Magazine article The CPA Journal

2005 Max Block Award Winners Recognized

Magazine article The CPA Journal

2005 Max Block Award Winners Recognized

Article excerpt

The winners of the 2005 Max Block Distinguished Article Awards were announced and presented at the NYSSCPA's 109th Annual Election Meeting and Dinner on May 18. The presentations were made by NYSSCPA 2005/2006 President Stephen Langowski. The award recognizes excellence in three categories that reflect The CPA Journal's mission. The winners are as follows.

Best Article in the Area of Technical Analysis: "Basic Principles in the New Accounting for Stock Options: A Roadmap for Navigating SFAS 123(R)," by Robert A. Dyson, September 2005.

Robert A. Dyson, CPA. is with American Express Tax & Business Services Inc. and a member of the CPA Journal Editorial Board. He is also immediate past chair and a current member of the NYSSCPA's Financial Accounting Standards Committee and a current member of the FASB Small Business Advisory Committee.

SFAS 123(R), Share-Based Payment, requires public companies to recognize compensation cost associated with modified stock option awards rather than account for them as variable options under FASB Interpretation (FIN) 44, Accounting for Certain Transactions Involving Stock Compensation.

Best Article in the Area of Informed Comment: "The Evolution of U.S. GAAP: The Political Forces Behind Professional Standards," Parts 1 & 2, by Stephen Zeff. January/ February 2005.

Stephen A. Zeff, PhD, is the Herbert S. Autrey Professor of Accounting at the Jesse H. Jones Graduate School of Management, Rice University, in Houston, Texas.

This historical commentary discusses the rising importance of financial accounting standards in different sectors of the U.S. economy, which has led to increased special-interest lobbying for accounting standards designed with predetermined outcomes. It also traces FASB's efforts to implement an asset-and-liability approach to recognition and a fair-value approach to measurement. …

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