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Financial Reporting & Analysis: Executive MBA
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Managerial Accounting: Executive MBA
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Financial/Managerial Accounting: Executive MBA
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Financial Accounting: MBA and undergraduate
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Managerial Accounting: MBA and undergraduate
- Financial
Statement Analysis: MBA and undergraduate
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Doctoral Seminar in Financial Accounting
RESEARCH
PUBLICATIONS -- click here for downloadable research papers
"Emphasis
on Pro Forma versus GAAP Earnings in Quarterly Press Releases:
Determinants, SEC intervention, and Market Reactions" (with
A. Davis and D. Matsumoto). Forthcoming, The Accounting Review,
October 2005.
"Determinants
of Revenue Recognition Policies for Internet Firms" (with A.
Davis and S. Rajgopal). Contemporary Accounting Research,
forthcoming, Winter 2002, pp. 523-562.
"Do
Conference Calls affect Analysts’ Forecasts?" (with A. Davis
and D. Matsumoto). The Accounting Review, April 2002,
pp. 285-316.
"Evidence
on EVA®" (with G. Biddle and J. Wallace), Journal
of Applied Corporate Finance, 1999, vol. 12, no. 7, Summer,
pp 8-18. Also published in Corporate Governance at the Crossroads:
A Book of Readings by D. Chew and S. Gillan, McGraw-Hill,
2004.
"Economic
Value Added: Some EVAdence" (with G. Biddle and J. Wallace),
Managerial Finance, 1998, vol 24, no. 11, pp. 60-71.
"Does
EVA® beat Earnings? Evidence on associations with
stock returns and firm values" (with G. Biddle and J. Wallace),
Journal of Accounting and Economics, December 1997, pp.
301-336.
"Stakeholders'
Implicit Claims and Accounting Method Choice" (with L. DuCharme
and D. Shores), Journal of Accounting and Economics,
December 1995, pp. 255-295.
"Intra-industry
Market Reactions to Failures of Publicly-Held Savings and Loans"
(with W. Blacconiere), Journal of Accounting, Auditing and
Finance, Fall 1993, pp. 369-397.
"Determinants
of the Timing of Quarterly Earnings Announcements" (with M.
Johnson, T. Shevlin and D. Shores), Journal of Accounting,
Auditing and Finance, Fall 1992, pp. 395-422.
"Determinants
of Regulatory Accounting Principles in the Savings and Loan
Industry" (with W. Blacconiere, S. Sefcik and C. Stinson), Journal
of Accounting and Economics, July 1991, pp. 167-201.
"Informational
Efficiency and the Information Content of Earnings during the
Stock Market Crash of 1987" (with M. Johnson and T. Shevlin),
Journal of Accounting and Economics, July 1989, pp. 225-254.
"Tax
Incentives and the Expensing of Indirect Manufacturing Costs
in the Steel Industry" (with E. Noreen), Accounting Horizons,
March 1989, pp. 29-42.
"The
Year-End LIFO Purchase Decision: The Case of Farmer Brothers
Company" (with G. Pfeiffer), The Accounting Review, January
1989, pp. 152-171.
"The
Incremental Information Content of Accrual Versus Cash Flow
Data," (with D. Burgstahler and L. Daley), The Accounting
Review, October 1987, pp. 723-747.
"Evidence
on the Relationships Between Earnings and Various Measures of
Cash Flow" (with D. Burgstahler and L. Daley), The Accounting
Review, October 1986, pp. 713-725.
"Intra-Industry
Effects of the Accident at Three Mile Island" (with R. Castanias
and L. Daley), Journal of Financial and Quantitative Analysis,
March 1983, pp. 87-11.
"Evidence
on the Existence and Determinants of Inter-Industry Differences
in Leverage" (with L. Daley and C. Huber, Jr.), Financial
Management, Winter 1982, pp. 10-20.
"Editorial
and Publication Lags in the Accounting and Finance Literature"
(with G. Sundem), The Accounting Review, October 1982,
pp. 778-784.
"Valuation
of Earnings Components Resulting from Interperiod Tax Allocation"
(with L. Daley) Collected Abstracts of the American Accounting
Association's Annual Meeting, American Accounting Association,
Sarasota, Florida, August 16-28, 1982, pp. 26-27.
"Determinants
of the Corporate Decision to Capitalize Interest" (with E. Noreen
and J. Lacey), Journal of Accounting and Economics, Vol.
3, No. 3, October 1981, pp. 154-179.
"Valuation
of Earnings Components in the Electric Utility Industry," The
Accounting Review, January 1981, pp. 1-22.
RESEARCH IN PROGRESS -- click here for downloadable research papers
"Accounting
Discretion, Corporate Governance and Firm Performance" (with
S. Rajgopal and M. Venkatachalam).
"Analyst
Coverage and the Cost of Raising Equity Capital: Evidence from
Underpricing of Seasoned Equity Offerings" (with X. Chen and
Q. Cheng).
"Determinants
of Economic and Accounting Components of Residual Income: An
Application to the Pharmaceutical Industry" (with D. Shores).
"Economic
and Industry Determinants of Accounting Method Choice" (with
L. DuCharme and D. Shores).
"Is
the whole greater than the sum of its parts? Evidence of synergies
in earnings versus EVA" (with G. Biddle and J. Wallace).
PERMANENT WORKING PAPERS
"Valuation
of Earnings Components Resulting From Interperiod Tax Allocation,"
April 1983 (with L. Daley).
"A
Model of the Economic Effects of Alternative Compensation Techniques
for Capital Devoted to Construction by Rate Regulated Firms,"
October 1986.
RESEARCH PRESENTED
Conference
on Financial Markets and the Corporation (1998), Vanderbilt
University.
Universities
of British Columbia, Oregon and Washington Summer Accounting
Research Workshop (1980, 1981, 1982, 1984, 1990).
University
of Southern California, School of Accounting Workshop (1984).
MIT
(Sloan School), Finance and Applied Economics Workshop (1982).
Harvard
Graduate School of Business, Department of Control Workshop
(1982).
American
Accounting Association, Capital Market Research Session (1982).
Columbia
University Graduate School of Business, Accounting Research
Workshop (1981).
TEACHING PUBLICATIONS
"Microsoft’s
Financial Reporting Strategies" (with D. Matsumoto), case 9-100-027,
Harvard Business School Publishing, February, 2000. An
integrated, multi-disciplinary case featuring Microsoft’s financial
reporting strategies.
"Microsoft’s
Financial Reporting Strategies: Teaching Note" (with D. Matsumoto),
case 5-100-068, Harvard Business School Publishing, December,
1999. Teaching note.
"Interior
Systems, Inc." (with J. Wallace), Issues in Accounting Education,
August, 1999. An integrated, multi-disciplinary case illustrating
the pros and cons of using EVA for performance measurement,
capital budgeting and incentive compensation.
"Multi-Paints,
Inc." (with N. Soderstrom and S. Sefcik), Journal of Accounting
Case Research, 1996. An integrated, multi-disciplinary case
featuring a complex capital budgeting decision in the context
of uncertain environmental costs.
Financial
Accounting: A Casebook (with G. Pfeiffer). Cases based on
actual annual reports. Targeted toward introductory MBA and
executive education markets, 1985, Prentice-Hall.
CASES IN FINANCIAL REPORTING (not
included in the above casebook) -- click here
for downloadable cases.
Grumman Corporation -- income taxes
H. J. Heintz -- income taxes
Melridge, Inc. -- comprehensive case
Puget Sound Power and Light -- capitalized interest
Chrysler Corporation -- short term liquidity
Iomega Corporation -- comprehensive case
Rouse Company -- historical versus current market values
Quaker Oats -- residual income and performance evaluation
Southwest Airlines -- leases, income taxes
General Electric -- inter company investments
Egghead -- reconstructing financial transactions
Walt Disney Company -- long term bonds
Amazon.com -- historical versus current market values, profits
versus cash flows
Coke vs. Pepsi (with P. Dukes and J. Kennedy) -- adjusting Coke’s
financial statement for ‘aggressive’accounting decisions
Seattle FilmWorks – revenue recognition and capitalized marketing
costs
iVillage.com (with A. Davis) – controversial accounting practices
of internet companies
CASES IN MANAGERIAL ACCOUNTING
(not included in publications above)
Apple Computer: 1985 -- operating leverage; cost, volume, profit
analysis
Apple Computer: 1984-1996 (with June Morita) -- estimating cost
behavior
Puget Sound Printing (B) -- pricing decisions with excess capacity
Standards, Incentives, and Compensation Schemes for college
Textbook Salespersons
Using the Accounting Systems as an Aid in Establishing a Merit
Raise Pool
What's the Cost of an MBA? (with Glenn Pfeiffer) -- identifying
relevant costs
Pentagon Spare Parts -- cost allocation as a cause for high
prices
Genzyme,
Inc. -- cost, pricing and public policy issues surrounding "orphan
drug" sales
WTM, Inc. -- CVP with multiple products and constraints; intro
to linear programming
Ajax Caulking -- theory of constraints
NorthWest Medical Equipment -- accounting based performance
measures and decisions
Mismanagement in Higher Education? -- dropping Schools and Departments
at UW
Metalfab, Inc (with J. Jiambalvo) -- lost profit estimates and
outsourcing decisions
BOOK REVIEWS
Review of: Financial Statement Analysis by Charles H.
Gibson and Patricia A. Boyer, The Accounting Review,
January 1980, pp. 211-212.
Review of: Financial Statement: Form, Analysis, and Interpretation
by Stewart Y. McMulllen, The Accounting Review, January
1980, pp. 219-220.
Ph.D.
THESIS ADVISOR FOR
Lane A. Daley, Initial placement: University of Minnesota (deceased
August 1998)
Topic: The Valuation of Reported Pension Measures for Firms
Sponsoring Defined Benefit Plans
Completed: March 1982
Walt Blacconiere, Initial placement: University of Southern
California; currently Associate Professor of Accounting, Indiana
University
Topic: Accounting Regulations in the Savings and Loan Industry:
Evidence of Market Reactions and Implications of Contracting
Theory
Completed: May 1988
Marilyn Johnson, Initial placement: University of Michigan;
currently Associate Professor of Accounting, Michigan State
University
Topic: Business Cycles and the Relation between Security
Returns and Earnings
Completed: March 1992
Alastair Murdoch, Initial placement: University of Saskatchewan
Topic: Dividends and Earnings: Their Effect on Firm Value
Completed: September 1992
Tom Porter, Initial placement: Boston University
Topic: Determinants of Accounting Decisions: Evidence from
the U.S. Airline Industry
Completed: December 1992
Jim Wallace, Initial placement: UC - Irvine
Topic: Adopting Residual Income-Based Compensation Plans:
Evidence of Effects on Management Actions
Completed: June 1996
Dawn Matsumoto, Initial placement: Harvard Business School;
currently Assistant Professor of Accounting, University of Washington
Topic: Management's Incentives to Influence Analysts' Forecasts;
paper based on her thesis won the AAA Competitive Manuscript
award, 1999.
Completed: June 1998
Laurel Franzen, Initial placement: University of Texas at Dallas
Topic: The Nature of Losses and the Value Relevance of Earnings
and Book Values
Completed: August 2000
Angela Davis, Initial placement: Washington University in St.
Louis
Topic: Valuation of Revenues and Earnings for Internet firms:
Does Grossed-up or Barter Sales Make a Difference?
Completed: September 2001
HONORS, AWARDS AND SELECTED GRANTS
at UW (1978 on)
General (Research and Teaching):
Herbert O. Whitten Professorship in Accounting, 1997 - current
John B. and Delores L. Fery Endowed Faculty Fellowship, 1992-95.
Seafirst Faculty Excellence Award, 1990.
First Interstate Faculty Award, 1987.
Runner-up, Bank of America Faculty Excellence Award, 1982.
Teaching:
Excellence in Teaching Award from Executive MBA (Original Regional
Option) classes of 1987 (class 3), 1988, 1989, 1990, 1991, 1992,
1993, 1994, 1995, 1996, 1997, 1998, 1999, 2000, 2001, 2002,
2003 and 2004.
Excellence in Teaching Award from Executive MBA (North America
Option) classes of 2000 (inaugural class), 2001, 2002, 2003
and 2004.
Best Teaching Award for core classes, graduating class of December
2001, INSEAD.
Outstanding Ph.D. Mentor Award, 1998.
Excellence in Teaching Award from Management Program class of
1991.
Burlington Northern Distinguished Teaching Award, 1984.
Professor of the Quarter (election based on per capita vote
of the MBA students); first place (Fall 1986, Winter 1983, Winter
1979); second place (Winter 1990, Winter 1985, Winter 1981);
third place (Fall 1980, Fall 1982).
Nominated, University of Washington Distinguished Teaching Award,
1981, 1996, 2001, 2003 and 2005.
Research:
Best Paper Award, AAA Accounting and Financial Reporting Section,
1999, for "Does EVA® beat Earnings? Evidence
on Associations with Stock Returns and Firm Values"
Dean’s Research Award, University of Washington, 1999
Michigan State University Institute of Public Utilities Faculty
Research Grant.
University of Washington Graduate School Research Fund Grant,
1981.
American Accounting Association Competitive Manuscript Award,
1979, for "Valuation of Earnings Components in the Electric
Utility Industry."
Service:
US West Andrew V. Smith Faculty Development Award for Service
to the School, 1993.
CITATIONS
Papers:
“Determinants of the Corporate Decision to Capitalize Interest”
(with E. Noreen and J. Lacey), Journal of Accounting and
Economics, Vol. 3, No. 3, October 1981, pp. 154-179.
Ranked among the “classics” of the accounting literature as
the twenty-first most cited article according to "Influential
accounting articles, individuals, Ph.D. granting institutions
and faculties: A citational analysis" by L. Brown, Accounting,
Organizations and Society, 1996, pp. 723-754.
“Does EVA® beat Earnings? Evidence on associations
with stock returns and firm values” (with G. Biddle and J. Wallace),
Journal of Accounting and Economics, December 1997.
Featured
in side-bar (p. 44) in Metric Wars article in CFO, October,
1996, pp. 41-50.
Letter to editor in CFO, January, 1997, p. 7.
Cited in The Wall Street Journal, Executive Pay supplement,
April 10, 1997, p. R10.
“Evidence on EVA®” (with G. Biddle and J. Wallace),
Journal of Applied Corporate Finance, 1999, vol. 12,
no. 7, Summer. http://papers.ssrn.com/paper.taf?ABSTRACT_ID=178168.
With over 10,000 downloads, it is currently no. 4 among
“All time Hits” on the Accounting Research Network; see http://papers.ssrn.com/toptens/tt_ntwk_204.html.
Individual:
Listed among 123 individuals in Accounting with a high career
"citation index" (ibid.)
Listed
among the “Top 100 Authors” out of over 45,000 authors on ssrn.com;
see http://papers.ssrn.com/sol3/cf_dev/TopAuthors.cfm.
Listed
among “Top 42” (tied for 21st) individuals in acknowledgments
in articles published in the top 3 accounting journals (JAE,
JAR & TAR). See table 6 in "The Importance of Circulating
and Presenting Manuscripts: Evidence from the Accounting Literature"
by L.D. Brown, The Accounting Review, January 2005, p. 70. http://ssrn.com/abstract=480190
OTHER PROFESSIONAL EXPERIENCE
Reviewer for: Accounting Horizons; The Accounting
Review (Editorial Board, 2000-2005); Journal of Accounting
and Economics; Journal of Financial Economics; Journal of Financial
and Quantitative Analysis; Contemporary Accounting Research;
Financial Management.
Executive teaching for: Children's Healthcare System
(2005); UW FANE Program (2004-05); Wizards of the Coast (1997);
UW Management Program (1985-93); Pacific Coast Banking School
(1983-88); Seattle First National Bank (1983-88); Wells Fargo
Bank (1979-81); Price Waterhouse (1979).
Consulting with: Seafirst Dealer Banking Group (1994);
Consumer Credit Counseling Service of Seattle (1994, 1996, 1997);
Group Health Credit Union (1995); Boeing Employees Credit Union
(1995).
Community Service: Committee for Children (1988-97);
Montlake Community Club, Board of Directors (1981-84); Montlake
Community Club, Treasurer (1980-81).
School and Department Service: Chair, B.A. Faculty Council
(2002-2003); Chair of Search Committee, John Narver Endowed
Chair in Business (2001-current); Chair, Lane A. Daley Faculty
Fellowship Committee (1998-2002); Chair, Department Recruiting
(1999-2000); BACS Director Search Committee (1999); Vice-chair,
Capital and Space Planning Committee (1995-98); Faculty Incentives
Review Committee (1996); Research and Travel Committee (1992-93,
Chair 1996-98); Chair, New Facilities Committee (1990-95); Prepared
School's Master Plan for Facilities (1994) and Capital Budget
(1993-1994); Ad hoc committee to review EMBA expansion (1995-97);
EMBA Admissions Committee (1988-98); Vice-chair, Facilities
Planning Committee (1990); Computer Policy Committee, member
(1993-1996), Chair (1990-91); Chair, Finance Department Chair
Search Committee (1990); Accounting Department Chair Search
Committee (1986-1988); Elected to the School of Business Administration
Faculty Council (2001-2003; 1990-1992; 1982-84); MBA Program
Committee (1984-87, Chair 1985-87); MBA Core Review Committee
(1984-85); other ad hoc committees.
University Service: Academic Assessment Committee overseeing
proposed University contract with the State of Washington (2004-current);
UW Extension Advisory Board for the Certificate Program in Management
in the Technology Sector (2004-current); Committee on the Annual
Faculty Lectureship (2003-current); UW Faculty Senate Budget
Committee (1999-current); Vice-chair, B.A. Site Programming
Committee (1990-91); UW Faculty Senate (1988-1990).
Administration: EMBA Faculty Director (1988-1989); Coordinator,
Management Program (1988-97)
Other: Board Member, Condo Owner’s Association (1998-current);
SW Bell Telephone Co., Accounting Supervisor (1971); Laventhol,
Krekstein, Horwath and Horwath, Auditor/Intern (1968).
Education
Teaching Experience
Research Publications
Research in Progress
Top
100 Author (external link)
Research Presented
Teaching Publications
Cases in Financial Reporting
Cases in Managerial Accounting
Ph.D. Thesis Advisor for...
Honors, Awards and Selected Grants
Citations
Other Professional Experience
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