The annual newsletter for alumni and friends of
The School of Accounting in the Spears School of Business at Oklahoma State University
2011 NEWS
Greetings From Stillwater Another year has passed, and two more of our longtime faculty members have retired. After 32 years of distinguished service Professor Gary Meek decided it was time to enjoy a little more free time at his home here in Stillwater. During his time at OSU, Gary was a master teacher and Bud Lacy one of the top scholars in the area School of Accounting Head and Anadarko Chair of international accounting. Also retiring this year after devoting 33 years of outstanding service was Professor Maryanne Mowen, who decided to ride off with her husband John (who also retired from the Marketing Department after 35 years) into the sunset of New Mexico. Maryanne was a wonderful colleague and will always be remembered for all the service she devoted to the School of Accounting, the Spears School of Business, and the entire university. To learn more about both of these individuals, see the story on page 4. Although we’ll never be able to replace all the qualities that Gary and Maryanne gave us, we were fortunate to hire two outstanding new faculty members. Brad Blaylock has his Ph.D. from the University of Washington and his BS and M.S. from Brigham Young University. His teaching and research interests are in the area of federal taxation. Shortly after joining us he was notified that one of his working papers from the time he was a doctoral student was accepted for publication in The Accounting Review. What a great way to start his academic career. Also joining us this fall as a Clinical Assistant Professor is Alyssa Vowell. She earned her bachelor’s degree and MBA from Southwestern Oklahoma State University, and has five years of experience in public accounting, and three years in the tax department of Chesapeake Energy (page 2). Our faculty continues to be very active in publishing in the top accounting journals (page 16). During the last year we had 17 publications in the top accounting and finance journals. Don Herrmann and Tony Kang received the Spear’s School Richard D. Poole Research Excellence Award for publication in the toptier journals, and Charlotte Wright received the OSU Regent’s 2011 • School of Accounting News • 1 spears.okstate.edu/accounting
Distinguished Research Award for a distinguished record of past and continuing excellence in research. While doing their research, our faculty didn’t forget about the other parts of their jobs as university professors. Bob Cornell was elected to the OSU Faculty Council, Don Herrmann coordinates our Ph.D. program, Carol Johnson coordinates our M.S. program and the SOA scholarship program, Sandeep Nabar takes care of our Speakers Series, Chad Stefaniak is the faculty advisor for Beta Alpha Psi, and Monika Turek oversees the Gateway Exam. All that is in addition to the work each faculty member does on departmental, college, and university committees. That’s pretty impressive! Our Advisory Board membership continues to grow. Last year we reported that we were one of the largest and most active boards in the country, and we’ve added 11 members this year. See the listing of all our Board members, including new members, on page 8. We are sincerely grateful for all the time that these alumni and friends devote to the Board’s activities. Their advice and support has been instrumental in helping us achieve our goals. If you know someone that might be interested in joining the Board please email us at osu-soa@okstate.edu and we’ll follow-up with them. (continued on page 2)
Contact Us School of Accounting
401 Business Building Oklahoma State University Stillwater, OK 74078-4011 E osu-soa@okstate.edu P 405.744.5123 W spears.okstate.edu/accounting F 405.744.1680
School of Accounting
Greetings From Stillwater Scholarships continue to play a significant role in the success of our students. During the year we gave out over $275,000 in scholarships (page 12) and the M.S. program continues to attract the best and the brightest (page 13). Don Herrmann continues to be successful in attracting the best minds to join our Ph.D. program. We’ve added two new students this year, including our second Accounting Doctoral Scholar (page 14). The CPA review course continues to have a remarkable effect on our examination pass rates. This year we are one of only 12 schools in the United States that can claim to be among the nation’s best among first-time candidates in the rankings for students passing the exam both with and without advanced degrees. And this year one of our student received the Elijah Watts Sells Award for one of the top 10 scores in the country! (page 7) Finally, here’s an interesting story that is not included in other parts of the newsletter. Although some students may not have responded, here is a list of accounting alums, their current positions, and the
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name of their child or grandchild who is currently enrolled in our BS or M.S. programs: Toby Joplin BS 1983 VP & CFO RL Hudson & Company (Heather); Paul Hood, BS 1989, private practice (Bryce); Mark Goodwin, BS 1980, CFO Braum’s (Andrew); Don Herrmann, Ph.D. 1995, faculty member at OSU (Rachel); Jim Dotson, BS 1972, CFO Allegiance Communications (Eric); Greg Shepherd, BS Ag Econ and Accounting 1980, private practice (Danielle); J. C. Hobbs, BS 1981, Assistant Extension Specialist, Farm Management and Taxation for OSU Ag Econ Department (Lisa); Brett Pratt, BS 1980, VP and CFO United States Beef Corporation (Lauren). Please let us know if we’ve missed any other “legacies!” As you can tell, lots of good things are going on in the School of Accounting. This is going to be a fantastic year, and it would not be possible without the generosity of our alumni and friends!
School of Accounting Faculty New Faculty Members Brad Blaylock received Ph.D. in accounting from the University of Washington. Prior to entering the Ph.D. program, he received his BS and MS degrees in accounting from Brigham Young University with an emphasis on taxation. His research interests include corporate taxation and capital market research. Brad and his wife Kirsten have three children: Olivia, Kyle and Claire. His hobbies include cooking, astronomy, volleyball, and riding his exercise bike. While he was an undergraduate student, he spent two years living in the Netherlands and Belgium and speaks fluent Dutch. He is very excited about joining the School of Accounting faculty. Assistant Professor Ph.D. University of Washington
Alyssa Vowell has a BS in Business Administration with a Spanish minor and an MBA with an accounting emphasis from Southwestern Oklahoma State University. She is a CPA with over eight years of accounting experience. Alyssa spent five years in public accounting, where her responsibilities were primarily income tax compliance, but also included payroll, bookkeeping, and audit clients. Clinical Assistant Professor MBA She also spent three years with Chesapeake Southwestern Oklahoma Energy Corporation’s income tax department State University where she was responsible for approximately half of the company’s state income tax filings, quarterly estimated payments, extension filings, and correspondence with various state tax agencies. Alyssa enjoys travel, baking, snow skiing, classic movies, and spending time with her family. Alyssa and her husband, Brian, have one daughter, Averlee. They have lived in Stillwater for the past three years and have been visiting Stillwater every weekend during football season for the past eight years. She is very excited to be part of the OSU family and looks forward to the opportunities that lie ahead with the School of Accounting.
2 • 2011 • School of Accounting News
Current Faculty Members
John Abernathy
Robert Cornell
Don Hansen
Don Herrmann
Assistant Professor CPA, Ph.D. University of Alabama
Assistant Professor Ph.D. University of Utah
Professor Arthur Andersen Chair CMA, Ph.D. University of Arizona
Associate Professor Deloitte Professor CPA, Ph.D. Oklahoma State University
Carol Johnson
Bud Lacy
Tony Kang
Sandeep Nabar
Associate Professior Wilton T. Anderson Professor M.S. Coordinator Ph.D. Arizona State University
Department Head Anadarko Chair Ph.D. University of Colorado
Associate Professor Wilton T. Anderson Chair Ph.D. University of Illinois
Associate Professor Ph.D. University of Texas
Chad Stefaniak
Angela Spencer
William Schwartz
Monika Turek
Assistant Professor Haskell Cudd Professor CPA, Ph.D. University of Alabama
Assistant Professor CPA, Ph.D. University of Arkansas
Assistant Professor CPA, Ph.D. University of Iowa
Accounting Instructor M.S., Oklahoma State University J.D., University of Oklahoma
Charlotte Wright Professor Lanny Chasteen Chair CPA, Ph.D. University of North Texas
2011 • School of Accounting News • 3
Retiring Faculty Members Gary Meek retired June 1 after nearly 32 years of service. During his time at OSU, Meek developed a reputation for being a master Oscar S. Gellein/Deloitte teacher and for & Touche Professor Ph.D. being one of the University of Washington top scholars in the area of international accounting. He focused on developing international accounting as a recognized area of interest in the School of Accounting, and he said teaching international accounting was his favorite part of working at OSU. As a result of his efforts, OSU has developed a strong reputation for international accounting not only in the United States but all over the world. “Dr. Meek is a distinguished teacher at the undergraduate, masters and doctoral levels,” said Don Herrmann, former head of OSU’s School of Accounting and one of Meek’s former doctoral students. “Though accounting classes are considered
Maryanne Mowen retired on July 5 after 33 years of service. During her time at OSU, Mowen taught numerous accounting courses to more Associate Professor CMA, Ph.D. than 12,000 Arizona State University undergraduate, master’s and doctoral students. Her courses varied from cost and managerial accounting to behavioral decision-making, and she has written accounting textbooks that have been translated into multiple languages, including Spanish, Portuguese, Albanian and Indonesian. Mowen has conducted extensive studies on judgment and decision-making, using her research as an opportunity to apply theoretical concepts to real-world problems. Her work has been published in well-
some of the most difficult courses in the Spears School, Dr. Meek was one of the most highly-rated teachers in the college and many students’ favorite teacher in the accounting department. He learns students names, is extremely organized, and really cares about his students.” Meek has received numerous awards for his contributions to accounting over the years. In 2006, Meek received the Greiner Undergraduate Teaching Award, and he received the Outstanding Service Award from the International Accounting Section in 2009. Meek’s research focused on financial reporting in a multinational context, and he has written textbooks and numerous journal articles on the topic. His research has been widely cited by scholars. “My time at OSU has been very good,” Meek said. “For me, it’s been a great place to have a career. I had the freedom to teach the courses I wanted to teach, to do the research I wanted to conduct, and to help make a difference in students’ lives. It’s been a wonderful experience.”
respected accounting journals and has been cited by researchers all over the world. “Maryanne has been in the office next to me for the past 15 years,” said L. Lee Manzer, a professor of marketing in the Spears School. “She is very kind and incredibly patient with her students. I’m really going to miss her.” Just as Mowen was quick to praise her colleagues, they were eager to return the favor. Carol Johnson, an associate professor of accounting and the M.S. coordinator for the Spears School, said Mowen has been a great asset to the School of Accounting, the Spears School and OSU. “Maryanne will of course be missed,” Johnson said. “Even so, I am excited for her and John because I know they’re about to embark on a wonderful new episode of their lives that will be a great adventure.”
Meek earned a bachelor’s degree in accounting and a master’s degree in business administration from Texas Christian University, and he received his doctoral degree in accounting from the University of Washington. Except for a one-year sabbatical at the University of Glasgow in Scotland in 1986, Meek has spent his entire teaching career in the Spears School. On May 5, 2011, Meek established the Gary K. Meek Scholarship Fund for Spears School accounting majors. “Dr. Meek is a perfect example of a professor who integrates his success in scholarship into the classroom,” Herrmann said. “His love for international accounting is evident to all. He will be missed for his contributions to accounting scholarship, his great teaching ability and, most of all, his encouraging and supportive role as a colleague in the School of Accounting.”
to the successful re-accreditation effort for the Spears School and School of Accounting in 2008. Her dedication and persistance was the reason we got it done,” said Lacy. “We need to have an annual ‘Maryanne Mowen Service Award’ as a tribute to all that she had done for us,” he added. Mowen’s husband, John, also retired from the Spears School this summer. They moved to Santa Fe, New Mexico, where they plan to go hiking and spend time volunteering in their community. Even in retirement, though, Maryanne Mowen said she plans to continue teaching classes online and exploring new, creative ways of teaching online courses.
“Maryanne was one of those people who was always willing to help in a time of need,” said Bud Lacy. “One of her greatest accomplishments was the effort she devoted 4 • 2011 • School of Accounting News
Beta Alpha Psi 2010–2011 Accomplishments
• Conducted 12 professional meetings with speakers from a variety of accounting related positions, including OSU President Burns Hargis, OKC Thunder Controller Staci Johnson and area CFOs Toby Joplin and G. Les Austin.
School, Habitat for Humanity Restore and other philanthropic causes. • Volunteered more than 425 hours of free tutoring for Spears School of Business students.
• Sent representatives to regional and national BAP gatherings.
• Hosted the first annual T. Sterling Wetzel Golf Scramble, which, going forward, will raise money each year for student scholarships.
• Inducted 58 new members to our chapter, bringing total membership to over 80 members.
• Raised more than $1,000 for Hope International and The American Cancer Society at its first Philanthropy Night.
• Provided over 1,000 hours of community service at Head Start
Officers President Anna Davis VP Jimmy Holland Treasurer Ben Lenski Asst. Treasurer Eun-Mi Kim BSC Representative Anthony McMillan
Campus Recruiting Anthony McMillan Candidateship Lisa Hobbs Alumni Relations Samantha Garrison Historian Mindaugas Pukstas Newsletter Mindaugas Pukstas
2011 • School of Accounting News • 5
Publicity Mindaugas Pukstas Membership Aaron Dixon Programs Chris Copeland Reporter Tyler Jones Service Chair Charlie Dawn Crabtree
Social Chair Megan Robinson Tutoring Jay Green Webmaster Jonathan Reale Advisor Chad Stefaniak
2011 Inductees
Wilton T. Anderson Hall of Fame Awards Banquet
Jennifer Grigsby
Melinda Stinnett
Kevin Stocks
Distinguished Accounting Alumnus from Industry
Distinguished Accounting Alumnus from Public Accounting
Distinguished Accounting Alumnus from Education
Melinda Stinnett received her bachelor’s degree in accounting from the Spears School of Business in 1989. While a student at OSU, she was very involved in the Beta Alpha Psi Chapter and eventually served as its president. Stinnett was also honored with the University’s Outstanding Senior Woman award. She is a life member of the OSU Alumni Association.
Kevin D. Stocks is the Director of the School of Accountancy in the Marriott School of Management at Brigham Young University where he has been on faculty for the past 28 years. He holds the KPMG Professorship. Professor Stocks obtained a Ph.D. from Oklahoma State University and a B.S. in Accounting and a Master’s of Accountancy from Brigham Young University.
Senior VP Treasurer and Corporate Secretary Chesapeake Energy Corporation
Jennifer Grigsby oversees the cash management, risk management, public debt, equity securities, stock compensation plans, corporate compliance and governance initiatives for Chesapeake Energy Corp. Prior to joining Chesapeake in 1995, she worked as an accountant for Deloitte & Touche LLP and Commander Aircraft Co. Grigsby has earned numerous marks of distinction, including The Journal Record’s “Achievers Under 40,” OKCBusiness’s “40 Under 40” and Oklahoma Magazine’s “40 Under 40.” Grigsby received a bachelor’s degree in accounting from OSU in 1991 and a master’s degree in business administration from Oklahoma City University in 1999. She is a Certified Public Accountant and a Certified Equity Professional.
Managing Director Stinnett & Associates, LLC
Stinnett is a Certified Public Accountant and Certified Internal Auditor and has worked for international firms, including Arthur Andersen and Price Waterhouse. With more than 20 years of experience, Stinnett currently serves as managing director for Stinnett & Associates, which she founded in 2001. The advisory firm provides a robust range of services including business and IT process design and reengineering, internal audit, Sarbanes-Oxley, IT assessments and project management. Under her leadership, Stinnett & Associates has grown to 45 employees with offices in Oklahoma City and Tulsa and personnel in Dallas, Houston, and San Antonio. The firm is a Certified Women’s Business Enterprise and provides services to three of the five Oklahoma-based Fortune 500 companies as well as many mid-to-large size companies.
Director, KPMG Professor School of Accountancy, Brigham Young University
Professor Stocks teaches cost/managerial courses in both the undergraduate and graduate programs at BYU. He has received a number of teaching awards and is known for his hands-on teaching approach. He received the 2008 Outstanding Educator award from the Utah Association of CPAs and the 2009 Outstanding Professor Award from the Marriott School of Management at BYU. Beta Alpha Psi recently recognized Professor Stocks as the 2010 Business Information Professional. Professor Stocks and his wife Donna are the parents of five children and three grandchildren. In any spare time he enjoys rock hunting and creating quilts.
6 • 2011 • School of Accounting News
One of Only Twelve in the Nation
OSU ranks among best in CPA passing rate
The OSU School of Accounting is in select company when it comes to having some of the highest student passing rates on the CPA exam.
It is one of only 12 schools in the United States that can claim to be among the nation’s best among first-time candidates in the rankings of those students passing the exam both with and without advanced degrees.
OSU is No. 18 in both categories: schools with the highest passing rate among first-time candidates both with advanced degrees and without advanced degrees, according to NASBA’s Candidate Performance on the Uniform CPA Examination—2010 Edition. “That’s really not surprising,” said Bud Lacy, head of the School of Accounting. “Our students have worked hard and we just continue to see the fruits of their labor. I’m expecting it to be even higher next year!”
Gold Medal recipients, Lauren Gorman (top) and Anne-Marie Lelkes; Silver Medal recipient, Dawn Kruckeberg
There are a number of reasons for OSU students to be among the nation’s best at passing the CPA exam, including the School of Accounting’s excellent faculty, a rigorous
2011 • School of Accounting News • 7
accounting curriculum, and the generosity of their alumni whose financial assistance helps cover the cost of the Becker materials. OSU is one of the few universities to offer a CPA review course, which began in 2008 as a graduate-level elective course for MS students. Students who have taken the course achieved an average pass rate of 85 percent on the parts of the CPA exam they have attempted. And since 2008, OSU students have won five of nine Gold medals and seven out of 12 Silver medals awarded by the Oklahoma Society of Certified Public Accountants. In 2010, Anne-Marie Lelkes and Lauren Gorman picked up the Gold, while Julie Toben, Dawn Kruckeberg, Julie Southerland and Josh Neil took the Silver. In January 2011, School of Accounting alumnus Jessie Wagner of Jenks, Okla., was honored with the Elijah Watt Sells Award from the American Jessie Wagner, 2011 Institute of Elijah Watt Sells Award Recipient Certified Public Accountants. Wagner received one of the ten highest cumulative scores on all four sections of the Uniform CPA Exam in 2009. “In 2009, more than 93,000 individuals took the exam,” said Lacy, “Though there were several tied scores and 15 candidates actually received the award, you can do the math if you want to, but let me tell you that getting one of the 10 highest scores is a really big deal.”
“Jessie is the first student from Oklahoma to receive this award, and we are thrilled. It’s amazing to have any student earn such an honor and I’m just glad to be a part of such a helpful, lifechanging experience,” Lacy said. Wagner passed the CPA exam on her first attempt; the national average pass rate for first-time undergraduate candidates is approximately 10 percent. She received a 93 percent on one section of the exam and earned a 99 percent on the other three. “I’m very honored to receive this award. It reflects positively on both OSU and me. I would definitely say that my education at OSU was the foundation for my success,” said Wagner, now works in the tax department at the Ernst & Young LLP office in Tulsa.
SOA Advisory board Executive Board Members Brad Williams Chair Carlos Johnson Past Chair Bud Lacy Department Chair Carol Johnson Faculty Representative
At Large Members Les Austin Jennifer Grigsby Bill Lohrey Bob Slovachek Bryce Tawney
New Board Members
Jason Boesch CFO and Credit Union Manager for Oklahoma Association of Electric Cooperatives
Jenni Fosbenner Senior Tax Manager at Ernst & Young, LLP
J.W. “Mike” Starr Former COO, Global Leadership Board of Grant Thorton International, LTD
Randall Calvert Managing Partner Calvert Law Firm
Diana Laing CFO and Corporate Secretary of Thomas Properties Group, Inc.
Drew Ward Manager, Ernst & Young LLP
R. Brett Cole Managing Shareholder of Cole and Company, CPAs, P.C.
Barbara Ley President of Barbara Ley, PC
V. Randall Compton CFO of Lisle Compton Cole & Almen
Carmel Wood COO of Hustelton Morgan & Maultsby, PC
Sarah Stafford Manager in Ernst and Young’s Assurance Practice
8 • 2011 • School of Accounting News
Board Members, 2011–2012 Andrew Alltizer, Ernst & Young LLP
Andy Henson, Halliburton
Jeff Ronsse, BKD, LLP
Rick Anderson, Washburn University
David Holsted, Fred Jones Companies, Inc.
Terry Rouk, Halliburton
Shannon Angle-Rugg, Koch Industries Inc.
Gary Huneryager, OGE Energy Corp.
Bud Sartain, Jr., HoganTaylor LLP
Chris Armstrong, AEGIS Insurance Services
Tim Ivins, Halliburton
Jenelle Schatz, Deloitte & Touche,
Les Austin, Ram Energy, Inc.
Debra Jacoby, Union Public Schools
Jason Boesch, Oklahoma Association of Electric Cooperatives
Brent Johnson, Curzon, Cumbey & Kunkel
Jay Schierloh, Sirius Solutions, LLLP
Carlos Johnson, Carlos E Johnson PLLC
Kevin Schroeder, Grant Thornton LLP
Rick Johnson, The Charles Machine Works, Inc.
Leigh Ann (Ihrig) Schultz, SEC Division
Jason Bolstead, Halliburton Dan Bomhoff, Grant Thornton LLP Ann Bradshaw, Ernst & Young LLP William Buergler, Ernst & Young LLP Nancy Bumgarner, KPMG LLP Randall Calvert, Calvert Law Firm Amy Carpenter, Devon Energy David Carroway, PricewaterhouseCoopers LLP Elliot Chambers, Chesapeake Energy Corp. Karen Chapel, Grant Thornton LLP Kristi Chapman, Ernst & Young LLP Brett Cole, Cole & Company CPAs, PC David Colwell, PricewaterhouseCoopers LLP Randy Compton, OKC CPA Kevin Corbett, Ernst & Young LLP Paul Cornell, Spirit Bank Byron Corwin, KPMG LLP Mekall Costner, Ernst & Young LLP Clint Crane, Grant Thornton LLP Jenny Cripps, Alliance Engineering Michael Crooch, FASB, retired member Tony Denker, Koch Industries Inc. Jim Denny, Cole & Reed, PC Eddy Ditzler, Grant Thornton LLP Rocky Duckworth, KPMG LLP Tom Dugger, Dugger CPA John Eaton, Ernst & Young LLP Doak Elliott, Ernst & Young LLP Kristin Emerson, SandRidge Energy Mark Foreman, Ernst & Young LLP Jenni Fosbenner, Ernst & Young LLP Dan Gilliam, ConocoPhillips Tom Goekeler, Sartain Fischbein & Co. Jennifer Grigsby, Chesapeake Energy Corp. Melanie Harvey, Chesapeake Energy Corp. Stephen Haworth, Flexpoint Ford LLC Jeff Hays, Grant Thornton LLP Jeff Henricks, Halliburton Nicole Hensley, QuiBids LLC
2011 • School of Accounting News • 9
Toby Joplin, RL Hudson & Company
retired partner
of Corporate Finance
Angela Kazmierski, Deloitte Tax LLP
Matt Schumacher, The Williams Companies
Michael Keys, KPMG LLP
Keith Schwarz, KPMG LLP
Whit Kittleman, Williams Midstream
Kenneth W. Seaman, ConocoPhillips
Larry Krieg, Community Action Project
Kimberly Sellers, KPMG LLP
George Krull, Grant Thornton LLP,
Sandy Siegfried, Stanfield & O’Dell PC
retired partner
Bob Slovacek, HoganTaylor LLP
Rusty LaForge, McAfee & Taft
John Smith, TMA Systems LLC
Diana Laing, Thomas Properties Group
Sarah Stafford, Ernst & Young LLP
David Lamb, Bank of Oklahoma
William Stanley, Chevron Phillips
Steve Laskey, Ernst & Young LLP
Chemical Company
W. Mark Lewellen, Deloitte Tax LLP
Mike Starr, SEC Support and Market
Barbara Ley, Barbara Ley PC
Monitoring
John Linehan, Kerr-McGee, retired CFO
Melinda Stinnett, Stinnett & Associates LLC
Patrick (Doug) Linehan, ConAgra Foods, Inc.
Pete Stonis, Grant Thornton LLP
Bill Lohrey, Lohrey & Associates
Bryce Tawney, Halliburton
Tony LoPresto, Love’s Country Stores
Howard Thill, Marathon Oil Corp.
Brandon Lyons, Robert Half International
Peter Troxel, Miller Truck Lines, LLC
Mindy Mahaney, Consumer Banking &
Kevin Vann, Williams E&P
Wealth Mgt.
R. Scott Vaughn, Global Health
David Mayfield, Progressive Resources, Inc.
Rick Wagner, EideBailly LLP
Sam McClure, Ernst & Young LLP
Jade Walle, PricewaterhouseCoopers LLP
Rick McCune, Grant Thornton LLP
Drew Ward, Ernst & Young LLP
Bob McGrew, T.D. Williamson
Shane Wharton, Love’s Country Stores
John Meinders, Grant Thornton LLP
Brad Williams, Ernst & Young LLP
Blake Messer, Grant Thornton LLP
Eric Winden, Gates, Winden & Associates PC
Alexandria Moczygemba, Tesoro
Carmel Wood, Huselton, Morgan &
Robert S. Morgan, Deloitte & Touche Mark Mote, Ernst & Young LLP Jack Murray, HoganTaylor LLP Trebor Nall, Mathena, Inc. Dee Niles, KPMG LLP Brett Pratt, United States Beef Corp. Mike Pregler, ConocoPhillips Derek Reiners, ONEOK Thomas Ritchie, EideBailly LLP Tim Roberts, Morse & Co. PLLC Andrew Robertson, Ernst & Young LLP
Maultsby, PC Brandon Young, Grant Thornton LLP
Honors and Awards Banquet The 32nd annual Beta Alpha Psi and School of Accounting Spring Honors and Awards Banquet was held in April to recognize the accomplishments of students and faculty. Faculty Awards
Halliburton Research Award Tony Kang
AAA International Accounting Section Outstanding Service Gary Meek
Poole Research Award Chad Stefaniak, William Schwartz
2009 OSCPA Outstanding Oklahoma Accounting Educator Charlotte Wright
Student Awards
FSA Outstanding Masters in Accounting Graduate Lizzy Pitcock
Edwin Glover Internal Audit Scholarship Carolline Nichols
Denver Mills Memorial Scholarship Brooke Kendall
Moyes Hefner Blake David Batchelder Scholarship Shane Gibson • Samuel Hassell • Amy Nichols • Megan Robinson
William Haskell Cudd Scholarship Andrea Byrd
B.F. Harrison Scholarship Samathan Garrison
Horning Bootstrap Scholarship Zach Clark
Fran Jabara Scholarships Lisa Hobbs • Ben Lenski
W. Ernst Rich Scholarship
BKD Scholarships Danny Beattie •
Spencer Lucas • Christopher Copeland
Kelsey Buck • Christopher Copeland • Eric Dotson • Abbie Field • Braden Glasgow • Kyle Grau • Jay Green • Jacob Hendrickson • Rachel Herrmann • Covenant Idell • Jimmy Inskeep • Li Jiang • Jongsup Kim • Krystal Krug • Jessica Lisenbee • Andrew Loving • Spencer Lucas • Caroline Nichols • Hillary Nolan • Brooke Ogez • Mindi Pukstas • Janelle Rogers Hutchinson • Caleb ShakeGarfield • Danielle Shepherd • Tucker Weems • Rachel Withrow
Sandmeyer Scholar Leader Rachel Herrmann
Elijah Watt Sells Award Jessie Wagner
Glenn W. Sartain Memorial Scholarship Jamison Becker
Ramoh Lee Heard Sartain Scholarship Lisa Hobbs
Eugene Schauer Endowed Scholarship Logan McAlister • Jason Rothman • Nicholas Wilcox
Duane Wilson Graduate Assistant Rachel Sechrest
Williams Scholar Leader Jonathan Fain
Spears School Outstanding Seniors Amalia Deines • Katie Fuchs • Samantha Garrison • Sarah Johnson • Krstal Krug • Allison Lyons • David McKellips • Elizabeth Pitcock
OSU Seniors of Significance Amalia Deines • Jessica DeLong • Katie Fuchs • Blair Kirkpatrick • Allison Lyons • David McKellips • Johnna Lynn Rushin
SOA Scholarships
Anadarko Scholarships Joseph Rodano • Braden Wilson
Chesapeake Scholarships Kit Andresen • Cole Billings • Casey Hopkins • Jordan Mayes • Whitney Morris
ConocoPhillips Scholarships Paige Butterfield • Andie Byrd • Taylor DeGraffenreid • Laura Eccles • Shane Gibson • Billy Gossell • Gina Hancock • Kyle Koscielniak • Ben Lenski • George Overbey • Megan Robinson • Charles Rogler-Brown • Peilin Shi • Whitney Alcorn • Trent Annan • Kiley Bush • Anna Connor • Ryan Eldridge • Kinsey Freeman • Andrew Godwin Chad Hejl • Whitney Jeffrey • Megan McGee • Zach Pool • Brittany Pugh • Tara Rains • Sarah Siedhoff • Charles Sievers • Lina Xu
ConocoPhillips Spirit Scholarships Anna Davis • Amalia Deines • Jessica DeLong • Landon Field • Mollie Field • Kyle Grau • Blair Kirkpatrick • Allison Lyons • Jordan Mayes • David McKellips • Jayme Mick • Kylie Roper • Meg Sokolosky • Pablo Taylor •Latrice Williams • Matt Williams
Deloitte Scholarships Sydni Belk • Eric Biggers • Mark Buntyn • Christopher Copeland • Chase Cutler • Aaron Dixon • Shane Gibson • Gina Hancock • Stefanie Hatch • Matthew Holquin • Corrine Lieske • Alayna McClendon • Dennis Moran • Alex Yauk
Dennis Patz Scholarship Krystal Krug
10 • 2011 • School of Accounting News
EideBailly Scholarships Courtney
Hogan Taylor Scholarships Stephen
Boswell • Amy Corter • Aaron Dixon • Kayley Ernst • Mark Fiegener • Drew Gavin • Billy Gossell • Chelsi Herring • Jimmy Holland • Ryan Kelly • Eric McIntire • Keelie McMurrey • Kathryn Moore • Caleb Neil • Philip Norwood • Amy Reichenbach • Britt Robertson
Higginbotham • Cameron Johnston • Kylie Roper • Hayden Seay
Ernst & Young Scholarships Whitney Alcorn • Laci Arnold • Brett Braun • Kamille Brewer Kelsey Buck • Kiley Bush • Taylor Clarkson • Matt Dailey • Amanda Dexter • Abbie Field • Heidi Gall • Aria Ghajar • Josh Hairston • Stefanie Hatch • Chelsi Herring • Rachel Herrmann • Lisa Hobbs • Casey Hopkins • Brooke Kendall • Cara Kristian • Krystal Krug • Aaron Lawson • Derek Lee • Joe Lorenz • Colby Loud • Trevor Lye • Leigh Mason • Brittni Maxson • Austin McNeely Bei Mo • Trevor Morris • Whitney Morris • Emi Noell • Jacob Pasby • Lizzy Pitcock • Lauren Pratt • Heather Richie • Britt Robertson • Hunt Rose • Kyle Schovanec • Hayden Seay • Rachel Sechrest Rachel Snyder • Daniel Thompson • Ruby Trinh • Mitch Wegener • Kendall Winn • Lina Xu Ernst & Young Endowed PPA Scholarships Andie Byrd • Kinsey Freeman • Rachel Herrmann • Ashlyn Stallings
ExxonMobil Scholarships Lynley Fox • Derek Lee • Matt Maguire • Amy Nichols • George Overbey • Brock Pittman • Edward Price • Paige Sullivan Grant-Thornton Scholarships Drew Burkhart • Claire Compton • Matt Creech • Anna Davis Toby DeMoss • Mollie Field • Andrew Godwin • Brad Graves • Sid Hoffsommer • Trevor Horstmann • Amanda Johnson • Sarah (Ann) Johnson • Justin Kinsey • Andrew Loving Nick Miller • Emi Noell • Rob Phillips • Hunt Rose • Nicole Thatcher • Stephen Vincent • Mitch Wegener
Halliburton Scholarships Andie Byrd • Jack Chung • Charlie Crabtree • Matt Dailey Amalia Deines • Katie Fuchs • Denise Gonzalez De Blasco • Brad Graves • Grant Gregory • Colby Loud • Spencer Lucas • Dan McKnight • Mindi Pukstas • Sam Roberts • Danielle Shepherd • Nick Wilcox
2011 • School of Accounting News • 11
Koch Scholarships Tiara Byrd • Keelie McMurrey • Carson Mitchell • Hillary Nolan • Jordan Payne • Kylie Roper • Sarah Siedhoff • Meg Sokolosky
KPMG Scholarships Kyle Allen • Dustin Campbell • Dillon Craig • Anna Davis • Jessica Delong Mollie Field • Kyle Freeman • Aria Ghajar • Braden Glasgow • Grant Gregory • Kristen Grewe • Blake Hefner • Covenant Idell • Sarah (Elizabeth) Johnson • Tyler Jones • Ryan Kelly • Kyle Koscielniak • Meghan Lawrence • Jessica Lisenbee • Joe Lorenz • Daniel McKnight • Amber Moler • Schuyler Moore • Trevor Morris • Caroline Nichols • Brooke Ogez • John Paden • Cassie Padilla • Ryan Ramseyer • Sam Roberts • Megan Robinson • Janelle Rogers • Rachel Sechrest • Anna Shoshina • Megan Sluder Sherry Warden • Tucker Weems • Nick Wilcox • Matt Willis
KPMG, LLP Endowed Scholarships Chase Cutler • Heidi Gall • Lisa Hobbs • Matthew Holquin Ben Lenski • Tara Rains • Freida Robertson • Peilin Shi • Rachel Williams
Mark & Kim Snyder Scholarships Aaron Krejci • Audrey Polonchek
ONEOK Scholarships Stephen Hurlbut • Janine Jenkins • Carson Mitchell • Sara Shepherd • Jonathan Thompson • Nina Williams
Pat Dorr Study Abroad Scholarships Katie Bruffett • Heather Richie • Christine Schrameck-Hawkins • Dana Sewell
PWC Scholarships Amanda Bell • Chase Cutler • Kinsey Freeman • Kyle Grau • Lisa Hobbs • Matthew Holquin • Gibson Marx • Ryan Ramseyer
School of Accounting Advisory Board and Alumni Scholarships Kimberly Alfaro • James Anderson • Laci Arnold • Emily Ashford • Kristi Augustine • Katy Baker • Dallas Barnes • Jamie Baskin • Danny Beattie • Eric Biggers • Drew Burkhart • Paige Butterfield • Tiara Byrd • Jack Chung • Brett Clifton • Amy Corter • Dustin Crisp • Stephanie Dewitt • Babacar Dieng •Frienchelle Dulan • Ronald Durdin • Cameron Elias • Daniel Eng • Kayley Ernst • Jonathan Fain • Michael Ferrante • Taylor Foster • Lynley Fox • Kyle Freeman • Graham Gamarra • Samantha Garrison • Drew Gavin • Jay Green • Cecil Hammerton • Jonathan Herrera • Stephen Higginbotham • Jimmy Holland • Cecily Hooper • Madison Hopkins • Trevor Horstmann Stephen Hurlbut • Jimmy Inskeep • Laressa Irvin • Whitney Jeffrey • Janine Jenkins • Sarah (Elizabeth) Johnson • Tyler Jones • Caleb Knight • Ben Kuhn • Kevin Lahn • Ashley Leonard Lane Loiselle • Allison Lyons • Misty McCain • Alayna McClendon • Megan McGee • Anthony McMillan • Sarah Miller • Carson Mitchell • Bei Mo • Jacob Moffat • Kathryn Moore Natalie Mosier • Kevin Naegeli • Caleb Neil • Hillary Nolan • Philip Norwood • Jori Payne • Rob Phillips • Stephanie Pinkerton • Zach Pool • Brittany Pugh • Tara Rains • Adam Roach • Drew Rogers • Charles RoglerBrown • Jason Rothman • Emily Schneberger • Christine Schrameck-Hawkins • Eric Sellers • Caleb Shake-Garfield • Sarah Siedhoff • Charles Sievers • Luying Simons • Dillon Smith • Katie Smith • Ashlyn Stallings • Chris Sterling • Nick Storm • Mason Tarpley • Mike Tatum • Whitney Taylor • Nicole Thatcher • Jarrett Thompson • Jonathan Thompson • Micah Todd • Thomas Tsang • Seth Wanger • Sherry Warden • John Weber • Leslie Weihs • Daniel Weinand • Jace White • William Whittington • Latrice Williams • Nina Williams • Matt Willis • Braden Wilson • Angela Wiseman • Alex Yauk • Liying Zeng
Terry & Barbara Pope Scholarships Stephen Hurlbut • Brooke Kendall • Spencer Lucas • Amy Reichenbach
Tulsa Chapter OSCPA Scholarships Amanda Dexter • Abbie Field • Rachel Herrmann • Spencer Lucas • Saunya Moore • Hunt Rose
Scholarships As of the end of April 2011, the School of Accounting had 726 declared accounting majors—an 11% increase over late April 2010, when we had 654 majors. During the 2010-11 academic year, scholarships were given to 258 students or 35.5% of our majors. These payments totaled $276,227 and gave each student an average scholarship per semester of about $535. In addition, significant additional scholarship support was provided for SOA students by professional organizations (e.g., the OSCPA, the Tulsa Chapter of the OSCPA, and the Oklahoma City Chapter of the FEI).
A college education is an expensive undertaking these days. Our tuition and fee rates at OSU are the lowest in the Big 12, but it’s still a lot of money. Undertaking that fifth year of school that is necessary for CPA qualification is daunting for our students and their families, and the support provided by alumni and friends of their time and funds makes all the difference in the world!
Workshops The School of Accounting frequently invites scholars from other schools to present their research as part of our ongoing workshop series. We hosted four workshop speakers last year. On Sept. 24, 2010, Angela Gore of George Washington University presented “Golden Handshakes for Bureaucrats? Ex-ante Severance Contracts in the Municipal Sector.” Several developments in the past few years have caused us to make adjustments to the scholarship formula used to determine how much a student receives. Results from a survey by the National Association of Colleges and Employers reveal that accounting majors are now the No. 1 in-demand major on college campuses. This development tends to steer more students into the accounting field and creates more demand for financial support. At the same time, the state of the economy can dampen the supply of donor funds and the Boone Pickens endowed scholarship funds has diverted donor contributions away from the discretionary funds that are used to fund most of our scholarships.
Steven Smith of the University of Illinois presented “The Influence of Sensitivity Disclosures on Investors’ Judgments” on Oct. 29, 2010. Bill Mayew of Duke University presented “Analyzing Speech to Detect Financial Misreporting” on Nov. 19, 2010. The final workshop of the season was on Feb. 4, 2011 by Christopher Agoglia of University of Massachusetts at Amherst, who presented “When Do Audit Managers Prefer Staff to Underreport Time?”
12 • 2011 • School of Accounting News
Master’s Program Our Master’s program is growing! During the 2010-11 academic year, we graduated 63 masters students — a 53% increase over the previous year’s graduation of 41 students. We currently have 123 M.S. students — 63 in our PPA program and 60 in our 4/1 program. The average GMAT score for our master’s students is 580, and the median is also 580. A number of programs help to make the OSU master’s program highly attractive to prospective students: • CPA Review Most students are now scheduled so that they take the CPA review course during the last semester of their program and actually sit for the exam during the same semester. This program allows our students to graduate with their CPA exam already complete. The pass rates on the exam parts are in the neighborhood of 85%. • Internship Students are allowed to do an internship during any semester. Those who intern during the spring semester can work during the first 8 weeks of the semester and then return to campus to complete other courses during the remainder of the semester. This arrangement allows them to do an internship without being set back a semester on the path to graduation. • Practicum Practitioners in public accounting, corporate accounting, small business, and government participate in a practicum class during the summer semester that allows students to see the accounting world from the perspective of the folks in the trenches who are really doing the sophisticated accounting work. This class is highly popular with our students and much appreciated. • Scholarships Generous scholarships provided by donors to the SOA help to offset the cost of that fifth year of school. All of these benefits are a direct result of help from our alumni, recruiters, and Advisory Board. They help reimburse CPA review costs, provide internship opportunities, bring their time and talents to the practicum, and provide generous scholarship funds. None of what we’re doing could happen without their help! We offer our sincere thanks for their generosity! Carol Johnson has taken over the job of coordinating the M.S. program. If you have questions, suggestions, or need help, please contact her at (405) 744-7627 or carol.johnson@okstate.edu.
Oil and Gas Accounting Conference More than 250 people attended the 2011 Oil and Gas Accounting Conference on November 17 at the Sheraton Hotel and Reed Convention Center in Midwest City, Oklahoma. The slate of speakers included Stephen Comstock, Manager—Tax Policy, American Petroleum Institute; Jeff Andrews, Partner at KPMG in Oklahoma City; Jonathan Duersch, Associate Chief Accountant at U.S. Securities Exchange Commission—Office of the Chief Accountant—U.S. Securities & Exchange Commission and Ken W. Seaman, Assistant Controller ConocoPhillips.
2011 • School of Accounting News • 13
Accounting and Financial Reporting Conference The 11th annual Accounting and Financial Reporting was held on November 18 in Midwest City, Oklahoma at the Sheraton Hotel and Reed Convention Center. The impressive lists of speakers included Mike Starr, Deputy Chief Accountant for Policy Support and Marketing Monitoring at the U.S. Securities and Exchange Commission, and former COO of Grant Thorton International; Daryl Buck, Board Member of the Financial Accounting Standards Board; Jack Markey, Director of Technical Accounting Research and Tax Accounting, Quest Diagnostics Inc. and Elaine Dodd, Vice President Fraud Division, Oklahoma Bankers Association.
Ph.D. Program update The doctoral program in accounting at Oklahoma State University continues on the upswing The doctoral accounting program is designed to be completed in four years beyond a M.S. degree in accounting. Students in the program take two years of coursework while receiving additional training in fields like economics, finance, and statistics. They also take an accounting research seminar each semester during their first two years. In the summer following completion of coursework, students study for comprehensive exams covering the material learned during their coursework. In the final two years of the program, students develop and defend a major research project (their dissertation) that does more than just summarize prior research, it contributes new knowledge to the field of accounting. Joohyung Ha completed her dissertation this summer and accepted a position with Loyola University. Three doctoral students, Brooke Beyer, Eric Rapley, and Michael Wolfe, successfully passed comprehensive exams this summer and are now hard at work developing their dissertations. Michael Barnes, Jimmy Downes, and Lauren Gorman completed their first year of coursework and recently did an excellent job presenting their summer research papers. Besides research and coursework, Jimmy Downes ran in the Boston Marathon last spring and Lauren Gorman was a Gold Medal Award winner on the CPA exam.
over 65 of the largest firms and over 48 state CPA societies joined together to fund the Accounting Doctoral Scholars (ADS) Program, committing financial support of over $17 million. All applicants are required to be U.S. citizens and have a minimum of three years experience in public accounting. Additional information about the Accounting Doctoral Scholar program can be found at www.adsphd.org. If you have an interest in pursuing a doctorate in accounting, please feel free to contact our Ph.D. program coordinator, Professor Don Herrmann.
Accounting Doctoral Scholars Michael Barnes and Nathan Berglund
We are also especially pleased to have enrolled an AICPA Accounting Doctoral Scholar each of the past two years. Michael Barnes was our first ADS Scholar coming from the KPMG office in Dallas last fall. Nathan Berglund is our second ADS Scholar coming from Ernst and Young in Minneapolis this fall. This is a prestigious program of top accounting candidates designed in response to the growing shortage of academically–qualified university accounting faculty members, especially those with recent experience in the practice of auditing and tax. To help fill the shortage of accounting faculty in audit and tax, concerned practitioners, and leaders from
14 • 2011 • School of Accounting News
Accounting Research Conference Annual convention brings in top accounting scholars On March 25, 2011, the School of Accounting hosted the annual accounting research conference. Five eminent scholars from around the country presented cutting-edge research. Dr. Gerald Lobo from the University of Houston was the first presenter, and his research topic was “The impact of SFAS133 on income smoothing by banks through loan loss provisions.” Robert Yu, doctoral student of accounting, moderated the session. The second speaker was Dr. Morton Pincus from the University of California. He presented a research paper entitled “Pricing of book-tax differences: Evidence from short arbitrage.” Michael Wolfe, a third-year doctoral student at OSU, moderated this session. After lunch, there were three more presentations by
Dr. David Ziebart (University of Kentucky), who presented “Evidence regarding the usefulness of accounting in managers’ bonus contracts,” Erv Black (Brigham Young University), who presented “The effects of executive compensation and auditor effort on firms’ pro forma reporting decisions,” and Carol Ann Frost (University of North Texas), whose topic was “Characteristics and information value of credit watches.” These sessions were also moderated by our doctoral students, Brook Beyer, Eric Rapley and Mingming Feng. The conference was well attended by faculty members and doctoral students from OSU and neighboring universities, and it was followed by a reception at Eskimo Joe’s.
Seniors of Significance The Seniors of Significance Award presented by the OSU Alumni Association recognizes students for excellence in scholarship, leadership, and community service and for bringing distinction to OSU. The 2010–2011 Seniors of Significance represent approximately 1 percent of the graduating class. They were honored at a public banquet on Dec. 2, 2010, at the ConocoPhillips OSU Alumni Center. Of the 41 students chosen for this distinction, seven were accounting students! They are Amalia Deines, Jessica DeLong, Katie Fuchs, Blair Kirkpatrick, Allison Lyons, David McKellips, and Johnna Lynn Rushin.
Raymond D. Thomas Award recipeint, Amalia Deines
School of Accounting students were also selected as eight of the eleven Spears School Outstanding Seniors. They were: Amalia Deines, Katie Fuchs, Samantha Garrison, Sarah Johnson, Krystal Krug, Allison Lyons, David McKellips, and Elizabeth Pitcock. They were honored at the 58th annual Awards and Honors Banquet on March 31, 2011. Deines also received the coveted Raymond D. Thomas Award. This award is given to one of the Spears School Outstanding Senior Award Recipients, and the honoree is selected based on his or her leadership, citizenship, and scholastic accomplishments.
2011 • School of Accounting News • 15
Deines has served in various positions with the Business Student Council and the Financial Management Association. Deines has volunteered at Sunnybrook Church, Salem Lutheran Church and OSU’s Big Event and Into the Streets programs. Deines was named the Outstanding Student Volunteer of the Year and an Outstanding Member of the Spears School of Business Ambassadors Program. “My path to OSU has enhanced my values and work ethic through my classes, leadership challenges and community service,” Deines said. “I am prepared to carry my OSU experience to the corporate world and wherever life takes me.” Deines is now working for Koch Industries’ accounting group in Wichita, Kan.
Recent Faculty Research, Professional Activities, and Awards John Abernathy
Don Herrmann
• “Audit Committee Expertise and Financial Analysts’ and Investors’ Ability to Anticipate Future Earnings” (with Tony Kang and Gopal Krishnan), under review at Journal of Accounting Research
• “International Diversification and Management Earnings Guidance: The Effects of Reg FD” (with T. Kang and J. Kim), Journal of International Accounting Research, 2010, Vol. 9 (1): 1-22
• “The Association Between Audit Committee Directors’ Financial Expertise, Timeliness of Financial Reporting, and Earnings Response Coefficients” (with Brooke Beyer, Adi Masli, and Chad Stefaniak), under review at The Accounting Review
• “What It Means to be an Accounting Professor: A Concise Career Guide for Doctoral Students in Accounting” (with B. Beyer, G. Meek, and E. Rapley), Issues in Accounting Education, 2010, Vol. 25 (2): 227-244
• “The Differential Value Relevance of S&P’s Core Earnings Versus GAAP Earnings: The Role of Stock Option Expense” (with Mark Dawkins and Michael Dugan), revise and resubmit at Journal of Business, Finance and Accounting
• “The Market’s Reaction to Unexpected Earnings Thresholds” (with O.-K. Hope, J. Payne, and W. Thomas), Journal of Business, Finance and Accounting, 2011, Vol. 38 (1-2): 34–57
• “Schedule UTP: Market Reaction and Economic Consequences,” working paper with Stephan Davenport and Eric Rapley
Bradley Blaylock • “Tax Avoidance, Large Positive Temporary Book-Tax Differences, and Earnings Persistence” (with Terry Shevlin and Ryan Wilson), The Accounting Review, forthcoming January 2012
Bob Cornell • “The Effects of Process Accountability on Individuals’ Use of a Familiar Technology” (with Martha Eining and Paul Hu), Journal of Information Systems, Spring 2011, Vol. 25 No. 1, pp. 109–128 • “Andrew Ford, DDS: A Small Professional Practice Management Case” (with Rick Warne) Journal of Business Case Studies, March / April 2011, Vol. 7 No. 2, pp. 1–18 • “The Effects of Client Organizational Identification on Internal and External Auditors’ Internal Control Deficiency Evaluations” (with Richard W. Houston and Chad M. Stefaniak), Auditing: A Journal of Practice & Theory, forthcoming 2011 • “Accounting for Leases: Issues and Implication for the Oil and Gas Industry ” (with William C. Schwartz, Jr. and Charlotte Wright), Petroleum Accounting and Financial Management Journal, forthcoming 2011 • “Variable Compensation and Employee Deception: A Management Note” (with William C. Schwartz, Jr. and Charlotte Wright), Petroleum Accounting and Financial Management Journal, under review.
Don Hansen • Rich, Jay S., Jefferson P. Jones, Maryanne M. Mowen, Dan Heitger, and Don R. Hansen, Cornerstones of Financial and Managerial Accounting, Cengage: SouthWestern Publishing, second edition, 2010 • Mowen, Maryanne, Don R. Hansen, and Dan Heitger Cornerstones of Managerial Accounting, Cengage: SouthWestern Publishing, fourth edition, 2011 • “Airline Safety Margins, Maintenance Expenditures, and Myopic Behavior: An Empirical Investigation” (with Larry Deppe and James Swearingen), Advances in Accounting, Finance, and Economics, Vol. 3, No. 1, 2010
• “Cost of Equity Capital, Information Asymmetry, and Segment Disclosure” (with J. Saini), Working paper under review • “Classification Shifting in an International Setting: Investor Protection and Auditors’ Influence” (with B. Behn, G. Gotti, and T. Kang), Working paper under review. • “The Effect of Securities Laws on Real and Accrual-Based Earnings Management” (with T. Kang, G. Ndubizu, and H. Ta), Working paper under review • Recipient: Richard W. Poole Research Excellence Award from the Spears School of Business for having research accepted and published in top-tier research journals
Carol Johnson • “Impact of Deceptive Reclassification of Administrative Expense by Nonprofits On Perceived Levels of Efficiency” (with Tim Ireland and Sarah Rector), Journal of Forensic and Investigative Accounting, July 2011
Tony Kang • “International Diversification and Earnings Guidance” (with Don Herrmann and Joung Kim), Journal of International Accounting Research, Vol. 9, No.1 (2010): 1–22 • “A Cross-Country Study on the Effects of National Culture on Earnings Management” (with Sam Han, Stephen Salter and Yong Keun Yoo), Journal of International Business Studies, Vol. 41 No.1 (2010): 123–141 • “Governance Role of Auditors and Legal Environment: Evidence from Corporate Disclosure Transparency” (with S. Han and Y. Yoo), forthcoming, European Accounting Review (2011) • “Managerial Ownership, Corporate Monitoring and Audit Fee” (with Giorgio Gotti, Sam Han and Julia Higgs), forthcoming, Journal of Accounting Auditing and Finance (2011). • Recipient: Richard W. Poole Research Excellence Award from the Spears School of Business for having research accepted and published in top-tier research journals • President, American Accounting Association, International Accounting Section • Vice-President, International Association for Accounting Educators and Researchers • Associate Editor, Journal of International Accounting Research (American Accounting Association)
16 • 2011 • School of Accounting News
Chad Stefaniak
Angela Spencer
• “Does Wrongdoer Reputation Matter? Impact of Wrongdoer Performance and Likeability Reputations on Auditors’ Intention to Take Action and Choice of Reporting Outlet” (with Mary Curtis and Jesse Robertson), Behavioral Research in Accounting, 2011
• “The Impact of Opaque Financing Structure on the Value Relevance of Fair Value Information,” working paper with C. Callahan and R. Yu
• “Formation and Consequences of Going Concern Opinions: A Review of the Literature” (with Jodi Gissel and Jesse Robertson), Journal of Accounting Literature, 2010 • “The Effects of Client Organizational Identification on Internal and External Auditors’ Internal Control Deficiency Evaluations” (with Richard W. Houston and Robert Cornell), Auditing: A Journal of Practice & Theory, forthcoming 2011 • “Audit Partner Perceptions of Post-Audit Review Mechanisms: An Examination of Internal Quality Review and PCAOB Inspections,” Working paper with Richard Houston, under review at Accounting Horizons • “Sent from my iPhone: The Medium and Message as Signals of Sender Professionalism in Mobile Telephony”, Working paper with Caleb Carr, under review at Journal of Applied Communications Research
(cont.)
• “Fundamental Analysis of Firm Performance Following Strategic Alliance Announcements,” working paper with M. Butler, C. Callahan, and R. Smith • “Cash Flow Implications of Sale-Leaseback Transactions: An Examination of Alternate Classifications,” working paper with C. Callahan
Charlotte Wright • “Eco-Effective Cost Management: An Empirical Link Between Market Valuation and Environmental Sustainability” (with R. Burnett and C. Skousen), Accounting and the Public Interest, 2010 • “Overview and Analysis of the IASB Extractive Activities Discussion Paper: Recommendations and Implications for Oil and Gas Accounting and Reporting” (with C. Skousen), Petroleum Accounting and Financial Management Journal, Vol. 29:3, 2010
Bill Schwartz
• “Accounting for Leases: Issues and Implication for the Oil and Gas Industry” (with R. Cornell and W. Schwartz), Petroleum Accounting and Financial Management Journal, forthcoming 2011
• “Equity Valuations Effects of the Pension Protection Act of 2006” (with J. Campbell and D. Dhaliwal), Contemporary Accounting Research, Summer 2010
• “Variable Compensation and Employee Deception: A Management Note” (R. Cornell and W. Schwartz), Petroleum Accounting and Financial Management Journal, under review.
• “Accounting for Leases: Issues and Implication for the Oil and Gas Industry”(with Robert Cornell and Charlotte Wright), Petroleum Accounting and Financial Management Journal, forthcoming 2011
• “Eco-Effective Environmental Cost Management: Does CEO Compensation Reflect Management Quality?” (with R. Burnett and C. Skousen), Accounting Organizations and Society, under review
• “Variable Compensation and Employee Deception: A Management Note” (with Robert Cornell and Charlotte Wright), Petroleum Accounting and Financial Management Journal, under review
• “Eco-Efficiency, Eco-Effectiveness and Sustainability in Accounting Research” (with R. Burnett and C. Skousen), Journal of Accounting Literature, under review.
• “Did the 2003 Tax Act Increase Capital Investments by Corporations,” working paper with J. Campbell, J. Chyz and D. Dhaliwal
• “Eco-Effective Cost Management: An Empirical Link Between Market Valuation and Environmental Sustainability.” Presentation at the Shidler Research Workshop, University of Hawaii, Honolulu, HI, 2010
• “Financing Constraints and the Cost of Capital: Evidence from the Funding of Corporate Pension Plans,” working paper with J. Campbell and D. Dhaliwal
Angela Spencer • “The Valuation and Disclosure Implications of FIN 46 for Synthetic Leases: Off-Balance Sheet Financing” (with C. Callahan and R. Smith), Presented at 2010 AAA Annual Meeting • “Does Market Valuation Incorporate Information Risk in Banks’ Financial Data? An Analysis of the Effects of SFAS 157” (with R. Yu), Presented at 2010 SWAAA Mid-Year Meeting and 2010 AAA Annual Meeting • “An Examination of the Cost of Capital Implications of FASB Interpretation (FIN) 46” (with C. Callahan and R. Smith), Presented at 2010 OSU Accounting Research Conference • “The Valuation and Disclosure Implications of FIN 46 For Synthetic Leases: Off-Balance Sheet Financing,” working paper with C. Callahan and R. Smith
2011 • School of Accounting News • 17
• “Eco-Effective Cost Management: An Empirical Link Between Market Valuation and Environmental Sustainability.” Presentation at the American Society of Business and Behavioral Sciences Annual Conference. Las Vegas, NV, 2010 • Recipient: 2010 OSU Regent’s Distinguished Research Award for outstanding and exemplary achievements in research • Ad Hoc Reviewer, Journal of Accounting and Public Policy • Editorial Review Board, Petroleum Accounting and Financial Management Journal Editorial Review Board, International Journal of Accounting Literature Editorial Review Board, Oil, Gas and Energy Quarterly
Thanks to our contributors We are very proud to acknowledge the generous support provided by our alumni and friends. Out students, faculty, and staff offer our sincere thanks to each and every one of you! The contributors listed in this report made cash contributions during the calendar year 2010 to any endowed or un-endowed account for the benefit of the School of Accounting. Pledges are not reported in this honor roll. Matching contributions, if received during the year, are recognized in the name of the donor foundation, firm, or corporation. Every effort was made to ensure the accuracy of this information. Please report any errors to Ms. Diane Crane, OSU Foundation VP of Development for the Spears School of Business at 405.385.5665 or dcrane@osugiving.com. Firms, Organization & Corporations
More than $50,000 KPMG Foundation ConocoPhillips
$25,000–$49,999 Ernst & Young
$10,000–$24,999
Halliburton Foundation Inc Grant Thornton BKD LLP Eide Bailly LLP Elizabeth G Williams Revocable Trust
$2,500–$9,999
Dell Employee Giving Program Deloitte & Touche/Tulsa ONEOK Foundation ExxonMobil MEPAC Match Program Ernst & Young Fndn/Teri and John Shaffer Fund Chevron Phillips Chemical Company LP
$1,000–$2,499
Chesapeake Energy Inc Anadarko Petroleum Corporation HoganTaylor LLP Beta Alpha Psi OG&E Energy Corporation Williams
$500–$999
Charles Machine Works Inc PricewaterhouseCoopers Tulsa Durrell PLLC Stanfield & O’Dell PC TMA Systems LLC Barbara A Ley PC
Less than $499
Shell Oil Company Foundation Craig D Spaulding DDS PC Marvin L or Billie A Rogers Family Trust George R Louthan III CPA PC ASPA/Assn of Specialized and Professional Accreditors Financial Executives International/OKC Chapter Shell Agricultural Chemical Company Collin Auto Trim Kent W Olson Trust
Individuals
More than $50,000
Steven and Jennifer Grigsby
$25,000–$49,999
Carol and Rocky Duckworth
$10,000–$24,999
Adam Buchanan John and Caroline Linehan Brad Williams S. Linn Williams S. Mark Williams
$5,000–$9,999
Andrew Alltizer Ann Bradshaw Laura and David Coley John Eaton Mark Foreman David and Nancy Holsted H. Michael Keys Wayne and Jenelle Schatz Keith Schwarz
$2,500–$4,999
William Burgler Kevin Corbett Janet and Michael Crooch Deniece and Eddy Ditzler Kathy and Gavan Goss Nicole Hensley Carlos Johnson Dee Niles Rick Rayson J. Gordon Reische John and Teri Shaffer William Stanley Howard Thill
$1,000–$2,499
Dee Anne Ayles Les Brorsen William and Kristie Buergler Nancy Bumgarner Kristi Chapman Byron Corwin and Marcie Schneeberger Rebecca and James Denny Patrick and Katherine Dorr Tom and Pam Dugger Raymond Fossett Tom and Jeany Franz William Gertsen Gail and Gary Huneryager Timothy A. Jackson Carol B. Johnson and Earl R. Johnson Donald E. Kieso Janet I. Kimbrell Carolyn K. Kinney and William R. Kinney Nancy A. Krull and George W. Krull Amanda A. LaForge and Rusty N. LaForge William Lohrey Lori M. McClure and Samuel A. McClure Glenn C. McCoy
Rick L. McCune Daniel E. McMahan Gary Meek Lori R. Meinders and John H. Meinders Robert S. Morgan and Janice L. Morgan Angela D. Mote and J. Mark Mote Elizabeth A. Newman and Cooke Newman Roy A. Nuttall and Janice M. Nuttall Mona M. Rouk and Terry L. Rouk Kevin M. Schroeder Debbie J. Sellers and Kim C. Sellers Bradley Stoots Jamie H. Walker and William A. Walker Scott A. Woltemath
$500–$999
Julie B. Anderson and Rick L. Anderson Nancy E. Austin and Les Austin Sherrlyn Bardwell and David W. Bardwell John P. Barton Gary R. Belitz Ronald E. Bussert David A. Carroway Arlene Chambers and Elliot J. Chambers Karen S. Chapel V. Randall Compton Joseph W. Creider Donald J. Derrow Roderick W. Durrell Doak A. Elliott Kristin C. Emerson Sabrina Froehlich and Jay A. Froehlich
18 • 2011 • School of Accounting News
Lawrence H. Hammer Michael A. Henson Don R. Herrmann Terry E. Hinshaw Steven R. Jacoby and Debra M. Jacoby K. Colleen Joplin and Toby L. Joplin Barbara B. Ley and David C. Ley Madeline E. Linehan and Doug Linehan Sharon D. Maloney Sam McClure Mark Mote Sheryl D. Nall and Trebor B. Nall Joy K. Ondracek Dee Paige and Barbie E. Paige Rachael D. Phillippi Brett Pratt Andrew C. Robertson Gary E. Roush and Dawn M. Roush George L. Sartain John C. Smith Angela W. Spencer Melissa Taylor Bryce L. Tawney Cindy M. Walker Lori D. Wharton and Shane Wharton Cary L. Whitlock
LESS THAN $499
Barbara L. Addison and Conall E. Addison Michael D. Akers Joan P. Armstrong and Chris G. Armstrong Angela M. Baker William J. Baker Patricia D. Barrack and John B. Barrack Hadassah Baum Karen Y. Bell and Kenneth J. Bell W. Bret Bernhardt and Ella F. Bernhardt Amber D. Blythe Dan J. Bomhoff and Kristen Bomhoff John C. Buckley
Jerome T. Cerny Anne D. Collins and Bruce C. Crauder Travis B. Combs Mekall D. Costner Jennifer M. Cripps and David B. Cripps John C. Crook Cindy A. Cuccia Christopher D. Eason Tamera L. Eck and Brad A. Eck Jennifer Fosbenner David W. Glasco and Anne R. Glasco Scott T. Graybill and Amber C. Graybill Michael A. Grismore and Heather R. Grismore Jan Hansen and Don R. Hansen Jason D. Harvey and Melanie Harvey Jeffrey M. Hays Mr. Kevin L. Hearn and Whitney K. Hearn Lea L. Henricks and M. Jeff Henricks Linda E. Holmes Betty J. Horton Christy L. Hunter Tim J. Ivins Angela D. Kazmierski and Kenneth E. Kazmierski Whitaker H. Kittleman Heather L. Krein Forrest W. Lacy Joanne Lawrence Robert M. Lawrence Lisa A. Lees Matt Lemon and Leesa R. Lemon Bridget A. Louthan and George R. Louthan Eric E. Ludeman and Susan F. Ludeman Saundra K. Manzer and Lee Manzer Melody McBroom-Cook Thomas H. McCasland James C. McElroy and Dionne C. McElroy Henry M. Mills and Patricia H. Mills
2011 • School of Accounting News • 19
Alexandria L. Moczygemba Sandeep Nabar and Robin L. Cornwell Lisa E. Neal John G. Nelson and Cynthia J. Nelson Staci Nelson John A. Norton David M. Nummy Martha Olsen and Robert E. Nolan Paul N. Parette and Charla J. Parette Jennifer L. Patterson Claudette Pippin Jason M. Reed and Y. Ly Reed Sarah T. Reed Diana R. Robinson and Winfred S. Robinson Marvin L. Rogers Matthew W. Schumacher Craig D. Spaulding and Brenda K. Spaulding Sarah R. Stafford Ryan P. Stines Peter T. Stonis and Susanna Stonis Gary D. Taliaferro Melissa R. Taylor Jessie D. Wagner Jade I. Walle Louise Wallis and Dale E. Wallis Charlotte J. Wright Cheryl Adams Sharman Addy Roberta D. Aldag-Lentz John Arstingstall and Andrea A. Arstingstall Mohua Bardhan
Carey Bolte and Karl E. Bolte Barbara A. Bremer Yvonne D. Byerly Cheyene C. Charles Hasibul A. Chowdhury Jaclyn K. Christensen and Andrew T. Christensen Ashley J. Crandall Linda J. Daxon and Tom E. Daxon Gary W. Dennis Tabitha A. Doescher and Josh L. Wiener Barrington J. Elliot Mr. J. O. Gilliam Marilyn Gilliam Nancy E. Grubb Charles G. Holmes Gary L. Jackson and Linda S. Jackson Joseph M. Jadlow and Janice W. Jadlow Erd M. Johnson Donald K. McConnell Katherine L. McKnight and David W. McKnight Stacey L. Moore Marjorie S. Morton and COL(RET) James L. Morton Kent W. Olson and Carol M. Olson Timothy E. Roe and Amanda E. Roe Judith A. Sage David P. Sartin and Carol A. Sartin J. Brock Shahan Michael A. Spexarth
Thank You! For your continued suppport and generosity
Oklahoma State University The School of Accounting 401 Business Building Stillwater, OK 74078-4011
Nonprofit Organization U.S. POSTAGE PAID Stillwater, OK Permit No. 191
The annual newsletter for alumni and friends of
The School of Accounting in the Spears School of Business at Oklahoma State University
2011 NEWS
We want to know about you! The School of Accounting and OSU alumni are eager to hear about your recent professional accomplishments. Send us your news by emailing osu-soa@okstate.edu. We’ll share your updates with your friends and colleagues throughout the year and in our next SOA Newsletter. Be sure to include your employer and position/title.
Please send comments, suggestions or alumni news to osu-soa@okstate.edu. Oklahoma State University, in compliance with Title VI and VII of the Civil Rights Act of 1964, Executive Order 11246 as amended, Title IX of the Education Amendments of 1972, Americans with Disabilities Act of 1990, and other federal laws and regulations, does not discriminate on the basis of race, color, national origin, sex, age, religion, disability, or status as a veteran in any of its policies, practices or procedures. This includes but is not limited to admissions, employment, financial aid, and educational services. Title IX of the Education Amendments and Oklahoma State University policy prohibit discrimination in the provision of services or benefits offered by the University based on gender. Any person (student, faculty or staff) who believes that discriminatory practices have been engaged in based upon gender may discuss their concerns and file informal or formal complaints of possible violations of Title IX with the OSU Title IX Coordinator, Dr. Carolyn Hernandez, Director of Affirmative Action, 408 Whitehurst, Oklahoma State University, Stillwater, OK 74078, (405) 744-5371 or (405) 744-5576 (fax). This publication, which was issued by Oklahoma State University as authorized by the dean of the Spears School of Business, was printed at a cost of $3195 for 4,200 copies. / 1011 / KC
20 • 2011 • School of Accounting News