When a firm suffers from a credit downgrade, will it be possible for the firm to record a large unrealized gain in its income? The answer is yes under the accounting standard SFAS No. 159 of the U.S. GAAP.
Related party transactions (hereafter RPTs) involve a transfer of resources, services, or obligations between a reporting entity and a related party (SFAS 57; IAS 24). Although not all RPTs are “bad," prior research documents that some RPTs reflect insider opportunism and are harmful to shareholders.
José R. Hernandez (MAcc '98) is quite involved with the School of Accounting and Finance being formerly part of the SAF Advisory Council, participating in our 2018 Valentine's story, and coming to the School as a guest speaker to talk about his experiences and book, Broken Business.
CBV, adding value to a degree and professional designation
Co-op work experience is key to developing career-ready skills and enhancing technical knowledge. But when the links between studies and curiosity takes you off the beaten path, it can be a good thing.
An elective, ambition, and a natural sense of curiosity has led many graduates from the Masters of Accounting (MAcc) program to discovering a meaningful career path in business valuations.