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In this paper, we compare the current U.S. GAAP and IFRS lease accounting rules with the proposed rules under the joint FASB/IASB projects exposure draft as modified by their redeliberation decisions. Additionally, we discuss the potential financial statement impacts of the proposed changes and provide examples of the effects of constructive capitalization of operating leases on the financial statements and resulting ratios for matched pairs of Global Fortune 500 companies in industries, with each pair consisting of a company that follows U.S. GAAP versus one that follows IFRS.

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<p class="MsoNormal" style="text-align: justify; margin: 0in 0.5in 0pt;"><em style="mso-bidi-font-style: normal;"><span style="font-family: &quot;Times New Roman&quot;,&quot;serif&quot;;"><span style="font-size: x-small;">This paper describes two co-curricular career development activities, mock interviews and speed networking that we provide for accounting majors at our university. The driving force behind both activities was to increase comfort levels for students when interacting with professionals and to enhance their job interview and networking skills. Results indicate that both activities are successful, as a high proportion of students strongly agree/agree that the activities meet their objectives, and virtually all of the students strongly agree/agree that the activities are a worthwhile use of their time. <strong style="mso-bidi-font-weight: normal;"><span style="font-variant: small-caps;"></span></strong></span></span></em></p>

Of all investments that provide tax incentives, real estate is the most often used. Frequently, books and articles for the general public appear that feature titles such as “How to Make a Fortunte in Real Estate” or “Real Estate Investments Can Make You Independently Wealthy”. The way to make a profit in real estate investments has changed considerably during the last decade. There have been major changes in tax laws as well as the economic environment. This article will focus on investments in residential housing (i.e. rental property) as tax shelters. It addresses some of the critical considerations in the rental property investment decision, including the effects of the recent changes in federal tax law. A comprehensive example of a rental property investment demonstrates the effect of tax reform on the calculation of ROI.