Accountants Provide Humorous Alternatives for 'XYZ'

The AICPA has spoken, and the official new name for the proposed global business credential is Strategic Business Professional, which will be shortened to IISBP. The IISBP takes the place of "XYZ" which was being used as a temporary fill-in for the rejected name, Cognitor.

Before the AICPA reached its final decision, Electronic Accountant, the online counterpart to the print publication, Accounting Today, conducted a contest among its readers to choose a name for the professional designation.

The tongue-in-check name entries received by Electronic Accountant demonstrate that, contrary to some public opinion, accountants have a humorous side. Runners up for the grand prize of a Palm V handheld computer include:

  • CUBIC - Certified Universal Business Information Consultant - described by Atlanta CPA Rob Augenstein as "the multidimensional accountant."
  • Carnak - One Who Knows Everything - a nod to former Today show host Johnny Carson's famous turbaned character, submitted by Carmel, Calif. CPA Suzanne Frueh.
  • Quaestor - Ancient Roman officials responsible for finance and administration - described by Rhea Stadtmauer, who suggests it can also be shortened to "Q" for the all-knowing race in the Star Trek series.
  • Omnipitor - A kissing cousin to "Cognitor," it describes an all-knowing being. "We're looking forward to adding this on the door in big, bright letters, maybe some flashing neon," write Sherman Oaks, Calif. CPA Bill "Ominipitor."
  • CDA - Gill, Colorado accountant Brian D. Kennedy cut to the chase with his entry, defined as "Certified to Do Anything."
  • New Coke - Martinsville, Va. CPA Christina Mallard zings the AICPA with her reference to the disastrous attempt by the Coca-Cola company to mess with its famous brand.
  • NNN - Los Angeles, Calif. Finance executive George Noreika makes no bones about his opinion of the proposed credential with this moniker, which stands for "No test. No credibility. No acceptance."
  • Certified Business Hustler - University of Texas professor of accounting Harley Courtney shows his disdain for the global credential with his choice. "My understanding is that the certification will cover a broad range of competencies. This appellation will cover almost anything one desires to do."

The contest winner who, according to editors at Electronic Accountant, submitted the most creative, pithy, and appropriate replacement for the "XYZ" description is Newington, Conn. CPA Paul H. Glotzer with the name, KIA: Know It All.

You may like these other stories...

The Auditing Standards Board of the American Institute of CPAs (AICPA) has issued two new audit interpretations intended to help auditors navigate the pension accounting guidelines for state and local governments that were...
The responsibilities of the CFO and other finance professionals have moved way beyond just corporate accounting and financial reporting. Finance teams must now be well-versed in such areas as strategic business planning, IT...
The number of CPAs and financial executives who are optimistic about the US economy has surpassed the 50 percent mark for the first time since the recession, according to results of a new survey released by the American...

Upcoming CPE Webinars

Jul 16
Hand off work to others with finesse and success. Kristen Rampe, CPA will share how to ensure delegated work is properly handled from start to finish in this content-rich one hour webinar.
Jul 17
This webcast will cover the preparation of the statement of cash flows and focus on accounting and disclosure policies for other important issues described below.
Jul 23
We can’t deny a great divide exists between the expectations and workplace needs of Baby Boomers and Millennials. To create thriving organizational performance, we need to shift the way in which we groom future leaders.
Jul 24
In this presentation Excel expert David Ringstrom, CPA revisits the Excel feature you should be using, but probably aren't. The Table feature offers the ability to both boost the integrity of your spreadsheets, but reduce maintenance as well.