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An Accounting Song

An Accounting Song

[Christmas Season]  I’ve been listening to Christmas music for a few days, but haven’t heard this one.  You know the tune.  Check back every so often for a new stanza.

On the twelth day of Christmas my true love gave to me,

Twelve happy accountants,
Eleven audit errors,
Ten digit keypads,
Nine green eye shades,
Eight accounting standards,
Seven tacky tick marks,
Six degrees / convergence,
Five pencil stubs,
Four accounting giants,
Three cups of coffee,
Two much expense,
And a debit where a credit ought to be.

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[Riverside, California]  Top Management Degrees, a website devoted to providing information about B-Schools, on November 13, 2013, released its list of “50 Most Beautiful Business Schools in the World.”

Many top universities from around the world have their B-Schools recognized.  Pretty much, it is a Who’s Who of the world’s top B-schools.

However, a newcomer in more ways than one has topped the list at #1:

Tom and Vi Zapara School of Business
La Sierra University
Riverside, California, USA

The Zapara School of Business at La Sierra University is my new school.  This school term is my first at ZSB.  I’ve seem some of the most beautiful B-school buildings from around the world.  In my opinion, though, none can compare to ZSB.

It is stunning in its beauty, both inside and out.  Once the landscaped plantings start to flourish, it will be even more attractive.  I have great affinity for the palm trees in the spacious atrium.  Classrooms are well designed and helpful to instruction. In addition, my office with it’s awesome view and faux leather couch inspires both my students and self.

The new building at the Tom & Vi Zapara School of Business at La Sierra University

The dawn of a building–Tom & Vi Zapara School of Business at La Sierra University

Sunset at the Zapara School of Business

Sunset at the Zapara School of Business

Lighting up the evening skies at the Tom & Vi Zapara School of Business

Lighting up the evening skies at the Tom & Vi Zapara School of Business

Debit & credit – - David Albrecht


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From the AICPA:

AICPA Honors Annette Nellen
with Arthur J. Dixon Memorial Award

Professor Annette Nellen, San Jose State University

Professor Annette Nellen, San Jose State University

Washington, D.C., Nov. 6, 2013 –Annette Nellen is the recipient of the 2013 Arthur J. Dixon Memorial Award, the highest honor bestowed by the accounting profession in the area of taxation.  The award, given by the Tax Division of the American Institute of CPAs (AICPA), was presented today at the AICPA’s Fall Tax Division Meeting in National Harbor, Md.

Click here to read the press release in its entirety.

Professor Annette Nellen, San Jose State University, surely deserves this honor. Her views on taxation are widely disseminated–via more than 250 articles, numerous testimonials before government panels, on multiple web sites, and her blog21st Century Taxation.

I applaud the AICPA for exercising good judgment in assigning the award to Professor Nellen.

I congratulate Professor Nellen for accomplishing so very much in her special career.

Debit and credit – - David Albrecht


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Professor Marsha Huber

Professor Marsha Huber

Marsha Huber, Ph.D. and CPA, is associate professor of accounting at Youngstown State University.  She is a well published accounting researcher who studies the humanity of accountants.

She is conducting the first study on the happiness levels of accountants.  She is asking for accounting professors and professionals to take a survey.  It takes 15-20 minutes to complete.  At the conclusion of the study, you can sign up to participate in her future related projects, as well as a completed report of the current project. To take the survey, click on: http://www.surveymonkey.com/s/HappyAccountant.

Marsha is a close friend.  She does it all, teaching well, researching well, and providing valuable community service.  She finds time to love and care for her family.

She describes herself on her LinkedIn profile:

I am an accounting professor and happiness researcher. I might describe myself as an educational innovator, receiving three awards in accounting education: the 2010 Bea Sanders/AICPA, the 2011 Howard Theall, and the 2012 George Krull/Grant Thornton innovation in accounting education awards. I enjoy mentoring others being selected as the 2013 KPMG Mentor of the Year. I enjoy speaking at both academic and professional conferences on the topics of resiliency, happiness, and meaning in life and at school. One of my life goals is to help all accounting professionals become happier.

Please help her out by completing this important research study.

Debit and credit – - David Albrecht


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socialcpasBarry MacQuarrie is a Boston area CPA and consultant.  In his spare time he is a social media enthusiast (aka evangelist) who as started a group called SocialCPAs. On LinkedIn, the SocialCPAs discussion group has >3,500 members.

The SocialCPAs annual Social Media Survey is in its fourth year of existence.  In the past it has revealed some very interesting characteristics of CPA likes and dislikes about professional use of social media.

The 2013 survey closes at the end of day on Friday, August 30 (tomorrow).  You should take this survey, and please ask your co-workers to take the survey.

Click here to take 2013 Social Media Survey

Debit and credit – - David Albrecht


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Candor.  No, I’m not talking about condor, a bird.  I’m talking about clear and unbiased communication.  The Merriam-Webster definition uses the words fairness and honesty.

candor_definition_a_final

Pic credit – Merriam-Webster

Do some corporate communications appear to contain more candor than others?  Yes, based on a proposed metric.  Does this appearance prove their candor?  Those on the outside will never know.  I’ve sometimes heard that the best corporate policy is the appearance of honesty.

Rittenhouse Rankings attempts to measure candor in corporate shareholder letters for a sample of 100 companies selected from the S&P 500.  The sample group “was selected ten years ago based on industry grouping, capitalization size and financial reputations.  Candor is quantified systematically by awarding points for informative, relevant disclosure and deducting points for jargon, confusing statements and clichés.”

Recently, the Rittenhouse Rankings 2012 Candor and Corporate Culture Survey™ was released.  In the release, it is claimed that the ten most candid companies as a group earned a greater return on a stock investment than the ten least candid companies as a group.  The difference in return appears to be large.

Screen-Shot-2013-07-23-at-10.55.34-PM

Pic credit – Rittenhouse Rankings

Does candor in the corporate shareholder letter prove anything about honesty in financial statements?  No, it doesn’t.  Form inferences at your own risk.  But the list of ten companies with least candor (as defined by Rittenhouse Rankings) is interesting.  You can find a list of these companies at the right IN RED.  Two or three of these companies have been mentioned in the press for alleged financial reporting difficulties.

I, of course, recommend honesty in all things.

Wouldn’t it be great if all corporate financial statements were honest and free from bias and manipulation?  What a wonderful world it would be.

Debit and credit – - David Albrecht


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I can’t stand it.  Do a Google search on Ernst and Young’s new rebranding effort, and images of naked men are returned.

I now think of porn every time I hear the firm’s name (Ernst & Young) or see its initials (EY).  Trust me, I have no desire to see porn every time I do a Google search on this Big 4 firm.  And I have regular need to perform Google searches on each of the Big 4 (as well as several other accounting firms).

To be perfectly clear:  I don’t want to see pictures of naked men or naked women, soft porn or hard porn, when researching accounting firms.

This was not a problem for me prior to the rebranding, because I always thought of the firm’s full name.  But all of Ernst’s & Young’s recent promotional efforts have been directed toward encouraging all of us to think of them as EY, which is synonymous with naked men.  So in effect, Ernst & Young has created the conditions for me to be aware of and think of porn.  I object!  I would rather imagine young male accountants in traditional business attire.

I am aware of no other reputable business that is encouraging its customers and interested parties to encounter a pornographic linkage.  An Ernst & Young spokesman said that its clients are able to skip over the pornographic images and choose only the bona fide Ernst & Young links.  Yes, but those clients are always going to see porn images upon doing a search for EY.

A few moments ago, I performed a Google images search on EY.  18 of the first 21 images returned contained images of naked men.  Check it out below.

ey_google_images

Come on, EY.  We accountants are better than this.

Debit and credit – - David Albrecht


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