Dr. John Leavins
- Master of Business Admin - Business Administration - Lamar State College of Technology (1972)
- Bachelor of Business Admin - ACCT - Lamar State College of Technology (1968)
- Doctor of Philosophy - Business Administration - University of Houston
- "Improving Internal Controls over Inventory with RFID"
Review of Business Information Systems
Radio frequency identification (RFID) is a rapid growing technology that is transforming the way organizations track inventory and other tangible assets. When a company adopts RFID technology, it attaches tags to inventory items or other assets. These tags can be used to locate these items by using radio signals. The Committee of Sponsoring Organizations (COSO) established three objectives of an effective internal control system. Under COSO, a good internal control system should promote reliable financial reporting, the effectiveness and efficiency of operations, and compliance with laws and regulations. The implementation of RFID technology to track inventory can have a significant impact on accomplishing these objectives. Accountants, auditors and management should be familiar with RFID technology and understand the impact on RFID deployment on a company’s internal control structure. The purpose of this paper is to summarize the basics of RFID technology and examine how RFID technology can improve a company’s internal control over inventory. The advantages and disadvantages of RFID technology will also be summarized.
- "IRS Collection Options and Procedures"
Oil, Gas & Energy Quarterly
When a taxpayer has an unpaid federal tax liability, the IRS will aggressively use its powers to enforce collection. If a taxpayer is unwilling to liquidate assets to pay the tax liability, the collection division of the IRS will initiate the enforcement action. The IRS will usually focus first on the assets of the taxpayer to satisfy a tax liability. If the taxpayer’s assets are not sufficient, the taxpayer’s earnings will become the focus. To collect a tax liability, Code Section 6321, and Reg. Sec. 301.6331-1(a) authorize the District Director to attach a lien, levy a taxpayer’s assets and seize taxpayer property. The purpose of this article is to discuss the various collection options and procedures that are available to the IRS. The article also addresses the applicability of these issues to both the tax practitioner and the taxpayer.
- "Fast and Internal Control: Are they compatible?"
Fast Close is a system developed in response to the rapid need for financial reports after the end of the year. As speed is of the essence, some important internal control measures are omitted. This paper discusses the various options available to companies
IABPAD Conference, April 2010 (2010)
- "Legal and Ethical Implications of the Foreign Outsourcing of Tax Return Preparation"
International Business and Economics Research Journal
In recent years, the outsourcing of tax preparation to foreign service providers has grown substantially. The benefits of outsourcing include lower costs and obtaining additional assistance during the busy tax season. However, some have raised both legal and ethical questions regarding this process. Arguments against the practice include problems related to ensuring confidentially of the information transmitted and the inability to adequately supervise personnel in foreign locations. This paper explores the legal concerns and ethical questions regarding outsourcing in light of the Gramm-Leach-Bliley Act, the Internal Revenue Service requirements, and the American Institute of Certified Public Accountant’s Code of Professional Conduct. In addition, the paper summarizes the most recent pronouncement of the AICPA on the subject.
(2010) Vol. 9 Page 7
- "New Developments in Financial Reporting with XBRL" (2011)
Allied Academies National Conference
Extensible Business Reporting Language (XBRL) is drastically changing financial reporting. It is an electronic business reporting computer language that makes financial reporting cheaper, faster, and more accurate. It is rapidly gaining worldwide acceptance and promises to radically change accounting and business reporting. The Small Business Administration, the SEC, and numerous other agencies are now requiring that financial reports be submitted in XBRL. This paper provides an overview of the new language, discusses its benefits, and summarizes its future impact on accounting and business.
- "XBRL: Recent Developments in Financial Reporting" (2009)
Academy of Accounting, Finance and Economics
XBRL is a new global standard for formatting financial information. It makes reporting and analysis faster, cheaper and significantly easier to automate. The new language is the foundation for dramatic change in the business and reporting environment. The Small Business Administration, the SEC, and numerous other agencies are now requiring that financial reports be submitted in XBRL. This paper provides an overview of the new language, discusses its benefits, and summarizes its future impact on accounting and business.
- "Meeting the Needs of Diverse Users with Fast Close" (2009)
Fast Close is a quick method of closing the books, so that information can be disseminated on time to the varied users of accounting numbers