Archive for the ‘Albrecht faves’ Category

Bloggers love the final post of any year, because it is time for “The Best Blog Posts of the Year.”  Although it might seem as if bloggers are back patting themselves, there is a higher purpose for these posts:  milking just a few more reads without having to write new content. I’ve reviewed the posts from the third year of The Summa, and have selected my favorites.  The posts at the start of the year are dominated by accounting standard setting issues, convergence and IFRS.

Debit and credit

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I am able to write a different style of post at my other blog, Pondering the Classroom.  I just put up the year-end summary.  I hope you are able to read and enjoy these blog posts on college life.

Best of Pondering the Classroom – 2010

Debit and credit – – David Albrecht


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I have two blogs:  The Summa and Pondering the Classroom.   I hope you read both.

The Summa, as you know, is a commentary type of blog.  Mostly the posts are editorials where I take a position on a current professional accounting or auditing issue, and argue for my position.  Although I occasionally lapse into lifestyle/humor or news, mostly I am providing commentary in which I fit a current event into my worldview.

Pondering the Classroom is what is called a lifestyle blog–about higher education.  Lifestyle posts revolve around reflection and the point I have to make.  It is not about what I ate for breakfast (blueberry waffles), nor it is about why I ate what I ate for breakfast (it was there).  No, it is about issues that come up in my classes and what I think about them.

I have written a few posts that you might find enjoyable.  Click on the links below and check them out.

As you can plainly see, there is no overlap in subject or style.  That’s why there are two different blogs.  I’m hoping you will become regular readers of both.

Debit and credit – – David Albrecht

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It is December 31, and so many of us are getting ready to party.  Everyone is, except accounting bloggers and those who read their blogs.  So as to give you something to do tonight while you sip your diet coke, you can reflect over the high points of The Summa.


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Two Weeks in the Life of an Accounting Professor

I devote almost every waking hour to being a professor, yet never seem to get anything done.  Most people think I only work a few hours per week, just the time spent in the classroom.  They aren’t aware of all the behind the scenes activity.

In this series, I’m going to log all of my professorial activities and then comment.  You can see what it’s like to be a professor.  I can get an idea of what I do.

Debit and credit – – David Albrecht

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This article was published in the American Journal of Business Education.    I am entitled to place a copy on my personal web site, so am placing it here at this time.  Click here for a pdf copy.

The complete citation is:

Albrecht, W. David.  (2008).  Ace Your Accounting Classes:  12 Hints To Maximize Your Potential, American Journal of Business Education, Volume 1, Number 1 (Quarter 3), pp. 1-8.


Many students experience difficulties when they try to get good grades in their accounting classes, and they are searching for answers.  There is no single answer.  Getting a good grade in an accounting class results from a process.  If you know and understand the process-and can apply it–then your chances are much improved for getting a good grade.  I recommend a process that includes twelve steps: (1) know what the professor expects, (2) be your own teacher, (3) work hard from the first day, (4) attend every class, (5) take good notes, (6) participate in class, (7) read the textbook several times, (8) look for patterns, (9) do the homework, (10) study with a friend, (11) study long and hard for each exam, and (12) live healthfully.


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Note:  this is the final version of this essay.

This is part seven of an eight-part series in which I review the seven International Financial Reporting Standards (IFRS) critics (Sunder, Niemeier, Ball, Ketz, Selling, Jensen & Albrecht) of whom I am aware.  The series continues on regular posting dates, MWF.

In today’s essay, I review the anti-IFRS views of myself, David Albrecht, Ph.D.  An accounting professor at Bowling Green State University in Ohio, I have been a vocal opponent of the proposed switchover in accounting standards for quite a while.  Until starting this blog two months ago, my primary forum was via posts to AECM, the e-mail listserv for accounting professors.

I am opposed to IFRS for the U.S. because (1) the politics of the decision are unwarranted, (2)  I believe it will be bad for the country, and (3) it will not aid the world in creating an integrated financial system. (more…)

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There’s a day for everything and everybody.  HolidayInsights.com maintains a nearly exhaustive list:   Coming up are:

  • Oct. 5 World Teacher’s Day
  • Oct. 6 Come and Take It Day
  • Oct. 6 Mad Hatter Day
  • Oct. 6 Physician Assistant Day
  • Oct. 7 Bald and Free Day
  • Oct. 8 World Smile Day
  • Oct. 8 American Touch Tag Day
  • Oct. 8 Emergency Nurses Day
  • Oct. 9 Moldy Cheese Day

Moldy Cheese Day?  Bald Day?  GMAB (give me a break)!

I see days related to vocation and profession.  When is Accountant’s Day?  It is not listed at HolidayInsights.com.  Rajesh over at All About Accounting would like to know.  I’ll tell you in a couple of paragraphs.


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Friday. It’s been a long week.  Maybe these pictures can produce a smile.

I apologize for hitting accounting’s negative stereotypes.  It’s just that the negatives are easier to make appear humorous.  I’m using royalty free images from Broderbund and my own warped sense of humor.   My renditions are not in the public domain.

Next Friday’s post will show accounting advertisements that we probably don’t want to see, such as Rocket CPA and Creative Accountants.

Over and out – – David Albrecht

Actual 2008 Pulitzer Winners and Finalists (there is no category for accounting fiction):


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A little rebellion now and then…is a medicine necessary for the sound health of government.
Thomas Jefferson (1743 – 1826), Letter to James Madison, 1787

In his blog of Aug. 25, 2008, Tim Reason of CFO.com asks, Is There an IFRS Resistance Movement?

If there isn’t, there ought to be.  I don’t know who would be the general, or even the spokesman.  However, some leading accounting professors are coming out against International Financial Reporting Standards (IFRS) and in favor of United States Generally Accepted Accounting Principles (GAAP).  And last week, PCAOB member Charles Niemeier spoke out against adopting IFRS.  Who is the next high profile regulator to come out against the SEC push for IFRS?  I heard a colleague conjecturing that it could possibly be SEC Commissioner Elisse B. Walter (democrat).

Over the weekend, I posed Tim Reason’s question on the international listserv for accounting professors–AECM.  The discussion is still going on.  However, the first three responses were pretty enlightening:

Why?  There is no use in beating a dead horse.

Resistance is futile.

No use in beating your head against a dead horse.
(pseudo yogiism by Ed Scriber)

It is difficult for me to see other baby boomer accounting professors avoiding the opportunity to engage in the protest movement of a professional lifetime.

Nearly 40 years ago, I had a great time manning the barricades, painting and carrying signs, staying out all night and chasing cute female protesters.  It is the painting signs qualification that I now offer the anti-IFRS movement.  With Google image search combined with word processing and screen capture programs, I came up with the following posters and images for the First Accounting War of the 21st century.  These are part tongue-in-cheek, part serious.

Is American resistance to IFRS futile?

I love GAAP


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OK, I intended last week’s article (Sexy Accounting–natural coupling or oxymoron?) to be 90% humorous and10% serious–about fraud auditing–and stand alone.   Little did I know it would need a sequel.

I did some more research.  It turns out that fraud auditors believe their own hype that they are sexy.  At one firm, the staff jokes that I.R.S. means, “I’m really sexy.”  Who else knew that “I’m a fraud auditor” is the uber pick-up line of the millennial generation?  Hmmm, I better get some new business cards printed.  Is The Pretender shooting new episodes?

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