A financial executive, James Kasim has a wealth of experience working with public companies in all aspects of financial reporting and regulatory compliance. Previously a senior manager at Ernst & Young, James (Jim) Kasim managed the company's form 10-K filings that were sent to the Securities and Exchange Commission (SEC).
Form 10-K is a detailed report of a public company’s performance submitted annually to the SEC. The SEC requires public companies to file form 10-Ks either 60, 75, or 90 days after the close of the fiscal year, depending on the size of the company.
A 10-K contains important information and is much more comprehensive than an annual report to shareholders. Information for the 10-K includes:
- Risk disclosures. Information about the risk and threats to a company is particularly useful to investors who want to know if the company is facing problems such as lawsuits or bankruptcy.
- Copies of financial statements. These include income statements, balance sheets, and statements of cash flow, which indicate the health of a business.
- Company operations. These are details on how the company does business and makes money.
- Accounting policies and procedures.
- Certifications from senior management and an independent auditor that the books are accurate and lack material deficiencies.
An accomplished financial professional with experience spanning investor relations, mergers and acquisitions, debt structuring, and compliance, James Kasim has served in a number of senior management capacities. A licensed CPA since 1994, James Kasim is a member of both the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants (CalCPA).
With 40,000 members covering 14 chapters statewide, the California State Society of Certified Public Accountants serves as a valuable networking platform for California CPAs. The organization also supports members in advancing their careers via a host of professional development resources including both in-person and remote learning opportunities.
CalCPA members can choose from over 1,300 events presented both in person and via webcast, with focus areas ranging from business ethnics and fraud prevention to strategies for training accounting staff. Each year, CalCPA hosts a total of 19 conferences concentrating on emerging trends across all accounting sectors, as well as CPE Weeks, which give members an opportunity to attend up to 40 hours of continuing education courses at multi-day programs in San Diego, San Luis, Palm Springs, Monterey, and Lake Tahoe. For accounting professionals in need of more flexible CPE opportunities, CalCPA also offers 150 self-study courses in on-demand, webcast and PDF formats, in addition to facilitating convenient onsite learning programs at its members’ offices.
A certified public accountant, James Kasim has been licensed to practice in California since 1994. He spent 12 years with Ernst & Young in Los Angeles, where he gained considerable experience ensuring compliance with a range of financial service industry rules and regulations. Among James Kasim’s areas of expertise is the Sarbanes-Oxley Act of 2002.
Named after its chief architects, Senator Paul Sarbanes and Representative Michael Oxley, Sarbanes-Oxley introduced significant regulatory changes to general financial practice and corporate governance. Many of its rules and policies amend or supplement existing security regulation in order to better protect investors from fraudulent corporate accounting activities.
The two key provisions of Sarbanes-Oxley are Section 302, which requires that senior management certify the accuracy of reported financial statements, and Section 404, which mandates that management and auditors establish internal accounting controls and methods to report on the sufficiency of those controls. Accounting professionals must be aware that organizations of all sizes must comply with these mandatory provisions.
A former senior manager at Ernst & Young, LLP, California resident James Kasim has dedicated more than two decades to the financial field. James Kasim has served in several executive capacities. His CPA designation has helped him along the way.
The Board of Accountancy for each state is responsible for coordinating CPA examinations and issuing licenses. All boards must adhere to regulations set forth by the National Association of State Boards of Accountancy. A person interested in obtaining licensure must complete an accounting program at an accredited college or university and achieve a successful score on the Uniform CPA Exam. In addition to multiple choice questions and written communication, the test will include the Document Review Simulation beginning in July of 2016. The task-based simulation requires candidates to make edits to a primary document based on relevant sources.
Further, CPA candidates must obtain professional work experience. Requirements vary by state. Specifically, California candidates are required to have one year of experience working in a public accounting firm. They must practice skills in management and financial advisory as well as consultation and compilation. Individuals aspiring to sign attest reports must gain 500 hours of attest experience.
James Kasim is a senior operations and finance executive based in California. A former member of the Report Quality Monitoring Committee of the California State Board of Accountancy, James Kasim has been a licensed certified public accountant (CPA) since 1994.
In California, individuals must fulfill a set of requirements and pass the Uniform CPA Exam to receive their CPA licensure. Requirements include a bachelor’s degree, a minimum number of semester units in accounting and business, and experience with an active CPA. One notable omission from licensure requirements is auditing experience, which has fallen out of favor in recent years.
Once looked at as a way for aspiring CPAs to “pay their dues,” logging audit hours is no longer considered an essential job function for CPAs in California. However, publicly traded companies still require auditing every year, creating a demand for CPAs with auditing and attestation experience. As such, many California CPAs choose to complete the 500 hours necessary to obtain auditing and attestation authority.
A financial executive located in California, James Kasim has held leadership roles at Ernst & Young LLP and Pacific Office Properties Trust, Inc. A Certified Public Accountant (CPA), James Kasim has served in various senior executive capacities in the financial services and commercial real estate industries.
CPAs offer an accounting and financial background that make them ideal candidates for leading businesses as CFOs. They are licensed accountants who have furthered their comprehension of accounting through additional education and obtained experience working in their field. In addition, they uphold ethical standards and present themselves in a professional manner that instills trust.
In the State of California, a CPA must hold a bachelor’s degree and complete 150 semester units in related course work. Financial reporting, auditing, business leadership, and financial statement analysis are among the classes a CPA candidate must pass for consideration. Successful completion of the California Professional Ethics Exam and one year of general accounting work are also necessary to sit for the Uniform CPA Examination, the final test that evaluates a person’s accounting comprehension.
With more than two decades of experience in capital markets, James Kasim has served as chief financial officer and treasurer of some of the most prominent commercial real estate companies. A certified public accountant (CPA) in California, James Kasim oversees corporate finance and financial reporting needs.
CPAs earn their license at a state or territory level. In California, a person must hold a bachelor’s degree in order to take the CPA examination. Unlike other states, 150 educational hours are not required; however, completion of 24 semester units in both accounting and business is mandatory. If a person chooses to take more than 24 accounting units, the overage can fulfill general business credits.
Once education requirements are met, a candidate will create an account with the California Board of Accountancy and have his or her transcripts forwarded to the board to request approval to sit for the exam. The state board will issue an authorization to test (ATT) once an applicant is approved, at which time he or she will pay the examination fee and schedule a testing within nine months.
James Kasim is a Certified Public Accountant (CPA) licensed to practice in California. After earning his CPA credential, James Kasim completed his master of business administration (MBA) with honors from the University of Southern California's Marshall School of Business, where he graduated with honors.
Given its high matriculation fees and rigorous admission requirements, the true value of an MBA degree is a topic of discussion in the professional world. How does an MBA benefit degree holders?
An MBA education enhances students' management skills while attuning their knowledge base and skill sets toward real-life situations. It also changes how students view the business world at large. The internship portion of an MBA-track education further provides students with networking opportunities that can be of value later in their careers.
Studies have shown that MBA graduates have a higher average annual incomes compared to holders of undergraduate university degrees. They also have better career opportunities with higher chances of securing executive management positions.
James Kasim is a senior management executive based in Los Angeles with over 20 years of experience in the financial sector. Before obtaining his MBA from the University of Southern California’s Marshall School of Business, James Kasim pursued accreditation as a Certified Public Accountant (CPA).
Though the responsibilities of CPAs vary depending on company requirements, the central job of a CPA is to provide high-quality, state-regulated accounting services. While the job title of “accountant” can be bestowed upon any individual employed by a company who manages finances, professionals may only claim the title of “CPA” if they have fulfilled a list of qualifications supplied and regulated by the state in which they work.
To become a CPA, professionals must have a four-year degree in accounting and pass two separate examinations in various accounting skills and business ethics. Additionally, CPA candidates must work in a position that is directly supervised by an active CPA for at least 1,800 work hours.
Once certified, a CPAs are required to maintain their financial knowledge by staying current and familiar with financial laws and regulations. They must also renew their CPA license by participating in continuing education courses at a renewal rate set by the state in which they are certified to work.
James Kasim previously worked with Ernst & Young, LLP, as a senior manager, and was the CFO of Pacific Office Properties Trust, Inc. James Kasim earned his MBA with honors from the University of Southern California (USC) Marshall School of Business.
One of the top business schools in the nation, the USC Marshall School of Business is committed to preparing its students and graduates for a career in the complex, competitive, global world of business. Through its emphasis on communication, analysis, and entrepreneurial skills, USC Marshall strives to expose its students to a wide scope of business opportunities while constantly innovating and experimenting.
In addition to undergraduate programs in accounting and business administration, it also offers a full range of graduate programs for both full- and part-time students These range from its traditional two-year program to a Global Executive MBA program that awards graduates with a certificate from Shanghai Jiao Tong University in addition to their USC Marshall degree.
Whether students are enrolled in undergraduate or graduate programs, they all go through USC Marshall’s Experimental Learning Center. An important supplement to their classroom courses, the Center gives students the chance to practice and learn interpersonal and management skills. Led by professional trainers, students in the Experimental Learning Center also watch video capture of their presentations and exercises to better understand key concepts and to see how they handle different situations in real time.
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