"Our Greatest Hits" is an effort to show our readers the most popular - and still avidly read - articles from our archives. This article…
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…
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…
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…
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…
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…
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…
Our Greatest Hits | A look at the modified cash basis
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…
Has the DOL Pushed the ASB Too Far?
Push Back—Now!
In April 2017, the AICPA's Auditing Standards Board (ASB) issued an Exposure Draft Proposed Statement on Auditing Standards (the ED) entitled “Forming an Opinion and…
ICYMI | A Refresher on Accounting for Leases
A Detailed Example under the Proposed Guidance
In Brief FASB’s long-debated exposure draft of a new standard on accounting for leases has raised the possibility that almost all leases will need to…
Birthdays can be important milestones for legal, financial, and tax purposes. For tax purposes, some rules apply on the date of a birthday, some apply…
Federal and state governments have developed the Unemployment Insurance Program, which provides unemployment benefits to certain workers who are not working through no fault of…
The panel began with Cosper outlining recent changes at FASB and its priorities for 2017. She said that the standard on hedge accounting was due…
Our Greatest Hits | Avoiding costly mistakes on guaranteed payments to partners
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…
Two years ago, this author was granted space in these pages to ponder the point of the accountancy profession (Tony Bromell and Martin Martinoff, “What…
This article was adapted for CPAJournal.com. Portions of this article were previously published by professional societies. For a list of resources and information on Hurricane Harvey,…
ICYMI | The New Revenue Recognition Standard
An Illustration of the Implications for ‘Ordinary’ Companies
In Brief After a long period of deliberation and revision, FASB’s new guidance on revenue recognition will soon be a reality for businesses and their…
Much has changed since the PCAOB began its inspection program in 2004. In just the last 10 years, the number of auditing firms registered with…
With the recent devastation caused by Hurricane Harvey, the editors of The CPA Journal thought it appropriate to re-present this article from December 2016…
Form 3520 is an information return for a U.S. person to report certain transactions with foreign trusts [as defined in Internal Revenue Code (IRC) section…
The panel began with a discussion of the new standard for revenue recognition and the process for implementing it. Siegel highlighted some of the more…
Our Greatest Hits | The tax treatment of deferred rental agreements
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…
This article orginally appeared in our July 2016 issue. This issue features our annual coverage of Baruch College's Financial Reporting Conference. Each year, leading regulators,…