Academic journal article Journal of Accountancy

The Last Word

Academic journal article Journal of Accountancy

The Last Word

Article excerpt

I've served on many accounting boards and committees. The experience has been great. I've made so many friends, and I feel like I've made at least some difference in our profession as a consequence. In addition to teaching at Cal State, Long Beach, I teach accounting to judges, investment managers, and bankers. Part of my career has been explaining how to read financial statements--what people can learn from them and what they can't.

I served on the AICPA Accounting Standards Executive Committee (AcSEC) [now called the Financial Reporting Executive Committee]. We wrote accounting standards that were a part of GAAP That was really cool. I was appointed to the committee in 1990. There's only one academic on the committee, so I was very pleased to be selected.

[ILLUSTRATION OMITTED]

I've been teaching at Long Beach since 1989, I love it there, love the students. We have so many first-generation college students. My dad was a gardener, and nobody in my family had gone to college, so I love talking to these kids who come from similar backgrounds to mine. My dad was an immigrant from Canada.

I'm a minority owner of The Comedy & Magic Club. My brother, Mike, runs it and is the majority owner. Robin Williams helped design the club. One thing he suggested was having a green room, where comedians can hang out instead of having to sit at the bar with the patrons. It's kind of helped create this family atmosphere. The idea of camaraderie is encouraged.

My brother had the idea to open the club. He used to go to The Comedy Store in Los Angeles. He asked a friend to go, and the friend said, "It's too far to drive." He wanted something closer. About that time, there was a strike going on at The Comedy Store and The Improv because they weren't paying the comedians. My brother thought if the comedians were paid, maybe they'd make the 20-mile drive to Hermosa Beach. He talked to the comedians and they said, "Sure."

We sat down with a calculator and a piece of paper. I knocked out the numbers, and it looked like it would work. …

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