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Archive for January, 2010

Today I shine a bright light on some blog posts that are not only interesting, but also imaginative and compelling.   More than posts, they truly are articles in the fine tradition of business journalism.   They are examples of a powerful force in accounting news. In a perfect world, everyone would have a focus [...]

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The principals of the federal government’s regulatory regime–the administration under President Obama, the Treasury under Geithner, the Federal Reserve under Bernanke, and the SEC under Schapiro–have locked arms and stepped out in unison chanting the mantra that the United States should move swiftly and irreversably to a single set of global accounting standards.  But not [...]

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[I have removed the name of the Tweeter to whom I responded in this blog post.  He has indicated his displeasure for being named.  Mr. XX, sorry to have mentioned your name in the first place, despite the fact that you are a public persona.] A fellow with a Twitter account directed some derogatory-GAAP toward [...]

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Lest I Forget

Accountants have a sharp eye.  They can look through a book of accounts, add up a few numbers, and find the problem with unerring accuracy. ! How do they do that?  And they proudly proclaim the source of the problem to one and all.  Wonder how the source feels about that? Q:  When was the [...]

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The push for IFRS continues on, unrelenting, like the steady flow of the Mississippi River.  We have all noticed it.  Switching the United States from U.S. GAAP to IFRS is desired in the U.S. only by large audit firms, CEOs of large multinationals, and SEC regulators and their staffs.  Investors, rank and file accountants and [...]

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Here is a list of my scheduled presentations, as well as the books/videos on my bed stand.

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I received an e-mail from Rob Pierson, a Democratic Congressional staffer in Washington, D.C., asking if I would get the word out on tax benefits for Haiti donations.  I said yes, so here it is (indented and in green font):

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I wonder why the push for a single set of global accounting standards is so powerful when accounting theorists are all so dead set against it.  Why?  Oh, why? Today I’m on a fishing expedition.   Sometimes I throw things out to see if others think the same way.  I certainly think the following essay [...]

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It’s Saturday night.  I’m in a somber mood.   GAAP is dying, and there seems nothing better than to get punch drunk and remember all the good times.   So I have broken out a bag of Sun Chips (original flavor) and a can of Diet Coke (caffeinated, of course) and am ready to blog [...]

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Accounting and/or financial blogs are a big deal.  As the world evolves and becomes faster paced, long-lived jobs will disappear.   We accountants will adapt by piecing together a career from many project-length opportunities.  I believe it will be a matter of professional life or death for accountants to get on top of evolving current [...]

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On Developing a Worldview is proving to be a blog essay with legs.  It’s time to reveal the impetus for that piece.  In waning days of 2009, I received an e-mail: Hello Professor Albrecht, My name is Garrett D.; I am a recent graduate of an undergraduate accounting program currently serving in public practice as [...]

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Just like anyone else in our fast paced world of American on the Internet, I have many things tugging for my attention and too little time to do them all. Professors potentially have many task masters, and being a blogging professor means asking for a never-ending work load. The purpose of today’s blog piece is [...]

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