American Accounting Association Southeast Region Meeting Accounting at a Crossroads March 27–29, 2003 Hosted by The Citadel, the College of Charleston, and Francis Marion University Charleston, South Carolina

Meeting Information | Registration Information | Concurrent Session Schedule
Speaker and Panel Schedule | AAA Travel Discounts | Placement Service

CPE Sessions

1. Thursday, March 27, 8:00 a.m.–11:45 a.m.
Cost: $50
4 hours CPE

Title: Earnings Management: Which Number Did You Want?
Presenter: Thomas E. McKee, East Tennessee State University

Abstract:
This course will briefly review 30 specific, possible earnings management techniques. More than 25 cases of real companies employing different accounting techniques affecting reported earnings will be presented. Ethical issues related to earnings management will be discussed. Research studies covering the prevalence and effectiveness of earnings management will be overviewed. The linkage of earnings management to "Quality of Earnings" and corporate valuation will be explored. The course will conclude with a group discussion of possible future directions for accounting and auditing standard setting and regulatory bodies.

2. Thursday, March 27, 8:00 a.m.–11:45 a.m.
Cost: $50
4 hours CPE

Title: Totally Outrageous Accounting Update
Topic: Accounting Standards Update
Presenter: Russ Madray, CPA, Clemson University

Description:
Using a combination of games and humor, this course covers new accounting standards issued within the past year by the FASB, the AcSEC, and others. Specific topics include exit or disposal activities, stock options, special-purpose entities, mezzanine securities, and more.

3. Thursday, March 27, 8:00 a.m.–11:45 a.m.
Cost: $50
4 hours CPE

Title: Forensic Accounting
Presenter: Lynn Clements, Florida Southern College

Description:
Forensic Accounting is one of the three fastest growing areas of accounting. Educators and CPAs are well-positioned to provide accounting expertise in fraud investigations, business evaluations, divorce proceedings, and in litigation support. This course begins with an overview of fraud according to SAS 82 and SAS 99, followed by an explanation of the types of fraud schemes and fraud investigation methods. The case study approach is utilized for clarification and to stimulate lively discussion. The course concludes with a discussion of forensic accounting engagements and certification in the area of fraud.

4. Thursday, March 27, 8:00 a.m.–11:45 a.m.
Cost: $50
4 hours CPE

Title: Teaching Assurance Services
Presenter: Douglas E. Ziegenfuss - Old Dominion University

Description:
In the wake of the recent financial scandals, the teaching of assurance services is a very important curriculum issue for accounting programs. This half-day workshop will help accounting educators focus on this issue by covering the following topics: (1) the placement of assurance services courses in the curriculum, (2) the content of a basic assurance services course, (3) the content of the financial auditing course, (4) the content of the operational auditing course, (5) the content of the fraud examination and forensic accounting course, and (6) the content of the information technology course. Participants will be given course syllabus and contact information for obtaining course materials.

5. Thursday, March 27, 11:45 a.m.– 5:30 p.m. (ending time is approximate)
Cost: $50
4 to 5 hours CPE

Title: Industry Field Trip - Nucor Steel; Scout Boats
Topic: Site visits to manufacturing plants; an integrative, multi-disciplinary learning experience
Coordinator:Mary Greenawalt, Francis Marion University

Description:
Here's your chance to learn more about production/operations/management/accounting in a field visit to Nucor Steel and Scout Boats. I've taken undergraduate and MBA students both these places previously for a fascinating learning experience.

The Scout Boats manufacturing facility tour lets us see the production of fiberglass fishing boats. Our visit with the controller will provide interesting details about how she designed an accounting system to fit the needs of this formerly small mom-and-pop operation.and then updated the system to handle the needs of this growing business.

At Nucor we will see both the cold mill and the beam mill, which provide examples of two different types of production processes and necessitate different accounting methods, job order and process costing. Individual headsets for plant tour participants enhance the experience. Along with the manufacturing tour, we will have the valuable opportunity to learn about management practices and accounting at Nucor from beam mill manager and the plant controller.

Note: 1. Registration is limited; sign up early to reserve your space. 2. Lunch is provided. 3. Participants should dress appropriately for an industrial environment and be prepared for walking. Recommended attire: casual clothing such as jeans; long sleeves, long pants, and good walking shoes.

6. Thursday, March 27, 1:15 p.m.–5:00 p.m.
Cost: $50
4 hours CPE

Title: Web-Enhanced Teaching: Using WebCT in the Accounting Classroom
Topic: Use of Online Resources, Activities, and Exams
Presenter: Patricia Isaacs, Berea College

Description:
Since the Fall 2001 semester, I have used WebCT, an online course management tool, to provide online course information, assignments, and quizzes and exams for traditional accounting principles, intermediate accounting, and income tax classes. Syllabi and calendar information are available to students on demand. Writing assignments, Excel problems, and TurboTax assignments are submitted online. End-of-chapter quizzes and exams are given online, and students are able to view results immediately upon submitting their answers. Student response to the use of WebCT in these ways has been quite favorable. The workshop will demonstrate for participants the use of WebCT in my courses. Examples of syllabi, assignments, and exams will be given. Advantages and disadvantages of publisher ePacks will be explored. Student comments concerning the use of WebCT will be shared as well.

7. Thursday, March 27, 1:15 p.m.– 5:00 p.m.
Cost: $50
4 hours CPE

Title: So You Wish To Be An Expert Witness
Topic: Forensic and Investigative Accounting
Presenter: Larry Crumbley, Louisiana State University

Description:
This course will begin with an introduction to the Federal Rules of Evidence. There will be a survey of the general concepts of judicial procedure and evidence applicable to forensic accounting and coverage will compare civil procedure to administrative proceedings, alternative dispute resolution, professional responsibility and ethics, admissibility of expert opinions, and potential liability of the forensic accountant. The importance of expert reports writing procedures, the expert report requirements and expert report preparation will be outlined. The challenges to expert testimony and dealing with "Daubert Motions" will be presented.

8. Thursday, March 27, 1:15 p.m.– 5:00 p.m.
Cost: $50
4 hours CPE

Title: See Cash Flow
Topic: The Statement of Cash Flows: The Case for Using The Direct Method (and How to Create It Using Microsoft Excel^®)
Presenter: Mark J. Weisberger, CPA

Description:
FASB 95 recommends using the direct method for the presentation of a company's cash flow statement, yet organizations hardly ever use this method. See Cash Flow makes the case for using the direct method cash flow statement with a realistic scenario. The course continues with an explanation and demonstration of how to create the statement using Microsoft Excel. For a more detailed course description, go to the web site http://www.ab-cpe.com.

Note: To take full advantage from the session, participants should bring a computer loaded with Microsoft Excel.

9. Thursday, March 27, 1:15 p.m.– 5:00 p.m.
Cost: $50
4 hours CPE

Title: The First Accounting Course (for MBAs): A Total Redesign
Presenter: Ronald J. Huefner, State University of New York at Buffalo

Description:
This seminar will introduce you to a totally different way of organizing and teaching the first accounting course - a "models" approach. Choice of specific models to be covered will depend on the focus of the course, the length of the course, and its role in the curriculum. Among the models to be discussed are:

• Cash Flow Model
• Discounted Cash Flow Model
• Cash Income Model
• Accrual Income Model
• Working Capital Model

For each, specific topics covered will be described. Cases and assignments that support this approach will also be covered. Though this approach precedes the Albrecht-Sack Report, I believe it is entirely consistent with the recommendations of that report, and is a tested example of how we can restructure accounting education.

By the end of this seminar, you will have a new view of how the first accounting course can be successfully offered. While I have taught this approach to MBAs, I believe it can be successfully delivered to undergraduates as well.

10.Thursday, March 27, 1:15 p.m.– 5:00 p.m.
Cost: $50
4 hours CPE

Title: Totally Outrageous Assurance Update
Topic: Assurance Standards Update
Presenter: Russ Madray, CPA, Clemson University

Description:
Using a combination of games and humor, this course covers new standards issued within the past year by the Auditing Standards Board and Accounting and Review Services Committee. Specific topics include consideration of fraud, interim reporting, controllership activities, and more.

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