Dr. Ken S. Brackney

Ph.D., North Carolina; M.S., Old Dominion; B.S.B.A., Old Dominion. Ken Brackney is a Full Professor of Accounting at Appalachian State University. His research has been published in Auditing: A Journal of Practice & Theory, Issues in Accounting Education, The CPA Journal and others. Dr. Brackney is a past recipient of the N.C. Association of Certified Public Accountants Outstanding Educator Award. He is a member of the American Accounting Association and the North Carolina Association of CPAs. Away from work, he enjoys spending time with his wife and their two sons. Teaching: Financial Accounting, International Accounting. Research Interests: Financial Accounting & Reporting, International Accounting, Accounting Practice.

There are 17 included publications by Dr. Ken S. Brackney :

TitleDateViewsBrief Description
Arctic Automotive Co. Case: EVs, EV Batteries And IFRS 2019 16 The Arctic Automotive Co. case calls for students to convert a foreign company’s International Financial Reporting Standards (IFRS) basis financial statements to a U.S. Generally Accepted Accounting Principles (U.S. GAAP) basis. The case is set in th...
ASU 2014-09: Transition Requirements 2014 11 This blog entry highlights the transition requirements for ASU 2014-09, Revenue from Contracts with Customers. This ASU requires companies to apply the new guidance retrospectively, but permits a choice of two transition methods. Both transition meth...
ASU 2014-17: Pushdown Accounting 2015 7 Can acquirees in business combinations adopt the same new basis of accounting the acquirer uses? The Financial Accounting Standards Board recently published a consensus position from the Emerging Issues Task Force (EITF), ASU 2014-17, Business Combin...
ASU 2015-08: Eliminating Superseded SEC Guidance On Pushdown Accounting 2015 11 The Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2015-08, Pushdown Accounting: Amendments to SEC Paragraphs Pursuant to Staff Accounting Bulletin No. 115, in May 2015. ASU 2015-08 finalizes certain changes to t...
Attestation Services: Opportunity For Practice Growth 1998 15 Discusses the importance of exploring the impact of the attestation standards on the nature and scope of public accounting. Purpose for adopting the attestation standards in the mid 1980s; Details on attestation standards; Areas of practice.
Audit Risk And IFRS: Does Increased Flexibility Increase Audit Risk? 2009 56 Recent developments suggest that the United States may be quickly moving toward adopting International Financial Reporting Standards (IFRS). In November 2007, the SEC eliminated the requirement for foreign registrants who submit financial statements ...
Daimler AG Case: Developing An Eye For IFRS 2016 33 The case that follows aims to help students develop a better understanding of International Financial Reporting Standards (IFRS). This case uses the financial statements and accounting policies note for a company that reports under IFRS, Daimler AG. ...
The European Union's Role In International Standards Setting: Will Bumps In The Road To Convergence Affect The SEC's Plans? 2005 33 The move toward accounting harmonization around the standards being developed by the International Accounting Standards Board (IASB). Presently, 65 countries require their listed companies to use the IASB's International Financial Reporting Standards...
Exploring Accounting And Reporting Alternatives For The Inventory LCM Procedure: A Teaching Aid 2016 16 There are many interesting theoretical and practical issues surrounding the application of the lower of cost or market (LCM) procedure in the valuation of inventories. These issues include the mechanics of recording the reduction in inventory value a...
Instructional Case: Ryder System, Inc. -- Reporting The Results Of Operations 1995 13 Ryder System, Inc.: Reporting the Results of Operations is based on the experience of an actual company during the mid to late 1980s and early 1990s. During this period, Ryder System, Inc., as well as many other companies, experienced a series of dis...
Long-Term Construction Using The Percentage-Of-Completion Method: A Teaching Aid 2017 31 The percentage-of-completion method of accounting for long-term construction projects represents an important exception to the principle that revenue is not recognized until the associated performance obligation has been fully satisfied. This method ...
Peyton, Inc: An IFRS Project For The First Intermediate Accounting Course 2012 19 In 2008, the Securities and Exchange Commission (SEC) proposed a roadmap to issuing new rules that would require US domestic listed companies to adopt International Financial Reporting Standards (IFRS) by as early as 2014. Last year, the SEC suggeste...
Potential Effects Of The Changing EPS Calculation Rules 1998 16 Earnings per share (EPS) is among the most widely cited measures of financial performance for public companies. As an individual statistic, and as a component of the price/earnings ratio, EPS is a central feature in the reports of rating services, th...
The Private Company Financial Reporting Committee: A New Voice In FASB's Process 2008 15 The Private Company Financial Reporting Committee (PCFRC) began its work as an official part of FASB's standards-setting process in January 2007. The PCFRC's role is to provide systematic input on proposed and existing standards from a private compan...
A Survey Of Attestation Practices 1996 18 Attestation services, provisions of assurance on assertions other than those in historical financial statements, represent a recently formalized area of accounting prac­tice. This exploratory study surveys AICPA professionals in public accounting to ...
Target Versus Tesco: Comparing The Reporting Of Cash Flows Under GAAP And IFRS 2015 63 Convergence of U.S. Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) has been a high-profile issue for several years. However, in a report released by the Securities and Exchange Commission (SEC) ...
Understanding And Applying The New ESOP Reporting Requirements 1993 73 A proposed statement of positions (SOP) by the Accounting Standards Executive Committee may substantially change accounting for ESOPs. The authors discuss the history of ESOPs, the proposed SOP, and its implications.