GROUPON’S STRUGGLE WITH REVENUE RECOGNITION

By Claire Steiner Revenue is arguably one of the single most important items reported on a company’s financial statement. It is one of the key factors that investors look at before making decisions about whether to invest in one company or another. This is especially true in the social media and technology space, where valuations […]

EDUCATION TAX PLANNING

By Sarvar Muratov The federal government offers several tax incentives to help pay for higher education. These benefits can be divided into three groups: tax credits, tax deductions, and tax savings plans. This article will focus on the most common credits and deductions. Before we examine the details, let’s review some tax definitions, forms, and […]

TAX IMPLICATIONS OF SAME-SEX MARRIAGE

By Allison Turner As states begin to pass marriage equality legislation and the Supreme Court prepares to make a decision on the constitutionality of the Defense of Marriage Act (DOMA), same-sex couples, and accountants alike, need to be aware of the tax implications and complications that same-sex marriage creates. While there is some debate as […]

REPORTING FOR GOVERNMENT PENSIONS

By Heather Drake Over the past several years, the public has focused increased attention on the accounting and reporting for employee pensions provided for state and local  governments.  Critics argued that government financial statements, prepared according to standards established by the Government Accounting Standards Board (GASB), did not clearly communicate the size of government pension […]

ACCOUNTING FOR CAP AND TRADE

By Andrew Yeoman Beginning this year, the state of California has mandated the distribution and sale of carbon pollution credits to the state’s largest industries, with the hope that a market-based system can stem air pollution from carbon dioxide and other greenhouse gases. The European Union and some Canadian provinces have already started emissions trading […]

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TAXES FOR NONRESIDENT ALIENS

By Amber Schultz An estimated 11.7 million undocumented immigrants are currently living in the United States.1 Some of them crossed borders illegally while others originally entered the country on legal grounds and stayed beyond their allowed time frame. Regardless of how they came here, there are particular tax laws that now pertain to these millions […]

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PROPOSED LEASING STANDARDS: BETTER OR WORSE?

By Heather Drake Financial statement users have long been dissatisfied with lease accounting standards. Their main criticism is that the bright-line criteria currently used to distinguish capital leases from operating leases encourage lease structuring to keep lease liabilities from appearing on the balance sheet. Users have to carefully examine the notes and adjust statement numbers […]

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LIFESTYLE: BOOK REVIEW “NEVER EAT ALONE”

By Megan Huddleston Networking can play an important role in one’s career, and a popular phrase tells us that, “it’s not what you know, but who you know.” CEO Keith Ferrazzi would certainly agree. According to his book, Never Eat Alone and Other Secrets to Success, One Relationship at a Time, networking can be the […]

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SPOTLIGHT: FACULTY PROFILE MICHAEL SCHUSTER

By Asriel Malloy Michael Schuster is an accounting and finance professor here at Portland State University. He teaches 200 through 500 level courses in the School of Business. He holds a five-year BA degree and an E/MBA-style master’s in finance, both from the University of Washington. Mr. Schuster is also a Certified Management Accountant with […]

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EDUCATION TAX PLANNING, PART 2: 529 PLANS AND COVERDELL ESA

By Sarvar Muratov In our previous issue, I talked about the most common tax credits and tax deductions for education. In this article, I will cover other options such as 529 plans and Coverdell education savings accounts (ESA). These two options are great tools that can be used to save money for education. Under both […]

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GROUPON’S STRUGGLE WITH REVENUE RECOGNITION

By Claire Steiner Revenue is arguably one of the single most important items reported on a company’s financial statement. It is one of the key factors that investors look at before making decisions about whether to invest in one company or another. This is especially true in the social media and technology space, where valuations […]

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LIFESTYLE: PROFESSIONAL ORGANIZATIONS

By Kristie Starr A successful transition from education to career means taking time away from your busy study schedule to […]

SPOTLIGHT: IRVINE & COMPANY

By Rahnia Beuter It’s easy to tell Irvine & Company, LLC is different from other accounting firms in Portland as […]

PRESIDENT’S LETTER

Dear Readers, The dawn of a new year is upon us, a time for community, relationships, and ritualistic self-reflection coupled […]

CHANGING OF THE GUARD: THE COSO FRAMEWORK

By Rhiannon Wood In 1992, the Committee of Sponsoring Organizations (COSO) of the Treadway Commission first released Internal Control—Integrated Framework, […]

SPOTLIGHT: BETA ALPHA PSI 2013 ANNUAL MEETING

By Andrew Wheeler Every year Beta Alpha Psi holds an annual meeting where members from all over the globe meet […]

PRESIDENT’S LETTER

Dear Readers, Every new beginning comes from some other beginning’s end. Beta Alpha Psi Epsilon Alpha chapter has accomplished some […]