Barry N Cooper
Office Hours: Please call for an appointment
Phone: +1 (212) 346-8886
Barry Cooper is an Associate Professor in the BMCC Accounting Department. An active Certified Public Accountant (CPA) in the State of New York, he earned an MBA degree in Taxation and is an expert in individual and corporate tax, IRS compliance, mergers and acquisitions, and classroom technology.
Professor Cooper was appointed to the BMCC Accounting Department in 2008, the same year he retired from the Internal Revenue Service (IRS), where he held the position of National Technical Adviser, Mergers and Acquisitions. In that role, he advised Revenue Agents and outside professional groups on IRS policy regarding Merger and Acquisition Transactions and related issues.
During his IRS career that spanned 38 years, Cooper taught at colleges and schools in the New York City area, including BMCC, where he was an adjunct professor.
In 2015, he was promoted at BMCC to his current position of Associate Professor and awarded tenure.
Professor Cooper is a dedicated professional who enjoys teaching and sharing his expertise with students. He has co-written articles for the CPA Journal on tax law changes, led workshops for BMCC faculty and staff on income tax updates, and helped coordinate the BMCC Volunteer Income Tax Assistance (VITA), which trains students to provide free income tax assistance.
Accounting, Auditing and Tax
- B.B.A. Pace College , Accounting ,1968
- M.B.A. Baruch College (CUNY) , Taxation ,1980
- The course covers the fundamental principles of accounting and the practical use of accounting tools and techniques. Topics covered include the definition and scope of accounting, accounting records and processes, books of original and subsequent entry, work sheets, adjusting and closing entries, accounting for cash, accounting for negotiable instruments, and accounting for plant assets. An investigation is made of accounting for service businesses and trading concerns.
Note: ACC 122 credit change from 4 credits to 3 credits, effective spring 2014.
- This continuation of Accounting I progresses from elementary to more advanced accounting concepts and conventions, including the use of accounting data in managerial decision making. Among topics covered are voucher system, partnership accounting, payroll preparation and taxes, and accounting for corporations. Study is made of accounting involved in the interpretation of financial statements, budgetary control, statement of cash flows, and management reports and analyses.
Note: ACC 222 credit change from 4 credits to 3 credits, effective spring 2014.
- Students are provided with fundamental knowledge of the Federal taxation laws and preparation of related tax returns. Federal income taxes for individuals, partnerships, and corporations are studied, and actual returns are prepared. Various items of payroll withholding and reporting procedures are discussed, and basic tax planning is explored.
Note: This course was formerly ACC 340.
- This course outlines the basic tax structure of the corporation and the partnership entity. Coverage includes the organization of the corporate and partnership entity, the capital structure, the determination and distribution of income, redemptions, liquidations, and reorganizations. Coverage also includes the taxation of the small business corporations. This course is designed to provide theoretical
and practical experience with tie-ins to applicable tax forms. The case study method will be used where applicable. A class project or research paper will be required.
Prerequisite: ACC 222 and ACC 241
- The course begins with a review of the accounting process. Topics covered include balance sheet presentation, the time value of money, accounting for cash, receivables, inventory cost and valuation procedures, plant and equipment accounting, including acquisition use, retirement and special valuation problems, accounting for intangible assets, current liabilities, and contingencies. Attention is given to the theory pronouncements issued by the Financial Accounting Standards Board and other standard-setting bodies. Prerequisite: ACC 222
- Emphasis is placed on the conceptual, analytical and practical aspects of cost accounting as a tool for planning and controlling the operations of a business. Topics studied include the cost accounting cycle, the job order cost system, process costing, allocation of costs, joint and by-product costs, payroll accounting and budgeting. Prerequisite: ACC 122
- The course is a continuation of Intermediate Accounting I. A detailed study is made of the accounting for long term debt, investments in stocks and bonds, leases, pensions, accounting for income taxes, and inflation accounting. Other topical coverage includes EPS, revenue recognition, preparation of the income statement, and the statement of cash flows. The stockholders? equity section of the balance sheet is examined, with particular reference to the accounting for capital stock, additional paid-in capital, and retained earnings. Attention is given to pronouncements issued by the Financial Accounting Standards Board and other standard-setting bodies. Prerequisite: ACC 330
Research and Projects
- B. Cooper, J. Wolfson, C. Crawford & W. Donnay, “The Dodd-Frank Regulatory Reform and Consumer Protection Act,” ,The CPA Journal
- B. Cooper & J. Barker, a??Key Facts about the New FATCA Rules Reporting Requirements and Penalties for Individual Taxpayersa?? ,The CPA Journal
- B. Cooper & A. Seyam, a??The New York Nonprofit Revitalization Act of 2013: Enhancing The Governance and Accountability of the Not-For-Profit Organization around the World,a?? ,GSTF Journal on Business Review (GBR) Vol.4 No 1
- B. Cooper, C. Crawford & J. Wolfson, a??Update on New Tax Law Changes – 2011 Tax Return Preparation & Strategic Planning for 2012,a??,The CPA Journal
Honors, Awards and Affiliations
- CPA LIcense – New York (1984)