• A Financial Analysis of Publicly Traded Professional Sports Teams

      Singh, Sandeep; Hubman, Joshua; The College at Brockport (2011-05-01)
      Throughout history there have been a number of professional sports teams that have been publicly traded. Many fans and followers of sports may jump at these opportunities to own a part of their favorite teams. This paper analyzes stock performance of past and current publicly traded teams to determine whether these stocks constitute a sound financial investment or only derive their value from the sentimental value stockholders place on the ownership. Monthly and yearly stock returns of both American and European companies were compiled, analyzed, and compared to popular stock market indexes. Much of the analysis was done using Microsoft excel regression, correlation, and descriptive statistics functions. Our findings indicate stocks of publicly traded professional sports teams show that they can provide some investment value for investors, although not all of them can be recommended as a sound financial investment. Value is contributed by the way of high returns in some periods and significant portfolio diversification benefits. Since stocks of publicly traded professional sports teams have shown the ability to provide investors with value, future opportunities may merit serious consideration when they become available.
    • Exploring Revenue Recognition in the Local Community

      Hettler, Barry; Forshay, Taylor (2017-05-02)
      This thesis studies the extent to which the business community in general, and local community in particular, is ready for the new Section 606 Revenue Recognition accounting standards that come into effect in 2018. This paper first includes a comparison of the old standards and the new standards for revenue recognition. It also identifies improvements to the revenue recognition process because of implementing the new standards. Second, it examines the results of a national survey done by Pricewaterhouse Coopers and the results of an original local survey to determine the preparedness of the national business community and local community, respectively. Finally, this study also identifies the results and impacts of early adopters of Section 606, and identifies implications for the future of the accounting profession. The results of this thesis show that the business community does not appear prepared for the upcoming implementation of Section 606. The PwC survey indicates that many firms are still assessing how they will implement the new standards, and are yet to choose an adoption method. The lack of responses to the local survey may imply that the local business community has not spent sufficient preparing for the new standards. Only a few early-adopters of Section 606 were found, meaning that only a small number of the largest firms in the country have actually implemented the new standards. Overall, the adopting companies and their auditors appear to be severely underprepared for the new standard.
    • How Beneficial are New York State Food Benefits?

      Smoker, Kari; Rollins, Adam; The College at Brockport (2011-05-01)
      The purpose of this thesis is to analyze the governmental nutrition assistance programs, which are known federally as SNAP and WIC. There will be a focus on the effectiveness of these programs in the state of New York, and ideas will be offered on what should be done to make improvements. It is apparent that the Food Stamp Program is linked to a large amount of fraudulent activities, as well as weight gain. The WIC Program has problems with negative external stigmas, but it strives to provide users with better health and nutrition. Each food assistance program is examined in detail and it is determined that changes are necessary. Improvements can be made by each program adopting the strengths of the other.
    • Overcoming Tax Obstacles of Low Income Taxpayers

      Smoker, Kari; Sawyer, Allison; The College at Brockport (2013-05-13)
      The tax season can often be overwhelming to some taxpayers, especially low income taxpayers. Some taxpayers file a tax return themselves but often times they go to paid preparers. Low income taxpayers are often taken advantage of when they go to a tax preparer during the tax season because of their lack of financial literacy. This lack of knowledge can cause them to not receive the correct service or even become victim of fraud. The IRS has realized in the past that low income taxpayers needed more financial support so it created the EITC and other tax credits. To help low income taxpayers, the IRS is continuing to improve the services offered by VITA sites and reduce the amount of tax scams by paid preparers. Low income taxpayers need to understand their options and go to the best tax preparation site that will benefit them during tax season.
    • The Effects of Changing AIS on User Experience and Business Role

      Neely, Pamela; Tornow, Elysia; The College at Brockport (2015-05-08)
      Technology has become a dominant factor in many aspects of modern life. This research explores how technology has influenced the field of accounting through the advancement of Accounting Information Systems (AIS). To address the issue of the qualification of students entering the accounting profession, two populations were surveyed. Students who were previously enrolled in an AIS class at SUNY Brockport were surveyed about their comfort level with AIS before and after the class, along with their outlook on technology in the workforce. Accounting professionals were surveyed on their usage of systems in their companies, their preference towards change, and their first-hand accounts of changing technology in the workplace. The results of this research shows that while having an AIS class significantly helps prepare students for the real world, there are ways to improve the course content to provide even better professional candidates. To be successful, students must achieve a foundational grasp on system usage the same way that debits and credits are a foundation to the whole accounting cycle. Students should be exposed to a multitude of different accounting software so that they learn to move beyond “point and click” to a stage of analysis that will allow them to adapt to whatever systems they see later in their careers. For this to occur, either a second AIS class would be required, or a whole new major should be added, focusing on the importance of AIS. In the professional world, the changes in technology and AIS are causing restructuring of both the company structure and the human resource usage. Soon the new-hire data entry position will be obsolete as computers take over and the whole process becomes automated; thus ushering accounting into the age of analysis and forecasting as opposed to book keeping and data entry.