Accounting systems (and the accountants who use them) are also blind to the effects of complexity until it begins impacting the bottom line.
While some of these firms are effective, by our definition of thought leadership, which includes monetization, the vast majority of accountants and accounting firms are not thought leaders.
Active securities traders and their accountants face a nightmare in filling out Form 8949 and reconciling their own trade accounting records like TradeLog with beefed-up broker-provided Form 1099-Bs.
Edward Ketz, an accounting professor and co-author of the Grumpy Old Accountants blog, has been a vociferous critic of Groupon.
Just as important, the Administration must deal decisively with the insanity of mark-to-market, or so-called fair value, accounting that has forced institutions under severe pressure from regulators and accountants to maniacally mark down to absurdly low levels the value of unmarketable securities and assets, thus destroying entities that have positive cash flows.
Petrocelli insisted that Enron's accounting was legal, and that all transactions were vetted by top lawyers, accountants and investment bankers.
Practitioners have noted this shift, as have the experts and forensic accountants who were in the thick of many of these accounting battles.
FORBES: Accounting Fraud Cases Are Dead. Long Live Accounting Fraud Cases.
There are a few accounting professors that maintain blogs such as Grumpy Old Accountants, The Summa, and Freaking Accountant but for the most part, blogging is something we typically do not do within the academy.
Sageworks asked U.S. accounting firms to assess the hiring outlook based on their conversations with business clients and found that more accountants expect hiring than firing in the year ahead.
Thomson, CMA, is president and CEO of IMA (Institute of Management Accountants), one of the largest and most respected associations focused exclusively on advancing the management accounting profession.
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