acct305s08

by Christine Ghio

In addition to causing much angst among real estate professionals and those looking to sell their homes, the recent mortgage fallout has greatly affected the nation’s top banks. In response, bankers have turned to the nation’s accountants and have urged the Securities Exchange Commission to reconsider various regulations surrounding asset valuation. This podcast will take a closer look at the bankers’ criticism of current valuation requirements as laid out by FASB and alternative strategies for valuation and risk/liquidity management. acct-305-podcast-project-2.m4v

by Katherine Snell

Identity theft is the fastest growing crime in the United States. Thousands of Americans are finding themselves victims of identity theft every year. Tax-related identity fraud cases are especially increasing, resulting in the delay or complete denial of tax refunds for many people. Identity Theft

by Suhani Sanghvi

AWARD WINNER - Special Topic Category

Over the past few years, a growing number of jurisdictions require public companies to use IFRS rather than US GAAP. In today’s increasingly international business environment, American CPAs are frequently encountering IFRS as they assist in cross-border transactions. Fortunately, the standard setters for U.S. GAAP and IFRS are engaged in a convergence process designed to make the two sets of standards compatible. Increasingly, businesses see a significant portion of their future growth in the international arena and are looking for CPAs who can help enhance that growth. This podcast will provide you an insight into some of the major differences between the two accounting systems and the future of this most probable convergence.

ifrs-vs-us-gaap-4.m4v

By: Patrick Thompson

Award Nominee

At first glance, accounting appears to be a structured, uniform discipline. However, when analyzing how accounting has developed in different countries and economies, it becomes evident that there is more in play that simply fact-based rules. A country’s history and culture greatly affect how an accounting structure is formed and operates in an economy. The following podcast will attempt to highlight how these accounting systems are affected by culture by analyzing two major economies: United States and Japanese economies. And hopefully, this demonstration will give insight to the challenges that lay before the global accounting world and their push to universalize accounting standards world-wide.

Culture’s Influence on Accounting

by Lauren Pryor

AWARD WINNER - Current Events

The notion of environmental accounting has existed for years, but recently many business schools and corporations have officially embraced the idea of “green” accounting. By taking into consideration environmental costs and impacts, managerial accountants can provide more accurate and comprehensive information to managers for decision making purposes. This podcast addresses the rationale behind environmental management accounting, the way the system works, and the potential benefits of implementation.

Green Management Accounting

by Ahren Freund

For my Special Topic Podcast I chose to examine the process for becoming a CPA with special attention to Virginia’s requirements. Within the Podcast, I will include information about the test (sections, format, etc.), credit hour requirements for VA and scoring/pass rate information. In conclusion I will discuss the surge in demand for accountants and some of the recruiting tactics employed by accounting firms today, especially in the Washington D.C. metropolitan area. By examining this topic, I hope to convey the possibilities available to those interested in majoring in Accounting and also to shed some light on the CPA exam for those interested in pursuing their CPA.

CPA Exam Info and Requirements in Virginia by Ahren Freund

by Ryan Wentling

Award Nominee

Jerome Kerviel was a junior trader at Societe Generale, France’s second largest bank. This quiet man bet $74 billion on European stock market indexes, which was 50% more than the company was worth. In the midst of a market plunge, Societe Generale sold the shares at a loss of $7.2 billion. Kerviel, for the time being, will be known as the architect of the largest trading scandal ever. I will discuss this scandal’s relation to accounting, including tax, auditing, and financial reporting.

France’

by Elissa Yorgey

Award Nominee

The subprime mortgage crisis is affecting many people across many areas of the economy, especially consumers, realtors, and banks that offer mortgages. Find out how these entities deal with accounting issues that surface due to refinancing mortgages. Also gain an understanding of how accounting standards and rules may be changed in the future as a result of these issues.

costacctmortage.m4v