In contemplating the nuances of why financial planning makes sense for CPAs, I thought of the old story about the ship with the stubborn captain.…
For most students, the price of higher education is steep and getting steeper. Annual increases in the cost of higher education have consistently outpaced the…
FASB News Report: Revenue Recognition Implementation Delays Could Stall IPOs The majority of private companies contemplating initial public offerings (IPO) are not prepared to for…
Accounting for Leases under the New Standard, Part 2
Lessor Accounting, Changes in Lease Terms, Practical Expedients, and Preparation Tips
In contrast to the lessee model, the lessor model under FASB's new lease accounting standard has three different types of leases: operating, sales-type, and direct…
At the request of the editors of the CPA Journal, insurance expert, Barry Zalma updated his blog for the benefit of our readers. In 2008, he…
Much has been written over the past several years, and especially in the last few months, about the evolving role of the CFO in the…
Digital Currency: Market Value of Bitcoin, Ethereum, and Litecoin
Taxation, Enforcement, and the John Doe Summons
Several years ago, the IRS started its successful takedown of secret Swiss banking with the use of a John Doe summons. Currently, it is trying…
In Brief How much practical experience an accounting professor needs to be an effective educator has been a longstanding question within the accounting academy. Research…
Our Greatest Hits | The ACE depreciation adjustment – coping with “simplification” (adjusted current earnings)
From The CPA Journal Archives
"Our Greatest Hits" is an effort to show our readers the most popular - and still avidly read - articles from our archives. This article…
ICYMI | Prescribing an Accounting Curriculum
Shaping a New Vision for Accounting Education
The lack of professional unity in the accounting profession has led to external influence over the shape of accounting education. Unified leadership would better serve…
From Practitioner to Professor
What I Learned in my First Years of Being a Professor
Universities are facing a significant shortage of qualified accounting faculty, and many existing faculty are close to retirement age. Working as a professor is not…
In Brief As the demands placed on professionals in all fields continue to change rapidly, particular attention has been paid to accounting education programs. There…
In 1990, William Weiss wrote “What's Going On in Business Schools?” (Management Accounting, May 1990), a critical look at a business and accounting academic environment that did…
FASB News Federal Reserve Urges Bankers to Move Quickly Implementing Credit Loss Standard Joanne Wakim, the Federal Reserve’s chief accountant, urged banks to not waste…
The Computer Crime Research Center defines cyber-crime as “the commitment of crime using electronic technology means.” It can be a theft of assets, a destruction…
Corporate activities in 2017 were in many ways different from those of 1997. There were approximately 46,000 multinational corporations (MNCs) in 1997, 80,000 in 2011,…
Fraud prevention is a critical and ongoing consideration for companies all over the world. According to the 2016 Report to the Nations on Occupational Fraud and…
SLT | Understanding Click-Through Nexus
States Seek to Collect Sales and Use Taxes from Remote Vendors
In today's economy, with its frequent changes in technology and consumer sophistication, states are increasingly following in each other's footsteps by adopting click-through nexus laws,…
Forté Capital’s Selected Statistics
N.Y. Empire State Manufacturing and Homeownership
Baruch Lev recently reported in his article, “Surprise: Investors Like Non-GAAP Earnings” (Seeking Alpha, Apr. 6, 2017, http://bit.ly/2uDDqo9) that his analysis of a sample of S&P 500…
When hiring a new team member, the most important thing is cultural fit. New hires can be trained to do just about anything in accounting…
The recent cyber attack on Equifax highlights the significant need for accountants to understand one of the most critical issues facing firms and their clients…
Casualty Loss Deductions and Other Hurricane-Related Tax Benefits
Updated for Hurricanes Harvey and Irma
Editor's Note: This article was originally published in February 2013 as "Casualty Losses for Property Damaged by Hurricane Sandy" and has been updated to address…
More Accounting Changes
Financial Reporting through the Age of Crisis and Globalization
This book is part autobiography and part chronicle of recent events in accounting standards setting. The book follows Herz's role as the chair of FASB…
Guidance for Credit Card Receivables to Receive Another Look
FASB/ISAB News
FASB News Guidance for Credit Card Receivables to Receive Another Look As banks prepare to implement FASB’s amended standard for loan loss accounting, the board…
Our Greatest Hits | Charitable Contributions
An Analysis of Estates’ and Trusts’ Responsibilities
"Our Greatest Hits" is an effort to show our readers the most popular - and still avidly read - articles from our archives. This article…
ICYMI | The State of FASB’s Simplification Initiative
Toward a Simpler GAAP
In Brief In recent years, FASB has made a priority of removing unnecessary complexity from FASB's accounting standards. The author gives a detailed accounting of…
Concerns regarding litigation over excessive 401(k) plan fees and conflicts of interest dominate the current thinking of plan fiduciaries. More plan sponsors are engaged in…
Annual Review Meetings
How to Get Individuals to Act
Annual reviews are crucial to all estate and financial plans; it is important for individuals to keep their trusted advisors abreast of any life event…
Financial Reporting Issues for Preparers
Highlights from the 16th Annual Baruch College Financial Reporting Conference
The panel began with Thuener discussing the complexity of reporting standards from a preparer's point of view. Thuener attributed this complexity, in part, to the…