Accounting

Rutgers Business School student wins scholarship to study in Brazil and World Cup is part of his travel itinerary

Friday, June 20, 2014

Rutgers Business School student Juan Flores knows how to make the most of an opportunity.

When he learned about the U.S. State Department's Benjamin A. Gilman International Scholarship that gives eligible students an opportunity to study abroad, Flores thought winning would be an experience of a lifetime.

TAGS: Accounting Rutgers Business School Scholarships Undergraduate Newark

Rutgers University 248th Anniversary Commencement, May 18, 2014

Thursday, May 22, 2014

The largest graduating class in the history of Rutgers, The State University of New Jersey gathered at Highpoint Solutions Stadium for the 248th Anniversary Commencement, May 18, 2014.  With the establishment of Rutgers Biomedical and Health Sciences, over 16,000 graduates will be awarded degrees this year.

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TAGS: Accounting Commencement Finance Graduation Management and Global Business MBA Rutgers Biomedical and Health Sciences Rutgers Business School Undergraduate New Brunswick Undergraduate Newark

Contrary to popular perception, the modern accountant is an innovative and transformative strategic resource adviser.

Date: 
Thursday, May 8, 2014
Location: 
Auckland, New Zealand

CPA Australia recently hosted the inaugural Evolution of Auditing Forum where Professor Miklos Vasarhelyi, Department of Accounting & Information Systems of Rutgers Business School in New Jersey, inventor of continuous auditing technology and a pioneer in advanced data analytics, evoked Steve Jobs' radical approach to consumer electronics as an analogy for the auditing profession - "how can we make auditing something people use twice a day - like toothpaste." His challenge was clear - "how can we simplify our messaging to equate to the ethos of our customers 'being able to do everything in three clicks or less."'

This is not rhetoric common in the accounting profession, but it is this kind of disruptive thinking that is required to address a potential crisis of relevance and to meet a rapidly mounting set of challenges facing capital markets.

Full Article

TAGS: Accounting Financial Accounting Miklos Vasarhelyi Rutgers Accounting Research Center

Dr. Hussein Issa speaking at Washington DC Data Transparency Summit: The Transformation of Federal Spending

Date: 
Tuesday, April 29, 2014
Location: 
Washington, DC

Data has emerged as an indispensable resource for government, academia, business, and civil society. To unlock its true potential, data must be open: interoperable, machine-readable, and available for all. The U.S. government is poised to transform its spending information into open data.

Congressional legislation like the Digital Accountability and Transparency Act, executive actions like President Obama's Open Data Policy, and leadership by the Government Accountability and Transparency Board are coming together around a common, transforming goal. These policy changes are driving the comprehensive standardization and publication of the government's spending information.

This inaugural Data Transparency Summit, April 29, will convene leaders from Congress and the executive branch to explore the transformation. Hosted by the Data Transparency Coalition and presented by PwC, with the Information Technology Industry Council as a special partner, the summit will work toward a common vision for implementing the DATA Act and achieving full transparency across all domains of federal spending data.

Dr. Hussein Issa, Department of Accounting & Information Systems, Rutgers Business School, is a panelist for the discussion session on: Data-Driven Accountability.

Data Transparency Summit: The Transformation of Federal Spending

TAGS: Accounting Hussain Issa Rutgers Business School

Rutgers ranked in the top 15% in the U.S. in return-on-investment by The Economist

Wednesday, April 16, 2014

Research conducted by The Economist looking at the cost and return of a college education in America showed that Rutgers University–New Brunswick had an annual return-on-investment of 11.2% over a 20-year period. This places Rutgers in the top 15% in the U.S. in return-on-investment out of 896 schools.

TAGS: Accounting Business Analytics and Information Technology Finance Management and Global Business Marketing Return on Investment Supply Chain Management Undergraduate New Brunswick

Internal Revenue Service turns accounting students into "agents" for a day to show them a career option

Friday, April 4, 2014

A group of Rutgers Business School accounting students spent a day role-playing with agents from the Internal Revenue Service as a way of learning about career possibilities in law enforcement.

TAGS: Accounting Marty Markowitz Partnerships Undergraduate New Brunswick

White House intern and RBS student Jenae Keith attains new heights

Thursday, March 6, 2014

Twenty-one year old, Class of ’14 Rutgers Business School undergraduate Jenae Keith is majoring in accounting with a minor in Spanish.  She grew up appreciating and valuing public service, and is continuing her commitment through the White House Internship Program.

What did you think when you learned that you were accepted to the White House Internship Program?

TAGS: Accounting Marty Markowitz Rutgers Business School Undergraduate Undergraduate New Brunswick

This Annual Financial Report Says What?

Date: 
Monday, February 3, 2014
Location: 
Washington, DC

It’s hard to see the bright side to the financial upheaval in Detroit and other distressed governments. But if there is one, it’s that taxpayers, journalists and others are starting to pay attention to government financial statements.

As new users come into the fold we’re reminded that the defining feature of government financial reporting is complexity.  The Management’s Discussion and Analysis, or the MD&A, gives governments a chance to tell its financial story, but it also raises questions.

Fortunately, some recent research by Rebecca Bloch, a former instructor at Rutgers Business School Department of Accounting & Information Systems, sheds some light on these questions.

Bloch points out two key facts about the MD&A. First, many local governments don’t invest much in it.

Second, and more important, a boilerplate MD&A can actually hurt a government’s credibility.

Full Article

TAGS: Accounting Rebecca Bloch Research

Five Years After the Meltdown 2008 financial crisis holds lessons for business schools

Date: 
Thursday, September 19, 2013
Location: 
New York, NY

It may be tough to get broad consensus among academics to agree on almost anything, especially about what lessons to draw from a complicated global crisis.

"We all want to make sure that it doesn't happen again," said Dan Palmon, chair of the accounting department at Rutgers Business School in New Jersey.

Also adding to the challenge to teach the crisis' lessons is the youth of today's students. The financiers of tomorrow may have been in high school when Lehman collapsed.

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TAGS: Accounting Dan Palmon Financial Accounting Information Systems Subprime Crisis

Retired Fidelity Investments CFO says set goals at start of new school year

Sunday, September 1, 2013

The Helpful Executives-In-Reach (HEIR) program at Rutgers Business School connects students within each academic department with a senior executive within the field they are preparing to enter. Bob Chersi, retired CFO of Fidelity Investments, is the inaugural Accounting & Information Systems HEIR. As part of his role as a Helpful Executive-In-Reach, Chersi will occasionally share interesting articles and quotes with RBS students.

By Bob Chersi

TAGS: Accounting Blogs Bob Chersi Helpful Executives-in-Reach Mentoring Undergraduate New Brunswick Undergraduate Newark

Rutgers Phi Beta Lambda members win some top spots in national competition

Wednesday, July 10, 2013

Five Rutgers students were among the top winners in events testing their knowledge of accounting, finance and management during the Future Business Leaders of America-Phi Beta Lambda National Leadership Conference last month in Calif

TAGS: Accounting City of New Brunswick Finance Future Business Leaders of America-Phi Beta Lambda Management and Global Business

RBS undergraduate Rishikesh Bhavasar receives scholarship from Heritage Bank's Affinity program

Date: 
Tuesday, June 4, 2013
Location: 
Summit, NJ

From the Independent Press:

Hina and Manoj Bhavsar are Morris Habitat for Humanity homeowners living in Summit since last summer. Their home is a dream come true after emigrating to the U.S. from India and becoming citizens in 2008. They worked hard to make homeownership a reality and now, their son Rishikesh (Rishy) has surprised them by winning a much needed scholarship to help with his college expenses.

Rishikesh Bhavasar received a $1,000 scholarship from Heritage Bank’s Affinity program. Rishy is a junior at Rutgers Business School - New Brunswick. He is hoping to finish his degree next year and is presently interviewing at Deloitte for a summer internship.

Read full article.

TAGS: Accounting Students Undergraduate New Brunswick

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