Edward R. Jenkins

Color portrait of Edward R. Jenkins

Professor of Practice in Accounting

Department Accounting
Office Address 321 Business Building
Phone Number 814-865-0602
Email Address erj2@psu.edu

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Edward R. Jenkins is a seasoned business executive that possesses an extensive educational background in business. That combination of experience and education provides practiced realism in his writing and teaching.

Expertise

Taxation, accounting and finance with special interests in multinational taxation, mergers and acquisitions, and ASC 740.

Education

Master of Taxation (Joint LLM Program in Law School), Tax Law (Corproate and International Tax Law), Villanova University, 2001

MBA, Accounting and International Business (International Business), The Pennsylvania State University, 1984

BS, Economics (International), The Pennsylvania State University, 1977

Courses Taught

ACCTG 806 – Taxes and Bus Plan (3)
Effects of tax regimes on decision-making, tax planning and market outcomes. Also, ethics, tax research, and policy.

ACCTG 405 – Prin of Tax I (3)
Elements of tax policy and tax-planning concepts for personal and business decision making; with emphasis on taxation of individuals. ACCTG 405 Principles of Taxation (3) Introduction to Taxation, is the first course that undergraduate accounting majors take that is devoted entirely to taxation. Although the course is intended for accounting majors, the content is relevant to finance majors seeking elective courses. The objective of the course is to provide students with a basic understanding of the concepts, terminology, and decision-making skills specific to the discipline of taxation that are germane to the professional development of those preparing for a career in accounting. Although the course surveys the many forms of taxation that are found in industrialized societies, and the comparisons thereof, the main focus is on the federal income taxation of individuals. However, coverage is provided regarding the manner in which the taxation of individuals relates to corporate and partnership entities. ACCTG 405 is related to other accounting courses through its coverage of income concepts, and micro-economic principles. The former compares differences in the measurement of financial accounting income with the manner in which income is determined according to the tax laws. The latter emphasizes business decision-making principles that are important in the managerial portion of the accounting program. The course covers topics that illustrate fundamental tax strategies and how such enable taxpayers to achieve business and personal economic objectives. The assessment process in ACCTG 405 incorporates examinations, homework assignments, and individual and group projects. The exams are combinations of objective questions and open-ended problems. Exams are often given in the evening. Course learning aids include a text book, on-line tax research services, spreadsheet software, and a packet of handouts prepared by instructors to keep the classes updated on the many changes in the tax laws that occur each year.

ACCTG 812 – TAXATION (3)
Introduction to U.S. federal income tax, covering the basics of taxation of individuals, corporations, flow-through entities and property transactions. ACCTG 812 is part of a series of four accounting courses designed to provide students with the core accounting knowledge needed for an accounting career in industry. This course introduces students to the U.S. federal income tax system. It discusses the pervasive nature of taxation in the U.S. economy and teaches students how to recognize major tax issues, with an emphasis on understanding how they impact economic decision-making. Course content focuses on: (1) developing familiarity with the tax research process and the basic principles of tax planning, (2) the taxation of individuals, and (3) the taxation of business entities including corporations and partnerships.

ACCTG 496 – Indep Studies (Variable)
Creative projects, including research and design, which are supervised on an individual basis and which fall outside the scope of formal courses.

ACCTG 404 – Managerial Acctg (3)
Accounting techniques as planning, control, and motivating devices in business and other organizations; accounting data for decision making and performance evaluation. ACCTG 404 Managerial Accounting (3) This course emphasizes the use of accounting information for internal purposes as opposed to the external disclosure focus of the financial accounting course. The cost covers the vocabulary and mechanics of cost accounting and the design of management accounting systems for planning and controlling operations, and for motivating personnel. The course integrates accounting with ideas from data analysis, decision analysis, finance, microeconomics, and operations management. The themes stressed throughout the course will be the notion that information is costly; the circumstances that necessitate cost allocation, the idea that different costs and different allocation schemes apply for different purposes; and fundamentals of incentive and compensation plans. Among the topics covered are cost behavior, cost-volume analysis, relevant costs, and the use of cost information for decision making. The course will rely on lectures and discussion of case studies.

ACCTG 481 – Financial Statement Analysis: Accounting Based Evaluation and Decision Making (3)
An accounting based evaluation and decision making approach to analyzing financial statements by studying business and firm valuation.

B A 250 – Small Business Management (3)
Analysis of problems of the small firm, particularly for the student who wishes to venture into business.

B A 321 – Contemporary Skills for Business Professionals (3)
Emphasizes the development of individual, group, critical thinking, and presentation skills, through the application of modern method and business technology.

B A 421 – Project Management (3)
Introduction to Project Management covering all phases of a project including proposal development, planning, execution, and closing.

FIN 301 – Corporation Finance (3)
Nature of finance function; risk and return concepts; working capital; dividend policies; mergers; security markets; acquisition and management of corporate capital; analysis of operations, forecasting capital requirements; raising capital; and planning p

FIN 301H – Corporation Finance (3)
Nature of finance function; risk and return concepts; working capital; dividend policies; mergers; security markets; acquisition and management of corporate capital; analysis of operations, forecasting capital requirements; raising capital; and planning p

B A 495A – Internship in Business (Variable)
Guided professional practicum in business administration involving an internship with a business organization; practice of business skills in field setting.

ACCTG 211 – Financial and Managerial Accounting for Decision Making (4)
Introduction to the role of accounting numbers in the process of managing a business and in investor decision making.

B A 495C – Undergraduate Research in Business (variable)
Guided student research in business administration; application of analytical or research techniques to business problems.

B A 322 – Individual and Interpersonal Effectiveness for the Business Professional (3)
Effectiveness of the business professional in team settings, especially the capacity to execute both technologically and cooperatively through group exercises.

FINSV 420 – Estate Planning for the Financial Services Professional (3)
Studies the processes relating to the use, conservation, and transfer of an individual's wealth; emphasizing investments, insurance and taxation.

MKTG 327 – Retailing (3)
Management of marketing institutions in distribution channels from producers to consumers. Emphasis on retail institutions: location, personnel, merchandising, control, promotion.

FIN 305W – Financial Management of the Business Enterprise (3)
Development of advanced practices of financial management and their application to decision making in a business firm.

MGMT 301 – Basic Management Concepts (3)
Study of fundamental principles and processes applicable to the understanding of management. May not be used to satisfy Smeal College baccalaureate degree requirements. Not available to students who have taken B A 304.

Selected Publications

Jenkins E. R., "Finding opportunity in the zone." Lehigh Valley Business Journal, 2019, www.lvb.com/article/20190305/LVB01/190309954/column-finding-opportunity-in-the-zone, Invited
Jenkins E. R., "Embrace the Technology Evolution." Pennsylvania CPA Journal, vol. 90, no. 1, 2019, pp. 18-20, www.picpa.org/articles/picpa-news/2019/03/04/pa-cpa-journal-embrace-the-technology-revolution, Invited
Jenkins E. R., "IRS Pressure Mounts on Unreported Foreign Accounts." 2018, www.cpbj.com/irs-pressure-mounts-on-unreported-foreign-accounts-guest-view/, Invited
Jenkins E. R., "The Offshore Voluntary Disclosure Program and Cryptocurrency." The Tax Adviser/Tax Insider, 2018, www.thetaxadviser.com/newsletters/2018/apr/ovdp-cryptocurrency.html, Invited
Jenkins E. R., "Don't Get Twisted by the Big Stretch." vol. 88, no. 4, 2017, pp. 4, www.picpa.org/articles/journal-articles/article/federal-tax-article/2017/11/30/don-t-get-twisted-by-the-big-stretch, Invited
Jenkins E. R., "The Pennsylvania CPA Journal." Complex Partnerships Under New Review, vol. 88, no. 4, 2017, pp. 30-32, www.picpa.org/articles/journal-articles/article/2017/11/30/complex-partnerships-under-new-review, Invited
Jenkins E. R., "State College consultant makes sense of taxation." 2016, www.centredaily.com/news/business/article69636922.html, Invited
Ed Jenkins teaches, practices accountingHe specializes in federal, international taxationThe filing deadline for IRS tax returns is April 18
Jenkins E. R., "Is Fiorina’s tax proposal three sheets to the wind?." 2015, theconversation.com/is-fiorinas-tax-proposal-three-sheets-to-the-wind-50817, Invited
Jenkins E. R., "The Murky Issue of Contingent Fees." The CPA Journal, 2015, www.picpa.org/articles/picpa-news/2015/09/03/the-murky-issue-of-contingent-fees, Invited
A couple of recent court cases have raised a question: Can a registered CPA firm in Pennsylvania accept contingent fee arrangements, assuming the results of that work are included as a tax return position in an original return? There is an extensive body of rules and regulations regarding the acceptance of contingent fee arrangements, and this column highlights some of the most recent, and sometimes conflicting, guidance.
Jenkins E. R., "The Allure of Unclaimed Property Raises All Sorts of Passions." The CPA Journal, 2015, www.picpa.org/articles/picpa-news/2015/03/01/the-allure-of-unclaimed-property-raises-all-sorts-of-passions, Invited
Jenkins E. R., "The Sinking of the S.S. IRS." 2015, www.picpa.org/articles/picpa-news/2015/03/01/the-sinking-of-the-s.s.-irs, Invited
Jenkins E. R., "Let's Be Reasonable." The CPA Journal, 2013, www.picpa.org/articles/picpa-news/2013/06/01/let's-be-reasonable, Invited
Jenkins E. R., "Nothing Simple about COI Returns." Pennsylvania CPA Jpurnal, vol. 82, no. 4, 2011, pp. 2, www.picpa.org/Content/43343.aspx
Jenkins E. R., "Penalties are steep so make sure clients get FBARs filed." PA CPA Journal, vol. 82, no. 2, 2011, pp. 2, www.picpa.org/Content/42477.aspx
Jenkins E. R., "When IRS Audits Meet the Cash Method of Accounting." Pennsylvania CPA Journal, vol. 82, no. 1, 2011, pp. 2, www.picpa.org/Content/42231.aspx
Jenkins E. R., "Can’t Block Out Tax Law and Financial Reporting Cacophony." PA CPA Journal, vol. 81, no. 4, 2010, pp. 3, www.picpa.org/Content/41949.aspx
Jenkins E. R., "Taxes from COI Can Be Insult to Injury for Those Who Lose Homes." PA CPA Journal, vol. 81, no. 4, 2010, pp. 2, www.picpa.org/Content/41953.aspx
Jenkins E. R., "Double Trouble with Foreign Asset Reporting." PA CPA Journal, vol. 81, no. 3, 2010, pp. 2, www.picpa.org/Content/41762.aspx
Jenkins E. R., "Tax Return Preparer Rules Set to Change." PA CPA Journal, vol. 81, no. 2, 2010, pp. 2, www.picpa.org/Content/41502.aspx
Jenkins E. R., "Use of Tax Return Information Is Dangerous." PA CPA Journal, vol. 81, no. 1, 2010, pp. 1, www.picpa.org/Content/41272.aspx
Jenkins E. R., "Tips on debt consolidation and investment fraud." TV Program "Legislative Report" with local legislator, 2010
Jenkins E. R., "PICPA FTC Briefing Paper on ARRA 2009." 2009, www.picpa.org/Content/40986.aspx#/Content/Files/img/Advocacy/ARRATestimony/ARRA_001.jpg
Jenkins E. R., "PICPA Gives its Two Cents on IRS Tax Preparer Goals." The Pennsylvania CPA Journal, vol. 80, no. 4, 2009, pp. 2
Jenkins E. R., "PICPA FTC Position Paper on Tax Return Preparer Regulation." 2009, www.picpa.org/Content/41050.aspx
Jenkins E. R., "Change to Section 165 Shifts Theft Loss Recovery." Pennsylvania CPA Journal, vol. 80, no. 2, 2009, pp. 2, www.picpa.org/Content/40583.aspx
Jenkins E. R., "Tax Warning for Investment Fraud Victims." PICPA Taxation Web Page, 2009, pp. 1, www.picpa.org/Content/38709.aspx
Jenkins E. R., "You Can Give and Give But You Still Need a Receipt." The CPA Journal, vol. 79, no. 4, 2008, pp. 1
Jenkins E. R., "National Starch Acquisition Structure Helps with Divergent Minority of Shareholders." The CPA Journal, vol. 78, no. 4, 2008, pp. 1
Jenkins E. R., "Shake Up! Are You Ready for the Fallout from a Revised IRC Sec. 6694?." The CPA Journal, vol. 79, no. 3, 2008, pp. 3
Jenkins E. R., "Credit Crunch Plus Inflation Equals Really Bad News for Business." The CPA Journal, vol. 79, no. 2, 2008, pp. 1
Jenkins E. R., "Trying to Find the Line Before You Step Over It." The CPA Journal, 2007
Jenkins E. R., "FIN 48 from Different Perspectives." The CPA Journal, vol. 78, no. 2, 2007, pp. 7
Jenkins E. R., "Uncertainty in Mergers and Acquisitions." The CPA Journal, vol. 78, no. 2, 2007, pp. 1
Jenkins E. R., "Trying to Find the Line Before You Step Over It." The CPA Journal, vol. 77, no. 4, 2007, pp. 26
Jenkins E. R., "Disciplinary Hearings: Open or Shut Case?." The CPA Journal, 2006

Research Impact and Media Mentions

"Roundtable on Diversity in the Accounting Profession", Smeal College, Live event
"Effect of ARRA 2009 on PA", WGAL TV, Television

Editorship

The Pennsylvania CPA Journal, Editorial Board, (www.picpa.org/articles/journal-articles/article/federal-tax-article/2017/11/30/don-t-get-twisted-by-the-big-stretch), July 2004 - Present
Serve as Editorial Board Member. Chair of Board 2015-16.