Jan 19, 2021  
2016-2017 Catalog 
2016-2017 Catalog [PAST CATALOG]

BPA 265 - Business Accountant Capstone

3 credit hours - Three hours weekly; one term.
Integrate and apply business and accounting concepts to resolve accounting problems involving financial statement preparation and analysis, taxation, management consulting, business law, fraud and fraud detection, and the interpretation of current pronouncements. Explore ethical dilemmas and work toward the development of a personal code of professional conduct. Prepare for the ACAT Comprehensive Exam for Accreditation in Accountancy.

Prerequisite(s): BPA 241 , BPA 261 , and BPA 262 ; or an associate degree in accounting; or permission of department chair.

Course Outcomes
Upon successful completion of this course, students will be able to:

  • Demonstrate knowledge of financial statement preparation
    • Define and identify the accounting principles used for financial statement preparation/presentation
    • Define and identify FASB pronouncements used for financial statement preparation/presentation
    • Identify the differences between cash and accrual bases of accounting
    • Define the discrete areas of the financial statements and the appropriate financial statement accounting for each area. (ie. Cash, Receivables,
      Investments, Inventory, Property, Plant & Equipment, Intangible Assets,
      Liabilities, Equity)
    • Solve problems related to financial accounting issues such as accounting for leases and pensions
    • Prepare financial statements in accordance with GAAP
    • Describe the proper report formats necessary for financial statement engagements
    • Prepare the various reports necessary for financial statement
    • Apply analytical tools to financial statements
    • Interpret the results of financial statement analysis
  • Demonstrate knowledge of analytical tools for decision making purposes
    • Define cost-volume profit analysis
    • Apply cost-volume profit analysis to various business scenarios
    • Prepare an analysis of business scenarios using cost-volume profit analysis
    • Identify the time value of money concepts
    • Apply the time value of money concepts to capital budgeting and capital investment analysis
    • Solve various related capital budgeting and investment analysis problems
    • Prepare budgets and cash flows
    • Perform an evaluation of internal control systems.
    • Perform an overall evaluation for investments and business opportunities
  • Demonstrate knowledge of the general principles on income taxation
    • Identify the basic principles of Federal income taxation
    • Identify the specific principles of individual, partnership, Corporation, SCorporation income taxation
    • Solve basic problems related to individual, partnership, Corporation, SCorporation income taxation
    • Analyze and evaluate the tax issues related to specific problems
  • Demonstrate knowledge of general business law principles
    • Define various areas of general business law.(ie. property, contract, agency, trusts, limited liability entities, UCC)
    • Apply general business law principles to basic problems
    • Integrate the basic business law concepts into accounting
  • Demonstrate knowledge of ethics and professional responsibilities
    • Identify the basic code of ethics for various accounting organizations
    • Differentiate between the various accounting organizations
    • Describe the social responsibility and legal requirements of conduct for accountants
    • Describe the process for continuing professional education for accountants.
Core Competencies
Core 1 Communication Core 2 Technology Fluency Core 5 Self Management Core 7 Quantitative Reasoning Core 10 Innovative and Critical Thinking