Feeds:
Posts
Comments

Archive for the ‘Miscellany’ Category

Miscellany — interesting items that caught my eye during the week.


Michelle Golden headlines this week’s gems.  Her recent post, “It’s Time to Stop Talking About ‘Women’s Issues’ in Business,” makes a good and valid point.


Torben Rick posted a link to this story on a SMinOrgs, a LinkedIn group to which I belong.   Although he published it in April, 2011, it is as interesting today as it was back then.  “3 Types of Twitter Failure and Disasters.


SMinOrgs (Social Media in Organizations) has several boards at Pinterest, one of which is devoted to social media infographics.  It has now pinned 100 of these to its board.  It’s kind of fun to look through these.


Although SMinOrgs (Social Media in Organizations) has a web site and blog, it chose to publish “Managing Employer Risks in the Digital Era: 4 Recent Stories” on its Tumblr site.  Very interesting choice of location.


Debit and credit – – David Albrecht


Want more of The Summa? Sign up to receive email notification of posts. And please follow me on Twitter (@profalbrecht).

Read Full Post »

Miscellany — interesting items that caught my eye during the week.


Francine McKenna is the dean of the accounting bloggers with her re: The Auditors blog.  She never disappoints.  Her comments in “More Sarbanes-Oxley Anniversary Thoughts, ” should be read.


Mark Holtzman, Accounting Department chair at Seton Hall, is an exceptional example of today’s social media enabled professor.  He has three blogs, a twitter feed and a YouTube channel.  Wow.  You don’t want to miss the essay I asked him to write, “Rise and Fall of the Gatekeepers -or- Why I Blog.”  I write more on this later.


Edith Orenstein, FEI Financial Reporting Blog, has published her thoughts following a blogging panel at the American Accounting Association Annual Meeting earlier this week.  Please read, “What Catanach, Albrecht, Holtzman and I Had to Say at AAA.”


Rick Broida at PCWorld writes, “Save a Web Page as a PDF with Just One Click.” He recommends Web2PDF. It’s handy.


Bob Jensen (retired professor from Trinity U) writes, “As the textbook purchasing season begins, I noticed that Amazon.com has free two-day shipping for college students.  I did not investigate the terms and limitations of this offer or whether it applies to used books and food items as well as new books.”  I’ll be sure to e-mail my students about this.  Why don’t you?


Some of you might like, “Top 100 Motivational Quotes of All Time!”  Any more, I need motivation to get out of bed in the morning.


Debit and credit – – David Albrecht


Want more of The Summa? Sign up to receive email notification of posts. And please follow me on Twitter (@profalbrecht).

Read Full Post »

Miscellany

Miscellany — interesting items that caught my eye during the week.


Patty Keegan is spot on in her article for Marketing Magazine (Australia).  Her “The executive tweet – why CEOs should use social media,” is excellent.


Ed Ketz and Tony Catanach, the Grumpy Old Accountants, have an excellent piece in, “Who Really Cares About Auditor Rotation? Not Us!” They reason that “Any auditor’s report (the current or improved version) should be supplemented with a detailed “audit engagement” report that will allow investors to make up their own minds about the quality of a company’s audit.”


The Accounting Today has announced the inaugural winner of its contest for Accountant of the Month.  The winner is Darlene Finzer, a principal at the Ohio CPA firm Rea & Associates.  The purpose of the award is to recognize an accountant who is the polar opposite of dull and boring.  Finzer has two claims to fame.  First, she grows donkeys.  Second, she works on the pit crew for her nephew’s go-kart races.


Have you seen the latest video featuring Gwen Jorgensen?  Gwen Jorgensen is the Olympic accountant.


Lindsey Pollak writes for the LinkedIn Blog.  Her recent entry, “How to Showcase Your Personal Brand on LinkedIn: 8 Tips,” is a good reminder that LinkedIn is a terrific tool for presenting your personal/professional brand.  I need to tweak my LI profile.


Debit and credit – – David Albrecht


Want more of The Summa? Sign up to receive email notification of postsAnd please follow me on Twitter (@profalbrecht).

Read Full Post »

Miscellany — interesting items that caught my eye during the week.


Francine McKenna of @re: the Auditors was up to bat and she clobbered it out of the park in, “Big Four Auditors and Jury Trials: Not In The U.S.

A big part of the audit problem in the USA is not being able to sue audit firms.  The risk of legal loss seems to be the only thing that can keep them honest.  Because Francine explains their lack of legal loss, in my opinion they don’t stay all that honest.


Terri Eyden of the Accounting Web has a nice write-up of an interesting survey in, “Global Survey on Business Ethics.”  The survey was conducted by the American Institute of Certified Public Accountants (AICPA) and the Chartered Institute of Management Accountants (CIMA),


Sue Shellenbarger writes about the explosion of bad grammar in office conversations, messages and reports in, “This Embarrasses You and I: Grammar Gaffes Invade the Office in an Age of Informal Email, Texting and Twitter.”  I agree that most people write in an embarrassingly poor manner.


Courtney Shelton Hunt, founder of Social Media in Organizations, has a must read article for everyone on Twitter.  In, “15 Twitter “Worst Practices” for Rookies (and Others) to Avoid,” Hunt lists mistakes that many make.  Even me.


Isabel Sales is co-author of one of the world’s top accounting blogs, Contabilidade Financeira. In English, it would be called Financial Accounting. Her co-authors are Cesar Tiburcio and Pedro.  Isabel lives and works in Brasilia, Brazil.

I have followed Contabilidade Financeira for years to gain insight into Brazilian world of accounting.

Her latest blog post is on a video about how Millenials differ from prior generations.  It is titled, “Você faz o que gosta?” (You do what you love?).  She writes, “Um vídeo que nos faz refletir, inspira e diverte. PERFEITO!” (A video that makes us reflect, inspire and entertain. PERFECT!).

[http://vimeo.com/44130258]

Hint:  If you don’t speak Brazilian Portugese but want to surf Brazilian accounting sites, use Google Chrome.  It has an effective translation mechanism.


Debit and credit – – David Albrecht


Want more of The Summa? Sign up to receive email notification of postsAnd please follow me on Twitter (@profalbrecht).

Read Full Post »

Miscellany — interesting items that caught my eye during the week.


Dan Ariely earns the lead spot in this week’s Miscellany.  In an essay published in last Friday’s Wall Street Journal, he explains, “Why We Lie.”

I’ve been refining my thoughts on financial psychopathy, and Ariely’s research is consistent with my emerging theory.


Jim Peterson of re:Balance delivers bad news in, “Inaction Prevails Again — The European Parliament Defers on the Auditors.”

I’ve written time and time again about how the audit model is fatally flawed.  Auditor opinions provide almost no information and almost no protection to investors seeking credible financial information upon which to base their decisions.

I got my hopes up when Michael Barnier came upon the scene and introduced proposals that for the first time in decades had a chance of improving audits.  I knew it was a long shot, but what the heck?

It looks like big audit will win again, which means that investors will lose again.


Kevin Slavin is a physicist who works as a Wall Street quant.  Quants develop mathematical and computer models for high volume stock trading.

His TED Talk is mesmerizing.


Paul Barnwell has been there, done that, and apparently won’t do it again.  His essay at Education Week Teacher reveals a different perspective in, “Why Twitter and Facebook Are Not Good Instructional Tools.”


OnlineCollege.org has a nice story, “15 Flipped Classrooms We Can Learn From.”


Debit and credit – – David Albrecht


Want more of The Summa? Sign up to receive email notification of posts.  And please follow me on Twitter (@profalbrecht).

Read Full Post »

Miscellany — interesting items that caught my eye during the week.


Little girl (age 9) from Scotland starts blog, NeverSeconds. It goes viral!

Gotta read, “Little Girl’s Lunch Review Blog Persuades Her School to Serve Healthier Meals.”

If blogs can be written by a 9-years-old girl and can evoke change, then why is it difficult for so many professors and accountants to get started?


Wow!  I picked a winner.  From BusinessInsider, “Google Chrome Just Passed Internet Explorer To Become The World’s Most Popular Web Browser.”

Google Chrome has been my browser of choice for the past 12-18 months.  Prior to that it was Firefox.  Prior to that, I don’t remember.  Oh, I sometimes use Opera.


No surprise here.  From Forbes, “IBM Study: If You Don’t Have a Social CEO, You’re Going to be Less Competitive.”

I’m sure the same characteristic applies both to CPA firms and individually to accounting and finance professionals.  Hint:  a firm hiring an outsider to do all social media activity is not the same as having a social CEO.


Unbelievable!  So says Francine McKenna.  So say I. From Bloomberg, “SEC Staff Ends Probe of Lehman Without Finding Fraud.”


The final item in this week’s list comes from Caleb Newquist of Going Concern. Caleb’s blog is so well done, he was named to Accounting Today‘s list of most influential people in accounting.  In his story, “The Dixon, Illinois Fraud Is the Latest Example of Why Reasonable Assurance Is Bullshit,” Newquist is highly critical of today’s audit:

See? Audits can be great and fraud can still happen! And we wouldn’t be shocked! OR audits can suck and fraud can still happen! And we wouldn’t be shocked! There’s really nothing you can do. The good professor knows, as all auditors, that most people out there don’t have any idea of what an audit really is. Fine, an expectations gap. It’s a crock, but again, there’s really not much you can do about it. You an try to explain to your cousin in Dixon why it’s not the auditor’s job to detect frauds like this and (s)he would look at you, confused, and say, “Then what good is it?” AHA!


Debit and credit – – David Albrecht


Want more of The Summa? Sign up to receive email notification of posts.  And please follow me on Twitter (@profalbrecht).

Read Full Post »

Miscellany — interesting items that caught my eye during the week.


From Bloomberg Businessweek, “Top B-School Stories of 2011.”


Real Life Adventures, a nationally syndicated daily cartoon strip by Gary Wise and Lance Aldrich, perfectly catches the fundamental flaw of the audit model on December 8, 2011.


I like “The Promise and Perils of Academic Blogging,” a think-piece by W. Bradford Littlejohn at The Sword and the Ploughshare.


Ed Ketz and Tony Catanach share their “A Christmas List for Grumpy Old Accountants.”  I hope they get everything they ask for.


Tom Selling shares his dreams if he were the SEC’s Chief Accountant in “IFRS Convergence: Let’s Play ‘Chief Accountant for a Day’!


The Institute of Management Accountants, caretaker for the Certificate of Management Accounting, has its complaints aired about the AICPA’s plan for a competing credential in the AccountingWeb article “IMA Ready to Compete with AICPA/CIMA Management Accounting Designation.”


Debit and credit – – David Albrecht

Read Full Post »

Older Posts »

Follow

Get every new post delivered to your Inbox.

Join 103 other followers

%d bloggers like this: