Accounting

Finance, accounting, and tax have a longstanding legacy in businesses of all shapes and sizes, but it’s no secret the business world is changing. &nbsp;According to the <em>Journal of Accountancy</em></a>, businesses are looking to finance and related functions to help navigate these new changes and complexity. And while this puts them in an “enviable position of influence […] increased skills are needed to meet additional responsibilities.”

Research uncovers insights that guide the practice of accounting, and that open up new avenues of inquiry. Faculty in the School of Accountancy are among the leading investigators in the discipline, and their  findings are published in top peer-reviewed journals. Here are their recent publications.

When investors examine a company before a stock buy, how do they know they can trust the books? The U.S. Securities and Exchange Commission mandates that companies report their numbers using Generally Accepted Accounting Principles to further its missions of promoting investor protection and market integrity. Since some two-thirds of U.S. investors own securities issued by foreign companies, the SEC has flirted with the notion of abandoning homegrown GAAP in favor of International Financial Reporting Standards.

Hiring demand is up for all b-school disciplines, including accounting. According to the GMAC 2017 Corporate Recruiters Survey, "Overall, 89 percent of companies with plans to hire Master of Accounting graduates will maintain (52%) or increase (37%) the number of these graduates they hire in 2017 compared with 2016

CFOs and other corporate financial executives hate having part of their pay decided subjectively; they prefer formulas that rely on objective financial and non-financial targets to determine whether they receive their bonuses. That’s one of the key findings from the latest CFO Compensation Survey, sponsored by the American Institute of Certified Public Accountants and conducted by Michal Matejka, associate professor of accounting. Given widespread CFO dissatisfaction a sensible question is why so many companies continue to rely on it, Matejka says.