...Research in Higher Education Journal Centering the business capstone course on the banking crisis: concrete integrated pedagogy Khalid A. Razaki Dominican University Wayne Koprowski Dominican University Peter Alonzi Dominican University Robert Irons Dominican University Abstract The recent financial crisis offers instructors rich material for business programs regarding the relations between accounting, business law, economics, and finance, as well as ethical issues. This paper offers a concrete approach to developing a business capstone course built around the financial crisis and the lessons it offers business students. Complete pedagogical modules are offered for each discipline, including suggestions for specific assignments in each discipline. Key Words: Capstone Course, Banking Crisis, Pedagogy Centering the Business Capstone Course, Pate 1 Research in Higher Education Journal INTRODUCTION A capstone course is essential in the business school curriculum. It provides each student the time to refresh their grasp of and to hone their ability to apply the principles, tools, and methods of the fields comprising the business curriculum. Further, it gives students the opportunity to integrate the insights of the various fields. The effectiveness of the capstone course can be enhanced by centering the capstone course on the 2008 financial crisis. All students share the common experience of the 2008 crisis’s violent shaking of the economy. It immediately affected each...
Words: 10514 - Pages: 43
...| ACCOUNTING CHANGES | | | Sabrina Whitehead | Dr. M. Austin ZekenAccounting Undergraduate Capstone Acc 499 | 4/26/2012 | | Discuss the primary reason for the restatement and the impact to the financial results for the Company. Dell computers has delivered technology solutions for more than twenty-six years and has transformed countries, communities and the private sector to help achieve their goals at work, home and school. Michael Dell created PCs Limited but later changed the name to Dell Computer Corporation in 1984, as a freshman attending the University of Texas. The young entrepreneur purchased computer parts from wholesale distributors, installed them in his version of the IBM, and then began selling the custom-built person computers from his dorm room. After one year of successful business Michael Dell left college and incorporated his business and the Dell Company went public, selling stock market shares for $8.50 per share. After years of financial accomplishment in 2006 the Securities and Exchange Commission (SEC) made inquiries of Dell internal accounting and Dell Inc. was investigated after a review of past accounting and reporting practices and company eventually disclosed wrongful conduct for deferring revenue coming from software sales, errors and irregularities which took place from 2003 through 2007. The investigation concluded that a number of adjustment were improper, including the creation and release of accruals and reserves...
Words: 1261 - Pages: 6
...Capstone phase 1 Westside A Tata-Trent unit Research topic 1) Brand track research 2) Customer satisfaction 3) Sub-brand awareness Index 1) Synopsis 2) Research design Submitted to- Submitted by- Prof. Pratish srivastava Pramod kumar RMM-2011-13 Roll no-47 Synopsis and Research design Trent is a subsidiary of TATA group, Trent operates westside which has 64 stores in 32 Indian major cities all over India is one of the well known names in the retail industry. Every year westside conducts two researches to gauge brand health and customer satisfaction level. This year one more research has been added to this list to measure the performance of sub- brands in the market against the competition. 1) Brand track Approach • A survey...
Words: 1051 - Pages: 5
...Capstone Lockheed Martin Strayer University Maitland campus Business Administration Capstone BUS 499 Prof. David Repp March 11, 2014 Lockheed Martin is an American global security defense, aerospace and advance information Technology Company that was establish in 1912 by Glenn Luther Martin. Martin believed that the future would be in technology and the harvesting of that technology. Lockheed approximately operates 572 facilities nationally and 75 facilities internationally employing about 115,000 people worldwide. Lockheed employees are constantly engaging in research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. It is apparent that their employees all share the same enthusiasm about the company and the impact that the company has on mankind’s need to explore the technological possibilities in a whole. It’s abundantly clear that Lockheed is focused on the betterment of mankind and securing the information gained from those who which to use it offensively. It almost sounds as if Lockheed could be a character in a superhero comic book. Conversely, they are much more than a character in a superhero comic book and they are much more than just a global security or aerospace company. Lockheed has dedicated their company to helping design the future through technology. They have crossed over from the science fictional realm otherwise known as the realm of impossibilities into the virtual world with...
Words: 2564 - Pages: 11
...Capstone Research Project Cassandra Quinn ACC499 – Accounting Undergraduate Capstone June 16, 2013 Professor Wendy Achilles Capstone Research Project Auditing is the cornerstone of financial reporting because it provides attestations to the fairness and accuracy of a company’s financial records. Accountants and Auditors prepare and assess financial records to declare the fairness and accuracy of a company’s financial records. Auditors perform what is known as an audit which is a close inspection of a company’s financial records to ensure they are correct; during a financial audit all financial records of a company including ledgers, internal financial reports, official published reports, accounts payable, and accounts receivable will be examined. This type of inspection keeps a company honest and also reassures investors as to the financial status of the organization. Accountants must follow a common set of accounting principles, standards and procedures that companies use to compile their financial statements known as Generally Accepted Accounting Principles (GAAP) are a combination of authoritative standards and simply the commonly accepted ways of recording and reporting accounting information. GAAP rules attempt to cover such a broad field that it is filled with loopholes and allow for multiple ways of presenting the same data; these loopholes can be used by management to manipulate the earnings of an entity. During an audit the auditor may encounter “red flags”...
Words: 2683 - Pages: 11
...Assignment 2: Accounting and Audit Enforcement ACC 599 – Graduate Accounting Capstone QUESTION #1 After so many scandals in regards to financial frauds, Sarbanes-Oxley Act Section 404 mandates that all publicly-traded companies must establish internal controls and procedures for financial reporting and must document, test and maintain those controls and procedures to ensure their effectiveness. Non-for-profit healthcare organizations do not hold themselves to the same standards as the for-profit organizations. Although whether SOX guidelines apply to businesses in the healthcare industry depends on whether the business is a for-profit or non-for-profit organization, some voluntarily adopt SOX in an effort to strengthen internal management controls and increase the quality of healthcare financial reporting (Lohrey, n.d., ¶1). Non-for-profit organizations could certainly benefit from the SOX Section 404 to help reduce the possibilities of corporate fraud by increasing the stringency of procedures and requirements for financial reporting. Many health care executives and board members have concluded that SOX created a new benchmark for best practices, as well as provided extra protection from liability by evidencing direct board attention and oversight of organization compliance (Kusserow, 2013, ¶1). Without audit committees, non-for-profit organizations are at higher risk of financial disaster. Following the SOX compliances can be very beneficial for the non-for-profit...
Words: 2164 - Pages: 9
...improve students’ ability to analyze and critique the complex issues that often surround the accounting for revenue recognition. The case scenarios describe transactions in which students must decide whether, when, and how much revenue to recognize. The issues analyzed involve bill-and-hold, multiple-element arrangements, gross versus net revenue reporting, and sales incentives. The cases are also designed to improve teamwork and communication skills. The sequence of cases is intended for use in an intermediate accounting class that covers revenue recognition, or in a capstone class that emphasizes critical thinking and research skills. Keywords: revenue; recognition; codification; research. INTRODUCTION evenue recognition is one of the top causes for financial statement restatements (Whitehouse 2010). In addition, revenue recognition is an area commonly questioned by the Securities and Exchange Commission (SEC) staff in their review of public filings and resultant comment letter process (Deloitte 2009). Furthermore, revenue recognition is often prey to financial fraud (PricewaterhouseCoopers 2009). Coverage of revenue recognition in intermediate accounting courses is typically limited to learning and applying the criteria for revenue recognition outlined in the Financial Accounting Standards Board’s (FASB) Statement of Financial Accounting Concepts No. 5,...
Words: 4631 - Pages: 19
...[pic] SCHOOL OF ACCOUNTANCY UNIVERSITI UTARA MALAYSIA FIRST SEMESTER 2014/2015 (A141) COURSE CODE : BKAL3063 COURSE : INTEGRATED CASE STUDY PRE-REQUISITE : BKAF3073 FINANCIAL ACCOUNTING & REPORTING IV 1. SYNOPSIS This is a capstone course for the accountancy programs, which integrates knowledge from financial accounting & reporting, management accounting, taxation, audit, finance, management and business–related, information technology and other social sciences courses. Experiential exercises are embedded in this course to support learners’ effort in independent learning. 2. OBJECTIVES This course is designed to enable learners to integrate knowledge from the various related disciplines and to enhance their technical core competencies and their problem solving skills in the unstructured business environment. 3. LEARNING OUTCOMES Upon completion of the course, students are able to: i) interprete various accounting and business related issues in an organisational context. ii) undertake independent research. iii) develop alternative solutions to issues, devise action plans, and resolve implementation issues. iv) communicate ideas, views and recommendations effectively both verbally and in writing. v) demonstrate awareness of ethical considerations as part of the decision making process. vi) demonstrate leadership and teamwork in issues...
Words: 1126 - Pages: 5
...General Mills Inc.—Understanding Financial Statements Teaching Notes: This is the first case we use in our course and it sets the tone. We find that using a company well-known to students piques their interest and gets the course off to a good start. The purpose of the case is to gain familiarity with financial statements and to begin to think about how financial statements reflect economic events and financial performance. Some students need to be reminded that the point of the exercise is not to perform a comprehensive analysis of the company. At this point, most students do not have the required skills. Rather, the goal is one of discovery. Many students find that they understand a lot more of the information in the financials than they thought they would. Others find that the vocabulary bogs them down. They need to be encouraged to learn the language of business. A productive exercise is to have students jot down a few (3-5) items they find puzzling in the financial statements. Then, on the last day of class, have the students refer back to their list. Typically, they understand everything they had on their day-one list. This provides tangible evidence of the value of the course because most students are pleasantly surprised at how much they have learned. The case probes the three basic statements as well as the two opinions issued by the firms’ auditors. This provides the opportunity to introduce the notions of corporate governance and ethics. The case includes basic questions...
Words: 2946 - Pages: 12
...Apple Computer, Inc.: Maintaining the Music Business while introducing iPhone and Apple TV Judith Babcock Professor Christopher B. McGrath Bus 499-Business Administration Capstone April 24, 2012 Apple Computer, Inc.: Maintaining the Music Business while introducing iPhone and Apple TV Apple Inc. manufactures and markets mobile communication and media devices, personal computers, and portable music players. They also sell software and services. The company sells the iPhone, iPad, Mac, iPod, Apple TV and professional and consumer software. Apple became a public company in 1980. Since then, they have become the most innovative company, the number one company in the world. In 2007, Apple Computer, Inc. changed their name to Apple, Inc., nasdaq: AAPL. The reason was Jobs explained was because the company was more of a consumer electronics company than a computer maker. On the same day of the name change, Apple Inc.launched the iPhone and Apple TV (Knowledge @ Wharton 2007). Some challenges that Apple, Computer Inc. face after surpassing, Microsoft’s Market Cap in 2010, scrutiny from Government agencies: The FCC, SEC, ITC, FBI, and FTC all have investigations that are underway looking at Apple’s practices. Apple’s success with iTunes gives it clout that threatens competitors in cable television, movie studios, print, gaming and more. Corporate lawsuits: Nokia and HTC are two competitors that currently have patent...
Words: 1289 - Pages: 6
...|[pic] |Syllabus | | |School of Business | | |ACC/230 (11/05/2012 – 01/20/2013) | | |Financial Reporting: Peeking Under the Financial Hood | Copyright © 2009, 2007 by University of Phoenix. All rights reserved. Course Description In this course, students will learn to analyze financial statements and methods used to value companies. Financial reports help managers choose between business paths. They also help investors and analysts evaluate the financial health of companies. This course is a practical means of discovering how financial data are generated and their limitations; techniques for analyzing the flow of business funds; and methods for selecting and interpreting financial ratios. It also presents analytical tools for predicting and testing assumptions about a firm’s performance. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: • University policies: You must be logged into the student website...
Words: 2268 - Pages: 10
...General Mills Inc.—Understanding Financial Statements Teaching Notes: This is the first case we use in our course and it sets the tone. We find that using a company well-known to students piques their interest and gets the course off to a good start. The purpose of the case is to gain familiarity with financial statements and to begin to think about how financial statements reflect economic events and financial performance. Some students need to be reminded that the point of the exercise is not to perform a comprehensive analysis of the company. At this point, most students do not have the required skills. Rather, the goal is one of discovery. Many students find that they understand a lot more of the information in the financials than they thought they would. Others find that the vocabulary bogs them down. They need to be encouraged to learn the language of business. A productive exercise is to have students jot down a few (3-5) items they find puzzling in the financial statements. Then, on the last day of class, have the students refer back to their list. Typically, they understand everything they had on their day-one list. This provides tangible evidence of the value of the course because most students are pleasantly surprised at how much they have learned. The case probes the three basic statements as well as the two opinions issued by the firms’ auditors. This provides the opportunity to introduce the notions of corporate governance and ethics. The case includes basic questions...
Words: 2946 - Pages: 12
...CAPSTONE CASE STUDY ON ORGANIZATIONAL ARCHITECTURE: ARTHUR ANDERSEN LLP 1. Discuss the environmental, strategic and organizational changes that occurred over the life of Andersen in the context of Figure 11.1. Architectural design of firm may vary among companies. There are most common categories are business environment, strategy, and organizational architecture. Business environment of Andersen includes technology that was used effectively; structure of its markets, regulations which helped Andersen to grow along with its reputation. The second category is strategy which includes Andersen’s primary goals, choice of business, and services. Finally, the last category is organizational architecture which explains how authority is distributed among Andersen’s employees, and how rewards determined. BUSINESS ENVIRONMENT TECHNOLOGY | MARKETS | REGULATIONS | Company started using computers for bookkeeping.Company developed the largest technology practice. | Arthur Andersen was well respected, reputable auditing company for many customers.Early 1950s Andersen entered in computer consulting business. | The federal law in 1930’s which required companies to provide their financial statements to an independent auditor each year helped Andersen’s grow. | STRATEGY Quality audits were valued more than higher short-run firm profits.“Four cornerstones” of good service, quality audits, well managed staff and profits.Auditors were rewarded and promoted for making sound audit...
Words: 2128 - Pages: 9
...______________________________________________________________________________ Project Name NSA Capstone Project Charter ______________________________________________________________________________ Prepared By: [insert name] Date of Publication: [insert date] Revision History Version | Date | Author(s) | Revision Notes | 1.0 | 9-27-14 | Josh | Started Charter | 2.0 | 10-4-14 | All members | Provided each of our parts of charter | | | | | | | | | | | | | Table of Contents Project Description 3 Project Objectives 3 Project Scope 4 In Scope: 4 Out of Scope: 4 Deliverables Produced: 4 Stakeholders: 5 Requirements: 5 Acceptance Criteria:Project Estimated Effort/Cost/Duration 5 Estimated Cost: 6 Estimated Effort Hours: 6 Estimated Duration: 6 Project Assumptions 7 Project Risks 7 Project Constraints 8 Project Dependencies 8 Project Approach 8 Project Organization 9 Communication Plan: 9 Project Guidelines: 9 Project Approvals 10 Project Description Ace’s IT Solutions will design and implement a fully functional network infrastructure for Greenway Bank. The equipment that is currently at all locations is outdated and will be replaced with state-of-the-art compatible systems. There are four branches which are located in: New York, Seattle, Orlando, and Los Angeles. The headquarters will be located in St. Louis. This location will have system capability and capacity to provide data storage...
Words: 1815 - Pages: 8
...* Question 1 0 out of 1 points | | | The common price-earnings valuation method applied the ____ price-earnings ratio to ____ earnings per share in order to value the firm's stock. | | | | | Selected Answer: | b. firm's; industry | Correct Answer: | d. average industry; firm's | | | | | * Question 2 1 out of 1 points | | | If security prices fully reflect all market-related information (such as historical price patterns) but do not fully reflect all other public information, security markets are | | | | | Selected Answer: | a. weak-form efficient. | Correct Answer: | a. weak-form efficient. | | | | | * Question 3 0 out of 1 points | | | Boris stock has an average return of 15 percent. Its beta is 1.5. Its standard deviation of returns is 25 percent. The average risk-free rate is 6 percent. The Sharpe index for Boris stock is | | | | | Selected Answer: | c. 0.45. | Correct Answer: | b. 0.36. | | | | | * Question 4 0 out of 1 points | | | Until recently, international trading of stocks was limited by | | | | | Selected Answer: | a. transaction costs. | Correct Answer: | d. all of the above | | | | | * Question 5 0 out of 1 points | | | The standard deviation of a stock's returns is used to measure a stock's | | | | | Selected Answer: | a. beta. | Correct Answer: | b. volatility. | | | | | * Question 6 0 out of 1 points | | | A ____ is a trading...
Words: 9299 - Pages: 38