Print Page   |   Your Cart   |   Sign In   |   Join
Success Leaves Clues: Exploring Next Practices of Extraordinary Firms 4173413A
View Registrations Tell a Friend About This EventTell a Friend
 

When a CEO was asked what keeps him up at night, his response was, Relevancy of our core products. In that case, The End of Accounting, by Professor Baruch Lev and Feng Gu, should contribute many sleepless nights to the entire accounting profession. The accounting model is suffering from what philosophers call a deteriorating paradigm-the theory gets increasingly complex to account for its lack of explanatory power.

4/24/2018
When: 11:00 AM to 1:00 PM
Where: Webinar/Webcast
United States
Presenter: Ronald Baker
Contact: April Deneault
801-466-11004


Online registration is closed.
« Go to Upcoming Event List  

Curriculums:   Management Marketing and Practice Development

NASBA Credit Category:  Communications and Marketing

CPE Hours:  2

Description

When a CEO was asked what keeps him up at night, his response was, "Relevancy of our core products." In that case, The End of Accounting, by Professor Baruch Lev and Feng Gu, should contribute many sleepless nights to the entire accounting profession. The accounting model is suffering from what philosophers call a deteriorating paradigm—the theory gets increasingly complex to account for its lack of explanatory power.

Generally accepted accounting principles (GAAP) fits an industrial enterprise, not an intellectual one. Despite this, a majority of the developed world’s wealth resides in human capital; the type of capital not found in traditional GAAP financial statements. The End of Accounting finds that today's financial reports provide a trifling five to six percent of the information relevant to, and used by, investors. Learn more about this topic and what can be done.

Materials are provided as an ebook for this course.



Major Subjects

  • Why accounting is suffering from a deteriorating paradigm.
  • Accounting is not a theory and therefore cannot deal with value in the future.
  • The Strategic Resources & Consequences Report as a supplement to traditional financial statements.
  • If The End of Accounting applies to public companies, does it apply to private companies?

Objectives

  • Determine how accounting lost relevance.
  • Identify why is relevance lost.
  • Determine what can be done.
  • Identify implementation.

Level:  Overview

Designed For

Any CPA interested in the future of accounting and how financial reporting could better serve investors and other stakeholders in organizations

Advanced Prep:

None.

Prerequisite

None.

Membership Management Software Powered by YourMembership  ::  Legal