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Who Moved My Ledger?
By Nancy A. Bagranoff, Jan E. Eighme, and Harvey Kahl, Jr.
The only constant in business is change. The escalating
pace of change in recent years means that experiences which
were once merely unsettling might overwhelm individuals
inadequately prepared to deal with the transition. Confronting
fears of change and understanding the change management
process are crucial to successful transitions. (Article)
A Radical Proposal for Accounting Education
By Bruce H. Nearon
The schism between practice and academia has existed from the earliest days of the accounting profession. The author, in response to The CPA Journal Forum on Accounting Education (August 2002), argues that the future development of the profession will depend on unifying these constituencies through a common educational background.
(Article)
In Defense of Accounting Education
By Steven J. Kachelmeier
This counterpoint to Bruce Nearon' radical proposal offers a defense of the current state of accounting education. The author makes the case that accounting education model has evolved over the last decade and places declining enrollments within a broader context. He also makes an interesting case for the dynamic between accounting research and teaching ability.
(Article)
Partnerships, LLCs, LLPs, and S Corporations
By Mark P. Altieri and William J. Cenker
The newer pass-through entities have made state tax laws more complex and complicated the entity choice decision. Although pass-through entities are generally treated similarly, there are subtle differences that can have a substantial effect on certain owners.
(Article)
GASB 34: New Requirements for General Capital Assets
By Walter Robbins and Amelia Baldwin
States, cities, towns, villages, and school districts and public utilities must now capitalize all general fixed assets, including general infrastructure assets. These assets will now be reported on the Statement of Net Assets and the annual cost of using such assets will be charged to the Statement of Activities as an operating expense. Because this capitalization represents such a large undertaking, GASB 34 includes a phase-in period that gives small governments more time to implement the changes.
(Article)
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