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Thomas Klein, CPA

Thomas Klein, CPA, Managing Member, KleinCPA PLLCManaging Member
KleinCPA PLLC
Member of the Accounting Council

Thomas Klein is a Faculty Member in the University of Arizona's Eller College of Business. Mr. Klein teaches Taxation and Financial Accounting courses, both at the undergraduate and graduate (MBA, Masters of Accounting) level. He is also the Managing Member of Klein CPA, a former Deloitte & Touche National Firm Director, and an expert contributor to CNNMoney.com. Mr. Klein has over 20 years of experience in the practice of public accounting (Audit, Taxation, & Financial Accounting). Mr. Klein’s teaching interests in the tax area include corporate, multistate, and multinational taxation and mergers & acquisitions and teaching interests in the financial accounting area include earnings management, accounting for stock compensation plans, accounting for income taxes, leases, and consolidations and the statement of cash flows. Mr. Klein has extensive industry expertise in the Healthcare and Retail areas. He has authored feature articles in many of the accounting profession's top journals. (This is me - Update Profile)


Employment History
2001 - present Managing Member
KleinCPA PLLC
2001 - present Faculty Member, Accounting & Taxation
University of Arizona - CC
1988 - 2001 National Firm Director
Deloitte & Touche L.L.P.
1984 - 1988 Superviser
Grant Thornton/Frazer & Torbet

GLG NewsSM Analyses by Thomas Klein, CPA(?)

Opinions and analyses expressed in GLG News are solely those of the author. See the Terms of Use for details.
Securty Writedowns Today May Lead to Massive P&L Charges Later for C, MER and Others | 04-21-2008
Analysis of: A Way Charges Stay Off Bottom Line | online.wsj.com
Author: Thomas Klein, CPA, Managing Member, KleinCPA PLLC

Depending upon management's classification of a security (i.e., either "trading" or "available for sale"), a charge may or may not appear on the income statement in the same period as the write-down on the balance sheet. If the security is classified as a trading security, the charge on the income...

Investors Punish GM Stock, in Part on Large Deferred Tax Adjustment. | 11-07-2007
Analysis of: GM Posts Huge Loss | online.wsj.com
Author: Thomas Klein, CPA, Managing Member, KleinCPA PLLC

Investors fled General Motors following the release of its Q3 results.  The reported loss for the quarter was $38.96 billion of which 99% of the loss ($38.6 billion) resulted from the write-down of deferred tax assets.  Have investors overreacted to the noncash charge or is the decline in...

Despite Protests, FASB Will Not Defer Effective Date of New Tax Accounting | 01-17-2007
Analysis of: FASB to Implement Tax Changes Without Delay | www.msnbc.msn.com
Author: Thomas Klein, CPA, Managing Member, KleinCPA PLLC

The FASB received over 400 letters representing more than 1,000 companies’ concerns about implementation issues related to FASB Interpretation #48 (FIN 48).  The vast majority of the letters requested a deferral of the effective date of the new Interpretation; fiscal years beginning after December...

FASB to Consider Deferral of New Tax Accounting for Uncertain Tax Positions | 01-16-2007
Analysis of: FASB Weighs One-year Delay for FIN 48 | www.cfo.com
Author: Thomas Klein, CPA, Managing Member, KleinCPA PLLC

FASB Interpretation No. 48 ("FIN 48"), Accounting for Uncertainty in Income Taxes, is scheduled to become effective for a company's first quarter beginning after December 15, 2006 (i.e., the quarter ended 3/31/07 for calendar year companies).  The FASB announced today that it will...

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