welcome orientation dr. richard s. savich, cpa …agsm.ucr.edu/pdf/mpac_orientation.pdf · welcome...
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Master of Professional Accountancy
Welcome Orientation Dr. Richard S. Savich, CPA Academic Director Fall 2013
What to Expect Over the Next Year Interact with your fellow students Develop relationships with your professors Further your knowledge about America, China, Taiwan, etc. Study Accountancy to become a global accountant Start your career Become part of the UCR family
What We Expect of You Discover, Learn & Develop Be respectful (students, professors, others you meet) Do your homework, pass your tests, make presentations, write papers Adhere to the Code of Academic Integrity Graduate with honors Start a career Become part of the UCR family
Learning Goals
• Accounting/Auditing, Tax or Information Systems Skills
• Professional Integrity / Ethical Reasoning Skills
• Global Context Skills • Technology Skills
Accounting/Auditing, Tax or Information Systems Skills
Criteria Exemplary
Gain a working knowledge of on-line tax research
Student identifies all the primary and secondary authorities and locates the tax material from the on-line tax research service.
Understand relevant cost concepts and quantitative techniques that can assist management in variety of decision-making processes
Identifies a firm with unique cost management procedures and describes how the firm has implemented them.
Understand the audit risk model and its components
Uses terms risk of material misstatement (or inherent risk and control risk) and detection risk appropriately. Identifies over 90% of the relevant risk factors from the case.
Professional Integrity/ Ethical Reasoning Skills
• Students will be able to recognize ethical issues, demonstrate familiarity with alternative frameworks for ethical reasoning, and recognize trade-offs and implications of employing different ethical frames of reference when making business decisions
Ethical Reasoning Rubric
Criteria Exemplary
Ethical Self Awareness Student discusses in detail/ analyzes both core beliefs and the origins of the core beliefs and discussion has depth and clarity.
Understanding Different Ethical Perspectives/ Concepts
Student names the theory or theories, can present the gist of said theory or theories, and accurately explains the details of the theory or theories used.
Ethical Issue Recognition Student can recognize ethical issues when presented in a complex, multilayered (grey) context AND can recognize cross-relationships among the issues.
Application of Ethical Perspectives/ Concepts
Student can independently apply ethical perspectives/ concepts to an ethical question, accurately, and is able to consider full implications of the application.
Evaluation of Different Ethical Perspectives/ Concepts
Student states a position and can state the objections to implications of and can reasonably defend against the objections and implications of different ethical concepts and the student's defense is adequate and effective.
Global Context Skills
Students will be familiar with major economic, social, political, and technological trends influencing foreign investment and development of the global economy and demonstrate an understanding of the cultural, interpersonal and analytical skills required for engaging in global business activities
Global Context Rubric
Criteria Exemplary
Knowledge
• Understands multifunctional global issues • Argues pro and con • Effectively critiques issues • Examines inconsistencies • Demonstrates value of information
Exposition
• Uses reasonable judgment • Succinct explanation • Main arguments are stated • Substantial depth of exposition
Analysis
• Discusses issues • Formulates conclusions • Justifies conclusions • Questions validity of information • Shows intellectual honesty
Technology Skills Students will be able to integrate and apply the tools and techniques of business, drawing on a broad-based knowledge of the major functions (accounting, economics, finance, information systems, marketing, operations management, and strategy) to solve complex business problems and make sound business decisions
Technology Rubric
Criteria Exemplary Students can conduct an analysis of a business problem requiring an IT solution.
Thorough understanding of business principles and IT applications for value creation.
Students can construct an economically feasible IT solution to create value.
Advanced understanding of value based decision making and efficient project management.
Students can demonstrate proficiency in the use of current information technology.
Ability to demonstrate advanced use of hardware, network, and business applications.
Students can critically evaluate, analyze and interpret information to solve problems.
Demonstration of superb critical thinking skill to produce valuable information.
Students can apply theories related to IT-enabled strategies and organization design.
Superb ability in using business and IT strategies to improve organizational effectiveness.
Required Courses to take MGT 225 – Professional Accounting and Auditing Research
Weaver (Fall 2013) MGT 229 – Accounting Ethics and Professional Responsibilities
Savich (Spring 2014) MGT 240B – Advanced Taxation
Weaver (Winter 2014) MGT 278A – Foundations of Auditing and Assurance Services
Munsif (Fall 2013) MGT 278B – Information Technology Auditing and Assurance
(Spring 2014)
Highly Recommended Elective Courses to take MGT 204 – Cost and Management Accounting
Mishra (Fall 2013) MGT 226 – Fraud and Forensic Accounting
Friedman (Spring 2014) MGT 240A – Taxation
Weaver (Fall 2013) MGT 241 – Accounting Systems and Controls
Savich (Winter 2014) MGT 245 – Financial Statement Analysis
Savich (Winter 2014) MGT 278C – Internal Auditing
Munsif (Winter 2014) Plus one course of your choice
See http://agsm.ucr.edu/mpac/curriculum.html for listing
Course Schedule (2013 – 2014) Fall Winter Spring
MGT 225 MGT 240B MGT 229
MGT 278A MGT 278C MGT 278B
MGT 204 MGT 245 MGT 226
MGT 240A MGT 241 Elective
Comprehensive Exam Given at end of spring quarter Prepared and graded by faculty Covers all required courses Integrated questions, not necessarily course specific Need to pass to graduate
How to Make the Year Enjoyable Team Spirit
In classes In AGSM
The Accounting Club Local Lingo
In classes With friends
Out and about Southern California The rest of the US
Be curious about people
In the neighborhood Wherever you go
Be a foodie The Freshman 15
Prepare, prepare, prepare
Resume Practice
30 seconds about you Develop an elevator speech
Elevator Speech 30 seconds
Longer than a Tweet ≈60 words
Memorable Get people to want to know you Speak slowly, clearly and loudly
When do you use it? Asked to introduce yourself at a meeting When professors ask, “Who are you?” Before a presentation When meeting new people All preparing you to interview and start your career
Start at the Top Who you are What you do Whom you do it for How you do it What happens as a result
Go to the Bottom I’m a/an fill in the blank with your job title
Student at University of California Riverside in the Master of Professional Accountancy program
And I want to work with now mention your potential organizations or companies
Government, CPA firm, Entrepreneurial company, etc. Which want to become, increase, learn, improve So they can now name some benefit or result that you can provide Sell yourself Sell, sell, sell
Develop your own Take 10 minutes Test on your classmates Be prepared to give your elevator speech
CPA Exam Requirements Beginning 1/1/14
36 units accounting subjects Accounting Financial Reporting Auditing Financial Statement Analysis Taxation External and Internal Reporting
36 units business related subjects 30 units accounting study
Completion of Masters degree constitutes equivalency 15 units ethics study
Exam Sections Auditing and Attestation Business Environment and Concepts Financial Accounting and Reporting Regulation
CIA Certification Requirements Bachelors Degree Pass Exam 24 months experience
Masters degree 12 month experience
Exam Sections Internal Auditing Basics
IIA Mandatory Guidance Internal Control and Risk Tools and Techniques for Conducting the Internal Audit Engagement
Internal Audit Practice Managing the Internal Audit Function Managing Individual Engagements Fraud Risks and Controls
Internal Audit Knowledge Elements Governance Risk Management Organizational Structure and Business Processes Communication Leadership IT/Business Continuity Financial Management Global Business Environment
CMA Certification Requirements Bachelors Degree Pass Exam
Financial Planning, Performance and Control Planning, Budgeting and Forecasting Performance Management Cost Management Internal Controls Professional Ethics
Financial Decision Making Financial Statement Analysis Corporate Finance Decision Analysis and Risk Management Investment Decision Professional Ethics
Two Years Experience
My Contact info Dr. Richard (Dick) S. Savich, CPA Anderson Hall 133 (951) 827-6448 [email protected] Office hours (Winter 2014)
12:45 – 3:30 pm TR