Professor of Accounting and Taxation
Professor Patrick A. Casabona holds a Ph.D. and MBA in Finance from the Graduate School of the City University of New York. He is a professor in the Department of Accounting & Taxation of the Tobin College of Business, where he teaches financial accounting and financial statement analysis courses.
Dr Casabona has presented over 50 papers to academic and professional forums and has published almost 30 peer-reviewed proceedings, twenty five abstracts, almost forty monographs (published by Deloitte & Touche LLP and its predecessor firm, Touche Ross & Co.), six chapters in books, over 30 articles dealing with fair value measurements, valuation concepts and other complex investments, including research papers which were published on the FASB website, and a co-authored book, Investment Pricing Methods, A Guide for Accounting and Financial Professionals, which was sponsored by the FASB and published by John Wiley & Sons Inc. His articles were published in both academic and peer-reviewed journals, such 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. He has also served as both an Associate Dean of undergraduate business programs and Director of all graduate business programs at Saint John’s University and has served as a professor in both the Department of Economics and Finance and the Department of Accounting & Taxation during the past 35 years, where he developed many undergraduate and graduate finance and accounting courses.
Professor Casabona has served as a financial and economic advisor to a number of professional and academic business organizations and governmental entities, including the following activities: (a) serving as an accounting training senior manager consultant for Deloitte & Touche and Touche LLP; (b) serving as a financial management advisor for the Mid-Hudson Group Inc., which designed financial systems and managerial budgeting processes for various business organizations; (c) serving as a member of the board of directors of RiskCenter LLC, and (d) serving as a member of the Board of Economic Advisors of the New York State Assembly Ways and Means Committee, where 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 an 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 for two years. He was previously asked to extend his research on derivative financial instruments, at the request of the FASB, which lead to the publication of his co-authored book on investment pricing methods referred to above. Chapters 1 and 7 of this book were also 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 and co-authored by Dr Casabona.