Success Leaves Clues: The End of Accounting?

Course Details


Thursday, March 21, 2019

7:00am – 9:00am
(Registration: 6:30am)

Field of Study


Course Number


CPE Credit

2.0 hours CPE credit

Level of Knowledge



CalCPA Education Foundation




Generally Accepted Accounting Principles (GAAP) fits an industrial enterprise, not an intellectual one. Financial statements seldom provide useful information to investors.

A CEO was asked what keeps him up at night, his response was, "Relevancy of our core products." In that case, The End of Accounting, by Professor Baruch Lev and Feng Gu, should contribute many sleepless nights to the entire accounting profession. The accounting model is suffering from what philosophers call a deteriorating paradigm—the theory gets increasingly complicated to account for its lack of explanatory power.

A majority of the developed world’s wealth resides in human capital; the type of capital not found in traditional GAAP financial statements. The End of Accounting finds that today's financial reports provide a small five to six percent of the information relevant to, and used by, investors. Learn more about this topic and what can be done.

Formerly titled: Success Leaves Clues: Exploring Next Practices of Extraordinary Firms: The End of Accounting?

Materials are provided as an ebook for this course.


  • Why accounting is suffering from a deteriorating paradigm.
  • Accounting is not a theory and therefore cannot deal with value in the future.
  • The Strategic Resources & Consequences Report as a supplement to traditional financial statements.
  • If The End of Accounting applies to public companies, does it apply to private companies?


  • Determine how accounting lost relevance.
  • Identify why is relevance lost.
  • Determine what can be done.
  • Identify implementation.

Designed For

CPAs and organizational leaders.

Registration for this course has passed.

Course Pricing

Member Fee

Applicable if you are a HSCPA member in good standing.

Non-Member Fee

Applicable if you are not a HSCPA member.

Your Price $94.00

CPE Choice

Learn more about CPE Choice.
This course does not qualify for CPE Choice.

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