Two Xavier Faculty Among Winners of 2011 Max Block Awards

May 30, 2012

The New York State Society of Certified Public Accountants (NYSSCPA) has announced the three winners of the 2011 Max Block Award, which recognizes innovative and thought-provoking articles published in its monthly peer-reviewed technical journal, The CPA Journal.

The award is named for an early and influential managing editor of The CPA Journal, and has been presented annually since 1975 to recognize articles that exemplify the publication’s mission of technical analysis, informed comment and policy analysis. Recipients are chosen by the 60 members of the editorial board and editorial review board.

Janet S. Greenlee, PhD, CPA, David W. Randolph, PhD, CPA, and Sandra B. Richtermeyer, PhD, CPA, CMA, won for outstanding article in the area of informed comment for “Better Analytical Reviews of Charitable Organizations: Using Financial Ratios and Benchmarks,” published in July 2011. Greenlee is an associate professor of accounting at the University of Dayton School of Business Administration and Randolph is an assistant professor and Richtermeyer is chair and professor of accountancy at Xavier’s Williams College of Business. Their article examines Form 990 tax information submitted to the IRS to develop meaningful financial ratios and suitable benchmarks for evaluating the performance of charitable organizations.

Matthew Crane, CPA, and Robert A. Dyson, CPA, won the award for an outstanding article in the area of technical analysis for “Estimating the Fair Value of Investments in Entities That Calculate Net Value per Share,” in the March 2011 issue. Crane is a valuation specialist at McGladrey & Pullen LLP and Dyson is a director at the firm. In the article, the authors analyze SFAS 157, Fair Value Measurements, and the difficulty that can occur when applying the guidance to investments in certain nonpublic entities such as alternative investments. Leslie F. Seidman, chair of the Financial Accounting Standards Board (FASB), won for outstanding article in the area of policy analysis for “FASB Looks to the Future: Standards Setting in the Post-Convergence World.” In an interview with The CPA Journal, Seidman discussed her perspective on standards setting and shared her thoughts on the challenges and opportunities currently facing the CPA profession.

The CPA Journal is a peer-reviewed technical publication aimed at public and private accounting practitioners, managers, educators, and other financial professionals. The editors receive hundreds of manuscripts annually from accounting educators and other professionals to consider for publication in the Journal. The awards will be presented at the CPA Journal’s annual editorial board meeting on June 4, 2012.

About the NYSSCPA
Representing more than 28,000 CPAs, the NYSSCPA was the first state accounting organization in the nation. Incorporated in 1897, the Society is a not-for-profit organization that seeks to establish and maintain high standards of integrity, honor, and character among certified public accountants.
The New York State Society of CPAs is located at 3 Park Avenue in New York City. To learn more about the Society, call 800-633-6320 or visit the Society’s website at www.nysscpa.org.