Posts Tagged ‘Accountant’

Mark Holtzman, Chair of the accounting department at Seton Hall University, is one of the few accounting professors who really gets it.  Not only is he a really nice guy who is passionate about accounting, he’s a member of the really small club of social media enabled business professors.  He blogs regularly at Freaking CPA.


Pic credit – Mark P Holtzman at Freaking CPA

Holtzman is sold on the idea of using infographics.  He wrote about it in April, 2012, “Accounting and Infographics.”  In the image at right, he shows the complete disconnect between accounting and infographics.

Infographics are fairly easy to create.  They are created in PowerPoint, and what accountant isn’t functional in PowerPoint?

Today, Holtzman posts the following infographic on his blog.  Created by Bisk CPA Review, this infographic discloses that accounting graduates can earn a nearly 50% increase in salary by becoming a CPA.  Bisk CPA Review helps students prepare for taking the CPA exam.

Pic credit – Bisk CPA Review

Debit and credit – – David Albrecht

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Why are top ten lists for year-end so popular with accounting blogs?  Perhaps it’s because we are trying to answer the age-old question: Can accountants count?

Counting comes up huge when accountants gather at parties … sipping diet cokes and looking at each other’s calculator.  One is chosen it, to ask the questions.   Answers are shouted in unison.

Q:  What’s the difference between counting and accounting?

A:  A-counting goes a-one, a-two, a-three …

Q:  Do you know that there are three types of accountants?

A:  Yes!  Those that can count and those that can’t!   Which type are you?  LOL

In truth, the favorite recreational beverage for accountants is beer.  Diet coke competes with coffee for most essential food group.

Q:  Why do accounting bloggers publish year-end top ten lists?

  • A:  They wrote 8 or 9 or 10 or 11 blog posts during the year.
  • A:  They can count all the way up to ten and are showing off.
  • A:  They’ve got game.
  • A:  That’s what they did last year.
  • A:  In Edith’s case, it is because she has ten favorite blog categories.
  • A:  The Summa’s top ten blog list featured 12 blog posts.

So, what’s next?


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accountantdaylargeIt is still November 10 up here in North Dakota.  That means it is still Accountant’s Day!

Did you get a chance to celebrate?  Professor Ed Scribner at New Mexico State University reminded his accounting theory students, and one brought a cake to class.  I’m on a diet, but I would break it for a slice of Accountant Day cake.

How did I celebrate?  I walked around campus reciting the debiti-credit cadence.  You don’t know what that is?  Instead of walking and saying, “a-left (pause) a-left (pause) a-left right left (pause)”, you say, “debit (pause) debit (pause) debit credit debit (pause).  I also tested students taking my courses on the finer points of accounting.   I’ll bet they are celebrating tonight.

As explained in a previous blog post, on November 10, 1494, volume 2 of Summa de Arithmetica, Geometria, Proportioni et Proportionalita (Everything About Arithmetic, Geometry and Proportion) was published.  It is in volume 2 of the Summa that Luca Pacioli included a description of the bookkeeping/accounting system of Venice.

Who says I don’t know how to have fun?  On Accountant’s Day I’m the life of the party.

accountantsday2009Now, back to the party.

Debit and credit – – David Albrecht

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David Letterman is a legend–a late night talk host and comedian.  I think he’s hilarious, but then you can take a look through my web site and see that I am no good judge of humor or jokes.

Letterman visited,  his accountant, and both his accountant and his wife told him to check out:

David Letterman Visits His Accountant

David Letterman Show on October 2, 2008

“Fine, I’ll just have to smother him with a pillow,” says Dave’s witty wife.

What is it with ledges and accountants?  A local TV station in Rhode Island airs a show called Wicked Late.  Troubled by losses from the recent economic collapse, the show’s accountant takes to the ledge.  View it now:

TV Show Accountant Loses All and Jumps from Ledge

Wicked Late TV Show on December 19, 2008

Oh well …

Debit and credit – – David Albrecht

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womenwantme“Women want me, men want to be me,” says Richard Cohen, NYC area accountant on the David Letterman show from April 15, 2009.  This episode, a recent addition to the ever popular Top 10 List , is funny and accurate in its portrayal of American tax accountants on the U.S. Tax Day.

Watch it and weep!

Top Ten Things I’ve Learned From Being An Accountant

David Letterman Show on April 15, 2009

Accountants don’t kill to get on Letterman, but they will try strange things.  Why?  Letterman specializes in strange and unusual.  One need to no further than another popular Letterman skit–Stupid Human Tricks.  [For those who are really into stupid humans, you must check this out.]

Clark Nuber, a Bellevue, Washington CPA firm, dearly wishes to appear on Letterman on April 15.  Will they get there?  Probably not since it is now three years and counting.  Here is their video request from February, 2007.  Clark Nuber, here’s looking at you, kids.

Pick Us, Dave

Clark Nuber video to David Letterman, February 6, 2007

Clark Nuber, I’ll tune in Letterman on April 15, 2010, hoping to see you.

Debit and credit – – David Albrecht

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Chairman Mary Schapiro
100 F Street NE
Washington DC 20549

Dear Chairman Mary Schapiro,

With this letter I indicate my support for Charles Niemeier for Chief Accountant of the Securities and Exchange Commission.

I am accounting professor and a self-described accounting theorist.  I have closely followed the Securities and Exchange Commission, the Financial Accounting Standards Board, the Public Companies Accounting Oversight Board and the International Accounting Standards Board for some time.  As a result, I became aware of the extraordinary qualifications of Mr. Niemeier.

The Chief Accountant, America’s First Accountant, establishes and maintains U.S. government policy with respect to the FASB, PCAOB and IASB.  Charles Niemeier is uniquely positioned as having prior experience with the SEC and PCAOB, and having worked with the FASB and IASB.  An appointment as Chief Accountant will serve to help him leverage all aspects of his past to move the U.S. forward in very difficult and perilous times.  There is no person today in government accounting regulation/standard setting in whom I have as much trust and respect as Charles Niemeier.  He is the person best qualified to move the U.S. forward with respect to accounting.

I believe that his primary qualification is his great mind that enables him to think in terms of a very broad world view.  His ability to discern trends and understand difficult issues, integrate them, and then correctly reason through to necessary remedies and actions is very special indeed.  In the past 15-20 years, the only other great accounting mind (outside of academia) that comes to mind is Dennis Beresford, former chair of the FASB and now accounting professor at the University of Georgia.   Niemeier’s speeches are well-researched and very insightful.  Some are required reading for my accounting majors.

Not to be overlooked is his dedication to the American investor. There is not even the hint of a suggestion that he has ever acted to advantage corporate interests over those of investors.  Moreover, he is as pro-regulation as anyone I’ve ever come across.  His September 18, 2007 speech to a NYSSCPA conference is the best defense I’ve seen about how strong regulation enhances the U.S. cost of capital advantage in world corporate markets (http://www.pcaobus.org/News_and_Events/Events/2007/Speech/09-18_Niemeier.aspx).

Another qualification he possesses is the respect and admiration of the U.S. world of accountants.  His September 10, 2008 speech to NYSSCPA  (http://www.pcaobus.org/News_and_Events/Events/2008/Speech/09-10_Niemeier.aspx) generated headlines around the world, literally.  It generated dozens of comments by conference attendees as the best defense of U.S. GAAP ever heard.  Quite honestly, it is this national respect that makes him such a serious candidate for Chief Accountant.

He has the respect and love of his staff.

It has been mentioned in the press that he is the anti-IFRS candidate for Chief Accountant.  Given his background, I think it better to say that he would work toward accounting convergence as long as the convergence did not disadvantage American investors in any way.  Some have suggested that your predecessor along with the FASB chair sold out U.S. accounting far too cheaply.  This will never happen under Charles Niemeier.  An additional factor is that many of his views are similar to yours.  For example, he favors U.S. inspection of foreign auditors that serve U.S. companies, just as you do.  I’m sure that the two of you will form a great, great team.

I’ve read every word you’ve spoken and written during the confirmation process and after.  I am becoming convinced that you will be an outstanding Chairman of the SEC.  If you are serious about making accounting the best it can possibly be in the U.S., then I’m sure you should appoint Charles Niemeier as Chief Accountant.


David Albrecht, Ph.D., CPA
Associate Professor of Accounting
Bowling Green State University

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Never call an accountant a credit to his profession; a good accountant is a debit to his profession.
Sir Charles Lyell , American Accountant, 1797-1875


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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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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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Last year, I needed to energize a class that was letting its tiredness show.  So I tried to pique everyone’s attention by saying, “Accounting can be sexy!”  Students started looking around, not quite sure what to make of me and my comment.  I said, “That’s right.  We’re going to do some sexy accounting!”  My hips started swaying as I danced to some unheard music.  That brought a bit of laughter.

What was I thinking? I had no idea if I could deliver.  So I sent an e-mail to the other accounting professors at AECM, and a couple responses theorized on the characteristics of a sexy accountant.

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