Brookgreen Gardens

I took a few photos at Brookgreen Gardens a few weeks ago. Their tag line is "Ever Changing, Simply Amazing."

Check it out at http://maaw.info/Photos/BrookGreenGardens.htm

MAAW's new Forensic Accounting Journal Bibliographies

I recently added the following journal bibliographies to MAAW:

Journal of Forensic Accounting - http://maaw.info/JournalOfForensicAccounting.htm

Journal of Forensic & Investigative Accounting - http://maaw.info/JournalOfForensicAndInvestigativeAccounting.htm

The JFIA is an electronic journal and all of the papers are available on the LSU web site.

Careers with a U.S. Government Department or Agency

Accounting graduates should also consider a career with the U.S. government. For links to most U.S. Government departments and agencies see http://maaw.info/NonProfitLinks.htm

Look for Careers and Paid Student Intern Programs, or search the sites using those terms. There are a lot of opportunities available to current and recent college graduates that should not be ignored.

Training Programs for Accounting Graduates

Going to work for a public accounting firm is one route to a successful career in both public accounting and corporate accounting. However, there are many other routes to a career in corporate accounting that do not involve going through a CPA firm first. The following list of companies provides some very good examples. All of these companies provide training programs for recent accounting graduates. You can apply to get into most, if not all of these programs whether they interview on your campus or not.

http://maaw.info/TrainingPrograms.htm

Forensic Accounting

A Guide for those interested in Forensic Accounting or simply want to find our what it's all about. http://www.forensicaccounting.net/

New Addition to the Summaries on Lean Enterprise

I just added a summary of the following interesting article to the lean enterprise sections of the MAAW site.

Staats, B. R. and D. M. Upton. 2011. Lean knowledge work: The "Toyota" principles can also be effective in operations involving judgment and expertise. Harvard Business Review (October): 100-110. (Summary).

A criticism of salary surveys and studies

A criticism of salary surveys and studies like the one in my previous post is that they probably mislead the reader by implying causation from correlation. People who have various graduate degrees and certifications probably make more money because they out perform their colleagues in may other ways, not because they have another degree or are certified. In any case, I still agree with Simon's, a master's of accountancy and a professional certification are both in the "you're crazy if you don't get them" category.

Schiffel, L., K. A. Smith and D. L. Schroeder. 2011. IMA 2010 Salary Survey: How's that recovery workin' for you? Strategic Finance (June): 26-46.
http://maaw.info/ArticleSummaries/ArtSumSalarySurvey2011.htm

Simon, C. C. 2011. R.O.I.: Is graduate school worth the investment? The New York Times Education Life (July 24): 18-19.
http://maaw.info/ArticleSummaries/ArtSumSimon2011.htm

More support for the CMA Program

In the following article Krippel and Mitchell estimate the total lifetime present value of the CMA and return per study hour for ages 22-59.

Krippel, G. L. and S. Mitchell. 2011. What's your CMA worth? We show you how to estimate the lifetime value of the certification. Strategic Finance (November): 41-47.

http://maaw.info/ArticleSummaries/ArtSumKrippelMitchell2011.htm

Response to the following question on Time-Driven Activity-Based Costing

Does anyone know of any examples, problem sets, or articles that describe in detail Time-Driven Activity-Based Costing?

Some articles on time-driven ABC from http://maaw.info/ABCArticles.htm

Anderson, S. R., K. Prokop, R. S. Kaplan. 2007. Fast-track profit models. Cost Management (July/August): 16-28. (Using time-driven activity-based costing to identify where profit opportunities exist for potential acquisitions).

Dalci, I., V. Tanis and L. Kosan. 2010. Customer profitability analysis with time-driven activity-based costing: A case study in a hotel. International Journal of Contemporary Hospitality Management 22(5): 609-637.

Everaert, P. and W. Bruggeman. 2007. Time-driven activity-based costing: Exploring the underlying model. Cost Management (March/April): 16-20.

Everaert, P., W. Bruggeman and G. De Creus. 2008. Sanac Inc.: From ABC to time-driven ABC (TDABC) - An instructional case. Journal of Accounting Education 26(3): 118-154.

Everaert, P., W. Bruggeman, G. Sarens, S. R. Anderson and Y. Levant. 2008. Cost modeling in logistics using time-driven ABC: Experiences from a wholesaler. International Journal of Physical Distribution & Logistics Management 38(3): 172-191.

Gervais, M., Y. Levant and C. Ducrocq. 2010. Time-driven activity-based costing (TDABC): An initial appraisal through a longitudinal case study. Journal of Applied Management Accounting Research (Summer): 1-20.

Kaplan, R. S. and S. R. Anderson. 2004. Time-driven activity-based costing. Harvard Business Review (November): 131-138. (Link).

Kaplan, R. S. and S. R. Anderson. 2007. The innovation of time-driven activity-based costing. Cost Management (March/April): 5-15.

Szychta, A. 2010. Time-driven activity-based costing in service industries. Social Sciences/ Socialiniai Mokslai. 1(67): 49-60. (Link).