Patrick Casabona

Professor Patrick A. Casabona, holds a Ph.D. in Finance from Graduate College of the City University of New York. He has presented fifty-three papers to academic and professional forums and has published: twenty-seven peer-reviewed proceedings, fourteen abstracts, twenty-four monographs (published by Deloitte & Touche and its predecessor firm, Touche Ross & Co.), six chapters in books, three recent publications dealing with valuation and management risk-hedging methodologies related to complex derivative financial instruments and other complex investments, which were published on the FASB website, and a textbook, Investment Pricing Methods, A Guide for Accounting and Financial Professionals, which was sponsored by the FASB.  He has published eighteen articles (five basic research and thirteen applied research articles) in such peer-reviewed journals as: The Government Accountants Journal, the Review of Business and Economic Research, the Journal of Portfolio Management, the Journal of Business, Finance and Accounting, Financial Management, The Practical Accountant, Management Accounting, the Review of Business, and AFP Exchange. Professor Casabona has also served as issue editor for the Review of Business, as a technical reviewer of accounting and finance articles for a number of journals and has reviewed almost a dozen textbooks. 

Professor Casabona has worked as a Financial Economist for General Motors Corporation, in the Treasurer's office, where he prepared economic and financial forecasts and reports. He was a systems and management Procedures Analyst for the Board of Education, Bureau of Supportive Services, where he designed managerial and operating and procedural systems for various Bureaus in the Board of Education of New York City.

Professor Casabona has served as a financial and economic advisor to a number of professional and academic business organizations and governmental entities and included the following activities: (a) serving as an accounting training advisor for Deloitte & Touche and Touche Ross & Company; (b) serving as a financial management advisor for the Mid-Hudson Group Inc., which designs financial systems and managerial budgeting processes for various business organizations; (c) serves as a member of the board of directors of RiskCenter LLC, and (d) served as a member of the Board of Economic Advisors of the New York State Assembly Ways and Means Committee under Governor Cuomo. He evaluated comprehensive economic forecasts and budget projections for the State of New York, which included the key revenue and expense items to be reported to the Assembly and Governor of New York State. He also developed an accounting and finance training program for the professional staff of the Committee. He served as an economic advisor on environmental economic project for Congressman Guy Molinari, Staten Island, U.S. House of Representatives.

Professor Casabona served as a member of the FASB's Derivatives Accounting Training Committee and assisted in developing an intensive training program for accounting professionals and academics on SFAS No. 133, "Accounting for Derivative Instruments and Hedging Activities." He co-authored an article entitled "Summary of Derivative Types," which was published on the FASB's website during 1998 and 1999. He extended his research, at the request of the international accounting organization of standard setters (G 4+1), to produce a special FASB Report, "The Accountant's Handbook for Investment Pricing Methods Commonly Used by Investment Analysts". Chapters 1 and 7 of the report are published on the FASB's website as reference material for the FASB's derivatives training course entitled: "A Review of SFAS 133, Accounting for Derivative Instruments and Hedging Activities", which was published in 1998 and revised in 2001.

E-mail: casabonp@stjohns.edu