Why Did Gymboree Go Bankrupt?
Two bankruptcies in 18 months...some are blaming Bain Capital's leveraged buyout, which left Gymboree saddled with debt.
Can Stockholders’ Equity be Negative?
Yes, a company can definitely have a negative book value. Just ask Sears.
Why isn’t Treasury Stock an Asset?
Come explore the wonderful world of contra-equity accounts.
What Causes Goodwill Impairments?
Bad times do bad things to goodwill. Seriously.
What is Zero-based Budgeting?
Every consulting firm proudly touts its expertise in ZBB - and this is the only time you'll hear Harvard grads get excited about budgeting.
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Why am I giving all this away?!?
Because education changed my life.
I’m an award-winning university professor who came from humble beginnings. Homeless at the age of seventeen, I dreamed of one day going to college. I was fortunate to achieve my dream, obtaining my PhD from Washington University in St. Louis and becoming a licensed CPA. I’m privileged to have a nice home, plenty of food, and an amazing spouse. Thus, I’ve dedicated my life to making education more accessible and helping others achieve their dreams.