Educational Background:
Ph.D. University of Illinois
M.B.A. DePaul University
B.S.C. DePaul University
Certified Public Accountant, Illinois
Courses Usually Taught:
ACC 402 Cost Accounting II
ACC 550 Financial Reporting & Statement Analysis
BA 654 Managerial Decision Making
Employment History:
Ralph M. Bilby Professor of Business Administration, 1996 to present.
KPMG Peat Marwick Professor of Accounting, Florida State University, 1989-1996.
Professor of Accounting, Florida State University, 1984-1989.
Associate Professor, FSU, 1979-84.
Assistant Professor, FSU, 1975-79.
Teaching and Research Assistant, University of Illinois 1972-75.
Teaching Assistant, DePaul, 1971-72.
First Lieutenant US Army Signal Corps 1969-1970.
Auditor, Ernst & Ernst CPAs, June-Dec 1968.
Staff Intern, S.D. Liedesdorf CPAs, Jan.-June 1968
Area(s) of Emphasis:
Financial Accounting
Cost/Managerial Accounting
Research Work:
Earnings Persistence Measures
Time-Series Properties and Predictive Ability of Cash-Flows and Earnings Numbers
Nonseasnal Earnings and their linkage to security prices
Post-Earnings announcement drift
Analysts' eps forecasts
Professional Organizations:
American Accounting Association
Florida Institute of Certified Public Accountants
Beta Alpha Psi
Beta Gamma Sigma
Phi Kappa Phi
Professional Licenses:
Certified Public Accountant
Publications:
"The contextual nature of the predictive power of statistically-based quarterly earnings models" Forthcoming, Review of Quantitative Finance and Accounting Vol. 28, No. 1 (2007), with G. Lee Willinger.
""Long term earnings forecast models for nonseasonal firms" Forthcoming Journal of Business Inquiry, Vol. 5 (2006) with Allen W. Bathke, Jr. and G. Lee Willinger.
"The security market's reaction to firms' quarterly earnings evidencing varying degrees of autocorrelation" Advances in Accounting Vol. 22 (2006): 29-44, with Allen W. Bathke Jr. and G. Lee Willinger.
"Differential earnings behavior and the security market assessment of variation in seasonal earnings patterns" Journal of Accounting, Auditing and Finance, Vol. 19 (Fall, 2004): 463-482 with Allen W. Bathke, Jr. and G. Lee Willinger.
"A time-series approach to measuring the decline in quarterly earnings persistence" Advances in Accounting Vol 20 (2003): 23-42 with S. Baginski, B. Branson, and G. Lee Willinger.
"The abnormal earnings valuation model and the earnings-forecast conundrum" Management Accounting Quarterly, Vol. 5, No. 1 Fall (2003): 63-68 with G. Lee Willinger.
"An analysis of the accuracy of long-term earnings predictions" Advances in Accounting Vol. 19 (2002): 161-175 with G. Lee Willinger.
"The overseas experience: what an accounting educator may expect from an international teaching assignment" Accounting Perspectives Vol. 6 (Fall 2000): 13-20 with L. Mohrweis and H. Ron Pitt.
"The differential predictive ability of opaque and transparent firms" Quarterly Journal of Business and Economics Vol. 38, No. 3 (summer 1999): 3-20 with M. Stone and G. Lee Willinger.
"The relationship between economic characteristics and alternative annual earnings persistence measures" The Accounting Review vol. 74, No. 1 (January 1999): 105-120 with S. Baginski, G. Lee Willinger and B. Branson.
"A multivariate time-series prediction model for cash-flow data" The Accounting Review Vol. 71, No. 1 (January, 1996): 81-101 with G. Lee Willinger.
"Evidence on the superiority of analysts' quarterly earnings forecasts for small capitalization firms" Decision Sciences (March/April, 1995): 243-263, with B. Branson and D. Pagach.
“An Investigation of the feasibility of using statistically-based models as analytical procedures”
Advances in Accounting Vol. 13, 1995: 87-110, with S. Wheeler, R. Icerman and D. Fordham.
“Economic determinants of quarterly earnings data” The Quarterly Review of Economics and Finance (Spring, 1993): 87-100, with S. Baginski and G. Lee Willinger.
“Time-series properties and predictive ability of funds flow variables” The Accounting Review(January, 1993): 151-63, with T. Schaefer and G. Lee Willinger.
“On the use of time-series models as analytical procedures” Auditing: A Journal of Practice & Theory (Fall, 1992):66-87, with B. Branson and R. Icerman.
“A comparative analysis of extrapolative and judgmental forecasts” Advances in Accounting Vol. 10, 1992: 279-303, with R. Holland and A. Bathke.
“Firm size and the predictive ability of quarterly earnings data” The Accounting Review (January, 1989): 49-68, with A. Bathke and G. Lee Willinger.
“New evidence on the accuracy of management forecasts and time-series forecasts of annual earnings” Advances in Accounting, Vol. 7, 1989: 67-84, with A. Bathke and J. Hassell.
“Time-series models: how well do they forecast sales?” Journal of Business Forecasting Methods & Systems (Spring, 1985): 18-19, with J. D. Icerman and A. Abdulkhader.
“A time-series analysis of nonseasonal quarterly earnings data” Journal of Accounting Research
(Spring, 1984): 369-79, with A. Bathke.
“The relationship between time-series models and the security market’s expectation of quarterly earnings” The Accounting Review (April, 1984): 163-76, with A. Bathke.
“Preliminary evidence on the descriptive and predictive properties of GPPA earnings data in the
airlines industry” Journal of Forecasting (October/December, 1983):363-76, with W. Hillison
and W. Hopwood.
“Further descriptive and predictive evidence on alternative time-series models for quarterly
earnings” Journal of Accounting Research (Spring, 1983):317-28, with J. Icerman and A. Abdulkhader.
“Time-series properties of annual earnings data: the state of the art” The Quarterly Review of Economics and Business(Spring, 1981):97-113, with R. Kee and W. Vass.
“Distributional testing of data from real world manufacturing process” Decision Sciences (April, 1980): 259-71, with F. Jacobs.
“A note on the time-series properties of control data in an accounting environment” Journal of
Accounting Research (Autumn, 1979), with F. Jacobs.
“Predicting annual net earnings with quarterly earnings time-series models” Journal of Accounting Research (Spring, 1979): 190-204.
“A comparative analysis of the predictive ability of adaptive forecasting, re-estimation and re-
identification using Box-Jenkins time series analysis on quarterly earnings data” Decision Sciences (October, 1978): 658-72, with J. C. McKeown.
“The effect on predictive ability of reducing the number of observations on a time series analysis
of quarterly earnings data” Journal of Accounting Research (Spring, 1978): 204-14, with J. C.
McKeown.
“A commentary on research on earnings forecasts: the state of the art” The Accounting Journal(Winter, 1977-78): 210-17.
“A comparative examination of management forecasts and Box-Jenkins forecasts of earnings” The Accounting Review (April, 1976): 321-30, with C. McDonald and D. Patz.
Projects:
"Financial Analyst Superiority in Forecasting Earnings in a Changing Information Environment" (2006) with D. Pagach
"New Evidence Pertaining to the Prediction of Operating Cash Flows" (2006) with G. Lee Willinger
"Conservatism and its effect on predictive ability" with L. Mason and G. Lee Willinger
"Capital Market Effects of Firms Exhibiting Nonseasonal Earnings Characteristics" with Allen W. Bathke Jr. and G. Lee Willinger
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