Francis E. Scheuerell,
Jr., CPA, CMA
Frank Scheuerell joined Callaway Partners as
a partner in December, 2005 as Partner of Callaway's
Financial Reporting Services practice. He has
been actively involved in financial accounting
and reporting matters since 1982. Frank's extensive
experience includes accounting for business combinations,
corporate restructurings, leases, revenue recognition
(including those in the software and motion picture
industries), equity method investments, and consolidations,
including the implementation of FASB Interpretation
No. 46 (Revised), Consolidation of Variable
Interest Entities. He has extensive experience
addressing accounting and reporting issues for
the real estate, healthcare, software, entertainment,
and manufacturing industries.
Frank was a member of the AICPA's FASB Statements
No. 141, 142, and 144 Auditing Guidance Task Force.
He was also responsible for maintaining and updating
the following publications: Accounting for
Business Combinations, Goodwill, and Other Intangible
Assets - Interpretations of U.S. and International
Accounting Standards, (Aspen Publishers)
and the chapter on Financial Reporting Requirements,
"Corporate Controller's Manual," (Warren
Gorham & Lamont). He is a certified public
accountant in Florida and Illinois as well as
a certified management accountant (CMA).
Prior to joining Callaway Partners, Frank was
Vice President - Financial Reporting for HealthSouth
Corporation. He joined HealthSouth in June 2004
in the wake of one of the largest accounting frauds
in U.S. history to help rebuild the Company's
accounting organization and infrastructure. Prior
to joining HealthSouth, Frank was a Partner with
BDO Seidman, LLP in the accounting principles
group of the Firm's National Assurance Department.
From 1994 - 2001, he was a project manager with
the Financial Accounting Standards Board (FASB).
Frank also assisted in the preparation of two
Special Reports, A Guide to Implementation
of Statement 115 on Accounting for Certain Investments
in Debt and Equity Securities, and Reporting
Interests in Joint Ventures and Similar Arrangements.
He is the author of the chapter on construction
accounting in The IASC-U.S. Comparison Project:
A Report on the Similarities and Differences between
IASC Standards and U.S. GAAP.
Prior to joining FASB, Frank was an audit manager with Arthur Anderson. He received a bachelor of science degree
in accounting from Illinois State University.