

89%)

Examined

operation and

design control

deficiency.

Exemplary (90-

100%)

Distinguished

between

operation and

design control

deficiency.

Determine the reasons that led Citigroup Inc.

to pay $10.5 million in penalties. 23 %

Unacceptable

(Below 60%)

Did not list the

reasons that led

Citigroup Inc. to

pay $10.5 million

in penalties.

Needs

Improvement (60-

69%)

Listed the

reasons that led

Citigroup Inc. to

pay $10.5 million

in penalties.

Satisfactory (70-

79%)

Described the

reasons that led

Citigroup Inc. to

pay $10.5 million

in penalties, but

lacks details of

the facts of the

case.

Competent (80-

89%)

Examined the

reasons that led

Citigroup Inc. to

pay $10.5 million

in penalties.

Exemplary (90-

100%)

Determined the

reasons that led

Citigroup Inc. to

pay $10.5 million

in penalties.

Recommend techniques that will overcome

the weaknesses of Citigroup’s internal

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controls; justify the recommendations. 23 %

Unacceptable

(Below 60%)

Did not list

techniques that

will overcome the

weaknesses of

Citigroup’s

internal controls,

or justify the

recommendation

Needs

Improvement (60-

69%)

Listed

techniques for

overcoming

various internal

control

weaknesses.

Satisfactory (70-

79%)

Provided a

recommendation

without analysis

of internal

controls.

Competent (80-

89%)

Provided a

recommendation

without accurate

analysis of

internal controls.

Exemplary (90-

100%)

Recommended

techniques that

will overcome the

weaknesses of

Citigroup’s

internal controls;

justified the

recommendation

Provide three quality resources. 5 %

Unacceptable

(Below 60%)

No references

provided.

Needs

Improvement (60-

69%)

Did not meet the

required number

of references;

some or all

references are

not peer-

reviewed,

academic

references.

Satisfactory (70-

79%)

Met the required

number of

references; none

of the references

are peer-

reviewed,

academic

references.

Competent (80-

89%)

Met the required

number of

references;

some or all

references are

not peer-

reviewed,

academic

references.

Exemplary (90-

100%)

Met the required

number of

references; all

references are

peer-reviewed,

academic

references.

Writing contains accurate grammar,

mechanics, and spelling in accordance with

SWS style. 5 %

information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed

written permission of Strayer University.

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17/30

Unacceptable

(Below 60%)

Writing contains

excessive

grammar,

mechanical, or

spelling errors

that impede the

reading of the

assignment.

Needs

Improvement (60-

69%)

Writing contains

more than 5

grammar,

mechanical,

and/or spelling

errors.

Satisfactory (70-

79%)

Writing contains

3–5 grammar,

mechanical,

and/or spelling

errors.

Competent (80-

89%)

Writing contains

1–2 grammar,

mechanical,

and/or spelling

errors.

Exemplary (90-

100%)

Writing contains

no grammar,

mechanical,

and/or spelling

errors.

Week 6 Assignment - Case on Budgeting

Summary

Click the linked activity title to access this assignment.

Text

Overview

You are hired as a new cost accountant to Ciccetti Corporation. The company manager, David, is

having a meeting with you in his office. He brought you this budgeted income statement that was

completed by the previous cost accountant. David asks you to provide him with a report explaining

the statement in clear, straightforward language, and how you plan to handle the annual budget.

Flexible Budget Performance Part 2

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Flexible Budget Activity

Variances

Customers served (q)

36,000 3

Revenue ($4.80q)

$172,800 $14,400 F $

Expenses:

Wages and salaries ($36,900 + 1.60q)

94,500 4,800 U 8

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written permission of Strayer University.

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Supplies ($0.90q)

32,400 2,700 U 2

Insurance ($13,300)

13,300 0 1

Miscellaneous Expense ($6,300 + $0.40q)

20,700 1,200 U 1

Total expense

160,900 8,700 U 1

Net operating income

$11,900 $5,700 F $

Instructions

Write a 2–3 page report in which you:

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1. Explain the budgeted income statement.

2. Outline how you would create annual budgeted financial statements.

3. Analyze the difference between a static budget and a flexible budget, including the importance of

each.

4. Evaluate the importance of reading and correctly interpreting budgeted financial statements.

5. Use three sources to support your writing. Choose sources that are credible, relevant, and

appropriate. Cite each source listed on your source page at least one time within your

assignment. For help with research, writing, and citation, access the library, or review library

guides.

This course requires the use of Strayer Writing Standards. For assistance and information, please

refer to the Strayer Writing Standards link in the left-hand menu of your course. Check with your

professor for any additional instructions.

The specific course learning outcome associated with this assignment is:

Analyze the accuracy of a business's budgeting process to help managers make effective

decisions.

Scoring Guide

Explain the budgeted income statement. 22 %

Unacceptable

(Below 60%)

Did not describe

the budgeted

income

statement.

Needs

Improvement (60-

69%)

Described the

budgeted

income

statement, but

with inaccuracies

in both expenses

and budget

variances.

Satisfactory (70-

79%)

Described the

budgeted

income

statement, but

with inaccuracies

in expenses or

budget

variances.

Competent (80-

89%)

Described the

budgeted

income

statement, but

with errors.

Exemplary (90-

100%)

Explained the

budgeted

income

statement.

Outline how you would create annual

budgeted financial statements. 22 %

information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed

written permission of Strayer University.

https://atlas.strategiced.com/app#offering/10061537/course/8036439/preview/courseguide

21/30

Unacceptable

(Below 60%)

Does not outline

how to create

annual budgeted

financial

statements.

Needs

Improvement (60-

69%)

Determined the

need for annual

budgeted

financial

statements.

Satisfactory (70-

79%)

Described how

to create annual

budgeted

financial

statements, but

excluded

relevant

characteristics or

qualities.

Competent (80-

89%)

Examined how to

create annual

budgeted

financial

statements.

Exemplary (90-

100%)

Outlined how you

would create

annual budgeted

financial

statements.

Analyze the difference between a static

budget and a flexible budget, including the

importance of each. 23 %

Unacceptable

(Below 60%)

Did not state the

difference

between a static

budget and a

flexible budget,

including the

importance of

each.

Needs

Improvement (60-

69%)

Stated the

difference

between a static

budget and a

flexible budget,

including the

importance of

each.

Satisfactory (70-

79%)

Described the

difference

between a static

budget and a

flexible budget,

excluding the

importance of

each.

Competent (80-

89%)

Examined the

difference

between a static

budget and a

flexible budget,

identifying the

importance of

each.

Exemplary (90-

100%)

Analyzed the

difference

between a static

budget and a

flexible budget,

including the

importance of

each.

Evaluate the importance of reading and

correctly interpreting budgeted financial

statements. 23 %

information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed

written permission of Strayer University.

https://atlas.strategiced.com/app#offering/10061537/course/8036439/preview/courseguide

22/30

Unacceptable

(Below 60%)

Does not

evaluate the

importance of

reading and

correctly

interpreting

budgeted

financial

statements.

Needs

Improvement (60-

69%)

Explained

reading and

interpreting

budgeted

financial

statements.

Satisfactory (70-

79%)

Described the

importance of

reading and

correctly

interpreting

budgeted

financial

statements.

Competent (80-

89%)

Argued the

importance of

reading and

correctly

interpreting

budgeted

financial

statements.

Exemplary (90-

100%)

Evaluated the

importance of

reading and

correctly

interpreting

budgeted

financial

statements.

Provide three quality resources. 5 %

Unacceptable

(Below 60%)

No references

provided.

Needs

Improvement (60-

69%)

Did not meet the

required number

of references;

some or all

references are

not peer-

reviewed,

academic

references.

Satisfactory (70-

79%)

Met the required

number of

references; none

of the references

are peer-

reviewed,

academic

references.

Competent (80-

89%)

Met the required

number of

references;

some or all

references are

not peer-

reviewed,

academic

references.

Exemplary (90-

100%)

Met the required

number of

references; all

references are

peer-reviewed,

academic

references.

Writing contains accurate grammar,

mechanics, and spelling in accordance with

SWS style. 5 %

information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed

written permission of Strayer University.

https://atlas.strategiced.com/app#offering/10061537/course/8036439/preview/courseguide

23/30

Unacceptable

(Below 60%)

Writing contains

excessive

grammar,

mechanical, or

spelling errors

that impede the

reading of the

assignment.

Needs

Improvement (60-

69%)

Writing contains

more than 5

grammar,

mechanical,

and/or spelling

errors.

Satisfactory (70-

79%)

Writing contains

3–5 grammar,

mechanical,

and/or spelling

errors.

Competent (80-

89%)

Writing contains

1–2 grammar,

mechanical,

and/or spelling

errors.

Exemplary (90-

100%)

Writing contains

no grammar,

mechanical,

and/or spelling

errors.

Week 8 Assignment - Litigation, Censures, and Fines

Summary

Click the linked activity title to access this assignment.

Text

Overview

You are the accountant for ACC KarParts, a thriving company that makes auto parts. You oversee all

accounting functions within the company. Quinn, your supervisor, has informed you that if the

company's profits grow by 30% this year, you will receive a $30,000 bonus, and she will receive a

$60,000 bonus. No bonuses will be awarded if profit growth is less than 30%. Near the end of this

fiscal year, the two of you have the following conversation:

Quinn: We are getting close to 28% profit by the end of this year. If this happens, neither you

nor I will get any bonus. What can be done to reach our target and get our bonus?

You: There is nothing we can do to reach 30% profit this year. However, we can plan to reach

that target next year.

Quinn: If we claim some of the next year revenues to be part of the current year, you will get

your bonus, I will get mine, and the investors will be happier. Therefore, everybody will be

happy.

You: Uh, Quinn, that would be an unethical action.

Quinn: We are simply moving revenue from one period to another. We are not faking the

revenue transactions.

As an accountant, what would you do in this situation?

information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed

written permission of Strayer University.

https://atlas.strategiced.com/app#offering/10061537/course/8036439/preview/courseguide

24/30

Instructions

Write a 2–3 page report explaining to Quinn why you can't move revenue from one period to another.

In the report:

1. Explain the importance of ethics in accounting.

2. Apply ethical principles and professionalism to the case at ACC KarParts.

3. Based on generally accepted accounting principles, recommend at least three acceptable legal

alternatives to meet company goals.

4. Use three sources to support your writing. Choose sources that are credible, relevant, and

appropriate. Cite each source listed on your source page at least one time within your

assignment. For help with research, writing, and citation, access the library, or review library

guides.

This course requires the use of Strayer Writing Standards. For assistance and information, please

refer to the Strayer Writing Standards link in the left-hand menu of your course. Check with your

professor for any additional instructions.

The specific course learning outcome associated with this assignment is:

Evaluate a business's accounting system for compliance with accounting principles,

regulations, and ethical business practices.

Scoring Guide

Explain the importance of ethics in

accounting. 30 %

Unacceptable

(Below 60%)

Did not identify

that ethics are

important in

accounting.

Needs

Improvement (60-

69%)

Identified that

ethics are a

factor in

accounting.

Satisfactory (70-

79%)

Described how

ethics are a

factor in

accounting

Competent (80-

89%)

Explained how

ethics are a

factor in

accounting, but

excluded how

ethics has such

an important

effect on

accounting.

Exemplary (90-

100%)

Explained the

importance of

ethics in

accounting.

Apply ethical principles and professionalism

information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed

written permission of Strayer University.

https://atlas.strategiced.com/app#offering/10061537/course/8036439/preview/courseguide

25/30

to the case at ACC KarParts. 30 %

Unacceptable

(Below 60%)

Did not identify

ethical principles

and

professionalism

to the case at

ACC KarParts.

Needs

Improvement (60-

69%)

Identified an

ethical situation

at ACC

KarParts.

Satisfactory (70-

79%)

Described

ethical principles

and

professionalism.

Competent (80-

89%)

Described ethics

and

professionalism

at ACC

KarParts.

Exemplary (90-

100%)

Applied ethical

principles and

professionalism

to the case at

ACC KarParts.

Recommend at least three acceptable legal

alternatives to meet company goals. 30 %

Unacceptable

(Below 60%)

Did not list any

alternatives to

meet company

goals.

Needs

Improvement (60-

69%)

Listed

alternatives to

meet company

goals.

Satisfactory (70-

79%)

Described

acceptable legal

alternatives to

meet company

goals.

Competent (80-

89%)

Recommended

acceptable legal

alternatives to

meet company

goals, but

recommendation

s were not based

on generally

accepted

accounting

principles.

Exemplary (90-

100%)

Recommended

at least three

acceptable legal

alternatives to

meet company

goals.

Provide three quality resources. 5 %

information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed

written permission of Strayer University.

https://atlas.strategiced.com/app#offering/10061537/course/8036439/preview/courseguide

26/30

Unacceptable

(Below 60%)

No references

provided.

Needs

Improvement (60-

69%)

Did not meet the

required number

of references;

some or all

references are

not peer-

reviewed,

academic

references.

Satisfactory (70-

79%)

Met the required

number of

references; none

of the references

are peer-

reviewed,

academic

references.

Competent (80-

89%)

Met the required

number of

references;

some or all

references are

not peer-

reviewed,

academic

references.

Exemplary (90-

100%)

Met the required

number of

references; all

references are

peer-reviewed,

academic

references.

Writing contains accurate grammar,

mechanics, and spelling in accordance with

SWS style. 5 %

Unacceptable

(Below 60%)

Writing contains

excessive

grammar,

mechanical, or

spelling errors

that impede the

reading of the

assignment.

Needs

Improvement (60-

69%)

Writing contains

more than 5

grammar,

mechanical,

and/or spelling

errors.

Satisfactory (70-

79%)

Writing contains

3–5 grammar,

mechanical,

and/or spelling

errors.

Competent (80-

89%)

Writing contains

1–2 grammar,

mechanical,

and/or spelling

errors.

Exemplary (90-

100%)

Writing contains

no grammar,

mechanical,

and/or spelling

errors.

Week 10 Assignment - Case on Taxes

Summary

Click the linked activity title to access this assignment.

Text

Overview

Federal prosecutors have charged Texas billionaire, Robert Brockman, with a $2 billion tax fraud

scheme in what they say is the largest such case against an American. Before attempting this

information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed

written permission of Strayer University.

https://atlas.strategiced.com/app#offering/10061537/course/8036439/preview/courseguide

27/30

assignment, review the case, CEO of Multibillion-Dollar Software Company Indicted for Largest-

Ever Tax Evasion as Private Equity CEO Makes NPA to Cooperate in the Case.

Instructions

Write a 2–3 page paper about this tax fraud case, in which you:

1. Summarize the Robert Brockman tax fraud case.

2. Evaluate the issues that led to the tax fraud.

3. Analyze a CPA's culpability in cases of tax fraud by clients, regardless of whether they had

knowledge of the fraud.

4. Evaluate ways a tax preparer can detect signs of tax fraud in order to prevent future tax fraud.

5. Use three sources to support your writing. Choose sources that are credible, relevant, and

appropriate. Cite each source listed on your source page at least one time within your

assignment. For help with research, writing, and citation, access the library, or review library

guides.

This course requires the use of Strayer Writing Standards. For assistance and information, please

refer to the Strayer Writing Standards link in the left-hand menu of your course. Check with your

professor for any additional instructions.

The specific course learning outcome associated with this assignment is:

Evaluate a business tax scandal, including income taxes, to determine weaknesses that could

lead to future problems.

Scoring Guide

Summarize the Robert Brockman tax fraud

case. 22 %

Unacceptable

(Below 60%)

Did not list points

from the Robert

Brockman tax

fraud case.

Needs

Improvement (60-

69%)

Listed points

from the Robert

Brockman tax

fraud case.

Satisfactory (70-

79%)

Described the

Robert

Brockman tax

fraud case, but

excluded

relevant details.

Competent (80-

89%)

Examined the

Robert

Brockman tax

fraud case.

Exemplary (90-

100%)

Summarized the

Robert

Brockman tax

fraud case.

Evaluate the issues that led to the tax fraud.

information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed

written permission of Strayer University.

https://atlas.strategiced.com/app#offering/10061537/course/8036439/preview/courseguide

28/30

22 %

Unacceptable

(Below 60%)

Did not list the

issues that led to

the tax fraud.

Needs

Improvement (60-

69%)

Listed the issues

that led to the tax

fraud.

Satisfactory (70-

79%)

Described the

issues that led to

the tax fraud, but

excluded

relevant details.

Competent (80-

89%)

Examined the

issues that led to

the tax fraud.

Exemplary (90-

100%)

Evaluated the

issues that led to

the tax fraud.

Analyze a CPA's culpability in cases of tax

fraud by clients, regardless of whether they

had knowledge of the fraud. 23 %

Unacceptable

(Below 60%)

Did not list CPA

culpabilities in

cases of tax

fraud by clients.

Needs

Improvement (60-

69%)

Listed CPA

culpabilities in

cases of tax

fraud by clients.

Satisfactory (70-

79%)

Described a

CPA’s culpability

in cases of tax

fraud by clients,

but excluded

relevant details

regarding the

CPA's

knowledge of the

fraud.

Competent (80-

89%)

Examined a

CPA’s culpability

in cases of tax

fraud by clients.

Exemplary (90-

100%)

Analyzed a

CPA's culpability

in cases of tax

fraud by clients,

regardless of

whether they had

knowledge of the

fraud.

Evaluate ways a tax preparer can detect signs

of tax fraud in order to prevent future tax

fraud. 23 %

information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed

written permission of Strayer University.

https://atlas.strategiced.com/app#offering/10061537/course/8036439/preview/courseguide

29/30

Unacceptable

(Below 60%)

Did not list ways

a tax preparer

can detect signs

of tax fraud in

order to prevent

future tax fraud.

Needs

Improvement (60-

69%)

Listed ways a tax

preparer can

detect signs of

tax fraud in order

to prevent future

tax fraud.

Satisfactory (70-

79%)

Described ways

a tax preparer

can detect signs

of tax fraud,

without

considering

prevention of

future tax fraud.

Competent (80-

89%)

Examined ways

a tax preparer

can detect signs

of tax fraud in

order to prevent

future tax fraud.

Exemplary (90-

100%)

Evaluated ways

a tax preparer

can detect signs

of tax fraud in

order to prevent

future tax fraud.

Provide three quality resources. 5 %

Unacceptable

(Below 60%)

No references

provided.

Needs

Improvement (60-

69%)

Did not meet the

required number

of references;

some or all

references are

not peer-

reviewed,

academic

references.

Satisfactory (70-

79%)

Met the required

number of

references; none

of the references

are peer-

reviewed,

academic

references.

Competent (80-

89%)

Met the required

number of

references;

some or all

references are

not peer-

reviewed,

academic

references.

Exemplary (90-

100%)

Met the required

number of

references; all

references are

peer-reviewed,

academic

references.

Writing contains accurate grammar,

mechanics, and spelling in accordance with

SWS style. 5 %

information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed

written permission of Strayer University.

https://atlas.strategiced.com/app#offering/10061537/course/8036439/preview/courseguide

30/30

Unacceptable

(Below 60%)

Writing contains

excessive

grammar,

mechanical, or

spelling errors

that impede the

reading of the

assignment.

Needs

Improvement (60-

69%)

Writing contains

more than 5

grammar,

mechanical,

and/or spelling

errors.

Satisfactory (70-

79%)

Writing contains

3–5 grammar,

mechanical,

and/or spelling

errors.

Competent (80-

89%)

Writing contains

1–2 grammar,

mechanical,

and/or spelling

errors.

Exemplary (90-

100%)

Writing contains

no grammar,

mechanical,

and/or spelling

errors.

information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed

written permission of Strayer University.

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