By Jessie Wolfe
Many people do not understand the aspect of networking. Therefore, this podcast entails the what, where, when, why, who, and how of the networking process. It also addresses how knowing some simple networking tips can allow a person to really expand his or her career horizon.
By Mariano Harari
Very often the average investor is fooled into believing something a source like the Wall Street Journal says. However, as students of accounting at the University of Richmond, we have learned to make our own interpretations of what is really going on. A perfect example of this can be illustrated by analyzing an article published on the WSJ about a month ago regarding General Motors and their catastrophic losses last year. From simply reading the article, we are influenced to believe that General Motors did terrible last year. Even though they were in the red, they were not nearly as bad as the article made them out to be. What the author had missed is that General Motors has turned 38 billion dollars of deferred taxes into an allowance account, which caused an immediate loss that year. As we know from studying deferred taxes, this is not nearly as alarming as if the 38 billion loss had come from operational activities. Therefore, this example of General Motors provides a perfect illustration of a current event that is being misinterpreted by the average investor, while ,we as students of the University of Richmond, are able to truly see what is going on.
By: Maggie Lubbers
Award Nominee
This podcast gives a three step process regarding how to market your accounting major when seeking a non-accounting internship or job. While the targeted audience is students who are not planning to work in public accounting, the information contained in the podcast is applicable to all accounting majors. Through this podcast you will learn how to use your accounting degree to your benefit in the interview process.
by Jessica Lofgren
Contained in my podcast are some suggestions about how to prepare yourself for a successful interview and how to behave while you are actually at your interview.
Preparing for an Interview
by Jordan McGhee
Award Nominee
Activity-Based Costing is the process of assigning an organization’s costs through activities to the products and services provided. This podcast gives an example of how a company goes about assigning costs of activities to the products it provides.
by Ted Mangan
This Podcast gives a detailed description of Cost-Volume-Profit Analysis. It addresses how to calculate the break even point for both single and multiple product analysis. It also covers the risk and uncertainty that is involved in these calculations and analysis.
by Catherine Lofland
Award Nominee
Goods are typically transferred through many different processes before being becoming finished goods. In a process costing system, the units in ending work in process inventory are obviously not complete, and the units that were in beginning work in process inventory only needed a certain amount of productive effort before they were finished. To account for these units, we need to find “equivalent units of production,” which are essentially the total number of complete units that could have been manufactured given the amount of productive effort expended during the period. In this podcast I will walk you through the computation of equivalent units of production using both the FIFO and Weighted Average methods.
by Jimmy Long
This podcast describes the method for accounting for overhead in a Job Order System. In a Job Order System actual overhead costs are not tracked to jobs individually. This podcast teaches you how overhead is allocated using a predetermined rate and how to account for differences between applied and actual overhead amounts. Another issue covered is problems with using a predetermined rate and how it can be adjusted to be more accurate. All this is taught in a step by step example of overhead allocation.
by Colleen Muldoon
This podcast compares and contrasts the three cost allocation methods - direct, sequential, and reciprocal. An example exploring cost allocation in a furniture manufacturing problem gives an in-depth look into the pros and cons of using each of the three techniques.
by Sarah Beth Dunaway
In today’s business world, there is a strong demand for more Certified Public Accountants (CPA’s). The process of obtaining CPA licensure is difficult and time consuming, but in the benefits far outweigh the costs. This podcast takes an in depth look in to the CPA exam, its history, what it means, why it is important and how to take it.