Bob Jensen's Accounting Educator Helpers

Accounting Educator Helpers

Bob Jensen is in the Department of Business Administration at TrinityUniversity.
Email: rjensen@trinity.edu

Click here to search Bob Jensen's web site if you have key words to enter --- Search Box in Upper Right Corner.
For example if you want to know what Jensen documents have the term "Enron" enter the phrase Jensen AND Enron. Another search engine that covers Trinity and other universities is at http://www.searchedu.com/

Acceptance Speech for the August 15, 2002 American Accounting Association's Outstanding Educator Award --- http://www.trinity.edu/rjensen/000aaa/AAAaward_files/AAAaward02.htm

Some Accounting News Sites and Related Links
Bob Jensen at Trinity University

Accounting and Taxation News Sites --- http://www.trinity.edu/rjensen/AccountingNews.htm

Accounting program news items for colleges are posted at http://www.accountingweb.com/news/college_news.html
Sometimes the news items provide links to teaching resources for accounting educators.
Any college may post a news item.

Also note the Student Zone
AccountingWeb Student Zone --- http://www.accountingweb.com/news/student_zone.html

Fraud News --- http://www.trinity.edu/rjensen/AccountingNews.htm

XBRL News --- http://www.trinity.edu/rjensen/AccountingNews.htm

Selected Accounting History Sites --- http://www.trinity.edu/rjensen/AccountingNews.htm

Hasselback's Accounting Faculty Directory (Online and Hardcopy) --- http://www.trinity.edu/rjensen/AccountingNews.htm

Some of Bob Jensen's Pictures and Stories --- http://www.trinity.edu/rjensen/AccountingNews.htm

Free Tutorials, Videos, and Other Helpers --- http://www.trinity.edu/rjensen/AccountingNews.htm

Bob Jensen's gateway to millions of other blogs and social/professional networks ---
http://www.trinity.edu/rjensen/ListservRoles.htm

Bob Jensen's Threads --- http://www.trinity.edu/rjensen/threads.htm
Bob Jensen's Blogs --- http://www.trinity.edu/rjensen/JensenBlogs.htm
Current and past editions of my newsletter called New Bookmarks --- http://www.trinity.edu/rjensen/bookurl.htm
Current and past editions of my newsletter called Tidbits --- http://www.trinity.edu/rjensen/TidbitsDirectory.htm
Current and past editions of my newsletter called Fraud Updates --- http://www.trinity.edu/rjensen/FraudUpdates.htm
Bob Jensen's past presentations and lectures --- http://www.trinity.edu/rjensen/resume.htm#Presentations
Free Online Textbooks, Videos, and Tutorials --- http://www.trinity.edu/rjensen/ElectronicLiterature.htm#Textbooks
Free Tutorials in Various Disciplines --- http://www.trinity.edu/rjensen/Bookbob2.htm#Tutorials
Edutainment and Learning Games --- http://www.trinity.edu/rjensen/000aaa/thetools.htm#Edutainment
Open Sharing Courses --- http://www.trinity.edu/rjensen/000aaa/updateee.htm#OKI

Peter, Paul, and Barney: An Essay on 2008 U.S. Government Bailouts of Private Companies ---
http://www.trinity.edu/rjensen/2008Bailout.htm

Health Care News --- http://www.trinity.edu/rjensen/Health.htm

Bob Jensen's Resume --- http://www.trinity.edu/rjensen/Resume.htm

Concerns That Academic Accounting Research is Out of Touch With Realit

I think leading academic researchers avoid applied research for the profession because making seminal and creative discoveries that practitioners have not already discovered is enormously difficult. Accounting academe is threatened by the twin dangers of fossilization and scholasticism (of three types: tedium, high tech, and radical chic)
From http://www.trinity.edu/rjensen/395wpTAR/Web/TAR395wp.htm

“Knowledge and competence increasingly developed out of the internal dynamics of esoteric disciplines rather than within the context of shared perceptions of public needs,” writes Bender. “This is not to say that professionalized disciplines or the modern service professions that imitated them became socially irresponsible. But their contributions to society began to flow from their own self-definitions rather than from a reciprocal engagement with general public discourse.”

Now, there is a definite note of sadness in Bender’s narrative – as there always tends to be in accounts of the shift from Gemeinschaft to Gesellschaft. Yet it is also clear that the transformation from civic to disciplinary professionalism was necessary.

“The new disciplines offered relatively precise subject matter and procedures,” Bender concedes, “at a time when both were greatly confused. The new professionalism also promised guarantees of competence — certification — in an era when criteria of intellectual authority were vague and professional performance was unreliable.”

But in the epilogue to Intellect and Public Life, Bender suggests that the process eventually went too far. “The risk now is precisely the opposite,” he writes. “Academe is threatened by the twin dangers of fossilization and scholasticism (of three types: tedium, high tech, and radical chic). The agenda for the next decade, at least as I see it, ought to be the opening up of the disciplines, the ventilating of professional communities that have come to share too much and that have become too self-referential.”

What went wrong in accounting/accountics research?
How did academic accounting research become a pseudo science?
http://www.trinity.edu/rjensen/theory01.htm#WhatWentWrong

Avoiding applied research for practitioners and failure to attract practitioner interest in academic research journals ---
"Why business ignores the business schools," by Michael Skapinker
Some ideas for applied research ---
http://www.trinity.edu/rjensen/theory01.htm#AcademicsVersusProfession

Clinging to Myths in Academe and Failure to Replicate and Authenticate Research Findings
http://www.trinity.edu/rjensen/theory01.htm#Myths

Poorly designed and executed experiments that are rarely, I mean very, very rarely, authenticated
http://www.trinity.edu/rjensen/theory01.htm#PoorDesigns

Discouragement of case method research by leading journals (TAR, JAR, JAE, etc.) by turning back most submitted cases --- http://www.trinity.edu/rjensen/000aaa/thetools.htm#Cases

Economic Theory Errors
Where analytical mathematics in accountics research made a huge mistake relying on flawed economic theory and interval/ratio scaling
http://www.trinity.edu/rjensen/theory01.htm#EconomicTheoryErrors

Accentuate the Obvious and Avoid the Tough Problems (like fraud) for Which Data and Models are Lacking
http://www.trinity.edu/rjensen/theory01.htm#AccentuateTheObvious

Financial Theory Errors
Where capital market research in accounting made a huge mistake by relying on CAPM
http://www.trinity.edu/rjensen/theory01.htm#AccentuateTheObvious

Philosophy of Science is a Dying Discipline
Most scientific papers are probably wrong
http://www.trinity.edu/rjensen/theory01.htm#PhilosophyScienceDying

A Special Tribute to My Open Sharing Friend Will Yancey ---
http://www.trinity.edu/rjensen/Yancey.htm

Giving Stuff Away Free on the Internet ---
http://www.trinity.edu/rjensen/ListservRoles.htm#Free
Bob Jensen's Blogs --- http://www.trinity.edu/rjensen/JensenBlogs.htm
Current and past editions of my newsletter called New Bookmarks --- http://www.trinity.edu/rjensen/bookurl.htm
Current and past editions of my newsletter called Tidbits --- http://www.trinity.edu/rjensen/TidbitsDirectory.htm
Current and past editions of my newsletter called Fraud Updates --- http://www.trinity.edu/rjensen/FraudUpdates.htm
Bob Jensen's past presentations and lectures --- http://www.trinity.edu/rjensen/resume.htm#Presentations
Bob Jensen's Threads --- http://www.trinity.edu/rjensen/threads.htm

Bob Jensen's Summary of Accounting History and Accounting Theory --- http://www.trinity.edu/rjensen/theory01.htm

Creative Earnings Management, Agency Theory, and Accounting Manipulations to Cook the Books ---
http://www.trinity.edu/rjensen/theory01.htm#Manipulation

Free Online Textbooks, Videos, and Tutorials --- http://www.trinity.edu/rjensen/ElectronicLiterature.htm#Textbooks
Free Tutorials in Various Disciplines --- http://www.trinity.edu/rjensen/Bookbob2.htm#Tutorials
Edutainment and Learning Games --- http://www.trinity.edu/rjensen/000aaa/thetools.htm#Edutainment
Open Sharing Courses --- http://www.trinity.edu/rjensen/000aaa/updateee.htm#OKI

Popular IFRS Learning Resources:
Check out the popular IFRS learning Deloitte link is http://www.deloitteifrslearning.com/
Also see the free IFRS course (with great cases) --- Click Here
Also see the Virginia Tech IFRS Course --- Send a request to John Brozovsky [jbrozovs@VT.EDU]
Others --- http://www.trinity.edu/rjensen/theory01.htm#MethodsForSetting

CPA Exam to Undergo Transformation --- http://www.journalofaccountancy.com/Web/20092194.htm

I found from the UK that might be helpful for IFRS learning resources --- Click Here
http://www.icaew.com/index.cfm/route/150551/icaew_ga/en/Library/Links/Accounting_standards/IAS_IFRS/Sources_for_International_Financial_Reporting_Standards_IFRS_and_International_Accounting_Standards_IAS

FREE access to ANNUAL REPORTS in XBRL --- http://www.trinity.edu/rjensen/XBRLandOLAP.htm#TimelineXBRL
From EDGAR Online --- http://www.tryxbrl.org/

History of XBRL --- http://www.trinity.edu/rjensen/XBRLandOLAP.htm

XBRL News --- http://www.trinity.edu/rjensen/XBRLandOLAP.htm#TimelineXBRL

"TryXBRL.org Launched," SmartPros, March 28, 2008 --- http://accounting.smartpros.com/x61325.xml

The new system is called IDEA, short for Interactive Data Electronic Applications. Based on a completely new architecture being built from the ground up, it will at first supplement and then eventually replace the EDGAR system. The decision to replace EDGAR marks the SEC’s transition from collecting forms and documents to making the information itself freely available to investors to give them better and more up-to-date financial disclosure in a form they can readily use.
SEC Announces Successor to EDGAR Database, 2008-179 --- http://www.sec.gov/news/press/2008/2008-179.htm

From EDGAR Online
FREE access to the latest ANNUAL REPORTS and PROSPECTUSES from hundreds of publicly traded companies and funds.

The Bea Sanders/AICPA Innovation in Teaching Award --- Click Here http://ceae.aicpa.org/Resources/Scholarships+and+Awards/The+Bea+Sanders+AICPA+Innovation+in+Teaching+Award.htm

American Accounting Association Awards --- http://aaahq.org/awards/InventoryofAwards08.pdf

Introducing the New journalofaccountancy.com (free) --- http://www.journalofaccountancy.com/Issues/2008/Nov/NovSmartStops.htm

Peter, Paul, and Barney: An Essay on 2008 U.S. Government Bailouts of Private Companies ---
http://www.trinity.edu/rjensen/2008Bailout.htm

Finance Test Questions --- http://financetestquestions.wikispaces.com/

The Master List of Free Online College Courses --- http://universitiesandcolleges.org/

Free Online Textbooks, Videos, and Tutorials --- http://www.trinity.edu/rjensen/ElectronicLiterature.htm#Textbooks
Free Tutorials in Various Disciplines --- http://www.trinity.edu/rjensen/Bookbob2.htm#Tutorials
Edutainment and Learning Games --- http://www.trinity.edu/rjensen/000aaa/thetools.htm#Edutainment
Open Sharing Courses --- http://www.trinity.edu/rjensen/000aaa/updateee.htm#OKI
The Master List of Free Online College Courses --- http://universitiesandcolleges.org/

Bob Jensen's threads for online worldwide education and training alternatives ---
http://www.trinity.edu/rjensen/Crossborder.htm

"U. of Manitoba Researchers Publish Open-Source Handbook on Educational Technology," by Steve Kolowich, Chronicle of Higher Education, March 19, 2009 --- http://chronicle.com/wiredcampus/index.php?id=3671&utm_source=wc&utm_medium=en

Social Networking for Education: The Beautiful and the Ugly
(including Google's Wave and Orcut for Social Networking and some education uses of Twitter)
Updates will be at http://www.trinity.edu/rjensen/ListservRoles.htm

Bob Jensen's threads on Education/Learning Applications of ListServs, Blogs, Wikis, Social Networking, and Twitter in education are at
http://www.trinity.edu/rjensen/ListservRoles.htm

Bob Jensen's essay on the bailout's aftermath and an alphabet soup of appendices can be found at http://www.trinity.edu/rjensen/2008Bailout.htm

Hi Linda,

The National Library of the Accounting Profession at Ole Miss has a home page at http://www.olemiss.edu/depts/accountancy/libraries.html

This includes a link to the Digital Collection in this library.
My reason for mentioning this is explained below.

In 1986 when Steve Zeff was President of the AAA, I was his Program Director for the annual meetings in the heart of Times Square (Marriott Marquis). Although NYC is always a relatively high priced hotel city and a rather poor choice for accompanying families with small children, NYC did have some huge advantages for me as program director and for registrants who attended some unique sessions in NYC.

The biggest advantage (aside from the private showing of CATS that I've already mentioned) was that we could get some top investment bankers from Wall Street to appear on the program. Those particular sessions were so well attended that people were packed into the meeting rooms like sardines. Those speakers would've never taken the time to take a day off to fly to be in a concurrent session of the AAA annual meetings. But they agreed to take the time off to take a cab to Times Square to be on our program.

I suspect that there will be similar advantages for the 2009 meetings in NYC if the AAA can arrange for parole of some of the top Wall Street speakers. It would really be nice to compare how the messages changed between 1986 and 2009.

I've already mentioned that, before I retired in 2006, I captured nearly two decades of video of sessions at accounting educator meetings, especially the American Accounting Association annual meetings. I suspect that some of those 1986 NYC sessions are among the 200+ videotapes that I donated to the National Library of the Accounting Profession at the University of Mississippi.

It may be necessary to travel to the University of Mississippi to view these tapes, but Dale Flesher can probably arrange it so researchers can view these and other archived presentations on my tapes. Dale has my only copies.

The National Library of the Accounting Profession at Ole Miss has a home page at http://www.olemiss.edu/depts/accountancy/libraries.html
This includes a link to the Digital Collection in this library, but these are only a small percentage of the recordings available in the library.

I mention my video tapes because in later years I taped two successive annual meeting presentations by Denny Beresford when, as Chairman of the FASB, his struggles to get FAS 119 and 133 launched were just getting started under a storm of controversy. People don't realize that the SEC virtually mandated that the FASB generate FAS 133. SEC Director told Denny that the “top three priorities at the FASB should be Derivatives, Derivatives, and Derivatives.”

I have made audio recordings of Denny's two successive sessions available online. Denny is not only an articulate speaker he has a great sense of humor. One of my all time favorite lines is when he referred to a "derivative as something a person my age takes when prunes just quite do the job."

To download the audio files of Dennis Beresford scroll down at http://www.cs.trinity.edu/~rjensen/000overview/mp3/133summ.htm

Bob Jensen

Systems for Delivering, Administering, and Archiving Accounting CPE

September 17, 2009 message from Tom Selling [tom.selling@GROVESITE.COM]

I have had some experience using LearnLive ( http://www.learnlive.com/cpe_compliance.html ), which is a comprehensive system for delivering/administering live and archived accounting CPE. It works very well, but is quite pricey.

Does anyone know of other systems that I can investigate for suitability. Although LearnLive is an all-in-one solution, I would be interested in other products that provide specialized pieces of the puzzle. In particular, I don’t know of any other software systems for tracking participation and automatically issuing CPE certificates.

Thanks very much,
Tom Selling

September 17, 2009 reply from Richard Campbell [campbell@RIO.EDU]

Tom:
Adobe Captivate 4 does quizzes and completion certificates. You also need a LMS like Moodle.

Another alternative to webex is www.ilinc.com - they also have a "training room" capability. The key phrase to watch for in LMSs - is it SCORM compliant?

Richard J. Campbell
mailto:campbell@rio.edu

**For an elaboration on the reasons you should join a ListServ (usually for free) go to http://www.trinity.edu/rjensen/ListServRoles.htm**
AECM (Educators) http://pacioli.loyola.edu/aecm/ The AECM is an email Listserv list which started out as an accounting education technology Listserv. It has mushroomed into the largest global Listserv of accounting education topics of all types, including accounting theory, learning, assessment, cheating, and education topics in general. At the same time it provides a forum for discussions of all hardware and software which can be useful in any way for accounting education at the college/university level. Hardware includes all platforms and peripherals. Software includes spreadsheets, practice sets, multimedia authoring and presentation packages, data base programs, tax packages, World Wide Web applications, etc Roles of a ListServ --- http://www.trinity.edu/rjensen/ListServRoles.htm
CPAS-L (Practitioners) http://pacioli.loyola.edu/cpas-l/ CPAS-L provides a forum for discussions of all aspects of the practice of accounting. It provides an unmoderated environment where issues, questions, comments, ideas, etc. related to accounting can be freely discussed. Members are welcome to take an active role by posting to CPAS-L or an inactive role by just monitoring the list. You qualify for a free subscription if you are either a CPA or a professional accountant in public accounting, private industry, government or education. Others will be denied access.
Yahoo (Practitioners) http://groups.yahoo.com/group/xyztalk This forum is for CPAs to discuss the activities of the AICPA. This can be anything from the CPA2BIZ portal to the XYZ initiative or anything else that relates to the AICPA.
AccountantsWorld http://accountantsworld.com/forums/default.asp?scope=1 This site hosts various discussion groups on such topics as accounting software, consulting, financial planning, fixed assets, payroll, human resources, profit on the Internet, and taxation.
Business Valuation Group BusValGroup-subscribe@topica.com This discussion group is headed by Randy Schostag [RSchostag@BUSVALGROUP.COM]
The CAlCPA Tax Listserv September 4, 2008 message from Scott Bonacker [lister@bonackers.com] Scott has been a long-time contributor to the AECM listserv (he's a techie as well as a practicing CPA) I found another listserve that is exceptional - CalCPA maintains http://groups.yahoo.com/taxtalk/ and they let almost anyone join it. Jim Counts, CPA is moderator. There are several highly capable people that make frequent answers to tax questions posted there, and the answers are often in depth. Scott

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

Creative Earnings Management, Agency Theory, and Accounting Manipulations to Cook the Books ---
http://www.trinity.edu/rjensen/theory01.htm#Manipulation

Accounting Educator News

For an elaboration on the reasons you should join a ListServ (usually for free) go to http://www.trinity.edu/rjensen/ListServRoles.htm
AECM (Educators) http://pacioli.loyola.edu/aecm/
The AECM is an email Listserv list which started out as an accounting education technology Listserv. It has mushroomed into the largest global Listserv of accounting education topics of all types, including accounting theory, learning, assessment, cheating, and education topics in general. At the same time it provides a forum for discussions of all hardware and software which can be useful in any way for accounting education at the college/university level. Hardware includes all platforms and peripherals. Software includes spreadsheets, practice sets, multimedia authoring and presentation packages, data base programs, tax packages, World Wide Web applications, etc
Roles of a ListServ --- http://www.trinity.edu/rjensen/ListServRoles.htm

CPAS-L (Practitioners) http://pacioli.loyola.edu/cpas-l/
CPAS-L provides a forum for discussions of all aspects of the practice of accounting. It provides an unmoderated environment where issues, questions, comments, ideas, etc. related to accounting can be freely discussed. Members are welcome to take an active role by posting to CPAS-L or an inactive role by just monitoring the list. You qualify for a free subscription if you are either a CPA or a professional accountant in public accounting, private industry, government or education. Others will be denied access.

Yahoo (Practitioners) http://groups.yahoo.com/group/xyztalk
This forum is for CPAs to discuss the activities of the AICPA. This can be anything from the CPA2BIZ portal to the XYZ initiative or anything else that relates to the AICPA.

AccountantsWorld http://accountantsworld.com/forums/default.asp?scope=1
This site hosts various discussion groups on such topics as accounting software, consulting, financial planning, fixed assets, payroll, human resources, profit on the Internet, and taxation.

Business Valuation Group BusValGroup-subscribe@topica.com
This discussion group is headed by Randy Schostag [RSchostag@BUSVALGROUP.COM]

The CAlCPA Tax Listserv

September 4, 2008 message from Scott Bonacker [lister@bonackers.com]
Scott has been a long-time contributor to the AECM listserv (he's a techie as well as a practicing CPA)

I found another listserve that is exceptional -

CalCPA maintains http://groups.yahoo.com/taxtalk/ and they let almost anyone join it.
Jim Counts, CPA is moderator.

There are several highly capable people that make frequent answers to tax questions posted there, and the answers are often in depth.

Scott

I especially recommend subscribing (for free) to the AECM --- http://pacioli.loyola.edu/aecm/

Other popular sources of news for accounting educators include the following:

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/

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#AccountingSoftwa
re

Bob Jensen's accounting history summary --- http://www.trinity.edu/rjensen/Theory01.htm#AccountingHistor
y

Bob Jensen's accounting theory summary --- http://www.trinity.edu/rjensen/Theory.htm

AccountingWeb --- http://www.accountingweb.com/

SmartPros --- http://www.smartpros.com/

I highly recommend TheFinanceProfessor (an absolutely fabulous and totally free newsletter from a very smart finance professor, Jim Mahar from St. Bonaventure University) --- http://www.financeprofessor.com/

Financial Rounds (from the Unknown Professor) --- http://financialrounds.blogspot.com/

News Headlines for Accounting from TheCycles.com --- http://www.thecycles.com/business/accounting

An unbelievable number of other news headlines categories in TheCycles.com are at http://www.thecycles.com/

Tom Selling's blog The Accounting Onion (great on theory and practice) --- http://accountingonion.typepad.com/

Controversies in Higher Education --- http://www.trinity.edu/rjensen/HigherEdControversies.htm

Bob Jensen's New Bookmarks --- http://www.trinity.edu/rjensen/Bookurl.htm

More Than Accounting
Bob Jensen's Tidbits --- http://www.trinity.edu/rjensen/TidbitsDirectory.htm

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

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
Bob Jensen's accounting history summary --- http://www.trinity.edu/rjensen/Theory01.htm#AccountingHistory

Bob Jensen's accounting theory summary --- http://www.trinity.edu/rjensen/Theory.htm

Tom Selling's blog The Accounting Onion (great on theory and practice) --- http://accountingonion.typepad.com/

XBRL Networking --- http://xbrlnetwork.ning.com/

From EDGAR Online
FREE access to the latest ANNUAL REPORTS and PROSPECTUSES from hundreds of publicly traded companies and funds.

Truth in Accounting or Lack Thereof in the Federal Government (Former Congressman Chocola) --- http://www.youtube.com/watch?v=NWTCnMioaY0
Part 2 (unfunded liabilities of $55 trillion plus) --- http://www.youtube.com/watch?v=1Edia5pBJxE
Part 3 (this is a non-partisan problem being ignored in election promises) --- http://www.youtube.com/watch?v=lG5WFGEIU0E

Watch the Video of the non-sustainability of the U.S. economy (CBS Sixty Minutes TV Show Video) ---
http://www.youtube.com/watch?v=OS2fI2p9iVs
Also see "US Government Immorality Will Lead to Bankruptcy" in the CBS interview with David Walker --- http://www.youtube.com/watch?v=OS2fI2p9iVs
Also at Dirty Little Secret About Universal Health Care (David Walker) --- http://www.youtube.com/watch?v=KGpY2hw7ao8

Systems for Delivering, Administering, and Archiving Accounting CPE

September 17, 2009 message from Tom Selling [tom.selling@GROVESITE.COM]

I have had some experience using LearnLive ( http://www.learnlive.com/cpe_compliance.html ), which is a comprehensive system for delivering/administering live and archived accounting CPE. It works very well, but is quite pricey.

Does anyone know of other systems that I can investigate for suitability. Although LearnLive is an all-in-one solution, I would be interested in other products that provide specialized pieces of the puzzle. In particular, I don’t know of any other software systems for tracking participation and automatically issuing CPE certificates.

Thanks very much,
Tom Selling

September 17, 2009 reply from Richard Campbell [campbell@RIO.EDU]

Tom:
Adobe Captivate 4 does quizzes and completion certificates. You also need a LMS like Moodle.

Another alternative to webex is www.ilinc.com - they also have a "training room" capability. The key phrase to watch for in LMSs - is it SCORM compliant?

Richard J. Campbell
mailto:campbell@rio.edu

Bob Jensen’s threads on course authoring, management, and delivery (including ToolBook 10) ---
http://www.trinity.edu/rjensen/000aaa/thetools.htm#Publish

History of Accounting, Ethics and The Sex of a Hippopotamus

September 18, 2009 question from Richard Bernstein [richard12815@GMAIL.COM]

What are the sources for CPA ethics, is it the state or the AICPA.

What guides a CPA's ethical obligations
_________________________________
Richard Bernstein
richard12815@gmail.com

September 18, 2009 reply from Paul Bjorklund [PaulBjorklund@AOL.COM]

Strict interpretation . . . State board of accountancy for all CPAs. And then, if you are a member of a voluntary organization, e.g., AICPA, their canons.

Paul Bjorklund, CPA
Bjorklund Consulting, Ltd.
Flagstaff, Arizona

September 18, 2009 reply from Bob Jensen

Since the Codes of Ethics are adopted in each state, the states, the states are clearly a major factor.

You might look in particular at the book

The Sex of a Hippopotamus: A Unique History of Taxes and Accounting
by Jay Starkman
Twinset Inc., 2008, 456 pp.

You can read a Journal of Accountancy review of the book at
http://www.journalofaccountancy.com/Issues/2009/Apr/Hippopotamus

The Sex of a Hippopotamus by Jay Starkman is a well-documented and interesting read for professionals in the accounting and tax fields. In particular, this book is appealing to instructors, retirees, recent accounting graduates and the hard-to-buy-for CPA.

The book begins with anecdotes of accounting careers, then documents the role of accounting in the world (with special emphasis on U.S. history), and ends with tax anecdotes of the rich and famous. Career chapters address accounting and pop culture myths such as the long hours (“in every 24 hours, there are three perfectly good eighthour chargeable days”), strict dress code, charitable requirements and difficult work environment. From Harry Potter to the Beatles song “Taxman,” artistic depiction of accountants ranges from boring to oppressive. Separating myth from reality takes experience and perspective.

Starkman would know. He is a recognized, practicing CPA in Atlanta with nearly 40 years of work experience in the field including audit, fraud and tax. Having worked for most of the Big Four firms and currently running his own public accounting firm, Starkman can be controversial. He compares the hours of a career in public accounting to the Japanese concept of karoshi, which loosely translates to “death from overwork,” repeating the saying, “Let’s go home while it’s still dark.” He addresses abusive tax shelters and internal control weaknesses for electronic tax filing. He evaluates changes to professional ethics over time, including changes in the ability to accept referral fees, continuing education requirements and the reliability of prepackaged tax software.

Similarly, the history of tax and accounting is not sugarcoated. He includes a discussion of California’s 1850 tax on foreign laborers (primarily Chinese and Latinos), highlights Russian ruler Peter the Great’s tax levied on beards, and European taxation of Jews from medieval times through World War II. For better or worse, Starkman names names.

Underneath it all, though, is a strong ethical reckoning. “Can an honest accountant succeed?” asks Starkman (implying the answer is, “Yes, but not without being tested”). Nearly every reader will find some parts of the book drier than others. Accounting historians may trivialize some of the personal experiences, whereas practitioners may only be generally interested in the Turkish capital tax. But there is enough of each area of accounting to make buying this book worthwhile and its reading enjoyable.

One place to include in your search for this answer is http://maaw.info/EthicsMain.htm

By the way, MAAW is a great site for finding accounting literature ---
http://maaw.info/

Bob Jensen

September 19, 2009 reply from Becky Miller [itsyourmom@HOTMAIL.COM]

Are you looking looking for the technical rules? CPAs who practice tax are to follow the guidance of Circular 230 of the Treasury Department and the AICPA Statements of Standards for Tax Services. You can find Circular 230 at the IRS's web page and the SSTS's on the AICPA web page. The ethical standards for all licensed CPAs that are of particular impact on auditors are found on the AICPA web page at: http://www.aicpa.org/Professional+Resources/Professional+Ethics+Code+of+Professional+Conduct/Professional+Ethics/

The States have the first level of enforcement and issue their own sets of ethics standards. At one time I was licensed in 19 states and I can tell you from that experience, in general, the state rules followed the AICPA's rules with some differences in the interpretation of solicitation, what falls within the practice of accounting, etc.

Hope this helps - Becky Becky Miller 22339 510 Street Pine Island, MN 55963

Bob Jensen's threads on accounting history are at
http://www.trinity.edu/rjensen/theory01.htm#AccountingHistory

Ideas for Teaching Online --- http://www.trinity.edu/rjensen/000aaa/thetools.htm#Ideas
Also see the helpers for teaching in general at http://www.trinity.edu/rjensen/000aaa/thetools.htm

In a previous edition of Tidbits, I provided a summary of resources for learning how and being inspired to teach online --- http://www.trinity.edu/rjensen/000aaa/thetools.htm#Ideas

I forgot to (and have since added) helpers for assessment (e.g. testing) online ---
http://www.trinity.edu/rjensen/assess.htm#OnlineOffCampus
Also see the helpers for assessment in general at http://www.trinity.edu/rjensen/assess.htm

Also I forgot to add some special considerations for detection and prevention of online cheating ---
http://www.trinity.edu/rjensen/assess.htm#OnsiteVersusOnline
Also see helpers for detection and prevention of cheating in general at
http://www.trinity.edu/rjensen/plagiarism.htm

Many useful accounting sites (scroll down) --- http://www.iasplus.com/links/links.htm
History of the U.S. Financial Accounting Standards Board (FASB) and earlier accounting standard setting in the United States --- http://www.trinity.edu/rjensen/Theory01.htm#AccountingHistory
History of the International Accounting Standards Board (IASB) --- http://www.iasb.org/About+Us/About+the+Foundation/History.htm
A more complete commentary on the history of the IASC and IASB by Paul Pacter --- http://www.trinity.edu/rjensen/acct5341/speakers/pacter.htm#001
Also see http://static.managementboek.nl/pdf/9780471726883.pdf
A timeline of accounting scandals and standards development can be found at http://www.trinity.edu/rjensen/FraudRotten.htm

Some of the many, many lawsuits settled by auditing firms can be found at http://www.trinity.edu/rjensen/Fraud001.htm

Question
How can you best publish books, including multimedia and user interactive books, on the Web?
Note that interactive books may have quizzes and examinations where answers are sent back for grading.
My Answers --- http://www.trinity.edu/rjensen/000aaa/thetools.htm

Bob Jensen's advice to new faculty --- http://www.trinity.edu/rjensen/000aaa/newfaculty.htm

Large International Accounting Firm History --- http://en.wikipedia.org/wiki/Big_Four_auditors

Free online textbooks and tutorials (including video tutorials) in accounting, economics, statistics, and other disciplines --- http://www.trinity.edu/rjensen/ElectronicLiterature.htm#Textbooks

For Example Here Are Some Free Video Tutorials
Free Accounting Video (YouTube) Tutorials
May 27, 2008 message from Crosson, Susan [susan.crosson@SFCC.EDU]

I have done both Financial and Managerial Accounting videos for my students and posted them on YouTube. They are free to anyone. In fact, they have been viewed by over 70,000 folks worldwide.

Here are the easy links organized by topic and chapter:

Financial: http://inst.sfcc.edu/~SCrosson/Fall 2007/Flip Videos Fall 2007/FA Videos.htm

Managerial: http://inst.sfcc.edu/~SCrosson/Fall%202007/YouTube.htm

or go to YouTube.com directly and input my account SusanCrosson or http://www.youtube.com/SusanCrosson

If you have any other questions, glad to answer...
Susan Crosson

Other free accounting tutorials and textbooks --- http://www.trinity.edu/rjensen/ElectronicLiterature.htm#Textbooks

FASB's Accounting Standards Codification --- http://asc.fasb.org/home

FASB Master Glossary --- http://asc.fasb.org/glossary&letter=D

The FASB's Derivatives and Hedging Glossary (in the Accounting Standards Codification Database) ---
http://asc.fasb.org/subtopic&trid=2229141&nav_type=left_nav

I'm sharing some old (well relatively old) accounting theory quiz and exam material that I added to a folder at http://www.cs.trinity.edu/~rjensen/Calgary/CD/

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

"A Model Curriculum for Education in Fraud and Forensic Accounting," by Mary-Jo Kranacher, Bonnie W. Morris, Timothy A. Pearson, and Richard A. Riley, Jr., Issues in Accounting Education, November 2008. pp. 505-518 (Not Free) --- Click Here

There are other articles on fraud and forensic accounting in this November edition of IAE:

Incorporating Forensic Accounting and Litigation Advisory Services Into the Classroom Lester E. Heitger and Dan L. Heitger, Issues in Accounting Education 23(4), 561 (2008) (12 pages)]

West Virginia University: Forensic Accounting and Fraud Investigation (FAFI) A. Scott Fleming, Timothy A. Pearson, and Richard A. Riley, Jr., Issues in Accounting Education 23(4), 573 (2008) (8 pages)

The Model Curriculum in Fraud and Forensic Accounting and Economic Crime Programs at Utica College George E. Curtis, Issues in Accounting Education 23(4), 581 (2008) (12 pages)

Forensic Accounting and FAU: An Executive Graduate Program George R. Young, Issues in Accounting Education 23(4), 593 (2008) (7 pages)

The Saint Xavier University Graduate Program in Financial Fraud Examination and Management William J. Kresse, Issues in Accounting Education 23(4), 601 (2008) (8 pages)

Also see
"Strain, Differential Association, and Coercion: Insights from the Criminology Literature on Causes of Accountant's Misconduct," by James J. Donegan and Michele W. Ganon, Accounting and the Public Interest 8(1), 1 (2008) (20 pages)

Bob Jensen's Fraud Updates --- http://www.trinity.edu/rjensen/FraudUpdates.htm
Bob Jensen's threads on fraud --- http://www.trinity.edu/rjensen/Fraud.htm

FBI Corporate Fraud Chart in August 2008 --- http://www.aicpa.org/pubs/jofa/aug2008/ataglance.htm#Chart1.htm

A great blog on securities and accounting fraud --- http://lawprofessors.typepad.com/securities/

Forensic Accounting Course Materials

November 3, 2009 message from Eileen Taylor [eileen_taylor@NCSU.EDU]

Need advice on choosing a textbook for an MBA class on fraud (to be taken mostly by Master of Accounting students).

I am deciding between Albrecht's Fraud Examination and Hopwood's Forensic Accounting. I also plan to have students read Cynthia Cooper's book, Journey of a Corporate Whistleblower.

I will be teaching a three-week version of the course this summer as a study abroad, but also will be converting it into a 16 week semester-long 3 hour course.

Any suggestions would be helpful -

Thank you,
Eileen

November 3, 2009 reply from Bob Jensen

Hi Eileen,

I'm really not able to give you an opinion on either choice for a textbook. But before making a decision I always compared the end-of-chapter material and the solutions manual to accompany that material. If the publisher did not pay for good end-of-chapter material I always view the textbook to be a cheap shot. The end-of-chapter material is much harder to write than the chapter material itself.

I also look for real world cases and illustrations.

Don't forget the wealth of material, some free, at the site of the Association of Certified Fraud Examiners --- http://www.acfe.com/
I would most certainly consider using some of this material on homework and examinations.

Instead of a textbook you might use the ACFE online self-study materials ($79) ---
Click Here

There is a wonderful range of topics covered ---
http://snipurl.com/acleselfstudy [eweb_acfe_com]

Accounting and Auditing

Building a World-Class Compliance Program

Cooking the Books: What Every Accountant Should Know About Fraud

Financial Analysis for Non-Experts

Financial Statement Fraud in Non-Profit Organizations

Fraud and The CPA

Fraud Prevention (Online Self-Study)

Fraud-Related Internal Controls

How To Detect & Prevent Financial Statement Fraud

Other People's Money: The Basics of Asset Misappropriation

Computers and Technology

Audit, Fraud Detection and Cash Recovery Using ActiveData for Office

Beyond the Technical: Practical and Legal Issues for Deploying Digital Forensics

Fraud Detection and Cash Recovery Using ActiveData for Excel

Fraud in the Digital Age

Fundamentals of Computer Fraud

Investigating By Computer, 2nd Edition

Using Digital Forensic Technology in your Investigations

Using Microsoft Access to Audit Payables for Fraud

Criminology and Ethics

Ethical Theory for Fraud Examiners (Online Self-Study)

Fraud Investigation

A “How-To” Guide to Fraud and Forensics

Analyzing Bank Records

Analyzing Written Statements for Deception and Fraud

Conducting Internal Investigations: Gathering Evidence and Protecting Your Company

Elements of Internal Investigations: Gathering and Protecting Evidence (Online Self-Study)

Elements of Internal Investigations: Interviewing and Reporting (Online Self-Study)

Fashioning a Fraud: Case Study

Financial Institution Fraud

Gathering and Analyzing Information (Online Self-Study)

International Bribery in Business Transactions

Introduction To Fraud Examination

Making Crime Pay: How to Locate Hidden Assets

Recovering The Proceeds of Fraud

Taking Anti-Fraud Skills Around the Globe

Understanding the Basics of Fraud Examination (Online Self-Study)

Using Benford's Law To Detect Fraud

Fraud Schemes

Case Studies in Employee Fraud

Combating Mortgage Fraud

Contract and Procurement Fraud

Corporate Con: Internal Fraud and the Auditor

Designing Successful Know Your Customer Programs

Foundations of Mortgage Fraud: Identifying the Players and Investigating Their Schemes (Online Self-Study)

Fraud and Abuse in Construction and Major Capital Projects

Healthcare Fraud in America

Healthcare Reform and the New Opportunities for the Ethically Challenged

Introduction to Financial Statement Fraud (Online Self-Study)

Introduction to Fraud Schemes (Online Self-Study)

Investment Swindles and Con Schemes

Mortgage Fraud in a Fiscal Recession

Organized Retail Crime

Risk Factors and Red Flags of Occupational Fraud

Securities Fraud

Securities Fraud: Fundamental Principles and Resources

Social Engineering - The Foundation of Today's Fraud Schemes

Stock Option Abuses:Allegation, Investigation, Documentation and Recovery

Understanding and Disrupting Terrorist Financing

Understanding the Basics of Mortgage Fraud

Interviewing and Reporting

Beyond The Numbers: Professional Interviewing Techniques

Conducting Admission-Seeking Interviews (Online Self-Study)

Finding the Truth: Effective Techniques for Interview and Communication

Interviewing Prospective Witnesses (Online Self-Study)

Report Writing and Signed Statements (Online Self-Study)

Legal Elements of Fraud

Fundamentals of Fraud Examination: Legal Elements (Online Self-Study)

Legal Elements of a Fraud Examination

Legal Elements: Developing Evidence and Testifying (Online Self-Study)

Practice Management: Malpractice Issues

Preventing Employee Fraud at the Point of Entry

The False Claims Act: A Primer for Fraud Examiners

The Fraud Examiner as an Expert Witness

The Fraud Trial

Unclaimed Property 101: The Basics

Spanish Titles

Fraude y El Auditor

International Bribery in Business Transactions (Spanish)

Bob Jensen

Bob Jensen's threads on fraud and forensic accounting ---
http://www.trinity.edu/rjensen/Fraud.htm

Free online textbooks, cases, and tutorials in accounting, finance, economics, and statistics --- http://www.trinity.edu/rjensen/ElectronicLiterature.htm#Textbooks
Scroll down to Accounting

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

July 22, 2008 message from Dan Stone, Univ. of Kentucky [dstone@UKY.EDU]

Regarding the free CPA Review Course --- http://cpareviewforfree.com/

1. Should I recommend this site as a CPA prep resource for students? What are the time &/or financial costs to students?

2. What's their business model?

Thanks,

Dan S.

July 22, 2008 reply from Bob Jensen

Hi Dan,

Answer to Question 2
This appears to be pretty much a public service site run by three old guys interested in helping people study for the CPA exam --- http://cpareviewforfree.com/about.cfm
My hat is off to them if there is no hidden agenda. If there is a hidden agenda, I can't find it.

It's possible that one or more of them might be engaged privately or by a firm to conduct workshops on CPA Exam Review, but the site does not advertise this nor does it even mention that any of the three old guys are interested in conducting this added custom service for a fee.

Answer to Question 1
The Becker Course is expensive, live (with lots of video onsite), and great for kicking butts of students prone to procrastinating --- who tend to find excuses for delaying studying on their own.

The above free CPA Exam review site seems to be great for students who are organized with their study time and self-motivated (read that driven).

To be honest, the free CPA review site is all that I would've needed because all I did was devote five hours religiously each week for about five months of my senior year in college to studying old CPA exam questions and answers. Back in 1960 in Colorado we could take the exam before we graduated in the undergraduate program.

I passed the exam the first time that way, but I worked with a good friend (call him Don) in the Ernst and Ernst office who had to take the CPA exam four times to pass all the parts. I worked part-time for E&E whereas he worked full time. He also had a wife and two young babies. I was a ski bum on weekends but studied by tail off five days a week for my courses, my CPA Exam review, and my E&E job in the afternoons.

I think Don did not pass the CPA exam because he always found reasons or excuses to procrastinate studying for the exam. No Becker kick-butt course was available in those days!

I went on to Stanford and became a low-paid accounting professor. Don stayed with E&E and eventually became the high paid managing partner of the Denver Office. Go figure. The CPA exam is just one stepping stone to success.

Of course, I've never regretted taking the road less traveled in those days. It was a great life being on the faculty of four universities over 40 years. Spending five years full time getting a PhD was enlightening and agonizing since it was an accounting PhD with no accounting courses. It might've had some accounting courses if I wasn't already a CPA and an MBA when I moved to Palo Alto. I became one of the early accountics research professors at the beginning of the perfect storm --- http://www.trinity.edu/rjensen/395wpTAR/Web/TAR395wp.htm
In retrospect it was much easier to publish accountics research than accounting research without equations.

Bob Jensen

Financial Executives International (FEI) free television --- http://www.financialexecutives.org/eweb/startpage.aspx?site=_fei

Personal Finance Helpers (more than ever, the public is worried about personal investment and savings)
From Smart Stops on the Web, Journal of Accountancy, July 2008

KEEPING IT SIMPLE
www.bargaineering.com/articles
This Smart Stop’s author puts together a “Blueprint for Financial Prosperity,” working and blogging through the complexities of personal finance. Articles include “Speed Up or Shift Up: Thinking About Your Income Path” and “Do You Have an Opportunity Fund?” Also find tax and investing coverage, plus reviews of financial planning and wealth management books. Every month, the author plays “Devil’s Advocate,” where he examines the other side of “mainstream” or “common sense” personal finance ideas. Recent “Advocate” posts include “Don’t Budget to the Penny” and “Don’t Just Buy Index Funds.”
THIS WEEK IN PERSONAL FINANCE
www.carnivalofpersonalfinance.com
The Carnival of Personal Finance touts itself as “a traveling weekly showcase of the best blog articles on the topic.” The carnival is hosted by a different guest blogger each week. In every edition, you’ll find links to the guest editor’s picks of the week, typically highlighting five to 10 posts from various sources, which feature expert advice on professional sites or regular-Joe experiences on personal sites. You can submit your own post for consideration, view the schedule of upcoming hosts or just browse the wealth of archived articles.
The AICPA maintains a financial literacy site at http://www.aicpa.org/financialliteracy/FeedThePig/
Bob Jensen's personal finance helpers are at http://www.trinity.edu/rjensen/Bookbob1.htm#InvestmentHelpers

The AICPA maintains a helper site for guidance on the replacement of FASB/SEC standards with IASB international standards --- http://www.ifrs.com/
Also see http://www.trinity.edu/rjensen/theory01.htm#MethodsForSetting
And see http://www.trinity.edu/rjensen/theory01.htm#FASBvsIASB

Bankruptcy Records from LexisNexis
The phrase “Bankruptcy Records” should be the clickable link to:
http://risk.lexisnexis.com/manage-bankruptcy-information

I do not forward advertising requests form commercial vendors unless I feel that my "audience" would appreciate hearing about particular new products and services. This one is very important to some accounting researchers.

April 30, 2008 message from Tom Hardy [thardy@ivesinc.com]

Dear Professor Jensen,

I am writing to let you know about two new research modules available with the AuditAnalytics.com SEC research database. Specifically, our Litigation Module now tracks all material federal litigation involving Russell 3000 companies and all federal litigation involving the top 100 audit firms. This module contains over 12,500 cases in the database. It includes all securities class actions and SEC litigation filed since the year 2000.

In the next few months we also will be making available as an add-on our Advanced Restatement Data to include:

Net Income Effect*

Net Effect on Stockholders Equity*

First Announcement Date*

First Magnitude Announcement Date* All related filings to each restatement*

*Data analysis for these fields restricted to NYSE, Nasdaq and AMEX public companies and is currently populated from 2003 to present.

FIN 48 Revisions (All SEC registrants for fiscal years beginning after Dec 15th, 2006) SAB 108 Revisions (All SEC registrants for fiscal year ends after Nov 15th, 2006)

As the leader in Audit Industry Research, AuditAnalytics.com provides detailed information on over 20,000 publicly registered companies and over 1,500 accounting firms. Our database enables you, your students and faculty to quickly search and analyze reported:

- SOX 404 Internal Controls and SOX 302 Disclosure Controls

- Restatements

- Directory and Officer Changes

- Late filers (Form NT)

- Auditor fees, changes, and opinions

- Governance information (Non-historical)

I sincerely believe that you would find our online service to be a valuable resource for your academic research. We are currently offering special academic and educational subscription pricing for the service and I would be happy to discuss this further at your convenience. Please let me know if there is a good time for us to speak and if you would like any additional information or an online demonstration of the AuditAnalytics.com service.

Best Regards,

Tom

PS. Please feel free to ask me about AuditAnalytics.com availability via the WRDS Database http://wrds.wharton.upenn.edu/

Tom Hardy
IVES Group, Inc.
9 Main Street, Suite 2F
Sutton, MA 01590
Phone: (508) 476-7007 ext. 228
e-mail: thardy@ivesinc.com
www.auditanalytics.com - Independent Research Provider to the Accounting, Insurance, Research and Investment Communities

April 30, 2008 reply from Todd Pullen [btpull@COMCAST.NET]

Does anyone have a recommendation on a good site for financial reports?

I have found that some of the free sites such a Google Finance and Marketwatch are not that accurate or their data is outdated.

April 30, 2008 reply from Edith Orenstein [eorenstein@FINANCIALEXECUTIVES.ORG]

I recently had demo of CCH Accounting Research Manager (ARM) and it seemed to have a pretty good search capability for recent filings.

April 30, 2008 reply from W. O. Mills, III C.P.A., C.A., P.F.S [wom@WOMILLS.COM]

I am not sure of what you might be looking for exactly...but perhaps Edgars would be of some benefit to you.

http://www.sec.gov/edgar.shtml

April 30, 2008 reply from David Albrecht [albrecht@PROFALBRECHT.COM]

I use several. Usually I go directly to a company's web site.

If I'm simply shopping for something to use in class I go to
http://www.annualreportservice.com/

April 30, 2008 reply from Bob Jensen

And don't forget to try the wonderful new TryXBRL service (free for now) and the new Financial Explorer service from the SEC

"TryXBRL.org Launched," SmartPros, March 28, 2008 --- http://accounting.smartpros.com/x61325.xml
A new Web site, TryXBRL.com, allows free access to view and analyze complete XBRL-tagged financial statements for over 12,000 publicly traded corporations.

After registering on the portal, TryXBRL.org, corporate finance professionals can educate themselves about the XBRL tagging process and view their own historical financial information in XBRL format. Investors and analysts can experience how XBRL reduces the complexity and costs associated with analyzing performance data.

The site is a collaboration of EDGAR Online Inc., a business and financial information provider, and R.R. Donnelley & Sons Company, a print services company.

"Our goal has been to deliver solutions that do not require technical expertise or excessive time commitments by corporations wishing to take part in the SEC Voluntary Program or to familiarize themselves with XBRL," said Philip Moyer, President and CEO of EDGAR Online, Inc. "We are providing open access to our vast XBRL database through a solution that enables corporations to begin filing XBRL content with the SEC in as little as a few hours."

RR Donnelley and EDGAR Online have collaborated to deliver XBRL filing solutions to corporations since 2005.

Once again that site is at http://www.tryxbrl.org/

April 1, 2008 reply from Amy Dunbar [Amy.Dunbar@BUSINESS.UCONN.EDU]

I just tried the site. Wow. Very powerful. I confirmed the numbers for one company to make sure I knew what I was seeing. It pulled the 2007 four quarter numbers for my selected company and then the 4th qtr numbers for the three peer companies and my selected company. I'm not sure where that 12,000 publicly traded corporations is coming from. They must mean filings, not corporations. I found the following table for March/June 2005 in Appendix F. http://www.sec.gov/info/smallbus/acspc/acspc-finalreport.pdf If you include pink sheet companies, the data for which are not publicly available (at least to my knowledge), the total climbs to 13,094. Does anyone have a source for more recent numbers of publicly traded corporations?

Listing Venue Number of Companies Listed NYSE 2,553 AMEX 747 NASDAQ National Market 2,580 NASDAQ Capital Market1 593 OTC Bulletin Board 2,955 Total 9,428

The table (I only show part of it) has the following footnote explanation: Source: Public data includes 13,094 companies from the Center for Research in Securities Prices at the University of Chicago for NYSE and AMEX companies as of March 31, 2005 and from NASDAQ for NASDAQ and OTC Bulletin Board companies and from Datastream Advance for Pink Sheets companies as of June 10, 2005. This table was compiled by members of the staff of the SEC's Office of Economic Analysis and does not necessarily reflect the views of the Commission, the Commissioners, or other members of the Commission staff.

Amy Dunbar UConn

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

"SEC unveils 'Financial Explorer' investor tool using XBRL," AccountingWeb, February 20, 2008 ---
http://www.accountingweb.com/cgi-bin/item.cgi?id=104665

Securities and Exchange Commission Chairman Christopher Cox has announced the launch of the "Financial Explorer" on the SEC Web site to help investors quickly and easily analyze the financial results of public companies. Financial Explorer paints the picture of corporate financial performance with diagrams and charts, using financial information provided to the SEC as "interactive data" in eXtensible Business Reporting Language (XBRL).

At the click of a mouse, Financial Explorer lets investors automatically generate financial ratios,

graphs, and charts depicting important information from financial statements. Information including earnings, expenses, cash flows, assets, and liabilities can be analyzed and compared across competing public companies. The software takes the work out of manipulating the data by entirely eliminating tasks such as copying and pasting rows of revenues and expenses into a spreadsheet. That frees investors to focus on their investments' financial results through visual representations that make the numbers easier to understand. Investors can use Financial Explorer by visiting www.sec.gov/xbrl .

"XBRL is fast becoming the universal language for the exchange of business information and it is the future of financial reporting," said Cox. "With Financial Explorer or another XBRL viewer, investors will be able to quickly make sense of financial statements. In the near future, potentially millions of people will be able to analyze and compare financial statements and make better-informed investment decisions. That's a big benefit to ordinary investors."

David Blaszkowsky, Director of the SEC's Office of Interactive Disclosure, encouraged investors to try out the new software. "Financial Explorer will help investors analyze investment choices much quicker. I encourage both companies and investors to visit the SEC Web site, try the software, and get a first-hand glimpse of the future of financial analysis, especially for the retail investor."

Financial Explorer is open source, meaning that its source code is free to the public, and technology and financial experts can update and enhance the software. As interactive data becomes more commonplace, investors, analysts, and others working in the financial industry may develop hundreds of Web-based applications that help investors garner insights about financial results through creative ways of analyzing and presenting the information.

Continued in article

Jensen Comment
The Financial Explorer link --- http://209.234.225.154/viewer/home/
Note the "Take a Tour" option.

Bob Jensen's videos (created before the SEC created the Financial Explorer) are at http://www.cs.trinity.edu/~rjensen/video/Tutorials/
When I can find some time, I'll create a Financial Explorer update video.

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

Accounting Educators should pay more attention to the following blog that seeks out weaknesses in company filings of 10Q (and other reports) with the SEC

10Q Detective blog by David Phillips --- http://10qdetective.blogspot.com/

Investors often overlook SEC filings, and it is the job of the 10Q Detective to dig through businesses’ 8-K and 10-Q SEC filings, looking for financial statement ‘soft spots,' (depreciation policies, warranty reserves, and restructuring charges, etc.) that may materially impact Quality of Earnings

Bob Jensen's threads on creative accounting are at http://www.trinity.edu/rjensen//theory/00overview/AccountingTricks.htm

Bob Jensen's threads on accounting theory are at http://www.trinity.edu/rjensen/Theory.htm

Bob Jensen's threads on the roles of listservs and blogs --- http://www.trinity.edu/rjensen/ListservRoles.htm

Global Perspectives on Accounting Education --- http://gpae.bryant.edu/%7Egpae/content.htm

David Pogue is one of my technology heroes --- http://en.wikipedia.org/wiki/David_Pogue
Vidya Ananthanarayanan called my attention to his recent keynote speech at the Pennsylvania Educational Technology Expo and Conference
"Five ways to improve technology in education," by Todd Ritter, DownloadSquad, February 12, 2008 --- Click Here

Stay informed
Use Really Simple Syndication (RSS) to keep up with technology news and events. To use RSS you'll need an RSS reader like Google Reader, NetNewsWire (Mac), or FeedDemon (Windows) to read RSS feeds. An RSS feed is basically a dynamic link that updates your RSS reader when new content is posted to a website (click the "RSS Feeds" button under our search bar to see examples).

You can also subscribe to technology newsletters, and talk to students about websites and web services they use on their own. A majority of teachers do not know what Stickam or Meebo are, yet these sites are used daily by many of their students.

Focus on the learning process, not the end product
When little Susie uses iMovie to create a video of her class field trip to Cape Canaveral, she should be evaluated on what she's learned through the creative process, not how many wipes and sound effects she used in her final movie file. The quality and relativity of the still pictures she took by learning how to use a digital camera, or video footage from a well-designed storyboard are better barometers of a successful project.

Work with IT professionals who understand education
I work on the IT side of education daily, and I know it's important to unfetter technology at a school to stimulate the learning process. IT staff must be willing to bend on certain security measures and trust students with equipment so that they can be creative and not boxed in. We let students take laptops home to work on approved projects, which ultimately motivates their peers to do the same. We also have a dedicated instructional adviser who helps teachers integrate technology into their lesson plans. This often helps ease the teachers' modification of antiquated lessons.

Become a user
Make a Facebook account so you can understand the allure of social-networking sites. Add some information about yourself. Locate former school pals. Join some groups. This will let you see sites like Faceook from a student's perspective.

To collaborate and share course materials, you can create a Moodle site for your class, or start a class blog. Students benefit more from teachers who collaborate and less from teachers who force-feed lectures. Also, it's much easier to teach about something that you've actually used in depth. It's time to break the stigma of "those that can, do; those that can't, teach."

Don't be afraid of change
Some teachers think that upgrading from Office 2003 to 2007 is using the latest technology. However, a Word document is still words and formatting meant for someone to read. Instead of being satisfied with word processing in a new version of software, why not let students create a school "newspaper" on something like Joomla. The news could be updated in seconds, it could be interactive (comments, updates, etc.), and it could be include user-submitted media. Google Earth could be used to give an elementary student global perspective by flying in from a world view down to the roof of his home.

Jensen Comment
There are other things that I would recommend. I think joining listserv of other educators is important, especially educators in your discipline --- http://www.trinity.edu/rjensen/ListservRoles.htm

It is exceedingly important to know what knowledge is being freely shared by professors and universities --- http://www.trinity.edu/rjensen/000aaa/updateee.htm#OKI
I hope that you will one day share your own knowledge with us.

I think becoming a user of important technologies is important, especially video recording using Camtasia --- http://www.trinity.edu/rjensen/HelpersVideos.htm
Also see the 50Camtasia.ppt file at http://www.cs.trinity.edu/~rjensen/EdTech/PowerPoint/

Following the tools of technology in education in general is important --- http://www.trinity.edu/rjensen/000aaa/thetools.htm

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

July 2, 2008 reply from Bob Jensen

Hi Amy and Jagdish,

Most faculty can view free electronic versions of hundreds of newspapers, including the WSJ, if their campus libraries subscribe to electronic databases that most colleges now make available to students, faculty, and retired faculty. But it’s a bit of a pain in the tail to go to a database in this manner every instant you want to see a WSJ article.

WSJ deals for professors (free) and students (at greatly discounted prices) are described at http://info.wsj.com/college/
There’s a catch since professors receiving free subscriptions must sign up the WSJ to students or set up an arrangement with bookstores.

The WSJ now has two types of “introductory-offer” subscriptions:

$79 for the electronic (online) subscription for one year
$99 for the hard copy by mail and the electronic (online) subscription for a year
Thus getting the hard copy six days a week in the mail costs an added 6.4 pennies per day.

Renewal of a subscription is higher priced, and I was told on the phone when I renewed that I could not get the electronic version without also paying for a hard copy subscription. I don’t know how you renewed for an electronic version only. Actually the pricing difference is probably so nominal that the only things to suffer from the hard copy add on are my mail delivery woman (Mary Bless Her Heart) and the trees in Maine where Dow Jones has a long-term newsprint contract with the St Regis Paper Company or whoever owns St Regis now).

At the WSJ home Website I cannot find any mention of how to get a free electronic subscription to the WSJ. This is sad since one of Rupert Murdach’s promises when he bought the WSJ was that the electronic versions would be free in much the same convenient manner that current editions of the NYT are free.

However, there is away for persistent freebie searchers to view the WSJ for free. The “Unknown Professor” of the Financial Rounds blog showed how he manages to view online versions free: I did not check to see if his methods still work.

Saturday, April 05, 2008 --- http://financialrounds.blogspot.com/

Get The Wall Street Journal Online For Free

Either on the blog or in class, I refer to articles in the Wall Street Journal a lot. Unfortunately, the person I'm talking to often doesn't have a subscription. Fear no more - it turns out there's a way to get all the content on the WSJ Online for free. Here's how it works: If you click on a link to the WSJ's "protected" content through a non"portal" site, you get sent to a limited version of the full article. To get the whole thing, you have to log in.

But if you click on a link to that same article in Google News or Digg, you can access the full story for free. Here's how to use this approach:

Many (not all, but many) of the articles are available through Google News. If you know the title of the article, go there and search for it. If it's available, you'll get the full article. Unfortunately, not all articles are available through this avenue.

If you're a FireFox user, there's another way. First, install the add-on refspoof. Then, when going to the WSJ online, use www.digg.com as the spoofed address. This makes it look to the WSJ site like you're coming from Digg. I've downloaded it, and it's easy to use.

If you're an Internet Explorer user, QuickSpoof and Spooph provide the same spoofing functionality.

Management Accounting Simulations

May 1, 2009 message from Roger Collins [rcollins@TRU.CA]

I've been assigned to teach a course in "Strategic Management Accounting" as part of our summer session offerings for final year BBA undergraduate accounting majors. The previous presenter of the course built it around a set of cases plus a simulation - VK Gadget. See..
http://www.microbuspub.com/maspg3.htm

While I'm in general agreement with the approach I'm wondering whether anyone on the list has experience of the VK Gadget simulation, or of any other simulations that they would think appropriate. There is an optional text with the simulation - "Management Accounting - A Venture Into Decision Making" - but our students have a more in-depth knowledge of management accounting by the time they reach their final year than this book provides.

The only potential alternative that I've discovered to the VK Gadget simulation so far is "The Business Strategy Game" from Globus.See..
http://www.glo-bus.com

I get the impression that this simulation is easier to run and to administer than VK Gadget (important to me, as I have to get up to speed quickly) but it doesn't seem to go into management accounting issues in such depth.

Any comments would be much appreciated.

Regards,

Roger Collins
TRU School of Business

May 1, 2009 reply from David Albrecht [albrecht@PROFALBRECHT.COM]

I used the Management Accounting Simulation from the same company. I found it required a significant investment on the part of students before they ever could get started. The time and effort needed was so significant, that only two groups of two students even went ahead with the investment. Most students just entered numbers. I was using the simulation for cost accounting students, which I find to be more dedicated to work than the typical managerial accounting students.

What was scariest was the amount of work that would be required of the professor before even starting. I had difficulty in figuring out what to do from the instructions. I think I could have figured it out eventually if I had gone ahead and made the time investment and completed the assignments, just like I later asked the students to do. My estimate was about 25 hours to get up to speed, and I wasn't willing to make that investment. No wonder most students didn't do it either.

I found the instructions to administer the game to be confusing, and I couldn't even input data without being talked through it by the simulation author.

My campus bookstore charged students 38.40 for the instruction book. I eventually dropped the simulation, and refunded students their 38.40 from my own pocket (ouch).

I don't know if the simulation game you are talking about is the same, or a related product by the same company, but I'd be very skeptical.

A far better managerial accounting simulation is to use a business computer game called Gazillionaire (from Lavamind). In this computer game, each player owns a company with two products/services--either transporting passengers or transporting materials/products on the single company vessel. Each player must make decisions about financing, setting prices, allocating space on vessel between passengers/cargo, purchase of insurance, payment of taxes, where to travel, etc.

I have students play the game until they figure out the various components. Then I have the students play the game on paper until they have a plan that will work: enable them to ultimately accumulate retained earnings of 1,000,000. Once I approve their plans, they go ahead and play the game and then do a variance analysis, and figure out what they can do for the next time they play they play the simulation game.

If anyone goes this route, I can share my very rudimentary instructions. Also, I warn: students must truly immerse themselves in the business--figuring out what info they need that can help them cut costs and increase revenues. It cuts down on the amount of classroom content that can be covered. But it is well worth it.

Sometimes I hear from students that they learned more from my monopoly simulation game and gazillionaire simulation game than the rest of their collegiate experience.

David Albrecht

May 2, 2009 reply from dekalmte [dekalmte@XTRA.CO.NZ]

Roger

We use a simulation called Mikes Bikes Advanced through http://www.smartsims.com/

Most of the administration can be undertaken by the helpful staff at Smartsims. The multiplayer version is housed on their servers and can be accessed by anyone (who has paid the requisite fee) with an internet connection.

I have run in it our Strategic Management Accounting course for five years. Students find it easy to access and use. I form them into teams and they compete against each other to manufacture and sell bicycles (no knowledge of bicycle manufacture required).

Assessment is around a business plan and establishing KPI (along the lines of a 'balanced score card'). Each team is 'in business' for a number of years and they are to report on successes and failures. It doesn't necessarily focus on the technical skills of 'management accounting' - we cover and assess through other mechanisms - but does really open their minds to the strategic, and integrated, nature of decision making. It requires that they develop the soft skills that accounting bodies expect to be squeezed into the curriculum. Students do enjoy the competitive nature of the challenge.

Good Luck,

Frank Weterman
frank.weterman@manukau.ac.nz
Faculty of Business Manukau Institute of Technology
Auckland New Zealand

May 2, 2009 reply from Bob Jensen

Hi Roger,

The Mike's Bikes author is Pete Mazany. Pete's one of Frank's colleagues on the faculty at the University of Auckland. In the past, In the past I've used Pete in my technology workshops. If management accounting is to be emphasized to students who are relatively advanced in management accounting, the Mike's Bikes case may be too superficial in terms of accounting content, although this is an excellent policy decision making simulation. The case is networked and online. Pete spent a lot of money and time in programming this simulation. Pete earned his doctorate at Yale under one of the top game theory scholars of the world.

There is an excellent case study directory at Michigan State University --- http://aib.msu.edu/resources/casedepositories.asp
Most cases are not simulations. However, enter "simulation" in the search box on the left margin of the AIB home page and see what you find.

It is not common to find simulation cases with good accompanying textbooks. One problem is that if the simulation cases are updated quite often, the accompanying textbook may be a little out or date. If neither the simulation case nor the textbook is updated quite often, then I become dubious about using such material over time. Updating financial accounting simulations is probably a bigger problem relative to managerial accounting because of the way financial accounting standards are amended monthly.

Bob Rubin at Depaul has a video of possible interest, but it's more of a teaser. You would have to contact Bob or Gayle for more information (and may not have enough accounting content) --- http://www.youtube.com/watch?v=lz1VNyJpmQw
Also see Gayle Landuyt's video --- http://www.youtube.com/watch?v=8Oo2jaCN-v8

Sources for Teaching Cases --- http://aib.msu.edu/resources/casedepositories.asp

David Albrecht (at Bowling Green) raised a question about what might constitute an Advanced Managerial Accounting Course and the bias of college accounting curricula for financial accounting rather than managerial accounting.

March 21, 2008 reply from Bob Jensen

Hi David,

This is an age-old issue about which I have mixed feelings.

The most important thing on the minds of our soon-to-be-graduating accounting majors is finding a job (except for the small percentage that go on to law school.) Virtually all accounting graduates get some full-time professional experience before applying for doctoral programs.

The corporations and the IMA have long railed against the CPA exam dominance of accounting curricula and the bias of curricula in financial as opposed to managerial accounting.

When issued was raised in conferences my old friend and accounting historian Dick Vangermeersh (always blunt almost to a fault) would a loud outburst of one of the following two questions:

“Then why don’t corporations offer more entry-level jobs?” or

“Why don’t corporations offer more career-expanding jobs with training programs comparable to training programs comparable to training opportunities in CPA firms?”

Dick made good points, although I think corporations are doing a bit better today at the entry level and at the internship level.

There’s still little doubt in my mind in colleges that do offer either a financial accounting or a managerial accounting track, the overwhelming majority of top students choose the financial accounting track.

Fortunately there are some curriculum topics that go both ways so to speak. In the past decade, my students who really go turned on by studying derivative financial instruments in both finance and my accounting courses found great career opportunities in large corporations and the large CPA firms. But they had a skill set beyond what is normally considered “managerial accounting.”

I’ve always been impressed by the evolving topics in the first Managerial/Cost accounting textbooks. At the same time I’ve been almost completely turned off by the mish-mash of topics in the so-called Advanced Managerial Accounting textbooks.

There are several routes to follow for advanced managerial accounting:

One is a course that covers basic material but does it in a more advanced pedagogy using great cases such as those from the top case writing schools such as Harvard (especially the Kaplan-Cooper cases) and the other case sources such as those listed at http://aib.msu.edu/resources/casedepositories.asp The advantages of great cases is that they're no “optimal solutions” in great cases nicely based on the real world. This is evident in the sometimes poorly written teaching notes that accompany the cases. I used cases for years when teaching managerial and cost accounting. Some of these cases are quite challenging.

Another route is a practicum.project course where students make field visits to corporate accounting departments. Perhaps make them write their own cases and teaching notes.

Another route is a simulation/game course such as Mike’s Bikes ---
http://www.smartsims.com/
The author, Pete Mazany, is a cool guy, although he’s not an accountant, and the accounting content of this simulation is a bit limited. Students could well expand upon accounting issues.

Still another tack is to combine managerial topics with AIS topics with special focus on internal controls and custom report generation from relational database models. It would be great in this course to have some illustrations of custom reports actually generated by the managerial accountants at real-world corporations.

Another tack is to teach the accountics models of advanced accounting, limited as they may be to the real world. Kaplan’s original Advanced Managerial Textbook covered some of the older mathematical models.

Since you use the Parker Bros. Monopoly Game in your basic course David, you might extend this game to where students have to manage housing rentals and make decisions regarding setting rent levels, cash flow analysis, maintenance costs, insurance costs, taxes, and maybe even some clever ABC costs.

You might note that I summarize your use of the Monopoly Game at http://www.trinity.edu/rjensen/000aaa/thetools.htm#Monopoly
Also see http://www.trinity.edu/rjensen/000aaa/thetools.htm#Edutainment

Bob Jensen

March 22, 2008 reply from Priscilla Reis [reispris@ISU.EDU]

We've chosen to teach "Management Control Systems" as our advanced managerial course and use Simons' Performance Measurement & Control Systems for Implementing Strategy: Text and Cases. (Yes, it's long overdue for a revision and Simons' has revised his "Levers of Control" model but the text still works well, particularly with supplemental cases.) This makes a wonderful capstone course as it combines management accounting with strategy, organizational behavior and structure, marketing, information systems, and finance.

Priscilla

Priscilla R. Reis, Ph.D., CMA
Department of Accounting College of Business
Idaho State University
Box 8020 Pocatello, ID 83209
reispris@isu.edu

March 24, 2008 reply from David Fordham, James Madison University [fordhadr@JMU.EDU]

Quote: "Accounting professors might be expected to disagree with the general premise of an article CFO.com published yesterday on Wednesday namely that colleges prepare students more to work at public accounting firms than in corporate finance and accounting departments. But actually they agree, at least in part." -----

As a famous actor once said, "Yeah, so what's the problem?"

I'm surprised that no one has pointed out that this is a vivid illustration of simple theoretical economics working at its very best. This is the epitome of the stereotypical "golden rule" -- whoever gives out gold gets to make the rules.

My guess would be that the Big Four, *individually*, not only hire more students, but give more money, than all the corporate constituents of accounting schools combined. They are on campus more, let students see them more, and participate in education more, than all the corporate constituents combined. So why shouldn't they be more influential?

When I started in academe, the list of companies recruiting our accounting majors included industries like insurance (State Farm, Geico, Allstate), publishing (Gannett, ), Hospitality (Marriott), entertainment (Disney), manufacturing (Merck, Reynolds, Xerox, Seimens) I could go on and on. But compared to the accounting firms, they gave no scholarships, no fellowships, did not sponsor refreshments after Beta Alpha Psi and IMA student chapter meetings, endowed no professorships, would not allow alums to come back to campus for either recruiting purposes or guest speaker positions, did not accept invitations to serve on advisory boards, when they did accept they were always too busy to attend or participate, and otherwise they did not seem to care whether we existed or not. To be sure, our IMA chapter won national awards (we placed or won the case competition four years in a row), and we had numerous professors (including myself) who came from industry accounting backgrounds and touted the virtues of corporate accounting careers. But it became a hard sell to students because the industry people never made it seem like education was a priority for them. They came to campus to interview, and that was it. Period, End of Story.

In contrast, the public accounting firms, even the tiny ones, treat education like the incubator for their talent. They invest time, effort, attention, and money into the programs, devote effort to supporting education, and in general act like "partners" in the education process.

It's hard to push corporate accounting to an advisory board (and generous donor base) when it is made up 95% of public accountants who want more students, more "training" for students, and more public accounting emphasis for students. And it's hard to push corporate accounting to students when the salaries are lower, the perks aren't sold well, and the enthusiasm is lacking from the recruiters. Given the "we can't afford time off to come to campus" excuses they give our student organization leaders, it appears to the students that industry accountants have a tougher life with less flexibility. The dean listens to the donors, and industry donors are noticeably absent from accounting school foundation funding compared to public firms. (Although we don't hesitate to buck the dean, we do choose our battles, and it's hard to go to battle for someone who doesn't give you any support.)

Most public accounting firms send reps to campus that are all smiles, all happy, and overall excellent marketers, and stand in stark contrast to the industry accountants' somber expressions. I can see where accounting students might tend to value public accounting over industry as an entry-level job.

Over time, the industry recruiters have disappeared, for many reasons.

Even the government (DoD, FBI, DoJ, Secret Service, Treasury, GAO, etc.) spends a lot of time on campus and sponsors a lot of student events and does a great job schmoozing students, compared to industry.

I agree that not all students want public accounting, but I also agree that industry is doing a poor job of selling the industry-accounting positions, compared to the CPA firms. If industry/corporate recruiters want more students, they should let students see them more, see them in an attractive light, and support education closer to the level of the public firms. IF our executive advisory board were to call for more cost accounting, more industry-oriented managerial topics, etc., we would indeed listen. But no one is asking for those things, because they aren't here. Instead, the people who are here are calling for forensic accounting, assurance services, risk management, more auditing, more systems, and more tax. Like I said, we listen.

It's almost as though corporate accounting recruiters had never heard the phrase, "the squeaky wheel gets the grease."

Again, this is just a case of good old-fashioned freshman economics are work. That, plus marketing, publicity, and rational decisionmaking on the part of students.

One penny this time.

David Fordham
PBGH Faculty Fellow (yes PBGH is a public accounting firm... we couldn't find any industry willing to sponsor fellowships, whereas eight local firms have stepped up to the plate)
James Madison University

AccountingWeb invites professors to submit questions for a Weekly AccountingWeb Quiz ---
http://www.accountingweb.com/cgi-bin/item.cgi?id=104117

AccountingWEB is pleased to announce its weekly accounting quiz, now appearing in the Student Zone area of the AccountingWEB site. Just click Student Zone at the left of any AccountingWEB page (or click the Student Zone link at the bottom of this story) to access the weekly quiz and to be eligible for great prizes!

Accounting professors from across the country are participating in Test Your Knowledge, submitting their favorite quiz questions to see if they can stump the AccountingWEB audience. Each Monday, a new quiz will appear. The winners from the previous week will be announced in each Tuesday's Weekly Business Bite, a free news wire to which you can subscribe.

The top ten winners each week will receive AccountingWEB t-shirts. In the event that more than 10 participants get all the questions correct, a drawing will be held among the winners to select the 10 t-shirt recipients.

Only one entry is allowed per person, per quiz, however you can enter the new quiz each week, even if you are a winner of a previous quiz.

So dust off your accounting rules and enter this week's quiz TODAY!

Note that AccountingWeb now has a "Student Zone" at http://www.accountingweb.com/news/student_channel.html
There's also a "Lecture Hall" at http://www.accountingweb.com/lecture_hall/index.html
A useful set of accounting links is provided at http://www.accountingweb.com/links/index.html
I added these to my bookmarks at http://www.trinity.edu/rjensen/Bookbob1.htm

Jensen Comment
Accounting instructors may want to add some of these questions to their test banks. Or they may want their students to take these weekly quizzes as part of a course (possibly only for non-credit practice and fun).

Recently I added some of my old theory exam questions and problems (heavy on FAS 133 and IAS 39) under "Exam Material" at http://www.cs.trinity.edu/~rjensen/Calgary/CD/
Most of my questions and problems are probably too specialized for an AccountingWeb Quiz. But they may help advanced students learn more about theory.

Scribd Wants to Become the YouTube for Documents --- http://www.scribd.com/categories
It has a long way to go, although it now has over 350,000 archived documents --- http://en.wikipedia.org/wiki/Scribd
There are many tutorials such as those in basic accounting.

Borrowing a page from the popular video-sharing site YouTube, a new online service lets people upload and share their papers or entire books via a social-network interface. But will a format that works for videos translate to documents?

It’s called iPaper, and it uses a Flash-based document reader that can be embedded into a Web page. The experience of reading neatly formatted text inside a fixed box feels a bit like using an old microfilm reader, except that you can search the documents or e-mail them to friends.

The company behind the technology, Scribd, also offers a library of iPaper documents and invites users to set up an account to post their own written works. And, just like on YouTube, users can comment about each document, give it a rating, and view related works.

Also like on YouTube, some of the most popular items in the collection are on the lighter side. One document that is in the top 10 “most viewed” is called “It seems this essay was written while the guy was high, hilarious!” It is a seven-page paper that appears to have been written for a college course but is full of salty language. The document includes the written comments of the professor who graded it, and it ends with a handwritten note: “please see after class to discuss your paper.”

There’s plenty of serious material on the site, too — like the Iraq Study Group Report and an Educause report about the future of technology at colleges.

Bob Jensen's threads on free online documents are at http://www.trinity.edu/rjensen/ElectronicLiterature.htm

Bob Jensen's threads on general education tutorials are at http://www.trinity.edu/rjensen/Bookbob2.htm#EducationResearch

The Fall 2007 Edition of Accounting Education News (AEN from the American Accounting Association) ---
http://aaahq.org/pubs/AEN/2007/Fall2007.pdf

Two important things to note:

In his first President's Message, Gary Previts mentions the Plumlee report on the dire shortage of accountancy doctoral students and provides a link to the AAA's new site providing resources for research and experimentation on "Future Accounting Faculty and Programs Projects" --- http://aaahq.org/temp/phd/index.cfm
Note especially the Accounting PhD Program Info link with a picture) and the PhD Project link (at the bottom):

Welcome to the preliminary posting of a new resource for the community participating in and supporting accounting programs, students, faculty, and by that connection practitioners of accounting. We plan to build this collection of resources for the broad community committed to a vital future for accounting education. This page is an initial step to creating a place where we can come together to gather resources and share data and ideas.

Making A Difference: Careers in Academia
Powerpoint slides created by Nancy Bagranoff and Stephanie Bryant for the 2007 Beta Alpha Psi Annual Meeting. Permission granted for use and adaptation with attribution.
Accounting PhD Program Info

New Research Projects by the AAA on the Trends and Characteristics of Accounting Faculty, Students, Curriculum, and Programs

Part I: Future of Accounting Faculty Project (Report December, 2007)
Part II: Future of Accounting Programs Project

Part I will describe today's accounting academic workforce, via demographics, work patterns, productivity, and career progression of accounting faculty, as well as of faculty in selected peer disciplines using data from the national survey of postsecondary faculty (NSOPF) to establish trends, and a set of measures will be combined to benchmark the overall status of accounting against (approximately) 150 fields. This project will provide context and data to identify factors affecting the pipeline and workplace.

Part II will focus on expanding understanding of the characteristics of accounting faculty, students, and accounting programs, and implications of their evolving environment. The need for the Part I project illustrates how essential it is for the discipline and profession of accounting that we establish a more standard and comprehensive process for collecting, analyzing, and reporting data about accounting students, doctoral students, faculty, curriculum, and programs.

More Resources on the Changing Environment for Faculty:

The Reshaping of America's Academic Workforce
David W. Leslie, TIAA-CREF Institute Fellow
The College of William and Mary
TIAA Institute Research Dialogue Series, 2007

Jim Hasselback's* 2007 Analysis of Accounting Faculty Birthdates
*Copyrighted – requests for use to J. R. Hasselback

Among U.S. Accounting Academics -- 53.4% are 55 or older

From the Integrated Postsecondary Education System (IPEDS)

34.8% of all full-time faculty in the U.S. are non-tenure-track -- nearly 2 in 5 of all full-time appointments

Between 1993 and 2003 the proportion of all new full-time hires into "off-track" appointments increased each year from 50% to nearly 3 in 5 (58.6%)

Reported in J. Schuster & M. Finkelstein (Fall, 2006). "On the Brink: Assessing the Status of the American Faculty," Thought & Action 51-62.

Supply and Demand for Accounting PhDs

American Accounting Association PhD Supply/Demand Resource Page
A collection of resources, links, and reports related to the pipeline of future Accounting faculty. Highlights include:

Report of the AAA/APLG Committee to Assess the Supply and Demand of Accounting PhDs

Link to the Doctoral Education Resource Center of AACSB International (Association to Advance Collegiate Schools of Business)

AICPA's Journal of Accountancy's article "Teaching for the Love of It"

Deloitte Foundation Accounting Doctoral Student Survey

Survey Results (Summer, 2007)
Data collected by survey of attendees of the 2007 AAA/Deloitte J. Michael Cook Doctoral Consortium

The PhD Project and Accounting Doctoral Students Association

The PhD Project is an information clearinghouse created to increase the diversity of business school faculty by attracting African Americans, Hispanic Americans and Native Americans to business doctoral programs and by providing a network of peer support. In just 12 short years, the PhD Project has been the catalyst for a dramatic increase in the number of minority business school faculty—from 294 to 842, with approximately 380 more candidates currently immersed in doctoral studies.

The PhD Project Accounting Doctoral Students Association is a voluntary association offering moral support and encouragement to African-American, Hispanic-American, and Native American Accounting Doctoral Students as their pursue their degrees and take their places in the teaching and research profession, and serve as mentors to new doctoral students.

PhD Project Surveys of Students, Professors, and Deans
Results of a survey among students to understand the impact of minority professors on minority and non-minority students.

Accounting Firms Supporting the AAA and Accounting Programs, Faculty, and Students

Deloitte Foundation

Ernst & Young Foundation

Grant Thornton

KPMG Foundation

PricewaterhouseCoopers Foundation

Related Organizations Sharing Interest in Accounting Faculty and Programs

AACSB International – Association to Advance Collegiate Schools of Business

ACBSP – Association of Collegiate Business Schools and Programs

American Institute of Certified Public Accountants

Association of Government Accountants

Financial Executives International

Institute of Internal Auditors

Institute of Management Accountants

TACTYC - Teachers of Accounting in Two-Year Colleges

The PhD Project

Topics for American Accounting Association Regional and National Meetings

October 21, 2008 message from Dennis, David K [DDennis@OTTERBEIN.EDU]

Paul, Bob, Jagdish, et.al:

I am working on an expanded, and hopefully nontraditional list of topics for the call for papers (also panels, cases, presentations, essays) for the Ohio Regional AAA meeting next May.

I would like to hear from you and the other AECM list servers out there. What would you like to see on the list?

Let me suggest a few in order to prime the pump.

Productivity in Accounting Research Significant Learning in Accounting Education Accounting as Infrastructure Accountants as Infrastucture Cultural Infusion of Transcendental Accounting Values, e.g. Accountability, Transparency, Faithful Representation, Relevance, etc. Valuation Mechanisms, Scale and Type Relevance of Accounting Research to Accounting Practice (or lack of) What Accounting Research Should Do In Order to Address the Critical Issues of Humankind Economic Alternatives to Neoclassical Economic Based Research Paths Numeristic and Scientistic Dominance of Accounting Research Involvement Avoidance: The Antipathy of Accounting Professionals & Professors Absence of Accounting Thought, Values and Guidelines in Everyday Decision Making Continuous Accounting, Auditing and Reporting Alternate Financial Statements: Concept & Example Future Models of the Audit Function, the Audit Profession

David Dennis
Otterbein College

October 22, 2008 reply from Bob Jensen

Hi David,

There are various topic ideas at http://www.trinity.edu/rjensen/000aaa/thetools.htm

One of the biggest problems we’ve always had in accountancy higher education is the image of accountancy in K-12 programs. Unless they have parents linked to accountancy, most incoming first year students do not rank accountancy high on the list of prospective majors. They often change their minds when they major in business and take the first required accounting courses were instructors demonstrate career opportunities in accountancy, especially in glamour fields like working for the FBI.

But we lose many top students who do not track into business studies, particularly science and engineering students. We don’t necessarily want to steal a lot of students from science and engineering, but it would be advantageous to create a better image of accountancy at the K-12 levels.

Professor Dan Deines at Kansas State University has a handful of Outstanding Educator Awards, including one from the AICPA. Beginning on Page 5 of the Fall 2007 edition of Accounting Education News . Dan discusses the Taylor Research and Consulting Group study of accounting education commissioned by the AICPA in 2002. The study identifies barriers to students that prevent many top students from majoring in accounting. Dan then describes a pilot program initiated by KSU in reaction to the Taylor Report. I think accounting educators outside KSU may attend some of the pilot program events. In any case, this would be an interesting topic area for both the regional and national AAA meetings. Dan would be a great speaker for such events.

Bob Jensen

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

Bob Jensen's threads on the shortage of doctoral students in accountancy can be found at
http://www.trinity.edu/rjensen/theory01.htm#DoctoralPrograms

The Massachusetts Institute of Technology is making freely available to high-school students and teachers a collection of material in science, technology, engineering, and mathematics. The material is available on a new Web site, an offshoot of its popular OpenCourseWare effort to put lecture notes and other information about every course online.
The Chronicle of Higher Education --- http://chronicle.com/wiredcampus/article/2573/mit-offers-learning-materials-to-high-schools
Jensen Comment
It's a shame that the Sloan School at MIT has not yet made accounting and business materials available for high schools. The bookkeeping, clerical, and boring-drudge portrayal of accountants in the nation's high schools is viewed as one of the most serious problems of the accountancy profession. In this MIT offshoot of OCW, the Sloan School could do a lot to help Dan Deines, the AICPA, and the AAA --- See the Taylor Report summary on Page 5 of
http://aaahq.org/pubs/AEN/2007/Fall2007.pdf

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

Bob Jensen's threads on the MIT OCW/OKI project making course materials available for over 1,500 college-level courses are at http://www.trinity.edu/rjensen/000aaa/updateee.htm#OKI

International Accounting

International Standards from the IASB (formerly IASC) --- http://www.iasb.org/Home.htm

U.S. Standards from the FASB (Free Downloads) --- http://www.fasb.org/public/
FASB homepage --- http://www.fasb.org/

Management Accounting Standards from the IMA (Free Downloads) --- http://www.imanet.org/publications_statements.asp#C
IMA homepage --- http://www.imanet.org/

For international accounting material, I would begin with the Deloitte international accounting blog (Paul Pacter Webmaster) called IAS Plus at http://www.iasplus.com/index.htm

In particular note the Publications and Resources links.
Note the checklists at http://www.iasplus.com/fs/fs.htm
Compare IFRS with US and other nation GAAP rules --- http://www.iasplus.com/country/compare.htm

Search for “International Accounting ” in the Exact phrase search box and “Syllabus” in the upper All the words search box at http://www.google.com/advanced_search?hl=en
Alternately you may enter “International Accounting” AND “Syllabus” in one of the boxes.
Examine the many syllabi that are linked.

Search for “International Accounting ” in the Exact phrase search box and “PowerPoint” in the upper All the words search box at http://www.google.com/advanced_search?hl=en
Alternately you may enter “International Accounting” AND “PowerPoint” in one of the boxes.
Examine the many PowerPoint files that are available online.

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/

Association of International Accountants --- http://www.aia.org.uk/

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

Tom Selling's blog The Accounting Onion (great on theory and practice) --- http://accountingonion.typepad.com/

Advice to students planning to take standardized tests such as the SAT, GRE, GMAT, LSAT, TOEFL, etc.
See Test Magic at http://www.testmagic.com/
There is a forum here where students interested in doctoral programs in business (e.g., accounting and finance) and economics discuss the ins and outs of doctoral programs.

Links to Bob Jensen's Workshop Documents on Education and Learning
Bob Jensen's Education and Learning Bookmarks	Bookmarks
The Shocking Future of Education	First File Second File
E-Learning and Distance Education's Top (Award-Winning) Illustrations	Detail File
Bob Jensen's Threads on Cross-Border (Transnational) Training and Education (Includes helpers for finding online training and education courses, certificate programs, and degree Programs)	Detail File
Alternatives and Tricks/Tools of the Trade (Including Edutainment and Learning Games) (Includes aids for the handicapped, disabled, and learning challenged)	First File Second File
The Dark Side of the 21st Century: Concerns About Technologies in Education	Detail File
Assessment Issues, Case Studies, and Research	Detail File
History and Future of Course Authoring Technologies	Detail File
Knowledge Portals and Vortals	Detail File
Bob Jensen's Advice to New Faculty (and Resources)	Detail File
Bob Jensen's Threads on Electronic Books	Detail File
Threads of Online Program Costs and Faculty Compensation	Detail File
Bob Jensen's Helper Videos and Tutorials	Detail File
Jensen and Sandlin Book entitled *Electronic Teaching and Learning: Trends in Adapting to Hypertext, Hypermedia, and Networks in Higher Education* (both the 1994 and 1997 Updated Versions)	Old Book
Some Earlier Papers Working Paper 265 on Metacognition Metacognitive Concerns in Designs and Evaluations of Computer Aided Education and Training: Are We Misleading Ourselves About Measures of Success? http://www.trinity.edu/rjensen/265wp.htm Working Paper 255 on Asynchronous Learning Networks Using Asynchronous Network Courses to Bridge Gaps in the Teeth of a University Curriculum With Imported Gold: Bridgework May Be Optimally Effective Only by Incurring High Labor Expenses http://www.trinity.edu/rjensen/255wp.htm
Additional Links and Threads	Threads

Bob Jensen's letter to Kate http://www.trinity.edu/rjensen/2007NotableLiteratureAward.htm

An Analysis of the Contributions of The Accounting Review Across 80 Years: 1926-2005 --- http://www.trinity.edu/rjensen/395wpTAR/Web/TAR395wp.htm
Co-authored with Jean Heck and forthcoming in the December 2007 edition of the Accounting Historians Journal.

I sent out an "Appeal" for accounting educators, researchers, and practitioners to actively support what I call The Accounting Review (TAR) Diversity Initiative as initiated by last year's American Accounting Association President Judy Rayburn --- http://www.trinity.edu/rjensen/395wpTAR/Web/TAR.htm

Privatization, Commercialization, Media Rankings, and Other Problems of Higher Education,
Including Selling Out Education Quality to Athletic Spectaculars ---
http://www.trinity.edu/rjensen/HigherEdControversies.htm

PwC's Website for College and University Faculty --- Click Here

Accounting Professional Site Links
The CPA Team http://www.cpateam.com/

An E-ssential Site --- http://www.el.com/
CPAs, financial analysts, small business owners, and tax professionals not only can find links to many Web sites in their fields here, but also can use Essential Link’s home page to access online calculators, clocks, e-mail services, encyclopedias and dictionaries. Users can find links to online news, newspaper and television network Web sites in the Headlines area, as well as links to Internet search engines..

Bob Jensen's bookmarks for accounting educators --- http://www.trinity.edu/rjensen/Bookbob1.htm

Bob Jensen's Archives of New Bookmarks --- http://www.trinity.edu/rjensen/Bookurl.htm

Bob Jensen's Tidbits Blog --- http://www.trinity.edu/rjensen/TidbitsDirectory.htm

Bob Jensen's Updates on Fraud --- http://www.trinity.edu/rjensen/FraudUpdates.htm

Links to Documents on Fraud --- http://www.trinity.edu/rjensen/Fraud.htm

Bob Jensen's search helpers are at http://www.trinity.edu/rjensen/searchh.htm

Bob Jensen's Bookmarks --- http://www.trinity.edu/rjensen/bookbob.htm

Bob Jensen's Bookmarks --- http://www.trinity.edu/rjensen/bookbob.htm

Bob Jensen's links to free electronic literature, including free online textbooks --- http://www.trinity.edu/rjensen/ElectronicLiterature.htm

Bob Jensen's links to free online video, music, and other audio --- http://www.trinity.edu/rjensen/Music.htm

Bob Jensen's documents on accounting theory are at http://www.trinity.edu/rjensen/theory.htm

Bob Jensen's links to free course materials from major universities --- http://www.trinity.edu/rjensen/000aaa/updateee.htm#OKI

Bob Jensen's links to online education and training alternatives around the world --- http://www.trinity.edu/rjensen/Crossborder.htm

Bob Jensen's links to electronic business, including computing and networking security, are at http://www.trinity.edu/rjensen/ecommerce.htm

Bob Jensen's links to education technology and controversies --- http://www.trinity.edu/rjensen/000aaa/0000start.htm

Links to Bob Jensen's Workshop Documents on Education and Learning
Bob Jensen's Education and Learning Bookmarks
Bookmarks

The Shocking Future of Education

First File

Second File

E-Learning and Distance Education's Top
(Award-Winning) Illustrations
Detail File

Bob Jensen's Threads on Cross-Border (Transnational) Training and Education
(Includes helpers for finding online training and education courses, certificate programs, and degree Programs) Detail File

Alternatives and Tricks/Tools of the Trade
     (Including Edutainment and Learning Games)
     (Includes aids for the handicapped, disabled, and learning challenged)
First File
Second File

The Dark Side of the 21st Century: Concerns About Technologies in Education
Detail File

Assessment Issues, Case Studies, and Research Detail File

History and Future of Course Authoring Technologies Detail File

Knowledge Portals and Vortals Detail File

Bob Jensen's Advice to New Faculty (and Resources) Detail File

Bob Jensen's Threads on Electronic Books Detail File

Threads of Online Program Costs and Faculty Compensation Detail File

Bob Jensen's Helper Videos and Tutorials Detail File

Jensen and Sandlin Book entitled Electronic Teaching and Learning: Trends in Adapting to Hypertext, Hypermedia, and Networks in Higher Education
(both the 1994 and 1997 Updated Versions) Old Book

Some Earlier Papers

Working Paper 265 on Metacognition
Metacognitive Concerns in Designs and Evaluations of Computer Aided Education and Training:
Are We Misleading Ourselves About Measures of Success?
http://www.trinity.edu/rjensen/265wp.htm

Working Paper 255 on Asynchronous Learning Networks
Using Asynchronous Network Courses to Bridge Gaps in the
Teeth of a University Curriculum With Imported Gold: Bridgework
May Be Optimally Effective Only by Incurring High Labor Expenses
http://www.trinity.edu/rjensen/255wp.htm

Additional Links and Threads Threads

Great Minds in Management: The Process of Theory Development --- http://www.trinity.edu/rjensen//theory/00overview/GreatMinds.htm

Corporate Reports Now Searchable Via EDGAR --- http://www.sec.gov/edgar/searchedgar/webusers.htm

Bob Jensen's search helpers are at http://www.trinity.edu/rjensen/searchh.htm

Bob Jensen's video, Excel, and related tutorials are linked at http://www.trinity.edu/rjensen/HelpersVideos.htm

Bob Jensen's tutorials, cases, and other helpers on accounting for derivative financial instruments and hedging activities are at http://www.trinity.edu/rjensen/caseans/000index.htm

Click here for commercialization corruption of higher education --- http://www.trinity.edu/rjensen/book05q3.htm#EducationCommercialization

Click here for business school ranking controversies --- http://www.trinity.edu/rjensen/book05q3.htm#BusinessSchoolRankings

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

Some years back Professor Sharon Lightner (UC at San Diego) put together a really interesting online course for students, practitioners, and accounting standard setters in six different countries where the classes met synchronously.
"An Innovative Online International Accounting Course on Six Campuses Around the World" --- http://www.trinity.edu/rjensen/255light.htm

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

I highly recommend TheFinanceProfessor (an absolutely fabulous and totally free newsletter from a very smart finance professor, Jim Mahar from St. Bonaventure University) --- http://www.financeprofessor.com/
Jim's great blog is at http://financeprofessorblog.blogspot.com/

David Stout is not only a good friend, he is a highly respected former editor of Issues in Accounting Education. He not only produced some of the best editions of that journal, he took a stand (albeit a futile stand) that I think is essential for respect in accounting research. He actually stood for publication of replications of accounting research, which runs counter to virtually all top research journals in accounting. You can read a December 5, 2002 message from David Stout on this important issue at http://www.trinity.edu/rjensen/book02q4.htm#truth

Bob Jensen's threads on Academics Versus the Accounting Profession (including the first tee shot by Denny Beresford) are at http://www.trinity.edu/rjensen//theory/00overview/theory01.htm#AcademicsVersusProfession

Threads on the American Accounting Executive Committee Ill-Fated Decision to Cease Publication
of Accounting Horizons and Issues in Accounting Education --- http://www.trinity.edu/rjensen/AAAjournals.htm

"Converting Quicken Files to a Mac," by Walter S. Mossberg, The Wall Street Journal, March 9, 2006; Page B3 --- http://online.wsj.com/article/SB114185773296892994.html?mod=todays_us_marketplace

Q: I am thinking of converting to an Apple machine, to replace my ancient Dell. However, all my financial records are in the Windows version of Quicken, and I need to keep using Quicken to have access to many years of records. I recall you writing earlier that Quicken was one of the products that didn't convert well to a Macintosh environment. Do you still feel that would be the case?

A: There is a Macintosh version of Quicken. However, unlike most other software publishers, Intuit, the maker of Quicken, chose to create a Macintosh edition that is very different from its Windows product and uses a different file format. It is possible to convert Windows Quicken files to work on the Mac version, and some readers have reported it went well. But many more have reported problems with the process, which is very time-consuming and can be error-prone. Therefore, I regard Quicken on the Mac as best for somebody who is starting fresh with financial software, and can't recommend it for somebody like you, who is converting from the Windows version.

As an alternative, you could keep around your old Windows PC for using Quicken. Or, you could try a program called Moneydance (www.moneydance.com), which has compatible versions for both Windows and Mac, claims to be completely portable between platforms and claims to import Quicken data with ease. I haven't tested Moneydance and can't verify these claims, or say how it compares with Quicken. But there's a free trial available.

Q: You suggested running anti-spyware and anti-virus scans nightly. Is there some way to arrange these to run automatically?

A: Yes. Most such programs have a built-in scheduler where you can specify a frequency and a time of day -- say, every day at 4 a.m.

Q: I transfer my home videos from a camcorder and burn them into CDs in the VCD format. My problem is that the video quality deteriorates significantly. The movie looks like an old home video. How do I improve the quality?

A: It's difficult because of the format you are using. The VCD format was designed to squeeze large video files, which would normally require the capacity of a DVD disk, into the much smaller space available on a CD. To accomplish this, the format encodes the video at much lower quality than DVDs typically use. As a result, home videos on VCDs can look much worse than they do on camcorder tapes, or than they would if you burned them to DVD, in the format common on DVDs. So, if video quality is important to you, the best suggestion I have is to buy a DVD burner.

Documents on Fraud and the Accounting Scandals
Issues in the accounting, finance, and business scandals --- http://www.trinity.edu/rjensen/fraud.htm Scandal Updates --- http://www.trinity.edu/rjensen/FraudUpdates.htm What's Right and What's Wrong With SPEs, SPVs, and VIEs --- http://www.trinity.edu/rjensen//theory/00overview/speOverview.htm Bob Jensen's Summary of Suggested Reforms --- http://www.trinity.edu/rjensen/FraudProposedReforms.htm Bob Jensen's Enron Quiz (and answers) --- http://www.trinity.edu/rjensen/FraudEnronQuiz.htm Revenue Accounting Controversies --- http://www.trinity.edu/rjensen/ecommerce/eitf01.htm Electronic Business Controversies --- http://www.trinity.edu/rjensen/ecommerce/000start.htm Bob Jensen's Bottom Line Commentary --- http://www.trinity.edu/rjensen/FraudConclusion.htm The Virginia Tech Overview: What Can We Learn From Enron? --- http://www.trinity.edu/rjensen/fraudVirginia.htm Fraud References --- http://www.trinity.edu/rjensen/fraud.htm#References Fraudulent Dealer Tricks: An Interactive DHTML Illustration --- http://www.trinity.edu/rjensen/FraudDealerTricks.htm This includes a summary of ten unethical tricks of the trade by automobile dealers. Selected Scandals in the Largest Remaining Public Accounting Firms --- http://www.trinity.edu/rjensen/fraud.htm#others Bob Jensen's threads on professionalism and independence are at http://www.trinity.edu/rjensen/fraud.htm#Professionalism Bob Jensen's threads on pro forma frauds are at http://www.trinity.edu/rjensen//theory/00overview/theory01.htm#ProForma Bob Jensen's threads on accounting theory are at http://www.trinity.edu/rjensen/theory.htm

Those Daring Professors and Their Technology Machines (This is history from the very early days)

Bob Jensen's threads on ethics and accounting education are at
http://www.trinity.edu/rjensen/FraudProposedReforms.htm#AccountingEducation

The Saga of Auditor Professionalism and Independence ---
http://www.trinity.edu/rjensen/fraud001.htm#Professionalism

Incompetent and Corrupt Audits are Routine ---
http://www.trinity.edu/rjensen/FraudConclusion.htm#IncompetentAudits

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

Future of Auditing --- http://www.trinity.edu/rjensen/FraudConclusion.htm#FutureOfAuditing

Accountancy Online Discussion Forums:

AECM (Educators) http://pacioli.loyola.edu/aecm/
AECM is an email, Listserv list which provides a forum for discussions of all hardware and software which can be useful in any way for accounting education at the college/university level. Hardware includes all platforms and peripherals. Software includes spreadsheets, practice sets, multimedia authoring and presentation packages, data base programs, tax packages, World Wide Web applications, etc

CPAS-L (Practitioners) http://pacioli.loyola.edu/cpas-l/
CPAS-L provides a forum for discussions of all aspects of the practice of accounting. It provides an unmoderated environment where issues, questions, comments, ideas, etc. related to accounting can be freely discussed. Members are welcome to take an active role by posting to CPAS-L or an inactive role by just monitoring the list. You qualify for a free subscription if you are either a CPA or a professional accountant in public accounting, private industry, government or education. Others will be denied access.

Yahoo (Practitioners) http://groups.yahoo.com/group/xyztalk
This forum is for CPAs to discuss the activities of the AICPA. This can be anything from the CPA2BIZ portal to the XYZ initiative or anything else that relates to the AICPA.

AccountantsWorld http://accountantsworld.com/forums/default.asp?scope=1
This site hosts various discussion groups on such topics as accounting software, consulting, financial planning, fixed assets, payroll, human resources, profit on the Internet, and taxation.

Business Valuation Group BusValGroup-subscribe@topica.com
This discussion group is headed by Randy Schostag [RSchostag@BUSVALGROUP.COM]

Documents on Fraud and the Accounting Scandals

Issues in the accounting, finance, and business scandals --- http://www.trinity.edu/rjensen/fraud.htm

Scandal Updates --- http://www.trinity.edu/rjensen/FraudUpdates.htm

What's Right and What's Wrong With SPEs, SPVs, and VIEs --- http://www.trinity.edu/rjensen//theory/00overview/speOverview.htm

Bob Jensen's Summary of Suggested Reforms --- http://www.trinity.edu/rjensen/FraudProposedReforms.htm

Bob Jensen's Enron Quiz (and answers) ---
http://www.trinity.edu/rjensen/FraudEnronQuiz.htm

Revenue Accounting Controversies --- http://www.trinity.edu/rjensen/ecommerce/eitf01.htm

Electronic Business Controversies --- http://www.trinity.edu/rjensen/ecommerce/000start.htm

Bob Jensen's Bottom Line Commentary --- http://www.trinity.edu/rjensen/FraudConclusion.htm

The Virginia Tech Overview: What Can We Learn From Enron? --- http://www.trinity.edu/rjensen/fraudVirginia.htm

Fraud References --- http://www.trinity.edu/rjensen/fraud.htm#References

Fraudulent Dealer Tricks: An Interactive DHTML Illustration --- http://www.trinity.edu/rjensen/FraudDealerTricks.htm
This includes a summary of ten unethical tricks of the trade by automobile dealers.

Selected Scandals in the Largest Remaining Public Accounting Firms --- http://www.trinity.edu/rjensen/fraud.htm#others

Bob Jensen's threads on professionalism and independence are at http://www.trinity.edu/rjensen/fraud.htm#Professionalism

Bob Jensen's threads on pro forma frauds are at http://www.trinity.edu/rjensen//theory/00overview/theory01.htm#ProForma

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

Bob Jensen's helpers on accounting for derivative financial instruments and hedging activities --- http://www.trinity.edu/rjensen/caseans/000index.htm

Comparisons of International IAS Versus FASB Standards --- http://www.deloitte.com/dtt/cda/doc/content/pocketiasus.pdf

Video Tutorials on Accounting for Derivative Financial Instruments and Hedging Activities per FAS 133 in the U.S. and IAS 39 internationally --- http://www.cs.trinity.edu/~rjensen/video/acct5341/fas133/WindowsMedia/

Video Tutorial: Introduction to Accounting for Derivatives and Hedging ---
000FAS133introduction.wmv

Video Tutorial: Overview of Bob Jensen's Helper Documents on Derivatives and Hedging ---
010FAS133Helpers.wmv

Video Tutorial: Two Cases on Accounting for Options and Intrinsic vs. Time Value Accounting ---
015FAS133options.wmv

Video Tutorial: Two Cases on Accounting for Futures Contracts ---
020FAS133futures.wmv

Video Tutorial: Accounting for Interest Rate Swap Hedges and Valuation of Swaps ---
030FAS133InterestRateSwapAccounting.wmv

Basic accounting students At BYU have great success learning accounting from special videos --- http://www.accountingcds.com/index.html

Contact Information:
Cameron Earl 801-836-5649 cameronearl@byu.edu
Norm Nemrow 801-422-3029 nemrow@byu.edu

Also see David Cottrell's approach at BYU --- http://www.business.uconn.edu/users/adunbar/AAA-CPE/AAA2003Cottrell.pdf

I'm sharing some old (well relatively old) accounting theory quiz and exam material that I added to a folder at http://www.cs.trinity.edu/~rjensen/Calgary/CD/

Bob Jensen's Education Technology PowerPoint Files (in development) and Video Samplings --- http://www.cs.trinity.edu/~rjensen/EdTech/

Update message on November 3, 2005

Bob has posted our new website in an earlier post, but the new URL to our new website describing our accounting tools is www.accountingcds.com

We have a demo of VSP (the technology that speeds up the video and audio) technology here: http://www.accountingcds.com/learn/links/vspdemo.htm

Cameron Earl

BYU

Advanced Video Technology
Amy Dunbar developed the following links for all participants in her workshop in Hawaii . She also gave me permission to share it with readers of New Bookmarks. Thanks to Amy and her other team members for sharing their presentation materials.
Using Technology to Distribute Course Content On and Off Campus AAA Annual Meeting - 2003
Continuing Education Workshop --- http://www.business.uconn.edu/users/adunbar/AAA-CPE/agenda.htm

Bob Jensen's threads and videos, including a video on how to develop your own course materials using the cheap and easy Camtasia Studio software can be found at http://www.trinity.edu/rjensen/HelpersVideos.htm

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/

September 25, 2003 message from editor jda [editor.jda@gmx.de]

Dear Professor Bob Jensen,

The Journal of Deivatives Accounting (JDA) is preparing to publish its first issue and I would be grateful if you could post the following announcement on your web site.

Regards

Mamouda

Dear Colleagues,

There is a new addition to accounting research Journals. The Journal of Derivatives Accounting (JDA) is an international quarterly publication which provides authoritative accounting and finance literature on issues of financial innovations such as derivatives and their implications to accounting, finance, tax, standards setting, and corporate practices. This refereed journal disseminates research results and serves as a means of communication among academics, standard setters, practitioners, and market participants.

The first and special issue of the JDA, to appear in the Winter of 2003, will be dedicated to:

"Stock Options: Developments in Share-Based Compensation (Accounting, Standards, Tax and Corporate Practice)"

This special issue will consider papers dealing with:

* Analysis of applicable national and international accounting standards * Convergence between IASB and FASB * Accounting treatment (Expensing) * Valuation * Corporate and market practice * Design of stock options * Analysis of the structure of stock options contracts * Executives pay incentives and performance * Taxation * Management and Corporate Governance

For more details on how to submit your work to the journal, please visit http://www.worldscinet.com/jda.html

Sincerely,
The Editorial Board Journal of Derivatives Accounting (JDA)

Ernst & Young educational Webcasts --- http://webcast.ey.com/thoughtcenter/interfaces/ey2/pages/description.asp?action=help

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

Bob Jensen's helpers for small businesses and small accounting firms (including expert witness links) --- http://www.trinity.edu/rjensen/bookbob1.htm#SmallBusiness

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

December 12, 2003 message from Tracey Sutherland [return@aaahq.org]

THE EDUCATIONAL COMPETENCY ASSESSMENT (ECA) WEB SITE IS LIVE! http://www.aicpa-eca.org

The AICPA provides this resource to help educators integrate the skills-based competencies needed by entry-level accounting professionals. These competencies, defined within the AICPA Core Competency Framework Project, have been derived from academic and professional competency models and have been widely endorsed within the academic community. Created by educators for educators, the evaluation and educational strategies resources on this site are offered for your use and adaptation.

The ECA site contains a LIBRARY that, in addition to the Core Competency Database and Education Strategies, provides information and guidance on Evaluating Competency Coverage and Assessing Student Performance.

To assist you as you assess student performance and evaluate competency coverage in your courses and programs, the ECA ORGANIZERS guide you through the process of gathering, compiling and analyzing evidence and data so that you may document your activities and progress in addressing the AICPA Core Competencies.

The ECA site can be accessed through the Educator's page of aicpa.org, or at the URL listed above.

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

Corporate Annual Reports --- http://www.reportgallery.com/

The PowerPoint slides from Bill Kinney's tearful presentation in Plenary Session 3 on August 17, 2002 at the American Accounting Association Annual Meetings in San Antonio are now available at http://www.trinity.edu/rjensen/000aaa/AAAaward_files/kinney8-17-02AAA.ppt

Although Bill's presentation focused upon one of the three "winning" proposals for curriculum revision, his introduction centered on the accounting, auditing, and corporate governance scandals. I especially recommend the buildup to Slide 5 --- that buildup was outstanding.

As soon as I can find the time (which may not be soon given my present workload), I will put some audio of highlights of this year's AAA Annual Meetings at my Website, including the audio of our treasured Bill Kinney.

The "student group" he refers to dates back to olden and golden days when Bill was one of my doctoral students. See http://www.trinity.edu/rjensen/000aaa/AAAaward_files/AAAaward02.htm

Bob Jensen

-----Original Message-----
From: William.Kinney@bus.utexas.edu [mailto:William.Kinney@bus.utexas.edu]
Sent: Monday, August 19, 2002 12:52 PM
To: Jensen, Robert Subject: AAA meeting

Bob,

It was great to see you in SAT and to watch you receive the Outstanding Educator Award. That was a well-deserved honor -- as a group we have not yet realized the potential in what you have been saying. It was also wonderful to be mentioned as part of the student group -- thanks.

Attached are my PPt slides from the talk on Saturday. I hope that they will be useful.

Bill

State of Accountancy in the Year 2002: My Lectures for Germany (Augsburg and Rothenburg) in June --- http://www.trinity.edu/rjensen/FraudConclusion.htm

I have placed a draft of my forthcoming lectures this month in Germany. Some may find some value in these and many will find issues to dispute. I would love to hear about any suggestions for improvements. My email address is rjensen@trinity.edu

Bob Jensen's threads on competency-based education and training are at http://www.trinity.edu/rjensen/competency.htm

"Visualization of Multidimensional Data" --- http://www.trinity.edu/rjensen/352wpVisual/000DataVisualization.htm

Accounting Tricks and Creative Accounting Schemes Intended to Mislead Investors, Creditors, and Employees --- http://www.trinity.edu/rjensen//theory/00overview/AccountingTricks.htm

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.

Two Letters to Senator Schumer and Parts of a Spring 2002 Examination on Accounting for ESOs

On March 25, 2002, Walter P. Schuetze, former Chief Accountant of the Securities and Exchange Commission, wrote Senator Schumer a letter that leaves no doubt that he opposes booking of employee stock options when they vest. That letter is now on the Web at http://www.trinity.edu/rjensen/theory/sfas123/schuetze01.htm

I wrote a draft reply in order to point out some opposing arguments. My reply is on the Web at http://www.trinity.edu/rjensen/theory/sfas123/jensen01.htm

Mr. Schuetze is a friend, and my arguments in the above letter are academic. Nothing personal in any way is intended.

Educators and students may also be interested in the short case that I wrote in the form of three appendices to the letter. Appendix A deals with the dilution controversy of failing to book employee stock options (ESOs). Appendix B deals with the "free goods" theory of failing to book ESOs.

Appendix C deals with the sad state of tax accounting for overly-generous ESO tax benefits. Appendix C links to parts of actually an examination that I gave in an accounting theory course in Spring Semester 2002.

For added background reading, I have added some other papers/lectures by Walter Schuetze as follows:

Letter to Senator Charles E. Schumer
http://www.trinity.edu/rjensen/theory/sfas123/schuetze01.htm

(Wanted: Accounting that Investors, Members of Congress, and My Sister Can Understand)
http://www.trinity.edu/rjensen/theory/sfas123/schuetze02.htm

2001 RJ Chambers Research Lecture
http://www.trinity.edu/rjensen/theory/sfas123/schuetze03.htm

Once again, my reply to Walter Schuetze and my Spring 2002 part of an accounting theory examination are all linked at at http://www.trinity.edu/rjensen/theory/sfas123/jensen01.htm

Bob Jensen's Accounting Threads

Updates on Accounting Education Technology

Tutorials on eCommerce, eBusiness, and eEducation

Bob Jensen's Threads on Accounting, Business, Economic, and Related History
http://www.trinity.edu/rjensen/history.htm

Threads on Accounting for Derivative Financial Instruments
http://www.trinity.edu/rjensen/caseans/000index.htm

The Saga of Auditor Professionalism and Auditor Independence
http://www.trinity.edu/rjensen/fraud.htm#Professionalism

Bob Jensen's Threads on Accounting Fraud, Forensic Accounting, Securities Fraud, and White Collar Crime http://www.trinity.edu/rjensen/fraud.htm

What's Right and What's Wrong With Special Purpose Entities (SPEs) http://www.trinity.edu/rjensen//theory/00overview/speOverview.htm

Bob Jensen's Threads on Accounting Theory
http://www.trinity.edu/rjensen/theory.htm

Bob Jensen's Threads on Return on Business Valuation, Business Combinations,
Investment (ROI), and Pro Forma Financial Reporting
http://www.trinity.edu/rjensen/roi.htm

Threads on Fees and Choosing Accountants, Financial Advisors, and Consultants
Helpers for Choosing a Financial Advisor & Personal Finance Helpers

Accountancy and Business Bookmarks

FAS 133 Threads (including audio links to experts)

Accounting Theory

Pro Forma Financial Reporting Controversies

Accounting Information Systems

I created a timeline of major happenings (on a timeline) leading up to the eXtensible Business Reporting Language (XBRL) and On Line Analytical Process (OLAP) systems. Overviews of XML, VoiceXML, XLink, XHTML, XBRL, XForm, XSLT, RDF and the Semantic Web are also provided --- http://www.trinity.edu/rjensen/xmlrdf.htm

Enterprise Resource Planning (ERP) Education Modules

Bob Jensens AIS Course

Assignments

Helpers

Accounting Fraud, Forensic Accounting, Securities Fraud, and White Collar Crime
The Enron Scandal on Creative Accounting--- http://www.trinity.edu/rjensen/fraud.htm

What's Right and What's Wrong With Special Purpose Entities (SPEs)
http://www.trinity.edu/rjensen//theory/00overview/speOverview.htm

Opportunities of E-Business Assurance: Risks in Assuring Risk

A Special Section on Computer and Networking Security

Threads on Firewalls

Bob Jensen's Technology Glossary

Computers in Accounting: Past, Present, and Future

Bob Jensen's Threads on the Decline in Accounting Majors in U.S. Colleges

CPA --- Career Passed Away

Glossaries: Accounting, Business, Finance, and Technologies

Bob Jensen's Threads on Real Options, Option Pricing Theory, and Arbitrage Pricing Theory

Bob Jensen's Threads on Return on Business Valuation, Business Combinations,
Investment (ROI), and Pro Forma Financial Reporting

Threads on e-Commerce and e-Business (eCommerce, eBusiness)

Threads on Webledger Systems for Networked Accounting and Business Services

Data Mining

Threads from Daring Professors

Accounting Theory Threads

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

Bob Jensen's video files --- http://www.trinity.edu/rjensen/HelpersVideosSummary.htm

Accompanying documentation can be found at http://www.trinity.edu/rjensen/default1.htm and http://www.trinity.edu/rjensen/HelpersVideos.htm

Other helpers for accounting educators --- http://www.trinity.edu/rjensen/default3.htm

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

In an August 15, 2001 controversial address to the American Accounting Association, current AAA President Joel Demski lamented the fall of accounting education (I think he meant business education in general) from scholarship, joy, and an academic curriculum. In particular, he blasted the current textbooks and publishers, public accounting firms, accounting educators, administrators, and the tendency for scholarship and curricula to become niched into specialty topics with failing cross-communications between those specialties such as tax accounting , capital markets studies, NFP accounting, managerial accounting, AIS, etc. In particular he laments the way accounting curricula have evolved to meet the career interests of public accounting firm employers and the virtual failing of the five-year, 150-credit, requirements to sit for the CPA examination. At the end of his address to the membership, Joel announced a curriculum-design competition.

You can both read and listen to Joel Demski's August 15 address to the AAA membership at http://www.cs.trinity.edu/~rjensen/001aaa/atlanta01.htm

XBRL Networking --- http://xbrlnetwork.ning.com/

From EDGAR Online
FREE access to the latest ANNUAL REPORTS and PROSPECTUSES from hundreds of publicly traded companies and funds.

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

Bookmarks for Educators --- http://www.trinity.edu/rjensen/bookbob.htm

Tutorials

Bob Jensen's Video Tutorials and Other Helpers --- http://www.trinity.edu/rjensen/HelpersVideosSummary.htm
(Includes video tutorials on Camtasia, MS Access, MS Excel, Managerial Accounting, and Accounting Theory)

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

Bob Jensen's video helpers for MS Excel, MS Access, and other helper videos are at http://www.cs.trinity.edu/~rjensen/video/
Accompanying documentation can be found at http://www.trinity.edu/rjensen/default1.htm and http://www.trinity.edu/rjensen/HelpersVideos.htm

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

I have generated some video aids for my students using Camtasia. Camtasia is fantastic for showing and explaining something technical such as the application of software or the explanation of homework problems and illustrations in accounting. Camtasia will capture successions of screen changes and cursor movements on your computer screen. Camtasia will also capture your voice explanations as you go along. It will also make audio sounds when you click on the mouse or type on the keyboard. You may highlight cursor movements for the video. You can also dub audio, pictures, and video clips into a video that you captured at an earlier point in time.

For my video tutorial on Camtasia, go to http://www.trinity.edu/rjensen/HelpersVideos.htm

Since the Camtasia reader and the compression codec files for playing Camtasia avi files were not installed on any of the Trinity University lab computers, I was worried that my students could not see and hear the video helpers that I created. Then I discovered that the Camtasia Producer that accompanies the Camtasia recorder will convert the captured avi files into RealMedia (rm) files. The benefits of converting the avi files to rm files include the following:

The rm files can be played on any computer that can play RealMedia files, which includes all lab and classroom computers at Trinity University.

The rm files are smaller than the avi files (about 25% to 60% smaller depending upon file size).

I have placed a Camtasia avi file and a RealMedia file at http://www.cs.trinity.edu/~rjensen/camtasiaSample/
Unless you have installed the Camtasia reader, you probably will prefer to download the RealMedia version of this sample video capture of Exercise 03-07 of the Perry and Schneider book on Accounting Information Systems.

Be patient when downloading the above files. The avi version is 29 Mb and the RealMedia version is 14.7 Mb.

Camtasia from TechSmith is described at http://www.techsmith.com/

Also see the following article praising the pedagogy of Camtasia:

      "A Hassle-free and Inexpensive Way to 'Videotape' Class Lectures," by Rene Leo E. Ordonez,
      EDUCAUSE Review, September/October 2001, pp. 14-15 --- http://www.educause.edu/pub/er/erm.html

Free Audio and Presentation Files of Three Days of Workshops on Education Technologies ---
http://www.trinity.edu/rjensen/000aaa/CPEshows/CPEmenu.htm

Bob Jensen's Recent CPE/CEP Technology Workshops at the American Accounting Association Annual Meetings

During the past decade, I have organized at least one all-day technology in education workshop at each of the American Accounting Association annual meetings. In the early years, these were not videotaped. The past three workshops were videotaped. Both the presentation materials and the MP3 audio files of the various speakers can be downloaded from the following links:

San Antonio on August 13, 2002
CPE/CEP Workshop Number 1 --- http://www.cs.trinity.edu/~rjensen/002cpe/02start.htm

Free audio and presentation files of the following speakers:
http://www.cs.trinity.edu/~rjensen/002cpe/02start.htm

Dennis Beresford, University of Georgia

Amy Dunbar, University of Connecticut

Nancy Keeshan, the Global MBA and Cross-Continent MBA Programs of Duke University

Susan Spencer, San Antonio College

Bob Jensen, Trinity University

Atlanta on August 11, 2001
CPE/CEP Workshop Number 1 --- http://www.cs.trinity.edu/~rjensen/001cpe/01start.htm

Free audio and presentation files of the following speakers:
http://www.cs.trinity.edu/~rjensen/001cpe/01start.htm

Don Carter, Chartered Accountancy (CA) School of Business

Michael T. Kirschenheiter, Columbia University

Robert Walsh, Prentice-Hall and Marist College

A team of faculty from UNext

Bob Jensen, Trinity University

Philadelphia on August 12, 2000
CPE/CEP Workshop Number 1 --- http://www.cs.trinity.edu/~rjensen/000cpe/00start.htm

Free audio and presentation files of the following speakers:
http://www.cs.trinity.edu/~rjensen/000cpe/00start.htm

Charles Hickman, AACSB and Quisic (formerly University Access)

Michael T. Kirschenheiter, Columbia University

Anthony H. Catanach, Villanova University

Dan N. Stone, University of Illinois

Bob Jensen, Trinity University

Globalization Strategic Alliances Roundtable (GSAR), Berlin, Germany, June 22, 2001 --- http://www.cs.trinity.edu/~rjensen/GSAR2001/000start.htm
Instructions: Click on the speaker's name to hear an MP3 recording.
                     Click on "Text" to read an outline of that speaker's prepared remarks.

Denny Beresford's Terry Breakfast Lecture
Subtitle: Does Accounting Still Matter in the "New Economy"

Every accounting educator and practitioner should read Professor Beresford's Lecture at http://www.trinity.edu/rjensen/beresford01.htm

Accounting for Derivative Financial Instruments and Hedging Activities

The Excel spreadsheet analyses of Examples 1-10 in FAS 133 have now been placed back online for public downloading. They have such file names as 133ex01a, 133ex02a, etc. The file listing of these files and other files is available at http://www.cs.trinity.edu/~rjensen/

My KPMG workshop cases for FAS 133 and 138 are available in the 0000KPMG folder at http://www.cs.trinity.edu/~rjensen/

I have some shorter cases that I used as FAS 133 examination cases in Spring 2001. These cases are all contained in the file named quiz0107a.xls at http://www.cs.trinity.edu/~rjensen/

Summary page http://www.cs.trinity.edu/~rjensen/13300tut.htm

Introduction to FAS 133 and Other Cases --- http://www.trinity.edu/rjensen/caseans/000index.htm

Introduction to FAS 138 --- http://www.cs.trinity.edu/~rjensen/000overview/mp3/138intro.htm

Glossary for FAS 133, FAS 138, and IAS 39 --- http://www.trinity.edu/rjensen/acct5341/speakers/133glosf.htm

Draft 1 on my introductory lecture notes on Accounting Theory --- http://www.trinity.edu/rjensen/acct5341/theory.htm

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

You can download (for free) nearly six hours of MP3 audio and the PowerPoint presentation slides of one of the best education technology workshops that I ever organized. This was the pre-convention workshop that I organized for the American Accounting Association, August 12, 2000 in Philadelphia. The speakers, topics, and download instructions are given at http://www.cs.trinity.edu/~rjensen/000cpe/00start.htm

Workshop Title
Innovative Learning Programs for Accounting and Business: the Ivy League Goes Online, the Sloan Foundation Experiments in Asynchronous Learning, and Experiments in Self-Learning at Major Universities Using the BAM Pedagogy

Bob Jensen's Threads on Accounting, Technology, and Education http://www.trinity.edu/rjensen/threads.htm

Five of my ACCT 5342 students wrote a tutorial on how to set up and use a NetLedger online general ledger system. You can download this tutorial.   Although they claimed it was sometimes slow, the bottom line conclusion seems to be that NetLedger is a good general ledger product. They make some comparisons of NetLedger with QuickBooks and Peachtree.

I have also placed the DOC version up on another server:

PDF Version of NetLedger Tutorial: http://www.trinity.edu/rjensen/acct5342/projects/NetLedger.pdf

DOC Version of NetLedger Tutorial: http://www.cs.trinity.edu/~rjensen/projects/

Threads on Return on Investment (ROI) in the e-Commerce and e-Business Era --- http://www.trinity.edu/rjensen/roi.htm

I have a draft paper entitled "The Theory of Interest Rate Swap Overhedging" at http://www.trinity.edu/rjensen/315wp/315wp.htm
This is a very rough start on developing this theory. I would appreciate any feedback you can give on this paper.

I have a rough draft commentary on the new FAS 138 amendments to FAS 133 on Accounting for Derivative Financial Instruments and Hedging Activities. My FAS 138 commentary is at http://www.cs.trinity.edu/~rjensen/000overview/mp3/138intro.htm

The older link to my FAS 133 introduction (with audio clips from experts) is at http://www.cs.trinity.edu/~rjensen/000overview/mp3/133intro.htm

I have also updated my FAS 133 Glossary for some of the FAS 138 amendments. In particular, note the terms "Benchmark Interest" and "Foreign Currency Hedge" at http://www.trinity.edu/rjensen/acct5341/speakers/133glosf.htm

I am sharing the first draft of Working Paper 288 entitled Overhedging Foreign Currencies With a Swap: The FAS 133 Controversy. At this point the HTML version is merely a pasting of one spreadsheet from the 288wp.xls Excel workbook. I suggest that interested readers download the Excel workbook. You can obtain download information from http://www.cs.trinity.edu/~rjensen/288wp.htm

I would really appreciate feedback on this case. I went out on a limb and need more assurance that I am on the right track in this controversy.

I am sharing the first draft of Working Paper 287 entitled Underhedging Foreign Currencies With a Swap: The FAS 133 Controversy. At this point the HTML version is merely a pasting of one spreadsheet from the 288wp.xls Excel workbook. I suggest that interested readers download the Excel workbook. You can obtain download information from http://www.cs.trinity.edu/~rjensen/287wp.htm

I would really appreciate feedback on this case. I went out on a limb and need more assurance that I am on the right track in this controversy.

To aid you in finding threaded messages on various topics, I have created a new document of links called "Bob Jensen's Threads." Give it a try at http://www.trinity.edu/rjensen/threads.htm

I have started to thread documents about costs of developing online courses and education programs. This paper includes issues of faculty compensation and ownership of content --- http://www.trinity.edu/rjensen/distcost.htm

Why was there a decline number in U.S. accounting majors declined by 23% between 1995 and 1999? Bob Jensen's Threads on the Decline in U.S. Accounting Majors http://www.trinity.edu/rjensen/majors.htm

With a little help from my friends, I learned some new things about PDF files this week. You can read my comments and the threaded messages at http://www.trinity.edu/rjensen/acrobat.htm

I illustrate how it is quite easy to convert a HTML document into a PDF document (an almost perfect conversion) versus converting a PDF document back into a HTML document ( a less-than-perfect conversion).

I thread Richard Campbell's message about how to secure an online PDF document such that nobody can copy any part of the document or print any part of the document (other than to capture portions of pages as graphics files). It is also possible to secure an online PDF document such that it cannot be converted into HTML using Adobe's conversion program.

I provide update threads on Adobe's new and frustrating PDF search engine that appears to be outsourced to Altavista. Craig Polhemus mentions some alternative PDF search engines being considered by the American Accounting Association.

Once again those threads are at http://www.trinity.edu/rjensen/acrobat.htm

I wrote a new introduction to FAS 133 and IAS 39 on Accounting for Derivative Financial Instruments and Hedging Activities.   It includes audio clips from experts.
See http://www.cs.trinity.edu/~rjensen/000overview/mp3/133intro.htm

You may also find cases and other links at http://www.trinity.edu/rjensen/caseans/000index.htm

I updated my threaded messaging of XML, ~~XFRML~~ XBRL, XForm, and RDF standards that will become the most important networking standards of the 21st Century. What is XBRL and why will it change the business reporting world in the 21st Century? The answers are given at http://www.trinity.edu/rjensen/xmlrdf.htm

I was asked to evaluate a distributed education future document for Organization XXXX. I have placed a copy of my off-the-wall review at http://www.trinity.edu/rjensen/futurenet.htm

The Napster/Gnutella paradigm shift in networking technology is so important to the world that I would like to see continued dialog from other friends and acquaintances on this real paradigm shift taking place in front of our eyes and ears. The founder of Netscape, Mark Andreessen, states the following:

It's a big deal," said Andreessen, who met with Gnutella developers last week and quickly became an admirer. "It will be a way for businesses to expose what they want people to find more easily."

For my threads on this paradigm shift, go to http://www.trinity.edu/rjensen/napster.htm

The American Accounting Association asked by to provide some advice to new faculty regarding educational technologies. That document also contains my Letter to the Editor of The Wall Street Journal. Our essay and my letter can be found at http://www.trinity.edu/rjensen/000aaa/newfaculty.htm

I have written a futuristic letter and pasted up the many response messages about auditor independence and the pending breakup or reorganization of CPA firms. The web address of my Career Passed Away document is at http://www.trinity.edu/rjensen/cpaaway.htm

Dr. Hubbard and I are sending to the FASB as part of our comment on the FASB's Exposure Draft No. 207-A entitled Accounting for Certain Derivative Instruments and Certain Hedging Activities: an amendment of FASB Statement No. 133 --- http://www.rutgers.edu/Accounting/raw/fasb/draft/amend133_ED.pdf

We hope that the FASB will include our proposed calculation corrections in the table on Page 75 of FAS 133 and add our proposed explanation of the yield curve derivations to the FASB's Amendments to FAS 133.

The Hubbard and Jensen paper can be downloaded as follows:

Working Paper 305: Some Corrections and Explanations of Example 5 in FAS 133
The HTML version is at http://www.trinity.edu/rjensen/caseans/133ex05.htm

The revised spreadsheet is at http://www.trinity.edu/rjensen/caseans/133ex05a.xls

If you want to read more about the latest news on paradigm shifts in distance education and research at some of the most prestigious universities in the world, click on http://www.trinity.edu/rjensen/245prest.htm
This document will also give you directions on how to subscribe to a free journal called Academy Online.

I have an Excel spreadsheet embedded in an HTML document that illustrates how students can change the data in one or more cells and then see the outcomes change in other parts of the spreadsheet and graphs. The important thing is that they can do these dynamic changes in the web browser without downloading an Excel file and then having to run the file in Excel. They never have to leave the web browser. This is a new feature of Excel 2000. You can do the same thing with MS Access databases. It only takes about five minutes to learn how to do this. The illustration and instructions are at http://www.trinity.edu/rjensen/dhtml/excel01.htm.

I have four cases in hedging strategies and accounting via Eurodollar interest rate futures and options. There is also an older case involving a international copper movements and a copper price swap. The index to all these cases is at
http://www.trinity.edu/rjensen/acct5341/133cases/000index.htm

The case solutions are on a secret server. You must contact me privately for the case solutions: rjensen@trinity.edu

I chaired two conferences entitled "Implementing FAS 133: Accounting for Derivative Instruments and Hedging Activities" http://www.worldrg.com/FA981/ . The places, dates, and hotels were as follows:

Chicago (September 29-October 1 in the Hyatt Regency)
Washington DC (October 27-29 in the Key Bridge Marrott).

You can link to audio clips of some of the experts from the above organization by going to http://www.cs.trinity.edu/~rjensen/000overview/133suma.htm

You can find links to my FAS 133/IAS 39 Glossary and other documents at http://www.trinity.edu/rjensen/acct5341/speakers/133glosf.htm

I have some SFAS 133 documents on "Accounting for Derivative Instruments and Hedging Activities." Unfortunately my tutorials cannot be made available to the general public since they contain answers that I do not want my students to see. However, you may view the following documents:

Missing Parts of SFAS 133
These are some of the ones that I think are worth mentioning at the moment.
Tutorials on SFAS 133 Accounting for Derivative Instruments and Hedging Activities
For these free tutorials you must contact me privately for the "secret" entry point..
Instructors and practitioners may contact me privately for the link and password. Students may not have access to the tutorial answer files, although their instructors may contact me for the tutorials and answer files. Most of the tutorials are in Excel workbooks. My email address is rjensen@trinity.edu
Tutorials on Yield Curve and Forward Rate Derivations
For these free tutorials you must contact me privately for the "secret" entry point..
Instructors and practitioners may contact me privately for the link and password. Students may not have access to the tutorial answer files, although their instructors may contact me for the tutorials and answer files. The tutorial file is called yield.xls. Also see 133ex02.xls Sheet4 and 133ex05.xls Sheet4. My email address is rjensen@trinity.edu
Microsoft Excel has inconsistencies in formula inputs (especially financial function formula inputs) that are very confusing to students. A particular problem arises with knowing when and how to use array designators. I have a tutorial file called FUNCLONG.xls that shows what will work and what will not work for various types of functions. This file is available free to educators and practitioners. However, in order to keep the answers out of the hands of students, you must send me an email message requesting the secret link to this tutorial file. My email address is rjensen@trinity.edu

I should warn you that if you print the entire FUNCLONG.xls file, it dumps out nearly 100 pages. You are advised to select portions that you want to print if you want some print out.

Email Messages Regarding Enterprise Resource Planning (ERP) Education Modules (With a focus on SAP Education Modules in Accounting Information Systems Curricula)

Old Links

Two Cases Selected for Presentation and Publication in the AICPA Academic/Practioner Case Competition

I also converted the draft of two technology assurance services cases that I presented (with the help of my co-authors John Howland and Bruce Sidlinger) at the 1998 AICPA Accounting Educators Conference. The motivation for these cases was to highlight the dangers of CPA ventures into providing assurance services for computers and networking systems. The cases were written for my ACCT 5342 Accounting Information Systems students. I would appreciate feedback on this case from readers who venture to http://WWW.Trinity.edu/rjensen/acct5342/262wp/262case1.htm

You can now link to the solutions from the cases themselves. Also see Jensen, Howland, and Sidlinger solutions at http://www.aicpa.org/members/div/career/edu/caselist.htm#98 .
An Innovative Online International Accounting Course on Six Campuses Around the World
http://WWW.Trinity.edu/rjensen/255light.htm
Bob Jensen's Technology in Accounting Education Dog and Pony Shows
(Presented at over 300 colleges and universities around the world.)
http://www.trinity.edu/rjensen/resume.htm#Presentations
Old Survey of Technology Applications in Accountancy Education Inside the U.S.
http://www.trinity.edu/rjensen/survey1.htm
Old Survey of Technology Applications in Accountancy Education Outside the U.S.
http://www.trinity.edu/rjensen/survey2.htm
Old Survey of Publisher/Vendor Commercial Accounting Education Technology Products
http://www.trinity.edu/rjensen/245xp01.htm
Old Directories for Accounting Educators
http://www.trinity.edu/rjensen/survey1.htm#Directories
Why? Audio and Email Messages From Daring Educators
http://www.trinity.edu/rjensen/ideasmes.htm
Jensen and Sandlin Book entitled Electronic Teaching and Learning: Trends in Adapting to Hypertext, Hypermedia, and Networks in Higher Education
(both the 1994 and the Updated Versions)
http://www.trinity.edu/rjensen/245cont.htm
Old Checklist for Hypermedia Designs in Learning Materials
http://www.trinity.edu/rjensen/ideasmm.htm

A more updated source is at http://www.trinity.edu/rjensen/000aaa/newfaculty.htm

Shared Course Materials and Helpers in International Accounting Theories
http://WWW.Trinity.edu/rjensen/acct5341/index.htm

Top international accounting websites in general include the following:

Paul Pacter's great international accounting site at http://www.iasplus.com/

PriceWaterhouse Coopers' great international accounting resource site at http://www.pwcglobal.com/ch/eng/ins-sol/publ/abas/international.html

Paul Pacter's workshop dialog at http://www.trinity.edu/rjensen/acct5341/speakers/pacter.htm

Shared Course Materials and Helpers in Accounting Information Systems
http://WWW.Trinity.edu/rjensen/acct5342/index.htm
Accounting Information Systems Glossary
http://www.trinity.edu/rjensen/245gloss.htm
Click Here to View Working Paper 265 on Metacognition
Concerns in Designs and Evaluations of Computer Aided Education and Training:
Are We Misleading Ourselves About Measures of Success?
The above document focuses on the BAM pediagovy for Intermediate Accounting at the University of Virginia

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

Links to Bob Jensen's Workshop Documents on Education and Learning
The Shocking Future of Education	First File Second File
Bob Jensen's Threads on Cross-Border (Transnational) Training and Education (Includes helpers for finding online training and education courses, certificate programs, and degree Programs)	Detail File
Alternatives and Tricks/Tools of the Trade	First File Second File
The Dark Side of the 21st Century: Concerns About Technologies in Education	Detail File
Assessment Issues, Case Studies, and Research	Detail File
History and Future of Course Authoring Technologies	Detail File
Knowledge Portals and Vortals	Detail File
Bob Jensen's Advice to New Faculty (and Resources)	Detail File
Threads of Online Program Costs and Faculty Compensation	Detail File
Bob Jensen's Helper Videos and Tutorials	Detail File
Jensen and Sandlin Book entitled *Electronic Teaching and Learning: Trends in Adapting to Hypertext, Hypermedia, and Networks in Higher Education* (both the 1994 and 1997 Updated Versions)	Old Book
Some Earlier Papers Working Paper 265 on Metacognition Metacognitive Concerns in Designs and Evaluations of Computer Aided Education and Training: Are We Misleading Ourselves About Measures of Success? http://www.trinity.edu/rjensen/265wp.htm Working Paper 255 on Asynchronous Learning Networks Using Asynchronous Network Courses to Bridge Gaps in the Teeth of a University Curriculum With Imported Gold: Bridgework May Be Optimally Effective Only by Incurring High Labor Expenses http://www.trinity.edu/rjensen/255wp.htm
Additional Links and Threads	Threads

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Accounting Educator Helpers

"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

Saturday, April 05, 2008 --- http://financialrounds.blogspot.com/

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