Lew Marx

HI THERE! You have reached the home page of ME, an assistant professor of accounting at St. Ambrose University in Davenport, Iowa  

 

My office hours for Fall 2012

My teaching schedule for Fall 2012

      

Links to accounting organizations/sites

 

O'Keefe Library-Best Information on the Net - Accounting

 

NEW: Information about the new computerized CPA Examinations

Requirements to sit for the CPA test in Illinois

          In Illinois, provisional status for taking the CPA test - taking the CPA test while in the last semester of earning 150 hours
Requirements to sit for the CPA test in Iowa

   Students who completed educational requirements at instutions outside the U.S.

 

Transfer Course Equivalencies For transfers to SAU from community colleges

New AICPA independence rules, adopted in August of 2001


CPA Review Courses

 
 Interesting Web sites for accountants and others

          Sample Business Letters -- a wide variety of sample business letters
 A picture of a young accountant
 A picture of a sweet, innocent child, eagerly awaiting the CPA test.
  Pictures of my wonderful cat, the Great Kubla Cat
           A desperate plea from Kubla Kat, day 3946

Auditing - Accounting 304 - link to online quizzes, etc.

MAC 614 - Link to Stickney web site - FSAP

 

Forgot the amount of your 2008 stimulus payment? Go Here!

 

Accounting home page

Master of Accounting home page


Please remember that a great man once said, and I believe it was Ghengis Khan, that a day without accounting is like a day without sunshine. And talk about sunshine -- below is the Accounting Complex of the SAU campus.

All accounting courses are held on the beach or in the clear water. Therefore, all accounting textbooks are sand-proof & water-proof. And do not worry about the sharks. Great whites are deathly afraid of accountants. Don't forget the sun block.

Just kidding -- though SAU is a great place.

Below is Ambrose Hall, which is the main administration building of St. Ambrose University.
 

Office Hours for Fall 2012

But I am in my office much more than just the hours shown above. You are welcome to stop by my office any time -- my door is always open. However, you might want to give me a call first, just to make sure I am in. My office phone number is 333-6186. If for no other reason, you should stop by my office to see the accounting jokes on my door.

Office Phone: 563-333-6186

Cell Phone: 563-343-0252

E-mail Address:  MarxLewisD@sau.edu

Office Location: Room 407 of Ambrose Hall

Schedule for Fall 2012



Links to accounting organizations/sites

        Standard Setting Bodies
Financial Accounting Standards Board
Governmental Accounting Standards Board
Securities and Exchange Commission (SEC)
          Sarbanes-Oxley Act of 2002

          SEC EDGAR System - SEC filing by public companies

                Search EDGAR System for filings

AICPA Auditing Standards
AICPA Code of Professional Conduct
AICPA Ethics Topical Index

          Information about the new computerized CPA Examinations

          New AICPA independence rules, adopted in August of 2001

AICPA Summary of Sarbanes-Oxley Act of 2002

Government Accountability Office - Yellow Book-GAS - 2003 revision

          Summary of  Governmental Auditing Standards

Government Printing Office - Electronic code of federal regulations

International Accounting Standards Board

   List of countries requiring, permitting, or not permitting IFRS

          
        Accounting Organizations You Can Join
AICPA
Institute of Management Accountants
Illinois CPA Society
Iowa Society of CPAs

Association of Governmental Accountants
        Regulatory Boards - requirements to sit the for the CPA test (yeah!)
Illinois CPA Board of Examiners (answers about the CPA test)
Iowa Accountancy Examining Board
        Tax Information
Internal Revenue Service

     Forms and Publications by number

     Prior year forms and instructions
On-line tax forms

     State Tax Forms

      CPA Review Courses

Gleim CPA Review
Wiley CPA Review Home Page
Becker Conviser CPA Review Course
Bisk-Totaltape CPA Review

MicroMash CPA Review

 CPAexcel
         GAO Indedpendence Standards 

GAO Auditor Independence Fact Sheet

AICPA - GAO Independence Rules Comparison

       Other

 Informative Guide to Business Information - great source of information about business! Give it a look

 State/Local links -- Links to all state home pages, and many other state/local/organization links

 Law dictionary-- with definitions and explanations, and terms, phrases, and concepts
 The Benchmark Exchange  -- information on benchmarking
 International Organization for Standardization
 ERP (Enterprise Resource Planning) Fan Club -- info on ERP
 RosettaNet --   RosettaNet is a NFP consortium that develops and deploys XML-based
 standard electronic business interfaces.
 ebXML is an organization whose intent is to provide open XML-based infrastructure that
would enable the global use of electronic business information in an interoperable, secure and consistent manner by all parties.
  XBRL  -- ( eXtensible Business Reporting Langange) home page.  The goal of XBRL is to
  provide an XML-based framework that the global business community will use to
  create, exchange, and analyze financial reporting information.
  The Chicago Board of Trade
  The Commodity Futures Trading Commission
        CFTC glossary of futures trading terms
        Economic Purposes of Commodity Futures

  The Chicago Mercantile Exchange

  The New York Board of Trade   The NYBOT is the parent company of The Coffee,

  Sugar, & Cocoa Exchange, and the New York Cotton Exchange

  The New York Mercantile Exchange

Interesting Web sites for accountants

 Sample Business Letters -- a wide variety of sample business letters
 Accounting Pro2net -- get current information concerning accounting, legal, human resources, or financial planning
 Edgar Online  -- get SEC filings, annual reports, SEC news, information on insider trading, and more
 Electronic Accountant -- get the latest news concerning accountants, news from the Accounting Today magazine.
 discussion groups, Web links, and other interesting information
 GuideStar  -- get information on not-for-profits, including financial statements and form 990
 The Wall Street Journal

Requirements for the CPA test in Illinois (From the Illinois
CPA Board of Examiners home page)
 

A candidate will be deemed to have met the education requirement if, as part of the 150 semester hours of education or equivalent as determined by the Board, he or she has met any one of the four conditions listed below. With each of the conditions listed below, accounting hours do not include business law, and nor more than six semester hours of accounting may be obtained through internships or life-experience.

     1) Earned a graduate degree with a concentration in accounting from a program that
     is accredited in accounting by an accrediting agency recognized by the Board.

     2) Earned a graduate degree from a program that is accredited in business by an
     accrediting agency recognized by the Board and completed at least 24 semester
     hours in accounting at the undergraduate level or 15 semester hours at the graduate
     level or equivalent combination thereof, including courses covering the subjects of
     financial accounting, auditing, taxation, and management accounting.

     3) Earned a baccalaureate degree from a program that is accredited in business by
     an accrediting agency recognized by the Board and completed 24 semester hours in
     accounting at the undergraduate or graduate level, including courses covering the
     subjects of financial accounting, auditing, taxation, and management accounting; and
     completed at least 24 semester hours of business courses, or substantially equivalent
     (other than accounting) courses, at the undergraduate level.

     4) Earned a baccalaureate or higher degree from an accredited educational
     institution or other institution recognized by the Board, including at least 24 semester
     hours of accounting at the undergraduate and/or graduate level with at least one
     course each in financial accounting, auditing, taxation, and management accounting
     and at least 24 semester hours in business courses or substantially equivalent (other
     than accounting) courses at the undergraduate or graduate level.

After the exam at which he conditions, he has three years to write all failed parts and pass the exam. In addition, a candidate who writes for another jurisdiction before January 1, 2001, who met Illinois' educational requirements at the time he wrote the exam is grandfathered under the pre-150 hour requirements. A candidate will have to meet the Illinois' 150-hour requirement if: 1) he writes the exam for the first time in any jurisdiction after January 1, 2001 or 2) at the time of writing the exam in another jurisdiction before 2001 did not meet Illinois' 120-hour total educational/27 accounting requirement, or 3) was provisionally approved to write the exam as an Illinois candidate and did not satisfactorily complete all required courses or submit final required documents.

 

Requirements for the CPA test in IOWA (from the Iowa Society of CPAs home page)

May a candidate in Iowa sit for the CPA exam in Iowa before completing the 150-hour
 education requirement?

Candidates are not required to have 150 semester hours in order to sit for the examination. Candidates may sit for the examination prior to completion of the 150 hours so long as they have earned a baccalaureate degree and have completed the minimum accounting and business hours. (Students in Iowa are NO longer allowed to sit for the examination if they have not yet earned their baccalaureate degree, but will earn it in 120 days.)

Certificates will not be issued until candidates have

    1. completed the 150 educational requirement.

    2. completed one year of qualifying experience.  

 

Credit For Subjects After Computerization
With the implementation of the computer-based CPA Examination, a candidate may take the required test sections individually and in any order. Credit for any test section(s) passed shall be valid for eighteen (18) months from the actual date the candidate took that test section(s), without having to attain a minimum score on any failed test section(s) and without regard to whether the candidate has taken other test sections.

Candidates must pass all four test sections of the CPA Examination within an eighteen (18) month period, which begins on the date that the first test section(s) passed is taken.

Candidates cannot retake a failed test section(s) in the same testing window and shall lose credit for each section(s) passed outside the eighteen (18) month period and must retake that section(s).


EVIDENCE OF EDUCATIONAL QUALIFICATIONS

I. Applicants who have completed the educational requirement at the time of application must:

A. submit to CPA Examination Services relevant official transcript(s) from each institution at which original credittoward the educational requirement has been earned. Applicants are advised to request their transcripts prior tothe submission of the first-time application;

B. .mail official transcript(s) to - CPA Examination Services - IA, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219.

C. If required documentation is not received, the application will be determined to be incomplete and the applicantwill not be permitted to take the examination and will forfeit the application fee paid.

II. Applicants who have completed educational requirements at institutions outside the U.S. must have their credentials evaluated by the Foreign Academic Credentials Services.

A. Foreign Academic Credentials Services, Inc., www.facsusa.com.

B. obtain the form to request this service from the evaluation service.

C. submit to CPA Examination Services the original evaluation. The evaluation of a foreign transcript must be a courseby course comparison to Iowa requirements. Photocopies are not accepted.

D. mail original evaluation to CPA Examination Services - IA, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219.

NOTE: If required documentation is not received, the application will be determined to be incomplete and the applicant willnot be permitted to take the examination and will forfeit the application fee paid.

NOTE: For specific hour and course requirements, please see educational under Requirements for the CPA Test in Iowa

 

 

 



Looking at this picture, who would have thought back then that I would become an accountant.


 

What a sweet, innocent little child I was.  What the heck happened to me?  I even had hair
 back then. Wow!

Below is my beautiful wonderful cat -- the Great Kubla Cat -- excitedly reading GASB #34, a
new standard issued by the Governmental Accounting Standards Board.  You can tell by her
eyes that she is thinking,  "If FASB had just left GASB alone, GASB could have accomplished
this much quicker and simpler.  Maybe I should write another letter to the Journal of
Accountancy."

Below is a picture of Kubla and me, enthralled as we watch the Accounting Channel
 



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Contact Professor Lew Marx for any further information