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Paul M. Klekner (B), Roger R. Schnorbus

Robins School of Business White Paper Series, 1980-2022

This is a fictitious case study, including the name of the restaurant and the people involved.

Paul Klekner graduated first in his class from the Culinary Institute of America (CIA) in 1998; his fellow students named him the chef most likely to succeed in the future. After graduation, he and his wife, Sarah, moved back to his home in Richmond, Virginia where he was employed as a chef at several restaurants including Bottega and Old Original Bookbinders. In 2003, he decided to open his own restaurant, Rogerios, in the Tobacco Row section of Richmond. With an inheritance of $300,000 he …

Some Concerns In Implementing The New Education Requirements For Accounting Graduates, James A. Schweikart, Phillip A. Jones Sr.

Robins School of Business White Paper Series, 1980-2022

Graduates in accounting expecting to enter the profession of public accounting in the United States will soon be required to have five years of college education. While the education of accounting graduates may be enhanced, there are several repercussions of this requirement on colleges and universities as well as on the accounting profession in general. Some of these consequences may actually impair accounting education for those entering fields other than public accounting, as college and university resources will be unable to support the needs of all accounting fields.

The Erratic Equity Position May Be Caused By Fas 52: An Investigation Of The Results Of Unrecognized Gains And Losses From Foreign Currency Translations, James A. Schweikart, Robert H. Sanborn

Robins School of Business White Paper Series, 1980-2022

Financial Accounting Standards Board Statement No. 52 (FAS 52) replaced FAS 8 in 1981 and the new guidelines have been accepted widely for providing noncontroversial and adequate disclosure of foreign currency matters. The nine years since the adoption of FAS 52 have seen erratically fluctuating exchange rates, however, and the equity positions of many firms have responded accordingly. This article provides an investigation into the erratic equity positions and recommends actions that can be taken currently that may avoid future embarrassments for the profession.

A Comparison Of U.S. And Japanese Attitudes About The Relevance Of Current Consolidation Accounting Procedures, James A. Schweikart, Walter F. O'Connor

Robins School of Business White Paper Series, 1980-2022

Consolidation accounting has not materially changed since APB Opinions 16 and 18. Only minor changes have been made such as the new rules requiring financial subsidiaries to be consolidated (FAS 94, 1989). The recent trend of mergers and acquisitions, however, represents a significant change in business environment from that which existed when consolidation accounting as we know it was formalized. Accordingly, there is concern that current consolidation practices may be less appropriate or relevant than before.

A Performance Model For Staff Auditors In An Internal Audit Environment, Joseph M. Larkin, James A. Schweikart

Robins School of Business White Paper Series, 1980-2022

Labor turnover, especially at the staff level, is a pervasive problem throughout the accounting environment. The related costs can be substantial to the organization. While turnover is not necessarily dysfunctional, managing it is crucial to the success of organizations. Much of this turnover is due to unsuccessful performance of auditors. This study empirically examined selected variables of staff members in the internal audit environment in an attempt to associate them with successful auditor performance. The results showed that motivation to perform and job satisfaction were most strongly related to successful performance.

A Performance Model For Staff Auditors In An Internal Audit Environment, Joseph M. Larkin, James A. Schweikart

Robins School of Business White Paper Series, 1980-2022

Understanding individual traits associated with successful performance in internal auditing is needed to enhance efficiency in personnel policies affecting staffing, career development and retention of auditors. This study attempted to ascertain salient characteristics of individuals which may be associated with successful performance, by examining traits of successful and less successful auditors of a large manufacturing firm. The results show that individual levels of job satisfaction and motivation are most closely associated with performance. The results also show that other variables may have the potential to be associated with performance.

Measuring The Incremental Learning Achieved With Computer Enhanced Instruction, Larry N. Bitner, Gail B. Wright

Robins School of Business White Paper Series, 1980-2022

There has been increasing pressure by the AACSB on accounting educators to include the use of computers as an instructional tool in the 1980s with the advent of separate accreditation for accounting programs. In response, researchers have sought to study student attitudes and report on software available for classroom uses. From the educational perspective, however, the most important type of research would be that which would evaluate the impact of the computer on the level of learning achieved by the student or would indicate sensitivity to the computer enhanced instruction (CEI). The focus of this paper is to suggest a …

Postexpansion Planning Considerations For New Multioutlet Retailers, Larry N. Bitner, Judith D. Powell

Robins School of Business White Paper Series, 1980-2022

Successful small retailers invariably are tempted to test the adage "more is better." While the expansion allure is more than many can resist, it must be tempered by the realization that many hidden challenges await the unsuspecting entrepreneur.

Success of the new organization will require not only more but a different kind of effort than used in managing the single store. First, successful operation will now depend on delegating operating decisions to professional managers. The autonomy given these managers is a complex decision and may be placed anywhere within a three dimensional continuum depending on the desired image, supervision, and …

Estimating Earning Impacts Of The Vocational Rehabilitation Program, David H. Dean, Robert C. Dolan

Robins School of Business White Paper Series, 1980-2022

This paper estimates earnings impacts of services provided by a state agency of the Vocational Rehabilitation (VR) program. To appreciate the significance of this effort requires some historical perspective on evaluation of the VR program as well as familiarity with more recent developments within the manpower training literature in general.

Today VR is a $1 billion dollar program, and it certainly appears that this level of public funding is well founded on a long history of demonstrated cost-effectiveness. In fact, however, considerable skepticism exists with regard to the data and methods that have generated impressive benefit-cost ratios in the past. …

The Fasb Approach To Income Determination: Is It Viable?, Gail B. Wright, Francis A. Bird

Robins School of Business White Paper Series, 1980-2022

A question which has been debated by the accounting profession for decades is whether there exists a single set of correct rules for use in reporting 'true income' which would enable comparability in reporting for all firms to be achieved. Those who believe a 'true income' figure does exist, advance their position by attempting to reduce choices among alternatives.

Not infrequently the debate centers around the matching principle, i.e., the timing of recognition of an expense. Accounting has its basis in the accrual system. It does not necessarily convey cash inflows and outflows of the current period so much as …

Current Staffing Versus Accreditation Requirements And Versus Perceived Needs--A Survey Of Accounting Faculties, Jerome Bennett

Robins School of Business White Paper Series, 1980-2022

For a number of years there have been a series of reports detailing accounting faculty vacancies. As an underlying inference it seems that reported vacancies represent the genuine needs of the reporting schools as perceived by the administration. Categories include current vacancies, new vacancies and new positions. There has been in prior reports no other objective criteria against which the reported vacancies were to be analyzed. The recent set of accreditation standards regarding faculty positions as adopted by the American Assembly of Collegiate Schools of Business offers such a criteria. To test the correspondence of reported vacancies versus the accreditation …