“U.S. GAAP is founded upon principles, that’s what the P is supposed to stand for.” – SEC Chief Accountant James Kroeker arguing at a Pace University IFRS discussion that GAAP is just as principles-based as IFRS.
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A Freakishly Good Memory Isn’t Necessary to Succeed in Public Accounting
- Caleb Newquist
- May 25, 2010
“I know that some people might not have the same kind of memory that I have, but if you have enough passion about wanting to help people and you’re willing to work hard, you’ll go very far in the world of public accounting.”
~ Steven M. Braunstein, President of Snyder Cohn
Accountants Still Don’t Have the Warm Fuzzies About the Economy
- Caleb Newquist
- August 13, 2010
“Uncertainty about the sustainability of the recovery continues to limit planned investment and hiring.”
~ Professor Mark Lang on the results of the AICPA/University of North Carolina’s Kenan-Flagler Business School survey of CPAs in leadership positions.
Why Would Someone Want to Buy a Sports Franchise?
- Caleb Newquist
- August 25, 2010
“Because of the way the value of sports franchises generally appreciates each year in the marketplace, each owner is in it for the holy grail, and that is to sell the team eventually when they realize very nice capital gains.”
~ Brian Beerman of Beerman, Piper & Associates LLP insists that championships are NBD.