The University has named Mark B. Persellin, Ph.D., a faculty member of the Greehey School of Business, to the Ray and Dorothy Berend Endowed Professorship in Accounting. The University has also named Michael S. Ariens, J.D., LL.M., a faculty member of the School of Law, to the Aloysius A. Leopold Professorship of Law.
Persefoni launches with $3.5 million and a carbon accounting system for big business – TechCrunch
Kentaro Kawamori and Jason Offerman, the co-founders of new startup Persefoni, which aims to make carbon reporting easier for large corporations, know a few things about carbon emissions. The two men met at Chesapeake Energy Corp., an Oklahoma City-based energy company focused on oil and gas extraction that ranks as one of the biggest polluters […]
Proposed regs. govern qualified plan loan rollovers
In REG-116475-19, the IRS addressed the amendments to Sec. 401(c) by Section 13613 of the law known as the Tax Cuts and Jobs Act (TCJA), P.L. 115-97, which provides an extended rollover period for a qualified plan loan offset. Sec. 72(p)(1) provides that if, during any tax year, a participant or beneficiary receives (directly or […]
How Much Is Too Much? Determining a Fair Markup Percentage
If you want to make a profit, you need to mark up your products. But, how much is too much? To figure that out, determine a fair markup percentage. Calculating markup percentage helps you get the most out of pricing methods. Read on to learn what is markup, find out how to calculate it, and […]
Auditors show resilience during pandemic, CAQ’s Lindsay says
Public company auditors have responded quickly and effectively to the coronavirus pandemic to help preserve the public’s critically important confidence in capital markets. That’s the conclusion drawn by Center for Audit Quality (CAQ) Executive Director Julie Bell Lindsay, who said in a telephone interview that auditors have used technology and their creativity while exercising their […]
IRS posts information about check processing backlog and incorrect notices
The IRS last Thursday posted an update to the webpage that describes its operations during the COVID-19 pandemic. The page notes that the IRS is working through its correspondence backlog and is experiencing delays in processing paper returns, due to its limited staff. Checks: The correspondence backlog includes checks that taxpayers have mailed to the […]
FASB addresses valuation of private company share-based awards
FASB issued a proposal Monday that is designed to make it easier for private companies to determine the fair value of a share-option award on its grant date or modification date. The proposal was introduced by the Private Company Council (PCC), which identified determining the fair value in these circumstances as a costly and complex […]
FASB weighs change in accounting for value of share-based options – Accounting Today
The Financial Accounting Standards Board is considering a proposal from its sister organization, the Private Company Council, aimed at reducing the cost and complexity for private companies when they need to decide on the fair value of the shares underlying a share-option award on its grant date or modification date. The PCC shared concerns from […]
Art of Accounting: Changes at Fairleigh Dickinson masters’ program – Accounting Today
I am an adjunct professor at Fairleigh Dickinson University and started with them in 1976. I taught five different MBA courses in 22 semesters, stopping in 1988. I restarted in 2017 and have now taught three different courses in six semesters since then in the MBA and MS programs. I also guest taught MBA classes […]
Why Pretty Much Everybody Should Major In Accounting – Going Concern
I was not a good accounting student. Despite trying hard, always showing up to class, and doing most of the homework, my brain just didn’t seem wired to be a great accountant. Regardless, I still think everybody should major in accounting, whether they work in the field or not. Let me explain. My experience To […]