Groskopf Joins FASB Committee


Thomas J. Groskopf was named to FASB’s Private Company Financial Reporting Committee, which receives administrative support from the AICPA and is part of a joint  standard-setting improvement effort by the organizations.

Groskopf is the youngest person to become director of his 110-person firm, Barnes, Denning & Co. Ltd., which specializes in providing business counsel to tax, accounting and consulting clients throughout the Cincinnati region. He has served as Private Companies Practice Section chair of the AICPA’s Technical Issues Committee and is a member of the Xavier University Accounting Department’s Board of Executive Advisors.

Groskopf replaces Tom Ratcliffe on the committee and joins Judy O’Dell, chair of the committee, and the following members: Carl Bagge, managing partner of Bagge, Cennamo & Co. LLP; Charlie Bramley, partner of Briggs, Bunting & Dougherty; Daryl Buck, CFO Reasor’s Inc.; Mike Crain, senior executive vice president of Frost National Bank; Mary Ann Lawrence, senior vice president of Key Corp.; David Lomax, area underwriting manager of Liberty Mutual Surety; Jerry Murphy, CFO of Todd & Sargent Inc.; Judd Rabb, vice president and CFO of Coldwatt Inc.; Jim Smith, vice president and CFO of Phonon Corp.; James Stevenson, CFO of ABD Capital Partners; and Carisa Wisniewski, partner of Moss Adams LLP.

SPONSORED REPORT

Revenue recognition: A complex effort

Implementing the new standard requires careful judgment. Learn how to make significant accounting judgments and document them and collaborate with peers for consistent application.

VIDEO

How to Excel pivot a general ledger

The general ledger is a vast historical data archive of your company's financial activities, including revenue, expenses, adjustments, and account balances. J. Carlton Collins, CPA, shows how to prepare data for, and mine data with, PivotTables.

QUIZ

News quiz: Taking an economic snapshot and looking to the future

Recent news included IRS actions that affect individuals and partnerships and a possibly influential move by a Big Four accounting firm.Take this short quiz to see how much you know about the news.