Jerry Arcy

Managing Director, Duff & Phelps

Jerry ArcyJerry Arcy, is a managing director at Duff & Phelps and serves as Duff & Phelps global leader for its Financial Services industry sector. Jerry has more than 30 years of experience as a principal, consultant and auditor.

Jerry directs Duff & Phelps' services to financial services entities worldwide. As a consultant and principal, Jerry has experience advising board members and senior officers on critical financial initiatives, developing and implementing strategies and operational business plans, enhancing asset/liability management, servicing and asset administration, valuing financial and operational cash flows, creating investment grade rated financial instruments, designing/evaluating/negotiating credit facility structures, designing financial reporting systems, evaluating the quality of and risks associated with various cash flow streams, acquiring/disposing of pools of assets and developing cash forecasting models for financial and real estate-related entities.

 Jerry also brings experience gained from structuring and evaluating over 800 securitized credit transactions aggregating more than $200 billion. He has valued thousands of financial instruments, businesses and contract matters. He has worked nationally with and supported many global entities in designing, structuring, valuing and accounting for almost all aspects of a financial services business, including its financings (including securitized) credit scoring, credit ratings, technology platforms, human capital and others intangible assets across five continents. Either as a principal or an audit partner at PricewaterhouseCoopers, he worked on over 20 initial public offerings and dozens of subsequent capital raises and mergers & acquisitions drafting or attesting to disclosures on transactions and other financial information. He has directed a commercial lending program, residential mortgage REIT and an asset manager that had investments in over $50 billion of commercial and residential real estate. Jerry also has served as an expert witness/consultant in numerous litigation matters.

 Jerry received his B.S. in administration from the University of Michigan, where he graduated cum laude, is a certified public accountant licensed in New York, Maryland and Florida, an accredited business valuation specialist and also a member of the American Institute of Certified Public Accountants and the Florida Institute of Certified Public Accountants.


Richard G. Larsen

Richard Larsen

Richard Larsen is a distinguished professor in the School of Business. He teaches tax and management courses in undergraduate, MBA and Executive MBA programs. He previously taught as an adjunct professor at the University of Maryland and in the Graduate Tax Program at American University. Prior to joining the faculty at George Mason University, Larsen was a partner in Ernst & Young LLP's National Tax Department in Washington, D.C., where he focused on tax accounting and risk advisory services and corporate tax matters for aerospace and defence clients, and internal practice management issues. At his retirement, he was the Global Director of Tax Risk Services and served on Ernst & Young's Global Advisory Executive board. Larsen previously served as the Tax Managing Partner of Ernst & Young's Washington and Stamford offices and the Regional Director of Tax of the Mid-Atlantic Region. Prior to joining the Ernst & Young, Larsen worked on the personal staffs of three U.S. Senators. He currently serves on the board of directors of Tax Analysts and the Northern Chapter of the Virginia Society of CPAs, the Accounting Advisory Board for BNA, the Internal Revenue Service Advisory Council, finance committee of the Washington National Cathedral and is a frequent lecturer. Larsen received his BBA, with honors, from The George Washington University and his Juris Doctorate, with honors, from The George Washington University Law School. He also attended the Advanced Management Program at the Columbia University School of Business. In 1992 he was awarded George Washington University's Outstanding Alumnus Award, Beta Alpha Psi honorary society, the Phillip A. Blanchard Award for excellence in undergraduate teaching by the George Mason University chapter of Beta Alpha Psi, and the 2013 Outstanding Faculty Award by the students in the MS in Accounting Program.

 He is a certified public accountant licensed in the state of Virginia and is also a member of the American Institute of Certified Public Accountants, and the American Accounting Association, the American and Virginia Bar Associations and, the National Association of Corporate Directors.



Andy Smith

Andy SmithAndy Smith is a Principal and Senior Managing Director with The McLean Group, a middle market investment bank. He leads the firm's business valuation practice, which performs business valuations for public and private companies for transaction, financial reporting, equity incentive plan, tax, and other purposes.

Andy Smith was named one of Washington, DC's "Top 50 CPAs" by Smart CEO Magazine. Mr. Smith has been an Adjunct Professor with George Mason University's MBA Program and is also a frequent speaker and author on business valuation topics. He has been a national instructor with NACVA and also a guest lecturer at the University of Maryland's and John Hopkins University's MBA programs. He also has been a designated expert witness in numerous court cases. Mr. Smith is a graduate of the University of Richmond's E. Claiborne School of Business. He is a Certified Public Accountant and holds multiple valuation credentials. He is also a FINRA registered representative and holds Series 7, 28, 63, 79 and 99 licenses.


Daniel P. Clark

Daniel ClarkDan, is a Tax Partner at E&Y's office in McLean, Virginia. Dan has close to 32 years of experience working with both publicly listed multinational corporations and small- and mid-size entities. He is currently the Tax Account Leader on several large multibillion dollar publicly traded corporations.

As lead tax partner on a number of audit engagements, Dan has extensive experience working with financial reporting issues regarding ASC 740 and other tax accounting related items.

 Dan has worked on a number of projects dealing with structuring the optimal domestic or international acquisition scenario for the purchase of corporate assets (or stock) and how such acquisition will impact financial reporting results and cash flow. In addition, he has assisted clients with NOL planning, choice of entity, accounting method issues, general business and foreign tax credit utilization scenarios and offshore deferral techniques.

 Dan has extensive experience with a variety of income tax accounting method issues including rules for taxable year of deductions, uniform capitalization and income recognition.

 Selected clients include; Lockheed Martin, Booz-Allen, CACI, General Dynamics Corporation, VSE, Danaher Corporation, and Lafarge North America

Dan received a law degree from the College of William & Mary and a Bachelor of Science in accounting from Virginia Commonwealth University. He is a member of the American Institute of Certified Public Accountants and the Virginia Bar Association. He is a licensed Certified Public Accountant in Virginia, Maryland and the District of Columbia.


Paul H. Calabrese

Paul CalabresePaul Calabrese, CPA, is a Senior Manager, Rubino & McGeehin CPA's and Consultants. He provides accounting and consulting services to the non-profit and government contracting clients. He has over 30 years of professional experience and is a dynamic trainer, with expertise in federal grant awards, and related indirect cost rate development and the associated agency submissions under OMB Circular A-122.

Paul has experience with grant awards per OMB Circular A-110 and certain agency-specific requirements such as the HHS Grants Policy Statement. On the federal procurement side, Paul has experience with Cost Accounting Standards (CAS) and CAS disclosure statements, Federal Acquisition Regulation Cost Principles (FAR), Department of Defense (DOD) FAR Supplement, and the Defense Contract Audit Agency (DCAA) manual.

Paul received his BS in Business Administration with a core in accounting from George Mason University. Paul is a member of

• Greater Washington Society of CPAs
• Past Chair, non-profit committee
• Maryland Association of CPAs


Gary F. Bulmash

Gary F. Bulmash
Gary F. Bulmash, CPA, is a Distinguished Tyser Teaching Fellow at the Robert H. Smith School, University of Maryland. Gary earned a Doctor of Business Administration from the University of Maryland, and as an expert on continuing education, accounting and auditing, he has received numerous awards and accolades for his public speaking initiatives. He has been recognized as a multiple award recipient for his work as an outstanding discussion leader by various state CPA societies and the American Institute of Certified Public Accountants. Gary regularly conducts CPE courses for State Societies and in-house for CPA firms. These courses are primarily accounting & auditing (including ethics). Gary is an emeritus faculty member at American University in DC. He also maintains affiliations with a number of organizations, including the GWSCPA, the Maryland Association of Certified Public Accountants, Inc., The American Institute of Certified Public Accountants, and the American Accounting Association.


George Mason University School of Business

Ranked by U.S. News & World Report in the top 15 percent of all AACSB accredited business schools, the School of Business is one of only 10 percent of business schools worldwide that is accredited in both business and accounting by the Association to Advance Collegiate Schools of Business (AACSB) International.





Main Campus
School of Business
4400 University Drive, MS 1B1
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Fairfax, VA 22030

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