Along This Trail
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Book Review (2 of 4): Financial Institutions Management – A Risk Management Approach — Types of Depository Institutions
In the context of financial institutions management, the book defines depository institutions (DIs) by their unique role in obtaining a significant portion of their funding from customer deposits, which are then used to fund various types of loans. This creates a “joint-product” nature where DIs offer products on both sides of their balance sheets—loans as…
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Book Review (1 of 4): Financial Institutions Management – A Risk Management Approach — Why Financial Institutions Are Special
Why Financial Institutions are Special Financial institutions (FIs) are considered special because they provide essential functions that benefit the economy by channeling funds from those with a surplus to those with a shortage. In a world without FIs, the flow of funds between these groups would be significantly lower due to high monitoring costs, liquidity…
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ASC 323 Review: Equity Method and Investment Accounting
The information presented below is based on Roger CPA Review: Financial Accounting and Reporting (2016). INVESTMENTS IN THE STOCK OF OTHER ENTITIES An investor may acquire equity securities (common or preferred stock), debt securities(bonds) and derivatives (stock rights) in other companies. When a company acquires common stock, we need to determine the appropriate method of…
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250 Years of America Through the Lens of the Accounting Profession💙🤍❤️
Every profession has its own history, but few mirror the development of a nation as closely as accounting. The July issue of the Journal of Accountancy features a special commemorative section celebrating the 250th anniversary of the United States by tracing the evolution of the accounting profession alongside the nation’s history. Rather than presenting accounting…
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A Long-Overdue Trip to Beantown
When I completed my Master of Science in Computer Science in 2024, I wanted to celebrate in a way that felt meaningful. Rather than taking a typical vacation, I chose to make a pilgrimage to a place that has long represented the pursuit of knowledge itself—Boston. Looking back, it almost felt symbolic. Growing up in…
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Book Review: Contemporary Issues in Audit Management and Forensic Accounting III
In the previous two posts, I summarized the book‘s discussions on Fraud Theory and Deterrence and Detection Tools and Models. The first focused on understanding why fraud occurs, while the second introduced the quantitative models that help auditors identify unusual financial patterns. This final post examines the book’s discussion of Big Data and Technology, specifically…
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Book Review: Contemporary Issues in Audit Management and Forensic Accounting II
In my previous post, I summarized the book‘s discussion of Fraud Theory and Deterrence, which explored why individuals commit fraud and how organizations can reduce the conditions that enable fraudulent behavior. This second post focuses on another major theme covered in Contemporary Issues in Audit Management and Forensic Accounting: Detection Tools and Models. As financial…
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Book Review: Contemporary Issues in Audit Management and Forensic Accounting I
One useful resource I recently found in my ongoing study of fraud detection and forensic accounting is Contemporary Issues in Audit Management and Forensic Accounting, published by Emerald Publishing. Rather than reviewing the entire book in one post, I plan to summarize and reflect on three themes that are especially relevant to my interests: This…
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Understanding APIs: From Concept to a Working Mini Project
When I first started learning about APIs, the term felt abstract. Everyone seemed to use the word API, but depending on the context, they could be referring to a specification, a piece of code, a running service, or an entire business strategy. To better understand the concept, I combined several learning approaches: reading, mind mapping,…