In the past few years, three major accounting standards—revenue recognition, leases, and financial instruments—have been the subject of discussion and preparation for CPAs across the country. Last December, The CPA Journal held a roundtable on the state of financial reporting at the NYSSCPA’s offices. Present for the discussion were Baruch Lev, PhD, professor of accounting and finance at New York University, whose The End of Accounting blog can be found at; Vince Love, CPA/CFF, CFE, chairman of VJL Consulting LLC and frequent CPA Journal contributor; Jane Soong, CPA, CFA, corporate controller at Scynexis; and Ramona Cedeno, CPA/CGMA, founder of FiBrick Financial Services.

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