Department of Accountancy Newsletter
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Academic Year 2016-2017 Department of Accountancy Newsletter A note from the department chair Welcome to the 2017 edition of the Case Western Reserve University, Weatherhead School of Management's Department of Accountancy newsletter! This July marks the fourth year of my service as Chair of the Department of Accountancy. A great many changes have occurred in that time. We?re experiencing record enrollments in both our Master of Accountancy and our B.S. in Accounting programs among many other things. I hope you enjoy this year?s edition of our newsletter, which contains updates on our faculty, the 2016 Braden Award, our 2017 Alum of the Year, student achievements and much more. I made mention of this last year, but 2018 will mark our 90th year of offering high quality accounting education here at CWRU; we will have a special recognition for this milestone at Beta Alpha Psi Awards banquet in April 2018; perhaps you could plan to join us on campus! Speaking of Beta Alpha Psi, the national accounting honorary society? Beta Alpha Psi will award our own Professor Karen Braun with the Beta Alpha Psi Professional of the Year? Education recognition at the 2018 Beta Alpha Psi National Conference. We are proud of all of our faculty members no doubt, and this award to Karen recognizes her unique contributions to the Department, School, University and the professional. Please consider sending a congratulatory note along to Karen! Another highlight found inside is that PhD alum Ally Zimmerman received the Outstanding Dissertation Award from the American Accounting Association in August last what's inside year. This is also a tremendous achievement and we?re very proud of Ally. We hope you?ll enjoy reading about Faculty news 2-7 these and other updates inside this newsletter. And please reconnect with us. We would all love to hear from you and hope you?ll join us in our efforts to continue to Braden award & lecture 8 strengthen and renew our programs. Send us an update about your career and life successes and milestones at Dickerson lecture & 9-11 [email protected]. The campus continues to alumnus award evolve under the leadership of President Snyder; if you haven?t been to campus for a while, consider a visit--you?ll Beta Alpha Psi 12-13 notice huge changes! BAP awards banquet 14-20 Sincerely, Mark H. Taylor Students & alumni 21-30 Hooding ceremony 31 Chair, Department of Accountancy Other information 32-33 stay connected Department of Accountancy: Faculty News Congratulations to Karen Braun, Recipient of the 2017 WSOM Undergraduate Teaching Award! Additional Congratulations to~ Finalist: Dennis Conrad and Nominees: Lee Blazey, Melissa Carlisle, Tim Fogarty, Sharon Martin and Mark Taylor Congratulations to Tom King, Recipient of the 2017 WSOM Graduate Teaching Award and the Scholar-Practitioner Award for his Doctor of Management Cohort Congratulations to Gary Previts, Recipient of the Lifetime Achievement Award from the Ohio Region of the American Accounting Association for His Continuous Service to the Ohio Region Presented at the Ohio AAA Regional Meeting in Columbus, Ohio Congratulations to Karen Braun, Recipient of the 2016 AAA Bea Sanders/ AICPA Innovation in Teaching Award: Excel-Based Active-Learning for Managerial Accounting and the 2017 Beta Alpha Psi Business Information Professional of the Year in the Category of Education 1 1 Department of Accountancy: Faculty News Public Accounting Report 35th Annual Professors Survey ? 2016 Top 25 Undergraduate Rankings Schools With 15 or Fewer Full-Time Accounting Faculty #13 Top 50 Master?s Rankings #47 Top 25 Master?s Rankings Schools With 15 or Fewer Full-Time Accounting Faculty # 21 #8 Congratulations to Mark Taylor! Congratulations to Greg Jonas! Elected as Appointed to three-year term Vice President of Finance on the for the Institute of Certified American Accounting Association Management Accountants (ICMA) Board of Regents VP-Finance-Elect: 2017-2018 VP-Finance: 2018-2020 Congratulations to Sharon Martin, Nominated as an Outstanding Faculty Member by Gamma Sigma Alpha Gamma Sigma Alpha National Academic Greek Honor Society (GSA) is the premier organization committed to the academic success of its members and alignment with the academic missions of its host institutions. Students are eligible for membership based on GPA and membership in a Greek fraternity or sorority. Gamma Sigma Alpha is headquartered in Colorado, with over 215 chapters across the country and in Canada. Department of Accountancy: Faculty News Gary Previts busy publishing over the past year "State and Local Government Pensions at the Crossroads: Updating Accounting Standards Highlight the Challenges" Craig Foltin, Dale L. Flesher, Gary J. Previts and Mary S. Stone The CPA Journal, May 2017, Feature Articles. "Working on the Railroad: Public Accounting Talent in the United States? The Case of Haskins & Sells (Now Deloitte)" Dale L. Flesher, Gary J. Previts, William D. Samson Abacus, March 2017, Vol. 53, No. 1, pp. 133-157. "Antebellum Management Accountability at the Mobile & Ohio Railroad (1849?1862)" Dale L. Flesher, Gary J. Previts and Andrew D. Sharp Research on Professional Responsibility and Ethics in Accounting, December 2016, Vol. 20. "Haskins and Sells? Selected Papers?A profile in leadership thought (1955?1974)" Dale L. Flesher and Gary J. Previts Accounting History Review, September 2016, Vol. 26, No. 3, pp. 333?350. "A Historical Episode of Professional Skepticism: The SEC?s Thomascolor Case against Haskins & Sells" Dale L. Flesher and Gary J. Previts The CPA Journal, July 2016, News & Views. Tony Bucaro part of AICPA podcast From CPA to the classroom: Going from practitioner to professor Hosted by Courtney Vien Topics include: Career Management and Accounting Education Many CPAs have considered giving back to the profession by teaching accounting. In this episode of the JofA podcast, practitioners-turned-professors Tony Bucaro of Case Western Reserve University and Jim Biagi of Marywood University discuss what it takes to make the move to academia. Note: Professor Bucaro was a graduate of the Accounting Doctoral Scholars program administered by the AICPA. Professor Biagi was a graduate of the AACSB Bridge Program. 1 1 Department of Accountancy: Faculty News Tony Bucaro, colleagues awarded competitive grant CAQ and AAA Auditing Section Announce Awards for Access to Audit Personnel Program Washington, DC - The Center for Audit Quality (CAQ) and the Auditing Section of the American Accounting Association (AAA) announced three awards for the Access to Audit Personnel Program, which connects academics with audit practitioners to participate in research projects. ?We?re pleased to assist researchers again this year by linking them with study participants from CAQ member firms,? said CAQ Executive Director Cindy Fornelli. ?Academic research is a vital tool for the profession as we work to continuously improve audit quality for the benefit of investors and our capital markets.? Of the proposals received in 2017, the review committee selected three projects to support, including Cassandra Estep's, Emory University, Mitigating the Unintended Consequences of Material Weakness Reporting on Auditors? Acceptance of Aggressive Client Reporting (with Anthony Bucaro, Case Western Reserve University; and Tim Bauer, University of Illinois Champaign-Urbana). The Access to Audit Personnel Program will connect these researchers with 400 audit staff and managers at CAQ Governing Board firms: BDO, Crowe, Deloitte, EY, Grant Thornton, KPMG, PwC, and RSM. Now in the program?s fifth year, the CAQ and the AAA Auditing Section have supported 19 academic projects and provided access to 4,566 audit practitioners for research. Tom King's paper featured on April 2017 cover, wins bronze from Strategic Finance Comedian George Carlin spoofed sports broadcasting with the line, ?Here?s a partial score: Notre Dame 6.? The joke reminds us how scores are meaningless without comparisons to peer organizations measured with accepted rules. The recent proliferation of earnings figures that deviate from U.S. Generally Accepted Accounting Principles (GAAP) harkens back to Carlin?s joke and threatens the usefulness of U.S. financial reporting. Use of these ?non-GAAP? numbers confounds investors? ability to compare companies? results. Imagine trying to evaluate a score if one team cites touchdowns while the opponent talks about runs. Click cover for full article. Department of Accountancy: Faculty News Gary Previts interviewed by THINK magazine From the Fall/ Winter 2016 Issue LENS Business, Law and Policy HISTORY BY THE NUMBERS What Accounting Can Tell Us About the Past? and the Present By Dan Morrell One of the dependable controversies of the American presidential election season is the timing and release of the candidates' tax returns. This year, both Vermont Sen. Bernie Sanders and businessman Donald Trump faced criticism when they didn't release their tax returns in a timely fashion. (As of mid-September, Trump still had not released his). Nearly all major party presidential nominees since 1976 have released some form of their tax returns? even though there's no law compelling them to do so. Voters simply expect it. This American ideal of financial disclosure offers a window into our country's cultural values, explained Case Western Reserve Distinguished University Professor Gary Previts, PhD, co-author of the seminal History of Accountancy in the United States and a founding member and the first president of the Academy of Accounting Historians. THINK The Magazine of Case Western Reserve University Tim Fogarty and Gary Previts lead the doctoral/ new faculty consortium at the 2017 Ohio AAA Section Midyear Meeting The day before the start of the 2017 Ohio AAA Section Midyear Meeting in Columbus, Ohio, Tim Fogarty and Gary Previts led the Doctoral/ New Faculty Consortium to provide participants with unique and small settings to network and interact with each other and senior researchers and teachers. The sessions in the Consortium were open to all meeting attendees, but were tailored specifically to doctoral students and new faculty who are at the beginning of their careers.