Baruch Alumnus Selected for Financial Accounting Standards Board Position
Recent Baruch College alumnus Jonathan Rhine (M.B.A. Jan. ’06), has been accepted by the Financial Accounting Standards Board as a postgraduate technical assistant.
The FASB, a private-sector organization that establishes financial accounting and reporting standards, sponsors the postgraduate technical assistant program for those who are planning a career with an emphasis in accounting. This one-year program allows the PTA to become highly involved with the accounting standards-setting process, and develop an in-depth understanding of the roles played by preparers, auditors, and other users of financial information.
Rhine noted how well he has been prepared for his future career: “The commitment of Baruch’s professors, complemented by the comprehensive approach they take to teaching, have earned Baruch’s accounting program its strong reputation,” he says. “The program goes beyond introducing students to the fundamentals of accounting through its emphasis on contemporary accounting topics and advanced accounting theory.”
Norman Strauss, Rhine’s professor in the Stan Ross Department of Accountancy and a former partner at Ernst & Young, added: “This is a very competitive position. All of the major accounting schools throughout the country submit nominations, and it is a tribute to Baruch that they selected our candidate.”
PTAs are involved in all phases of their assigned projects, which include analyzing written public comments, reviewing published research, drafting due process documents, and evaluating the accounting proposals of other organizations.
Upon completion of his one-year position at the FASB, Rhine will build upon his experiences by pursuing a career in public accounting.
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