STAMFORD, Conn., July 29, 2015 /PRNewswire/ -- From May 29-30, top accounting educators and professionals convened at the 13th annual Deloitte Foundation and Federation of Schools of Accountancy (FSA) Faculty Consortium. During this year's meeting, attendees shared a range of business practices and case studies while examining the theme "Principles Under the New Revenue Recognition Standard" and identifying new content to incorporate into their curricula.
"Together, the Deloitte Foundation and the FSA are helping prepare future accountants by supporting high-quality, accredited graduate accounting programs across the U.S.," said Carol Lindstrom, president, Deloitte Foundation. "This consortium provides educators and faculty members the chance to learn about real-world business case studies and accounting trends so they can in turn help their students gain a better understanding of business issues."
The primary objective of the Deloitte Foundation/FSA Faculty Consortium is to encourage an open dialogue between accounting practitioners and academia around the latest emerging business and accounting issues and trends. The program consists of presentations, a panel session, and case study examples illustrating application of principles (Steps one to five) within the recently issued revenue recognition standard. Deloitte and the FSA board work collaboratively to develop and execute the content-rich program.
"The Deloitte Foundation/FSA Consortium provides a rare and invaluable opportunity for graduate accounting faculty from FSA schools to meet with Deloitte professionals for an in-depth discussion of difficult financial reporting issues encountered in practice," said Michael Roberts, professor at University of Colorado at Denver and member of the FSA board of directors. "The consortium is built around a series of cases developed by leading practice specialists, with proposed solutions being discussed by faculty participants. Cases are designed for ready use in the classroom upon participants' return to campus, where they can be used to introduce students to real-life problems, and encourage the development of analytical skills crucial to the improvement of financial reporting and financial markets."
About the Deloitte Foundation
The Deloitte Foundation, founded in 1928, is a not-for-profit organization which supports education in the U.S. through a variety of initiatives that help develop the talent of the future and their influencers and promote excellence in teaching, research and curriculum innovation. The foundation sponsors an array of national programs relevant to a variety of professional services, benefitting middle/high school students, undergraduates, graduate students and faculty. For more information, please visit the Deloitte Foundation web page at www.deloitte.com/us/df.
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