ANTHONY H. CATANACH JR. is an associate professor in the School of Business at Villanova University, as well as the Cary M. Maguire Fellow at the American College Center for Ethics in Financial Services. His professional experience includes five years as an audit manager with KPMG and six years in the financial services industry. Dr. Catanach has received numerous awards for his publication, teaching, and curriculum innovation efforts. He has authored numerous articles on a variety of accounting, finance, and management issues, as well as several business education texts..
This is a proud moment for those who are graduating, as well as families and friends. You have successfully earned your degree in Accounting, and you soon will enter the profession to begin practicing auditing, tax, corporate finance, and the like. Also, you will study for and soon pass the CPA exam. Your futures are bright indeed. And your faculty are very proud of you, including these two Grumpy Accountants. Continue reading »
Except for one observation that we mention later, none of the dozens of comments by ZAGG investors, supporters, and management staff changed our opinion expressed Monday, but they did cause us to re-assess the study. We re-read the 10-K, re-ran several metrics, rethought what they meant, and checked FASB documents. Continue reading »
May 072012
Wow! We really hit a raw nerve in the ZAGG column this morning as we are receiving a large amount of comments. Some are direct allegations and some are accusations posed as questions, but they all come as visceral reactions to a story they don’t like. Continue reading »
May 072012
One of our loyal followers recently brought to our attention a company that just might be our first candidate for this year’s “poster child” of bad financial reporting: ZAGG. The Company indicates that it is “Zealous About Great Gadgets,” and apparently the market likes this zealot. Continue reading »
Last time we discussed Rite Aid and claimed the balance sheet was in shambles. Some fellow accounting professors objected to the analysis, so we need to respond to them. We’ll answer the criticism and point out the big point that they all missed. Continue reading »
J. EDWARD KETZ is an associate professor of accounting in the Smeal College of Business at Pennsylvania State University. He has a bachelor’s degree in political science, a master’s degree in accountancy, and a Ph.D., all from Virginia Tech. Professor Ketz has been a member of the Penn State faculty since 1981. He also has taught at the University of Connecticut and the University of Maryland. Professor Ketz has authored and edited 17 books including Hidden Financial Risk (Wiley, 2003) which examines the corporate culture and the institutional setting that engendered recent accounting scandals. Dr. Ketz has been cited in the popular and business press, including The Wall Street Journal, The New York Times, The Washington Post, Business Week, and USA Today. He also has appeared as an accounting commentator on CNN, National Public Radio, and Bloomberg Radio.