Nicholas J. Mastracchio, Jr., Ph.D., CPA University of South Florida Sarasota-Manatee

Transcription

1 Curriculum Vitae Nicholas J. Mastracchio, Jr., Ph.D., CPA University of South Florida Sarasota-Manatee Education Ph.D. Concentration in Accounting, June 1993 Union College Graduate Management Institute, Schenectady, NY (Now Union College Graduate) Dissertation Topic: Valuation of Closely Held Businesses MS in Accounting State University of New York at Albany BBA in Accounting Siena College, Magna cum Laude Professional Employment Charles L. Marvin & Company P.C. CPAs Managing Director of this large regional firm (85 staff) from June 1976 to September 1991, part time September 1993 July 2002: Part time self employed practice solely in business valuations. July 2002 December 2006 LCS&Z, LLP Certified Public Accountants, Partner January 2007 Part time self employed practice solely in business valuations. Academic Employment August 2011 to present University of South Florida Sarasota Manatee Instructor August 2006 to May 2008 University of South Florida Clinical professor 1976 to 2006: State University of New York at Albany Full time after September 1991 (tenured since January 1996)

2 Publications Arthur Andersen Alumni Professor of Accounting from 1998 I taught auditing, personal tax and financial accounting at the University for thirty years : Union College Associate Professor Adjunct Faculty. Supervised independent studies in auditing for MBA Program. Developed and taught a Valuation of Closely Held Business course for Ph.D. and MBA students. Refereed Articles Mastracchio, Nicholas J. Jr., Heather Lively, Elizabeth Carlson Should a Master s Degree Be Required for CPA Licensure? The CPA Journal November 2011 Stokes, Leonard, Elizabeth Marcuccio, Eugene Farley, Michelle King, and Nicholas Mastracchio The CPA Exam Content Specifications, Missed Opportunity to Incorporate Academic Advice and Guidance for Candidates The CPA Journal April 2010 Mastracchio, Nicholas J. Jr. Business Valuations The Institute of Management Accountants. February Mastracchio, Nicholas J. Jr How Should a School's Accounting Curriculum be Determined the CPA Journal, (March 2008). Mastracchio, Nicholas J. Jr., Lewis, Eric E., and Lippitt, Jeffrey W., Valuing Companies That Have Large Holding Gains The CPA Journal, (February 2008) Mastracchio, Nicholas J. Jr., Value Proposition, Journal of Accountancy (June 2007) Mastracchio, Nicholas J. Jr., Ethics Education, CPA Journal (January 2005) 5-7. Mastracchio, Nicholas J. Jr., Auditing in the Classroom is Changing, Journal of Accountancy (April 2004) Reprinted in the Montana Society of CPAs Line Items, June/July Mastracchio, Nicholas J. Jr., Deciding a Firm s Continuing Education Approach, CPA Journal (June 2003) Mastracchio, Nicholas J. Jr., and Zunitch, Victoria M. Differences Between Mergers and Acquisitions, Journal of Accountancy (November 2002)

3 Mastracchio, Nicholas J. Jr., Independence and the Users of Closely Held Companies Financial Statements, CPA Journal, (June 2002) One of four finalists for the Max Block Award for the best accounting and auditing article of the year by the CPA Journal. Mastracchio, Nicholas J. Jr., Lewis, Eric E., and Lippitt, Jeffrey W., Staffing CPA Firms in the Information Era, The Practicing CPA, (June 2002) 4-5. Mastracchio, Nicholas J. Jr., Lewis, Eric E., and Lippitt, Jeffrey W., Users Comments on SFAS 141 and 142 on Business Combinations and Goodwill, CPA Journal, (October 2001) Mastracchio, Nicholas J. Jr., and Lippitt, Jeffrey W., Impact of Consulting Services on Small Firms, The Practicing CPA, (August 2001): 4-6. Mastracchio, Nicholas J. Jr., Deciding if a Merger is Right for the Firm, The Practicing CPA, (December 2000) 1-6. Mastracchio, Nicholas J. Jr., When Valuing Closely Held Companies, Look to Recent Years, CPA Journal, (August 2000) Mastracchio, Nicholas J. Jr., Settlement of Enhanced Earnings Capacity Cases, Family Law Review, (December 1999) Mastracchio, Nicholas J. Jr., A New Era for the Local CPA Firm, CPA Journal, (July 1999): Mastracchio, Nicholas J. Jr. and Mastracchio, James N., Consideration of Risk in a Mature License Value, Family Law Review, (September 1996): 5-9. Mastracchio, James N. and Mastracchio, Nicholas J. Jr., The Value of Professional Licenses, The New York State Court of Appeals Affirms the Valuation Theory, CPA Journal, (December 1996): 34-39, 50. Mastracchio, Nicholas J. Jr., and Lippitt, Jeffrey W., A Comparison of the Earnings Capitalization and the Excess Earnings Model in the Valuation of Closely-Held Businesses, Journal of Small Business Management, (January 1996): Lippitt, Jeffrey W. and Mastracchio, Nicholas J. Jr., Developing Capitalization Rates for Valuing a Business, CPA Journal, (November 1995): Mastracchio, Nicholas J. Jr. and Cahill, M. Cornelia, Merging? Tax Rules Can Make a Deal Even Sweeter, ABA Banking Journal, (March 1995):

4 Lippitt, Jeffrey W. and Mastracchio, Nicholas J. Jr., Valuing Small Businesses: Discounted Cash Flow, Earnings Capitalization and the Cost of Replacing Capital Assets, Journal of Small Business Management, (July 1993): Lippitt, Jeffrey W. and Mastracchio, Nicholas J. Jr., The Value of CPA Firms, Firm Multiples, and Owner Compensation, The CPA Journal, (May 1993): Lippitt, Jeffrey W. and Mastracchio, Nicholas J. Jr., To Expand or Not, The Journal of Accountancy, (May 1993): Mastracchio, Nicholas J. Jr. and Schmee, Josef, Analytical Procedures That Work, The CPA Journal, (November 1992): One of four finalists for the Max Block Award for the best accounting and auditing article of the year by the CPA Journal. Other Articles Mastracchio, Nicholas J. Jr., Deciding a Firm s Continuing Education Approach, The Trusted Professional (July 2003): 15, 23. A modified reprint of the CPA Journal article. Mastracchio, Nicholas J. Jr., For What it s Worth, Professional Insurance Agents, (April 1999): Mastracchio, Nicholas J. Jr., Valuation of a Dental Practice, New York State Dental Journal, (January 1996): Harvey, Jonathan P.; Harvey, Jack D.; and Mastracchio, Nicholas J. Jr., Share Value Litigation under the Business Corporation Law, Trial Lawyer, (March 1992): 18-20, Mastracchio, Nicholas J. Jr., "How to Maximize Your Sales Price," Professional Insurance Agents, (June 1991): 4-6. Mastracchio, Nicholas J. Jr., "How to Value A Professional Practice," Practical Accountant, (December 1985): Republished in Selected Significant Management Articles, American Institute of Certified Public Accountants, 1987, also republished in Handbook of Topical Articles for Practitioners, Institute of Chartered Accountants of Ontario, Mastracchio, Nicholas J. Jr., "Valuation of a Practice," New York State Dental Journal, (March 1985): Books Written 4

5 Closely Held Business Valuations (Washington D.C.: Bureau of National Affairs), pages. How Much is it Worth? Valuing a Profession or Closely Held Business, (New York: American Institute of Certified Public Accountants, 1995 (first edition 1988), 207 pages. Mergers and Acquisitions of CPA Firms: A Guide to Practice Valuations, (New York: American Institute of Certified Public Accountants), 1998, 158 pages. Book Chapters Written Lawyers Guide to Business Valuations Authored chapter on valuation reports (New York: John Wiley) to be published in Management of an Accounting Practice, A three-volume set. Authored chapter on Mergers, (New York: American Institute of Certified Public Accountants, Revised Published in hard copy, CD-ROM and on the Internet.) Management of an Accounting Practice, A three-volume set. Authored chapter on Acquisitions, (New York: American Institute of Certified Public Accountants, Revised Published in hard copy, CD-ROM and on the Internet.) Books Reviewed Mard, Michael, James Hitchner, Steven Hyden Valuation for Financial Reporting: Fair Value Measurements and Reporting, Intangible Assets, Goodwill and Impairment John Wiley Zipp, Alan S, Business Valuation Methods, (New York: American Institute of Certified Public Accountants, 1993), 982 pages. Hermanson, Loeb and Strawser, Auditing Theory and Practice, 3rd ed., (Homewood, Illinois, Richard D. Irwin, Inc., 1983), 624 pages. Presentations at Professional Meetings Presenter: Activities of the Auditing Standards Board New York State Society of CPAs Auditing Conference scheduled for November 10, Presenter: The CPA Content Specifications National AAA meeting August Presenter The 150 hour requirement for the CPA Exam September 2007 West Coast Chapter Florida Society of CPAs. 5

6 Presenter: The Computerized CPA Exam. National AAA meeting August Presenter: Pennsylvania Society of CPAs Annual Education Conference, Changes in Teaching Auditing October 2004, Malvern, Pennsylvania. Presenter: New York State Society of Certified Public Accountants Annual Education Conference, The 150 Hour Requirement November 2003, Oswego, New York. Presenter: National Association of State Boards of Accountancy Annual Meeting, Auditor Independence and the Closely Held Firm, October 2002, New Orleans, Louisiana. Presenter: XXXI Simposium Internaltional De Contadores Publicos, Valuacion De Pequenas Empresas, October 1998, Monterrey, Mexico. Presenter: The American Accounting Association 1996 Mid-Atlantic Regional Meeting, A Test of the Accuracy of the Excess Earnings and the Earnings Capitalization Models for Valuing Closely Held Companies, Philadelphia, Pennsylvania. Panel Speaker: The American Accounting Association 1994 Northeast Regional Meeting, "The Problems and Challenges of Applied Research," Buffalo, New York. Serve as discussion leader for full day course: Valuation of Businesses and Professional Practices for The New York State Society of CPA's Foundation for Accounting Education. Designated as an Outstanding Discussion Leader (top ten percent) each year from Presented seminars for the Executive Development Program sponsored by the State University of New York at Albany, the Executive Development Program at Siena College, and various state CPA societies and associations, on Valuation of Businesses and Professional Practices. Presenter: American Statistical Association Northeast New York Chapter, 1992, "Exploratory Statistics and Analytical Review," Schenectady, New York. Presenter: New England Graduate Accounting Study Conference, 1991, Valuation Issues in CPA Firms, Newport, Rhode Island. Presenter: The American Institute of Certified Public Accountants National Management of an Accounting Conference, 1991, Planning and Valuation Issues in CPA Firms, Boston, Massachusetts and Dallas, Texas. Community Activities 6

7 Schenectady County Community College, Schenectady, New York. Past member Business Advisory Committee. Schenectady Economic Development Corp., Schenectady, New York, Past Secretary, member of the Executive Committee and Board of Directors. Ellis Hospital Board of Directors, Schenectady, New York, Past Treasurer, past member of the Executive Committee. College of St. Rose, member of the business advisory council for approximately 15 years. Served on various local charitable organizations' board of directors over the past 35 years. Professional Service The American Institute of Certified Public Accountants. Auditing Standards Board was on task force thatpublished SAS 121 a 805 page revision to the auditing standards. Board of Examiners and various activities including presentations and publications. The National Association of State Boards of Accountancy. Member of the education committee and Education task force. Past member of the audit committee and nominating committee. Member of and vice chair of the Examination Review Board which oversees the CPA exam contract between the AICPA, NASBA, and Prometrics. The New York State Board of Accountancy, the state regulatory body for the profession. Past member, past chairman of the board and past chairman of the education committee and past chairman of an ad-hoc committee that developed ethics requirements and curriculum for New York State Licensed CPAs. Various committees and presentations for the New York State Society of CPAs at the chapter and state level. Serve on the editorial board of the CPA Journal. Serve as an outside reviewer for the CPA Journal. Professional Associations American Accounting Association American Institute of Certified Public Accountants 7

8 New York State Society of Certified Public Accountants American Academy of Economic and Financial Experts Past president and executive director of The Atlantic Conference of Certified Public Accountants. Primary mission was to develop quality control manuals. Other Professional Activities Licensed in New York State as a Certified Public Accountant. Licensed in Florida as a Certified Public Accountant. Have participated and been on panels for the Levalle committee hearings on audit independence, the SEC hearings on audit independence, and the Sullivan committee on the 150 hour requirement and scope of practice issues in proposed legislation. Have advised legal council of CPAs on areas of professional responsibility. Have performed a valuation that has become case law in New York State. Have been designated as a qualified neutral by the American Arbitration Association. University of South Florida Service College of Business Administration Executive Committee. College of Business Diversity Committee. School of Accounting Undergraduate Curriculum Committee. Masters in Accounting Program Committee. University at Albany Service Undergraduate Affairs Committee, Chairman in Personnel Committee, , Chairman Teaching Committee, Chairman Applied for and received a grant for seminars in effective teaching for all State of New York university and college school of business faculty. Graduate Affairs Committee. 8

9 Teaching Ad hoc committee, AACSB accreditation of the accounting program. Received accreditation of the accounting program as a separate accreditation for the first time at the university. Ad hoc committee, School of Business mission statement. Ad hoc committee, executive development. Ad hoc committee, two dean searches. Ad hoc committee, development of proposal for Ernst and Young strategic planning grant. Chairman of School of Business faculty. Beta Alpha Psi faculty advisor. Have presented numerous seminars to faculty and teaching Ph.D. students on effective teaching. One on one counseling of faculty on research, publishing and effective teaching. Awards 2008 Outstanding Accounting Professor University of South Florida Harold Cannon Memorial Award for Outstanding Undergraduate Teaching Dean Warren Haynes Memorial Award for Outstanding Graduate Teaching New York State Society of CPAs Distinguished Discussion Leader. Courses Developed Integrated Seminar MACC curriculum. University of South Florida Valuation of Closely Held Businesses, MBA and Ph.D. Course at Union College. 9