FEI Blog Releases New Music Video

Edith Orenstein, who authors the FEI Blog, has collaborated with singer Steven Zelin (Singing CPA) in a slick production of “Hey There Bob Pozen.”  It is their second collaborative project. “Hey There Bob Pozen” is timed to coincide with the third anniversary of the release of the Pozen Committee report (August 1, 2008), formally called Final [...]

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LinkedIn for Accounting and Business Students

This article has been accepted for publication in the American Journal of Business Education. LinkedIn for Accounting and Business Students [Abstract] LinkedIn is a social media application that every accounting and business student should join and use. LinkedIn is a database of 90,000,000 business professionals that enables each to connect and interact with their business [...]

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To Plank or Not to Plank

Plank (verb) – to lay face down, appearing stiff as a board, on floor or suspended between two objects (such as camels).  Conjugation:  I plank, I planked, I am planking.  You plank.  You ‘da plank! Writing a post about planking is nearly as ridiculous as getting caught in the act. Two of my favorite writers, [...]

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A: Now the Most Common Grade in College

In this article I review and comment on a recently published study about patterns of grades assigned by professors.  the study reports that currently, 43% of the grades assigned in college are As (in private schools, 49% of all grades are As).  The trends reported provide evidence in support of a theory of grade inflation. [...]

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Memories

There is a possibility of my moving to a new school in a year.  My wife has already started cleaning out closets and basement.  It must be garage sale time! When my stuff goes on the block, as it is later today, I get very sentimental.  Dozens of old jigsaw puzzles command their own table. [...]

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The Story Behind Sorkin’s TBTF

Andrew Ross Sorkin became solidified his position as a celebrity reporter when he wrote, Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System—and Themselves. Even if you haven’t read the book, you’ve been affected by it.  The story told in Sorkin’s TBTF has informed and influenced [...]

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Is IFRS for Criminals?

Lost sight of in the SEC push to adopt IFRS is the primary reason for adopting it.  In “IFRS Is for Criminals,” Ed Ketz and Anthony Catanach of Grumpy Old Accountants remind us. In their essay, the grumpies let it all hang out:

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#FF from ProfAlbrecht

#FF is a Twitter convention that I’ve come to appreciate. Technically, #FF is the symbol for FridayFollow.  However, when I see it I always think “FridayFriend,” “FondFriend,” “FollowFriend,” and “FabFriend.”  But it’s Twitter we’re talking about, not FB. Social Media, by Themelis Cuiper, has a nice description: #FF is a shout out, a show of appreciation, [...]

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SEC Roundtable on IFRS, Live Blog

Keep refreshing this page to see latest updates. This is a live blogging exercise.  If a coma sets in, as I expect, then this will be a dead blogging experience by 4:00 ET. 10:15  First, a round of opening statements. Neri Bukspan, Executive Managing Director, Standard and Poor’s.  S&P  wants everyone, including US, on IFRS. [...]

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Dear Professor

Dear Prof. Albrecht: Sarbanes-Oxley promised big fines and jail time for executives who signed false financial statements. But so far there have been no prosecutions. How about Fannie Mae, Freddie Mae, AIG, Lehman Brothers, Bear Stearns, Countrywide, Merrill Lynch, etc.? Attorney General Holder needs to start prosecuting ASAP. Sincerely, Carl Olson Dear Carl, I agree.  A law [...]

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