SATBob Jensen's Bookmarks
Accounting, Finance, and Business Section
Bob Jensen at Trinity University

Here are several calculators to help you with your investment decisions:
Mutual Fund Cost Calculator
Tax-Free vs. Taxable Yield Comparison Calculator
College Savings Calculator
Loan Calculator
Savings Calculator
Social Security Retirement Planner
Ballpark Estimate Retirement Calculator
529 College Savings Plan Expense Calculator
Investor Quiz: Test Your Money Smarts

Facts and statistics (Fast Facts) --- http://gwu.edu/~gprice/handbook.htm 

Country Briefings (international statistics) from The Economist http://www.economist.com/countries/ 

This U.S. Department of Commerce Website has a wealth of data and news --- http://www.doc.gov/ 

Commerce Organizations

Assistance
Freedom of Information Act (FOIA), Grants, Reference

Business Development
Contracting Opportunities, Disadvantaged Businesses, Publications, ...

Economic Analysis
Bureau of Economic Analysis, Demographics, Economic Data, ...

Economic Development
Innovative Programs

Environmental Management
Conservation, National Environmental Satellite, Data, and Information Service (NESDIS), Publications, ...

Industries
Exporting, Industries and Sectors Information, Technology

International Trade
Bureau of Export Administration, Defense Trade, Export Controls and Regulations, ...

Electronic Commerce
Programs/Initiatives, Publications and Reports, Statistics

Employment and Internship Opportunities

Laws and Regulations
Economic Development, Exporting

Patents and Trademarks

Programs and Initiatives
Quality, Relief and Reconstruction

Science and Technology
Internet, Science, Spectrum Mgmt, ...

Statistics and Research
Publications

 

 

Finding Colleges, College Rankings, Financial Aid, and Online Programs

Guides to Distance Education Courses and Programs --- http://www.trinity.edu/rjensen/245progs.htm 

Finding Colleges, College Rankings, Financial Aid, and Online Programs --- http://www.trinity.edu/rjensen/bookbob2.htm#EducationInGeneral 

 

Bookmarks are Listed Below

Accounting

In March 2000 Forbes named AccountantsWorld.com as the Best Website on the Web --- http://accountantsworld.com/.
Some top accountancy links --- http://accountantsworld.com/category.asp?id=Accounting 

Accounting - Accounting Education
Online Accounting Education

AccounitngEducation.com has database links category of international university directories --- http://accountingeducation.com/links/ 
 
Bob Jensen's Links to Accounting Education Programs
Bob Jensen's Links to Accounting Software and Vendors
On Balance Forum - Conferences (Accounting Education Listservs)
On-line CPE Source - Quick, Easy, and Convenient CPE
Insight CPE: Continuing Profesional Education for CPA's
Welcome to the CPEInternet Campus!
RARC(Rutgers Accounting Research Center) Secured Site
BEST CPE - ONLINE CPE Courses for CPA's: Hardwick Publications
NRI Schools -- Leader in Career Training for Busy Adults
http://www.isworld.org/isworld.html
Accounting Related Resources
BUSINESS RESOURCES
AAA American Accounting Association
Financial Accounting Standards Board (FASB) 
Accounting Education Change Commission (AECC)
Summerfor Web (AAA Accounting Education News)
ACCOUNTING TOP FIVE WEB SITES
AICPA Home Page
AICPA Journal of Accountancy
AICPA Index by Subject
AICPA Online Audio/Video Library
AICPA Webtrust Principles and Criteria
ANet Australia home (International Accounting Network)
Association of Government Accountants 
Smart Communities Network --- http://www.sustainable.doe.gov/
Case-Based Reasoning in the Web
Global Window Main Menu (Business Schools and Culture of Japan)
Jim Hasselback's On-line Accounting Faculty Directory
NAN Nordic Accounting Network
PIC-AECM Pacioli Web Server
RAW Rutgers Accounting Web Introduction
CPA Online: Your source for Accounting Information on the Internet
Newsand Information (Legislation, Law, Accounting, Auditing, Health)
Wm. Dennis Huber's Web Page
Will Yancey's Home Page
Master of Business Taxation Degree Program University of Minnesota (tax)
Good links to education sites http://www.teleport.com/~hadid/bookmark_page.html

Accounting Professors


Jim Hasselback's On-line Accounting Faculty Directory
Jensen & Sandlin Survey of U.S. Accountancy Education Programs (This is now out of date)
Bob Jensen's Links to selected colleges and accounting education programs
Gerald Trite's great set of links --- http://iago.stfx.ca/people/gtrites/Docs/bookmark.htm 
Tax and Accounting Sites Directory
Rutgers Accounting on the Web Mailing List WWW Gateway
E. Barry Rice, Loyola College in Maryland
Accounting Quiz Demo (Richard Campbell, ToolBook Demo of Java)
Roger Debreceny Home Page
Trends in Technologies for Ocean-Spanning Asynchronous Learning
ACCOUNTING SOURCES (Pamela Jarvis)
ANEWS-L: Hasselback Directory now on ANet
ANet Australia home (International Accounting Network)
Jim Hasselback's On-line Accounting Faculty Directory (Prentice-Hall Web Site)
InterNIC Guide to U.S. Universities (Directory)
000021 AmericanCollegesand Universities
Jensen & Sandlin Survey of U.S. Accountancy Education Programs
Ceil M. Pillsbury
Sharon Lightner at San Diego State University
AcctgInfoPlus Accounting Education Links
Cital-Welcome
Department of Accounting & Finance,UOW
Favorite Sites -- Accounting, AIS & MIS Students & Professionals
Homepage for Larry Tomassini
Pacioli Web Server
Randall B. Dunham
School of Accountancy - Faculty - Charles Christian
Stonehill College: Programs in Accountancy (John A. Schatzel)
Tennessee Quality Award
Internet Exploration: Hot Sites
Darrell Walden at U. of Richmond - Accounting Information Systems
Univeristy of Waterloo - School of Accountancy - J.E. Boritz
Will Yancey's Home Page (great accounting links)

Colleges (Accounting Programs)

AccounitngEducation.com has database links category of international university directories --- http://accountingeducation.com/links/ 
 
Bob Jensen's Guides  (Old and Outdated)--- http://www.trinity.edu/rjensen/245progs.htm 
 
Yahoo! - Education:Higher Education:Colleges and Universities
Tax and Accounting Sites Directory
Accountant's Home Page
Accounting Sites Directory
ANet People Database Welcome
ANet Australia home (International Accounting Network)
Jim Hasselback's On-line Accounting Faculty Directory
Marr and Kirkwood Official Guide to Business School Webs
US News Online Comparisons of Programs in Higher Education
 

Accounting Course Syllabi, Materials, & On-line Courses

Bob Jensen's Guides --- http://www.trinity.edu/rjensen/245progs.htm 

                                     http://www.trinity.edu/rjensen/255wp.htm 

Free Tax Tutorials for Professors and Students
Tax Analysts, a non-profit pubic service organization that provides in-depth tax information resources for tax professionals, has announced it is making its news and research products available at no charge to accounting, law, and economics professors and their students.
AccountingWeb, June 28, 2007 --- http://www.accountingweb.com/cgi-bin/item.cgi?id=103676
See http://taxprof.typepad.com/taxprof_blog/files/tax_analysts_campus.pdf

Bob Jensen's tax helpers are at http://www.trinity.edu/rjensen/Bookbob1.htm#010304Taxation

The Journal of Accountancy has many free accounting and tax helpers ---
http://www.aicpa.org/pubs/jofa/joahome.htm

You can order back issues or relevant links management and accounting books and journals from MAAW --- http://maaw.info/

Free Access to Back Issues of The Accounting Review --- http://maaw.info/TheAccountingReview.htm 

From MIT:  OKI and DSpace --- http://www.trinity.edu/rjensen/000aaa/updateee.htm#OKI 

From Smart Stops on the Web, Journal of Accountancy, July 2007 ---
http://www.aicpa.org/pubs/jofa/jul2007/news_web.htm

 

THE BLOGGING PROFESSOR
http://taxprof.typepad.com

This Smart Stop provides a daily dose of tax news, papers and court judgments. Professor Paul Caron of the University of Cincinnati College of Law updates the site frequently with a balance of academic and practical items, ranging from IRS reports to details on upcoming tax conferences. CPAs can use the topical archive to find posts by subject tag. Caron’s site is part of the Law Professor Blogs Network (see “Smart Stops on the Web,” JofA, Oct. 06, page 27), which hosts a variety of academic blogs on securities, banking, nonprofits and trusts.

August 30, 2005 message from Walter Antoniotti [antonw@ix.netcom.com]

Good day Bob!

I am a retired college professor building an Accounting Internet Library to serve the accounting community.
I recently added a free internet version of these accounting books from the Quick Notes Learning System.

Financial Accounting covers Accounting I and II college courses and with concise topic  explanations and problem oriented tests.
The Accounting Cycle A Debit and Credit Approach covers debits and credits for the accounting cycle through merchandising.
Financial Accounting For Owners, Managers, and Administrators  covers basic principles without using debits and credits.
Financial Accounting Practice Sets One practice set briefly reviews the accounting cycle and the other is an extensive example 
of the conversion of a merchandising company to a computerized system.

Please consider
1) using these materials in your classes
2) linking to them at your site
3) telling students and fellow teachers about them
4) adopting the paper versions for your courses

Information on these and other accounting books are available at our Business Book Mall Accounting Store.

Thanks!

 
American Accounting Association Accounting Coursepage Eschange (ACE)
American Accounting Association Teaching Section
Accounting Journals Index
Arthur Andersen KnowledgeSpace
Bob Jensen's Links to selected colleges and accounting educators
Bob Jensen's Vendor Database
Sharon Lightner at San Diego State University
Also see my review of Sharon's innovative international accounting course http://WWW.Trinity.edu/rjensen/255light.htm
Ceil M. Pillsbury
Course Outline ACTG 691
David R. Fordham
Global Window Main Menu (Business Schools and Culture of Japan)
Homepage for Larry Tomassini
Jensen & Sandlin Survey of Accountancy Education Programs
Jensen & Sandlin Survey of Commerical Learning Materials in Accounting
JohnSon's Accounting and Auditing Page
Abstract97 (compliance detection, real-time audits)
Marr and Kirkwood Official Guide to Business School Webs
OSU Department of Accounting & MIS
Rethinking Teaching and Learning (Accounting, Microsoft Award Winner)
Spiceland's Intermediate Accounting II
Tax Resources (U. of Iowa)
Will Yancey's Home Page
 

Februrary 16, 2003 message from Gerald Trites [gtrites@STFX.CA

The Canadian Institute of Chartered Accountants has a publication "Information Technology Control Guidelines" which was published in 1999. The book is quite large and there has been some talk about a possible decision support system that might be developed, loaded with the ITCG guidelines, placed on a CD and used in the field for assistance in analyzing system controls for particular systems/companies and developing recommendation letters. I would think the preferred approach would be to find a suitable shell and then build the system around it. In the course of my research of a good system, I came across VP-Expert which at one time was highly recommended, but it is DOS based and appears to be out of date. There is a variety of others. Does anyone have knowledge of a good DS shell that might be useful for this application and that would run on current Windows platforms? It should have run-time capability so the CD can run on its own.

Any advice you might have would be most appreciated.

Gerald Trites, FCA 
Professor of Accounting and Information Systems 
St Francis Xavier University Antigonish, 
Nova Scotia Tel.  
Website -
http://www.stfx.ca/people/gtrites 

The CICA home page is at http://www.cica.ca/ 

Activities Based Costing (ABC)

http://akao.larc.nasa.gov/dfc/abc/abcbib.html (annotated bibliography)

http://users.aol.com/caspari/l118.htm (Is ABC Fundamentally Flawed?)

http://www.chief.co.il/toc/ 

http://members.aol.com/caspari0/toc/BIBLIOG.HTM (bibliography)

http://www.focusedmanagement.com/FMI%20Articles/softabc%281%29.htm (ABC Software)

http://www.deloitte.com.au/index.asp?MenuId=0&Page=/content/abc.asp 

http://www.mmsonline.com/articles/119803.html 

http://mba.vanderbilt.edu/germain.boer/Creating%20Value/Discussions/InvLevelandProfit.htm (from my good friend Germain)

http://www.intentia.se/liston/1762_2.lxml 

http://www.neiu.edu/~hchen/202/98/ 

http://web.mit.edu/lfm/www/working_papers/1996_abstracts/strimling_abstract_1996.html 

http://www.sba.pdx.edu/faculty/darrellb/dbaccess/finalstu.htm 

http://www.acq-ref.navy.mil/wcp/abc2.html 

http://www.tocc.com/Geyser_G.html (you have to do a little hunting)

http://hamilton99.execmba.com/activity.htm (Case Study)

http://www.acca.org.za/publications/studenews/9811p34.html (Value Added)

http://www.sbm.temple.edu/~jmereba/research.html (See the Working Papers section)

I would examine the listing of the Managerial Accounting texts at http://www.bn.com/. Enter the search terms "Managerial Accounting" and "Management Accounting." 

I also recommend that you look at the Managerial and Cost Accounting Courses in ACE at http://www.rutgers.edu/Accounting/raw/aaa/ace/index.htm 

Activities Based Costing (ABC) Costing Bibliography
http://www.saffm.hq.af.mil/SAFFM/FMC/ABC/bibliography.htm

Activities Based Management and ABC Costing http://www.rpm-abm.com/cami_idx.htm 

"Towards a New Cost-Aware Evaluation Framework" 
http://ifets.ieee.org/periodical/vol_4_2000/ash.html
 

Added later 

Dear Professor Jensen,

There is an interesting website about ABC and EVA that named: Activity-Based Costing (ABC) Economic Value Added Internet Website GuideWritten by Narcyz Roztocki (http://www.newpaltz.edu/~roztockn/)  at http://www.pitt.edu/~roztocki/abc/abc.htm 

Regards,

Rudi Handoko
Tim1 [Tim1@jsx.co.id

Added later

Dear Mr. Jensen, 
 found your web site, which is remarkable, and I was wondering if you would consider adding our organization to your listing of Activities Based Costing (ABC) links. ICMS, Inc. has been around training & coaching organizations in all industries to implement ABC/ABM since 1988. Please visit our web site for more information:

URL: http://www.icms.net 

Thank you!
Christine Nola, ICMS, Inc. 6031 West I-20, Suite 219 ~ Arlington, Texas 76017 Phone: 817.483.6511 ~ Fax: 817.483.7097 
Webs: http://www.icms.net  and http://www.learnabm.com 

 

Financial Ratios

Financial Calculators and Other Tools for Business Valuation and Forecasting --- http://www.trinity.edu/rjensen/bookbob3.htm#080512Calculators 

Hi Thomas,

I hope you are doing well. In response to your financial ratio question, I am afraid that I do not know of a free site that maintains company profiles and industry profiles for a complete set of ratios. Most services charge for this service, although some services provide a few free ratios and other indicators.  Beware of ratio definitions.  As you well know, there are various ways to compute almost any financial ratio.  Naive analysts may be comparing apples and oranges when looking at values of any ratio.

ACCOUNTING AND FINANCE LINKS

Thanks to Chris Nolan I found a pretty good free web site for company and company-to-industry comparison ratios at http://www.financialweb.com/  . Click on the research tab in at that web site and enter a symbol like IBM.

Chris also recommended http://www.stockpoint.com/ .  Enter a symbol or company name such as IBM.  Get the Quote for that company.  Then click on the Company Profile button to see some ratios. 

Another free web site that I recommend is  http://www.investorguide.com/cgi-bin/research.cgi
After searching on a particular company's symbol (try IBM), you will find a Market Guide link.
Alternately, you can begin with Market Guide at http://www.marketguide.com/mgi/snap/4741N.html or http://Yahoo.marketguide.com  .
Users should carefully examine the Market Guide Glossary at http://yahoo.marketguide.com/mgi/HELP/glossary.html .  A possible exercise for students is to have them verify (for selected companies and selected ratios) the Market Guide calculations.

My next recommendation is to go to http://www.natcorp.com/framedirectory.html . By entering a company's stock symbol, you can get all sorts of links, including that company's profile and fundamentals links. The "Company Data" path at this web site leads to http://www.natcorp.com/traded.html

ABC News has some quick and very limited company information for free at http://webapp.abcnews.com/profiles/abc_comp_profiles.asp

The New Google Stock Screener (sort of nice as online screeners go) --- Click Here


If you want to look up a company's annual report online, a very good annual report directory is located at
http://www.reportgallery.com/content/glry_a.htm .  Of course there are some good SEC links at

EDGAR Database
at http://www.sec.gov/edgarhp.htm
EDGARSCAN from PriceWaterhouseCoopers at http://www.pwcglobal.com/gx/eng/ins-sol/online-sol/edgarscan/  
Free EDGAR  at http://www.freeedgar.com/


From the CFO Journal's Morning Ledger on May 4, 2016

The hottest metric in finance: ROIC
A metric known as return on invested capital is all the rage, used by companies such as General Motors Co. to placate activist investors. For ROIC lovers, which also include traditional stock pickers, the measure is the best way to distill what activists view as the most critical skill of management: how they allocate capital.


For a fee, you can get more complete company and industry profiles at http://www.wsrn.com . This is a very good service but some good things in life are not free.

If you are interested in online financial analysis, I highly recommend some of Larry Tomassini's great links.

Tomassini's CorpOnline at http://www.cob.ohio-state.edu/~tomassin/corps/corp.html

Tomassini's Financial Analysis Online http://www.cob.ohio-state.edu/~tomassin/fanon.html

Jim Borden mentioned the Deloitte & Touche web site at
http://www.peerscape.com/member/index.cfm
I found the above server to be painfully slow.  However, Jim's recommendations should always be taken seriously.

MACRO ECONOMICS LINKS (including data classified by industry)

Last year I shared a platform with David Boldt at an education technology conference at Bentley College. David has a great web site for economists, particularly in the area of macroeconomics. His materials are listed at http://www.westga.edu/~dboldt

If you are looking for industry and economic statistics. one place to begin searching is at http://rfe.wustl.edu/ 

The 2008 Statistical Abstract --- http://www.census.gov/compendia/statab/

U.S. Census Bureau: Random Samplings --- http://blogs.census.gov/

Statistical Abstract of the United States 2004-2005 --- http://www.census.gov/statab/www/
Bob Jensen's threads on encyclopedias are at http://www.trinity.edu/rjensen/bookbob3.htm#Dictionaries

U.S. Census Bureau: Random Samplings --- http://blogs.census.gov/

Historical Census Browser --- http://fisher.lib.virginia.edu/collections/stats/histcensus/

U.S. Census Bureau --- http://www.census.gov/

From the U.S. Census Bureau --- http://www.census.gov/hhes/www/income/income.html

Explanations of economic statistics can be found at EconDash.com http://www.econdash.net/ 

The above web site leads to a heap of macro data, but you were more interested in industry ratios. A bit of searching from the above site led me to a University of Michigan site at
http://www.lib.umich.edu/libhome/Documents.center/stats.html

There are various industry categories at the above web site. The Business and Industry button led me to the FedStats web site at http://www.fedstats.gov

Facts and statistics (Fast Facts) --- http://gwu.edu/~gprice/handbook.htm 

Country Briefings (international statistics) from The Economist http://www.economist.com/countries/ 

Another good set of Federal Government links can be found at
http://www.sec.gov/others.htm
Not much in the way of ratio data at that web site, but you will find a variety of interesting documents and links.

A personal finance site geared to the younger generation
Jump$tart.org http://www.jumpstart.org/ 

Advertisement Free Personal Finance Blogs --- http://pfblogs.org/blog/29

Portfolio Management

Journal of Portfolio Management - http://www.cpanet.com/up/s0210.asp?ID=0606

Portfolio Management Forum - http://www.cpanet.com/up/s0210.asp?ID=0607

Portfolio Knowledge - http://www.cpanet.com/up/s0210.asp?ID=0608

The Small-Cap Alpha Myth - http://www.cpanet.com/up/s0210.asp?ID=0609

50 Most Common Mistakes Made by Traders and Investors ---
http://www.ratiotrading.com/2009/09/50-common-mistakes-most-traders-make/

Multistyle Rotation Strategies - http://www.cpanet.com/up/s0210.asp?ID=0610

myCFO - http://www.cpanet.com/up/s0210.asp?ID=0611

Advertisement Free Personal Finance Blogs --- http://pfblogs.org/blog/29

Consumer Reports subscribers can access an excellent helper site for personal finance --- http://finance.ConsumerReports.org 
A separate subscription for online access is available that also provides a discount to the hard copy magazine subscription.

Investments
Bond funds 1/02 R
Domestic hybrid funds 8/02 R
Exchange traded funds update 10/02 R
Investing in bear market 8/00
Investing online help 3/00
Managing your portfolio 3/00
Mutual-fund families 3/01 R
Rollover rules 1/00
Shoring up your 401(k) 3/02
Short-term bond funds 6/02 R
Stock mutual funds 3/02 R

Shopping & spending Better baseball caps 5/01
Booksellers 1/02 R
Cell-phone calling plans
CR Gift Guide 11/01
Eyeglasses 6/01 R
Groceries online 9/00
Long-distance calling plans
Megastores 7/02 R
Online auctions 5/01 R
Online auctions: Sellers 7/01
Online shopping 11/00 R
Returns 1/99


Banking
Financial privacy 5/01
New face of banking 6/00 R
Online banking 2/02 R

 

Insurance
Life insurance premiums 12/00
Life settlements 2/01


Lifestage transitions
2nd marriage finances 6/02
College-loan debt 7/02
Midlife career changes 9/02
Raising baby on a budget 10/01
When a parent moves in 10/02
Working past age 65 8/02


Saving
Budgeting ideas 8/01
College on credit cards? 7/01
Electricity meter 1/02
How to cut phone bills 2/00
Phone-service wars 3/00
Prepaid phone cards 2/01
Saving for college 2/00
Saving options 9/01

 

10/7/2002

Keeping track of your pension
Employees have seen once-lush 401(k) retirement accounts--already whipped by two years of stock market losses--shrink even more in the summer's market slide. But some 44 million workers have another asset: a defined-benefit pension plan

Index funds you can trade
We provide details on exchange-traded mutual funds, and how they might save you money on your year-end income taxes.

529 college saving plan
Our expert advice and recommendations for the many families who can benefit from this plan.

The "crime tax"
Here, the details on retail theft and how consumers are paying the price.

Shopping online
Now that you know what to buy, find the best places to buy it, with our e-Ratings.

Key

* indicates a product that is part of our continual-testing program.
R indicates a Ratings report.
A indicates an archive Ratings report. Many of the tested models may no longer be available.

The Consumer Reports home page is at http://www.consumerreports.org 

A complete index of all reports is available at A to Z index


Reply from Thomas,
Thanks to everyone who responded to my request for information about industry financial ratios on the Web. After reviewing several sites, I decided to settle with the following:

Yahoo Market Guide: http://Yahoo.marketguide.com .

If you enter a company’s Name or Ticker Symbol in the "Search For" field and then click GO and then Comparison, you will not only obtain financial ratios for the company you have searched for, but you will also find ratios for (1) the company’s industry, (2) the economic sector in which the company operates, and (3) the S&P 500. Other items that you may view about a selected company include:

A Snapshot of the company
Stock Market Quotes
Recent News about the company
Custom Price Charts (this is very interesting)
Highlights
Analysts’ Earnings Estimates and buy/sell recommendations
Market Performance data and summary of institutional ownership
Financial ratio Comparisons—Industry, Sector, S&P 500
Insider Trading
Instit. Ownership
Financials

I plan to use this site for a class project in which students are required to analyze/evaluate a small number of companies. Although it "works", I am concerned about the underlying source and reliability of the numbers and other information that appear at this and other similar sites. Are there any unpublished or published studies on this issue?

Thomas G. Calderon, Professor
G. W. Daverio School of Accountancy
College of Business Administration
The University of Akron
Akron, OH 44325-4802
Tel: (330) 972-6099
Fax: (330) 972-8597
mailto:tcalderon@uakron.edu

Advanced Stock Information http://www.stockadvanced.com/ (note that ratios are available)

Enter a symbol and click "go!" to get the following information: Stock Prices, Options, Stock Splits, Charts, Live Stock Quotes, Stock Performance, Earnings Estimates, Analyst Opinions, Company Performance, Stock Valuation, Broker Reports, Company Profile, Earnings Release Dates, Latest News, Fundamentals, Intraday Charts, Forum Discussions, Technical Charts, Annual Reports, Significant Events, Institutional Ownership, Financial Ratios, Insider Trading, SEC Filings, Financial Statements, Stock Dividends, Competition, Momentum Rating, Management Discussion, Conference Calls, Short Interest, and more.

Update on November 29, 2001 from Ken Neet

Try http://moneycentral.msn.com/investor/invsub/results/compare.asp 
Enter a stock symbol. The next page allows you to select from several categories of ratios.

Update on November 29, 2001 from Enrique Bonson Ponte

You can find Spanish industry averages for free at http://www.registradores.org/iestadis.htm and then financial statements of Spanish quoted companies at http://www.cnmv.es 

Update on November 29, 2001 from Tom Omer

Here is one I use that works very well.
http://www.corporateinformation.com/ 

Jalal Soroosh  recommends http://edgarscan.pwcglobal.com/  

First Research, Inc. Publishes seven- to fourteen-page targeted Industry Profiles on over 100 industries.
http://www.accountingweb.com/firstres/index.html

 

Faculty and Program Performance Appraisal Trends and Accreditation

You may want to especially note the AACSB's  International Performance Indicators Project --- http://www.aacsb.edu/PerformanceIndicators/index.html 

The Performance Indicators Project focuses AACSB International resources on building the most comprehensive and complete database about business schools available anywhere. This database will be used to provide members with a customizable set of information products and services designed to support planning, budgeting and continuous improvement efforts. The online system, scheduled for launch in January 2001, will be available for use only to schools that provide data.

Certain data, specifically indicated in AACSB International surveys and questionnaires, also will be available via the AACSB International Web site to promote member schools to key stakeholders such as prospective students, employers and the media. The Web increasingly serves as the primary resource for prospective business faculty, students and employers. Participating schools also will be eligible for inclusion in exclusive AACSB International lists and other informational pieces designed to better inform stakeholders about business schools, accreditation and the management education industry.

AACSB International Newsline articles about the Performance Indicators Project 

Frequently Asked Questions (FAQs) about the Performance Indicators Project – PDF 

This is also one of the topics covered in the American Accounting Association's benchmarking/partnering initiative.  See http://accounting.rutgers.edu/raw/aaa/partners/partners.htm 

ACADEMIC PARTNERS will help your department improve through:

  • A newsletter especially for program leaders
  • Leadership Express, bi-weekly electronic bulletins alerting program leaders to the latest trends and issues in the field
  • Electronic discussion groups led by experts in their areas. Share your expertise and interact with leading accounting educators.
  • Opportunities to connect electronically with colleagues worldwide to discuss topics of relevance to you.
  • Faculty and administrator development programs
  • Discounted registration for midyear Annual Seminar of the AAA’s Accounting Programs Leadership Group (APLG)
  • Toolkits, comprehensive collections of resources such as videotapes, books, bibliographies and CDs, on topics like assessment, faculty evaluation, active learning, and cognitive development and professional skills

You may want to track the new Leadership Express Newsletter at http://accounting.rutgers.edu/raw/aaa/partners/vol1no1.htm 

Then if you really want to be overwhelmed, enter the phrase "Faculty Assessment" under the category "exact phrase" at http://www.google.com/advanced_search 

The American Academy of Accounting and Finance (AAAF) --- http://www.aaafonline.org/ 

In 1993 a group of accounting and finance professors at a small, teaching oriented, public university started discussing the idea of a cross-disciplinary organization for academicians in the accounting and finance disciplines.

AACSB - International had only recently revised its accreditation standards to make accreditation a realistic option for smaller schools. Even those revised AACSB accreditation standards required faculty to be active in the production of intellectual contributions, i.e. research.

Given the increased emphasis that many teaching oriented schools began to place on research as a result of the change in AACSB standards, the organizers believed there were insufficient research outlets then available to faculty at primarily teaching institutions with limited resources. Accordingly, the organizers decided to move forward with the creation of organization that would give faculty at smaller, primarily teaching institutions access to an organization with a process that would assist them in achieving their research goals.

Also see the following accrediting organizations and summaries:

Specialized Accrediting Agencies --- http://yeah.indstate.edu/hypermail/archive/elaf686/elaf686.9903/0002.html 

AACSB --- http://www.aacsb.edu/ 

ACSBP --- http://www.acbsp.org/ 

Jack Anderson's Accounting Information Finder --- http://www.umsl.edu/~anderson/accsites.htm

From The Wall Street Journal Accounting Weekly Review on September 3, 2010

The Decline of the P/E Ratio
by: Ben Levisohn
Aug 30, 2010
Click here to view the full article on WSJ.com
Click here to view the video on WSJ.com WSJ Video

TOPICS: Analysts' Forecasts, Financial Statement Analysis, Forecasting

SUMMARY: "While U.S. companies announced record profits during the second quarter, and beat forecasts by a comfortable 10% margin, on average, the stock market has dropped 5%. Based on trailing 12-month earnings, the average price earnings (P/E) ratio in the overall market is about 14.9 compared to 23.1 in September 2009; "based on profit expectations over the next 12 months, the P/E ratio has fallen to 12.2 from about 14.5 in May, 2010." The reason for this divergence is, of course, economic uncertainty that is not evident in the (average) point estimates of earnings nor in the relatively good earnings numbers of both the first and second calendar quarters of 2010. The related article is a WSJ graphic of earnings per share actual compared to average analyst estimates, by industry and by week.

CLASSROOM APPLICATION: The article is useful to show the need for understanding context of ratios in undertaking financial statement analysis. It also demonstrates that ratios can be measured in more than one way, such as the use of past earnings or analysts' average forecasts. The related article can be used to introduce students to analysts' earnings forecasts.

QUESTIONS: 
1. (Introductory) Define the price earnings ratio (P/E) and explain its meaning.

2. (Introductory) What two methods of measuring P/E are described in the article? Why do you think both are used?

3. (Introductory) Refer to the related article. How are analysts' estimates used in this WSJ graphic analysis? In your answer, also describe who are the analysts producing these estimates.

4. (Advanced) How did companies perform relative to analysts' estimates in the second calendar quarter of 2010?

5. (Advanced) What has happened to the P/E ratio? Why does the author say the P/E has fallen in relevance? Do you agree with that assessment?

6. (Introductory) What other evidence in the article corroborates the issues in the recent fall in the average P/E ratio?

Reviewed By: Judy Beckman, University of Rhode Island

RELATED ARTICLES: 
Now Reporting: Earnings
by
Aug 01, 2010
Online Exclusive

"The Decline of the P/E Ratio," by: Ben Levisohn, The Wall Street Journal, August 30, 2010 ---
http://online.wsj.com/article/SB10001424052748703618504575459583913373278.html?mod=djem_jiewr_AC_domainid

As investors fixate on the global forces whipsawing the markets, one fundamental measure of stock-market value, the price/earnings ratio, is shrinking in size and importance.

And the diminution might not stop for a while.

The P/E ratio, thrust into prominence during the 1930s by value investors Benjamin Graham and David Dodd, measures the amount of money investors are paying for a company's earnings. Typically, companies that post strong earnings growth enjoy richer stock prices and fatter P/E ratios than those that don't.

But while U.S. companies announced record profits during the second quarter, and beat forecasts by a comfortable 10% margin, on average, the stock market has dropped 5% this month.

The stock market's average price/earnings ratio, meanwhile, is in free fall, having plunged about 36% during the past year, the largest 12-month decline since 2003. It now stands at about 14.9, compared with 23.1 last September, based on trailing 12-month earnings results. Based on profit expectations over the next 12 months, the P/E ratio has fallen to 12.2 from about 14.5 in May.

So what explains the contraction? In short, economic uncertainty. A steady procession of bad news, from the European financial crisis to fears of deflation in the U.S., has prompted analysts to cut profit forecasts for 2011.

"The market is worrying not just about a slowdown, but worse," said Tobias Levkovich, chief U.S. equity strategist at Citigroup Global Markets in New York. "People want clarity before they make a decision with their money."

Three months ago, analysts expected the companies in the Standard & Poor's 500-stock index to boost profits 18% in 2011. Now, they predict 15%. Mutual-fund, hedge-fund and other money managers put the increase at closer to 9%, according to a recent Citigroup survey, while Mr. Levkovich's estimate is for 7% growth.

"The sustainability of earnings is in doubt," said Howard Silverblatt, an index analyst at S&P in New York. "Estimates are still optimistic."

Equally troublesome, analysts' forecasts are becoming scattered. In May, the range between the highest and lowest analyst forecasts of S&P 500 earnings per share in 2011 was $12. Morgan Stanley predicted $85 per share, while UBS predicted $97 per share. Now, the spread is $15. Barclays said $80 per share; Deutsche Bank predicts $95.

When profit forecasts are tightly clustered, it signals to investors that there is consensus among prognosticators; when they diverge wildly, it shows a lack of clarity. The P/E ratio tends to fall as uncertainty rises, and vice versa.

"A stock is worth its future earnings, but that involves uncertainty," said Jeremy Siegel, professor of finance at the University of Pennsylvania's Wharton School. "The more uncertainty there is, the lower the P/E will be."

Not only is the P/E ratio dropping, it also is in danger of losing some of its prominence as a market gauge.

That is because, with profit and economic forecasts becoming less reliable, investors are focusing more on global economic events as they make trading decisions, parsing everything from Japanese government-debt statistics to shipping patterns in the Baltic region.

To some extent this is in keeping with historical patterns. P/E ratios often shrink in size and significance during periods of uncertainty as investors focus on broader economic themes.

P/E ratios fell sharply during the Depression of the 1930s and again after World War II, bottoming at 5.90 in 1949. They plunged again during the 1970s, touching 6.97 in 1974 and 6.68 in 1980. During those periods, global events sometimes took precedence over company-specific valuation considerations in the minds of investors.

There have been periods when the P/E ratio was much more in vogue. A century ago, the buying and selling of stocks was widely considered to be a form of gambling. P/E ratios came about as a way to quantify the true value of a company's shares. The creation of the Securities and Exchange Commission during the 1930s made financial information more available to investors, and P/E ratios gained widespread acceptance in the decades that followed.

But thanks to the recent shift toward rapid-fire stock trading, the P/E ratio may be losing its relevance. The emergence of exchange-traded funds in the past 10 years has allowed investors to make broad bets on entire baskets of stocks. And the ascendance of computer-driven trading is making macroeconomic data and trading patterns more important drivers of market action than fundamental analysis of individual companies, even during periods of relative calm.

So where is the P/E ratio headed in the short term? A few optimists think it could rise from here. If corporate borrowing costs remain at record lows and stock prices remain depressed, companies will start issuing debt to buy back shares, said David Bianco, chief U.S. equity strategist for Bank of America Merrill Lynch. As a result, earnings per share would increase, he said, even if profit growth remains sluggish, and P/E ratios could jump with them.

But today's economic uncertainty argues against that scenario. Consider that while P/E ratios dropped during the inflationary 1970s, they also fell during the deflationary 1930s. The one common thread tying those two eras of falling P/E ratios: unpredictable economic performance.

"We're looking at a more volatile U.S. economy than we experienced in the last 30 years," said Doug Cliggott, U.S. equity strategist at Credit Suisse in Boston. "The pressure on multiples may be with us for quite some time."

September 8, 2010 reply from John Briggs, John  [briggsjw@JMU.EDU]

I saw this article and didn't quite "get" it...the title at least.

Of course the P/E ratio is still relevant.

My favorite site for this is www.multpl.com, where a guy provides a daily look at the Shiller ("Irrational Exuberance") 10-year P/E...10 years of data instead of 1.  It's currently 20.  It used to be 45.  Indeed, 45 was a bubble.

Right now, you would think 16 would be appropriate, but extremely low interest rates argue for higher (in comparison to investing in bonds), but economic uncertainly argues for lower.

So I'd make the case that this metric should be around 16 right now...20 indicates to me that stocks are slightly overvalued.

The only time the P/E ratio really was ignored was in 2000, it seems to me.  I'm glad I had no money then.

Bob Jensen's bookmarks for financial ratios --- http://www.trinity.edu/rjensen/Bookbob1.htm#010303FinancialRatios
Also see http://en.wikipedia.org/wiki/Financial_ratios

Bob Jensen's threads on valuation are at
http://www.trinity.edu/rjensen/roi.htm

 

 

Online Accounting Textbooks and Cases

Bob Jensen's listing of free online textbooks and other learning materials are at http://www.trinity.edu/rjensen/ElectronicLiterature.htm#Textbooks
Note that most of these are not repeated below, so please click on the above link.

Comparisons of National and International accounting rules --- http://www.trinity.edu/rjensen//theory/00overview/theory01.htm#FASBvsIASB

Bob Jensen's summary of accounting theory --- http://www.trinity.edu/rjensen//theory/00overview/theory01.htm

O'Keefe Accounting Library Searches http://library.sau.edu/bestinfo/Majors/Accnt/accindex.htm

Free CPA Review Course --- http://cpareviewforfree.com/

CPA Examination candidates and accounting faculty should check out the free database at
http://www.cpa-exam.org/cpa/literature.htm

The Trinity University library has a single-user license (with an academic discount) for PwC’s Comperio --- http://www.pwcglobal.com/comperio
The single-user limitation really has not been problematic for us. Our Library guru wrote some front end code that lets any Trinity faculty member or student go directly into Comperio without having to remember a password

Comperio evolved out of a CD-Rom database that Price Waterhouse  sold under the name “Price Waterhouse Researcher.” Updated CDs were sent to us each quarter in the old days before things were as networked on the Web. Now it’s all Comperio on the Web.

Andersen had a competing CD database called Research Manager. That was bought out after Andersen fell, but I think it is now defunct (I could be wrong about this).

Now Comperio is the main commercial database available other than FARs --- http://www.fasb.org/fars/
I think each student can buy this from Wiley, but there have been numerous complaints about it.

PwC's Comperio Accounting Research Manager

Comperio is the most comprehensive on-line library of financial reporting and assurance literature in the world. Over 1,500 financial executives from around the world use Comperio on a daily basis. Comperio content includes AICPA, DIG, EITF, FASB, IAS, ISB and the SEC as well as pronouncements and standards from Australia, Belgium, Canada, New Zealand and the United Kingdom.

With Comperio, the answers you need are always available - right now, right at your fingertips. There is no software to install - just go to the Comperio website and start researching!

The entire online library can be immediately accessed by browsing a pronouncement or topic directly, or by searching the entire database for key words, topics or terms.

Visit the Comperio product information site at http://www.pwcglobal.com/comperio . You will find the necessary forms to order Comperio today or to request a 30-day free trial.

Andersen's old Accounting Research Manager is now updated and maintained by CCH. The AICPA has accounting research literature in the FARs database.

For national and international accounting rulings and online research, it is best to subscribe for a fee to one of the leading services shown below:

PwC Comperio --- http://www.pwcglobal.com/comperio

CCH Accounting Research Manager --- http://www.accountingresearchmanager.com/ARMMenu.nsf/vwHTML/ARMSplash?OpenDocument

AICPA FARs (marketed by Wiley) --- http://www.fasb.org/fars/

For looking up filings with the SEC, there are two major sources:

EDGAR --- http://www.sec.gov/edgar/quickedgar.htm

PwC EdgarScan --- http://edgarscan.pwcglobal.com/servlets/edgarscan 

It is possible to do comparative company financial analyses using the core earnings databases --- http://www.trinity.edu/rjensen//theory/00overview/theory01.htm#CoreEarnings

Many IFRS and multiple nation standards and reviews are available from Deloitte's IAS Plus --- http://www.iasplus.com/index.htm

Free International Auditing Standards
All documents issued by IFAC and the International Auditing and Assurance Standards Board (IAASB) are now available for immediate download at no charge. Visitors must simply fill out a one-time registration to gain access to the documents. http://www.accountingweb.com/item/96952 

Bob Jensen's search helpers are at http://www.trinity.edu/rjensen/searchh.htm 
Accounting topic search helpers --- http://www.trinity.edu/rjensen/searchh.htm#Accounting
Note that most of these are not repeated below, so please click on the above link.

A Selected Listing of Accounting Textbooks from AccountingStudy.com --- http://accountingstudy.com/books/textbook/ 
Most of these books are not available online, but many have online supplements.

There are very surprising omissions.  For example, under Financial Statement Analysis, I view Stephen Penman ' s Financial Statement Analysis and Security Valuation Book (Irwin McGraw-Hill) as the best book available, but AccountingStudy.com left it out of the list in favor of  books I respect much less such as the Palepu, Healy, and  Bernard book (which has a recent cheap shot inferior revision) and the badly outdated Foster Book (1986).  

Under Managerial Accounting, the lead selling book by Garrison and Noreen (McGraw-Hill) is not included in the list.


Flat World Knowledge will no longer publish versions of its textbooks at no charge ---
http://www.insidehighered.com/news/2012/11/05/flat-worlds-shift-gears-and-what-it-means-open-textbook-publishing

Jensen Comment
At $19.95 a Flat World book may sound like a real deal compared with a competitor's $180 alternative. But keep in mind that the higher priced textbook may be more current and have much better exhibits, end-of-chapter material, and multimedia supplements. As a rule the more expensive versions have value added unless there are some unfair marketing tactics employed (such as giving instructors 20 free copies that they can sell in the lucrative cash market offered by the sleazy guys prowling around faculty offices).

Also keep in mind that students may sell the $180 textbooks back to campus bookstores for as much as $90. There's not much a used book market for books published by Flat World.

"Textbooks for Tightwads:  As classes start, business students are in for a shock: Textbook prices are higher than ever. A word to the wise: It pays to shop around," by Rachel Z. Arndt, Business Week, August 26, 2009 ---
http://www.businessweek.com/bschools/content/aug2009/bs20090826_069900.htm?link_position=link1

Shopping for textbooks can be burdensome at best, painful at worst. And it's no different for business students. By the time students get to B-school, they're probably well-versed in the tricks of the textbook trade. They need to be, with some books required at top B-schools retailing for well over $200.

Although textbook shopping is as inevitable as picking classes or group projects, spending tons of money on books doesn't have to be part of the process. The catch is knowing what you're doing, which isn't as obvious as it sounds, even for students with top-of-the-line spreadsheet skills. Of course, you can still look for the least beat-up copy in the campus bookstore, but that should be just the beginning.

The Web is overflowing with sites claiming to offer the cheapest textbooks around. So, with book prices rising, the cost of higher education higher than ever, and a dreary economy to boot, it'll certainly pay off to spend some time shopping around. Publishers may be resourceful, but students are, too.

An Oligopoly
To say they have to be is an understatement. The General Accounting Office says textbook prices have increased at twice the rate of inflation since 1986. And today, students spend on average about $700 per year on required course materials, according to a 2008 survey by the National Association of College Stores (NACS).

Part of the problem is rising production costs, but the textbook market itself plays a role. The industry is an oligopoly, says James V. Koch, president of Old Dominion University, in a 2006 report by the U.S. Education Dept. Advisory Committee on Student Financial Assistance. According to Koch, five publishers—Thomson, Wiley, Houghton-Mifflin, Pearson, and The McGraw-Hill Companies (Businessweek's parent)—control the market, putting out about 80% of all college texts.

What's more, Koch says, the textbook market is unique. Unlike markets for most consumer products, where demand is generated by consumers themselves, textbook demand is created by another group: the faculty choosing texts for their classes. That makes it possible for publishers to introduce higher prices without much&mdashlif any—loss in revenue.

Publishers can also introduce "bundled" versions of books—books sealed with additional CD-ROMs or other materials—for higher prices. This means, even if just the book itself is required, students are stuck buying a more expensive version.

Tricks of the Trade
But the situation for students isn't as dire as it sounds. First of all, as some economists point out, students are smart and know how to consume. Yes, textbooks are expensive. But they are expensive at list price—usually the highest price a student can find. The prices charged by most bookstores, online retailers, and even online trading posts are well under this publisher-set price.

As BusinessWeek found out, those retail prices can vary wildly, which is why it pays to shop around. One of the easiest and fastest ways to find the best prices is to use a site that aggregates prices from many retailers. Booksprice.com and allbookstores.com are good places to start. They both list prices from the most popular Web retailers, such as alibris.com, half.com, bookbyte.com, and even Amazon.com. If aggregated searches aren't turning up the results you want, you can go to individual retailers' sites. Make sure to know the edition, author, and publisher of the book you're looking for—some books, on topics such as microeconomics, share the same title for completely different products.

Expect some surprises. Sometimes a retailer will sell the new version of a textbook for much less than a used copy. Abebooks, for example, charges $69.99 for a new copy of Jonathan Berk's and Peter DeMarzo's Corporate Finance and $120.54 for a used one. It's unclear why this happens, but one possibility might be that the owners of the used books simply overpriced their product.

Continued in article

Jensen Comment
Keep in mind that the campus bookstore probably will buy back a book that they did not sell originally.

 


Thompson Learning's  WebTutor --- http://snipurl.com/WebTutor 

McGraw-Hill --- http://www.mhhe.com/catalogs/ 

Prentice-Hall --- http://vig.prenhall.com/ 

http://www.cybertext.com/
http://www.wadsworth.com/
 
http://www.prenhall.com/ 
South-Western College Publishing --- http://www.swcollege.com/

RJ Interactive Home Page (Online Accounting, Publishing) (Richard J. Campbell)

 

Taxpoint: http://taxpoint.swcollege.com/taxpoint_2001/taxpoint.html
StudyLive: http://www.swcollege.com/acct/studylive/studylive.html
INTACCT: http://www.swcollege.com/acct/rama/intacct/intacct.html
Computerized Principles of Accounting:  http://www.swcollege.com/acct/klooster_introacct/klooster.html

The European Case Clearing House (ECCH) homepage is at http://www.ecch.cranfield.ac.uk/ 

COLIS:  Case Searching by Internet --- http://www.ecch.cranfield.ac.uk/europe/pages/search/index.html 

COLIS is the single most comprehensive electronic bibliography of management case study and reprint materials in the world. Regularly updated, COLIS contains abstracts of over 30,000 case studies, journal article reprints and supplementary materials, many with inspection copies on-line for immediate previewing.

ON-LINE INSPECTION COPIES 
In December 2003 99 new on-line inspection copies were added to COLIS. The total number now available to view on-line is 7,358. 

Electronic Delivery

Who is eligible?
Electronic delivery is only available to full educational and corporate members of ECCH.

What is available?
Case masters
The facility to reproduce cases in-house is available to eligible organisations. In granting permission to copy, ECCH supplies a complimentary case master and charges for the number of copies to be made for teaching
*. The member organisation has the choice of receiving the master in either paper or electronic format**.
Teaching notes
A large proportion of the cases distributed by ECCH have accompanying teaching notes which are available separately. These may be delivered electronically
** for use only by named faculty members in educational organisations and named trainers in corporate training departments.

What are the advantages?
Electronic delivery eliminates shipping charges and ensures case materials are received within one working day
**.

How does it work?
Materials delivered electronically will be supplied as sealed (ie encrypted) pdf files, thus fulfilling ECCH security requirements. Customers will receive the sealed files as an e-mail attachment.

Demonstration
If you require further information or you would like to see a demonstration please contact Lucy Baldwin at la.baldwin@ecch.cranfield.ac.uk or on 
+44 (0)1234 756420.

EECH has, with the co-operation of most case-authoring institutions, recently introduced a concessionary pricing program (CPP) to provide business schools in 65 underdeveloped nations affordable access to cases for use in public education programs --- http://www.ecch.cranfield.ac.uk/cpp/ 

Until now, ECCH's efforts have concentrated largely on encouraging the use of cases within business schools and companies situated in the developed economies of the world. Schools in developing countries have been effectively excluded from obtaining ECCH's materials due to price.

In response, ECCH has introduced a scheme (CPP) to make cases and associated materials more accessible to educational institutions in the developing world.

Top Ten Emerging Technologies According to CFO Magazine in October 2002

THE NEED-TO-KNOW LIST
1. XBRL
2. Business Intelligence
3. Wireless Connectivity
4. Grid Computing
5. Multivariable Testing (MVT)
6. Digital Cryptography
7. Rich Media
8. Internet2
9. Biometrics
10. Small Technology
 

XBRL tops the list.  Bob Jensen's threads on XBRL are at http://www.trinity.edu/rjensen/XBRLandOLAP.htm#XBRLextended 

 

You can order back issues or relevant links management and accounting books and journals from MAAW --- http://maaw.info/

Free Access to Back Issues of The Accounting Review --- http://maaw.info/TheAccountingReview.htm 

International Accounting News (including the U.S.)

AccountingEducation.com and Double Entries --- http://www.accountingeducation.com/
        Upcoming international accounting conferences --- http://www.accountingeducation.com/events/index.cfm
        Thousands of journal abstracts --- http://www.accountingeducation.com/journals/index.cfm
Deloitte's International Accounting News --- http://www.iasplus.com/index.htm
Association of International Accountants --- http://www.aia.org.uk/ 
WebCPA --- http://www.webcpa.com/
FASB --- http://www.fasb.org/
IASB --- http://www.fasb.org/
Others --- http://www.trinity.edu/rjensen/bookbob1.htm

Gerald Trite's great set of links --- http://iago.stfx.ca/people/gtrites/Docs/bookmark.htm 

Richard Torian's Managerial Accounting Information Center --- http://www.informationforaccountants.com/ 

 

Social Accounting

Ethics Study

Hi Iman,

There are many useful sites, and I am sorry to say that I have not cataloged Websites on social accounting.  A few sites that might help you get started are listed below (although not all links are focused at financial reporting):

Introductory Reading Lists

http://scout.cs.wisc.edu/archives/SRA--LCSHSearch.php?SubjectID=9907 

http://www.gla.ac.uk/departments/accounting/csear/studentresources/introread.html 

http://www.business-ethics.com/web-ethi.htm 

http://webapps.unl.ac.uk/apps/faq/cf_tag_verity_detail.cfm?ID=510&sectionname=Library 

History

http://www.sustainability.com/programs/engaging/history-reporting.asp 

Journals --- http://www.mbs.unimelb.edu.au/library/mconline/serials/Serindex.htm 

Special Issue of the European Accounting Review --- http://www.bham.ac.uk/EAA/ear/conts/volume9.html 

The Ecologist --- http://www.theecologist.org/links.html?section=48 

UK Organizations --- http://cei.sunderland.ac.uk/ethsocial/orgs.htm 

http://www.ids.ac.uk/eldis/hot/ethicsguide2.htm 
Especially note the Subject Guides

Ponemon --- http://www.ftc.gov/acoas/nominations/ponemonbio.htm 

India and Bangladesh --- http://www.mimap.org/index.cfm?fuseaction=viewrep&doctype=Research  

THE NEED FOR FUNDAMENTAL RESEARCH IN ISLAMIC ACCOUNTING --- 
http://islamic-finance.net/islamic-accounting/acctg.html
 

Social Indicators --- http://www.ccsd.ca/si_exec.htm 

Impact Assessment 

http://www.enterprise-impact.org.uk/pdf/EINDecember01.pdf 

http://www.ag.unr.edu/uced/reports/technicalreports/9899reports/9899_04rpt.pdf 

Radical Disclosure Theories --- http://www.commerce.adelaide.edu.au/courses/at3/slides/disclosuresocialacc2001.pdf 

Unaccountable Accounting --- http://www.commondreams.org/views02/0128-02.htm 

Misc.

http://www.warwick.ac.uk/fac/soc/Economics/research/resdevel.htm 

http://www.neweconomics.org/default.asp?strRequest=areasofwork&pageid=57 

http://www.sums.ac.uk/staff/owen.htm 

http://www.foe.org/international/cswg/ 

http://www.cbs-network.org.uk/SocAdbib.html  

Great Old Stuff

PHANTASMAGORIC ACCOUNTING: Research and Analysis of Economic, Social and Environmental Impact of Corporate Business (Sarasota, FL: The American Accounting Association, 1977).

Hope this helps!

Bob Jensen

Dear Dr. Jensen,

My name is Iman Aref. I'm a student at the American University in Cairo, majoring in Accounting. I'm currently doing a research paper on the Social Responsibility of Financial Reporting. I was wondering if you know of any credible websites or links you can refer me to?

I did try searching the WWW for the topic, but unfortunately, I was unlucky.

Thank you for your help.

Iman Aref

History

Bob Jensen's Brief Summary of Accounting History --- http://www.trinity.edu/rjensen//theory/00overview/theory01.htm 

History of the Securities and Exchange Commission (SEC) --- http://www.sechistorical.org/ 

Shared Accounting Courses and Other Materials

Shared Open Courseware (OCW) from Around the World: OKI, MIT, Rice, and Other Sharing Universities --- http://www.trinity.edu/rjensen/000aaa/updateee.htm#OKI
 
Free online electronic literature, including free textbooks --- http://www.trinity.edu/rjensen/ElectronicLiterature.htm
 

Free Mathematics and Statistics Tutorials --- http://www.trinity.edu/rjensen/Bookbob2.htm#050421Mathematics

Free Science and Medicine Tutorials --- http://www.trinity.edu/rjensen/Bookbob2.htm#Science

Free Social Science and Philosophy Tutorials --- http://www.trinity.edu/rjensen/Bookbob2.htm#Social

Free Education Discipline Tutorials --- http://www.trinity.edu/rjensen/Bookbob2.htm

Teaching Materials (especially video) from PBS

Teacher Source:  Arts and Literature --- http://www.pbs.org/teachersource/arts_lit.htm

Teacher Source:  Health & Fitness --- http://www.pbs.org/teachersource/health.htm

Teacher Source: Math --- http://www.pbs.org/teachersource/math.htm

Teacher Source:  Science --- http://www.pbs.org/teachersource/sci_tech.htm

Teacher Source:  PreK2 --- http://www.pbs.org/teachersource/prek2.htm

Teacher Source:  Library Media ---  http://www.pbs.org/teachersource/library.htm

Free Education and Research Videos from Harvard University --- http://athome.harvard.edu/archive/archive.asp

VYOM eBooks Directory --- http://www.vyomebooks.com/

From Princeton Online
The Incredible Art Department --- http://www.princetonol.com/groups/iad/

Online Mathematics Textbooks --- http://www.math.gatech.edu/~cain/textbooks/onlinebooks.html 

National Library of Virtual Manipulatives --- http://enlvm.usu.edu/ma/nav/doc/intro.jsp

Moodle  --- http://moodle.org/ 

The word moodle is an acronym for "modular object-oriented dynamic learning environment", which is quite a mouthful. The Scout Report stated the following about Moodle 1.7. It is a tremendously helpful opens-source e-learning platform. With Moodle, educators can create a wide range of online courses with features that include forums, quizzes, blogs, wikis, chat rooms, and surveys. On the Moodle website, visitors can also learn about other features and read about recent updates to the program. This application is compatible with computers running Windows 98 and newer or Mac OS X and newer.

Some of Bob Jensen's Tutorials

 

Damodaran Online: A Great Sharing Site from a Finance Professor at New York University and Textbook Writer --- http://pages.stern.nyu.edu/%7Eadamodar/

Jim Mahar's finance sharing site (especially note his great blog link) --- http://financeprofessor.com/

Financial Rounds from an anonymous finance professor --- http://financialrounds.blogspot.com/

The AICPA Issues Business Fraud Case Studies --- http://www.aicpa.org/antifraud/spotlight/030409_cases.asp
 
TheAICPA has made its Year 1992 through Year 2000 Accounting Educators Conference Professor/Practitioner Cases available.  See http://www.aicpa.org/members/div/career/edu/ppcdp.htm 
 
Accounting Coursepage Exchange (ACE) - American Accounting Association
Jensen & Sandlin Survey of U.S. Accountancy Education Programs
Bob Jensen's Web Site
Innovation in Accounting Education Award 1999 Submissions to the American Accounting Association
(I will review some of these documents in future editions of New Bookmarks)
http://www.rutgers.edu/Accounting/raw/aaa/facdev/teaching/awardsub.htm

AICPA Professor/Practitioner Case Development Program
Please be informed that the winning case materials (student notes only) are now available on the Institute Web site at http://www.aicpa.org/members/div/career/edu/caseidx.htm.
ACCT 5341 (International Accounting Theories)
ACCT 5342 Accounting Information Systems
Study Web
WebCT Homepage (Wayne Ingalls' Accounting Courses)
Accounting Theory Course in Australian National University)
ACCOUNTING SOURCES (Pamela Jarvis)
Brown and O'Leary Tutorial
6E:002 RealAudio Lecture Home Page (University of Iowa, Real Audio)
Introductory Accounting I Virtual Course (Barry Rice, Loyola College)
Management Accounting Modules
OptionSource.Com Home Page (Options Trading Tutorials)
AC3029Accounting Systems
Stonehill College: Programs in Accountancy
KenyonCollege - Academic Projects on the Kenyon Web
Favorite Sites -- Accounting, AIS & MIS Students & Professionals (Shared Course Materials)
Favorite Sites -- Accounting, AIS & MIS Students & Professionals (Accounting and AIS Links)
AAA IS/MAS Homepage
Management Accounting Section of the American Accounting Association
Management Accounting Modules
Accounting and Financial Information
Welcome to CAROL (online annual financial reports)
http://www.isworld.org/isworld.html
Master Budget-Master Index
Peter Kenyon at Humboldt State University
SMAP 96 Homepage
Spiceland's Course Resources
G. Gray at CSUN
Great Ideas in Teaching Accounting
Intermediate Accounting - UC Santa Barbara
Introduction to Management Accounting
NSNS Syllabits: Accounting Syllabi
Riding the Information Superhighway - Course Syllabus
Slides on "Why [Study] Accounting?"
Tax Resources (U. of Iowa)
Tax World Homepage
US University's Accounting Departments
High Q Learning Products - Courseware - Software - Accounting Courseware, Accounting Education, Accounting Training
Consumer Behavior Book With Online PowerPoint and Cases
AC3029 Accounting Information Systems (AIS)
Yale SOM Accounting Home
Every now an then I stumble on a very helpful website with many links. One of these is @theBeech from SUNY College at Fredonia. Thank you Fredonia for sharing these links on education in general and on accounting education in particular  The main website is at http://beech.ait.fredonia.edu/teaching.htm 

Learning Skills Links --- http://beech.ait.fredonia.edu/learning.htm 
Teaching Resources Links --- http://beech.ait.fredonia.edu/teaching.htm 
The above links are very comprehensive --- I recommending making bookmarks on these pages.

For other education links go to http://www.trinity.edu/rjensen/bookbob2.htm 

Some Course Web Pages Supported from SUNY College at Fredonia --- http://beech.ait.fredonia.edu/course/default.htm 

Newsgroup messages are located at http://beech.ait.fredonia.edu/newsgroups.htm 

Some Accounting Career Information from SUNY College at Fredonia --- http://beech.ait.fredonia.edu/careers.htm 
This is a great website with lots of useful links about accounting careers, continuing education, and certification specialties.  
In particular, note the Accounting Career Information Link at http://beech.ait.fredonia.edu/careersac.htm 

 
From Phil Livingstone, President of the Financial Executives Institute (since this is linked from the Download Archives that anybody can access, I assume that this Excel Workbook is available to the general public)

Acquisition Model - Bruce Valentine, CFO of McStain Homebuilders, and a member of the Rocky Mountain Chapter, contributed a great Excel workbook for pro forma acquisition modeling. It takes the historical and projected results of the seller and buyer and combines them with consideration of the accounting and tax treatments. Thanks so much to Bruce for this great contribution to all FEI members. I’ve known and worked with Bruce and he is a bona fide rocket scientist. 

I believe FEI’s future will contain much more model- and presentation- sharing. Please think about the tools you use or tools you need and send me e-mail if you want to contribute something or are looking for a particular tool. Web-enabled tools for information sharing and analysis should be a priority.

Go to http://www.fei.org/download/dl_index.htm (Then click on MS Excel Acquisition Model. Bruce Valentine)

Charles A. Dice Center for Research in Financial Economics http://www.cob.ohio-state.edu/~fin/dice/index.htm  

 

The New Hampshire Society of CPAs has a rather nice service providing abstracts of articles of interest to accountants --- http://www.nhscpa.org/May2002News/enews.htm 

Shared Courseware in Business and Finance

Index for ACCT 5341 (International Accounting Theories)
Study Web
Developing World Wide Web pages at Cornell
Lessons from Business School Web Sites
ECO/FIN/INBhome
University of Newcastle Department of Economics
Finance--UC Berkeley, Brad De Long's Shared Course Materials, Shareware, Education)
Pamela P. Peterson (FIN 3403, Accounting Financial Statements, Shared)
Homepage For David Boldt (economics education)
Charles A. Dice Center for Research in Financial Economics
 

Shared Accounting Resource Materials

Bob Jensen's Links

Globalization Strategic Alliances Roundtable (GSAR), Berlin, Germany, June 22, 2001 --- http://www.cs.trinity.edu/~rjensen/GSAR2001/000start.htm

Accounting Journals Index
Accounting, Finance, Business, and Other Glossaries
Jensen & Sandlin Survey of U.S. Accountancy Education Programs
AuditNet Home Page  (Includes link to Auditors Sharing Audit Programs (ASAP) page
BUSINESS RESOURCES
Business Resource Archive - Accounting
Online Calculators

Guides to using a financial calculator without having to be confused by the manual
http://moon.pepperdine.edu/~mkinsman/Using.html  

Ernst & Young LLP - Download Library - SFAS 133 Financial Instruments Derivatives
Ernst & Young LLP - Download Library - SEC Rules on Financial Instruments Derivatives
InfobyteHomepage (Accounting, General Ledger Software)
Wow International Accounting Helper Site 
Paul is a former student during my years at Michigan State University and has been project director of various FASB and IASC accounting standards before joining Deloitte on special assignment in Hong Kong.

Hello Bob,

As part of my work at Deloitte here in Hong Kong, I have developed IASPLUS, which is both a web site (http://www.iasplus.com) and a quarterly printed newsletter (the latter is available on the website in electronic form).  The website and newsletter are devoted to the development, dissemination, understanding, and use of International Accounting Standards.  Both include country-specific information -- currently limited to Asia but soon to be expanded to include Europe and beyond.

I thought these might be of interest for your bookmarks.

I enjoyed our panel together at the AAA.  I hope to see you this summer at the Atlanta meeting.

Paul Pacter

Reply from John Phillips [jphillip@UOG9.UOG.EDU] on March 7

This is a great site it provides details not only on IAS but on the countries of the world as to their accounting standards and CPA organizations

Distributed Network General Ledger Software and Services 

Bob Jensen's Threads on Webledgers for Distributed Network Computing of Accounting Systems and Business Services  http://www.trinity.edu/rjensen/webledger.htm

Just for Educators from the AICPA --- http://www.aicpa.org/edu/justedu.htm 

 
Accounting Education: Charting the Course through a Perilous Future
Taylor Report on Student and Academic Research Study
AICPA Core Competency Framework for Entry into the Accounting Profession (The Framework)
150-Hour Education Requirement
Academic and Career Development
Best Academic Practices
CPA Examination Reformation and Computerization
CPA Vision Project
Conferences
Curriculum Development Guidance
Education Programs and Services
Educational and Professional Updates
Pathfinders
Publications


Free CPA Review Course --- http://cpareviewforfree.com/

Center for Financial Research & Analysis, Inc.

CFRA, Inc. Launches Free On-Line Service for Academic Community

Rockville, MD - August 1 - The Center for Financial Research & Analysis (CFRA, Inc.), a leading provider of independent research to over 2,000 institutional investors, will now offer an academic version of its product to professors and their students. Since there is no cost for this service, its use is restricted for research and teaching purposes.

What's included with the Academic Version?

1. Access to all educational pieces in our database. 2. Access to selected company-specific reports that focus on quality of earnings issues 3. Weekly e-mail notification of new companies added to the database

Who qualifies for this service and how can you sign up?

All professors teaching courses in financial accounting, auditing, and finance qualify. To sign up, click on the URL http://www.cfraonline.com  and register. Then sign and fax the agreement to (301) 984 8617. Once activated, you will have access to the Academic Version of CFRA's database.

About CFRA

CFRA has become known internationally for its pioneering research ferreting out companies with operational problems that use unusual accounting practices to camouflage such practices. Founded in 1994 by Dr. Howard M. Schilit following a 20 year career as an accounting professor (author of FINANCIAL SHENANIGANS: How to Detect Accounting Gimmicks and Fraud in Financial Reports) http://www.cfraonline.com/publications/publications.jsp#FinancialShenanigans  CFRA provides a daily on-line news wire of financial analysis and a database on over 900 companies. Its mission is to warn investors and creditors about companies experiencing operational problems and particularly those that employ unusual or aggressive accounting practices to camouflage such problems.

Howard Schilit
 http://www.cfraonline.com  
301-984-1001 ext. 105

The University of Kansas International Business Resource Connection http://www.ibrc.bschool.ukans.edu/ 

The IBRC, a business outreach program of the Center for International Business Education and Research (CIBER) within the School of Business at the University of Kansas, was created to encourage trade opportunities and expand international business education. Through strategic alliances with major partners (including the U.S. Department of Education and the Kauffman Foundation), private sector affiliates, faculty and students at the University of Kansas, the IBRC assists small and medium-sized Kansas companies explore available trade opportunities and broaden international business skills. Particular emphasis is placed on the emerging role of electronic communication resources (the Internet) in developing international business opportunities for firms located in the heartland of the United States.

Also, don't forget Paul Pacter's great international accounting site at http://www.iasplus.com/ 

OSU

AMIS Faculty Home Pages
Fisher College of Business
In the Classroom
Waleed Muhanna's Home Page

Accounting Software and Related Software

Accounting Textbooks, Software and Instructional Aids

Wikipedia has a rather nice summary of accounting software at http://en.wikipedia.org/wiki/Accounting_software
 

Bob Jensen’s accounting software bookmarks are at http://www.trinity.edu/rjensen/Bookbob1.htm#AccountingSoftware

For Educators
Bob Jensen's threads on tools and tricks of the trade are at http://www.trinity.edu/rjensen/000aaa/thetools.htm

"So you want a new desktop accounting package?" by David Carter, AccountingWeb, June 5, 2007 --- http://www.accountingweb.com/cgi-bin/item.cgi?id=103569

David does not mention my oft-preferred alternative of a Webledger system (such as NetSuite) that can be accessed at a range of needs and sizes and prices with some huge advantages over installing accounting software on your own hardware --- at http://www.trinity.edu/rjensen/Webledger.htm

Bob Jensen's helpers on accounting software alternatives are http://www.trinity.edu/rjensen/Bookbob1.htm#AccountingSoftware


Peachtree Accounting Practice Sets --- http://www.perdisco.com/peachtree/


"Technology 2012 Preview: Part 1 Experts explain what should be at the top of your tech wish list for the new year,"  by Jeff Drew,  Journal of Accountancy, November 2011 ---
http://www.journalofaccountancy.com/Issues/2011/Nov/20114310.htm


December 3, 2011 message from Rick Newmark

For collaboration tools, we used Sharepoint in our intro to MIS course, which is required for all business students. Since we adopted Pearson products, Pearson provided with the full version of Sharepoint and 200 access codes. Students can rent the ebook for 180 days on Coursesmart for $24 (list price of hard copy is $56). My techphobic students struggled with learning Sharepoint, and all of us, I included, did take some time to get the hang of it. I think Sharepoint makes a great tool for an AIS course because students have to make many security/control/access decisions for their own group sites. For example, what kind of permissions do you grant to various people/groups? How are you going to control access to documents? Are you going to use check-out/check-in for documents or are you going to let multiple people edit simultaneously?

I am going to use it in my graduate AIS course next semester for the reasons stated above and because they will likely use Sharepoint or some other set of collaboration tools in their professional careers.

Rick Newmark

 


"2010 Tax Software Survey," Journal of Accountancy, September 2010 ---
http://www.journalofaccountancy.com/Issues/2010/Sep/20102892.htm

AccountingWeb's 2009 Tax Software Review for Professionals, November 2009

Featured Tax Software

·         ATX

·         CrossLink

·         Drake

·         GoSystem Tax RS

·         Great Tax

·         Intuit ProLine Lacerte Tax

·         Intuit ProLine ProSeries

·         Intuit ProLine Tax Online Edition

·         Orange Tax Suite

·         ProSystem fx Tax

·         TaxACT

·         TaxWise

·         TaxWorks

·         UltraTax CS

Bob Jensen's accounting software helpers --- http://www.trinity.edu/rjensen/Bookbob1.htm#AccountingSoftware

Bob Jensen's taxation helpers --- http://www.trinity.edu/rjensen/Bookbob1.htm#010304Taxation


Business Technology from Business Week Magazine --- http://bx.businessweek.com/business-technology/

The Journal of Accountancy has a great monthly technology section (with particular focus on things you never, ever thought you could do with MS Office, particularly Excel) --- http://www.journalofaccountancy.com/
The Q&A modules are particularly informative and should be centralized in one place in addition to monthly editions.

Bob Jensen's threads on accounting software --- http://www.trinity.edu/rjensen/bookbob1.htm#AccountingSoftware

Bob Jensen's threads on education technology --- http://www.trinity.edu/rjensen/000aaa/0000start.htm

RIP:  The End of Microsoft Office Accounting
Microsoft is formally backing away from the small business accounting market after announcing that the Office Accounting program will no longer be distributed after November 16, 2009. In addition, the Microsoft Professional Accountant's Network (MPAN) will no longer accept new members as of that date.
AccountingWeb, November 4, 2009 --- http://www.accountingweb.com/topic/technology/end-microsoft-office-accounting

Bob Jensen's accounting software threads are at http://www.trinity.edu/rjensen/Bookbob1.htm#AccountingSoftware

 

Software Buying Guides
 SMB Finance and Accounting Checklist


February 6, 2008 message from CHRISTINE KLOEZEMAN [ckloezem@PRODIGY.NET]

At Glendale Community College in California we teach our Financial Accounting and Basic Accounting without a computerized accounting program. I have previously included both a tutorial computerized accounting program and later a commerical accounting program. It took too much time out of the class that meets 5 hours a week.

Instead we have a Computerized Accounting class that uses Quickbooks Pro that is required for the Accounting AA. We also have Payroll accounting that uses Quickbooks pro. We were using Business Works (lower version of MAS 2000) but Quickbooks was suggested by our Advisory Committee. We also have a Advanced Computerized Accounting class that teaches Peachtree and others. We also require students to take Excel to get both a certificate and an AA.

Christy


February 6, 2008 message from Carol Flowers [cflowers@OCC.CCCD.EDU]

We have the financial /managerial accounting class meeting 5 hours per week and using epacks. However, we have a "computerized accounting" course that stands alone and is required for an AA degree. In that course, the student completes an integrated accounting package and also excel. We also offer stand alone courses in Quickbooks, Payroll and MAS 90/200.

We have found that our population learns the concepts better with pen and paper (for lack of a better word) and then we use the Computerized Accounting to re-enforce their principles while exposing them to industry software and excel.


June 7, 2007 message from Ray Slager [slgr@CALVIN.EDU]

I wonder if anyone is currently using commercial software in their courses. I tried to use QuickBooks at one time but the company makes it very difficult to use. First of all it must be loaded on each computer - not on the network. Secondly it needs to be updated each quarter for the payroll module to work and of course the entire package must be "upgraded" every two or three years. Does anyone know if this is still the case?

Does anyone use other commercial software that is easier to administer? I currently am using MYOB and find it very easy to use. I currently am looking at their latest version and think it is very promising. It can be loaded on a file server and comes in a "10 pack" - good for use on 10 computers for about $300.

Ray Slager
Calvin College

June 7, 2007 reply from Davidson, Dee (Dawn) [dgd@MARSHALL.USC.EDU]

We use Peachtree and get the software free for the network. Use this link. http://www.peachtree.com/training/educational_partnerships.cfm 

Find the license and application forms. Fax them to Peachtree and the software CD will be mailed to you. They send you last year's version - we just received 2006 - but the changes are very minimal year to year. Each spring we send in the forms and get a new CD to be installed on the network for the following school year. We develop our own exercises, but they also have education material available. Hope that helps.

dee davidson
Leventhal School of Accounting
Marshall School of Business
University of Southern California
(213)740-5018 tel (213) 747-2815 fax

dgd@marshall.usc.edu 

June 7, 2007 reply from Formosa, Jim [Jim.Formosa@NSCC.EDU]

We are using QuickBooks but are looking at Microsoft's accounting software for small business. We have the same problems you describe with QuickBooks.

Jim Formosa, MS, CPA
Certified Senior WebCT Trainer
Associate Professor of Accounting
Nashville Community College
615-353-3420 FAX 615-356-1213

June 7, 2007 reply from Fisher, Paul [PFisher@ROGUECC.EDU]

I have found that Peachtree is much better. I am running an older version, but it does not seem to matter. Peachtree provides an educational version that does not lock the student out after 25 visits, and does not have the payroll deadfall. It also has a "tutorial"

embedded that makes it almost textbook free if you are willing to produce class handouts. I am going to be attempting Timberlake for a construction program. Anyone have experience in that?

Paul

June 7, 2007 reply from Prachyl, Cheryl L [cprachyl@UTA.EDU]

I use Peachtree. They provide a free educational site license. The educational version is one year behind the currently marketed version, but I don't find that to be a problem.

I tried using Quickbooks for one semester but we had no money in our budget to purchase the software. We got a donation to the department for a one year site license but we had problems with the installation in our labs.

I have found that Peachtree works well. It also can reinforce the "cycle" approach to business through the navigation aids.

Cheryl Prachyl
University of Texas at Arlington

June 7, 2007 reply from Leslie Kren [lkren@UWM.EDU]

I use SAP in my cost management courses. SAP is the leading ERP system and using it in the classroom provides exposure to the 'big systems' most of our students see in practice. The startup cost for me was quite high several years ago, but now the SAP University Alliance is quite active and provides summer workshops and substantial assistance with instructional materials to interested faculty.

Leslie Kren, PhD, CPA
Associate Professor
Lubar School of Business
University of WI - Milwaukee
3202 N. Maryland Milwaukee, WI 53201
414 229-6075 fax: 414 229-6957

lkren@uwm.edu
http://www.uwm.edu/~lkren/ 

June 8, 2007 reply from David Fordham, James Madison University [fordhadr@JMU.EDU]

Ray,
I guess my answer is no and yes. I don't use it in class, but I use it in the course.

The first half of our basic systems course is spent on systems concepts relating transaction cycles and the traditional accounting systems flows and operations. We don't demonstrate any commercial software, we mainly concentrate on manual paper document flow to teach them the use of documents like reqs, PO's, receiving vouchers, invoices, etc. and mention that "most of this flow is now computerized." During the second half of the course, while the classroom activities are covering stuff like REA (organization), XBRL (retrieval and reporting), SDLC, information security, PoET, networking, etc., the students are engaged in a lengthy homework assignment (5 weeks long): a group project wherein they, without help or assistance from anyone, keep the books for a small hypothetical company for a month (the shoebox full of receipts concept), by using a commercial software package of their choosing.

They not only choose the package, they must buy it, and then teach themselves how to use it, on their own. This includes setting up the master files, creation of the chart of accounts (or modification of the stock chart to eliminate the hundreds of fluff accounts not required by this company), entry of the month's of data, creation of reports (including some involving the report writer), plus the internal controls necessary for the company to use their particular software package, which might involve form design and creation, etc.

The project is done in student groups (3, 4, or 5 students). The students must first evaluate several packages, and then get approval from the professor for the package of their choice. Since I don't use a textbook for the main part of the course, I expect them to pool and spend their "Textbook" money on a legal copy of the commercial software ($150 per student should give them about $400-700 for software, although some groups try to find suitable packages for under $300). I'd say the average group spends about $400 for their software.

The case is complex enough that the "demo" versions and the low-end versions of packages like Quickbooks and Peachtree absolutely won't suffice. In fact, even the mid-range versions won't be usable UNLESS the group goes to a heckuva lotta trouble designing manual internal controls, in which case their controls usually begin interfering with the efficiency and effectiveness of operations. What's more, low-end package groups often must resort to additional tools to provide some of the required reporting information: excel, etc., and eventually their accounting "system in toto" begins to get quite cumbersome. Students learn valuable lessons in software features versus advertising, features vs. usability, software-based controls vs. manual controls, etc. Plus, during the evaluation phase, they get to compare packages based on the criteria we cover in the first part of the course vis-a-vis the handling of the critical/non-critical data elements, transfer of data between job fun! ! ctions within the company, etc.

They learn one package well enough to put it on their resume, and they get some exposure to one or two others. The fact that they learn it on their own surprises most of my colleagues from my generation, but I've found that after having the accounting system concepts explained to them, and getting some "manual or semi-automated" transaction cycles demonstrated and illustrated, they can pick up the software a whole lot better than my generation. They use the tutorials, they use on-line help (they can use any aid except for a living human -- they can't use email help, for example -- but they can use existing on-line user group posts, blogs, etc. as long as they haven't posted something to the source in question). They get two 30-minute "consulting" sessions with the professor if they get in trouble. Most groups need at least one of those sessions, but I never need to teach them how to use the software, their problems are usually more related to efficiency vs. controls.

Yes, it is a boatload of work, for both the students and for me. But the project counts the same as one of the two major exams, and although they complain about the amount of work while they are doing it, in the end, their deliverable is immensely personally satisfying. Very few of them recocmmend dropping the project from the course (or even scaling it back) in the end-of-course evaluations.

The ability of today's students to rise to the challenge of teaching themselves the intricacies of today's complex commercial software is truly amazing to some gray-haired baby boomers like myself. Thus, I don't spend class time on any commercial package anymore.

(Yes, some groups do make some mistakes in their selection, and learning from their mistakes often turns out to be one of the most effective learning strategies.... this is education, after all, and mistakes aren't fatal.)

So we use commercial accounting software in the course, but not in class.

David Fordham
James Madison University

June 10, 2007 reply from Tom Sentman

Hi David,

I really like your approach to exposing students to accounting software in your class.

Do you teach this course to beginning or second year students?

What are some of the accounting software packages your students have used?

Is there a way that I could obtain an outline and/or syllabus for your course? It would be most appreciated.

Tom Sentman
Springfield, MO

June 11, 2007 reply from David Fordham, James Madison University [fordhadr@JMU.EDU]

Tom, my course is designed to be taken in the junior year, but some put it off until the first semester senior year. Students arrive having taken principles 1 and principles 2, plus Intermediate 1. Some have also taken Intermediate 2, Tax, and a few have even taken Cost. My course is the pre-req for auditing.

Students have used lots of different packages, but the high-end Peachtree Pro Plus, Great Plains, Microsoft Small Business Pro, and similar packages (those in the $250 to $500 price range) seem to be the most popular. My case calls for more than simple 'sell four products to two customers'. It requires departmental sales reporting, consignment, commissions, differing terms for different customers, taxable and non-taxable sales, different tax rates, freight prepaid and collect, FOB shipping point and destination, and even some non-traditional stuff (I call them "easter eggs" because the students have to find them -- critical thinking exercise!) such as a sale that isn't really be a sale, a sale that might or might not be a sale, a purchase that isn't really a purchase, etc... I don't stick to the easy accrual/deferral stuff, I want them to have to stop and think. The reports I ask for are analyses not normally found in the $19.99 packages.

I use Blackboard for the course, and my institution is pretty stingy with the guest log-ins since we put copyrighted materials on our Blackboard webs. Can you give me a personal email and I'll shoot you a PDF copy of the syllabus and course calendar.

The case is one that I came up with. I've been using it and polishing it for about 15 years, and about a dozen other AIS profs (including Nancy Bagranoff) have used it too, but no one is interested in publishing it -- I'm too busy to waste time coming up with the darn "learning bjectives", "teaching notes", and "assessment instruments" junk that the gatekeepers demand these days. (I'm at the point in my career where I don't have to lick quite as many boots as I used to, back in the days when I was young and foolish...) I'll be happy to send you the case and give you permission to use it if you think it would help your students. Like I said, it basically is an exercise in thinking as well as software learning. What I like about it is that the students have to do this "on their own", with only two "consulting sessions", so it forces them to think before they come into my office. It is amazing how many students rise to such a challenge and can think and think well when calle! ! d upon. And as I said before, learning software is something that the kids today can do with their eyes shut (... or glued to their iPhone, or YouTube, or MySpace, etc.)

David Fordham
PBGH Faculty Fellow
James Madison University


New and enhanced features in QuickBooks 2010 ---
http://www.accountingweb.com/topic/technology/new-and-enhanced-features-quickbooks-2010


2008 Quickbooks Update

December 12, 2008 message from Scott Bonacker [lister@BONACKERS.COM]

Hello Scott,

 

Thank you for contacting me.  Here is some information for your records.  Click on any of the hyperlinks below for more information and please let me know if you have any questions. 

The Instructor's Resource Center for QuickBooks is located at www.accountant.intuit.com/iep. Go to Register Now and enter your institution's information.  If you do not have your license number (it is a required field) you may enter "IEP" in the license number field.    This will give you full access to the fifteen lesson plans, reviews and PowerPoint presentations.  The lesson plans are for your use only.

DON'T FORGET the Educator's Corner!  Discussion forums, tools, resources and allows the sharing of curriculum from review exercises and quizzes to test questions. 

Pricing is as follows for software used for instructional purposes:    Site licenses come with a 2 year site license agreement to be filled out by the user and returned to Intuit.   Site licenses are strictly for classroom installation for instructional purposes.

NEW ! ! - QUICKBOOKS PREMIER ACCOUNTANTS EDITION IS HERE - Access other versions of QuickBooks 2009 through the Accountants Edition with the toggle feature. Click here to learn more!   The appearance and basic workflows are the same as Pro, but you will also have access to all versions of QuickBooks 2009 (Simple Start, Pro and all of the Industry Specific Versions).  

    • 10 Pack $259.95 - QuickBooks 2009 Premier Accountants Edition for Windows  
    • 25 Pack $399.95 - QuickBooks 2009 Premier Accountants Edition for Windows   
    • 50 Pack $599.95 - QuickBooks 2009 Premier Accountants Edition for Windows   
    • 2008 QuickBooks Student Guide $36.95.  The 2009 text is be $45.95, and includes a 140 day trial CD that student can install on their personal equipment.
    • QuickBooks Pro Academic Version  - CLICK HERE for eligibility requirements and description 

QuickBooks Pro for their individual academic use at a special discounted price:  Bookstores can purchase four or more licenses at 15% discount direct through Intuit's Education Program.  Students can purchase independently by contacting one of Intuit's approved resellers:  Academic Superstore, (800) 817-2347 or Genesis, (800) 433-6326.

QUICKBOOKS USER CERTIFICATION   CLICK HERE for more information. Get 50% off the regular price!  Get the Training & Exam for only $49.98!  Please let me know if this is something you would like to include in your curriculum.   I will need to assign a code to your class so they receive the discount.  Initially each user will need to sign up for the certification through the web site.  Bulk pricing and sign up will come at a later date.   

 

INTEREST IN PERSONAL FINANCE AND QUICKEN?  - Go to www.quickeneducation.com for more info.

Additional Resources and Tools      

20% off Interactive CD Training! -  A great tool to help you learn and teach QuickBooks in your classroom.  Wonderful for overhead presentations.

ProSeries PowerTax Library - Free software for educators. For classroom/instructional purposes only. Click here to view the License Agreement

Ordering Information

FAX or email - DO NOT MAIL - Purchase Orders and State Tax Exempt Certificate to 520-844-6412 or education@intuit.com

The Intuit payment address that will appear on your invoice is Intuit Inc., PO Box 513340, Los Angeles, CA 90051-3340

Credit card and EFT orders are also accepted

If you have any questions, please feel free to contact me.  

LISA SCHWARTZ - INTUIT EDUCATION PROGRAM   - TUCSON, AZ   

(866) 570-3843 - Fax 520-844-6412

education@intuit.com - www.accountant.intuit.com/iep

Bob Jensen's threads on accounting education software are at http://www.trinity.edu/rjensen/Bookbob1.htm#software

Bob Jensen's threads on accounting software in general are at http://www.trinity.edu/rjensen/Bookbob1.htm#AccountingSoftware

Peachtree Accounting Practice Sets --- http://www.perdisco.com/peachtree/


New and enhanced features in QuickBooks 2010 ---
http://www.accountingweb.com/topic/technology/new-and-enhanced-features-quickbooks-2010


Also see Accounting Software at http://www.trinity.edu/rjensen/Bookbob1.htm#AccountingSoftware 


Excel, JavaScript, and Other Helpers and Videos --- http://www.trinity.edu/rjensen/HelpersVideos.htm


Free Access to Back Issues of The Accounting Review --- http://maaw.info/TheAccountingReview.htm


Auditing and Audit Sampling Software

May 2, 2006 message from Douglas Ziegenfuss [dziegenf@ODU.EDU]

I teach a graduate IT Auditing course in which we use both ACL and Idea. Both are taught because both are used in the business world. We use the version of ACL that comes with Hall's IT Auditing book. Idea sells the students a version and workbook for $25 per student and gives us a free copy of the software and workbook. The students then load the software on their laptops and bring them to class. This turns any classroom into a lab. The students generally like IDEA better but still enjoy ACL.

I hope this helps.

Douglas E. Ziegenfuss
Professor and Chair,
Department of Accounting
Room 2157 Constant Hall
Old Dominion University
Norfolk, Virginia 23529-0229

ACL Business Assurance Analytics --- http://www.acl.com/solutions/audit.aspx?bhcp=1
ACL is bundled with some auditing software textbooks, such as the Rittenberg text --- Click Here 

IDEA Data Analysis Software --- http://www.audimation.com/product_feat_benefits.htm

May 2, 2006 reply from Roger Debreceny [roger@DEBRECENY.COM]

Over the years I have switched between ACL and IDEA. I currently use IDEA in my teaching. A major factor is that students greatly value having the ability to work on their own computer. I do not think there are substantial differences between the products or that the file size restrictions is a major problem.

Roger

Bob Jensen's threads on accounting and auditing software are at http://www.trinity.edu/rjensen/Bookbob1.htm#AccountingSoftware


Top Ten Emerging Technologies According to CFO Magazine in October 2002

THE NEED-TO-KNOW LIST
1. XBRL
2. Business Intelligence
3. Wireless Connectivity
4. Grid Computing
5. Multivariable Testing (MVT)
6. Digital Cryptography
7. Rich Media
8. Internet2
9. Biometrics
10. Small Technology

XBRL tops the list.  Bob Jensen's threads on XBRL are at http://www.trinity.edu/rjensen/XBRLandOLAP.htm#XBRLextended 


Recommended Reading in Accounting, Finance, and Business

"Recommended Reading," by Beckey Bright, The Wall Street Journal, March 26, 2006 9:21 p.m.; Page R2 --- http://online.wsj.com/article/SB114305346764805424.html?mod=todays_us_the_journal_report

Bookkeeping and Accounting

 "Streetwise Finance and Accounting ... How to keep your books and manage your finances without an MBA a CPA or a PhD," By Suzanne Caplan
"While sales and marketing are the driving forces to get the cash register ringing, it's the dull task of crunching numbers that determines what the business owner gets to keep! The problem is that most small business owners hate dealing with numbers. This book is an easy to understand primer for the business owner who wants … and needs … a basic understanding of accounting and finance."
 
 "Small Business Accounting Simplified," By Daniel Sitarz
"Every year tens of thousands of small businesses fail because the owners have been unable to manage their financial affairs properly. Simplified for use by nonaccountants, this book explains the fundamentals of small-business bookkeeping in plain language and provides a comprehensive set of clear and understandable forms for tracking a small business's finances."
 
 

Finances and Investing

 "Savvy Investing for Women," By Marlene Jupiter
"This book takes a basic approach to help readers understand the world of money and investments, how to evaluate your risk tolerance, and how to create and manage a wealth-building strategy that works. Whether you are just starting out in the work force, recently inherited a family fortune, or have arrived at the peak of your career, it presents a very good base of information on strategic investing and protecting your assets as your life changes."
 
 "Wake Up and Smell the Money," By Ginger Applegarth
"For those of you who have come to realize that if your stock broker was so smart he (or she) would be retired by now, it's time to take a hard look at your financial habits and get some good old fashion money smarts. This book offers readers an excellent guide to build wealth on real street savvy time tested methods. While this book doesn't promise you a windfall or that you will become a multi-millionaire … it does offer valuable advice and guidance and just might be the best investment you'll make this year."
 
 "Values Based Financial Planning," By Bill Bachrach
"While there is a never ending stream of books on investing, most of the books were written by people who presume the reader already has bushel baskets of money lying around to invest. So what about the people who are not at the point where they have substantial money to plant and grow? This book takes a solid business approach to financial planning and a program similar to a business plan. In other words, one philosophy doesn't fit every person. Before you can achieve better financial success you have to determine what your priorities are and what will motivate you."
 
 

Taxes

 "Schedule C from A to Z - The Sole Proprietor's Guide to Tax Savings," By Robert Hughes, CPA
"With more and more sole proprietors taking on the task of doing their own bookkeeping and tax returns, not having a solid understanding of what makes up the Schedule C return means that many, if not most, sole proprietors overpay taxes by hundreds or thousands of dollars. This guide de-mystifies taxes that apply to the self-employed with the aim of helping business owners increase cash available to help their businesses prosper and grow. It takes the reader step-by-step through each line of the Schedule C and includes information to help them understand and comply with IRS rules. The updated full version for the 2005 tax year is available at
www.NASE.org/scheduleC."
 
 "Tax Savvy for Small Business," By Frederick W. Daily
"Most people don't go into business to be tax experts, but not having a basic understanding of business taxes is an expensive error to make. One of the most common mistakes small business owners make is thinking that they can just turn all their financial matters over to a bookkeeper or accountant. However, the first rule of business finances is that nobody, absolutely nobody, is going to have as much concern for your money as you will! This book is one of the best plain language books on small business taxes. Unless you have an army of accountants working for your business this book is a must read.
 
 

Raising Money

 "Where's the Money?" By Art Beroff and Dwayne Moyers
"Raising capital can be frustrating for any business. While there is no book that can guarantee you will find the money you need to start or grow a business, this guide slashes through much of the red tape and confusing jargon to put financing solutions at your fingertips. Unlike many other books on small-business financing, this book offers up expert tips, advice and secrets for writing financial statements that appeal to different audiences, filling out loan applications that get results, anticipating investor questions, and how to present your business, and yourself in a professional manner.
 
 "Investors in Your Backyard: How to Raise Business Capital from the People You Know," By Asheesh Advani
This is an excellent resource to find the information, documents and calculators you need to put a deal together and negotiate all the particulars to convince people to invest in your business. You'll find step-by-step instructions on how to raise business capital from non-traditional sources such as bank – capital in forms such as gifts, loans or equity investments – from people you already know or who know people you know. Once you have the investment team together Investors in Your Backyard will help you create the paperwork to formalize the deal and protect both sides' interests.
 
 

Marketing

 "Money-Tree Marketing," By Patrick Bishop and Jennifer A. Bishop
Written for business owners who want to achieve higher than normal yields from their marketing efforts, this book helps entrepreneurs generate customers, regardless of the business owner's budget or marketing experience, by keeping to the basics and capitalizing on what the competition "might not be doing". This book helps a small business owner increase their profits by using some unique techniques that entice potential customers into their business. More importantly, it identifies ways to make a business more customer friendly, use a customer profile to get in-depth knowledge about customers and to keep those customers coming back for more.
 
 

Legal

 "The Legal Guide for Starting & Running a Small Business," By Fred S. Steingold
Legal questions come up everyday that make business owners scratch their head and wonder what to do. Will incorporating your business give you more liability protection? Do you have all the proper permits and licenses? These are just a couple of the hundreds of questions that are routine in everyday business. Having a resource to get a basic understanding of small business legal issues is not any further away than reaching for this excellent resource of street savvy small business legal information.
 
 "Small Business Legal Smarts," By Deborah L. Jacobs
"This simple to understand book will offer readers enough information about legal issues in business to raise those little red flags in your head when something needs closer attention. Actually, it is more like a big Q&A book and a reference tool with a twist. It's organized completely around the needs of micro and small businesses. This book filters out the legalese and untangles some of the most frequent questions an entrepreneur might encounter."
 
 "The Employer's Legal Handbook," By Fred S. Steingold
For any employer, with 1 or 50 employees, having access to a well laid out reference book of "answers" is important to staying out of trouble and getting the most out of their employees. In this case this book offers a sensible, real life, approach to dealing with employees and all in easy to understand language from the initial hiring process - and asking or saying the right things - to firing an employee without getting your pants sued off.

 

 



 

Financial Statement Analysis Software

September 3, 2005 message from Angela Lee

Dear Robert Jensen,

In case you missed our demonstration at the American Accounting Association conference in San Francisco, we hope you will find the information below helpful.

FinancialZ, Inc. is a financial software company based in Tempe, AZ. We have an Educational version of our software, Financial Grammar, which is currently being used at universities across the country.

The software is best utilized in managerial finance courses to teach analysis of financial data. It is designed as a teaching enhancement tool to accelerate students' learning of financial analysis concepts (i.e. how to spot red flags). It can be used in either MBA or undergraduate classes. In addition, some of our client-universities currently use it in entrepreneurial courses, financial statement analysis and business development courses. The software is CPA- engineered, (US) GAAP compliant and can be used for AICPA review courses.

In order to download a trial version, go to: www.financialzinc.com . If you look under the PRODUCTS tab, a PDF formatted brochure can be downloaded.

The software can be delivered via CD-Rom or downloaded to the student's computer. The cost is $34.95/per student/per course. If you are interested in incorporating this tool in just one class it can be purchased, by the student, directly from our website using a designated school code.

I invite you to download and experience our software. I will follow up with you again next week to answer any questions that you may have. In the meantime, please don't hesitate to contact me at the number below.

Best regards,

Angela Lee Director,
Marketing FinancialZ, Inc. 480.941.4567

www.financialzinc.com


For 20 years Cougar Mountain Software has been a leading developer of not-for-profit accounting software. Many of the nation's largest non-profit organizations and government agencies depend on Cougar Mountain to provide a fully-integrated software solution, powerful enough to meet their growing needs.

Click below to learn more about the Cougar Mountain FUND Accounting® for Windows® software package. http://www.as411.com/DomBanAd.nsf/WebAdClick?OpenAgent&A=COUGAR-LNK1 


"Consolidation In The Accounting Software Industy: Two Perspectives," by Scott H. Cytron, AccountingSoftware.com --- http://www.as411.com/AcctSoftware.nsf/00/TIS22003246 


February 16, 2003 message from Gerald Trites [gtrites@STFX.CA

The Canadian Institute of Chartered Accountants has a publication "Information Technology Control Guidelines" which was published in 1999. The book is quite large and there has been some talk about a possible decision support system that might be developed, loaded with the ITCG guidelines, placed on a CD and used in the field for assistance in analyzing system controls for particular systems/companies and developing recommendation letters. I would think the preferred approach would be to find a suitable shell and then build the system around it. In the course of my research of a good system, I came across VP-Expert which at one time was highly recommended, but it is DOS based and appears to be out of date. There is a variety of others. Does anyone have knowledge of a good DS shell that might be useful for this application and that would run on current Windows platforms? It should have run-time capability so the CD can run on its own.

Any advice you might have would be most appreciated.

Gerald Trites, FCA 
Professor of Accounting and Information Systems 
St Francis Xavier University Antigonish, 
Nova Scotia Tel.  
Website -
http://www.stfx.ca/people/gtrites 

The CICA home page is at http://www.cica.ca/ 


October 12, 2002 message from Scott Bonacker, CPA [scottbonacker@moccpa.com

I don't know anyone that is using this yet, but this product may be of interest. It doesn't seem to be all that expensive."...a fund accounting software solution that's designed to meet the specialized needs of nonprofit organizations. Designed as a companion application to Intuit's popular accounting programs

QuickBooks Pro 2002..."

 

http://www.nonprofitbooks.com/qbpro_info.asp

http://www.nonprofitfinancial.org/sw/

http://quickbooksusers.com/nonprofit.htm

http://www4.compasspoint.org/p.asp?WebPage_ID=385

http://www.smallbusinesscomputing.com/biztools/article.php/1025041


November 29, 2002 message from CompAcct Solutions Ltd. [csl@COMPACCTSOLUTIONS.COM

Our company has recently developed an entry level computer accounting program called Breeze Basic Bookkeeper. We have received a positive responce from educators who have tried the program. The program is designed around GAAP using an approach that you might find in a 1st year accounting textbook. The program was designed by an accountant to do basic bookeeping without the glitz and glitter that a lot of programs use to purposely hide basic accounting principles. You will see no flashy invoice or check screens in this program. Journal entries are made in standard Debit/Credit format in an easy to use Journal Form. The program has a Debit/Credit Helper to assist the beginner get orientated into the proper use of debits and credits.

You can download a Free Demo at http://www.compacctsolutions.com 

The price of a single user license is US$69.95. However, Lab Discounts, which combine a volume and educational discount, are available by request for qualifying Educational Institutions. The lab discounts range from 45% to 65% depending on the number of users starting at a 5 user license. Send an email to csl@compacctsolutions.com for complete information on the discounts available and how to take advantage of the discounts.

Bryan


Software at huge educator discounts www.edu-software.com  or call us 800-679-7007


Business office software tools (including accounting and tax software)
Phil and Mac's Secret Free Place --- http://www.maxpatch.com/misc4.html 
Readers should definitely take a look at this annotated software index, although some items appear to be out of date.


A review of accounting software (commercial not academic apps) http://www.cfo.com/buyers_guide/index_article.html 


High-End Accounting Software Vendors http://www.cfo.com/buyers_guide/high_end_chart_1.html 
Search the high-end packages that generally target companies with revenues over $100 million. Vendors are listed by the integrated functions, integrated manufacturing, Internet functions, platform, and pricing.

Midrange Accounting Software Vendors http://www.cfo.com/buyers_guide/mid_range_chart_1.html
Search the midrange packages that generally target companies with revenues under $100 million, and find which vendors offer the right mix of functions and compatibility.

 Bob Jensen's Threads on Webledgers (e.g., NetLedger) for Distributed Network Computing of Accounting Systems and Business Services  http://www.trinity.edu/rjensen/webledger.htm

The Securities and Exchange Commission (SEC) and the North American Securities Administrators Association (NASAA) have announced the launch of a new Web site designed to provide information about money managers, financial planners, and other investment advisors. http://www.accountingweb.com/item/59363 

Accounting Software 411 (AS411) --- http://www.accountingsoftware411.com/ 

Accounting Software 411 (AS411) is the place on the Web where you can find the latest news and information on accounting software products. This site is targeted to software consultants, software vendors and anyone who is either researching or is interested in information about accounting software and related solutions. Our goal is to create a community whereby everyone can learn and share their knowledge about the accounting software industry.

There is a great review of tax software in the following cover story:

"Ranking the Products," by Stanley Zarowin, Journal of Accountancy, October 2001, pp. 28-32 --- http://www.aicpa.org/pubs/jofa/oct2001/zarowin.htm 

Vendor Tax program Address Telephone E-mail address
ATX
Forms
Saber, Max
and Taxsolver
PO Box 1040,
Caribou, ME 04736
800-944-8883 sales@atxforms.com
CCH ProSystem fx 21250 Hawthorne Blvd.,
Torrance, CA 90503
800-457-7639 cust_serv@cch.com
Creative
Solutions
UltraTax 7322 Newman Blvd.,
Dexter, MI 48130
800-968-8900 sales@CreativeSolutions.com
Drake
Software
Drake Tax
Solution
235 E. Palmer St.,
Franklin, NC 28734
800-890-9500 drakeinfo@drake-software.com
Dunphy
Systems
1040 Professional
Tax Preparation
6740 Huntley Rd., Suite 103,
Columbus, OH 43229
614-431-0846 dunphy@dunphy.com
Intuit ProSeries 2535 Garcia Ave.,
Mountain View, CA 94043
800-934-1040 www.proseries.com
Lacerte/Intuit Lacerte 1040
Tax Software
13155 Noel Rd., 22nd Floor,
Dallas, TX 75244
800-765-7777 www.lscsoft.com
Micro Vision
Software
Tax Relief 1040 140 Fell Court,
Hauppauge, NY 11788
800-829-7354 www.microvisioninc.com
Orrtax
Software
IntelliTax 13208 NE 20th St.,
Bellevue, WA 98005
800-377-3337 webmaster@orrtax.com
TaxACT 2nd Story Software 5925 Dry Creek Lane, NE,
Cedar Rapids, IA 52402
800-573-4287 www.taxact.com
Taxworks By
Laser Systems
TaxWorks By
Laser Systems
350 North 400 West,
Kaysville, UT 84037
800-230-2322 www.taxworks.com
Universal
Tax Systems
TaxWise 6 Mathis Dr. NW, PO Box 2729,
Rome, GA 30164
800-755-9473 sales@universalsystems.com
Xpress Software Xpress Individual
Package
P.O. Box 280760,
Columbia, SC 29228
800-285-1065 www.xpresssoftware.com

 

 

Accounting Software Library http://www.excelco.com/tal.htm 

Ed Scribner provided the following links:

http://www.4accountingsoftware.com/ 

http://www.2020software.com/acct.htm 

The following has lots of great links. You might have to right click on it and paste it into your browser.

http://www.ecompany.com/webguide/0,1660,14554%7C121%7C0%7C0%7C1%7Ca,00.html 

The 2/20/01 PC Magazine has an article (pp. 144-152) that includes reviews of ePeachtree 3.0, NetLedger 5.0, Peachtree Complete 8, QuickBooks Pro 2001, and QuickBooks for the Web.  The reviews are linked at:
http://www.zdnet.com/eweek/stories/general/0,11011,2678673,00.html

Peachtree Accounting Practice Sets --- http://www.perdisco.com/peachtree/

Another great website is Payroll Online at http://www.payrollonline.com/ 

A great set of links to electronic journals and databases (unfortunately the software database links now have restricted access)
http://www.lib.polyu.edu.hk/electdb/index.htm

Accounting Journals Index
http://www.businessfinancemag.com/archives/appfiles/Topics.cfm?Action=Lookup
ABC Costing Glossary and Software http://www.rpm-abm.com/cami_idx.htm 
Jensen & Sandlin Survey of U.S. Accountancy Education Programs
Bob Jensen's Links to Accounting Software and Vendors
AccountingStudents is the complete online resource for accounting students
Bob Anthony’s Essentials of Accounting multimedia CD ROM http://www.cstone.net/~ivysoft/
Dan Gode (Accounting Tutorials)
So, you want to learn Bookkeeping! by Bean Counter's Dave Marshall --- http://www.dwmbeancounter.com/tutorial/Tutorial.html
RJ Interactive Home Page (Online Accounting, Publishing) (Richard J. Campbell)
Omnis Mus (George Bodnar)
Bruce Hutton CGA - Accounting: Software, Publications and Bookkeeping Software
Software Vendors
Omnis Mus (a general ledger practice set)
Accpac User Area
Accounting Systems -- Accounting System Locator / Selector
High Q Learning Products - Courseware - Software - Accounting Courseware, Accounting Education, Accounting Training
Great Plains Software - Higher education site
Microsoft's Accounting Industry Page
Peachtree Software  

Peachtree Accounting Practice Sets --- http://www.perdisco.com/peachtree/

SBT
Solomon Software
The CMA Review Online!
AccountingStudents.com
RJ Interactive Home Page (Online Accounting, Publishing) (Richard J. Campbell)
Darrell Walden at U. of Richmond - Accounting Information Systems
TAL Standard Edition "Quick LOOK" AIA Accounting Information Systems
Spreadsheets in Education
Welcome to CAROL (online annual financial reports)
The International Corporate Environmental Reporting Site / Milieujaarverslagen
Charles A. Dice Center for Research in Financial Economics http://www.cob.ohio-state.edu/~fin/dice/index.htm
 
Accounting Software Vendors Listed on Page 36 of the Journal of Accountancy, September 1999
Products Vendor Contacts
ACCPAC for Windows


ACCPAC International
Craig Downing
925-461-6716
http://www.accpac.com/ 
Acuity Applications
MAS 90 for Windows
BusinessWorks for Windows
State of the Art
Taylor Mac Donald
770-804-5845
http://www.sota.com
Crystal Reports


Seagate Software
Phil Walston
800-877-2340
http://www.crystalreports.com
Forest & Trees


Platinum Technologies
John Ulrey
603-430-6587
http://www.platinum.com
FRx


FRx Software
Robert Rohan
303-741-8000
http://www.frxsoft.com
Great Plains Dynamics
Great Plains Dynamics C/S+

Great Plains Software
Pamela Kram
281-265-1662
http://www.greatplains.com
Navision Financials


Navision Software--US
Geni Whitehouse
770-798-8386
http://www.navision-us.com
Peachtree Complete Accounting
for Windows

Peachtree Accounting Practice Sets --- http://www.perdisco.com/peachtree/

Peachtree Software
Cynthia Williams
770-564-5700
http://www.peachtree.com
Platinum for Windows
Platinum ERA

Epicor Software
Tami Eshelman
800-999-1809
http://www.epicor.com
QuickBooks Pro 99


Intuit
Richard Walker
619-453-4446
http://www.quickbooks.com
RealWorld Expertise.LAN
RealWorld Expertise.SQL

RealWorld Software
Christine Gilroy
800-678-6336
http://www.realworld.com
SAP R/3

Also see http://www.trinity.edu/rjensen/245glosap.htm 
SAP Software
Ken Bernstein
973-331-6000
http://www.sap.com
SBT ProSeries
SBT Executive Series

SBT Corp.
Brian Austin
415-444-9900
http://www.sbtcorp.com 
Solomon IV for Windows
Solomon IV for BackOffice

Solomon Software
Cindy Bechtel
419-424-0422, ext. 485
http://www.solomon.com
Traverse


Open Systems Accounting Software
Amy Reynolds
612-403-5726
http://www.osas.com

"Sizing Up NPO Software," Roberta Ann Jones, Journal of Accountancy, November 2000, pp. 28-44 --- http://www.aicpa.org/pubs/jofa/nov2000/jones.htm 

Software Search Here www.findaccountingsoftware.com 

Online Magazine (for Information Professionals) --- http://www.onlineinc.com/onlinemag/index.html

ONLINE is written for Information Professionals and provides articles, product reviews, case studies, evaluation, and informed opinion about selecting, using, and managing electronic information products, plus industry and professional information about online database systems, CD-ROM, and the Internet. This site contains selected full-text articles and news from each issue of the magazine. Direct letters to the editor to Marydee Ojala ( Marydee@xmission.com ). If you are interested in writing for ONLINE, please see the Authors' Guidelines.

e-Commerce and e-Business Helpers for Accountants --- http://www.trinity.edu/rjensen/ecommerce.htm 

A message from Julie Smith David [Julie.Smith.David@ASU.EDU
Arizona State University

I teach a course in software selection and evaluation, and the following is a list of sites that I have collected, with the help of several years of students.  The students have to research software products, and they use these sites to find articles, reviews and comparisons.  Therefore, they're not all appropriate for "comparisons," but they all seem to add value at some point in the class.  Perhaps the best for ERP and CRM is TechnologyEvaluation.com (has a selection tool that is REALLY good!).  Intelligent Enterprise is great for CRM, KM, and integration.   Hope these help!

MAGAZINES:
Business 2.0 <http://www.business2.com/> (http://www.business2.com/)
Business Finance Magazine <http://www.businessfinancemag.com/> (http://www.businessfinancemag.com/) Often has feature articles that highlight technology issues that CFO's and CIO's need to handle.

Business Week Online <http://www.businessweek.com> (http://www.businessweek.com)
Byte Online <http://www.byte.online> (http://www.byte.online)
CFO <http://www.cfonet.com/html/cfocont.html> (http://www.cfonet.com/html/cfocont.html)
CIO <http://www.cio.com/> (http://www.cio.com/)
CNN Interactive <http://www.cnn.com/> (http://www.cnn.com/)
Context <http://www.contextmag.com/> (http://www.contextmag.com/) Business Strategies for the Digital Age
Datamation <http://datamation.earthweb.com/> (http://datamation.earthweb.com/)
DB2 Magazine <http://www.db2mag.com/> (http://www.db2mag.com/)
e.biz by BusinessWeek <http://www.businessweek.com/ebiz/> (http://www.businessweek.com/ebiz/)
E&Y's Perspectives on Business Innovation <http://www.businessinnovation.ey.com/journal/loader.html> (http://www.businessinnovation.ey.com/journal/loader.html)

EAI Journal <http://www.eaijournal.com/> (http://www.eaijournal.com/)
ERP News Center by Allen David & Associates <http://www.softwarejobs.com/cgi-bin/swjobs/news.cgi?hits=10&action=show&category=/NEWS/ERP/&ion=TRADE&gcode=erp&skill=ERP&topic=Trade+Articles> (http://www.softwarejobs.com/cgi-bin/swjobs/news.cgi?hits=10&action=show&category=/NEWS/ERP/&ion=TRADE&gcode=erp&skill=ERP&topic=Trade+Articles)

Fast Company <http://www.fastcompany.com/homepage/> (http://www.fastcompany.com/homepage/)
Financial Times <http://www.ft.com> (http://www.ft.com)
FindArticles.com <http://www.findarticles.com> (http://www.findarticles.com)
Forbes <http://www.forbes.com/> (http://www.forbes.com/)
Forbes - directly to archives <http://www.forbes.com/forbes/archives/> (http://www.forbes.com/forbes/archives/)
Fortune <http://www.fortune.com/fortune/> (http://www.fortune.com/fortune/)
Harvard Business School Publishing <http://www.hbsp.harvard.edu/home.html> (http://www.hbsp.harvard.edu/home.html) No articles available on-line.

IBM Systems Journals <http://www.research.ibm.com/journal/> (http://www.research.ibm.com/journal/)
Inc. <http://www.inc.com/> (http://www.inc.com/)
Information Week <http://www.informationweek.com/> (http://www.informationweek.com/)
Infoworld <http://www.infoworld.com/> (http://www.infoworld.com/)
Intelligent Enterprise <http://www.intelligententerprise.com/> (http://www.intelligententerprise.com/)
Manufacturing Systems <http://www.manufacturingsystems.com/> (http://www.manufacturingsystems.com/)
Midrange Enterprise (soon to be APS) <http://www.apsmagazine.com/> (http://www.apsmagazine.com/)
Midrange ERP <http://www.mfg-erp.com/> (http://www.mfg-erp.com/)
Mobile Computing <http://mobilecomputing.com/> (http://mobilecomputing.com/)
News 400 <http://www.as400network.com/> (http://www.as400network.com/)
Purchasing Magazine <http://www.manufacturing.net/magazine/purchasing/> (http://www.manufacturing.net/magazine/purchasing/)

Red Herring <http://www.redherring.com/mag/home.html> (http://www.redherring.com/mag/home.html)
Software Magazine <http://www.softwaremag.com/> (http://www.softwaremag.com/)
Strategy & Business <http://www.strategy-business.com/index.html> (http://www.strategy-business.com/index.html)
US News & World Reports <http://www.usnews.com/usnews/home.htm> (http://www.usnews.com/usnews/home.htm)
Wired <http://www.wired.com/> (http://www.wired.com/)
ZDNet <http://www.zdnet.com/> (http://www.zdnet.com/)

ORGANIZATIONS:

American Productivity & Quality Center (APQC) <http://www.apqc.org/> (http://www.apqc.org/)
APICS-The Educational Society for Resource Management <http://www.apics.org/> (http://www.apics.org/)
Arthur Andersen Global Best Practices <http://www.arthurandersen.com/> (http://www.arthurandersen.com/)
ASP Island <http://www.aspisland.com/> (http://www.aspisland.com/) An organization serving the application service provider industry

Association of Computing Machinery <http://www.acm.org/> (http://www.acm.org/)
Benchmarking Partners <http://www.benchmarking.com/> (http://www.benchmarking.com/)
Cambridge Technology Partners <http://www.ctp.com/> (http://www.ctp.com/)
Center for Virtual Organization and Commerce <http://isds.bus.lsu.edu/cvoc/learn/bpr/mprojects/bp/bpbasics.html> (http://isds.bus.lsu.edu/cvoc/learn/bpr/mprojects/bp/bpbasics.html)

CorpTech -- Database of high tech companies <http://www.corptech.com/> (http://www.corptech.com/)
CORBA <http://www.corba.org/> (http://www.corba.org/)
Enterprise Integration Council <http://www.eicouncil.com/> (http://www.eicouncil.com/) Organization for Application Integrators

Ernst & Young: <http://www.ey.com> (http://www.ey.com) Lots of information about IT, industries, and strategy
ERP Super Site <http://www.erpsupersite.com/> (http://www.erpsupersite.com/)
Forrester Group <http://www.forrester.com/Home/0,3257,1,FF.html> (http://www.forrester.com/Home/0,3257,1,FF.html)
Gartner Group IT Vendor Direct <http://gartner4.gartnerwebcom/vendors/static/index.poll.html> (http://gartner4.gartnerwebcom/vendors/static/index.poll.html)

GIGA Information Group <http://www.gigaweb.com/> (http://www.gigaweb.com/)
The Hackett Group <http://www.thgi.com> (http://www.thgi.com)
International Data Corp. <http://www.idc.com/> (http://www.idc.com/)
Intraware's Everything XML <http://www.intraware.com/control/shop/TechTopics?page=index.jsp§ion=xml> (http://www.intraware.com/control/shop/TechTopics?page=index.jsp§ion=xml)

Intraware <http://www.intraware.com/index.html> (http://www.intraware.com/index.html)
MessageQ.com <http://www.messageq.com/> (http://www.messageq.com/)
Meta Group <http://www.metagroup.com/> (http://www.metagroup.com/)
Netscape's Small Business Source <http://netbusiness.netscape.com/login.psp> (http://netbusiness.netscape.com/login.psp)

Object Management Group (OMG) <http://www.omg.org> (http://www.omg.org)
Solution Matrix: The business case web site <http://www.solutionmatrix.com/> (http://www.solutionmatrix.com/) Resources for performing ROI, Cost-Benefit Analysis, and other justification processes.

SPEX for software evaluations <http://www.checkspex.com/index.htm> (http://www.checkspex.com/index.htm)
Supply Chain Council <http://www.supply-chain.org/> (http://www.supply-chain.org/)
TechnologyEvaluation.com <http://www.technologyevaluation.com/> (http://www.technologyevaluation.com/)
Workflowsoftware.com <http://www.workflowsoftware.com> (http://www.workflowsoftware.com

"How to Select the Right Accounting Software," by by J. Carlton Colling, Journal of Accountancy, October 1999 --- http://www.occpa.com/joasw3.htm 

"Sizing Up NPO Software, Roberta Ann Jones, Journal of Accountancy, November 2000 --- http://www.aicpa.org/pubs/jofa/nov2000/jones.htm 
NPO = Not-for-Profict Organization (including governmental agencies).

Accounting Software Directory http://www.bizforms.com/hlpchrt1.htm 

Each listing includes the manufacturer's name, software titles, platforms supported, price range, web site links and telephone numbers. A brief description of the company's software products is also included. Please note that Software Manufacturers almost always offer technical support for their own products on their respective web sites. Their sites frequently provide excellent business help or have excellent links to other sources for business help. We will mention when a software site includes help or access to resources that are of general interest to businesses of all kinds.

Accounting Software Review --- http://www.cpasoftwarenews.com/editorial/articles/1999/9-7.htm 

Accounting Software News --- http://www.accountingsoftwarenews.com/

"Software for Beyond the SOHO and Single-Office Environment"
By David B. Moody, CPA

[ACCPAC] [AccTrak21] [Champion Business Systems] [Cougar Mountain Software] [CYMA] [Database Creations] [DataModes] [eTEK International] [International Accounting Software] [Peachtree Software] [Red Wing Business Systems] [Sage] [SBT] [Sirius Software]

"High-End Accounting: Big Business Features with a Small Business Feel"
By David B. Moody, CPA

[ACCPAC International] [Appgen] [eTEK International] [Macola] [Open Systems] [Sage] [SBT] [Solomon Software] [SouthWare Innovations] [The Versatile Group] [Due-Diligence Table]

CPA Exam Review Courses and Continuing Education (CEP)

Accountancy Career Threads --- http://www.trinity.edu/rjensen/Bookbob1.htm#Careers

The Uniform CPA Examination Website --- http://www.cpa-exam.org/ 

CPA exam will increase focus on higher-order skills
"What Higher Order Skills Will be Tested on the Next CPA Examination," by Ken Tysiac, Journal of Accountancy, April 4, 2016 ---
http://www.journalofaccountancy.com/news/2016/apr/new-cpa-exam-201614166.html?utm_source=mnl:cpald&utm_medium=email&utm_campaign=04Apr2016

. . .

Why the exam is changing
The CPA exam is designed to provide state boards of accountancy reasonable assurance that those who receive passing grades have sufficient technical knowledge and skills to be licensed. The AICPA periodically conducts a practice analysis to ensure that the exam measures the right knowledge and skills to protect the public interest and meet the needs of the boards of accountancy as they license CPAs.

A practice analysis launched in early 2014 collected input from boards of accountancy, state societies, public accounting firms, academics, standard setters, regulators, and business and industry on the knowledge and skills needed by newly licensed CPAs. The research revealed that because of advances in technology and outsourcing of routine tasks, newly licensed CPAs increasingly need to use higher-order cognitive skills and professional skepticism while performing tasks such as planning and reviewing the work of others.

As a result, the research showed, the profession supports changing the exam to enable more testing of higher-order skills that would align more closely with the tasks newly licensed CPAs regularly perform.

“With this practice analysis, we heard from the profession that newly licensed CPAs not only need to have the knowledge, but they need to have higher-order skills,” Decker said. “They need to analyze financial and tax information. And they must be able to think critically and problem-solve in their day-to-day jobs.”

What’s new

The next CPA exam will continue to test in the familiar four sections—Auditing and Attestation (AUD), Business Environment and Concepts (BEC), Financial Accounting and Reporting (FAR), and Regulation (REG). The exam will place less emphasis on remembering-and-understanding skills, enabling higher-level analysis and evaluation skills to be tested:

  • The number of task-based simulations, a highly effective way to assess higher-order skills, will increase. Task-based simulations will be added to the BEC section for the first time, and the AUD, FAR, and REG sections each will have their number of task-based simulations increased to eight or nine.
     
  • Total testing time will increase from 14 to 16 hours. This will accommodate increases of one hour each for the BEC and REG sections. The extra time is being allotted partly because of the increase in task-based simulations. A review found that there is sufficient time for prepared candidates to complete the AUD and FAR sections.
     
  • Multiple-choice questions and task-based simulations each will contribute about 50% toward the candidate’s score in the AUD, FAR, and REG sections. In the BEC section, multiple-choice questions will contribute about 50% of the scoring, with 35% coming from task-based simulations and 15% from written communication.

In the past, multiple-choice questions were weighted about 60% in the total scoring of the exam. That will decrease to about 50% in the next exam.

“The profession is demanding stronger critical-thinking skills from newly licensed CPAs,” Decker said. “They need to be able to form conclusions in basic areas and identify issues in more complex and riskier areas. And, based on the feedback from our stakeholders, we have designed each of the exam sections based on a task and skill framework to meet those requirements.”

New blueprints for preparation
To prepare for the next exam, candidates will be able to use new blueprints that will replace the current Content Specification Outline (CSO) and Skill Specification Outline (SSO). The blueprints will provide candidates more detail about what to expect on the exam. The blueprints contain about 600 representative tasks, which are aligned with the skills required of newly licensed CPAs, across the four exam sections. The blueprints are designed to provide candidates with clearer information on the material the exam will test, and will show educators what knowledge and skills candidates need as newly licensed CPAs.

Continued in article

A Practice Analysis ---
http://www.aicpa.org/BecomeACPA/CPAExam/nextexam/DownloadableDocuments/2016-practice-analysis-final-report.pdf

 

Free CPA Review Course --- http://cpareviewforfree.com/

TUTORIAL AVAILABLE FOR NEW COMPUTERIZED CPA EXAM http://www.cpa-exam.org/ 

CPA Exam Slated for International Debut in August --- http://www.journalofaccountancy.com/Web/20113892.htm

CPA Experience Requirements Vary by State ---
http://www.becker.com/accounting/cpaexamreview/state/index.cfm  

For more details, check with your state's board of accountancy:


WileyCPAExamExcel:  CPA Exam Students’ Study Tips ---
http://blog.efficientlearning.com/cpa/cpa-exam-stories/cpa-exam-study-tips

Wiley's CPA Exam Efficient Learning ---
http://www.efficientlearning.com/

How a 17-Year-Old Female Passed the CPA Exam ---
http://blog.efficientlearning.com/cpa/cpa-exam-stories/17-year-old-passed-cpa-exam

Bob Jensen's CPA Exam Helpers ---
http://www.trinity.edu/rjensen/bookbob1.htm#010303CPAExam

Why Take the CPA Exam ---
 https://www.cpaexamguide.com/learn/cpa-exam-worth/


The Jr. Deputy Accountant finally got around to Texas:
"Don't Worry, We Didn't Forget Those Texas College CPA Exam Results," Adrienne Gonzalez, Going Concern, February 15, 2012 ---
http://goingconcern.com/post/dont-worry-we-didnt-forget-those-texas-college-cpa-exam-results

Jensen Comment
Even though I'm proud of the performance of Trinity University in 2011, once again I remind readers that there is much more variability among small universities like Trinity University that have so few CPA exam takers each year. The University of Texas at Austin is consistently at or near the top in Texas with low variability because it has a relatively large number of CPA exam candidates each year, and UT has relatively very high admission standards for the masters of accounting program. Trinity, on the other hand, is more likely to have good years and bad years due to small sample effects and loss of some of the best graduates (see below).

Because of Trinity has much higher tuition for an accounting masters degree than the state universities, there is some attrition of Trinity's four-year accounting graduates to the state universities, especially to the University of Texas at Austin. It was always sad to lose some of our best graduates to UT, but we knew UT would take good care of them.

Texas CPA examination performances are heavily impacted by SAT/ACT/GMAT exam scores of accountancy graduates. This is consistent with virtually all the other 50 states in the United States. Schools with the highest admission standards will have the higher performing graduates on average.

I don't attribute high CPA exam scores to curricula focused more heavily on teaching toward the CPA examination. When I left Trinity University, Trinity was experimenting with a CPA exam review course at the very strong request of accounting students in the masters program. I did not teach that course, but when I retired in 2006 the professor (Katherine Lopez) teaching the CPA review course was re-assigned to teach my Accounting Theory course. The CPA review course was dropped from the curriculum without having any adverse impacts on CPA exam performance of Trinity's graduates. I might add that when I taught Accounting Theory my students complained that the course really did not help them on the CPA examination. The topics covered (like accounting for derivative financial instruments, portfolio theory, risk metrics, financial structures, and securitization) are considered too complicated for the CPA examination ---
http://www.trinity.edu/rjensen/acct5341/acct5341.htm

We should not give too much credit to accounting faculty when their top students do well on the CPA examination. Because those students also are top performers in terms of SAT/ACT/GMAT exam scores, those students have more intellectual ability and motivation to get the most out of commercial CPA examination review courses like Becker, Bisk, Gleim, etc.


"Comparing CPA Review Courses," by Junior Deputy Accountant Adrienne Gonzalaz ---
http://goingconcern.com/2011/03/comparing-cpa-review-courses/#more-27710

We’ve gone over how to choose a CPA review course in the past but it seems we’ve been getting more emails than usual asking about specific review programs. Due to a potential perceived bias (this author was employed in CPA Review for four years), we have avoided covering this subject in detail until now.


The following list of review courses is by no means comprehensive and we do not endorse any of these courses (unless, of course, they would like to get in touch with our
advertising folks and set up a sweet deal to be pimped out). CPA exam candidates are highly encouraged to do their own research by checking blogs and forums. Coworkers can also be a good source of info but keep in mind colleagues are less likely than strangers on the Internet to be honest about their own performance so take any information you glean from them with a grain of salt.

Many have asked if additional supplemental products are necessary when dropping a big chunk of cash on CPA review. I generally tell candidates to save their pennies, get a $2 pack of index cards and make their own flash cards. Not only do you save money, by writing them out yourself you’ll actually see that you’re understanding the concepts better simply due to the mechanical motion of putting pen to paper.

We’ve included links to CPAnet where appropriate so you can check out actual candidate feedback (the positive and negative) which former students of each of these courses have posted on the forums there.

Becker: Retail Price: $3,065 (all four parts)
Per part if ordered individually: $990 (CPAnet)

CPAexcel: Retail price (Gold Medal option): $1690 (four parts) Per part if ordered individually: $580 (CPAnet)

• Kaplan, Gleim and Bisk: Considered self-study or supplemental, check CPAnet for feedback on these courses.

Roger: Retail Price: $2095 – $1695 (all four parts) Per part if ordered individually: $595 – $695 (CPAnet)

Wiley: Price varies based on options. (CPAnet)

Yaeger: Retail price: $1787 (four parts) Per part if ordered individually: $545 (CPAnet)

This is where our lovely GC readers come in. We know you all are really proud of how you’ve kicked the CPA exam’s ass, so please let us know in the comments what worked for you. If you all can get extra excited about this, we can put together a GC reader CPA review deathmatch based on your input.

Note: prices current as of 3/29/11 based on available information. If you have a correction, please get in touch.

 

Jensen Comment
This approach to comparing alternatives will make most accountics professors shudder. Can't you just imagine the course managers' contacting their "alumni" requesting that you send Going Concern raving reviews about their CPA Review "alma maters?"

Actually most any way I can think of to compare these coaching course alternatives makes me shudder. These coaching courses are often very important to some exam takers, but in every instance a coaching course is only one variable leading to success, and it's not an independent variable. It's a variable that interacts with many other factors in complicated and dynamic ways. I defy anybody in the real world to isolate its first-order plus its higher order impacts and to robustly extrapolate the findings to a person comparing these coaching course alternatives.

Firstly, exam takers may not know what factors really led to success when they took the CPA Examination and/or they may falsely attribute success to factors that in the grand scheme of things were truly less important. For example, coaching courses have a "recent-timing bias" in that they are the last big efforts to study for the exam when in reality the success may be largely attributable to some parts of undergraduate courses they took years ago.

Secondly, exam takers may attribute too much to things that don't necessarily differ greatly between coaching courses. Some exam takers attribute success to coaching courses that kick butt and force them to study a lot weekly. But since nearly all the coaching courses kick butt in one way or another, this hardly distinguishes the best butt kickers. Other exam takers attribute success to the coaching course "wizards" who successfully predicted what would be on a particular exam. But coaching courses may have varying success in this regard over time and with varying degrees of luck.

Thirdly, when education researchers compare different pedagogies among good students, the general finding is that there's no significant difference between one pedagogy versus another. Good students adjust to different instructors, different textbooks, different teaching methods, different coaching, etc. ---
http://www.trinity.edu/rjensen/assess.htm#AssessmentIssues

I think there are many ways coaching courses can be compared on the input side. I don't see a good way of comparing them on the output side. Also it's not at all clear to me that many students get what they pay for, although the fault for this may vary. Some coaching courses are overpriced in my viewpoint. Going for the most expensive course does not mean you get what you paid extra for to pass the exam.

Some things are probably more important than coaching courses. For example, how much time off does your employer give you to study for the exam and how efficiently do you make use of that free time? Do you have to study in hotel rooms more than you can study conveniently at home? Do you have to study for the exam while having to also bounce a child on each knee most of the time? WC Fields said there's only one good way to have kids --- cooked. How much do you really, really, really want to pass this exam? Are you really studying so intently that you have to change underwear six times a day? Are there too many outside distractions in your life such as excessive success or failure in your love life? Are you spending too much time pouring over Bob Jensen's AECM messaging?

When the Great Scorer at NASBA comes to write against your name, he writes if you won or lost, not how you played the game.

Educational Resources and Exams to Become an Accountant or CPA --- http://www.accountingedu.org/

Bob Jensen's threads on the CPA Examination are at
http://www.trinity.edu/rjensen/BookBob1.htm#010303CPAExam

Also see Test Prep Support ---
http://www.testprepsupport.com/test/cpa-exam/resources


"The Quickest 2011 CPA Exam Breakdown You’ll Ever Read," by Adrienne Gonzalez, Going Concern, September 24, 2011 ---
http://goingconcern.com/2010/09/the-quickest-2011-cpa-exam-breakdown-youll-ever-read/

Because we know all of you are very busy tearing up your last exams before CBT-e hits in January of 2011, we won’t waste your time and get right to the point. 2011 is coming, the exam is changing and though we’ve been over it plenty in the last several months, let’s go over it one more time.

Simulations – This year’s simulations are next year’s simlets. Simulation problems will be shorter, task-based problems that should take you about 10 – 15 minutes to complete as opposed to the 45 minutes they take now. AUD and FAR will have 7 smaller simulation problems while REG will have 6. As usual, not all of these are graded.

Multiple choice – BEC and REG will contain 24 MCQ per testlet while FAR and AUD will still contain 30. MCQ will make up 60% of the FAR, AUD and REG exams and 85% of BEC.

Research – if you’re taking the exam this year, research is buried in simulations and doesn’t carry much weight point wise. Next year, however, research will be its own tab worth as many points as any of the other simlet problems. FAR research will be easy as it is limited to the ASCs (Accounting Standard Codification) and REG will mostly draw from the Internal Revenue Code but AUD will come with a dropdown menu that includes PCAOB ASs, the Code of Professional Conduct and SSARS just to name a few. You’ve been warned.

Written communication – WC is out of FAR, REG and AUD and slapped into BEC. You’ll have to write three written communications, of which two will be graded.

International standards IFRS and international auditing standards will be added to current FAR and AUD content (respectively) while REG is mostly unchanged by this as you can’t really test international standards of federal taxation. Keep in mind that this additional content will most likely be gently mixed in with what is already being tested and does not make GAAP completely irrelevant so don’t use 2011 as an excuse to procrastinate all the way through the holidays.

Now stop wasting your time with inflammatory nonsense blogs and GET BACK TO STUDYING!

(btw: if you have a CPA exam question for us – anything from applying to qualifying to passing – do get in touch)

Bob Jensen's threads on the CPA Examination are at
http://www.trinity.edu/rjensen/Bookbob1.htm#010303CPAExam

PS
Joe Hoyle and his former partners elected to make their commercial CPA Examination Review materials free online. I am contacting Joe to see if they intend to keep those materials up to date for future CPA examinations. A link to the Hoyle et al. free materials is provided at
http://www.trinity.edu/rjensen/Bookbob1.htm#010303CPAExam 

September 25, 2010 reply from Joe Hoyle

-----Original Message-----
From: Hoyle, Joe [mailto:jhoyle@richmond.edu]
Sent: Saturday, September 25, 2010 8:42 AM
To: Jensen, Robert
Subject: RE: Question for Joe Hoyle: The Quickest 2011 CPA Exam Breakdown You'll Ever Read
 

Hi Bob,

Hope this finds you well.   I just got through giving a bunch of tests last week (Intermediate Accounting II and Introduction to Financial Accounting) and, as always, some learned it all and some learned a lot less.   I am using my own new Financial Accounting textbook this semester.   As you may know, the book is written in an entirely Socratic Method (question and answer style).  I find that approach stimulates student curiosity much better than the traditional textbook which uses what I call a sermon or monologue style.   The Socratic Method has been around for 2,500 years -- isn't it strange that it has been ignored as a possible textbook model?  

I'm not a big fan of college education presently (that is college education and not just accounting education).   There are three major components to education:  professors, students, and the textbook (or other course material).  It is hard to change the professors and the students.   I think if we want to create a true evolution in college education in a hurry (my goal), the way to do that is produce truly better college textbooks.   I wish more college accounting professors would think seriously about how textbooks could be improved.  At the AAA meeting in San Francisco in August, I compared a 1925 intermediate accounting textbook to a 2010 intermediate accounting textbook and there was a lot less difference than you might have expected.   Textbooks have simply failed to evolve very much (okay, they are now in color).   It is my belief that textbooks were created under a "conveyance of information" model.   An educated person writes a textbook to convey tons of information to an uneducated person.   In the age of Google, Yahoo, Facebook, YouTube, and Wikipedia, I think the need to convey information is no longer so urgent.  I think we need to switch to a "thinking about information" model.  And, if that is the goal, the Socratic Method is perfect.   You can start off with a question like "Company X reports inventory at $500,000.  What does that mean?   Is it the cost or is the retail value?  And, if it is one, why is not the other?"  Accounting offers thousands of such delightful questions.

But, I digress -- you asked about CPAreviewforFREE.   We just finished our 117th week and it has been so much fun.   We had a person write in this week (on our Facebook page) to tell us that she had made three 99s and an 89.   Over the summer, we averaged about 300,000 page views per week.   That is page views and not hits but that is still a lot of people answering a lot of questions.

We are currently writing new questions for the new exam starting in 2011 including task-based simulations, IFRS, and written communications questions for BEC.   I personally think the exam will change less than people expect.   Currently, roughly 50 percent of the people who take a part pass that part.  I would expect that in January under the new CPA exam format, roughly 50 percent of the people who take a part will pass that part.   And, I would guess it will be almost exactly the same 50 percent.

However, to be honest with you, we are in the process of adding a subscription service.  I don't know if you ever go to ESPN.com but they give a lot of free information (Red Sox beat the Yankees last night 10-8) but they also have a subscription service where you can learn about things in more depth for a monthly fee (almost like a newspaper).   Our 2,100 free questions and answers will ALWAYS stay free.   But we found that people really wanted to have some content.   If they missed a question on earnings per share, for example, they wanted to know more about how convertible bonds are handled in that computation.   They didn't feel the need to pay $2,500 (don't get me started on what I think about that) but they wanted a bit more information.

To date, we have subscription content for FAR and Regulation.  Each is available for $15 per month which I think is a reasonable price (especially in a recession).   (As an aside, I have long felt that the high cost of CPA review programs keeps poor people out of the profession which I think is extremely unfair and even unAmerican.)    In our FAR content, for example, we have 621 slides that cover everything I could think of that FAR will probably ask about.   There are probably more slides in Regulation but I haven't counted them yet.   BEC and Auditing will be ready as quickly as possible.   When you have no paid employees, things only get done as fast as you can get them done.

Bob, I was delighted to see your name on my email this morning.   I'm actually in Virginia Beach on a 2 day vacation but decided I'd rather write you than go walk on the beach :).    If I can ever address more questions about textbooks, CPAreviewforFREE, or the Red Sox and the Yankees, please let me know.   As my buddy Paul Clikeman (who is on the AECM list) will tell you, I am a person of opinion.

Joe

See --- http://cpareviewforfree.com/


One site of possible interest for international accountants is the International Qualification Exam site ---
http://www.nasba.org/nasbaweb/NASBAWeb.nsf/wpeip?openform

 
However, you may have to have a higher CA credential for the IQEX, but it's worth a try.

Best states for International Student CPA Candidates ---
http://ipassthecpaexam.com/cpa-international-students/
Check for updates, however, because some of this information is outdated


Bisk Sites
Bisk CPA Examination Review
http://www.cpaexam.com/cpa-review-courses

Bisk Awards for Accounting Resources in 2012--- http://www.cpaexam.com/top-accounting-resources-2012  

cfo-coach.com - Helping CFO's Repackage, Position, and Land!

Dr.DavidKass - Commentary on Warren Buffett and Berkshire Hathaway.

360taxes.org -360 Degrees of Taxes is a public service site, designed by Certified Public Accountants and sponsored by the AICPA, offering tips and checklists to help you during tax season and with year-round tax planning.

accountingcoach.com - Changing the way people learn accounting.

BobJensonattrinity. BobJensenatrinity.edu - Daily entries, fraud updates, and insightful conclusions ( http://www.trinity.edu/rjensen/ )

financial-market-commentary.com - Financial commentary you can trust.

 


"The AICPA Talks to Going Concern About the New CPA Exam," by Jr. Deputy Accountant and often foul-mouthed Adrienne Gonzalaz, Going Concern, January 14, 2011 ---
http://goingconcern.com/2011/01/the-aicpa-talks-to-going-concern-about-the-new-cpa-exam/

Because I genuinely care about the well-being of you little CPA exam candidates out there, I recently put aside the inflammatory nonsense for a moment and took some time out of my busy schedule to chat with the AICPA about the new CPA exam that they were proud to say launched early this month without a hitch. We’re pretty excited about that too, mostly because it means we can finally stop talking about 2011 changes and get back to talking CPA exam strategy, which is largely unchanged as a result of CBT-e.

We here at Going Concern value reader input (even if we do value chastising said reader just as equally) and therefore reached out to get your input on the sorts of questions we should ask. You spoke and we listened so let’s cut right to the chase and give you some answers.

John Mattar, Ed.D., Director of Psychometrics and Research and Mike Decker, Director of Operations and Development, both of the AICPA Examinations Team, were kind and brave enough to speak with me and give me plenty of insight on the brain behind the new CPA exam.

First of all, we need to talk scoring as that’s the one thing you guys have complained about consistently since the exam went computerized in 2004 (except for written communication but that is an entirely different issue). We’re proud to tell you that we can finally say with certainty that the AICPA will not be changing the passing score from 75 moving forward. That’s right, put down your flaming pitchforks, all you 74s who were ready to flip should the score have been lowered to 70. “In terms of the score reported to candidates, right now the passing score on that reported scale is a 75 and it’s going to remain there because we want to have consistency over time,” John told us.

That means a 75 last year might not necessarily be the same as a 75 this year but a 75 is still passing and that’s what matters. As we all know, the AICPA uses a complicated and mysterious psychometric formula to determine weights for each question and bases a candidate’s score on this formula. It isn’t for you, little candidate, to worry about how they come up with their numbers nor should you feel as though the AICPA gets some sick thrill out of seeing you get a 74. Believe it or not, they’re neutral. They don’t care if you pass or fail, they only care about overseeing a professional examination that successfully tests the knowledge base of entry-level CPAs in the United States. That’s it.

Second, while the AICPA will be using a single score release formula for at least the first three testing windows of the year, candidates can anticipate a new and improved score release system that will hopefully be introduced by the end of the year. This means all candidates who test early in their window will be eligible to receive their scores in the first release and all other candidates can expect to receive their scores in more frequent batches through the end of that window’s blackout month. So forget the Wave 1/Wave 2 nonsense. “Due to a lot of the work we’re doing on the backend, we’re going to be able to release scores faster. We’re not actually going to be able to release the scores earlier until the 4th quarter because we need to do a greater analysis in the first three quarters,” Mike said. So while you guys see the new simulations and international content on the frontend, it’s important to remember that a lot of time and effort went into improving the backend of the CPA exam and faster scoring is one such improvement that we can expect to see by the end of the year. But these changes come at a price so be patient while the AICPA works through the first three windows of this year to finalize their new scoring process.

If you haven’t already, I recommend you check out How the CPA Exam is Scored for more details on this process. Expect an update to that document when new scoring takes effect later in the year.

As for CBT-e content, I initially congratulated the AICPA for finally streamlining some questionable areas of the exam (especially BEC) in the updated CSOs/SSOs but forgot that they don’t actually come up with content on their own. You can thank an extensive practice analysis and subsequent input from practicing CPAs for the CPA exam you know and love today, a process that takes into account input from the profession on what entry-level CPAs should know. That means the introduction of international financial reporting and auditing standards is entirely independent of the SEC’s do-we-or-do-we-not IFRS roadmap. This should be a comfort to some of you who are wondering just how much IFRS will appear on the exam in coming windows as it means the exam will most likely continue to test remedial international content and will mostly focus on major differences between IFRS and GAAP. Entry-level CPAs in the U.S. are not expected to be experts in IFRS, just as they are not expected to be experts in cost accounting, government accounting, non-profit accounting or any number of areas that have been consistently tested on the CPA exam for years now.

The best news is that though the e in CBT-e stands for evolution, those expecting to take the exam in 2012 or beyond shouldn’t expect such a large overhaul as we just saw any time soon. “We don’t plan to change the exam,” John said. “What we plan to do is keep the exam current with the profession to protect the public interest. If we do have significant changes in test content we would have to let candidates know in advance.”

That being said, the largest takeaway I got from my conversation with the AICPA was that they are simply interested in providing a consistent examination that continues to evolve to meet the needs of the profession. I swear to you that they really don’t get a sick thrill out of torturing you guys with changes, scoring delays and new content though it may appear that way sometimes, especially if you’re in the 74 x 3 club. It’s their job to make sure that the CPA exam represents the best interests of the profession, which means revising their strategy to keep up with the evolution of the industry.

We applaud the AICPA on a job well done and congratulate them for a successful CBT-e launch. So far, candidate feedback I have gotten on the new exam format has been mostly positive, which means that their hard work was totally worth it.

Bob Jensen's threads on the CPA examination are at http://www.trinity.edu/rjensen/Bookbob1.htm#010303CPAExam

Educational Resources and Exams to Become an Accountant or CPA --- http://www.accountingedu.org/


NASBA --- http://en.wikipedia.org/wiki/Nasba

 NASBA video that you may want to watch --- http://bit.ly/HowToBecomeACPA

"NASBA Gives Its Accounting License Library a Makeover," by Adrienne Gonzalez, Going Concern, July 23, 2010 ---
http://goingconcern.com/2010/07/nasba-gives-its-accounting-license-library-a-makeover/

For those of you that aren’t already aware, we implore you to check out NASBA’s incredibly useful Accounting Licensing Library – a comprehensive, continually-updated database that can help future CPAs find a state in which to be licensed and offers accounting firms access to important state data to assist in their efforts across state lines. In other words, the tool’s main goal is to facilitate mobility by bringing all 55 jurisdictions together in one easy-to-use area while offering a one-stop shop for those considering CPA licensure.

We recently got a chance to chat with NASBA General Counsel and Director of Business Development Maria Caldwell about the new ALL.


The new ALL tool features
a new section for accounting students, an enhanced state requirement comparison research tool and expanded product information. The refreshed ALL website offers the same features and benefits as the previous site in a more user-friendly format. Users can find detailed licensing information and even use their research tool to determine if their educational requirements meet any state’s licensure requirements without having to click through each state board’s website individually. This is huge for candidates and for NASBA, as it allows them to spend more time dealing with candidate issues and less time pointing candidates in the right direction.

The birth of the ALL actually began within NASBA four years ago as they wanted a single resource for internal use that would take each state board’s requirements and aggregate them into one place. “There really wasn’t one source to go to and look up all these different rules, so that was the impetus for putting the tool together,” Caldwell told us. “We wanted to offer it to firms at first but once it was out there we realized there were several different audiences using it. Students use it as a licensing tool and international candidates use it as well.”

With over 700 candidates accessing the tool per year (before the makeover) and a significant leap in CPA exam applications since the first whispers of an economic downturn in 2008, interest in the tool and CPA licensure does not appear to be waning any time soon.

Beyond the licensure aspect of the tool, the ALL gives both individuals and firms a way to improve their own economic outlooks by reaching across state lines to find clients. “In this kind of environment, the firms are looking to neighboring states if their state is suffering from a lack of business,” Caldwell said. The tool allows for mobility without firms wasting countless hours combing through state requirements and allows CPAs in a specialty practice to meet the needs of clients who may be in areas that lack qualified accountants who offer their specialized services.

As the CPA exam prepares to go international, NASBA is counting on increased interest in not only the ALL but the all-important CPA designation. Let’s face it, not every industry can say it has weathered the economic downturn as well as CPAs have and passing the exam is still considered a prestigious accomplishment across the globe.

Great job, NASBA, we definitely approve!

Bob Jensen's threads on passing the CPA Examination ---
http://www.trinity.edu/rjensen/Bookbob1.htm#010303CPAExam

Educational Resources and Exams to Become an Accountant or CPA --- http://www.accountingedu.org/


How will IFRS affect the 2011 CPA Examinations?
If I Pass CPA Exam Parts in 2010, Will I Have to Pass Them Again in 2011?

Click Here
http://goingconcern.com/2010/06/if-i-pass-cpa-exam-parts-in-2010-will-i-have-to-pass-them-again-in-2011/#more-12870  

Bob Jensen's threads on accountancy careers
http://www.trinity.edu/rjensen/Bookbob1.htm#careers


Skills and knowledge should be required as part of the pre-certification education of CPAs
Prompted by New York’s forthcoming adoption of the 150-hour requirement to sit for the CPA exam, the NYSSCPA’s Quality Enhancement Policy Committee drafted a white paper to encourage discussion on what skills and knowledge should be required as part of the pre-certification education of CPAs. This white paper, which was approved by the Society’s Board of Directors, is presented here, along with additional commentary from the NYSSCPA’s Higher Education Committee.
Quality Enhancement Policy Committee Sharon Sabba Fierstein, Chair, August 2008 --- http://www.nysscpa.org/cpajournal/2008/808/infocus/p26.htm

Mary-Jo Kranacher, Editorial, CPA Journal, August 2008 --- http://www.nysscpa.org/cpajournal/2008/808/essentials/p80.htm

Specific requirements for becoming a CPA, and the rights and obligations of a licensed CPA, are set forth in the laws and regulations of 54 United States jurisdictions --- http://www.cpa-exam.org/global/boards.html

NASBA Tools --- http://www.nasbatools.com/display_page
NASBA Resources (Includes documents and audio files on knowledge requirements) --- http://www.nasba.org/nasbaweb/NASBAWeb.nsf/wpmtp?openform

Free and Fee CPA Review Courses --- http://www.trinity.edu/rjensen/Bookbob1.htm#010303CPAExam

Bob Jensen's threads on accountancy careers --- http://www.trinity.edu/rjensen/Bookbob1.htm#careers

"Pre-Med Education Must Be Compatible with Liberal Arts Ideals," by Timothy R. Austin, Inside Higher Ed, July 31, 2008 --- http://www.insidehighered.com/views/2008/07/31/austin

Also see http://www.trinity.edu/rjensen/HigherEdControversies.htm#CatFights

 


Although you might not agree with some of Irv's opinions below, the announcement is important to note.

Irv probably knows more about accounting and flying (i.e., pilot) certification examinations than any other human being in the U.S.

Bob Jensen

-----Original Message-----
From: Irvin Gleim [mailto:irvin.gleim@gleim.com]
Sent: Tuesday, March 23, 2004 5:42 PM
To: Jensen, Robert
Subject: Major CMA Exam Changes Affecting Your Students

 

The IMA is making substantive changes to the CMA exam beginning July 1, 2004. The IMA will release a new exam this summer and will remain in 4 parts, although it will be significantly different than the prior exam. However, there is good news; the current exam (unchanged) will be available to your students until December 31, 2007, PROVIDED YOUR STUDENTS REGISTER FOR THE CURRENT CMA EXAM PRIOR TO JUNE 30, 2004.

The current CMA exam is an easier exam to prepare for and pass. Your students should consider pursuing the CMA either in place of the CPA or in addition to the CPA. The total cost to take the CMA as a student is $265; undergraduate students can take the exam, and there is not a 150-hour requirement.

An explanation of the reorganized CMA exam is available at http://www.gleim.com/accounting/cma/examnews/cmaexam.php

A comparison of the current (unchanged) CMA exam with the reorganized exam is available at http://www.gleim.com/accounting/cma/examnews/comparison.php

PLEASE RECOMMEND THE FOLLOWING TO YOUR STUDENTS:

A. Join the IMA for $35 (required to take the CMA exam) at https://www.imanet.org/forms/MembershipAppform1.asp

B. Decide which part to take first: See http://www.gleim.com/accounting/cma/examnews/passfirst.php

C. Register for the exam and pay $57.50 (which is 50% of the regular fee) per exam part. The $75 credentialing fee is waived for students. https://www.imanet.org/forms/examregform.asp

D. Purchase Gleim/Flesher CMA Review. Substantial discounts are available through Gleim's complimentary Academic Site License program. Call 800-874-5346, ext. 104 for details.

E. Study CMA Review books, software, and audios (approximately 40 hours) per part.

F. Take and pass each part.

G. Continue with any remaining parts and become a CMA and/or CFM.

Irv

Dr. Irvin N. Gleim
Gleim Publications, Inc.
P.O. Box 12848
Gainesville, FL 32604
352-375-0772, x.110
800-87-GLEIM, x.110
352-224-1310, direct
352-870-2742, cell
Fax 888-375-6940

http://www.gleim.com

June 23, 2004 message from Irv Gleim [irvin_gleim@gleim.com

The IMA will make substantial changes to the CMA Exam beginning July 1, 2004. These changes will include a new essay section that incorporates material from all four exam sections. In addition, CPAs will no longer be waived from the financial accounting and reporting material, and will instead be waived from economics and business applications topics.

However, there is good news; the current exam will be available until December 31, 2007, allowing plenty of time for completion. BUT, you must apply by June 30, 2004. In other words, APPLY NOW! Click the link below to open the online registration form.

https://www.imanet.org/forms/examregform.asp 

Gleim will continue to provide up-to-date materials throughout the current exam's duration. Gleim will also release a new edition for the revised exam this summer so that we will be able to meet all of your students' certification needs. You can view more information on Gleim's CMA Review and see how we will prepare your students to PASS by visiting the link below:

http://www.gleim.com/accounting/cma?lj062204


CPA Exam Information and Vendors

NASBA --- http://en.wikipedia.org/wiki/Nasba

 NASBA video that you may want to watch --- http://bit.ly/HowToBecomeACPA

 

NASBA 2008 Update:  120 Versus 150-Credit Hour Requirement to Become a CPA
There are now only two states that do not require 150-credits to become a CPA, with California being the largest jurisdiction
Most states require 150 credits to sit for the CPA examination, whereas a few states impose the 150-credit rule for licensure only

DRAFT Education and Licensure Requirements for Certified Public Accountants: A Discussion Regarding Degreed Candidates Sitting for the Uniform CPA Examination with a Minimum of 120 Credit Hours (120-Hour Candidate) and Becoming Eligible for Licensure with a Minimum of 150 Credit Hours (150-Hour Candidate) (120/150 Discussion), Issued by the National Association of State Boards of Accountancy (NASBA) , November 2008 ---
http://snipurl.com/150nasba  [www_nasba_org] 
 http://www.nasba.org/862571B900737CED/318CD757B9F57F75862574FA00763F36/$file/120_150_Paper_Draft_November_08.pdf

The above draft has quite a lot of data and provides extensive history of the 150-Hour Rule.

For a wider history see http://en.wikipedia.org/wiki/Uniform_Certified_Public_Accountant_Examination
Part of the above Wikipedia module was out of date, so I changed the Wikipedia module on December 13, 2008.

NASBA has some learning tools at http://www.nasbatools.com/display_page

Free CPA Examination Review Course --- http://cpareviewforfree.com/
AccountingWeb Student Zone --- http://www.accountingweb.com/news/student_zone.html 

For many students, the fee-based CPA Examination Review materials and courses are likely to get better results, especially those that force students to weekly stay on track and those that have multimedia helpers and those that meet onsite as a regular class.

Accounting Institute Seminars
Becker CPA Review
Bisk-Totaltape CPA Exam Review
Conviser Duffy CPA Review (now merged with Becker)
CPA Review Twin Cities
CPAexcel CPA Exam Review
Dynasty School
Exam Matrix (formerly Micromash)
Gleim Publications
Hoyle CPA Ventures (now free)
Intensive CPA Examination Review
Kaplan
Lambers
Mark's CPA Review
Person/Wolinsky CPA Review Courses
Rigos Professional Education
The Tutorial Group, Inc.
Wiley CPA Exam Review
Wise Guides

Bob Jensen's career helpers are at http://www.trinity.edu/rjensen/Bookbob1.htm#careers

Online continuing education credit CPE programs for accountants

McGraw-Hill CPE Online from McGraw-Hill/Irwin at http://www.mhcec.com

CPEasy from Bisk Publishing at http://www.cpeasy.com

Insight CPE from Insight CPE at http://www.insight-cpe.com

Association of Government Accountants  
Continuing Education ---   http://www.agacgfm.org/education/index.htm 

CPE Internet from the University of Phoenix at http://www.cpeinternet.com/catalog/default.asp

Jouarnal CPE Online from Rutgers University at http://rarc.rutgers.edu:80

Best CPE (for tax only) from Hardwick Publications at http://www.bestcpe.com

ICPE from the Institute for Continuing Professional Education at http://www.icpe.com (No longer available for public access)

A review is provided in the Journal of Accountancy, November 1998, 59-62. Online Journal of Accountancy articles can be found at http://www.aicpa.org/pubs/jofa/joaiss.htm

 
Internet Companies Directory (A Partial Listing)
COMPANY DESCRIPTION URL

e-Retail (consumer products and services)

1-800 Contacts Contact lenses http://www.1800contacts.com/
Alloy Online Goods for teens http://www.alloy.com/
Amazon.com Books, music, electronics http://www.amazon.com
Autobytel.com New, used car guide http://www.autobytel.com/
Barnesandnoble.com Books, music http://www.barnesandnoble.com/
Drugstore.com Medical products http://www.drugstore.com/
eBay Auctions http://www.ebay.com/
Egghead.com Computer products http://www.egghead.com/
Expedia Travel planning http://www.expedia.com/
Hotel Reservations Network Discounted hotel rooms http://www.180096hotel.com/
Priceline.com Travel reservations http://www.priceline.com/
Stamps.com Postage http://www.stamps.com/
Ticketmaster Guides, tickets http://www.ticketmaster.com/
Travelocity.com Travel reservations http://www.travelocity.com/
e-Finance (banks, brokerages and credit companies)
Ameritrade Securities broker http://www.ameritrade.com/
Charles Schwab Securities broker http://www.schwab.com/
CSFBdirect Securities broker http://www.csfbdirect.com/
E-Trade Securities broker http://www.etrade.com
IndyMac Bancorp Mortgage lender http://www.indymacbank.com/
Intuit Personal finance info http://www.intuit.com/
NetBank Consumer banking http://www.gefn-compubank.com/
NextCard Consumer credit http://www.nextcard.com
TD Warehouse Securities broker http://www.tdwaterhouse.com/
Wit SoundView Securities broker http://www.witsoundview.com/
e-New Media (advertising/subscription-supported media)
AOL Time Warner Consumer content http://www.aoltimewarner.com/
Ask Jeeves Search engine http://www.ask.com/
Cnet Networks Technology content http://www.cnet.com/
HomeStore.com Real estate content http://www.homestore.com/
HotJobs.com Career content http://www.hotjobs.com/
InfoSpace Wireless content http://infospace.com/
MarketWatch.com Financial content http://cbs.marketwatch.com/
McAfee.com Computer protection http://mcafee.com/
MP3.com Music content http://www.mp3.com/
Multex.com Financial content http://www.multexusa.com/
NBC Internet Consumer content http://www.nbci.com/
SportsLine.com Sports content http://sportsline.com/
Terra Lycos Consumer content http://www.terralycos.com/
TheStreet.com Financial content http://www.thestreet.com/
Apollo Group U of Phoenix Online Education content http://www.ipopros.com/histdeal_pla.asp?deal=2285
Yahoo Web guide http://www.yahoo.com/
e-Access providers (connections to the Internet)
Aether Systems Wireless Internet access http://www.aethersystems.com/
Excite At Home Internet access http://www.excite.com/
EarthLink Internet access http://www.earthlink.net/
Juno Online Services Internet access http://www.juno.com
Metricom Wireless Internet access http://www.metricom.com/
IMPORTANT NOTICE:
Please be advised that Metricom has filed for Chapter 11 bankruptcy protection.
NetZero Internet access http://www.netzero.net/
Prodigy Communications Internet access http://www.prodigy.com/
RCN Internet access http://www.rcn.com/
Research in Motion Wireless Internet access http://www.rim.net/
WorldGate Communications Internet access http://www.wgate.com
e-Learning providers (corporate) For more details go to http://www.trinity.edu/rjensen/000aaa/0000start.htm 
Caliber Training and executive dev. http://www.caliber.com/ 
Pensare Executive development with plans for degree programs in partnership with prestige universities http://www.pensare.com/ 
UNext Executive development and for-credit programs through UNext's Cardean University and in partnership with prestige universities http://www.unext.com/ 
Smart Force Executive development http://www.smartforce.com/ 
Quisic Content development, executive development, and for-credit courses http://www.quisic.com/ 
(Formerly called University Access)
Headlight (From CyberU) Recreational learners and an online small business training center http://www.cyberu.com/training/headlight/index.asp 
OnlineLearning.net Training and executive development and for-credit courses http://www.onlinelearning.net/ 
University of Maryland University College Training and executive development and for-credit courses http://www.umuc.edu/ 
Fathom (headed by Columbia University in conjunction with many prestigious partners)  A huge knowledge portal that offers over 600 courses http://www.fathom.com/index.jhtml 
New York University Online Training and executive development and for-credit courses http://i5.nyu.edu/~jmm282/nyupage.html 
University of Phoenix Training and executive development and for-credit courses (The largest accredited private university in the world.) http://www.phoenix.edu/index_open.html 
The Kaplan Colleges Training and executive development and for-credit courses (including the online Concord School of Law) http://www.kaplancollege.com/ 
Sylvan Learning Systems Training and executive development and for-credit courses (and testing centers) http://www.sylvan.net/ 
Intellnex from Ernst & Young (the first Big 5 accounting firm university) Training and executive development http://www.intellinex.com/flash/index.htm 
Many other corporate providers are discussed in a book that can be downloaded free:
The Business of Borderless Education, by S.C. Cunningham, et al., (Australian Department of Education, Evaluations and Investigations Programme of the Higher Education Division, 2000).  Hard Copy ISBN 0 642 44446 3 and Online Copy ISBN 0 642 44447 1 --- http://www.detya.gov.au/archive/highered/eippubs/eip00_3/bbe.pdf 

Bob Jensen's documents on e-Learning are available free at http://www.trinity.edu/rjensen/000aaa/0000start.htm 
(Note that most prestige universities have already or are forming private corporations for online delivery of training, executive development, and for-credit courses)

Bob Jensen's other bookmarks are at http://www.trinity.edu/rjensen/bookbob.htm 

 

Miscellaneous Accounting Education

Jim Hasselback's On-line Accounting Faculty Directory
Jim Hasselback's On-line Accounting Faculty Directory (Prentice-Hall Web Site)
Gerald Trite's great set of links --- http://iago.stfx.ca/people/gtrites/Docs/bookmark.htm 
Accounting Journals Index
Innovation in Accounting Education Award 1999 Submissions to the American Accounting Association
(I will review some of these documents in future editions of New Bookmarks)
http://www.rutgers.edu/Accounting/raw/aaa/facdev/teaching/awardsub.htm

AICPA Professor/Practitioner Case Development Program
Please be informed that the winning case materials (student notes only) are now available on the Institute Web site at http://www.aicpa.org/members/div/career/edu/caseidx.htm.

Dennis Schmidt's Accounting and Tax Guides
Prentice Hall Online Gallery
Bob Jensen's Links
e-Commerce and e-Business Helpers for Accountants ---  
      http://www.trinity.edu/rjensen/ecommerce.htm 
accounting history
AICPA Home Page
AICPA The Vision Process
Featured Applied Ethics Web Site
The AICPA Issues Business Fraud Case Studies --- http://www.aicpa.org/antifraud/spotlight/030409_cases.asp
Tax and Accounting Sites Directory
Rutgers Accounting on the Web Mailing List WWW Gateway
World-WideGraduate School Directory
WELCOME TO THE CPA VISION PROJECT!
Arthur Andersen - History of Accounting
Home Page for MicroMash
Chapters (Internet Guide for Accountants by Kogan, Sudit, and Vasarhelyi)
Accounting, Management and Information Technologies
ANet Home Page
ANet Australia home (International Accounting Network)
CUSI at Pacioli
Ernie. Your online business consultant.
http://www.isworld.org/isworld.html
International Accounting Network - Hawaii
Rutgers Accounting Web Introduction
The Nordic Accounting Network
US University's Accounting Departments
School of Accountancy (U. of Waterloo)
Weatherhead School of Management
Yahoo! - Education:Higher Education:Colleges and Universities
Accounting Education Using Computers and Multimedia

CPA ListServ

A Forum for Accountants (Click on Forums)

Howard Schilit wrote a (1993) book called "Financial Shenanigans: How To Detect Accounting Gimmicks & Fraud in Financial Reports". He has since opened a web site at http://www.cfra-online.com/  . You can compare prices on his book at by entering the ISBN number 0070561311 at http://isbn.nu/ 

Where can you find a great listing of accounting journals?  Try http://www.csu.edu.au/anet/research/index.html 

Associations in Accounting Education ---- See Accounting, Accounting Profession and Issues

Accounting Profession and Issues

Accounting Software

 

"Technology 2012 Preview: Part 2 Experts explore hot topics in software, hardware, security, social media and video," by Jeff Drew,  Journal of Accountancy, December 2011 ---
http://www.journalofaccountancy.com/Issues/2011/Dec/20114544.htm

"Technology 2012 Preview: Part 1 Experts explain what should be at the top of your tech wish list for the new year,"  by Jeff Drew,  Journal of Accountancy, November 2011 ---
http://www.journalofaccountancy.com/Issues/2011/Nov/20114310.htm

 


Software Buying and Use Guides
 
 SMB Finance and Accounting Checklist
What a great site Saeed. Thank you.

Great accounting software guide --- http://en.wikipedia.org/wiki/Accounting_software

On the personal financing and investment side of things, I like the following link:

"The Best Online Tools (software, services) for Personal Finance," The Wall Street Journal, June 8, 2009 --- http://www.trinity.edu/rjensen/PersonalFinanceTools.htm


WebFilings for SEC and XBRL Reporting (Object Oriented Database) --- http://www.webfilings.com/

For SEC reporting professionals, WebFilings is a revolution in collaboration software for regulatory compliance, delivering the only complete, integrated solution to meet SEC reporting requirements.

Jensen Comment
Note the XBRL tab --- http://www.webfilings.com/xbrl

AccountingWeb's 2009 Tax Software Review for Professionals, November 2009

Featured Tax Software

·         ATX

·         CrossLink

·         Drake

·         GoSystem Tax RS

·         Great Tax

·         Intuit ProLine Lacerte Tax

·         Intuit ProLine ProSeries

·         Intuit ProLine Tax Online Edition

·         Orange Tax Suite

·         ProSystem fx Tax

·         TaxACT

·         TaxWise

·         TaxWorks

·         UltraTax CS

Bob Jensen's taxation helpers --- http://www.trinity.edu/rjensen/Bookbob1.htm#010304Taxation


Bob Jensen’s small business helpers are at
http://www.trinity.edu/rjensen/BookBob1.htm#SmallBusiness

 
 

"The Best Online Tools (software, services) for Personal Finance," The Wall Street Journal, June 8, 2009 --- http://www.trinity.edu/rjensen/PersonalFinanceTools.htm

1. Budgeting Your Money

2. Creating a Financial Plan

3. Tracking Investments and Getting Advice
4. Checking for Fraud
5. Keeping Track of Credit
6. Managing Loans

Details at http://www.trinity.edu/rjensen/PersonalFinanceTools.htm

Bob Jensen's helpers for personal finance ---
http://www.trinity.edu/rjensen/Bookbob1.htm#InvestmentHelpers

Bob Jensen's threads on Accounting Software ---
http://www.trinity.edu/rjensen/Bookbob1.htm#AccountingSoftware

 

Software Buying Guides
 SMB Finance and Accounting Checklist


"A New Alternative for Taking and Sharing Notes: 3Banana Notes," by Mark Sample, Chronicle of Higher Education, September 9, 2010 ---
http://chronicle.com/blogPost/A-New-Alternative-for-Taking/26761/?sid=wc&utm_source=wc&utm_medium=en

In my recent ProfHacker guide to 5 Android Apps I Can't Live Without, there was one seemingly obvious mobile application missing from my list: Evernote, which has gotten a lot of attention on ProfHacker. That wasn't an oversight on my part. I rarely use Evernote, for many reasons: I don't like the way it locks up my data, the desktop client is distractingly cluttered, and both the Apple and Android app interfaces are forgettable and unintuitive. And then there's Evernote's firepower. It's too much application for my purposes. I don't know about you, but I don't need my grocery shopping list tagged with keywords and filed away in notebooks. Bloated with features, Evernote is simply not useful for quick and dirty notes.

What I use instead is 3Banana Notes, an application available for iPhone and Android devices, powered in the cloud by Snaptic.com. Besides being oddly named, 3Banana is free, ad-free, incredibly lightweight, but powerful enough to corral the bits and pieces of my information stream—and then share them when needed.

Here's what you see when you open the application (I'm demonstrating the Android version, but its iPhone counterpart is nearly identical.

Continued in article


Business Technology from Business Week Magazine --- http://bx.businessweek.com/business-technology/

The Journal of Accountancy has a great monthly technology section (with particular focus on things you never, ever thought you could do with MS Office, particularly Excel) --- http://www.journalofaccountancy.com/
The Q&A modules are particularly informative and should be centralized in one place in addition to monthly editions.

Bob Jensen's threads on education technology --- http://www.trinity.edu/rjensen/000aaa/0000start.htm


The Business / Accounting section of The New York Times dedicated to College focus. Links to articles involving accounting and auditing issues. http://college.nytimes.com/guests/directory/Business/Accounting/

 

"So you want a new desktop accounting package?" by David Carter, AccountingWeb, June 5, 2007 --- http://www.accountingweb.com/cgi-bin/item.cgi?id=103569

David does not mention my oft-preferred alternative of a Webledger system (such as NetSuite) that can be accessed at a range of needs and sizes and prices with some huge advantages over installing accounting software on your own hardware --- at http://www.trinity.edu/rjensen/Webledger.htm

 


"Users Grade Tax Software," by Stanley Zarowin, Journal of Accountancy, October 2007 --- http://www.aicpa.org/pubs/jofa/oct2007/tax_software.htm

2008 Professional Tax Software as Listed in a November 7, 2008 Accounting Web Newsletter

Featured Tax Software

From the Journal of Accountancy Smart Stops on the Web in 2008

A TAX TOOLBOX
www.irs.gov/taxpros/article/0,,id=118004,00.html
This Smart Stop from the IRS provides a host of basic tools for tax professionals, handily compiled onto one page for easy access. The information ranges from recent tax law changes to standards of practice and Circular 230 information to the contact info for the Taxpayer Advocacy Panel (see “The Taxpayer Advocacy Panel: An Opportunity to Collaborate With the IRS,” JofA, Sept. 08, page 68). The page contains a host of publications on representing clients before the IRS, as well as requesting client transcripts and copies of their tax returns. Also look under “IRS Collection Tools and Your Clients Rights” for rules on representation and disclosure and Offer in Compromise guidelines.

HOMEBUYERS TAKE NOTE
www.federalhousingtaxcredit.com
Visit this new site from the National Association of Home Builders for an overview of the Housing and Economic Recovery Act of 2008, which authorizes a tax credit for qualified first-time buyers purchasing homes before July 1, 2009. The “Frequently Asked Questions” page answers both general and technical questions regarding the credit, or click on “The Law’s Other Provisions” to go beyond the act’s tax credit provisions and learn about its implications for property taxes, mortgage revenue bonds and Federal Housing Administration modernization. If you’re still looking for information, the “Home Buyer Resources” page hosts a list of links to helpful government Web sites, including state and local homebuyer assistance programs.

 


Small Business Accounting Software (Simple Solutions promotional video) ---
http://www.youtube.com/watch?v=30CcqXrM8ug

For small and medium sized businesses I recommend looking into Webledger alternatives ---
http://www.trinity.edu/rjensen/webledger.htm


PKL Accounting Education Software (for a fee) --- http://www.pklsoftware.com/

Hello Professor Jensen

When you log into www.pklsoftware.com  you are at the home page of PKL. All of the products listed are currently available for a professor to choose. To view any product just click on the product button. To log into view a product, just enter Anonymous as your ID/Name and Anonymous as your Password.

All products are web-based, will run on any computer. They include:

1. Practice sets at three different levels: Middle of Financial, End of Financial, Cost, Managerial, or Intermediate

2. Work4Me Problems: Twenty individual business problems emphasizing key topics of Financial Accounting

3. Accounting Coach: Twenty-five Financial Accounting topics (algorithmic problems) that instruct, coach, teach, and test a students skills.

I would be honored if you would allow me to save you a great deal of time by joining me, at your convenience, in a short, WebEx demonstration of how our key products work for professors and their students. With a WebEx demonstration, you sit at your computer, dial into our toll-free conference call line, and you will be looking at my screen while we talk about all of the many features we now have included in our new products. This will give me the opportunity to answer all of your questions.

The professors at Trinity were very excited about what I showed them and like 95% of our demonstrations, they adopted one of our products.

A short look at a practice set, will give you a good picture of how our software works for all of the practice sets and the Work4Me problems.

Seeing how our Accounting Coach helps a student practice, learn, and then evaluate themselves on multiple Financial topics will give you another view of what we have put together.

In a nutshell, we have a great set of products, we just need to get the work out and we are working hard to do that. In two weeks we will start our Spring semester and over 550 students will be using one or more of our products.

Let me know if you like to see our work or if you would like a professor registration code for any product.

Keith Weidkamp
Sierra College

PKL Software

Bob Jensen's threads on accounting education software are at http://www.trinity.edu/rjensen/Bookbob1.htm#software


Investment Club Software ---
http://en.wikipedia.org/wiki/Investment_club_software

An Investment Club Helper Site ---
http://investmentclubsonline.com/result.php?Keywords=Investment%20Clubs
Note that investment clubs should understand state and local tax laws regarding investment club returns and liquidations.


From the Scout Report on February 25, 2011

Mint --- http://www.mint.com/026d/ 

Many people like to keep tabs on their finances, and the Mint program may prove to be quite useful for those looking for such a resource. After signing up, the program can incorporate financial information from a variety of sources to make it all accessible in one place. The program also works on mobile devices, and users can see what's happening with their budget and financial goals. This program is compatible with all operating systems.

 


"Online Accounting Tools Still Come Up Short," Rob Pegararo, The Washington Post, May 22, 2008. Page D03 --- Click Here

Few types of desktop software should be readier for replacement by the Web than personal finance.

The concept behind these programs is sound: Track your income and expenses through automatic downloads from banks, credit card issuers and other financial institutions to show where your money's coming and going, and how much of it you're likely to have later on.

But the market long ago calcified into a duopoly of programs, Intuit's Quicken and Microsoft's Money. As they've piled on the features, their usability has suffered. Many users, fearing an ordeal of bookkeeping, avoid them entirely. Those who have bought either program have been forced to ante up for new versions, at $15 to $90 each, when "sunset" policies cut older releases off from account-data downloads.

It might seem that a simpler, cheaper alternative to these programs would have emerged on the Web, now that online shopping and bill payment have made people comfortable with managing money online. But the big Web companies have yet to craft such a thing.

Fortunately, the absence of a shiny new Web application from Google or Yahoo doesn't mean the absence of hope for online alternatives to Quicken and Money. It may just mean you'll have to wait longer to find one that suits you.

The most visible Web competitor so far has been the free Mint ( http://mint.com). Since its launch last fall, this Silicon Valley start-up has drawn 266,000 users, though founder Aaron Patzer did not say how many visit the site regularly.

Quicken or Money vets may find Mint insultingly simplistic. It only links to banks, credit cards and investments and ignores most people's biggest debts (mortgages and car loans) and assets (homes and vehicles), making net-worth estimates impossible.

Using Mint requires you to trust the site to safeguard your bank usernames and passwords, which you must save there before adding any accounts. You can't enter transactions by hand or upload Quicken or Money files. And you can't reconcile transactions against a monthly statement.

But within those limits, Mint provides soothingly simple money-management tools.

When tested with a bank account, two credit cards and three mutual funds, Mint automatically fetched the latest data, converted most gibberish in these accounts' downloads into real names and filed most entries in the right category. For example, a credit card charge to "WHOLEFDS ARL 10042 0ARLINGTON" became "Whole Foods," listed under "groceries."

It was even smart enough to split fees on ATM withdrawals into separate expenses.

Mint then broke down patterns of income and expenses into easy-to-read pie charts.

Mint aims to make money by suggesting better financial services, then collecting commissions. But its advice to drop an American Express card for a Chase Visa ignored the AmEx card's cash rebate.

Two other sites have begun grabbing users as well. The free Wesabe ( http://wesabe.com), an older Silicon Valley start-up, acts like a money-minded social network.

It makes the collective wisdom of its users part of its source code, comparing your spending and earning with the averaged habits of more than 100,000 other "Wesabeans." It also relies on their accumulated input to refine and sort statement entries and offer tips about better deals near you.

But Wesabe may need more users (at least near Washington) to do those jobs well. Most downloaded transactions came through in their original, cryptic bankspeak, and some tips showed a Bay Area bias.

This site's free-form system of tagging, in which you can slap multiple categories onto a single transaction, also yielded duplicate entries in its spending summaries.

Wesabe (which plans to underwrite its free service with a fee-based "pro" option) is even more limited than Mint. It couldn't connect to a Bank of America Visa credit card account, and it doesn't do investments or home or car loans.

In Wesabe's favor, it offers free Mac and Windows uploader programs that keep your account logins on your computer and offers multiple ways to get your data off the site. It even posts a toll-free number that you can call to reach its chief executive each afternoon.

Wesabe may appeal most to extroverts with specific financial goals who can easily set targets and solicit fellow users' advice in its forums.

One of the newest Web-based personal finance tools comes from Intuit, which in January launched the $2.99-a-month Quicken Online ( http://quickenonline.com). Although this site isn't as slick or quick as Mint or Wesabe, it supports investments and mortgages, not just banks and credit cards.

Unlike Mint and Wesabe, it also lets you add coming transactions -- no risk of forgetting the check you wrote to your contractor-- and set bill-payment reminders.

Some basic features, such as transaction breakdowns and the ability to upload Quicken files or download data from the site, still aren't there. But its simplicity makes the gridlocked complexity of desktop Quicken look painfully obsolete.

These sites and other competitors promise tantalizing upgrades. For example, Mint says it will soon add mortgages, with estimates of home values from Zillow.com or another assessment source.

With such improvements, some smart borrowing (picture Mint's interface plus Wesabe's social smarts) and a solid record of security, Web personal-finance software could become an alternative along the lines of Web e-mail. Some people might never accept such a thing, but others wouldn't think of using anything else

Jensen Comment
Pegararo failed to research online complete Webledger systems such as Net Suite and other important sites that will not only perform accounting functions, manage inventories, manage receivables, perform financial analyses, and do all sorts of sophisticated financial analyses. These Webledger systems will also store accounting records so they can be accessed all over the world and allow users to avoid paying for expensive hardware/software technical support, backup systems, and consultants --- http://www.trinity.edu/rjensen/Webledger.htm

Pegararo also fails to mention many of the personal finance Web options and small business accounting options:

http://www.trinity.edu/rjensen/Bookbob1.htm#AccountingSoftware

http://www.trinity.edu/rjensen/Bookbob1.htm#SmallBusiness

Pegararo might not have found the Web options coming up short if he'd done more research for the above article.


Peachtree Accounting Practice Sets --- http://www.perdisco.com/peachtree/
Richard Campbell uses and likes these practice sets --- Richard Campbell [campbell@RIO.EDU]


Maple's Document Management System

October 30, 2008 message from Scott Bonacker [lister@BONACKERS.COM]

This came as part of a subscription to a technology newsletter, I haven't tried this product myself.  Scott Bonacker CPA, Springfield, MO]

As an IT professional, chances are good that you have lots of detailed information that you have to keep track of in order to do your job effectively and efficiently. You probably have a multitude of documents stored in a multitude of folders on your hard disk. Using a series of documents and folders to store all your information is a pretty logical way of doing things, especially when used in combination with Vista’s Search tool and Saved searches feature, keeping track of all that information is pretty easy. However, it could be better — especially if all that information could be made available in one place.

Well, I recently discovered a very nice document manager called Maple from Crystal Office Systems that runs perfectly on Windows Vista and produces what is essentially a document database. In this edition of the Windows Vista Report, I’ll introduce you to Maple and show you how to use it manage your document collection.

This blog post is also available in the PDF format in a TechRepublic Download.

Getting Maple

You can download Maple from the Crystal Office Systems Web site. Once you download it, installation is a snap and you’ll be ready begin creating you custom document database in no time. You can download and try Maple for 30 days at no cost. A single-user license is $21.95.

When you access the Crystal Office Systems Web site, you’ll also notice that there is another version of this document manager called Maple Professional, which provides a set of advanced features. You’ll also find free reader called Maple Reader that will allow other users to view any document database created with either Maple or Maple Professional.

 

Read the rest at http://blogs.techrepublic.com.com/window-on-windows/?p=802&tag=rbxccnbt

Bob Jensen's threads on accounting software are at http://www.trinity.edu/rjensen/Bookbob1.htm#AccountingSoftware

Bob Jensen's threads on tools and tricks of the trade are at http://www.trinity.edu/rjensen/000aaa/thetools.htm


Software Advice --- http://www.softwareadvice.com/


PWC Technology Forecasts --- http://accounting.smartpros.com/x62913.xml
Also see http://www.pwc.com/extweb/home.nsf/docid/C52206CB07A55CA385257460004DAF19


Newer software tools (in 2007) for financial analysis --- http://www.aicpa.org/pubs/jofa/nov2007/financial_analysis.htm

THE PRODUCTS
ACCPAC CFO (Comprehensive Financial Optimizer) is designed for small and medium-size enterprises and can help make business-planning decisions by modeling the impact of various options. This is accomplished by demonstrating the what-if outcomes of small changes. A roll forward feature prepares budgets or forecast reports in minutes. The program also generates a financial scorecard of key financial information and indicators.

Customized Financial Analysis by BizBench provides financial benchmarking to determine how a company compares to others in its industry by using the Risk Management Association (RMA) database. It also highlights key ratios that need improvement and year-to-year trend analysis. A unique function, Back Calculation, calculates the profit targets or the appropriate asset base to support existing sales and profitability. Its DuPont Model Analysis demonstrates how each ratio affects return on equity.

Financial Analysis CS reviews and compares a client’s financial position with business peers or industry standards. It also can compare multiple locations of a single business to determine which are most profitable. Users who subscribe to the RMA option can integrate with Financial Analysis CS, which then lets them provide aggregated financial indicators of peers or industry standards, showing clients how their businesses compare.

iLumen regularly collects a client’s financial information to provide ongoing analysis. It also provides benchmarking information, comparing the client’s financial performance with industry peers. The system is Web-based and can monitor a client’s performance on a monthly, quarterly and annual basis. The network can upload a trial balance file directly from any accounting software program and provide charts, graphs and ratios that demonstrate a company’s performance for the period. Analysis tools are viewed through customized dashboards.

PlanGuru by New Horizon Technologies can generate client-ready integrated balance sheets, income statements and cash-flow statements. The program includes tools for analyzing data, making projections, forecasting and budgeting. It also supports multiple resulting scenarios. The system can calculate up to 21 financial ratios as well as the breakeven point. PlanGuru uses a spreadsheet-style interface and wizards that guide users through data entry. It can import from Excel, QuickBooks, Peachtree and plain text files. It comes in professional and consultant editions. An add-on, called the Business Analyzer, calculates benchmarks.

ProfitCents by Sageworks is Web-based, so it requires no software or updates. It integrates with QuickBooks, CCH, Caseware, Creative Solutions and Best Software applications. It also provides a wide variety of businesses analyses for nonprofits and sole proprietorships. The company offers free consulting, training and customer support. It’s also available in Spanish.

ProfitSystem fx Profit Driver by CCH Tax and Accounting provides a wide range of financial diagnostics and analytics. It provides data in spreadsheet form and can calculate benchmarking against industry standards. The program can track up to 40 periods.

 


Free General Ledger Software (Accounting) --- http://www.responsive.co.nz/


TURBOCASH OPEN SOURCE ACCOUNTING SOFTWARE --- http://www.turbocashuk.com/
 

New and enhanced features in QuickBooks 2010 ---
http://www.accountingweb.com/topic/technology/new-and-enhanced-features-quickbooks-2010


Profiles of Software Systems and Tools --- http://www.p2pays.org/ref%5C01%5C00047/00047d.htm


RiverGuide provides in-depth profiles, comparisons, and reviews of accounting software products, and would be a valuable resource for users of your site --- http://www.softwareadvice.com/construction/


Accounting Software Ratings

May 2, 2007 message from Jessica Valdes

I am writing on behalf of CTSGuides.com, which is a site that lists accounting software reviews and ratings.  We only list qualified companies that are upstanding and reputable.  This will be a good resource to add to your site for accounting companies that are in search of vendors who offer accounting software.  I would like to know if you'd be interested in adding our link to your site.

Please review this information and let me know if you are interested in such a relationship with our company. If I have contacted you in the past, my apologies.

Title - Accounting Software Reviews and Ratings
URL -
http://www.ctsguides.com/accounting-software.asp
Description - Free portal of reviews and ratings of accounting software to help companies consider options for selecting new software.

Thanks and best regards!

Jessica Valdes

jessica@ctsguides.com
CTSGuides.com


"Top Technologies for Accounting Pros Announced," SmartPros, June 11, 2007 --- http://accounting.smartpros.com/x57964.xml


People looking for accounting and management software often forget about the wonderful Webledger alternatives where a heavy duty IT system is maintained in a central location by the software system vendor such that  users can access the system on the Web and do not need their own hardware, software, and expensive maintenance technicians. Webledger systems have excellent backup computer and power systems such that the chances of going down are almost zero except in nuclear war.

My favorite Webledger alterntive is NetSuite at http://www.netsuite.com/portal/home.shtml
NetSuite commenced under the name NetLedger with financing from the CEO of Oracle. For all practical purposes it is an Oracle company.

Bob Jensen's Threads on Webledgers for Distributed Network Computing of Accounting Systems and Business Services  http://www.trinity.edu/rjensen/webledger.htm
The above site is not one that I actively update. Hence, some of the links may be broken and their may have been some buyouts and mergers that I've not tracked in the past year or two.


Retail Software Comparisons --- www.softwareadvice.com/retail
The new link should go to: http://www.softwareadvice.com/retail/


Former accounting professor Tom Selling (Dartmouth, Wake Forest, SEC, and Thunderbird) started the Grovesite Software Company ---  http://www.grovesite.com/


Formal Comparison of Accounting Software Packages

March 1, 2006 message from David Fordham, James Madison University [fordhadr@JMU.EDU]

Ruth Bender asked: "...more broadly, how should she start looking for the right package?"

One of the best tools I've ever come across for evaluating commercial accounting software packages is called "The Accounting Library", by a company out of Richmond Virginia called "Solutions, Inc."

The Accounting Library software covers well over 150 different commercial accounting packages. It includes ALL levels of software, from Quickbooks (at the very bottom of the product line), all the way up through SAP (the top). While 150 doesn't sound like a large number, believe me, it has everything you've ever heard of, and more.

What you do is, you answer a set of questionnaire-like questions dealing with the nature of your business and what you want your accounting package to do for you. The questionnaire can be quick-and-dirty, or extremely complex, depending on whether you are evaluating on behalf of Mom-And- Pop's Hotdog Stand, or Boeing Aircraft Corporation. You can spend weeks answering the full questionnaire if you want to. yes, it covers currency conversions (about 90 ways to Sunday as they say), analysis of just about everything (sales, costs, by product, by client, by sales rep, by the kitchen sink, etc.), and just about anything else you can think of.

After telling The Accounting Library about your business nature and what you expect the accounting package to do for you, TAL will then rank those products which meet or come close to your specs. You can then "drill down" into the ranking to find out WHY one package was rated higher than another, to find out which features you need that are or are marginally met in each package, etc. You also have the opportunity to reconsider your initial answers -- for example, during the drill-down exercise, you may decide that perhaps keeping track of subassemblies by date-manufactured isn't quite as important as you originally ranked it, or that maybe you need to generate an "aged inventory by serial number" report after all. You can then alter your original input, and re-run the evaluation.

I used TAL back when I was teaching the systems analysis classes, because it walks the students through a good "user needs analysis"... albeit in checklist form (I had to add a lot of meat to explain rationales, etc. and thus I used TAL as a support tool rather than a concepts tool.)

What's more, the product has a fantastic "introduction to accounting software", gives product descriptions and summaries of capabilities, etc. -- in general it's just a fantastic learning tool for comparing the many commercial- grade accounting packages out there.

The latest editions are also aimed at consultants who help companies procure and install software.

You might want to investigate TAL for your friend. The website is: http://www.accountinglibrary.com/ 

If you decide the product is useful, telephone (U.S.: 1-804- 330-0000) and ask for Charles Chewning, and tell him that David Fordham of James Madison University told you about the product. No, I don't get a finders fee or commission, but he is a supporter of JMU (and the AIS educator's association too!) and might give you a discount on the product if he knows you found it through us. (It's a steal at full price, but hey, every few dollars helps!)

David Fordham
James Madison University


Financial Statements.xls:  A step-by-step Guide to Creating Financial Statements using Microsoft Excel, by Joseph Rubin, CPA --- http://www.exceltip.com/pl-fs_overview


Auditing and Audit Sampling Software

May 2, 2006 message from Douglas Ziegenfuss [dziegenf@ODU.EDU]

I teach a graduate IT Auditing course in which we use both ACL and Idea. Both are taught because both are used in the business world. We use the version of ACL that comes with Hall's IT Auditing book. Idea sells the students a version and workbook for $25 per student and gives us a free copy of the software and workbook. The students then load the software on their laptops and bring them to class. This turns any classroom into a lab. The students generally like IDEA better but still enjoy ACL.

I hope this helps.

Douglas E. Ziegenfuss
Professor and Chair,
Department of Accounting
Room 2157 Constant Hall
Old Dominion University
Norfolk, Virginia 23529-0229

ACL Business Assurance Analytics --- http://www.acl.com/solutions/audit.aspx?bhcp=1
ACL is bundled with some auditing software textbooks, such as the Rittenberg text --- Click Here 

IDEA Data Analysis Software --- http://www.audimation.com/product_feat_benefits.htm

May 2, 2006 reply from Roger Debreceny [roger@DEBRECENY.COM]

Over the years I have switched between ACL and IDEA. I currently use IDEA in my teaching. A major factor is that students greatly value having the ability to work on their own computer. I do not think there are substantial differences between the products or that the file size restrictions is a major problem.

Roger


"Small Business Software Grows Up:  Intense efforts for product improvements, by J. Carlton Collins, The Journal of Accountancy, March 2006 --- http://www.aicpa.org/pubs/jofa/mar2006/collins.htm 

EXECUTIVE SUMMARY
Microsoft’s introduction this year of its small business accounting software is challenging the two leading competitors—QuickBooks and Peachtree—to step up their efforts with products that are ever-more technologically powerful.

The competition will be intense because “Microsoft Small Business Accounting (MSBA) is technologically more advanced than either QuickBooks or Peachtree and its price strategy is hard to beat: It’s bundled free in selected 2006 versions of Microsoft Office. With more than 400 million users of Microsoft Office worldwide, even if only a small percentage of them upgrade to the 2006 version, the new accounting program could be in the hands of millions of users by the end of the year.

With products as complex and customizable as SBA software, it’s not prudent to rely fully on assessments of reviewers or colleagues. The only way to be sure a product works best for you or a client is to test it with your own accounting data.

If you’re going to buy QuickBooks or Peachtree, purchase the accountant’s editions. They contain nearly all the additional functionality found in the various other versions of the product and they’re typically priced lower.

The stakes in the competition for small business accounting software are high. The current estimated market of small businesses is between 15 million and 25 million, with 500,000 to 2 million new businesses starting each year. Clearly, small businesses will be the winner as their accounting tools continue to improve.

Bob Jensen's small business helpers are at
http://www.trinity.edu/rjensen/Bookbob1.htm#SmallBusiness

Peachtree Accounting Practice Sets --- http://www.perdisco.com/peachtree/

 

 


Free Spreadsheet Software
December 13, 2005 message from Richard J. Campbell [campbell@RIO.EDU]

Ray Ozzie of Microsoft has been talking about providing pieces of Office as a web service.

Here is a link to a free online spreadsheet:

www.numsum.com 

Richard J. Campbell


The American Institute of Certified Public Accountants (AICPA) unveiled a new Information Technology (IT) community Web site that contains resources, tools and guidance for CPAs interested or practicing in IT --- http://infotech.aicpa.org/

Technology is the great enabler and one of the most powerful forces of change. Ever evolving and dynamic, technology touches much of what we do as CPAs. CPAs are able to utilize and leverage technology in ways that add value to clients, customers, and employers. The AICPA supports technology and technology-enabled services to improve business objectives and decision-making processes, including: business application processes, system integrity, knowledge management, system security, and the integration of new business processes and practices.


 

Beyond Excel
ActiveData for Office is a major step forward for our users and for InfromationActive,” Michael Pluscauskas, President of InformationActive Inc. said in a press release announcing the general availability. “This product provides our customers with a flexible and dynamic platform that not only breaks the Microsoft Excel™ row barrier, but also is adaptable and expandable for future planned functionality. Users have been asking for a powerful data analysis tool that works with Microsoft Office and we have given them that and much more. I’m also proud of the fact that we’ve provided an exceptionally robust product at a very competitive price.” ActiveData for Office stretches the boundaries of traditional data analysis tools by providing exceptional integration with Microsoft Office. Users can append documents and web pages to their analysis and archive the entire file in addition to analyzing millions of rows of data quickly thus providing new levels of information control while still allowing the flexibility to view results within ActiveDatae for Office or Microsoft Excel. ActiveData for Office also includes macro capability for recording commonly performed tasks and full audit trail capabilities.
"The Next Level of Computer Aided Audit Tools," AccountingWeb, August 15, 2005 ---
http://www.accountingweb.com/cgi-bin/item.cgi?id=101205

"Accounting Today Lists Top 100 Technology Products for 2005," SmartPros, December 28, 2004 --- http://www.smartpros.com/x46317.xml 

The December edition of Accounting Today, a Thomson Media publication, published its 12th annual Top 100 Technology Products in the accounting profession, listing the best and most proven applications in 17 categories.

All products listed offer users tools they need to resolve both minor inconveniences and larger problems that could threaten the health and lifeline of their businesses.

Products included on this year's roster have been listed in the following categories: High-End and Mid-Market Accounting; Small Business Accounting; Client Write-Up; Customer Relationship Management; Enterprise Resource Planning; Financial Planning; Fixed Assets; Forms; Non-Profits; Payroll; Planning and Analysis; Practice Management; Tax Planning and Preparation; Tax Research; and Trial Balance.

This year, two new categories -- Internet Suites and Document Management -- have been added, and the Tax Planning and Preparation categories have been combined to better reflect the availability and range of products.

"We feel our 2005 ranking truly represents the broad scope of technology solutions available within the accounting profession," said Bill Carlino, editor-in-chief of Accounting Today. "While some may be quite familiar to practitioners, others have begun to establish a high-profile presence within technology circles."

Each year, products are evaluated by the magazine's editorial staff and judged by their quality, practitioner acceptance, market visibility, product performance, vendor support and product innovation, measured against marketplace needs.

The 2005 Top 100 Technology Product listing is also available on Accounting Today's sister Web site, www.webcpa.com.


FOUNDATION Construction Accounting Software Wins Award
FOUNDATION Software received the award as the software supplier for Lighthouse Electric, a two-time winner of the prestigious Silver Vision Award in the subcontractor category. Lighthouse earned its second Vision Award for innovative labor management plan that promises to save over $100,000 in labor costs each year. By using the features of FOUNDATION, as well as those form Congistics ControlBoard, a tracking and scheduling application, Lighthouse was able to create a separate function for the management of manpower that utilizes a single powerful Microsoft SQL database. “Our challenge was to utilize technology and procedures in a way that would easily disburse and control our biggest cost: labor,” Ron Felix, CIO of Lighthouse Electric said in explaining how technology and business came together for his company.
"FOUNDATION Construction Accounting Software Wins Award," AccountingWeb, September 6, 2005 --- http://www.accountingweb.com/cgi-bin/item.cgi?id=101265
 


"Award-Winning Accounting Software for Small Businesses," AccountingWeb, July 22, 2005 --- http://www.accountingweb.com/cgi-bin/item.cgi?id=101123

Sage Software produces two of the top accounting solutions for small businesses, not just according to accountants but also according to the technology crowd. Simply Accounting and Peachtree, two of Sage Software’s accounting solutions have won honors and awards from the media recently. Peachtree Premium Accounting 2005 was awarded five of five stars and Simply Accounting received four-and-a-half of five stars in CPA Technology Advisor’s listing of Small Business Accounting Software for 2005. The evaluation looked at six categories:

Basic Functionality/Ease-of-Use

Available Modules/Customization for Vertical Industries

Expandability

Reporting and Management Functions

Audit Trail, Integrity and Accountant Control Tools and

Help and Support Options. Peachtree Premium received five stars in five categories to earn its five star overall rating. The only category it did not earn five stars in was Help and Support, where its well-built help utility, online Peachtree Knowledge Center, additional support features and several optional support plans merited only four-and-a-half stars.

Simply Accounting received four-and-a-half stars in five categories. More than 100 customizable predefined reports which can be integrated with both MS Word and Excel as well as a version of Crystal Reports allowing for custom report creation and combine it with the Daily Business Manager, payroll support functions and inventory management earned Simply Accounting it’s only five star rating in Reporting and Management Functions.

Simply Accounting has also been honored with a 2005 World Class Award for small business accounting from PC World. It is the third consecutive year Simply Accounting has earned this honor. The World Class Awards honor products combining practical features with innovation and that reflect the rapidly changing technology marketplace. PC World’s editors pick winners for their exemplary design, usability, features, performance, innovation and price.

“The ultimate buyers guide, World Class Awards set the standard for excellence in the high-tech and consumer electronics industries,” states PC World editor-in-chief Harry McCracken. “From desktop publishers to travel routers to satellite radio and video instant messenger services, the editors reward the finest products and most outstanding performers in this annual award program. Congratulations to Simply Accounting.”

Peachtree is Sage Software’s primary brand for small business accounting in the U.S. Simply Accounting is the bestselling small business accounting product in Canada.


"Companies Offer Tech Solutions For Complex Finance Problems ," AccountingWEB, May 9, 2005 --- http://www.accountingweb.com/cgi-bin/item.cgi?id=100875

Software makers are coming up with new ways for companies to manage vast amounts of financial data. From the complexities of complying with the Sarbanes-Oxley corporate reform law to the everyday tasks involved with financial reporting, new products are being offered to help companies do the work more efficiently.

Here is a sampling:

Applix, Inc. – The software maker announced Tuesday that it has upgraded its TM1 suite so that users can do more sophisticated financial reporting and consolidations. Wizards have been added so that financial data can be imported more quickly from general ledger, accounting and legacy systems into Business Performance Management applications.

A new offering is TM1 Financial Consolidations, which supports journal entries, inter-company eliminations and other activities specific to the consolidation process.

“Good financial planning begins with the actuals, is followed by a planning process and ends with a comparison of the subsequent actual results to the plan,” said David Menninger, Applix vice president, worldwide marketing and product management, in a statement. “The ability to access information from multiple sources, present it in an easy-to-use, familiar environment and act upon it for everything from reporting to planning to forecasting enables companies to reduce cycle times, increase competitiveness and have greater trust in the information.”

The improvements are available for beta use now. Contact Brian Barnes at bbarnes@applix.com

Movaris - The company, which provides Financial Control Management software, has developed Certainty 8.1 to allow companies to manage reorganizations, mergers and acquisitions, and personnel changes as they affect the financial control environment.

Certainty 8.1 can change the users who are assigned to hundreds of financial control tests, which improves corporate security. It can update multiple financial control attributes. It allows for comparisons of control activities at different points in time. “With visibility into changes in the control environment over time, managers identify improvements and the impact of change on their business unit, and auditors identify the controls in place at the time an issue or exception occurred,” the company said.

Stan Tims, vice president of marketing and business development at Movaris, said in a statement that companies will need to consolidate time-consuming tasks to comply with Sarbanes-Oxley in a cost-effective way.

"Key technologies can reduce the cost of SOX compliance upwards of 25 percent, as compliance has been a mostly manual, people-intensive process. Most companies cannot (and should not) maintain this level of manpower, though the need for compliance will not shrink," said John Hagerty, analyst for AMR Research in a January 2005 report, SOX Decisions for 2005: Step Up Technology Investments.

Continued in the article
 

Great Comparisons of Tax Software
"Tax Software Makes the Grade, by Stanley Zarowin, Journal of Accountancy, September 2005, pp. 48-60 --- http://www.aicpa.org/pubs/jofa/sep2005/zarowin.htm

 
When asked to rate their overall satisfaction with the 13 tax software products in the survey this year, the 3,156 AICPA Tax Section members who responded to the survey came up with a combined average score of 4.23 (out of a perfect 5.00), a significant gain from last year’s 4.03. In addition to the eight packages rated last year, three new products received the minimum required 10 responses from our CPA respondents. (For details about all the vendors in the survey, see exhibit 1; for a complete scorecard on the satisfaction grades, see exhibit 2; and for technical details about the products, see exhibit 6.)

Tied for first place in the overall-satisfaction category, with ratings of 4.46, were Intuit’s highly popular Lacerte and the much smaller Dunphy System’s Tax Software for the Professional. Lacerte inched up from last year’s 4.32 rating; since Dunphy was not in last year’s survey, it has no year-ago rating. Tied for second place with 4.44 were Drake Software and Taxware System’s Taxware Tax Preparation; both are new to the survey this year.

Continued in detail in the article

September 7, 2005 reply from Kurt Wilner

Dear Professor Jensen, I feel kinda cheated that your post didn't look beyond the 'big boys' surveyed by the AICPA. In my case, I jumped from Lacerte the year after Intuit bought it -- and jacked its fees up majorly -- to ATX, which seems to serve a huge base of "small practices" such as my own. ATX makes the grade in 'The CPA Journal" and other mags; so I wonder why it's neglected by your own cite -- which, in general, I prize for its independence from commercial trends. Could you comment further upon this, please?

Sincerely yours,

Kurt Wilner

On July 11, 2005 Barbara Scofield clued me into IDEA Software described at http://www.generalideasinc.com/cc_solutions.asp

NextNet 5.0 for New Product Development
NextNet 5.0 enables you to find the best ideas for new products, fast. By expanding your reach, streamlining evaluation, prioritization, and selection, the best product ideas and enhancements rise to top of the heap. NextNet brings predictability and profitability to the so-called 'fuzzy front end' of product development. NextNet has been used by product development teams in major corporations to rapidly discover and develop multi-million dollar market opportunities.
(Click Here)

SaveNet 5.0 for Process Improvement
SaveNet 5.0 is the tried and true solution to make your operation more efficient. SaveNet enables you to eliminate waste, improve yields and streamline processes all with little or no addtional management time. SaveNet is also a powerful motivator of employee morale and team spirit in the workplace. SaveNet has been used by major corporations to continously discover hundreds of thousands of dollars in cost-savings.

Custom Innovation Management Solutions
The General Ideas Innovation Pipleline Management (IPM) Platform is a highly versatile software platform that can be configured and customized for specialized applications of Idea Management. General Ideas employs the full flexibility of the IPM platform, configuring workflows, alerts, data capture forms, permissions and metrics to ensure effective Innovation Management. General Ideas has worked with companies to create custom Idea Management solutions for: Intellectual Property, IT Portfolio Management, Six Sigma, Employee Suggestions, Total Quality Management, Corporate Strategy, Marketing and Business Development.

July 13, 2005 reply from Bonnie Morris, West Virginia University [bmorris@WVU.EDU]

Contact Audimation Services 888 641 2800

info@audimation.com 

They have IDEA 2004 Workbook. It has 3 datasets and exercises (AR, AP and Fraud Investigation, and Inventory Analysis)

Accounting Software
EmeraldKey Technologies, Inc. introduced Envision Accounting Software for accounting and financial professionals last week. Envision Accounting Software provides a comprehensive solution to meet all business management needs, including financial accounting, project management, client management, time and expenses, billing, payroll, budgets/forecasts, real-time reporting and Web-enablement.
"Introducing Envision Accounting Software for Accounting & Financial Professionals," AccountingWeb, August 24, 2005 --- http://www.accountingweb.com/cgi-bin/item.cgi?id=101233

Accounting Professional Site Links 
The CPA Team http://www.cpateam.com/  

Freeware Guide for Business and Finance --- http://www.freeware-guide.com/dir/business/finance.html

Tax Software 

AccountingWEB's Software Resource Center ---  http://www.accountingweb.com/item/52249 
Software Search Here www.findaccountingsoftware.com 
Accounting Software Library http://www.excelco.com/tal.htm 
New stuff ---  http://www.electronicaccountant.com/ 
Old Stuff --- Jensen & Sandlin Survey of U.S. Accountancy Education Programs
Bruce Hutton CGA - Accounting: Software, Publications and Bookkeeping Software
The Software Review Source (Add Your Own Review)
AccountingNet is the complete online resource for accounting professionals: Accounting
Beginning WebCT (Creation of Web Pages)
Accounting Related Resources
Accounting Library FREE DEMO and FTP Page
Accounting Systems -- Accounting System Locator / Selector
AuditNet: Internet Resources for Auditors
Excelco / SouthWare Main Page
Peachtree Software Home Page
Home Page for MicroMash
archipelago productions (Distributed Learning Courses)
TAL Standard Edition "Quick LOOK" AIA Accounting Information Systems
Spreadsheets in Education
 

NPO = Not-for-Profit
"Sizing Up NPO Software," Roberta Ann Jones, Journal of Accountancy, November 2000, pp. 28-44 --- http://www.aicpa.org/pubs/jofa/nov2000/jones.htm 


"Using Software to Sniff Out Fraud," Amey Stone, Business Week, September 30, 2004 --- http://www.businessweek.com/technology/content/sep2003/tc20030930_2727_tc131.htm 


The Journal of Accountancy ran an article showing how a Benford's Law application in Excel led to discovery of a fraud.

"Turn Excel Into a Financial Sleuth," by Anna M. Rose and Jacob M. Rose, The Journal of Accountancy, August 2003 --- http://www.aicpa.org/pubs/jofa/aug2003/rose.htm 

Bob Jensen's threads on accounting software are at http://www.trinity.edu/rjensen/bookbob1.htm#software

Technology sites from Smart Stops on the Web, Journal of Accountancy, June 2005 --- http://www.aicpa.org/pubs/jofa/jun2005/news_web.htm

 
TECHNOLOGY SITES

Check Out Check 21
www.aicpa.org/financialliteracy
The AICPA Financial Literacy Resource Center has added a section to its Web site about the Check Clearing for the 21st Century Act (Check 21). The Web site discusses the act’s implications for auditors and businesses, and provides links to the Federal Reserve Board’s “Check Clearing for the 21st Century Act” Web page and implementation information, two frequently-asked-questions sections and a consumer guide.

A Site With Byte
www.freebyte.com
CPAs and IT managers will want to bookmark this Smart Stop loaded with links to free accounting, antispam and backup software, currency and document converters, mortgage calculators, computing and financial glossaries and Web browsers. There are online dictionaries in English as well as French, German, Italian and Spanish. There’s also free clipart, fonts and photos that CPAs can use for marketing brochures, and everyone can take a break in the Jokes and Humor and Free Games sections.

Figure for Free
www.calculator.com
Sure, you already have mortgage, percentage, scientific and standard e-calculators. This site offers calculators for car leases, fractions, graphing, and home equity and general loans, plus converters for currency, international time, temperature and units of measure. There’s also a link to the tax-preparation-service calculator site www.internet-taxprep.com with tools CPAs can use to calculate investments, mortgage refinancing and Roth IRA returns for clients. Other resources include current and archived tax news, a 2005 tax guide and information about a free online tax-filing program.

Tech Talk
www.itmweb.com
CITPs and other information technology professionals can find resources here on IT capital spending, department budgets and salary ranges. Download the demo software, read book reviews or subscribe to the free monthly IT e-zine and newsletter. Technology Articles has tips on making your e-mails sound more professional and improving your project team management skills, while the Job Listing Centers invite employers to post open positions. IT White Paper Spotlight offers documents on subjects from artificial intelligence to knowledge management.

Painless Projects
www.ittoolkit.com
Looking for more efficient ways to manage IT procedures and roll out new technology? Then register for a free membership at this e-stop to access information on managing IT operations and receive a monthly e-mail reporting on the latest task management resources. Members can download planning checklists, mission and scope statement templates and white papers on IT process improvements.

Bob Jensen's technology bookmarks are at http://www.trinity.edu/rjensen/bookbob4.htm

Information Technology Sites, From Smart Stops on the Web, Journal of Accountancy, May 2004, Page 23 --- http://www.aicpa.org/pubs/jofa/may2004/news_web.htm 

THE INTERNET
SMART STOPS ON THE WEB
 
TECHNOLOGY SITES

For IT Educators and Leaders
www.techlearning.com
Here, CPAs who specialize in IT professional development can find helpful resources such as tips on needs assessment for offices or classrooms and articles including “Data Can Drive Development.” Users also can read software reviews and find links to general search engines as well as to an encyclopedia with more than 20,000 IT terms.

Free Online Resources
www.eweek.com
CPA IT professionals can register for free at this Web stop and enroll in gratis e-seminars on topics such as best practices for enterprise data integration, information security and wireless LAN deployment. Users seeking to advise clients on application storage management systems will want to give them the quick quiz “Do You Need to Automate?” before proceeding.

Read to Keep Up
www.technologyreview.com
In addition to providing free either two hard copies of the magazine or a digital issue, Technology Review offers visitors to its Web site a free subscription to the newsletter Technology Review Update. Other gratis offerings include the sections Predictive Markets, where users can predict future outcomes of IT issues to win prizes, and Research News, which has links to information on industry innovations.

Less Search Time, More Results
www.keepmedia.com
CPAs looking for IT articles from the past 12 years can register here for a free seven-day trial. Users can search more than 150 publications, store favorite articles directly online at this site, keep track of what they’ve looked at—saved or not—and let KeepMedia find other articles based on their previous choices. A general search on the word technology returned more than 14,000 results.

Telecommuting Technology
www.langhoff.com
CPAs working from home or remote locations can find case studies and statistics on this trend through the frequently-asked-questions section at June Langhoff’s Telecommuting Resource Center. Also, visitors can look through the business travelers’ survival guide to find tips and links to airlines, ATM locations and business services for mobile users. Companies interested in starting a work-at-home program can research the costs and get links to model telecommuting agreements and policies.

“The Silly Con Valley Report”
www.mikeslist.com
Don’t be fooled by this Web site’s light tone: Useful nuggets of information, including the latest reports on software designs, how to thwart spam and a 300-Gb hard drive, can be found beneath all the humor. Also, users can read up on the latest in broadband and handheld technology and Windows XP through the newsfeed links as well as join up for a free weekly e-newsletter.

 

Commercial Accounting Sites

Bob Jensen's Links to Accounting Software and Vendors (this list is outdated!)
XBRL Updates --- http://www.trinity.edu/rjensen/XBRLandOLAP.htm#TimelineXBRL 
Accounting Related Resources
AccountingNet is the complete online resource for accounting professionals: Accounting
Accounting and Financial Information
BUSINESS RESOURCES
Accounting Net - Your Internet Link to the Accounting World
CPA Online: Your source for Accounting Information on the Internet
Bob Jensen's Vendor Database (this list is outdated!)
Course Resources
CyberCpa - Resources
Jensen & Sandlin Survey of Accountancy Education Programs (Outdated)
Jensen & Sandlin Survey of Commerical Learning Materials in Accounting (Outdated)
K2 Enterprises Accountants Hotlist
Site Seeker
Home Page for MicroMash
 
 

AIS, Databases, Auditing, and Assurance Services

July 2014
The CFO Guide to Budgeting Software: 10 Key Elements Companies Should Look For --- Click Here
http://pages.cfo.com/Centage---Budgeting-Software_download.html?mkt_tok=3RkMMJWWfF9wsRojuqnAZKXonjHpfsXx6%2B4rW6Cg38431UFwdcjKPmjr1YcHScd0aPyQAgobGp5I5FENTrDYUKhrt6EPWQ%3D%3D


From the CPA Newsletter on September 4, 2014

CPA practitioners rate their tax preparation software
http://r.smartbrief.com/resp/gbwLBYbWhBCJdbmnCidKtxCicNZefG?format=standard
Likes, dislikes, technical support and more -- CPA tax practitioners once again this year share their assessments of the leading programs for preparing and filing tax returns on behalf of clients. Extensive tables and analysis give users' responses for eight products. A link from the article provides free online access to still more detailed results and information. Journal of Accountancy print issue (9/2014)

Bob Jensen's neglected threads on accounting and tax software ---
http://www.trinity.edu/rjensen/Bookbob1.htm#SoftwareAccounting


Worldwide Directory of Accountants and Consultants --- http://www.searchsystems.net/list.php?nid=62

Bob Jensen's helpers on how choosing professional advice --- http://www.trinity.edu/rjensen/fees.htm

Information Systems Audit and Control Association and Foundation Web (ISACA) site --- http://www.isaca.org/ 

Electronic Commerce:  http://www.trinity.edu/rjensen/ecommerce.htm 

Assurance Services:  http://www.trinity.edu/rjensen/ecommerce/assurance.htm 

 
How CPAs Rated Their Tax Software ---
http://www.journalofaccountancy.com/issues/2016/aug/2016-tax-software-survey.html?utm_source=mnl:cpald&utm_medium=email&utm_campaign=01Aug2016

Find Accounting Software (commercial site) --- http://findaccountingsoftware.com/
Audit Analytics --- http://www.auditanalytics.com/0002/


A Premium Audit Industry Market Intelligence Service Audit Analytics has information on over 20,000 public registrants and over 1,500 audit firms. It is the most comprehensive market intelligence tool for the audit industry available today. AuditAnalytics.com currently offers over 60 data fields to its users. Access to this data is available as on-line user subscriptions, as enterprise data feed subscriptions, and in custom reports.

Huron is the main source of restatement statistics --- http://www.huronconsultinggroup.com/

Gerald Trite's great set of links --- http://iago.stfx.ca/people/gtrites/Docs/bookmark.htm 

Online Magazine (for Information Professionals) --- http://www.onlineinc.com/onlinemag/index.html

ONLINE is written for Information Professionals and provides articles, product reviews, case studies, evaluation, and informed opinion about selecting, using, and managing electronic information products, plus industry and professional information about online database systems, CD-ROM, and the Internet. This site contains selected full-text articles and news from each issue of the magazine. Direct letters to the editor to Marydee Ojala ( Marydee@xmission.com ). If you are interested in writing for ONLINE, please see the Authors' Guidelines.

Artificial Intelligence and Expert Systems

Links to Journals on Artificial Intelligence
American Accounting Association Special Interest Group
Brown and O'Leary Tutorial
Gal and Steinbart
Bibliography of AI Literature (With Updates)
A. B. I. S. A. (index)
Finance and Investment Links (Neural Networks)
WebBots
MultiLogic (EXSYS Expert Systems Software)

Assurance Services

 Accounting Professional Site Links 
The CPA Team http://www.cpateam.com/  

Electronic Commerce --- http://www.trinity.edu/rjensen/ecommerce.htm 

Assurance Serivices --- http://www.trinity.edu/rjensen/ecommerce/assurance.htm 
(Including SysTrust, WebTrust, Truste, BBB, etc.)

For Eldercare Information
www.elderweb.com

Impact of Technology
New Opportunities
Megatrends
Range of Services
Site Map
AICPA Discussion Forum
AICPA Feedback
PC Meter Tackles Web Measurement (Accounitng Assurance Services)
CPA WebTrust Slides
Computer Security Issues
Introduction to Internet Security
AICPA CPE Course
The Capability Maturity Model (CMM) For Software
Deloitte & Touche Risk Management & Control: Visual Assurance
 

Also see E-Commerce

Bankruptcy Helpers

"The Business of Bankruptcy:  CPAs can't make a bad economy go away, but they can provide value to clients on the ropes," y Victoria Zunitch and Michael Hayes, Journal of Accountancy, February 2002, pp. 35-39 --- http://www.aicpa.org/pubs/jofa/feb2002/zunitch.htm 

 


EXECUTIVE SUMMARY
A CPA FIRM WITH A CLIENT filing for bankruptcy has a responsibility to serve the client as well as an opportunity to compete for some of the work on the case—and through it develop a specialty. The need for bankruptcy services is expected to grow for a while.

CPAs SOMETIMES ARE THRUST into the field when a client goes broke, but a firm that has time to plan can develop the niche strategically. The bulk of bankruptcy work comes from attorney referrals.

A PERUSAL OF THE PUBLIC RECORDS of your local bankruptcy court and the U.S. Trustee Office will identify the accountants, lawyers, trustees, examiners and other advisers who are players in your market.

THE EXACTING BILLING requirements of the court affect every novice in bankruptcy work and are a continual challenge even for seasoned practitioners. CPAs are at minimum risk because the court’s first administrative priority is to cover the expenses of a bankruptcy.

DURING A BANKRUPTCY, debtors, creditors’ committees, trustees and other entities need CPA services. A firm should look first for clients that need services it already provides, such as tax preparation or monthly reports.

CONFLICT-OF-INTEREST CONSIDERATIONS usually require the work to be parceled out to several accounting firms, which means attorneys are always looking for new CPAs with whom to work.

VICTORIA M. ZUNITCH is a freelance business writer based in New York. Her e-mail address is VZwriter@hotmail.com MICHAEL HAYES is a senior editor on the JofA. Ms. Hayes is an employee of the AICPA and her views, as expressed in this article, do not necessarily reflect the views of the Institute. Official positions are determined through certain specific committee procedures, due process and deliberation.

From Smart Stops on the Web, Journal of Accountancy, February 2002, Page 25 --- http://www.aicpa.org/pubs/jofa/feb2002/news_web.htm 

Intro to Bankruptcy Law
www.bankruptcylawinstitute.com

This site offers information on Chapter 7, Chapter 11 and Chapter 13 bankruptcy law, forms and court filing procedures. Users can access online tutorials on the following topics: types of bankruptcy, the structure of bankruptcy law, exemption and property law, and how to calculate equity.

Bankruptcy-Law Links
www.agin.com/lawfind

The law firm Swiggart & Agin, LLC, in Boston hosts the Bankruptcy Lawfinder, offering users related information and resources. Site sections include courts and cases, regulations and statutes. The bankruptcy law resources section includes links to the American Bankruptcy Institute, a directory of companies in Chapter 11 proceedings and the Center for Debt Management.


Peachtree Accounting has a short new name and huge new prices

"Sticker Shock Awaits Sage 50/Peachtree Payroll Service Users," by David Ringstrom, AccountingWeb, April 16, 2013 ---
http://www.accountingweb.com/article/sticker-shock-awaits-sage-50peachtree-payroll-service-users/221587?source=technology

The 2014 version of Sage 50, formerly known as Peachtree Accounting, is available for purchase now. As a result, certain users who rely on the payroll subscription are going to experience sticker shock in the near future. Historically, you could purchase a Sage 50/Peachtree Accounting product and pay an additional fee for the annual payroll service that makes it easy to calculate withholding taxes. As long as your accounting software was one of the three most recent versions, the annual payroll service typically cost around $300/year. Such users are about to see their annual costs increase by a factor of two, three, or even more.

For several years, Sage has offered an optional Business Care program that entitled users to priority support and automatic program upgrades. This program is now mandatory if you want to process payroll in the software. The Sage Business Care program is being offered at three levels:

Silver Gold Platinum

The Silver plan offers unlimited support, annual product upgrades, and the Business Intelligence feature that allows you to analyze your accounting data in Microsoft Excel. However, if you wish to process payroll within Sage 50, you must sign up for the Gold or Platinum programs. The Gold program allows you to process payroll for up to fifty users, while the Platinum program offers unlimited payroll as well as priority access to a dedicated support team that offers appointment scheduling.

Business Care is an annual subscription, which means that rather than buying the software and sitting out a couple of upgrade cycles, you must continue your Business Care subscription year after year in order to process payroll in Sage 50.

Sage doesn't disclose pricing for the Gold or Platinum programs on its website, because the pricing varies based on which version of Peachtree/Sage 50 you're currently using and the number of simultaneous users you require. In general, the first year of business care will be at a higher price, with savings each year for annual consecutive renewals. As a point of reference, a Silver Business Care subscription for a three-user license for Peachtree Complete Accounting is $669/year. This doesn't include payroll, so it means your ongoing annual expense will likely be at least $800/year, year-in, year-out, as opposed to the $300 or so that you could formerly pay to add a payroll subscription.

Continued in article

There is a somewhat useful 2011 Peachtree versus Quickbooks site at
http://blog.softwareadvice.com/articles/accounting/peachtree-vs-quickbooks-1062211/ 
Pricing comparisons before April 2013 are probably out of date.

 


 

Bob Jensen's Threads on Professional Practice, Fees, Choosing Accountants, Financial Advisors, and Consultants --- http://www.trinity.edu/rjensen/fees.htm 

www.legal-definitions.com
CPAs who need help deciphering “lawyerspeak” can find concise definitions of legal terminology at this e-stop as well as the meaning of general business terms such as bankruptcy.

www.commerce-database.com
Need to know the difference between an act of God and an act of nature? The legal terms section of this online business dictionary defines them as one and the same. The Commerce Database categorizes words into separate business and legal dictionaries: The business one offers categories such as accounting.

www.legal-database.com
CPAs interested in legal topics such as bankruptcy, civil rights, employment, labor and tax laws can find various terms explained in the articles section for each category at this Web stop. In addition visitors can register for free monthly newsletters on bankruptcy, employment, family and tax law.

 

See also Small Business Helpers

Fees and Professionalism

Message from FERF on February 24, 2004

Auditor Fees

An FEI member recently asked research as to whether a database exists of how much audit firms charge in audit fees relative to size of clients and billable rates per hour.

FERF researchers found information broken down by company size in the recent FEI Sarbanes-Oxley Section 404 survey results issued earlier in February http://www.fei.org/news/404_survey.cfm. Although billable rates are not given, an excel table details incremental audit fees for the Section 404 attestation and the % increase this fee represents of their current audit fee. Various groupings of responses are given by size of company based on revenue.

In April 2003, FEI's Committee on Corporate Reporting (CCR) surveyed its members on 2002 audit fees. Twenty-five companies with total US assets of between $0.4 billion and $1,097 billion responded. Findings and an excel table are available under Finance Tools at http://www.fei.org/financetools/audit_fee.cfm

Aspen Publishing recently released the 5th edition of "Professionals Guide to Value Pricing." The book discusse related value pricing vs. audit firm hourly rates. A description of the book can be found at: http://www.aspenpublishers.com/Product.asp?catalog%5Fname=Aspen&category%5Fname=&product%5Fid=0735543178&Mode=SEARCH&ProductType=M.

 

Bob Jensen's guides to fees and related matters are at http://www.trinity.edu/rjensen/fees.htm 

Services Offered by Professional Accounting Firms (including how to find them) --- http://www.trinity.edu/rjensen/fees.htm#ServicesOffered 

From Smart Stops on the Web, Journal of Accountancy, July 2007 --- http://www.aicpa.org/pubs/jofa/jul2007/news_web.htm

WEALTH MANAGEMENT

SECURING A REPUTABLE BROKER
www.nasd.com/brokercheck
The NASD has answered the calls of investors looking for background information on potential financial service providers. The organization’s BrokerCheck Program lets users research current or formerly registered securities firms, individual brokers and regulated Investment Adviser firms. It also provides a comprehensive 10-year business and licensure history and list of disclosure events, including criminal actions, customer complaints and disciplinary actions by regulators against the firm or broker. Investors receive an electronic disclosure report as well as access to other educational services, including the Professional Designation Database and state disclosure programs.

BECAUSE YOU’RE WORTH…MORE
www.freemoneyfinance.com

Whether you’re living on a student’s budget or a CFO’s salary, Free Money Finance has innovative ideas for increasing net worth, budgeting and maximizing retirement savings that you can immediately put into practice. On Mondays, check out “Star Money Articles,” a posting of news and tips from several of the Web’s popular personal finance sites. Take a few minutes on Fridays to read “One Year Ago,” popular posts from the prior year, to jump-start a frugal weekend.

THE BENEFITS OF TAX KNOWLEDGE
www.irs.gov/retirement

Visit this Smart Stop for the latest tax news and information affecting the employee plans community. CPAs can search for resources on employee plans (EP) examinations and enforcement, retirement plans, benefit audits and correcting EP errors. Click on the “EP/Forms/Pubs/Products” link for access to PDF versions of EP forms and publications, plus in-depth instructions for form 5500, Annual Return/Report of Employee Benefit Plan, and form 5330, Return of Excise Taxes Related to Employee Benefit Plans.

NOTHING IS CERTAIN BUT…
www.deathandtaxesblog.com

Visit Chicago-area attorney Joel Schoenmeyer’s Web site to brush up on topics straddling the lines between law, accounting and wealth management. Death and Taxes—The Blog offers estate planning and administration news and commentary, plus coverage of legal issues about real estate, gift and income taxes, trusts and charitable giving.

Bob Jensen's investment helpers are at http://www.trinity.edu/rjensen/Bookbob1.htm#Markets

 

Audit Analytics --- http://www.auditanalytics.com/0002/

A Premium Audit Industry Market Intelligence Service Audit Analytics has information on over 20,000 public registrants and over 1,500 audit firms. It is the most comprehensive market intelligence tool for the audit industry available today. AuditAnalytics.com currently offers over 60 data fields to its users. Access to this data is available as on-line user subscriptions, as enterprise data feed subscriptions, and in custom reports.

Frauds and Fraud Examination

The FBI's Internet Fraud and Complaint Center (IFCC FBI)
To thwart fraud on the Internet and terror in general, check in and/or report to http://www1.ifccfbi.gov/index.asp

Bob Jensen's Threads on Accounting Fraud --- http://www.trinity.edu/rjensen/fraud.htm 

Message from FERF on February 24, 2004

Fraud Checklists

Another FEI member responsible for a Sarbanes-Oxley 404 engagement recently inquired about a "checklist that can be used at the process level to help identify the types of fraud concerns related to a specific process."

FERF researchers found the following references:

An Appendix to Statement on Auditing Standards No. 99, Consideration of Fraud in a Financial Statement Audit (SAS 99), provides examples of fraud risk factors. The appendix is available at the AICPA website at: http://www.aicpa.org/antifraud/business_industry_govt/assessing_organization_vulnerability/identify_assess_risk/38.htm

The Association of Certified Fraud Examiners provides a fraud prevention checkup that can be used to assist in determining an "entity's vulnerability to fraud." http://www.cfenet.com/pdfs/FrdPrevCheckUp.pdf

In January 2003, the Institute of Internal Auditors conducted a survey on red flags used to detect fraud. Though the survey is closed, the text can be used as a checklist. http://www.gain2.org/redflags.htm

Somewhat related to the issue of fraud, Mutual Interest published an article about SAS 99 and fraud: http://www.auditnet.org/articles/SAS%2099%20Friend%20or%20Foe.PDF

FERF also wrote an article on fraud detection that will be published in the March/April 2004 issue of FE Magazine that will soon be available at http://www.fei.org/mag/.

Bob Jensen's main fraud links are at http://www.trinity.edu/rjensen/fraud.htm

Services Offered by Professional Accounting Firms (including how to find them) --- http://www.trinity.edu/rjensen/fees.htm#ServicesOffered 

 

Databases, ACCESS, ODBC, and Queries

A great listing of URLs of companies selling accounting systems software
http://www.lib.polyu.edu.hk/electdb/DATAPRO/154-1.htm

Bob Jensen's AIS course --- http://www.trinity.edu/rjensen/acct5342/acct5342.htm

SQL Ledger --- http://www.sql-ledger.org/

other

Application Development Trends
SAP Homepage (Accounting Information Systems)
Microsoft Access Accounting Systems
Application Development Trends (Information Systems, Databases)
ACCT 5342 Accounting Inrformation Systems (Includes ACCESS links)
QueryTool (Databases, ODBC)
SnmpQL SQL Examples
Index of /~jbarlow/dbclass/fall.95/ SQL examples/
InterBase SQL GROUP BY
CS 265 - SQL Examples MS Assexx
Technical Glossary @IceNH
Microsoft Access Health Care Solutions
A Metalanguage for Describing Internet Resources
SAP R/3 Design Center [SAP] PriceWaterhouse Coopers
DatatelHome Page
EDUCATIONSYSTEMS (SCT Education and Accounting Information Systems)
CARSInformation Systems
PeopleSoft:Meet PeopleSoft
 

ASU

http://www.public.asu.edu/~cpaul/
Julie Smith David Homepage
ACC330: Accounting Information Systems at Arizona State University
COURSE TECHNOLOGY
 

Joseph H. Callaghan, Thomas W. Lauer, and Eileen Peacock
Oakland University's School of Business Administration

An AIS Curriculum Using a Model-Oriented, Tool-Enhanced (MOTE) Framework
See http://www.rutgers.edu/Accounting/raw/aaa/facdev/teaching/submissions/callaghan.htm

The innovation consists of a curriculum, instructional strategy, teaching approach, and a set of related teaching materials.  Evidence of this implemented innovation is composed of the following:

  • An Executive Summary
  • Several articles describing the innovation and its foundation elements
  • Attestations from academics, students, practitioners, and employers
  • Course syllabi for the three courses in the curriculum:
         ACC 418/618, Computerized Accounting Information Systems
         ACC 419/619, Accounting Information Systems: Design
         ACC 480/680, Special Topics in Accounting Information Systems
  • Examples of course materials used in the curriculum
  • Data Modeling Case example Business Process Case example Sy's Fish Case example PLACE Case

At its core, the MOTE approach aims to teach conceptual understanding and skills in data and process modeling in an accounting context. Learning these skills on a conceptual level is reinforced through the use of programmer development software. These are software tools that support systems development from the model level during systems analysis, through systems design, and to the completion of the development life cycle and the construction of the system. The first two courses of our AIS curriculum roughly follow these three phases, while the third course reiterates these phases in a complex accounting context. For further information, see the Executive Summary for the innovation at http://www.sba.oakland.edu/faculty/Callaghan/aisaward/AAA%20MOTE%20award.html

Miscellaneous AIS (Including Shared Courseware)

ACCT 5342 Accounting Inrformation Systems
AAA IS/MAS Homepage
Study Web
http://www.isworld.org/isworld.html
Ernie. Your online business consultant.
Frank G. Duserick (MIS and AIS Courses)
Darrell Walden at U. of Richmond - Accounting Information Systems
Univeristy of Waterloo - School of Accountancy - J.E. Boritz
AC3029 Accounting Information Systems (AIS)
AAA IS/MAS Homepage
Ceil M. Pillsbury
AIS OnLine
EdWeb Home Page (Education, Recommended by Ceil Pillsbury)
||-- webprofessor Amelia Baldwin at Florida International University (Acccounting Information Systems)
Favorite Sites -- Accounting, AIS & MIS Students & Professionals
Here's Ernie
http://WWW.raptor.com/library/nstiss.glo.txt
Raptor Systems Security Library
SMAP 96 Homepage
The School of Information Systems
Infobyte Homepage
Infobyte Homepage (General Ledger, Accounitng Education Site)
ISACA - Information Systems Audit and Control Association (Accounting Information Systems)
Favorite Sites -- Accounting, AIS & MIS Students & Professionals (Shared Course Materials)
Favorite Sites -- Accounting, AIS & MIS Students & Professionals (Accounting and AIS Links)
Association for Information Systems
http://www.isworld.org/isworld.html
Datatel Home Page
Datatel : Products (Microcosm Authoring Software)
Microsoft's COM (Component Object Model)
InfobyteHomepage (Accounting, General Ledger Software)
AuditNet: Internet Resources for Auditors
Ernie. Your online business consultant.
AC3029Accounting Systems
KenyonCollege - Academic Projects on the Kenyon Web
Chapters (Internet Guide for Accountants by Kogan, Sudit, and Vasarhelyi)
The AIS/ICIS Placement Listings
 

OSU

AMIS Faculty Home Pages
 
In the Classroom
 
Waleed Muhanna's Home Page
 

Online Continuing Education ( CPE ) and Training

Learning Insights (includes CFA paractice questions)

Ernst & Young educational Webcasts --- http://webcast.ey.com/thoughtcenter/interfaces/ey2/pages/description.asp?action=help 

Associations in the Accounting Profession

"Distance learning: The world of online training for accountants," AccountingWeb, December 2007 ---
http://www.accountingweb.com/cgi-bin/item.cgi?id=103948

From Smart Stops on the Web, Journal of Accountancy, November 2007 --- http://www.aicpa.org/pubs/jofa/nov2007/smart_stops.htm 

CONTINUING EDUCATION

THE CPA TOOLBOX
www.cpemarket.com

This Smart Stop is part of the National Association of State Boards of Accountancy’s www.nasbatools.com, which offers “tools for accountancy compliance.” CPAs can search CPE course providers, the National Registry of CPE Sponsor courses and quality assurance service courses, plus click on “Pilot Test CPE Courses” to try out courses for free. There’s also access to instructor resumes and in-house course providers. Click on the state you’re licensed in to find updated information on mandated continuing education requirements and links to your state’s board of accountancy.

CREDITS ON THE GO
www.cchpodcast.com/partners/cchPodcast

Check this site for free CPE podcasts, available as streaming audio or downloadable to your computer or audio player. Click on “Course Catalog” to download available podcasts and their supplementary PDFs, including a study guide and final exam questions. When you’re ready to take the exam, enroll and purchase the credits—your exam grading and certification is available immediately. Be sure to check if your state’s board of accountancy accepts these CCH self-study courses by clicking the “CPE Accreditation” link.

ASSESS YOURSELF
www.cpa2biz.com/CPE

Just starting your continuing education requirements? Test your skills and training needs with the site’s “Competency Self-Assessment Tool,” free for AICPA members, then search CPE courses by topic, level, job area or format, including CD-ROM and DVD. Check back often to see the month’s top sellers and new releases or to download catalogs for the “CPE Direct” program and “Staff Training Series.”

THE ROAD TO CPE COMPLIANCE
www.cpetracking.com

Can’t keep up with your CPE hours? Launched in 2006, this site keeps accounting professionals and firms up-to-date on CPE hours and compliance. Registered users can record CPE credits, which are then compared to the requirements from each state’s board of accountancy and regulatory agencies. The service also provides status reports by jurisdiction and reporting period, as well as access to all of your CPE records in one location.
 

 

Most accountancy associations, firms, and many colleges also offer CPE courses.

Bob Jensen's threads on online training and education are at http://www.trinity.edu/rjensen/Crossborder.htm

 

Directories for the Accounting Profession

Richard Torian's Managerial Accounting Information Center --- http://www.informationforaccountants.com/ 

O'Keefe Accounting Library Searches http://library.sau.edu/bestinfo/Majors/Accnt/accindex.htm

Services Offered by Professional Accounting Firms (including how to find them) --- http://www.trinity.edu/rjensen/fees.htm#ServicesOffered 

Bob Jensen's Threads on Accounting Fraud, Forensic Accounting, Securities Fraud, and White Collar Crime ---  http://www.trinity.edu/rjensen/fraud.htm 

Bob Jensen's Threads on Fees and Choosing Accountants, Financial Advisors, and Consultants --- http://www.trinity.edu/rjensen/fees.htm

 Accounting Professional Site Links 
The CPA Team http://www.cpateam.com/  
 
CPAnet http://www.cpanet.com/index.asp 
Accountants Directory - Database Search
THE LIST of CPA Firms
Welcome to NACUBO!
Gerald Trite's great set of links --- http://iago.stfx.ca/people/gtrites/Docs/bookmark.htm 
 
AccountingWEB's Entrepreneur to Accountant Referral Network (E.A.R.N.) program, matching the accounting and financial needs of thousands of small businesses with the talent of the AccountingWEB community. http://www.accountingweb.com/item/39161 
 
Bob Jensen's Links
American Association of Hispanic Certified Public Accountants --- http://www.aahcpa.org/ 
Jensen & Sandlin Survey of U.S. Accountancy Education Programs
E. Barry Rice, Loyola College in Maryland
ANet Home Page
ANet Australia home (International Accounting Network)
Wm. Dennis Huber's Web Page
RAW Rutgers Accounting Web Introduction
Locate a Lawyer with lawyers.com!

Information Systems Audit and Control Association and Foundation Web (ISACA) site --- http://www.isaca.org/ 

Professor Durler has a nice links page at http://www.emporia.edu/~durlerge/links.htm 

Public Accounting Report has published its annual ranking of America's Top 100 Accounting Firms, and it's no surprise that Andersen, last year's number five ranked firm, is no longer on the list. http://www.accountingweb.com/item/95611

  1. PricewaterhouseCoopers: $8,056.5 million
  2. Deloitte & Touche: $6,130 million
  3. Ernst & Young: $4,485 million
  4. KPMG: $3,171 million
  5. Grant Thornton: $432.5 million
  6. BDO Seidman: $353 million
  7. BKD: $210.9 million
  8. Crowe, Chizek & Co.: $204.7 million
  9. McGladrey & Pullen: $203 million
  10. Moss Adams: $163 million

"Second Six: Ready to Step Up?" CFO.com --- http://www.cfo.com/specialreport/0,5487,564||A,00.html 

As contributing editor Ed Zwirn reveals in his article ''The Second Six: Ready to Step Up?'', the demise of Andersen and the advent of Sarbanes-Oxley have not been an unqualified blessing for those firms that remain. And in ''Same Straw, Smaller Back,'' Zwirn notes how new regulatory burdens that fall heavily on smaller companies (the usual Group B clients) may persuade many of them to go private.

The American Bar Association is Giving Something Away for Free
ABA LawInfo.org --- http://www.abalawinfo.org/ 
     Your gateway to information on legal topics that affect your daily life.

Company & Industry Information
Company Lists ... Company Research ... Stock and Investments ... Industry Information ... More

From the Scout Report --- Business.com http://www.business.com/ 

The owners of this lucrative URL address have sponsored a Web directory created by a "team of 50 research analysts [that] has sifted through the Web to find relevant sites for our handcrafted Directory." All Websites in this 30-category directory have been annotated. The annotations, however, tend to be very terse and a bit vague. First time users are encouraged to skim over the excellent site guide, which gives a step-by-step manual for using the site as well as in-depth explanations of the terminology and taxonomy.

 

The National Network of Accountants homepage is at http://www.nnaplan.com/ 

AAA

American Accounting Association (AAA)
Accounting Coursepage Exchange (ACE) - American Accounting Association (AAA)
Teaching and Curriculum Section Home Page
Public Interest Section of the AAA
AAA IS/MAS Homepage
Globalization Strategic Alliances Roundtable (GSAR), Berlin, Germany, June 22, 2001 --- http://www.cs.trinity.edu/~rjensen/GSAR2001/000start.htm

AICPA

e-Commerce and e-Business Helpers for Accountants --- 
     http://www.trinity.edu/rjensen/ecommerce.htm
 
AICPA American Institute of Certified Public Accountants
AICPA Journal of Accountancy
AICPA The Vision Process
AICPA AICPA Code of Professional Conduct
AICPA NewsFlash! - 9/16/97 - AICPA Launches CPA WebTrust Electronic Commerce Seal
AICPAAICPA Implementation Initiatives on SAS No. 82
AICPARecently-Issued Auditing Standards and Interpretations
AICPAOnline Policies and Copyright Information
AICPAHome Page
CPAtechonline: Tech News (Accounting, Auditing, Tax, Computers, AIS)
PronouncementsHaving Current and Future Effective Dates
AICPA AICPA Online Audio/Video Library
 

EAA

European Accounting Association Home Page
EAA 96 Complete Index of papers
Index of EAA 96 by Theme Reference - ATH
 

IASB (formerley IASC)

IASB - Web Site

The IASB announced that international accounting IASC standards will now be available on CD-ROM at http://www.iasc.org.uk/news/cen8_065.htm   .

I
You may also try  http://extranet.pw.com/PWRUpdates.htm  
IOSCO Home Page
 

IFAC

IFAC - International Federation of Accountants
The Internet and Distance Learning in Accounting Education—IFAC
International standards are also available along with accounting and auditing standards in various nations are also available on the PriceWaterhouse Coopers Compario at http://www.pwcglobal.com/gx/eng/about/svcs/comperio/ 

FASB

FASB Home Page 



International standards are also available along with accounting and auditing standards in various nations are also available on the PriceWaterhouse Coopers Compario at http://www.pwcglobal.com/gx/eng/about/svcs/comperio/ 

 

There are no free copies of any FASB standards, because sales of those standards are main sources of revenue to the FASB. My advice is to contact Pricewaterhouse Coopers and subscribe to their PW Researcher that contains all standards for a number of nations, the IASC international standards, and all FASB standards. You can get this on the PW Researcher CD-ROM that is updated as new standards and interpretations come along. FAS 52 is one of those standards. One website for the PW Researcher is 
http://instruction.bus.wisc.edu/jfuhrmann/pwr/PW%20Researcher%20Guidelines.html
 

You might also try  http://extranet.pw.com/PWRUpdates.htm  

The other alternative is to order FASB standards directly from the FASB at 
http://www.rutgers.edu/Accounting/raw/fasb/public/index.html
 

 

Others

ACBSP Association of Collegiate Business Schools and Programs
Associated Colleges of the South (ACS)
Palladian Fall 1998
Accounting Related Resources
American Association of Hispanic Certified Public Accountants --- http://www.aahcpa.org/ 

The Institute of Chartered Accountants in England and Wales Links Page http://www.icaew.co.uk/link.ht 

International standards are also available along with accounting and auditing standards in various nations are also available on the PriceWaterhouse Coopers Compario at http://www.pwcglobal.com/gx/eng/about/svcs/comperio/ 
 
Jensen & Sandlin Survey of U.S. Accountancy Education Programs
The Institute of Internal Auditors   (IIA)
Internal Auditing World Wide Web (IAWWW)
Associationof Certified Fraud Examiners Home Page
The Institute of Financial Accountants (United Kingdom)
Prologueto Report to the Nation on Occupational Fraud and Abuse (President Clinton)
AACSB Home Page
ACBSP (Association of Collegiate Business Schools and Programs )
Palladian Fall 1998
Association of Collegiate Business Schools and Programs (ACBSP)
Associated Colleges of the South
ACCOUNTING RESOURCES ON INTERNET
AICPA Home Page
American Accounting Association Homepage
AMERICAN BAR ASSOCIATION
Arizona Society of CPAs
Center for Educational Technology (CETA)
Certified Management Accountants (Canada)
CPA WIRE - home page for the California Society of CPAs
Global Window Main Menu (Business Schools and Culture of Japan)
Illinois CPA Society Members Home Page
Institute of Management Accountants (IMA) --- http://www.imanet.org/ 
MACPA Online
MNCPA
National Society of Accountants (Association)
Oklahoma Society of CPAs
PICPA - Pennsylvania Institute of CPAs
Professional Associations Site Seeker
The IIA Home Page
The Ohio Society of CPAs
TSCPA
Upcoming Workshops (ACS Associated Colleges of the South)
Utah Association of CPAs
CPA Online: Your source for Accounting Information on the Internet
 

Business Firm and Other Directories

 

Career Bookmarks and Threads

The College Board: Big Future: College Search (helpers for choosing a college) --- https://bigfuture.collegeboard.org/college-search

Helpers in Choosing a College from the Chronicle of Higher Education --- http://collegerealitycheck.com/en/
Note the "Find Colleges" button

From the Chronicle of Higher Education
Search for Job Openings in Higher Education ---
https://chroniclevitae.com/job_search/new

Resources for Career Counselors --- http://www.iseek.org/guide/counselors/counselorresources.html

Higher Education Recruitment Consortium --- http://www.hercjobs.org/

Chegg Center Career Advice --- https://www.chegg.com/career-center/advice

Be an Actuary --- http://www.beanactuary.org/

Journal of Hotel & Business Management --- http://www.omicsgroup.org/journals/hotel-business-management.php

American Sociological Association: Facts on Jobs and Careers --- http://www.asanet.org/employment/factsoncareers.cfm

STEM Career --- http://stemcareer.com/

The Bloomberg Job Skills Report 2016: What Recruiters Want ---
http://www.bloomberg.com/graphics/2016-job-skills-report/?cmpid=BBD020916_BIZ

Current Job Openings in Accounting

 

http://www.mastersinaccounting.info/jobs/

  • accounting/finance job openings across the 50 States, updated daily

 

http://www.mastersinaccounting.info/salary/  

  • accounting job information salary per State and region
 

The Best 50 Colleges for African Americans ---
http://time.com/money/4282512/best-colleges-essence-money-african-americans/?xid=newsletter-brief

Jensen Comment
Virtually all the very top non-profit universities now offer totally free education applicants below the poverty line. Most also offer free tuition for children of families earning less than $60,000 or thereabouts. These are the best deals since top grades are easy to earn in those universities like Harvard and Princeton (think grade inflation where the median grades in most courses is an A or A-) and degrees from those top universities are keys to the kingdom ---
http://www.trinity.edu/rjensen/Assess.htm#RateMyProfessor

Most flagship state-supported universities now make terrific deals to African Americans with high SAT or ACT scores. Since virtually all scholarships are need based children from low income families are given priorities for scholarships.

African American athletes get tremendous financial deals, special tutors, and other attractions such as a path toward professional sports in colleges that excel in athletics. However, athletics and scholastic performance do not mix well in general. This is mostly because athletics takes so much time and attention away from courses, although sometimes athletes have attitude problems regarding study and scholarship.

Since the latest affirmative action Supreme Court decision, colleges are not supposed to have affirmative action in admissions and retention. Most colleges and universities get around this ruling in one way or another to both attract and keep African American applicants. But the numbers are still too small, especially for African American male high school dropouts who think they can earn higher incomes on the mean streets. That is such a shame.

One reason is that it's such a shame is that African American graduates in science and professional programs have a tremendous edge in affirmative action hiring and financial support for graduate studies. The AICPA, for example, offers $12,000 per year for minority accounting doctoral students. Accounting doctoral programs generally are tuition free for all students in such programs such that the $12,000 can be used for living expenses.

Application period now open (until May 16) for $12,000 AICPA Fellowship for Minority Doctoral Students Other Than Asians ---
https://www.thiswaytocpa.com/education/scholarship-search/fellowship-minority-doctoral-students/?utm_source=mnl:cpald&utm_medium=email&utm_campaign=14Apr2016

Applicants should also contact the KPMG Foundation for additional opportunities to study for an accounting Ph.D. ---
http://www.kpmgfoundation.org/
Some universities cooperating with the KPMG Foundation have tailor-made accountancy Ph.D. programs for minority students other than Asians.


Bloomberg:  Best Undergraduate Business Schools of 2016 ---
http://www.bloomberg.com/features/2016-best-undergrad-business-schools/?cmpid=BBD041916_BIZ&utm_medium=email&utm_source=newsletter&utm_campaign=

. . .

We based our ranking on four main metrics (see full methodology):

Employer Survey (40 percent of total score):  Feedback from recruiters who hire recent business graduates on how well schools prepared students for jobs at their companies.

Student Survey (35 percent):  Students' own ratings of the campus, career services department, and faculty and administrators.

Starting Salary (15 percent):  The base compensation of students who had jobs lined up, adjusted for salary variation across industries and regions.

Internship (10 percent):  The percentage of a school’s graduates who had at least one internship at any time during college.

Continued in article

Jensen Comment
The Bloomberg rankings differ from surveys like the reputed US News survey that depend more heavily upon deans and thus more heavily on research reputations of faculty in the business school rankings. Also I think US News relies more heavily on SAT or ACT scholastic test scores --- 
http://colleges.usnews.rankingsandreviews.com/best-colleges/rankings/business-overall
Some of Bloomberg's top 10 undergraduate programs do not make the top 10 in the US News rankings.

For example, Bloomberg gives top 10 undergraduate business school honors to Villanova, Boston College, and Bentley that are not in the US News top 10.

Accounting programs are probably best viewed at the graduate level where most employment takes place. I don't think Bloomberg ranks accounting schools, but the latest outcomes from US News are at
http://colleges.usnews.rankingsandreviews.com/best-colleges/rankings/business-accounting

 

Here we see some key differences in the top 10 accounting schools versus undergraduate business schools such as with USC, Illinois, and Florida.

Interestingly, MIT comes off the top ranking in accounting vis-a-vis business rankings. Personally, I don't think MIT's claim to fame is its undergraduate accounting program relative to other Boston accounting programs such as those at Boston College and Bentley. MIT comes off ranked at Number 2 in the US News Undergraduate business school rankings ---
http://colleges.usnews.rankingsandreviews.com/best-colleges/rankings/business-overall

 

USA Today:  Ten Top Accounting Programs ---
http://college.usatoday.com/2016/02/26/top-colleges-for-accounting/

. . .

1. Bentley University

The accountancy department is the oldest department at Bentley University, and has a long tradition of providing a high-quality accounting education. Classes in cost accounting, auditing, financial accounting and information technology help to provide a core understanding of the business world and the role accounting plays in it. Accounting is one of the most popular majors in the school, and it is no wonder as graduates are often highly successful in their careers, earning an average starting salary of $51,000 and mid-career salary of $99,000.

2. University of Notre Dame

The Mendoza College of Business at the University of Notre Dame is a top-tier business school, combining a liberal arts education with advanced knowledge and research in accounting to provide students with a strong understanding of the field.

Students take specialized classes in strategic cost management, audit and assurance services and federal taxation among others to help develop critical thinking and leadership skills. Graduates of the accountancy program have a solid grasp of the field and find careers within the accounting industry earning an average mid-career salary of $119,000.

3. Bryant University

Founded in 1863, Bryant University has a strong history of producing professionals who are leaders in the field. Its accounting program is no exception.

Classes in leadership, financial reporting, taxation, auditing and management introduce students to the business world, while improving communication and analytical skills. Graduates of this program have a dynamic understanding of accounting and are prepared for a career in a challenging field. They typically earn an average starting salary of $52,000 and mid-career salaries of $80,000.

4. New York University

The Leonard N. Stern School of Business at New York University offers two different undergraduate degrees in accounting, one with an emphasis in C.P.A., and the other less technical in nature. The second option allows students to blend liberal arts classes with core business and accounting classes to give them a broad education in the field.

A B.S in accounting from Stern leads to a high average starting salary of $65,000. Graduates of this program often progress to positions of leadership, earning an average mid-career salary of $114,000.

5. University of Illinois at Urbana-Champaign

Accounting is a global field that plays a core role in all business functions. A degree from the University of Illinois at Urbana-Champaign will prepare you for a successful career at any organization. The undergraduate program is centered on preparing graduates for a career in a variety of accounting fields, ranging from corporate to governmental.

Students are exposed to the fundamental principles of accounting, while learning how to apply current best business practices. The curriculum integrates liberal arts classes with core business classes in management, finance and analytics to create an environment that enhances critical thinking skills. Graduates of this program have been highly successful in the business world, earning an average mid-career salary of $100,000.

6. University of Southern California

The Marshall School of Business at the University of Southern California houses the distinguished Leventhal School of Accounting. This undergraduate accounting program is one of the best in the country due to the exclusivity of the program. Students study the art of accounting, while understanding the role it plays in business. They have the ability to customize their major, so they are taking classes that prepare them for quick advancement in the business world.

Classes in finance, economics and management help promote discussions about accounting practices, while supplementing classes on accounting principles. USC graduates of the accounting program earn an average starting salary of $55,000, but typically advance quickly, to an average mid-career salary of $110,000.

7. The University of Texas-Austin

In addition to offering a Bachelor of Business Administration (BBA) in accounting, the McCombs School of Business at the University of Texas also has an integrated Master in Professional Accounting (iMPA) program that allows strong students to earn both an BBA and MPA in five years.

Students can choose a corporate track or a financial institutions track, depending on their desired career plans. Upon graduation, accounting majors typically accept jobs in industry or government with an average starting salary of $51,000.

8. CUNY Bernard M. Baruch College

The Zicklin School of Business at CUNY Bernard M Baruch College is a highly-ranked business school with a reputation of providing a quality accounting education. The school attracts top faculty that have developed a curriculum that exposes the relationship between accounting and other crucial business practices.

Students take core classes in cost accounting, financial accounting, auditing and taxation along with electives in areas such as corporate finance and business law. A degree from Baruch leads to well-paying jobs, with graduates earning an average mid-career salary of $89,000.

9. Boston College

Boston College is a top school known for its strong curriculum and the success of its graduates. The accounting department holds the same reputation due to its world-class faculty and collaborative classes.

Accounting majors take their core business classes in finance, taxation, economics, analysis and auditing at the Carroll School of Management. They are given the option to specialize in Accounting, Accounting Information Systems or Corporate Reporting. Each of these concentrations is challenging and prepares graduates for rewarding careers in a variety of accounting services, earning an average mid-career salary of $109,000.

10. Villanova University

The Villanova University School of Business offers an accountancy program that prepares students for careers at business firms, corporations and governmental organizations. The school has a dynamic curriculum that incorporates theory and principles with exposure to current business practices. This gives students the opportunity to gain a well-rounded business education and secure jobs after graduation.

Classes in accounting, auditing and taxation are supplemented by electives in areas such as fraud, international accounting and accounting for real estate. Villanova graduates are well-equipped for an accounting career, earning an average starting salary of $55,000 and mid-career salaries averaging $107,000.

 

US News Ranking of Top Accounting Undergraduat Programs --- http://grad-schools.usnews.rankingsandreviews.com/best-graduate-schools/top-business-schools/accounting-rankings

#1
Overall Score:
University of Texas—​Austin (McCombs) 

Austin, TX

$32,298 per year (in-state, full-time); $48,832 per year (out-of-state, full-time)
#2
Overall Score:
University of Pennsylvania (Wharton) 

Philadelphia, PA

$62,424 per year (full-time)
#3
Overall Score:
University of Illinois—​Urbana-​Champaign 

Champaign, IL

$21,974 per year (in-state, full-time); $32,974 per year (out-of-state, full-time)
 
#4
Overall Score:
University of Chicago (Booth) 

Chicago, IL

$61,520 per year (full-time)
#5
Overall Score:
Stanford University 

Stanford, CA

$61,875 per year (full-time)
#6
Overall Score:
Brigham Young University (Marriott) 

Provo, UT

$11,620 per year (LDS member, full-time); $23,240 per year (Non-LDS member, full-time)
#7
Overall Score:
University of Michigan—​Ann Arbor (Ross) 

Ann Arbor, MI

$54,450 per year (in-state, full-time); $59,450 per year (out-of-state, full-time)
#8
Overall Score:
New York University (Stern) 

New York, NY

$60,744 per year (full-time)
#9
Overall Score:
University of Southern California (Marshall) 

Los Angeles, CA

$51,786 per year (full-time)
#10Tie
Overall Score:
Indiana University—​Bloomington (Kelley) 

Bloomington, IN

$25,500 per year (in-state, full-time); $44,460 per year (out-of-state, full-time)
#10Tie
Overall Score:
University of North Carolina—​Chapel Hill (Kenan-​Flagler) 

Chapel Hill, NC

$34,015 per year (in-state, full-time); $52,470 per year (out-of-state, full-time)

Jensen Comment
The USA rankings lean toward universities in big cities where starting salaries are somewhat higher but living costs are much higher than than say living costs in Utah and surrounding mountain states. Exceptions include Bryant, Illinois and Notre Dame, but these universities feed nearby urban centers.

I favor the US News report that is influenced more heavily by opinions of administrators that, in turn, are more influenced by reputations of accounting faculty. The US News anointed universities have more stars.


Following Starbucks' lead, JetBlue employees will now get free college education in the online Arizona State University program
"JetBlue Will Pay Employees’ College Tuition Upfront," by Corinne Ruff, Chronicle of Higher Education, April 18, 2016 ---
http://chronicle.com/article/JetBlue-Will-Pay-Employees-/236144?cid=at&utm_source=at&utm_medium=en&elqTrackId=2c1186cfd9b341cb9c63ee9ed19e27b4&elq=ff4810688471400f82f0d34fb98b721c&elqaid=8697&elqat=1&elqCampaignId=2932

The program is the latest company-and-college partnership that takes cues from the Starbucks College Achievement Plan — a program, created in 2014, that allows employees of the coffee-shop chain to take online classes at Arizona State University while continuing to work at the company.

But there’s a key difference between the JetBlue program and many other partnerships in the Starbucks-Arizona State model.

Most of the programs either reimburse tuition costs or offer discounts, requiring employees to foot at least some of the bill for their courses. But JetBlue employees won’t pay anything upfront: The company will cover the full cost of an associate degree.

To earn a bachelor’s degree, however, students would have to cover the $3,500 capstone course at Thomas Edison State, either out of pocket or through a scholarship.

In August the company started a pilot version of the program with 200 employees with at least two years’ seniority and with at least 16 credits from an accredited college or university already in hand.

Bonny W. Simi, president of the subsidiary JetBlue Technology Ventures, says that employees had long asked for tuition reimbursement, but that the company wanted to go a step further and foot the whole bill.

‘Success Coaches’ Are Assigned

As interest grows in the unbundling of higher education — the use of just the learning material from the college experience — Ms. Simi says the JetBlue program was made possible by the flexibility and affordability of competency-based education.

"We’ve mapped out degrees so that it’s basically higher ed but stripped away are the cafeterias, the football team, the big campuses, the dorm, and everything," says Ms. Simi, who oversees the program. "It’s just the class."

Continued in article

Jensen Comment
There are other free or highly subsidized college programs paid for by employers such as the huge Wal-Mart program with American Public University, but the Starbucks and JetBlue programs have the most prestigious diplomas in my opinion.

"News Analysis: Is 'Wal-Mart U.' a Good Bargain for Students?" by Marc Parry, Chronicle of Higher Education, June 13, 2010 ---
http://chronicle.com/article/Is-Wal-Mart-U-a-Good/65933/?sid=at&utm_source=at&utm_medium=en

Following Starbucks employee education benefits with Arizona State University,
Anthem Blue Cross offers education benefits with the University of Southern New Hampshire

"Fiat Chrysler Offers Degrees to Employee Families (including families of dealer employees) ," Inside Higher Ed, November 23, 2015 ---
https://www.insidehighered.com/quicktakes/2015/11/23/fiat-chrysler-offers-degrees-employee-families?utm_source=Inside+Higher+Ed&utm_campaign=b3c3eb755f-DNU20151123&utm_medium=email&utm_term=0_1fcbc04421-b3c3eb755f-197565045

"An Increasingly Popular Job Perk: Online Education," by Mary Ellen McIntire, Chronicle of Higher Education, June 2, 2015 ---
http://chronicle.com/blogs/wiredcampus/an-increasingly-popular-job-perk-online-education/56771?cid=wc&utm_source=wc&utm_medium=en

Bob Jensen's threads on fee-based distance education ---
http://www.trinity.edu/rjensen/CrossBorder.htm

Of course there are thousands of free online education and training courses available from prestigious universities such as Stanford, MIT, and top Ivy League universities. But transcript credits are not free for students who want credits for MOOCs on their transcripts. Of course prices are much lower than onsite attendance credits ---
http://www.trinity.edu/rjensen/000aaa/updateee.htm#OKI

Added Jensen Comment
What I think is the most interesting trend in what might be termed competency-based courses and degrees is the lowering of the bar on admissions standards. Virtually anybody can take these newer online cheaper and/or subsidized courses with grades awarded on the basis of competency examinations while taking the courses. In comparison, students admitted on site to universities like Harvard and Stanford and Arizona State University face higher admission standards. But with grade inflation in virtually all on-site campuses (now having median grades of A-) the standards for competency are much lower, in my viewpoint, than the competency-based online courses via MOOCs that dare not become shams with grade inflation.

The bottom line is that the competency standard for Harvard University and Stanford University is being admitted to study on campus. The competency standard for getting transcript credit for their MOOC courses is . . . er . . . er . . . demonstrated competency in the subject matter.

If you want to make a Harvard University onsite student or an ASU onsite student wet his pants make him accept the online competency-based tests for the course he just received an A or B grade in from his professor on campus.

Arizona State University is now under enormous pressure not to make the corporate-subsidized online degrees truly competency-based and not grade-inflated shams.

 


How to Mislead With Statistics

"This graph shows how much money you can earn from each college major," by Abby Jackson, Business Insider, December 24, 2015 ---
http://www.businessinsider.com/earning-potential-by-college-major-2015-12

Jensen Comment
This graph is a great illustration of an interactive graphs, although you have to play around with it some to get the hang of it. For example, if you want to see the graphs for just "Accounting" click off the box for "All," click the box for "Accounting," and then scroll down and click on "Apply."

By now many of you are weary of my warnings about such things as definitions, averages without standard deviations, skewness (kurtosis), etc. For example, means or medians for "accounting" can be misleading without knowing how accounting is defined. For example, there's a big difference between what lowly bookkeepers make versus CPA firm partners and executives in major corporations. There's a huge difference between what accounting Ph.D. graduates make in struggling small private colleges versus what they make at Ivy League universities. Also there's a huge difference in fringe benefits such as housing subsidies, research stipends, summer pay, and fringe benefits such as contributions to TIAA/CREF. Also Ph.D. graduates tend to have opportunities for outside income in book writing and consulting. At a prestigious university like Harvard, a professor's Harvard salary is likely to be only a small part of total income.

In general, the biggest problem is in career tracking combined with income standard deviations. Comparing the lifetime earnings of a cost accountant in General Electric cannot really be compared with the lifetime earnings of a partner in a small local public accounting firm really cannot be compared because some of these partners may top out at $50,000 or more per year whereas others top out at $500,000 per year after their retirement buyouts are factored into compensation.

A top accounting graduate typically goes to work for 5-10 years with a large public accounting firm or the government. However, 80% or more of those graduates leave (most never intended to stay in public accounting or government employment) and go to work for in private industry such as when an IRS agent goes to work at a high level in a corporate tax department. At such time they often make much more than others who stay in public accounting or government. The problem is that in studies like the one cited above these "former" accountants are no longer classified as accountants such as when a public accountant becomes the CFO or CEO of a large or small corporation. Hence in studies like the one above a former accountant is excluded from the 20-year survey of "accountants."

The same problem arises when examining accountants who only have "associates" degrees. Typically these accounting graduates are no longer "accountants" ten or 20 years out. Some may be CEOs of their own companies and some might earn over $200,000 per year in stores or plumbing companies that they own. Hence, I'm extremely suspicious of graphs that compare the benefits of getting a Ph.D. versus an associates degree in accounting. The problem is that most associates  or bachelors degree holders either dropped out of the labor market (such as to have babies) or became entrepreneurs who are no longer classified as "accountants."

Problems like those mentioned above become exacerbated when comparing types of degrees such as accounting versus culinary arts versus creative writing.

Conclusion
The bottom line is that studies like this are so misleading and dangerous that I wish they did not get published.

Bob Jensen's threads on careers are at
http://www.trinity.edu/rjensen/bookbob1.htm#careers


For a list of job boards for accountants see http://maaw.info/AccountingJobBoards.htm

 


"14 Things High Schoolers Should Know Before They Go To College," by Vivian Giang, Business Insider, July 16, 2013 ---
http://www.businessinsider.com/what-young-people-should-know-before-going-to-college-2013-7


 

The Muse (free job hunting site) --- https://www.themuse.com/



PwC US Launches CareerAdvisor
, January 7, 2015
New platform of tools to provide students with resources they need for the career they want
http://www.pwc.com/us/en/press-releases/2015/pwc-us-launches-careeradvisor.jhtml

 


USA ACCOUNTING ENROLLMENTS CONTINUE UPWARD TREND, REACH ALL-TIME HIGH
"2015 Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits," AICPA, 2015

The 2015 edition of Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits is a publication of the results of a long-standing American Institute of CPAs survey.

The survey, published since 1971, identifies key trends in accounting enrollment, as well as graduation and hiring. This report, covering the 2013–14 academic year, provides estimated information and forecasting regarding the supply of and demand for new accounting graduates within the public accounting sector to various stakeholders and interested parties.

In the 2013–14 academic year, enrollment in accounting programs reached an all-time high after a year of rapid growth — a 19% increase for master’s degree enrollments and a 3% increase in bachelor’s degree enrollments. Master of Accounting programs of both public and private universities saw major growth in enrollment — with 23% and 50% increases in enrollments this period, respectively — while there was a smaller increase (12%) of enrollments in Bachelor of Accounting programs at private universities and a 22% decrease in bachelor’s degree enrollments at public universities.

Total bachelor’s and master’s degrees in accounting awarded in the 2013–14 academic year remained steady with a less than 1% decline after reaching an all-time high in the 2011–12 academic year. Master’s degrees awarded increased by 31%, while bachelor’s degrees awarded decreased by 11%.

Hiring also reached record levels after 7% growth in all new hires. Master’s degree hires saw the largest growth, with an 11% increase since 2012. Over the same time period, bachelor’s degree hires increased 5%. As a percentage of total hires in 2014, however, new hires with bachelor’s degrees increased 3 percentage points, new hires with master’s degrees decreased 6 percentage points, and total nonaccounting hires increased 2 percentage points since the previous reporting period. As a percentage of new hires, those assigned to accounting/auditing decreased 4 percentage points while assignment to taxation increased by the same amount.

Universities and firms are both optimistic about the growth of the profession — 97% of bachelor’s programs and 70% of master’s programs expect their enrollment to be the same or higher than the previous year. Additionally, 91% of firms expect their hiring of new accounting graduates to be higher than or the same as the previous year. Larger firms are especially optimistic about future hiring with all large firms employing over 200 CPAs forecasting the same or more new hires in every area next year.

The gender distribution of professional staff at all firms is now 52% male and 48% female. The reported race/ethnicity distribution changed with the White race/ethnicity category increasing 10 percentage points, the Asian/Pacific Islander race/ethnicity category decreasing 9 percentage points, and the Black/AfricanAmerican race/ethnicity category decreasing 2 percentage points. The gender distribution of partners also showed a significant shift, with a 5 percentage point increase in female partners between 2012 and 2014.

The AICPA is very appreciative of the universities and firms who took the time to participate in this year’s survey. Please contact us at trends@aicpa.org with any questions or feedback as we strive to make the information in these surveys relevant to your needs.


"The Economic Guide To Picking A College Major," by Ben Casselman, Nate Silver's 5:38 Blog, September 12, 2014 (slightly dated) ---
http://fivethirtyeight.com/features/the-economic-guide-to-picking-a-college-major/

Jensen Comment
This is a better-than-most article article on this topic, although virtually all such articles are misleading in terms of long-term versus short term reasons for choosing a major. For example, some of the highest paying careers at the point of graduation are not great careers in terms of long-term opportunities for professional growth or lifetime income. Accounting and finance, for example, are typically ranked low in terms of average starting salaries but rank high in terms of economic opportunities. In part this is because accounting and finance graduates are neophytes who have minimal expertise that comes with experience and post-graduate learning (usually on the job). They have a lot of learning to do before they can earn their keep.

One strong point of the article is that it lists number of majors in each discipline broken down into quartiles. This is important because numbers reflect the fact that there are both opportunities and job competition due to high versus few numbers of majors. For example, there are over 200,000 nursing majors and nearly 200,000 accounting majors. This suggests that demand for these majors must be relatively widespread with considerable  choices of location both in urban and rural settings across the USA. Those disciplines having less than 1,000 majors perhaps have much less choice with respect to number of employers and geographic locations.

The article is weak in terms of showing the incremental advantages of getting advanced degrees. For example, the physical sciences are not usually great undergraduate majors without going into some type of graduate study. Some majors require at least masters degrees for taking the licensing examinations for a career. Thus comparing these majors with majors that only require undergraduate degrees is a little like comparing apples and oranges.

Also some majors that used to be great in terms of income and opportunity have fallen onto hard times. Law schools, for example, are now graduating twice and many majors relative to career opportunities in law.

Also some majors are much less specific in terms of job skills. For example, graduates in business management have wide ranging skills (or lack thereof) relative to accounting, pharmacy, and engineering majors that require many more specialized courses in a curriculum --- partly due to the way certification examinations dominate curricula for some majors like accounting, pharmacy, and engineering but not business management. My point is that the subset of business management majors is such a heterogeneous subset I'm not certain what starting salary averages really mean in this diverse population.

My main recommendation is that starting salaries should be given much less consideration than other factors going into a career. For example, I personally would never have considered physical therapy as a major, because I think physical therapy over the course of 50 years on the job must be terribly boring and generally lacks growth opportunity. Some careers like K-12 teaching lack growth opportunities buy offer considerable independence in terms of free time with summer vacations and holidays that add up to a lot of free time in a lifetime career. free time for example to raise children.

For me, being a professor in a university turned into what I think has to be the best of all careers as long as becoming wealthy is not a priority in life. The main advantage is independence choosing how to spend your time on and off the job. There are of course other types of non-monetary rewards in helping students learn and develop their own lives. My research and scholarship had great variety over the years and was not nearly as dull as you might think when the word "accountancy" is mentioned as an academic discipline.


Women in Science --- http://www.womeninscience.org/

PBS: SciGirls --- http://pbskids.org/scigirls/

The Untold History of Women in Science and Technology --- http://www.whitehouse.gov/women-in-stem

Affirmative Action Favors Women, Blacks and Latinos Over Whites and Asian Males  in Science Tenure Track Hiring

"Advantage Women,," by Colleen Flaherty," National Academy of Sciences via Inside Higher Ed, April 14, 2015 ---
https://www.insidehighered.com/news/2015/04/14/study-suggests-stem-faculty-hiring-favors-women-over-men

Many studies suggest that women scientists aspiring to careers in academe face roadblocks, including bias -- implicit or overt -- in hiring. But a new study is throwing a curveball into the literature, suggesting that women candidates are favored 2 to 1 over men for tenure-track positions in the science, technology, engineering and math fields. Could it be that STEM gender diversity and bias awareness efforts are working, or even creating a preference for female candidates -- or is something more nuanced going on? Experts say it’s probably both.

Wendy M. Williams, professor of human development at Cornell University, and Stephen Ceci, the Helen L. Carr Professor of Developmental Psychology at Cornell, are no strangers to complicating research on gender bias in STEM. In a 2010 paper in the Proceedings of the National Academy of Sciences, for example, they argued that women’s life choices, whether voluntary or constrained, better explain women’s underrepresentation in STEM than the usual suspects of discrimination in journal and grant reviewing and hiring. (They argued such biases were things of the past, and that efforts to address them missed the real source of the problem.)

Continued in article

38 Percent Of Women Earn More Than Their Husbands," by Mona Chalabi, NPR via Nate Silver's 5:38 Blog, February 8, 2015 ---
http://fivethirtyeight.com/datalab/38-percent-of-women-earn-more-than-their-husbands/

Bob Jensen's threads on affirmative action in academe ---
http://www.trinity.edu/rjensen/HigherEdControversies2.htm#AffirmativeAction


"Hiring and enrollments reached record highs last year," by Courtney L. Vien, Journal of Accountancy, August 10, 2015 ---
http://www.journalofaccountancy.com/news/2015/aug/public-accounting-firm-jobs-hiring-201512792.html#sthash.0OtpJ7X4.dpuf

Unlike many in their Millennial cohort who face continued underemployment, accounting graduates find themselves in high demand from employers. Top students are often recruited, offered jobs during or after their internships, and enticed with signing bonuses.

According to the AICPA report Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits, hiring at public accounting firms jumped 7% to reach record levels in 2013–14. Ninety-one percent of all firms said they expect to hire accounting graduates at the same or higher levels in 2015.

- See more at: http://www.journalofaccountancy.com/news/2015/aug/public-accounting-firm-jobs-hiring-201512792.html#sthash.0OtpJ7X4.dpuf

Unlike many in their Millennial cohort who face continued underemployment, accounting graduates find themselves in high demand from employers. Top students are often recruited, offered jobs during or after their internships, and enticed with signing bonuses.

According to the AICPA report Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits, hiring at public accounting firms jumped 7% to reach record levels in 2013–14. Ninety-one percent of all firms said they expect to hire accounting graduates at the same or higher levels in 2015.

Continued in article


"Medicine, Law, Business: Which Grad Students Borrow The Most?" NPR, July 15, 2015 --- Click Here
http://www.npr.org/sections/money/2015/07/15/422590257/medicine-law-business-which-grad-students-borrow-the-most?utm_source=facebook.com&utm_medium=social&utm_campaign=npr&utm_term=nprnews&utm_content=20150715

Hint:  Except for the outliers the correlation with starting salaries is less than I would have expected. However, the outliers increase this correlation. In some fields, especially business, the variance in lifetime earnings is much greater.

Partial Quotation from the Article

Students studying medicine and law typically borrow more than $100,000 to get through school, and many go on to high-paying careers.

At the other end of the spectrum, many Ph.D. students wind up in academia. Most get grants and subsidies — and the majority don't have to borrow any money at all to get through grad school.

One striking case: MBAs. People who go to business school take on significantly less debt than people at other professional schools. Most MBA programs are two years long — shorter than law school (three years) or med school (four).

But that's not nearly enough to explain the difference.

Jensen Question

I have a granddaughter who recently graduated in pharmacy with  enormous debt. It's not clear why pharmacists in general graduate with more debt than most other graduates outside of medicine. In her case the reason was that she chose an expensive small private college well beyond the means of her family for so many years.

 Her brother is now entering the University of Maine system intent of a nursing career. He has much more fear of debt than his sister. This is the main reason his undergraduate degree will cost so much less before he goes on to graduate school. As valedictorian of his high school class he also earned a scholarship of $1,000 per year  for any college of his choosing.

Bob Jensen's threads on student debt ---
http://www.trinity.edu/rjensen/HigherEdControversies.htm#StudentDebt


Concerns Over Shortage of Competent Accounting Recruits
"Staffing issues surge to forefront of accounting firm concerns,"  by Jeff Drew, Journal of Accountancy, June 9, 2015 ---
http://www.journalofaccountancy.com/news/2015/jun/accounting-firm-issues-201512451.html 

It’s been a long time, but U.S. accounting firms are again dealing with a full-fledged talent shortage.

That’s one of the main takeaways from the 2015 Private Companies Practice Section (PCPS) CPA Firm Top Issues survey, which found staffing issues leading the list of concerns for accounting firms of all sizes except sole proprietors.

Finding qualified staff ranked as one of the two most pressing issues for all firms with more than one professional, topping the list for firms with two to 10 professionals and ranking second among firms with 11 or more professionals (see chart below). Firms in the two largest size categories (11–20 professionals and 21+ professionals) named staff retention as their No. 1 concern.

Continued in article


"The Fields That Students Flock to During Recessions," by Josh Zumbrun, The Wall Street Journal, July 16, 2015 ---
http://blogs.wsj.com/economics/2015/07/17/the-fields-that-students-flock-to-during-recessions/ 

Graduating into a recession stunts the careers of the young men and women entering the labor market. But it turns out a lot of students don’t sit back and passively accept this outcome: Many students who see a recession during their early college years switch to majors with better job prospects.

According to new research from Benjamin Keys at the University of ChicagoBrian Cadena at the University of Colorado Boulder and Erica Blom at Edgeworth Economics, the shifts can be dramatic.

When the national unemployment rate rises by 1 percentage point, the share of women studying business rises by nearly two-thirds of a percentage point. The share of women studying nursing climbs by nearly a third of a percentage point. An additional quarter percentage point switch into accounting. Meanwhile, enrollment in education, literature and languages, sociology and psychology drops.

 

Jensen Comment
Accounting ranks number three from the top. It may well be on the top if it did not take five years (150 selective credits) and a certification examination to become a CPA. It is true that accounting firms are always hiring when the economy goes up or down. However, in public accounting there's a lot of forced turnover before employees are eligible to become partners. The secondary market declines somewhat for accountants who do not become partners after working in CPA firms for 5-10 years.

The low-ranking fields tend to be low ranking in boom or bust in the economy. Also many high-ranking fields like nursing are high ranking in boom or bust.


The 10 Best and Worst Undergraduate Majors for Getting Jobs (without getting additional credentials) ---
http://www.businessinsider.com/worst-college-majors-2014-6

Top students in the "worst majors" in the past often went on to law school. They are still doing so but in fewer numbers and greatly dampened prospects for working in law firms after law school graduation. Law school losses of students are often MBA program gains. Options in accounting, engineering, nursing, pharmacy are not so great due to all the undergraduate prerequisites that must be satisfied before going to graduate school in those specialties.

Because there are so many graduates in business, neither an undergraduate degree nor an MBA degree is a very good path to a career without extremely high grades or specialties in demand like accounting. Sometimes a combination of degrees greatly improves job prospects such as an undergraduate engineering or computer science degree topped off with an MBA from a top school.

Students planning to get MD or science Ph.D. degrees need to carefully plan their undergraduate studies in advance of going to graduate school. Unfortunately, graduate studies in those fields, especially medicine, can be quite long and expensive. For example, most MD or science Ph.D. graduates must also plan for low-paying post-graduate residency or post-doc years before they can make significant progress in paying down their student loans.

Bob Jensen's threads on careers are at
http://www.trinity.edu/rjensen/Bookbob1.htm#careers

From the Chronicle of Higher Education
Search for the Latest Job Openings in any Discipline of Interest ---
https://chroniclevitae.com/job_search/new?cid=VTECHNJOBSL1

Jensen Comment
When I search for "Accounting" and "Faculty & Research" today there are 256 jobs posted in the past 30 days. However, not all of these jobs seem property classified as both "Accounting" and "Faculty & Research." Also I know of some job openings for accounting professors that are not listed for major universities.

For persons seeking jobs as accounting faculty in the USA perhaps a better place to look might be the American Accounting Association Career Center ---
http://aaahq.org/Career-Center
Job seekers may also post their resumes at this center.

Since there are so many faculty vacancies in accountancy, job seekers with Ph.D. degrees from AACSB-accredited universities are advised to contact colleges and universities where they would most like to be employed.

Bob Jensen's threads on the higher education faculty job market ---
http://www.trinity.edu/rjensen/Bookbob1.htm#AccountingFaculty

 


Academic careers --- http://www.academiccareers.com/

 

LibraryCareers.org --- http://www.ala.org/ala/educationcareers/careers/librarycareerssite/home.cfm

 

Careerzone --- http://careerzone.ny.gov/cz/stem/index.jsp

 

Engineer Your Life (engineering careers and education) --- http://www.engineeryourlife.org/

 

Map: The Most Common Job in Every State (changing times 1978-2014) --- 
http://www.npr.org/blogs/money/2015/02/05/382664837/map-the-most-common-job-in-every-state
 

JobApps --- http://www.myjobapps.com/

The Muse (free job hunting site) --- https://www.themuse.com/

 

Careers in Logistics ---
http://academic.rcc.edu/logisticsmanagement/PDF/Careers In Logistics by CSCMP.pdf

 

Resume Writing Helpers and Samples --- http://www.resumesamples.info/


My Next Move (career change helpers) --- http://www.mynextmove.org/
For example feed in the word "accountant"

 

Science Careers --- http://sciencecareers.sciencemag.org/


Accounting Career Network --- http://www.searchaccountingjobs.com/

 

AccountingCareersNow.com --- http://www.accountingcareersnow.com/

The Big Four Accounting Firms Are All in the Ten:  Who dares say that accounting is a dull career?
"Fifty Most Popular Employers for Business Students," Bloomberg Businessweek, May 9, 2013 ---
http://images.businessweek.com/slideshows/2013-05-09/fifty-most-popular-employers-for-business-students

"How To Get Hired If You Have A Tattoo," by J.T. O'Donnell, Business Insider, October 22, 2013 ---
http://www.businessinsider.com/how-to-get-hired-if-you-have-a-tattoo-2013-10


NASA Women of STEM --- http://www.nasa.gov/education/womenstem/


"38 Percent Of Women Earn More Than Their Husbands," by Mona Chalabi, NPR via Nate Silver's 5:38 Blog, February 8, 2015 ---
http://fivethirtyeight.com/datalab/38-percent-of-women-earn-more-than-their-husbands/

Jensen Comment
I don't know how this study factored for misleading statistics, but here are a few considerations. It's quite common for women to support husbands who are students such as students or residents in medical school. For example, surgical residents get paid, but they get paid very little relative to what their wives may be still earning to support the completion of their husband's training requirements. Of course sometimes it is husbands who support aspiring female physicians.

Many men are in the USA military. Their wives who work are almost certain to have higher income, although the benefits of a military are substantial --- including free family medical care, base housing, base schools, and lifetime pensions commencing at a young age, sometimes before reaching 40 years of age.

Times are changing for professional women at work. The big CPA firms now hire more female accounting graduates than male accounting graduates. There are also cracks in the glass ceiling. Deloitte, one of the top Big Four firms, just appointed a woman CEO.

Bob Jensen's threads on the history of working women ---
http://www.trinity.edu/rjensen/bookbob2.htm


Jensen Note
Entry level accountants are usually called "staff accountants." Upon graduation some of the most plentiful jobs in the world are for staff accountants. Note that in the USA, however, CPA firms generally require that students become qualified to immediately take the CPA examination, and that generally takes a fifth year of study, usually but not always for a masters degree. The same can be said for chartered accountants in many other nations.

Staff Accountants are in the Top Ten Below
"10 jobs with the best salary potential," Jada A. Graves, US News & World Report, February 3, 2015 ---
http://www.businessinsider.com/jobs-with-the-best-salary-potential-2015-2

Jensen Comment
Also important is job-change opportunity. Many college graduates go to work for CPA firms never intending to stay with those firms. Those firms offer terrific opportunity for technical training and exposure to clients needing accounting, internal auditing, forensics, information technology, and tax services. More often than not those that leave the CPA firms and stay in the work force go with clients.

Salaries may or may not be higher, but there is often less travel and job stress when working for a client. Making partner with a CPA firm often entails long hours and public relations skills requiring special talents. Partners are paid well, but less than 15% of the new hires in large CPA firms become partners. Partners generally have skills in obtaining and retaining clients. The same, by the way, is true of law firms where much of the technical work is often performed by lower-paid non-partners.

My point is that students hoping to become partners in CPA firms and law firms should take courses in communications. Foreign languages can also help since sometimes the path to partnership is easier for USA accounting graduates to work in off shore offices of multinational CPA firms such as working in offices in Moscow, Mexico City, and various cities in South America and Asia.


From the Chronicle of Higher Education
Search for the Latest Job Openings in any Discipline of Interest ---
https://chroniclevitae.com/job_search/new?cid=VTECHNJOBSL1

Jensen Comment
When I search for "Accounting" and "Faculty & Research" today there are 256 jobs posted in the past 30 days. However, not all of these jobs seem property classified as both "Accounting" and "Faculty & Research." Also I know of some job openings for accounting professors that are not listed for major universities.

For persons seeking jobs as accounting faculty in the USA perhaps a better place to look might be the American Accounting Association Career Center ---
http://aaahq.org/Career-Center
Job seekers may also post their resumes at this center.

Since there are so many faculty vacancies in accountancy, job seekers with Ph.D. degrees from AACSB-accredited universities are advised to contact colleges and universities where they would most like to be employed.


How to Mislead With Statistics
Unemployment by Occupation 2014 ---
http://247wallst.com/investing/2015/01/16/unemployment-by-occupation-2014/

Jensen Comment
Here are a few reasons why unemployment statistics can be misleading:

The bottom line is that unemployment rates can be very misleading when choosing an intended career. There are many, many more important criteria.


How to Mislead With Statistics
The 15 College Majors With The Lowest Starting Salaries
--- 
http://www.businessinsider.com/college-majors-with-the-lowest-starting-salaries-2015-1?op=1

Jensen Comment
This a in some cases a little misleading such as when careers entailing 12-months on the job with two weeks paid vacation are compared with others entailing 9-months on the job with an added 8+ weeks paid vacation. The latter careers with five months free are especially popular for parents having or expecting young children at home.

Starting salaries are not nearly as important as career growth and enjoyment of the work. For example, some employees will take lower pay to work with children or to work in biblical studies. Careers that have little variation in routine over decades can become very boring. I think physical therapy might be interesting for a time but can become very boring over 40+ years.

Keep in mind that these rankings are based on averages that in some cases have varying standard deviations. For example, law graduates may have higher averages but many start out at very low salaries as clerks or lowly-paid interns.


"Don't Rely On Salary Data To Pick A Programming Language (career):  To Learn Current demand says nothing about earnings potential," by Matt Asay, ReadWriteWeb, November 28, 2014 ---
http://readwrite.com/2014/11/28/programming-language-salary-data-dont-mix

Jensen Comment
This is good advice in general, not just good advice for programmers. I always advised my graduating accounting students not to be mislead by higher starting salaries. I told them to instead look at prospects for training, experience, and exposure to great clients, clients that will often hire them into terrific jobs after they have on-the-job skills.

As a matter of fact higher salaries can be very misleading if you ignore living costs.
For example, CPA firms will often pay more to graduates who will locate in San Francisco, Manhattan, Honolulu, etc. But the cost of living in those cities overwhelms the higher compensation. A lower salary in Des Moines or San Antonio end up being more in terms of compensation net of living costs. But even even then compensation should not be the deciding factor. Look at other things vital to career and happiness in life.

Also don't look at happiness in life to make short term decisions. I very nearly took my first teaching job in Gunnison, Colorado because I wanted to ski and raise horses. At the time this would have been a dead end choice that entailed heaving teaching loads and no research support. Plus as a hot dog skier I would probably be long dead by now.

PS
I still have a friend in Houston who makes a good living programming in COBOL.

"These Are The Highest Paying Programming Languages You Should Learn, Ranked By Salary," by Lisa Eadicicco, Business Insider, November 20, 2014 ---
http://www.businessinsider.com/best-tech-skills-resume-ranked-salary-2014-11

. . .

Based on that data, here are programming languages listed next to their average annual salary from lowest to highest:

12. PERL - $82,513

11. SQL - $85,511

10. Visual Basic - $85,962

9. C# - $89,074

8. R- $90,055

7. C - 90,134

6. JavaScript - $91,461

5. C++ - $93,502

4. JAVA - $94,908

3. Python - $100,717

2. Objective C - $108,225

1. Ruby on Rails - $109,460

While some of these coding languages can help you earn around $100,000, train to become a Salesforce Architect if you want one of the highest paying jobs in tech. According to data from IT recruiting firm Mondo that was published back in March, Salesforce Architects can earn anywhere between $180,000 and $200,000. 


Read more: http://www.businessinsider.com/best-tech-skills-resume-ranked-salary-2014-11#ixzz3JdigS3Iy
 

Jensen Comment
After spending all that part of my life learning and teaching Fortran and COBOL I'm no longer needed. Sigh!


Question
What large CPA firms came out very well in this gender ranking?

"The 100 Best Companies For Working Moms," by Jacquelyn Smith, Working Mothers Magazine via Business Insider, September 16, 2014 ---
http://www.businessinsider.com/best-companies-for-working-moms-2014-9

Bob Jensen's threads on the history of working women ---
http://www.trinity.edu/rjensen/bookbob2.htm#Women


"B-Schools Finally Acknowledge: Companies Want MBAs Who Can Code," by Cory Weinberg, Bloomberg Businessweek, July 11, 2014 ---
http://www.businessweek.com/articles/2014-07-11/b-schools-finally-acknowledge-companies-want-mbas-who-can-code

Jensen Comment
One question is whether this is mostly a filtering criterion or a genuine criterion for hiring. For example, some popular business schools require students to complete two courses in calculus before matriculating as undergraduate business majors. It's not so much that calculus is a prerequisite for business courses as it is that calculus weeds out the dummies.


It's doubtful that many Big Four partners can code.
More important are perceived trustworthiness and going the extra mile in client relations. In my opinion, most partners are the ones visible in public service (such as volunteer work for communities), work pro bono a lot of nights and weekends, and play a lot of golf with clients and prospective clients. I used to belong to a downtown bridge club in Bangor, Maine. A senior partner in a law firm who belonged to that club told me that his job was to get the clients that were served by his technical staff. Some partners with marginal devotion devotion to religion are extremely active in their churches, mosques, and synagogues. My point --- for partners it's the extra hours of the week building relationships outside the office that really count.

"The qualities of a Big Four partner:  Chris Carter, Crawford Spence and Claire Dambrin studied Big Four firms in three countries to find out what qualities make a partner," Economia, July 16, 2014 ---
http://economia.icaew.com/finance/july-2014/essay-the-qualities-of-a-big-four-partner 

The Big Four are quintessentially global organisations, their logos adorn major commercial centres and they are prominent players in most western economies. Unlike their corporate counterparts, their governance structures are more opaque. This is a consequence of the partnership model which gives a high degree of independence to each country in which the Big Four operates. Global organisations –in general – and the Big Four in particular invite the following question: to what extent is there convergence or divergence between their operations in different countries?

We set out to answer this question by researching partners in Canada, France and the UK. We were particularly interested in the types of people that became partner and the process of them actually getting there. Was this similar across the three countries or were there striking differences?

The broad career structure is much the same across the three contexts: following qualification, employees move into the manager position – during which time many tend to leave the firm – before proceeding to senior manager, director and ultimately partner. Only 2-3% of members of the Big Four will ever make partner; ascension to this position is to enter the elite of the accounting profession. In provincial cities, Big Four partners are well known “business celebrities”, while in capital cities they are players within their service lines. Partners are the pinnacle of the accounting profession for those that remain in private practice.

We started by looking at British and Canadian partners. What we found was remarkably similar: it takes most partners 15-17 years to become a partner after joining; 60 to 70 hour weeks are the norm; partners are more likely to be white and male; the process of becoming a partner has become far more formalised than it was in the past; most people who make partnership highlight the importance of “having a good mentor” to help them navigate the complex, Byzantine politics of a Big Four firm.

To add to this picture, interviewees emphasised the importance of trust: does the firm trust a candidate enough to make them a part-owner? All of this takes place against a broader economic backdrop which will determine whether a particular service is deemed worthy of supporting a further partner. The economic conditions can in boom times create more partnerships in a firm; recessionary times can preclude gifted candidates from making partner.

We talked to over 50 partners, ex-partners and people who didn’t make partner in Britain and Canada. The similarities far overshadowed any differences. Partners were very much “self-made men” and, save for a few exceptions, were drawn from modest social backgrounds. This meritocratic quality was deeply infused within the firms we visited, with a notable ‘can do’ ethos. The driven quality of the partners often extended to their leisure pursuits. Whereas the stereotype is of a partner playing a good deal of golf, they were much more likely to be competing in endurance cycle races or long distance running events. The participation in endurance sports is a fitting metaphor. Partners are driven, high energy people who exude self-confidence.

By midway through our research we were accustomed to partners recounting that “their career was different”. This statement surprised us as most of the partners spent most of their careers in one firm, something that is very unusual in the contemporary workplace, and we imagined that there was a distinct career path. The expression, however, spoke to the different ways in which the partners had proved themselves.

In every case, the accountant “proved themselves” through completing a difficult piece of work that gained praise from the firm. This demonstrated that the accountant had ability and could be trusted by the organisation. This building of reputation brought the accountant into new networks in the firm where more opportunities arose. Proving oneself as being very good at a complex job is generally enough to get a promotion to director. Beyond that, wannabe partners need to demonstrate that they can move effortlessly with senior executives in client firms and that they can generate revenue. It’s a cliché, but cash is king. The Big Four are packed full of extremely competent technical specialists – what makes someone stand out is their ability to generate fee income. Entrepreneurialism is a prime quality.

The similarities between British and Canadian partners were striking regarding this topic, in fact the only compelling difference was that British partners went for football and rugby metaphors, while their Canadian counterparts used ice hockey and NFL.

We travelled to France to find out about the French experience. Our intuition was that the capacity to generate new business would be crucial there too but that leverages to increase turnover might be of a different nature. In particular we expected that belonging to a cultural or social elite would be essential for partners to bring in new business in France. The Big Four are similarly prominent in France, although there are different rules around audit rotation. What became immediately clear was the Big Four are structured differently in France.

First, it was incredibly important where an employee had studied. In France, there are a number of Grandes Ecoles that are, in effect, elite Business Schools. The Big Four strive to recruit a quota from each of these schools. Unlike in Britain, where the Big Four recruit from a wide range of universities and where partners are pretty diverse in terms of their educational backgrounds, in France attending one of these Grande Ecoles will vastly increase your chances of getting recruited in the first instance, and is even more important in rising to partner grade in the second instance. One of our French partners explained: “We are worried when we don’t have enough ‘parisiennes’ [graduates of top Grandes Ecoles]. I find that daft but in this firm we always have the illusion that if you haven’t been to a ‘parisienne’ then you can’t be a partner. That said, given that the clients of tomorrow will have studied at the same place, it is better to have them.”

The quote reveals a great deal about how educational background is a determinant of future success in the Big Four in France. Simply put, having graduated from a top school (a parisienne) marks out an employee as special and puts them onto a different career trajectory from those who had attended more routine universities. In France Big Four firms agree with each other on starting salary grids depending on the school category of their recruits. High expectations are placed very early on their recruits from Grandes Ecoles and this has a very basic economic rationale.

It is through the process of offering parisiennes more varied and exciting work – projects that add value and generally “pampering” them – that their “specialness” becomes a reality in the French Big Four. Contrary to what we expected, educational pedigree actually becomes more important at the partner level: it is easier for graduates of the Grandes Ecoles to interact with each other and so future sources of revenue will come through the conversion of their educational background into social skills and new business for the firm. It is a fascinating contrast to the British and Canadian experiences where the treatment of recruits is much more homogeneous. More broadly, the French experience is suggestive of the grip that Grandes Ecoles have on elite careers within the French corporate sector.

The Grandes Ecoles cast a long shadow over the Big Four in France; this raises questions as to whether a different set of qualities are required to become partner. A key insight from our research study is that the pressures that French partners and aspirant partners face are much the same as in Britain and Canada: clients need to be kept happy; new business needs to be generated and delivered; new service lines need to be developed; for personal career strategies, aspirant partners need to be seen as less technical and more strategic.

In short, the descriptions of the Big Four in France were remarkably similar to their counterparts in Britain and Canada. What was particularly striking was the creed of commercialism that underpins the Big Four across the three countries. One partner in France explained: “The first thing we look at is [the candidate’s] commercial skills. Dilution [of profit-per-partner] is a real concern for us. If partners don’t bring in revenue, the partners’ committee will lose money because there is less to share in the end. So the capacity to make business grow obviously matters a lot.”

This quote could have come from any of the firms in any of the three countries. The ability to generate business and ‘grow the cake’ is an absolutely central skill for someone who wants to make partner. The central difference between Britain, Canada and France is that in the French case the assumption is that being a graduate of a Grandes Ecoles will help generate new business. In Britain and Canada it is demonstrably not the case that an elite degree will lead to these outcomes. In France, attendance at one of these schools has a huge bearing on an alumnus’s future career in the Big Four.

Our research emphasises that people skills – the ability to get on with people and build durable networks – are crucial to success in a Big Four career. These skills need to be converted into revenues. To put this in some sort of context, the following revenues were quoted to us. In Canada, one interviewee suggested that a partner needed to generate around $3m (Canadian) per annum (£1.63m), in France this figure was estimated at €3m (£2.4m), whereas in Britain, a figure of £2m was frequently cited. Partners are clearly under pressure to generate vast sums of fee income for the Big Four; the prospect of being able to generate such fees is crucial to ascending to a partnership.

Continued in article

See more at: http://economia.icaew.com/finance/july-2014/essay-the-qualities-of-a-big-four-partner#sthash.BukvhkPO.dpuf


"Women's Career Choices Don't Explain the Gender Pay Gap," by Natalie Kitroeff and Jonathan Rodkin, Bloomberg Businessweek, November 14, 2014 ---
http://www.businessweek.com/articles/2014-11-14/women-make-less-than-men-even-when-they-are-equally-qualified-mbas 

High-achieving women are paid less than men even when they have similar levels of experience and are in the same fields, according to new Bloomberg Businessweek data. Women graduating business school this year reported an average of $14,548 less in expected annual pay than men, graduating MBAs said in a survey of 9,965 students at 112 schools, conducted as part of our recently published biennial ranking of MBA programs.

Part of the reason women overall earned less is that they were more likely to go into fields with below-average salaries, like consumer products and advertising. But even within the same fields, women were paid less than men. Indeed, 17 of 22 industries that hired MBAs last year offered women less money. Women entering finance earned, on average, close to $22,000 less than men, the largest pay differential among companies that drive MBA hiring. Women were offered $12,300 less by tech companies, and $11,500 less by consulting firms than their male peers.

The analysis continues a debate that pits those who cite discrimination as the reason American women earn 77 cents to a man’s dollar against others who argue women make less because they opt for lower-paying jobs than men, work fewer hours, and interrupt their careers to have children. When you account for those factors, they say, the pay gap all but disappears.

It may be true that over the course of their lives, women make choices that cost them at work. So it’s useful to analyze the pay difference at a career moment when they’re both highly qualified and available to work. Women graduating from top MBA programs are usually in their late twenties or early thirties and have just sunk over $100,000 into a degree, presumably to raise their value to employers—just like their male counterparts. We limited this analysis to people who had full-time jobs lined up; so there was no gender difference in their commitment to working a full day. Even with those things being equal, the pattern held.

Without looking at the individual circumstances of the women in the survey, it’s hard to know whether there’s something about them besides their gender that could knock their pay after graduation, like how many years of work experience they had before their MBA. One data point in our survey, however, helps get at the question of experience: whether they graduated into the same industry as the one they were in when they started their MBA.

Career-switchers should, in theory, be on a level playing field. A man entering a new industry straight out of an MBA program has the same amount of experience in that industry (none) and the same level of education as a woman in the same situation. Yet women who were switching into tech, finance, or consulting—the three industries that hire the most MBAs—made an average of $12,800 less than men who were also newbies. Men who were in one of these jobs before business school, and stayed the course after graduating, made $13,300 more than women on the same path.

The postgraduation gap also wasn’t explained by the fact that women, on average, were making less than the men to start with. When we controlled for people’s compensation before getting to campus, the gap narrowed, but didn’t disappear. Women made about $8,500 less than men upon graduating regardless of what they were pulling in beforehand.

Our data suggest that employers pay certain people less not because of their reproductive choices or penchant for low-paying gigs, but because they are women.

Continued in article

 

"Women with MBAs from Elite Schools Are More Likely to Drop Out of the Workforce," Harvard Business Review Blog, November 19, 2014

Married mothers who are graduates of elite business schools are 30 percentage points less likely to be employed full-time than mothers who are graduates of less-selective B-schools, according to a study by Joni Hersch of Vanderbilt Law School. The reasons are unclear, but women who hold MBAs from selective schools may have high family incomes, which allow them to take time off from work to raise children. Their lower levels of labor-market participation may have the effect of limiting the number of women reaching high-level corporate positions, because elite workplaces prefer to hire MBAs from elite schools, Hersch says.

SOURCE: Opting Out Among Women with Elite Education ---
http://links.mkt3142.com/ctt?kn=12&ms=OTk1NDAyMAS2&r=MTkyODM0MDg0MAS2&b=0&j=NDIxNTY1NzA4S0&mt=1&rt=0

The Third Wave of Feminism (Gender Studies)
http://www.trinity.edu/rjensen/HigherEdControversies2.htm#Feminism

Bob Jensen's threads on the history of professional women ---
http://www.trinity.edu/rjensen/bookbob2.htm#Women


How to Mislead With Statistics
"The 10 Best Jobs For 2015," by Jacquelyn Smith, Business Insider, November 20, 2014 ---
http://www.businessinsider.com/best-jobs-for-2015-2014-11?op=1

. . .

Marketing Executive

Software Developer, Applications

Registered Nurse

Industrial Engineer

Network and Computer System Administrator

Web Developer

Medical and Health Services Manager

Physical Therapist

Speech-Language Pathologist

Continued in article

Jensen Comment
The above article is terrible in many respects.

  1. The biggest failing is that it does not define "best jobs." There are many criteria for "best jobs." Best can be defined in terms of starting compensation packages, demand versus supply, mobility (e.g., are the jobs only available in larger urban centers or are they available in rural areas across the USA), amount of overnight travel required, promotion opportunities and career paths, nature of the compensation (fixed salary versus bonuses versus sales commissions) etc.
     
  2. The article does list "growth potential" as an annual percentage growth in compensation, but this is highly misleading. In some careers the inflation-adjusted compensation is asymptotic. The growth in compensation for a Registered Nurse or a Physical Therapist may be 5% per year for the first few years, but the after adjusting for inflation the growth potential is likely to be asymptotic as it approaches the high end in that career. A CPA or computer program may work for a firm for five years and then go to work for a client at double or triple compensation rates.
     
  3. The article mixes executive jobs like Marketing Executive, Network and Computer System Administrator, and Medical and Health Services Manager with non-executive jobs like Registered Nurse, Physical Therapist, and Speech-Language Pathologist. There are usually entry jobs available for Registered Nurse, Physical Therapist, and Speech-Language Pathologist, but nobody graduates after four years expecting to get job offers as a Marketing Executive or a "Manager" of anything.
     
  4. Some job categories are too vague in terms of a high degree of variance in opportunity and compensation. For example, Web Developers are a dime a dozen with extremely high variance in opportunity and compensation.
     
  5. In my opinion, the "best jobs" at the time of graduation are those with high demand, on-the-job-training, and client/customer exposures that will lead to huge opportunities down the road. The starting salary is very low in importance if a job offers tremendous opportunity for training and career advancement. For example, a new CPA in a large accounting firm usually receives very extensive training and exposure to clients that will offer tremendous job offers down the road. A Registered Nurse, Physical Therapist, and Speech-Language Pathologist may end up doing pretty much the same thing for 40+ years.
     
  6. For men or women with family responsibilities some jobs can be performed heavily without leaving the home or children. For example, many CPA firms now let workers work from home computers a very large share of the work week. This is usually not the case for a all of the above supposed "best jobs" other than possibly a "Web Developer."
     
  7. I'm confused why "Industrial Engineer" beats out other types of engineers in the above ranking. Most rankings that I have seen before list the Chemical Engineers and Electrical Engineers well above Industrial Engineers. Civil Engineers don't fare as well.
     

I could go on and on lambasting the above article. but perhaps you get the idea by now.


How to Mislead With Statistics:  Ignore the Variance and Ignore the Outliers (in this case graduates without law jobs)
"Why Huge Salaries Don't Necessarily Make Law Grads Rich," bv Akane Otani, Bloomberg Businessweek, October 22, 2014 ---
http://www.businessweek.com/articles/2014-10-22/law-school-grads-make-good-salaries-but-have-high-debt-and-few-jobs

Graduates of Harvard Law School, among all the graduate schools in the U.S., make the most money, earning a median salary of $201,000 once they are 10 years out of school, according to a new report. Law schools rank higher than other graduate programs when it comes to salaries, yet skyrocketing debt and a thinning job market for law graduates may dampen the appeal of a J.D.

Harvard Law School, Emory University School of Law, and Santa Clara University School of Law topped salary rankings for graduate and professional programs in a study released Wednesday by compensation-tracking company PayScale. Of the top 20 schools, 12 were law schools. The rest were business schools.

Despite a few law schools dominating the rankings, law school graduates did not hold claim to the most lucrative degree on the market. The median midcareer salary for a law school graduate was $139,300—a far smaller sum than the figures boasted by the schools that topped PayScale’s rankings. Considering that the median debt load for law school graduates rose to $140,616 in 2012, even a six-figure salary doesn’t sound as glamorous.

What’s more, Payscale’s data didn’t factor in law school grads who don’t have jobs—and jobs are scarcer for lawyers now than they have been in years. The employment rate for law school graduates has dropped six years in a row. “Since 1985, there have only been two classes with an overall employment rate below [84.5 percent], and both of those occurred in the aftermath of the 1990-91 recession,” the National Association for Law Placement said in a report this summer. Over the past decade, at least 12 firms, accounting for more than 1,000 lawyers, have shut their doors. Others are eyeing cuts among partners.

One reason why a J.D. isn’t a get-rich-quick guarantee is the wide range of salaries within the field of law. A new graduate working as a public interest lawyer or for local government will make an average of $60,000 or less a year, according to the NALP.

“If you want to be a public defender vs. a corporate attorney, there is going to be a big difference in terms of ability to pay off your loans,” says Lydia Frank, editorial and marketing director for PayScale. “Because there’s such a wide variety in earnings potential, you can’t assume that any job you’re going to pursue with a J.D. is going to be equal.”

While the salary rankings may provide a good benchmark for what’s possible with an elite law degree, great job connections, and a lucrative specialty, the average would-be lawyer should think carefully about the return on an investment in legal education.

“If you’re going to take out ‘X’ amount in student loans, you really want to have a good understanding of the likelihood of being able to repay that loan in a timely fashion,” Frank says. “I think it still behooves everybody to really examine things other than salary potential, such as employment potential for JDs.”

Jensen Comment
Traditionally, accounting graduates who go to work for large CPA firms get great training and great client exposure. The bad news is that probabilities of attaining partnerships after 6-10 years are very low. The good news is that prospects of going to work for clients are high, and new graduates never wanted the pressures, travel, and time commitments of partnerships in CPA firms in the first place.

Among the least-wanted pressures are the pressures to obtain new clients via lots of night and weekend community volunteer work, golf outings that aren't all that much fun, and selling the firms' services over and over and over year after year Some of the things that discourage faculty from striving to be college presidents also discourage staff accountants and lawyers from seeking partnerships.

My point is that winnings of the  highest salaries as partners in both law and accounting firms are not all they're cracked up to be in terms of job stress, long hours, frequent travel, glad-handing, broken marriages, neglected children, etc. Most of the very good lawyers and accountants want no part of this partnership lifestyle even at much higher compensation. Men and women partners who are also parents are advised to have spouses who will take on the chores of child rearing and keeping the home fires burning.

A bummer for finance and marketing graduates is performance-based compensation. For example, landing that job on Wall Street sounds great until you realize that your pay is really based upon sales commissions. It's not a great life unless you really like to spend your days wooing customers to buy what you're selling (like bonds and derivatives) year after year after year.


"Where the Jobs Are," Inside Higher Ed, April 23, 2014 ---
http://www.insidehighered.com/quicktakes/2014/04/23/where-jobs-are#sthash.NKe4NhNO.dpbs

A new analysis of available jobs finds that the highest demand (among openings for college graduates) is for white-collar professional occupations (33 percent) and science and technology occupations (28 percent). The analysis -- by the Georgetown University Center on Education and the Workforce -- is consistent with that center's past research, in finding many more opportunities for those with a bachelor's degree than for those without a college degree.

The new study is based on online job advertisements. The most in-demand professional jobs are accountants/auditors and medical/health service managers. In STEM, the most in-demand jobs are for applications software developers and computer systems analysts.

Jensen Comment
There's a bit of mixing of apples and oranges here. The study says it looks at bachelor's degrees. But in in order to take the CPA exam accountants and auditors mush have 150 credits which for most graduates translates to a masters degree. Also many medical/health service programs are graduates of masters of health care administration programs such as the graduate health care administration program at Trinity University.

In some cases like chemistry and biology the job prospects with a bachelor's degree are mostly lousy McJobs. But those majors have an edge for being admitted to graduate programs, especially medical schools, where opportunities abound upon graduation.

For those rejected for graduate schools or who cannot afford graduate schools, career opportunities are probably better in the skilled trades such as those $150,000 - $200,000 welding jobs.

Bob Jensen's career helpers ---
http://www.trinity.edu/rjensen/Bookbob1.htm#careers


America's Best Companies to Work For --- http://247wallst.com/special-report/2014/08/07/236519/12/

Jensen Comment
Among the largest CPA firms, only EY made this listing.

In general, a company on this list may have wide variation of "best" local offices. For example, among CPA and large consulting firms like Accenture, a firm not on the list may have a better local office than a firm on the list. Graduating students should tune in closely to alumni in local offices. Client exposure in a local office is exceedingly important for career opportunity, training, and satisfaction. Thus any two employees in a given local office may have vastly different evaluations of their jobs at a given time and over an extended period of time. Most of the companies in this listing have enormous local offices in major cities. Sometimes small is better.


"Welders Make $150,000? Bring Back Shop Class Taking pride in learning to make and build things can begin in high school. Plenty of jobs await," by John Mandel, The Wall Street Journal, April 21, 2014 ---
http://online.wsj.com/news/articles/SB10001424052702303663604579501801872226532?mod=djemMER_h&mg=reno64-wsj

In American high schools, it is becoming increasingly hard to defend the vanishing of shop class from the curriculum. The trend began in the 1970s, when it became conventional wisdom that a four-year college degree was essential. As Forbes magazine reported in 2012, 90% of shop classes have been eliminated for the Los Angeles unified school district's 660,000 students. Yet a 2012 Bureau of Labor Statistics study shows that 48% of all college graduates are working in jobs that don't require a four-year degree.

Too many young people have four-year liberal-arts degrees, are thousands of dollars in debt and find themselves serving coffee at Starbucks SBUX +1.10% or working part-time at the mall. Many of them would have been better off with a two-year skilled-trade or technical education that provides the skills to secure a well-paying job.

A good trade to consider: welding. I recently visited Pioneer Pipe in the Utica and Marcellus shale area of Ohio and learned that last year the company paid 60 of its welders more than $150,000 and two of its welders over $200,000. The owner, Dave Archer, said he has had to turn down orders because he can't find enough skilled welders.

According to the 2011 Skills Gap Survey by the Manufacturing Institute, about 600,000 manufacturing jobs are unfilled nationally because employers can't find qualified workers. To help produce a new generation of welders, pipe-fitters, electricians, carpenters, machinists and other skilled tradesmen, high schools should introduce students to the pleasure and pride they can take in making and building things in shop class.

American employers are so yearning to motivate young people to work in manufacturing and the skilled trades that many are willing to pay to train and recruit future laborers. CEO Karen Wright of Ariel Corp. in Mount Vernon, Ohio, recently announced that the manufacturer of gas compressors is donating $1 million to the Knox County Career Center to update the center's computer-integrated manufacturing equipment, so students can train on the same machines used in Ariel's operations.

In rural Minster, Ohio, near the Indiana border, electrician and entrepreneur Jack Buschur is creating the Auglaize & Mercer County Business Education Alliance, which will use private-sector dollars to fund a skilled-trade ambassador to walk the halls of local high schools with the mission of recruiting teenagers into these fields. This ambassador will also work to persuade school guidance counselors and administrators to change their tune that college is the only route to prosperity, and to encourage them to inform their students about the many opportunities in skilled trades.

At Humtown Products in Columbiana, Ohio, near the Pennsylvania border, CEO Mark Lamoncha is coordinating tours for local high-school guidance counselors to visit his company so that they can learn about job opportunities in advanced manufacturing and 3-D printing. Rather than having students seeing posters only for Ohio State, Pitt, Harvard and Yale in their high-school hallways, he wants to convince the schools' guidance counselors to also post signs for the Choffin Career & Technical Center in Youngstown and the New Castle School of Trades in Pulaski, Pa.

The Ohio School Board Association recently heard a similar message—from the actor John Ratzenberger, whom you might remember as Cliff Clavin, the mailman from the 1980s sitcom "Cheers." Mr. Ratzenberger these days is devoting considerable charitable time and dollars toward raising the profile of America's skilled laborers as role models for young people.

He began this effort in 2004 with a TV show called "Made in America," focusing attention on the rewarding labor of blue-collar workers making everything from Steinway pianos and Wonder Bread to Caterpillar CAT +1.37% equipment and Chris Craft yachts. Now he's crisscrossing the country urging schools to invest in vocational education. On "Cheers," Cliff Clavin never appeared to be overly industrious, but in promoting the restoration of shop class in U.S. high schools, Mr. Ratzenberger is working hard to put young Americans in good jobs. Educators could learn a thing or two from him.

Mr. Mandel is the treasurer of Ohio.


Most of the Fast Growing Jobs in this Decade Do Not Require a College Education
"I Looked Up The Fastest-Growing Jobs In America, And Boy Was It Depressing," by Rob Wile, Business Insider, April 7, 2014 ---
http://www.businessinsider.com/fastest-growing-jobs-2014-4 

Jensen Comment
This study is based upon changes in numbers of employees in each occupation. Opportunities are much better in some careers having emerging skills and jobs having high barriers to entry. Opportunities will abound for psychiatrists who will get soaring increases in compensation due to continued shortages under the ACA act. The big barrier to psychiatry is the talent and years of medical school required combined with a reluctance of many medical school graduates to take on some of the dangers of being a psychiatrist treating some unstable and threatening patients.

The study also seems to leave out the shortages of  high tech specialists such as cybersecurity experts, big data analytics, and FBI computer and white-collar crime experts.

My point is that the rate of growth barrier in many instances is on the supply side rather than the demand side such that those who become educated and trained for these unfilled demand jobs (such as shortages of cybersecurity experts and high-tech weapons development experts) have great career opportunities. Already many many such experts are being admitted to the USA on green cards because the numbers of such experts in the USA are so small relative to demand.

From the CFO Journal's Morning Ledger on April 8, 2014

Corporation cash finds its way into university curricula
State universities seeking new revenue are partnering with companies that are trying to close a yawning skills gap in fast-changing industries, the
WSJ reports. Students at the University of Maryland, for instance, are enrolling in a cybersecurity concentration funded in part by Northrop Grumman Corp., and the company is helping to design the curriculum and pay for part of a new dormitory. IBM last year deepened a partnership with Ohio State University to train students in big-data analytics.

Jensen Comment
Prospects for auditing, systems, and tax accounting graduates are expected to remain high. However, in most instances graduates must have five years of full-time specialty study in college. It's much more difficult and costly to become a CPA than to become an insulation worker or health care aid. It's also much more costly and difficult to become a psychiatrist than a CPA.

"American Bar Association Releases 'Bleak' Jobs Data for 2013 Law School Grads," by Paul Caron, TaxProf Blog, April 10, 2014 ---
http://taxprof.typepad.com/taxprof_blog/2014/04/aba-releases-.html


A Whitehouse Website That Does Work (almost entirely)
College Scorecard --- http://www.whitehouse.gov/issues/education/higher-education/college-score-card

College Scorecards in the U.S. Department of Education’s College Affordability and Transparency Center make it easier for you to search for a college that is a good fit for you. You can use the College Scorecard to find out more about a college’s affordability and value so you can make more informed decisions about which college to attend.
 
To start, enter the name of a college of interest to you or select factors that are important in your college search. You can find scorecards for colleges based on factors such as programs or majors offered, location, and enrollment size

Jensen Comment
Note that at the above site you can also search for a college by name. Some data like average earnings of graduates is still being compiled by the Department of Education. Average earnings of graduates will probably be a misleading number. Firstly, the most successful graduates might track into other colleges to complete their undergraduate and/or graduate degrees. Hence feeder colleges may be given too much or too little credit in terms of earnings success.

Secondly, I think earnings "averages" are misleading statistics unless they are accompanied by analysis of standard deviations and kurtosis.

Thirdly, high earnings averages cannot all be attributed to where a degree is earned. For example, students with stellar SAT scores on average are more likely to have higher earnings no matter where they got their undergraduate engineering, science, business or whatever baccalaureate degrees. Students with low SAT scores may be likely to earn less in lower paying jobs like elementary school teaching because of lower academic abilities as opposed to their particular alma maters. And yes I know that some high SAT graduates who might have made it to medical school teach first graders because they are dedicated to teaching and/or want summers free to raise their own children.

Fourthly, a high percentage of college graduates become parents and full-time homemakers. This might distort earnings statistics unless somehow factored out of the calculation of averages. However, it's difficult to factor out in many instances. For example, CPA firms now hire more female than male graduates from accounting masters degree programs (undergraduates are not allowed to take the CPA examination). This will raise a college's average earnings for graduates before a significant number of those women drop out of the workforce --- often for only a decade or two before somehow returning to their accounting careers. In other instances the male spouses they married in college drop out of their jobs to be homemakers so their traveling wives can carry on as auditors and tax accountants and accounting information systems experts. My point is that those starting salaries are not necessarily for lifelong continuous careers for many mothers or sometimes fathers.

And there's the problem of debt burdens. Last night our furnace quit when the temperature was headed toward an 10 degree night. We recently changed plumbing companies, and a very nice and very skilled young man arrived on a Sunday night (right after the Patriots clobbered the Steelers) to instantly identify the part (the controller) that failed on our furnace. He had a replacement part in his truck.

In the meantime our conversation drifted to the topic of student loans. We mentioned how our son and his wife both amassed over $60,000 in debt and had to remain at their old jobs after graduating from college --- meaning their college degrees burdened with debt did not help them in the least to find better jobs.

Our new plumber then explained how his wife amassed a student debt of $88,000 which he's now paying off. She has two masters degrees and cannot find a job. One of these degrees is in political science and the other is in international relations. If she moved to Boston she could possibly find work, but the last thing either of them want is to leave the White Mountains to live in Boston or any other mega city.

I think what he was saying is that before taking on such heavy student debt she should perhaps have done better planning about where she wanted to live --- or more importantly where she did not want to live.

"Prospective Adult Students Miss Key Data on College Options, Report Says," by Katherine Mangan, Chronicle of Higher Education, November 4, 2013 ---
http://chronicle.com/article/Prospective-Adult-Students/142815/?cid=at&utm_source=at&utm_medium=en

Most adults who are considering college—either completing a degree or starting one for the first time—aren't tapping into the wealth of information about costs, graduation rates, and job prospects, and as a result they aren't finding the right fit, according to a report released on Monday by Public Agenda, a nonprofit research group.

The report, "Is College Worth It for Me? How Adults Without Degrees Think About Going (Back) to School," says that most prospective adult students worry about the cost of college and how to balance studies with families and careers. They're looking for colleges with practical programs that will help them land jobs, as well as personalized support from caring faculty members and advisers.

The report, which was financially supported by the Kresge Foundation, was based on a survey this past spring of 803 adults, ages 18 to 55, who lack college degrees but expect to start earning a certificate or degree in the next two years. The group, which excludes students coming straight from high school, accounts for about a third of first-time college students in the United States, according to the report.

The survey found that adults ages 25 to 55 have more doubts about going to college and are less likely to have concrete plans. Those under 25 worry more about whether they can succeed at college and land a job afterward.

Continued in article

Bob Jensen's career helpers (and yes I know education is important for reasons other than a career) ---
http://www.trinity.edu/rjensen/Bookbob1.htm#careers


This is worthwhile advice to graduating students in accounting and finance and probably in some other disciplines.
I do suggest that men wear dark suits to an interview with business recruiters --- and long dark socks, shined shoes, and white shirts.
Dress like you already have the job and are going to be meeting with a client!
I don't have anything against a black suit, but my male and female students generally preferred dark blue suits.
Their bosses generally prefer pin stripes and are most often seen in vests rather than suit coats.

"To My Fellow Job-Hunting College Seniors Never wear a black suit to an interview. Get a Gmail address. LinkedIn? Yes. And write thank-you notes," by David Pierce, The Wall Street Journal, March 17, 2014 ---
http://online.wsj.com/news/articles/SB10001424052702303730804579435040049720068?mod=djemBestOfTheWeb_h&mg=reno64-wsj

"I have no idea what I'm doing." This is the thought that runs through the minds of college students most of the time. As we begin to look for jobs during our senior year, between bouts of temporary alcohol-induced amnesia, we start to suspect that our cluelessness is a real problem. When we find out that the guy who has worn the same Greek function T-shirt and sunglasses backward around his neck for four years has accepted a job offer, panic sets in.

At the University of Arkansas' Walton College of Business, I have diligently learned the CAPM model and inner workings of financial statements. I can DCF all D-A-Y. But when it came to my job search I discovered a disconnect between my education and the real world.

So to my fellow generation of entitled adult-adolescents who expect a $75,000 salary if they're going to get up before 10 a.m., here's my advice from the other side of the job search. You won't hear any of this from your college career center.

• Never wear a black suit to an interview. Black suits are for weddings and funerals. Go to a classy men's boutique and have them fix you up with a nice $500 suit, gray or navy blue. It'll last you five years. The key is to make sure it fits so you'll feel snappy in the job interview despite your stutters and flop sweat. If you can swing it, buy the gray and the blue suit. Wear the blue for the first-round interview, and the gray to the more formal second- or third-round interviews. (Women: Sorry, I'm not qualified to advise on pencil-skirts and heels.)

• If you get nervous in social situations, make an effort to go out to a bar—not with your buddies—a few months before interview season, have a couple of drinks, and strike up a conversation with an unfamiliar girl (or guy). Bars are low-pressure, and even if you do get shut down, you'll realize that the rejection isn't that bad. More important, you'll gain new confidence that will help in higher-pressure environments such as interviews and networking sessions.

• In networking sessions, don't talk about the fascinating people you've met or the exotic places you've been if that information hasn't been strongly solicited by the other person. Better to talk about your friend who deep-fried an entire bag of Doritos than the semester you spent at Oxford. You'll get laughs and seem down-to-earth.

• Don't use your university email on your resume. Schools often discontinue email addresses, and if an employer wants to get in touch after graduation you'll be out of luck. Get a Gmail account with some easy-to-understand form of your name. Note: It's safe to assume that job interviewers think people with Yahoo YHOO -0.03% or AOL email accounts are suspect.

• When you get a business card, write on the back where and when you met the person and any useful notes about him or her. Keep track of these cards. Personally, I use a spreadsheet for all the info. Email your contacts—even a few lines—every three or four months and make sure you have something to say.

• Trying to network with someone in a company but don't know their email? If you have someone else's email from the company, follow the format. If an analyst's email is John.Doe@bank.com, and you want to get in touch with Jane Smith, send the email to Jane.Smith@bank.com. I have used this trick a few times and it works.

• LinkedIn. Get one.

• Social Media. As you've noticed, parents now use Facebook FB -0.03% more than we do, and the people who are thinking about hiring you will probably be parents. Before you start your job or internship search, reset your privacy settings so that strangers can see only your profile picture. Choose a presentable photo—no random arm around you or red Solo cups. Make your Twitter TWTR +0.25% and Instagram private. Oh, and delete your Myspace if it still exists. Any potential employer will Google GOOG +1.65% you, so if there's anything floating around on the Web that you don't want them to see, take it down.

• Set up your voice mail like someone who has a real job or deserves one. Don't make people sit through even five seconds of your favorite song or your jokey explanation of why they need to leave a message. If they're calling to set up a job interview, they just want to be sure it's you.

• Write thank-you notes for job interviews. Emails don't cut it, so play it safe and do both. Write and mail the note the minute you get home.

• Once you accept a job offer, don't talk about your salary—you'll either sound like you're bragging or you'll discover that you should have held out for more. An exception: Friends may ask in earnest, especially juniors, so they can better grasp the job market. But tell them at your own risk.

• If you've accepted an offer, do everything in your power to help classmates find a job. Getting an offer means you're doing something right and probably have at least one valuable piece of advice to pass along. Share if others ask. You would want someone to do the same for you.

Don't worry, if you get one or more of these things wrong, it isn't going to totally kill your chances of landing an internship or job. And it was probably time to clean up your Facebook anyway.

Mr. Pierce is a senior finance student at the University of Arkansas' Sam M. Walton College of Business. After graduation, he'll be working as an investment-banking analyst.

Jensen Comment
Recruiters are hard to predict for interviews, because they often pride themselves in not being conventional. Most importantly be yourself and be totally honest especially if questions border on the fringes of politics. But also be prepared for trick questions. Often it's not the answers that are important. It's the way you handle yourself when you don't know the answers. This is a job interview, not a Ph.D. oral examination or an interview for a faculty job.

I suggest that men and women be prepared to make conversation. In the interviews keep your questions focused on career opportunities like training and clients you might be serving. My favorite male and female employees can also informally talk sports statistics with Nate Silver. It's not like you will be asked sports questions in a formal interview. But interviewers have been known to take recruits to lunch.

Like it or not, business firms are usually looking for team players even when trying to hire geeks. They are almost always looking for recruits who can make conversations. Learn how to keep conversations going by asking questions in various settings from cocktail parties to business luncheons. Sometimes learn from watching others who are really good at starting conversations and keeping them going. Avoid personal questions that might embarrass a recruiter who really does not want to admit that he or she has five kids by three former marriages and an extramarital affair.

Be prepared for a  recruiter that prefers stress testing. Hold your temper, be calm, and don't show the cracks in your confidence. Always remain polite and as self-assured as possible. This is not a cop giving you a traffic ticket. You don't have to keep your mouth shut or be timid. Timid people often have to look for another job.

If you don't feel like it do not be embarrassed by turning down alcohol when others around you are drinking the hard stuff.  If if you do imbibe always stay sober enough to drive safely home even if you are not the designated driver. Always know how your body handles alcohol. Whereas I get happy and talkative after two martinis, I know some folks who turn surly on booze. That's not good!

And lastly, never post anything in a social media site that you might be embarrassed to discuss in a job interview. The interviewer may see this site before or after the interview or hear about it from somebody you know. Taking political sides should not hurt you when seeking a business job --- unless you are applying for a faculty position in a college where conservative leanings can kill your chances until you're granted tenure.

Bob Jensen's threads on careers ---
http://www.trinity.edu/rjensen/Bookbob1.htm#careers


"Accounting Doctoral Programs:  A Multidimensional Description," by Amelia A. Baldwin, Carol E. Brown and BradS. Trinkle.
http://www.academia.edu/532495/Accounting_Doctoral_Programs_A_Multidimensional_Description
Advances in Accounting Education: Teaching and Curriculum Innovations, Volume 11, 101–128Copyright r 2010 by Emerald Group Publishing Limited
ISSN: 1085-4622/doi:10.1108/S1085-4622(2010)000001100

Accounting doctoral programs have been ranked in the past based on publishing productivity and graduate placement. This chapter provides descriptions of accounting doctoral programs on a wider range of characteristics. These results may be particularly useful to doctoral applicants as well as to doctoral program directors, accreditation bodies, and search committees looking to differentiate or benchmark programs. They also provide insight into the current shortage of accounting doctoral graduates and future areas of research. Doctoral programs can be differentiated on more variables than just research productivity and initial placement. Doctoral programs vary widely with respect to the following characteristics: the rate at which doctorate sare conferred on women and minorities, the placement of graduates according to Carnegie classification, AACSB accreditation, the highest degree awarded by employing institution (bachelors, masters, doctorate),

Continued in article

 

Table 1. Accounting Doctoral Graduates by Program, 1987–2006(Size; 3,213 Graduates).
http://www.academia.edu/532495/Accounting_Doctoral_Programs_A_Multidimensional_Description
Note that I corrected the ranking for North Texas State from the original table
The average of 161 per year has been declining. In 2013 there were only 136 new accounting doctorates in the USA.
Rank Program    # Rank Program    # Rank Program     # Rank  Program     #
01 Texas A&M 87 25 Arkansas 46 49 Columbia 31 73 MASS 17
02 Texas 78 26 Florida State 45 50 Drexel 31 74 Syracuse 16
03 Illinois 72 27 Indiana 45 51 Northwester 31 74 Wash St. Louis 15
04 Mississippi 70 28 Tennessee 44 52 Cornell 30 75 Central Florida 14
05 Va. Tech 70 29 Texas Tech 44 53 Purdue 29 76 Cincinnati 14
06 Kentucky 69 30 Georgia St. 43 54 Minnesota 28 77 Cleveland St 14
07 Wisconsin 69 31 Colorado 42 55 Oklahoma 28 78 MIT 13
08 North Texas 65 32 NYU 42 56 Penn 28 79 Fla Atlantic 12
09 Arizona 64 33 Oklahoma St 42 57 Rochester 28 80 UCLA 12
10 Georgia 64 34 Rutgers 42 58 So. Illinois 28 81 Union NY 10
11 Penn State 63 35 Alabama 41 59 Oregon 27 82 Texas Dallas 09
12 Nebraska 61 36 Va. Common 40 60 Texas Arling. 27 83 Tulane 08
13 Arizona St. 60 37 Memphis 38 61 Utah 27 84 Duke 6
14 Houston 60 38 Stanford 37 62 Baruch 25 85 Jackson St. 6
15 Michigan St. 60 39 Chicago 36 63 Connecticut 24 86 Fla. Internat. 4
16 Washington U 55 40 Missouri 36 64 Carnegie M. 23 87 SUNY Bing. 4
17 So. Carolina 54 41 No. Carolina 36 65 Geo. Wash 23 88 Yale 4
18 Michigan 52 42 So. Calif. 36 66 Wash. State 23 89 Ga. Tech 3
19 La. Tech 51 43 UC Berkeley 35 67 Kansas 22 90 Rice 3
20 Ohio State U 50 44 Boston Univ 35 68 SUNY Buffalo 21 91 Tx. San Anton. 3
21 Kent State 49 45 Maryland 35 69 St. Louis 21 93 Miami 2
22 LSU 49 46 Pittsburg 35 70 CWRU 19 94 Cal. Irvine 1
23 Florida 47 47 Iowa 34 71 Harvard 19 95 Hawaii 1
24 Mississippi St 47 48 Temple 34 72 South Fla. 19 96 Vanderbilt 1

Jensen
For years prior to 1987 and years subsequent to 2006 you can see the data by years in a sequence of the Accounting Faculty Directories by James Hasselback. For example, for years 1995-current go to
http://www.jrhasselback.com/AtgDoct/XDocChrt.pdf
For years prior to 1995 you have to go to earlier editions of Jim's directories.

There are some minor discrepancies. For example, the above table shows 3 graduates for Rice after 1987 whereas Jim Hasselback shows no graduates at Rice after 1995. I did not check for all the discrepancies between the two data sources. Rice no longer has a doctoral program in accountancy. There are several newer (small) programs such as the one at the University of Texas at San Antonio.

The Baldwin, Brown, and Trinkle paper goes on to discuss trends over time in the leading programs and much much more. I did not quote data from their paper that was not previously provided by Jim Hasselback at
http://www.jrhasselback.com/AtgDoct/XDocChrt.pdf

A few of the many important revelations in the BBT study that might be noted for 1987-2006:

There is much more detailed information available in this study at
http://www.academia.edu/532495/Accounting_Doctoral_Programs_A_Multidimensional_Description

Bob Jensen's threads on careers are at
http://www.trinity.edu/rjensen/Bookbob1.htm#careers


"Gender Ratios at Top PhD Programs in Economics," by Galina Hale and Tali Regev, April 8, 2013 ---
http://econ.tau.ac.il/papers/foerder/2013-10.pdf

The growing concern for the under-representation of women in science and engineering has prompted an interest in the mechanisms driving the share of women in these fields, and in the effect that the gender diversity of the faculty has on the share of female students. Interestingly, some universities are more successful than others in recruiting and retaining women, and in particular female graduate students. Why is this the case? This paper explores the uneven distribution of female faculty and graduate students across ten of the top U.S. PhD programs in economics. We find that the share of female faculty is correlated with the share of female graduate students and show that this correlation is causal. We instrument for the share of female faculty by using the number of male faculty leaving the department as well as the simulated number of leavings. We find that a higher share of female faculty has a positive effect on the share of female graduate students graduating 6 years later.

Women are under represented in science and engineering. In 2010, Men outnumbered women in nearly every science and engineering field in college, and in some fields, women earned only 20 percent of bachelor’s degrees, with representation declining further at the graduate level (Hill et al., 2010). In economics, women constituted 33 percent of the graduating PhD students, and only 20 percent of faculty at PhD granting institutions (Fraumeni, 2011). Women in economics have been shown to have different career paths than men and to be promoted less (Kahn, 1993; Dynan and Rouse, 1997; McDowell et al., 1999; Ginther and Kahn, 2004). Focusing on the progression of women through the academic ladder, most research has failed to fully account for the effect that successful women in the field have had on the entrance and success of other women. More specifically, the gross effect that women faculty have on the share of female students have not been fully explored. In this study we address this gap in the literature and focus on the causal relationship between the share of female faculty in top economics departments and the share of graduating female PhD students.

Continued in article

Jensen Comment
Women seem to be making greater strides in Ph.D. achievements in economics that in many other science fields. It would seem that they could make greater strides in fields like computer science where males dominate to a much higher degree.

In economics at the undergraduate and masters levels in North America there are significantly more male graduates than female graduates. Having more female teachers tends to increase the number of undergraduate majors according to the above study.

In accounting at the undergraduate and masters levels in North America there are significantly more women graduates than men, and the large CPA firms hire more women than men. There is a possible glass ceiling, however, in terms of newly-hired CPA-firm women who eventually become partners. That is a very complicated story for another time other than to note that the overwhelming majority of newly-hired males and females in large CPA firms willingly leave those firms after gaining experience and very extensive training.

Many of those departures go to clients of CPA firms where the work ten