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Michael G. Foster school of Business, university of WashinGton
Accounting
PG.2 Michael G. Foster school of Business
UBCOWFoster school’s PAccAr hAll hosted the annual UBcoW (University of British columbia, oregon, and Washington) Accounting conference. our beautiful new building was the perfect backdrop for the weekend, as we combined the conference with a reunion of former PhD students and faculty from across the country. Attendees took tours of the new building, enjoyed visiting during breaks and meals, and participated in presentations of cutting-edge research by peers across the nation.
UBcoW has been the Northwest’s premier academic accounting conference for over 35 years. the con-ference brings together leading accounting researchers and faculty to discuss six manuscripts over two days. terry shevlin, Accounting Department chair, called the discussions “invigorating.” the combina-tion of the Accounting PhD alumni and former faculty reunion with the UBcoW conference highlighted
IndexuBcoW . . . . . . . . . . . . . . . . . . . . . . . . 2
chair’s report. . . . . . . . . . . . . . . . . . . 4
Zoe-vonna Palmrose . . . . . . . . . . . . . 5
Faculty updates . . . . . . . . . . . . . . . . . 6
student updates . . . . . . . . . . . . . . . . 8
alumni news . . . . . . . . . . . . . . . . . . 10
Beta alpha Psi . . . . . . . . . . . . . . . . . 12
research . . . . . . . . . . . . . . . . . . . . . . 14
PhD Program Placement . . . . . . . . . 14
Fritzky chair Guest speakers . . . . . 16
Financial reporting conference . . . 17
2010-11 accounting Department contributions . . . . . . . 18
PG.2 MichAel G. Foster school of BUsiNess
“i enjoyed the chance to go back to seattle and reconnect with uW people. i also appreciated the chance to show some
gratitude for what the uW has done for me over the years. the new building is great!” Dr. ilia Dichev, emory university
Former uW Professor Bill Felix, emeritus Professor Gary sundem and current lecturer Joe Paperman
Professors Dawn Matsumoto, D. shores and Jane Jollineau
emory Professor ilia Dichev (PhD ‘95) with Professor Dave Burgstahler
PG.3University of Washington
Papers presented at the 2011 UBCoW conference
•“how Do investors’ affective reactions to corporate social responsibility Performance influence their estimates of Fundamental value?” presented by Mark Peecher, university of illinois
•“the Deterrence effects of sec enforcement and class action litigation,” presented by shivaram rajgopal, emory university
•“evaluating Proposed remedies For credit rating agency Failures: improving independence and Justifying Departures From Quantitative credit rating Models,” pre-sented by lloyd tanlu, university of Washington
•“Where in the World are ‘Permanently reinvested’ Foreign earnings?” presented by linda Krull, university of oregon
•“hush Money: the impact of rank and File stock options on employee Whistle-Blowing,” presented by andrew call, university of Georgia
•“the effect of Managerial ‘style’ on the tone of earnings conference calls,” presented by Jenny li Zhang, university of British columbia
how Foster’s Accounting Department is such a positive research environment. “our PhD’s are scattered across the country and are incredibly productive in quality research and publication,” said shevlin. one PhD attendee, Michelle hanlon, Professor at Mit, commented on the opportunity to make connections with alumni from years besides her own — she appreciated how the common bond of graduating from Foster was greatly reinforced by the reunion aspect of the conference.
Foster PhD alumni shared memories of the program. ilia Dichev, Professor at emory University, remem-bers hard work on many levels — psychological as well as intellectual. he will never forget the support he received from the department when his young family found themselves in a tight spot financially. Zoe-Vonna Palmrose, Professor at UW Foster school of Business, appreciated the flexibility she found
“i enjoyed the entire conference. it was great to see the faculty, many of whom were there when i was a student. it was great to see the vast number of PhD students who graduated from uW between 1983-2010. it was also fun to be back on the uW campus!”
Dr. Michelle hanlon, Mit
(continued on page 4)
“the uW is truly a special place and we PhD alums owe a lot to it and its fabulous accounting faculty.”
Dr. urooj Khan, columbia university
Professor terry shevlin and Mit Professor Michelle hanlon (PhD ‘03)
Professor Bob Bowen and indiana university Professor Max hewitt (PhD ‘07)
columbia Professors trevor harris (PhD ‘83) and urooj Khan (PhD ‘09)
PG.4 Michael G. Foster school of Business
As We PUt toGether our annual newsletter, i am reminded of the quality of the Foster school — from the people that make up our community to the campus with our excellent physical facilities, Paccar hall at the center. i am amazed and pleased to present some of the accomplishments of our outstanding Accounting alumni, faculty and students.
We are proud to announce the return of a former PhD student, Zoe-Vonna Palmrose. she joins us as our newest Professor of Accounting. As you will read inside, she brings not only her skills as a long-serving tenured pro-fessor at Usc, but also her knowledge and facility with governmental regula-
tions as a public policy researcher and resource for governmental regulatory bodies in Washington, Dc.
other faculty news includes the promo-tion of Weili Ge to associate professor with tenure and the election of emer-itus Professor Gary sundem as President of the international Association for Accounting education and research.
We sponsored two significant confer-ences this year. our annual Financial reporting conference was well attended, and we hosted the UBcoW research conference here at Paccar hall. Visiting with former Foster Accounting PhD students at the UBcoW research conference was a highlight, and many of the attendees found the level of research in presented papers to be exceptional — making this conference extremely rigorous and useful for UBcoW members.
i have just completed my fifth year as chair of the Accounting Department. i wish to thank everyone for their time, effort and financial support, and i invite you to come and visit Paccar hall. As
further evidence of the outstanding support we receive from alumni and local business organizations i wish to thank clark Nuber in providing sponsor-ship of our Newsletter to help defray the costs of preparation and distribution.
if you have any comments on articles in this newsletter or any other comments about the Accounting Department please contact me at [email protected].
the Chair’s report terry shevlin
thank you to our supporters!
• ADF donations on the rise• Internships consistently offered
to our students• Alumni and professionals visit
classrooms, attend BAP, share experience and knowledge.
Professor Frank hodge with former uW Professor Jamie Pratt, indiana university
Former uW Professor shiva rajgopal, emory university, and university of texas-Dallas Professor todd Kravet (PhD ‘09)
in our PhD program. “i was able to minor in law and economics, when capital mar-kets research dominated most PhD programs. i also found that with Bill Felix and Jim Jiambalvo, the UW was one of the few universities with faculty interested in auditing research.” Memories and catching up with peers made this conference extraordinary. the opportunity to discuss intellectually stimulating work in a beautiful setting ensured that the conference will remain the top accounting conference in the area.
continued from page 3UBCOW
Foster School’s Accounting Department increased in US News school rankings over the past three years. Foster now ranks 6th among all public school accounting departments and 10th overall.
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in 2005, Zoe-vonna collaborated with former Microsoft cFo and nasdaq chair Mike Brown (Ba 1969) on “thog’s Guide to Quantum economics: 50,000 years of accounting Basics for the Future,” a work of “scientific fiction” that follows an immortal family of hunter-gatherer-bookkeepers through the ages as they invent arithmetic and writing, and sensibly adapt their recordkeeping to simplify the complexity of their increasingly modern economic lives.
Zoe-Vonna Palmrose – Professor of Accounting
But this is not Zoe-Vonna’s first experience at the Foster school. she is an alum, having graduated in 1982, earning her PhD with a dissertation on quality differentiated audits and the pricing of audit services. she left for california, working first at Berkeley before settling in for a long tenure at Usc. We welcome her home with great joy and respect.
Zoe-Vonna has always called the Pacific Northwest home. she hasn’t been yearning for the cool air and beautiful vistas of Puget sound all these years. she and her husband, John carson, made their home here and she commuted from Washington state to both california and Washington, Dc, for thirty years. “it was our way to manage a dual-career household,” she says. John, now retired, was a seattle Police Department lieutenant.
Zoe-Vonna has pronounced the Paccar Building both stunning and functional. she finds both the physical building and the spirit of the community exhilarating. “the students are so keen, so engaged and interested!” she says.
coming back has confirmed her connection and deep roots here. Welcome home, Dr. Palmrose!
Zoe-VoNNA PAlMrose BelieVes having a “true north” on one’s compass helps contribute to the public policy dialogue on accounting and auditing issues of the day. Foster Business school’s Accounting Department is honored to have this illustrious researcher and teacher join the faculty. Zoe-Vonna’s experience with the Washington, Dc, scene deepens the range and reach of our curriculum. her understanding of issues related to the quality of financial reporting and auditing expands the horizons for our students and fellow researchers. she comes to us highly decorated – she twice received the American Accounting Association’s Wildman Medal and was the AAA’s Presidential scholar in 2008, and she has been named one of the 100 most influential people in finance.
Zoe-Vonna’s work from 2006 to 2008 at the securities and exchange commission as Deputy chief Accountant for Professional Practice in the office of the chief Accountant involved helping lead and coordinate the commission’s oversight of the Public company Accounting oversight Board, which was created by the sarbanes oxley Act of 2002 to regulate public company audits. she and her staff also received the sec’s law and Policy Award for their efforts in helping rationalize the imple-mentation of soX section 404 for reporting on the effectiveness of internal control over financial reporting.
Zoe-Vonna joined the Accounting Department this fall, and is already deep into collaborative research projects related to audit quality with Jane Jollineau and Amanda Winn. she teaches financial statement analysis to graduate students (both MBA and MPAcc), focusing on increasing their critical thinking abilities in using and interpreting financial reports, including the usefulness and limitations of the GAAP financials and the sec-required disclosures.
Zoe-vonna and her husband, John, on their boat, thogey (named after the main character in her book)
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PG.6 Michael G. Foster school of Business
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esMy favorite…TIME OF YEAR: summer in hawaii
MOVIES: The Shawshank Redemption, Sense and Sensibility
TV SHOWS: Modern Family, Friday Night Lights
BOOKS: Pride and Prejudice, The Miraculous Journey of Edward Tulane
FOOD: scallop and Pomelo salad at long’s Provincial
DESSERT: lavender cupcakes from cake envy in Greenlake
MORNING DRINK: tall, no-room, Americano
PLACE ON EARTH: A beach on o’ahu known to locals as sherwoods
QUOTE: “Where your treasure is, there your heart will be also” – Matthew 6:21
BRAND: “happiness in a Box” – Zappos
TREND: Urban gardening
EDUCATIONAL TREND: studying abroad
INNOVATION: Double-entry bookkeeping tiVo
PART OF MY JOB: Watching students transform into young professionals concocting killer exams
My least favorite…TIME OF YEAR: June in seattle
FOOD: cantaloupe
DESSERT: crème Brule
TREND: reality television
INNOVATION: Video games
The person…FAMILY: John, husband of 20+ years, and my two sons, Daniel (10) and Joseph (7)
EDUCATION: Undergraduate – University of hawaii Graduate – University of Washington
HEROES: those who exhibit grace in the midst of suffering
HOBBIES: Baking! And (because of the former hobby) jogging and swimming, but my main hobby is running my kids around to their various activities
RECENT TRAVEL: hiking trip in the Alps with my friend and colleague, Jane Jollineau
BEST KNOWN FOR: Matsumoto’s house of GAAP Planning parties
INFLUENTIAL PEOPLE IN MY LIFE: Bob Bowen – my dissertation chairman and the reason i was hired back at the UW My husband John – he’s the most optimistic person i know
AN OUT-OF-THE-BOX IDEA: Giving ten percent of your income to charity
A TIMELESS IDEA: treating others the way you would want them to treat your children (my version of the Golden rule)
AN INSIGHT: having more options only increases the chance you will regret the choice you make
What I’d like to…LEARN: how to grow vegetables
SEE: Machu Picchu
SEE MORE OF: My family in hawaii
Dawn and John with their sons Daniel and Joseph
Getting to Know Professor Dawn Matsumoto…
PG.7University of Washington
Pete Dukes, avid cyclist and husky fan
coNGrAtUlAtioNs Are DUe to Weili Ge on two fronts. After five years in the Foster school, she has been promoted to Associate Professor, and this summer she was promoted to parenthood with the arrival of baby Anya. Weili and her husband lixin lin are thrilled with both events.
Weili started at the Foster school as an assistant pro-fessor in 2006, after earning her PhD at the University of Michigan. her research focus is on earnings quality, internal control over financial reporting, and accounting fraud. Weili appreciates all the mentoring she received from other Foster accounting faculty. “this is a great department for new
iN sePteMBer, ProFessor Pete DUkes was appointed Faculty Athletics representative for the University, a half-time position reporting directly to UW President Young. Pete will look out for the welfare of our student athletes, making sure they are treated appropriately and have appropriate support for academic suc-cess. he will also verify the eligibility of student athletes, assist students with petitions for medical “redshirt” years, and ensure the University complies with NcAA regulations. the position includes representing Washington at the PAc-12 council, and drafting and voting on legislation of the NcAA.
Being close to athletics comes naturally to Pete. Pete coached girl’s basketball at roosevelt high and played basketball when he was in the Navy. At the UW, he served for six years on the President’s Advisory committee on intercollegiate Athletics. he was a faculty mentor for the Men’s Basketball team in the early 2000s, and has been a fan of UW sports since his arrival thirty years ago. he is a passionate cyclist and enjoys exploring the Pacific Northwest on lengthy riding trips.
Pete says he is enjoying his new assignment, although at the moment he is on the very steep part of the learning curve and feels like he is “drinking from a fire hose.”
Foster BUsiNess school eMeritUs ProFessor Gary sundem was recently elected President of the international Association for Accounting education and research (iAAer). he previously served on the iAAer executive committee and has been the iAAer representative to the international Accounting education standards Board (iAesB), a standard-setting body of the international Federation of Accountants (iFAc). in addition, he has been in charge of the iAesB academic research projects for the past four years.
Professor sundem will head an executive committee consisting of 20 accounting academics and professionals from 15 different countries.
Weili Ge Promoted
Dukes Is New Faculty Athletics Representative
International News: Sundem Elected President of IAAER
IAAER’s activities• SponsoroftheWorldCongressofAccounting
educators and researchers
• Co-sponsorofseveralannualglobalconferences
• Organizeroffacultyconsortiaindevelopingcountries
• Administratorofacademicresearchprogramsforprojects that have a direct impact on practice.
faculty. there is a lot of support through reading working papers and critiquing research development.”
since arriving at Foster, Weili has excelled both at teaching and at research. she was honored as “Undergraduate Accounting Faculty Member of the Year for 2011, while her co-authored paper, “Why do cFos Become involved in Material Accounting Manipulations?” won the Glen Mclaughlin Prize for research in Accounting ethics.
Acctg 440, a senior-level course focusing on financial state-ment analysis, is great fun for Weili to teach. students follow a single company throughout the quarter and finish by writing an analyst report on the company. the course is designed to cap their undergraduate degree and help students think critically and polish writing skills.
Weili is focusing on research this quarter and trying to get a full night of sleep. she returns to teaching Accounting 440 Winter Quarter.
Weili and lixin with their daughter anya
PG.8 Michael G. Foster school of Business
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esA teAM oF Foster AccoUNtiNG stUDeNts partici-pated in the national kPMG-sponsored Association of latino Professionals in Finance & Accounting (AlPFA) competition in california this August. the UW was one of only 28 schools invited to participate in kPMG’s presti-gious national competition.
the Foster team, Nicolas colmenero, sonia Gorski, chris Guimaraes, Abril lopez and Felicia Montoya, received a case study about McDonald’s corporation in January 2011. For six months, the students worked on an in-depth analysis of McDonald’s strategic risks, business processes, and accounting issues. they made recommen-dations to McDonald’s audit committee, and suggested ways the company could manage strategic risks.
case questions included complex probing on financial derivatives, hedging activities, share-based compensation as well as corporate governance. in August, the team traveled to the AlPFA convention at Disneyland and pre-sented their case findings to a panel of kPMG judges.
the AlPFA convention provided the students an opportu-nity to network with accounting professionals and attend Microsoft excel learning sessions. they also explored potential career paths at a national job fair.
iN the sPriNG, Boeing sponsors a yearly writing competition for students studying cost accounting. Unlike many competitions which stress presentation skills, this event focuses on writing. students were given a case on whether Boeing should develop their own metal or outsource the development. they were given cash flow analysis and variable cost information.
lecturer larry Ducharme did the initial grading and the top twelve papers were sent to Boeing executives for analysis.
First place winner, caitlin rindal, liked working on a real world example and appreciated the opportunity to practice her profes-sional research writing skills. Zac copeland and Bethany Friesen won second and third place in the competition.
Boeing Writing Competition Benefits Accounting Students!
UW Foster Students at KPMG ALPFA Competitionthe 2011 team had three mentors: UW faculty member Patricia Angell, kPMG audit manager Mark turley and senior associate christian ellis.
students reported great satisfaction with the overall experience, enjoying the challenge of the case and the collegiality of the competition in Florida.
nicolas colmenero, Felicia Montoya, abril lopez, sonia Gorski and chris Guimaraes
scholarship Winners: amy rufener, Monica ittes, eliza nesvog and aymeric Prieur
Boeing capital controller Kevin Murphy, caitlin rindal (First), Zac
copeland (second Place) and Bethany Friesen (third Place)
WSCPA Scholarship Winners
PG.9University of Washington
Pitichoke chulapamornsri, 2011 outstanding accounting Graduate award Winner
Foster tax competition Winners: lucie Goodwin, erika Marquez, eliza nesvog and Maria onojchenko
team lybrand Winners: Jonny lu, Daniel Beasley, caitlin snaring, Patrick Butler and nash springberry
the WiNNer oF the 2011 Most oUtstANDiNG Accounting Graduate is Pitichoke chulapamornsri, who graduated in June of 2011 and is currently employed in a major financial services firm.
originally from thailand, Pitichoke moved to the United states in his teens. he was an enthusiastic student at the Foster school, participating in leadership roles on the Undergraduate Business council, volunteer positions with the Undergraduate Program office and assisting with the organization of the Global Business case competition.
During his junior year, he studied abroad at Peking University, studying the chinese economy and chinese taxation. he also participated in the Princeton in Beijing intensive chinese language program in Beijing, china.
the Most outstanding Accounting Graduate award is based on leadership, strategic thinking, contribution to the community, grades and classroom performance. the accounting faculty reviewed the accomplishments of seven nominated students and chose Pitichoke based on his service to the school and his passion for excellence. his accomplishments at the Foster school include representing the school at multiple case competitions in seattle, Utah and Asia, tutoring fellow students in managerial and financial accounting, and graduating cum laude in Business Administration with con-centrations in both Accounting and Finance, and a certificate of international studies in Business (chinese track).
PriceWAterhoUsecooPers sPoNsoreD the eighth UW Foster xAct competition, offering an opportunity for students to work together in a competition. Upper level accounting majors mentored sophomores, and for the first time, freshmen, in this unique competition, which exposes students to the world of professional accounting.
Foster students formed 16 teams for the two-week competition. Pricewaterhousecoopers judges evaluated each team on their presentation, research, and response to a Q & A session. they were mentored by Pwc senior Associate eric liang. MPAcc tax graduate Michael Grohman, Pwc associate, coordinated the Foster xAct competition.
this year’s winning team was team lybrand, which included UW sophomores Jonny lu, caitlin snaring and Nash springberry, and juniors Patrick Butler and Daniel Beasley. the Foster team was selected as one of five finalists from 850 teams across the country and will travel to New York city in early 2012 for the finals!
kPMG sPoNsoreD Foster school’s MPAcc taxation Program’s annual competition, a case study designed to stimulate student interest in tax and tax law. Five Northwest schools came to Paccar hall to compete in the two-day event. students were given four hours to provide a solution to a comprehensive individual tax situation during the first round of the competition. three finalists were chosen from the written responses and invited to the finals on the following day. they were given additional facts and asked to present recommendations to their clients.
Foster school’s team won first place in the competition. congratulations to lucie Goodwin, erika Marquez, eliza Nesvog and Maria onojchenko, as well as to all the students who tried on the mantle of tax advisor for the first time.
Most Outstanding Accounting Graduate
Eighth PwC xACT Winners Off to NYC Finals!
MPAcc Annual Tax Competition
PG.10 Michael G. Foster school of Business
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DoN heisler, UW Foster school AlUM, is a partner with Deloitte & touche llP and leads its technology, Media and telecommunications industry practice in seattle. he also serves as the audit lead for the Pacific Northwest Venture capital practice and as the partner in charge of audit recruiting in seattle.
Don was born and raised in eastern Washington, and began his education at Walla Walla University, where his father was Dean of the school of engineering. he had always been independent minded, and came to Western Washington for an internship at a young, up and coming technology company — Microsoft. enjoying life in the big city, he enrolled in the University of Washington to complete his business degree.
“i was not admitted to the Business school on my first go around. it was the first door that had ever been shut on me,” he laughs. this pivotal moment taught him the value of persistence, aggressiveness, and diligence. once here, he explored his passion for accounting. coming from a small agriculturally-based community, he had no idea what a public company was, nor did he understand the purpose of the Big 6 in the marketplace. Foster school’s Beta Alpha Psi (BAP) allowed him to integrate into the professional world and helped him understand the relationship of accountants to large public companies.
Don Heisler, Deloitte Partner
he believes the Foster faculty have a deep passion for education and cutting-edge research that makes them skilled and keen educators. “My biggest misconception of the UW was that i would be in huge classes with pro-fessors who didn’t care about teaching or want to get to know me. i left feeling completely opposite of that.” Among the teachers he remembers, Jim Gillick and lloyd heath helped him discover the real substance behind the accounting profession, and Bill resler deepened his understanding of tax. “While Bill did his best to make tax exciting, auditing was in my blood.”
Don started at Deloitte & touche 18 years ago. Working at Deloitte has been an “amazing” experience. he feels strongly that the accounting profession is not only about personal success, but also about lifting others upward with your successes. he has found the collegiality and support extremely meaningful.
“The substance of Paccar Hall has really upped the game and mental confidence of the Foster School graduates.”Don heisler
Don and lorelei with their children
Deloitte has expanded his horizons in just about every way pos-sible. From opportunities to serve industry-leading world class companies, opportunities to travel for work to over 15 different countries, and most importantly the opportunity to meet his wife (who is a Deloitte alum), Deloitte has influenced just about every aspect of his life.
Don has not lost his enthusiasm for the Foster school, returning to campus to lecture in the MPAcc program and host the annual Deloitte Accounting case competition, among other activities. he finds it an honor to give back to the community of staff, faculty and students, calling the experience he has here “abso-lutely contagious.” the level of energy, enthusiasm and freshness among Foster students energizes him whether he is lecturing, recruiting, or participating in BAP activities.
he is a proud alum when he walks into the new Paccar hall. “the substance of Paccar hall has really upped the game and the mental confidence of the Foster school graduates, and i am immensely proud that Deloitte contributed to the new building.”
Don is a big supporter of the Accounting Development Fund (ADF). he is a member of the executive board and finds involve-ment through ADF helps him understand the measures by which the Foster school is evaluated against peer institutions, as well as the qualities the Foster school is looking for in candidates applying for enrollment. he enjoys ADF’s focus and support of faculty and believes that helping to attract and retain the com-mitted and engaged teachers and researchers is an extremely important commitment from ADF to the school.
Don’s greatest joy is watching his two children grow up. his wife, lorelei, is a Global client service Director with resources Global Professionals and has as successful and demanding a career as his. he calls it an “art form” to maintain a good work/life balance, and he has committed to be at the dinner table with his family most evenings. he is passionate about his family, and brings home the same commitment to support and excellence as he has given to his colleagues at Deloitte and the Foster school.
PG.11University of Washington
Robert W. AshThe Benaroya Capital Company
Ana BowmanCertified Public Accountant
Joe Brotherton The Brotherton Companies
David A. Brown Plum Creek Timber Co.
*Larry D. Calkins Holland America Line-Westours, Inc.
Roland (Pete) E. DukesUniversity of Washington
Luke FewellMicrosoft
Saul GatesCoinstar
*Gary P. Grimstad Moss Adams
*Donald HeislerDeloitte
**Kelly KellerPricewaterhouseCoopers
Karissa LackeyKPMG
David Lewis Novinium
Stephen E. Marsh Certified Public Accountant
Thomas E. Melang Melang, Hopps & Company
Gerhard G. MuellerUW Professor Emeritus
*Kevin J. Murphy Boeing Capital Corp.
Scott D. MurphyGoldfinch Bros., Inc.
*Charles PancerzewskiCertified Public Accountant
Brandon PedersenAlaska Air Group
Rodney A. PiersonPhysicians Insurance
Ronald G. Rauch Clark Nuber
Gary Rigsby Attachmate Corp.
*Lori RussellSweeney Conrad
Suzanne SchifflerMcGladrey
Dave SchillingMoss Adams
Steve SefcikUniversity of Washington
Kathy SmithErnst & Young
*Walter R. SmithBader Martin Ross & Smith
Trevor A. StuartIntellectual Ventures
Jeff WiseDeloitte
David YonceWCP Solutions
ACCOUNTING DEVELOPMENT FUND BOARD OF TRUSTEES
Paccar hall opened in august of 2010 — but that was not the end of our Foster school makeover. Balmer hall, the building housing the old classrooms, was razed last fall and a second building has begun to rise.
Foster School Building Project – Phase II
the new building will house needed classrooms on the first two floors, and administrative offices and a reception area on the two upper floors. according to accounting Professor Pete Dukes, who has shepherded both buildings as chair of the Foster school Building committee, lMn architects created a fantastic design. the new building will complement Paccar hall in materials, look, and feel. Pete is pleased with the efficiency and expertise sellen construction brought to the job.
the Phase ii project, as the new building is called, will be completed in april of 2012. it will house the Dean’s office, itt services, the undergraduate and Graduate Program offices, the MBa career center, and a new ernst & young undergraduate career center. on the top floor, anthony’s home Port executive Meeting room will be a high-capacity meeting and reception space.
* Executive Committee Members**Chair of the Executive Committee
Support Accounting!you can make a world of difference for the faculty & students in the Department of accounting by making a donation to the accounting Development Fund.
Just visit our accounting homepage and click on “support accounting.”
foster.washington.edu/accounting
thank you.
PG.12 Michael G. Foster school of Business
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sithis autumn meeting schedule includes speakers from accounting firms like McGladrey and BDo seidman llP, and corporations such as chevron. Professionals speak on topics like iFrs, ethics in accounting, and also inform the students using personal insights from their careers. BAP members also have a chance to ask questions and speak with the professionals after the meeting adjourns.
Annual Awards and Alumni Banquetthe UW BAP annual banquet was held at the seattle Design center this past May. there were over 200 faculty, students and professionals in attendance to celebrate the end of the academic year and commemorate outstanding individuals. An award was given in honor of Dean Jiambalvo — the recipient was the Accounting Department’s executive secretary, JoAnn kocha.
Be sure to save the date for next year’s banquet — it will be in May 2012 at the Burke Museum.
Beta Alpha Psi News
BaP president nathan Bannick with officers caitlin rindal and Joel carsleynew BaP faculty advisor Joe Paperman
reGional neWsthe entire leadership team of 52 students (incoming leaders as well as outgoing officers) attended regionals in oregon last spring, along with faculty advisor Deborah Medlar and incoming faculty advisor Joe Paperman. At the Deloitte Best Practices competition, students from the Delta chapter presented the new programs chapter leaders initiated during the year. the incoming leadership team also participated in team dynamics workshops and attended professional and alumni sessions on topics ranging from work-life bal-ance to careers in forensic accounting.
the 2012 regionals will be co-hosted by the Delta chapter and the new UW-Bothell chapter.
loCal neWsService Activitiesthe chapter continues to maintain a variety of diverse service projects, including VitA, Accounting tutoring for Foster undergrads, and assisting at the University District Food Bank, as well as the BeDc, ethics and integrity, and Junior Achievement programs.
this fall, Beta Alpha Psi members will be serving at events like the Northwest harvest’s Annual Food Auction, the Big Brothers Big sisters seahawks game, and the kZok radiothon.
Professional Activities the Delta chapter creates multiple networking opportunities through professional meetings, men-torship programs, “Meet the Firms” events and personal enrichment workshops for students to meet professionals.
Beta alPha Psi is an honorary organization for Financial information students and professionals. the primary objective of Beta alpha Psi is to encourage and give recogni-tion to scholastic and professional excellence in the business information field. this includes promoting the study and practice of accounting, finance and information systems; providing opportuni-ties for self-development, service and association among members and practicing professionals, and encouraging a sense of ethical, social, and public responsibility.
What is Beta Alpha Psi?
PG.13University of Washington
Did you know?The University of Washington’s BAP chapter was the
fourth in the nation, formed in 1921 with 12 student
members, and carries the fourth Greek letter as its name
— Delta chapter. In 2011, the Delta chapter had over 200
student members.
Deborah Medlar, former faculty advisor for the Delta chapter of Beta alpha Psi, was recently appointed chapter advocate for the northwest region of BaP.
Deborah has been involved with the Delta chapter at the university of Washington for the past five years. Deborah is a member of the Washington society of cPas and she is admitted to practice law in the state of Washington.
as chapter advocate(ca), she will attend and coor-dinate regional meetings as well as all Board and ca meetings. the regional ca offers assistance and encouragement to chapters as needed, nurtures Faculty advisors, and ensures the regional voice is heard.
congratulations, Deborah!
New Chapter Advocate
Ernst & Young Diversity Initiative Award
Delta chapter won one of ten awards given to schools with special programs on Diversity. the chapter con-tinues to support its program in which students serve as accounting consultants to minority-owned small businesses.
Outstanding Faculty Advisor
Delta chapter’s Faculty Director Deborah Medlar was named an outstanding Faculty advisor.
BAP Nationals – Project Run With It
this year at nationals in Denver, Brian nguyen, a member of the Delta chapter, was part of the team that won the ‘Project run With it’ competition. he won a cash award that will go toward future service events within the BaP Delta chapter.
National Awards
Foster Alum Wins AICPA Award!
Foster grad, Maria Goto, won the aicPa 2009 elijah Watt sells award presented to the top national cPa exam candidates for the best scores on the exam that year. the awards are presented annually to candidates who have earned the ten highest cumulative scores. she is currently earning her MBa at the university of hawaii at Manoa. congratulations for this extraordinary achievement, Maria!
Top Washington CPA Exam Winners!x
Four Foster accounting students were among the top ten performers in Washington state on the 2010 cPa exam. congratulations to shelby yarnell and Michael Dean (pictured) as well as Bobby stoumbos and scott Feldman. We still await the announcement of the aicPa national awards as we go to press. congratulations for making us proud!
CPA Exam Superstars!
PG.14 Michael G. Foster school of Business
BoB BoWen“Financial Whistle Blowing: target Firm characteristics and economic consequences,” with Andy call and shiva ragjopal, The Accounting Review, 2010.
DAVID BURGSTAHLERIntroduction to Management Accounting, 15th ed., with charles horngren, Gary sundem, William stratton, and Jeff schatzberg, Prentice hall, 2010.
Weili Ge“Do cFos have style? An empirical investigation of the effect of individual cFos on Financial reporting Practices,” with Dawn Matsumoto and li Zhang, Contemporary Accounting Research, 2011.
“Why do cFos Become involved in Material Accounting Manipulations?” with Mei Feng, shuqing luo and terry shevlin, Journal of Accounting and Economics, 2011.
“Predicting Material Accounting Misstatements,” with Patricia Dechow, chad larson, and richard sloan, Contemporary Accounting Research, 2011.
“Understanding earnings Quality: A review of the Proxies, their Determinants and their consequences,” with Patricia Dechow and catherine schrand, Journal of Accounting and Economics, 2010.
FRANK HODGE“Using online Video to Announce a restatement: influences on investment Decisions and the Mediating role of trust,” with Brooke elliott and lisa sedor, The Accounting Review, forthcoming.
Accounting Department Publications: 2010-11 (Those listed as forthcoming were all accepted in 2011)
“the effects of Financial statement information Proximity and Feedback on cash Flow Forecasts,” with Pat hopkins and David Wood, Contemporary Accounting Research, 2010.
“Does the location and organization of Disaggregated information improve Financial statement transparency?” with rob Bloomfield, Pat hopkins and kristi rennekamp, accepted for presentation at the 2011 Contemporary Accounting Research conference.
Jane JollineaU“subordinates as the First line of Defense against Biased Financial reporting,” with tom Vance and Alan Webb, conditionally accepted at Journal of Management Accounting Research.
DAWN MATSUMOTO“is silence Golden? An empirical Analysis of Firms that stop Giving Quarterly earnings Guidance in the post reg-FD period” with shuping chen and shiva rajgopal, Journal of Accounting and Economics, 2010.
“Do cFos have style? An empirical investigation of the effect of individual cFos on Financial reporting Practices,” with Weili Ge and li Zhang, Contemporary Accounting Research, 2011.
“What Makes conference calls Useful? the information content of Managers’ Presentations and Analysts’ Discussion sessions,” with Maarten Pronk and erik roelofsen, The Accounting Review, 2011.
ZOE-VONNA PALMROSE“ceo involvement in selecting Board Members, Audit committee effectiveness, and restatements,” with Joe carcello, terry Neal, and susan scholz, Contemporary Accounting Research, 2011.
rese
arch
Accounting PhD Program Placement
2011Brad Blaylock, oklahoma state Universityalex edwards, University of torontoallison Koester, Georgetown University
2010liz chuk, University of southern californiavalerie li, University of
Washington-Bothell
2009urooj Khan, columbia University,l. Jenny Zhang, University of British
columbia todd Kravet, University of texas-Dallas
2008richard Mergenthaler, University of iowa
2007andrew call, University of GeorgiaMax hewitt, indiana UniversityWhee ling Kevin Koh, Nanyang
technological University, singaporechristine Mashruwala, Baruch collegeshamin Mashruwala, Baruch collegetom vance, University of Waterloo, canadaryan Wilson, University of iowa
Winner 2008 AtA Dissertation Award
2006Kathleen hertz rupley, Portland state
UniversityMitchell oler, Virginia tech University
2005stacie Kelley laplante, University of Georgia
the AccoUNtiNG DoctorAl ProGrAM admits 2-4 students from more than 100 applicants per year. listed below are recent graduates with placement information. Nearly all have published papers with faculty in the top accounting journals.
university of southern california Professor liz chuk (PhD ‘10) and columbia Professor urooj Khan (PhD ‘09)
PG.15University of Washington
yen hee tong, Nanyang technological University, singapore
2004Koji Kojima, kwansei Gakuin University, Japan
2003W. Brooke elliot, University of illinois-champaignMichelle hanlon, Mit Winner 2004 AtA Dissertation Award Winner 2004 Financial reporting section Dissertation Awardtina Zamora, seattle University
steve riCeTax Accounting, Matthew Bender, 2011.
terry shevlin“tax Avoidance, large Positive temporary Book-tax Differences, and earnings Persistence,” with Brad Blaylock and ryan Wilson, The Accounting Review, forthcoming.
“the Value of a Flow-through entity in an integrated corporate tax system,” with Alex edwards, Journal of Financial Economics, forthcoming.
“Domestic income shifting by chinese listed Firms,” with tanya tang and ryan Wilson, Journal of the American Taxation Association, forthcoming.
“real effects of Accounting rules: evidence Form Multinational Firms’ investment and Profit repatriation Decisions,” with John Graham and Michelle hanlon, Journal of Accounting Research, 2011.
“Why do cFos Become involved in Material Accounting Manipulations?” with Mei Feng, Weili Ge and shuqing luo. Journal of Accounting and Economics, 2011.
“Barriers to Mobility: the lockout effect of Us taxation of Worldwide corporate Profits,” with John Graham and Michelle hanlon, National Tax Journal, 2010.
“Accounting restatements and information risk,” with todd kravet, Review of Accounting Studies, 2010.
“examining investor reaction to irs Announcement 2010-09,” with Alex edwards and Allison koester. Tax Notes, 2010.
“Are Family Firms More tax Aggressive than Non-Family Firms?” with shuping chen, Xia chen and Qiang cheng, Journal of Financial Economics, 2010.
MARK SOLIMAN“Non-GAAP earnings and Board independence,” with richard Frankel and sarah McVay, Review of Accounting Studies, 2011.
“Going, Going, Gone? the Demise of the Accruals Anomaly,” with John hand and Jeremiah Green, Management Science, 2011.
GARY SUNDEM“integrity in Financial reporting: Why and how”, in Business and Financial Crises: Some Urgent Priorities for Accounting and Accountants, Daniel Zeghal, ed. (cGA Accounting research center, University of ottawa), 2010.
Introduction to Management Accounting, 15th ed., with charles horngren, William stratton, Dave Burgstahler, and Jeff schatzberg, Prentice hall, 2010.
Introduction to Financial Accounting, 10th ed., with charles horngren, John elliott, and Donna Philbrick, Prentice hall, 2010.
LLOYD TANLU“conflict of interest and the intrusion of Bias,” with Don Moore and Max Bazerman, Judgment and Decision Making, 2010.
JAKE THORNOCK“the information content of Annual earnings Announcements and Mandatory adoption of iFrs,” with Wayne landsman and ed Maydew, Journal of Accounting and Economics, forthcoming.
thank youto clark nuber for
sponsoring this edition
of the newsletter
university of Georgia Professor stacie Kelley laplante (PhD ‘05), loyola Marymount Professor laurel Franzen (PhD ‘00) and university of oregon Professor angie Davis (PhD ‘01)
PG.16 Michael G. Foster school of Business
the cUrreNt holDers of the Fritzky chair of leadership, Paula and stephen reynolds, brought two high profile speakers to the Accounting Department this fall.
tim ryan, Pricewaterhousecooper’s United states Assurance leader and Vice President, arrived in early November to talk and visit with students and faculty of the Accounting Department. Undergraduate students in intermediate Accounting classes participated in his presentation on recent developments on the liability side of the balance sheet. the presentation was timely, considering how global current events are currently centered on long-term debt issues. his focus on the responsi-bilities of auditors sharpened student understanding of the role of an auditor in today’s financial markets. he is fond of saying “it’s the auditor’s job to call balls and strikes.” students and faculty were fascinated by anecdotes he shared from his years of experience auditing some of the world’s largest corporations, including the time he had to issue a material weakness on AiG.
in the afternoon, ryan discussed career issues with students in the MPAcc Auditing and Assurance Program. these students, seven months away from full-time work in the accounting world, were treated to an insider’s view of a successful career path. they unanimously found the conversation to be meaningful and insightful.
the Fritzky guest brought to campus a few days later was henry keizer, VP of kPMG. he spoke to students and faculty
about the changes in the accounting profession and the role of an auditor in today’s business environment. keizer told students to always look beyond what facts clients give them, evaluating how those things relate to other information in the environment. even with current regulatory pressure, there will be business failures among the successes, so maintaining pro-fessional integrity is critical. “Guard your integrity with your life,” he said.
the biggest change he has seen during his 34 years is the advent of post-enron regulations and the Public company Accounting oversight Board. he indicated that, as with all change, opportunity emerges. the role of an auditor transforms as the information demanded by the investing community changes.
the Accounting Department has been enriched with the visit of such compel-ling speakers. students and faculty were extremely grateful to the reynolds for bringing these two visitors to campus.
Fritzky Chair Guest Speakers, Fall 2011
Fritzky Chair in Leadership, 2011-2012stephen and Paula reynolds bring a wealth of business experience and connections to the Foster school. Paula is on several large corporate boards, headed the restructuring of AiG and was the former President and ceo of safeco. stephen is the former President, ceo and chairman of Puget sound energy. currently they head the business advisory group, Prefer West llc.
KPMG vP henry Keizer speaking with faculty Fritzky chair Paula reynolds, Pwc vP tim ryan and accounting Department chair terry shevlin
JAMES “JIM” JIAMBALVO
DeanKirby L. Cramer Chair in Business Administration
PhD, The Ohio State University
Foster: Since 1978
HIGHLIGHTS
Led a capital campaign raising more than $181 million,
resulting in new facilities and doubling faculty
endowments and student scholarships
Notable Contribution to Auditing Literature Award
from the American Accounting Association (2006)
Served as Associate Editor of The Accounting Review,
and on the editorial boards of Contemporary
Accounting Research and the Journal of Management
Accounting Research
Author of Managerial Accounting (Third Edition)
DID YOU KNOW?
Jim plays a mean blues guitar.
foster.washington.edu
JAMES JIAMBALVO
2008-09
THE SKIP
PER
PG.17University of Washington
the 7th ANNUAl FiNANciAl rePortiNG coNFereNce was held May 13, 2011 at the Bell harbor international conference center on the seattle waterfront. the Foster school of Business and the Milgard school of Business jointly organize the confer-ence to provide a forum for the Pacific Northwest business community to interact with standard setters and regulators and hear the opinions of experts on current topics in accounting.
Approximately 300 individuals attended this year’s conference and earned cPe credit for the all-day event.
in the morning, Financial Accounting standards Board (FAsB) member tom linsmeier discussed current topics under FAsB consideration. he discussed pressures to complete convergence and joint projects with iAsB including revenue recognition, leases and treatment of financial instruments. he was followed by a presentation by the securities exchange commission (sec) chief Accountant James kroeker who shared with the attendees the topics currently on the sec’s agenda.
the lunch keynote speaker, Jeffrey s. lyon, chairman and ceo of kidder Matthews, described the status and future outlook for commercial leasing in the Pacific Northwest and how it impacts the regions’ economy.
in the first afternoon session, Foster Accounting Professor Jane kennedy moderated a panel titled “lease Accounting changes-Mountain or Molehill?“ Panel members included Michael Zanoni, corporate controller, Amazon; kevin Murphy, controller, Boeing capital; and Jim howell, VP of Finance & chief Accounting officer, Nordstrom. this topic is timely because a new leasing
standard is on the horizon that would essentially eliminate the concepts of operating and capital leases. companies would be required to capitalize their future lease payments. the proposed new standards may require significant estimates for contingent payments among other things.
the second afternoon session was a lively panel discussion on disclosure overload, “Disclosure: is More Always Better?” the session was motivated by a growing frustration of all financial reporting stakeholders, including investors, that there is too much disclosure and that disclosures have become too complex and not informative. Foster Accounting Professor Zoe-Vonna Palmrose moderated the session with John lacey, Professor and ernst & Young research Fellow, california state University, long Beach; Brandon Pedersen, VP & cFo, Alaska Air Group; and Matt Dmytryszyn, research Analyst, lasalle capital Management. the panelists discussed the growth in required GAAP and MD&A disclosures over the last few decades and provided their insights and perspectives on what’s useful and what’s not.
We would like to thank our keynote sponsor, Microsoft and our Major sponsors, clark Nuber, columbia Bank, DaVita, kPMG, Port of tacoma, Pwc, Propel insurance, resources Global Professionals, and russell investments for their generous support of the 2011 Financial reporting conference.
Seventh Annual Financial Reporting Conference
conference participants amazon corporate controller Michael Zanoni speaking on lease accounting Panel
The 8th annual Financial Reporting Conference is scheduled for Friday, May 11, 2012 in Seattle. Mark your calendars. Please check our website for further information as the date approaches: foster.washington.edu/accounting
accounting Department chair terry shevlin, sec chief accountant James Kroeker and Professor Zoe-vonna Palmrose
Fritzky chair Paula reynolds, Pwc vP tim ryan and accounting Department chair terry shevlin
PG.18 Michael G. Foster school of Business
than
k yo
u!
FY11 donorS organIzaTIonS $1,000 - $1,999Deloitte services
Delta chapter Beta Alpha Psi
Glaser Foundation, inc.
rigos Prof. education Programs ltd.
state of Washington
sweeney conrad, Ps
United Way of king county
Vanguard charitable endowment Prog.
$500 - $999Attachmate corporation
Ge Foundation
$100 - $499Flow international corporation
Frank J. kuntz, cPA, Ps
Bill & Melinda Gates Foundation
Porter & company, Ps
roman l. Weil Associates
saltchuk resources, inc.
shell oil company Foundation
the Attorney-cPA tax clinic
Union Pacific corporation
oTher gIFTSMellon Bank corporation
FY11 donorS IndIvIdualS $1,000 - $1,999richard Askew
Gregg (‘76) and Jane Blodgett
craig (‘00, ‘01) Brimmer and ellen (‘01) sims
craig (‘80) and susan (‘81) Bruya
Andrew (‘94) cates
Daniel cheyney
Michael (‘96, ‘97) chinn
Aaron (‘96) Faulk
William (‘66) and helen (‘00) Fowler
Dan Gaffney
rob Grannum
Michele (‘83) and trevor (‘83) harris
Max (‘07) hewitt
leon (‘50) and ruby (‘50) holman
renuka kathpal
Beverly (‘73) and charles (‘74) keeslar
taft kortus
Jane (‘78) and Peter lamb
David (‘77) and Dana lewis
kurt lippman
James (‘95) Madias
stephen (‘77) and Ann (‘79) Marsh
Dawn (‘98) and John Matsumoto
Jeffrey (‘73, ‘76) and ethel (‘74) Maxwell
thomas (‘61, ‘71) and Brenda (‘61) Melang
rodney (‘70, ‘72) and Nancy Pierson
Mark reis
James (‘65) and Doreen rigos
John (‘48, ‘08) and ruth sato
kenneth (‘81,’84, ‘86) and suzanne (‘82) schiffler
terry and susan shevlin
isabella (‘80) and louis (‘79) snyder
cathy sorensen
Mary (‘95, ‘96) tang
sid tobiason
randy and Aleta Wells
Bart (‘73) and cynthia (‘73) Wilson
lorin (‘40) Wilson
$500 - $999Jeffrey (‘81) and Mabel Bialik
robert (‘85) and elizabeth Block
Frederick (‘72) choi
Janice (‘68) and Dennis (‘68) conrad
Donald corbett
luke (‘97) Fewel
Mark Fitzpatrick
David Follett
rodney (‘84) Fujita
Brian (‘83), (‘94) and Maureen Guenther
Michael hall
Frank and Abigail hodge
karen (‘84) ikeda
Amy (‘93) Jackson
Joann (‘05) Jen
linda kress
lixin (‘07) lin and Weili Ge
h. (‘78) lowber
Martin (‘67, ‘70) and Andrea (‘70) lybecker
Andrea Monroe
Jeffrey (‘04, ‘05) Mustonen
Brandon (‘01) and serena Nett
Dianne Nicholson
richard (‘69, ‘70) and Dorothy Pacholski
Bruce (‘85) and cynthia Parks
John (‘77) and Dorcy seethoff
kurt (‘96) and kylee (‘97) shintaffer
Mark and lois soliman
Joan (‘86) and scott st. Marie
Allan steinman and Diane sigel-steinman
David (‘78) and Joy stiefel
Peter (‘86) stirling
chris (‘80) and colleen strand
Jeffrey (‘85) stuart
Norman (‘76) and M. swick
lloyd tanlu
terry (‘78) and Virginia tranter
edward (‘87) Vanderwel
Walter (‘73) and kelly (‘74, ‘77) Wallace
Jeffrey (‘00, ‘01) and Jodie Wise
thomas and Purita Yamakawa
2010-11 Accounting Department ContributionslisteD oN the FolloWiNG PAGes are those individuals, corporations, and foundations whose gifts were received by the Accounting Department in Fiscal Year 2011 (July 1, 2010 through June 30, 2011). We sincerely apologize for misspell-ings or inadvertently omitting any listing, and we appreciate the opportunity to correct our records. Please contact us at 206.543.4368 to advise us of any errors.
FY11 donorS organIzaTIonS $25,000 or MoreMoss Adams
Pricewaterhousecoopers
$10,000 - $24,999chevron corporation
ishiyama Foundation
kPMG
Microsoft corporation
$5,000 - $9,999clark Nuber, Ps
Deloitte & touche Foundation
Fidelity investments charitable Gift Fund
resources Global Professionals
$2,000 - $4,999Accenture Foundation
Amgen
Amgen Foundation, inc.
Bader Martin, Ps
the Boeing company
ernst & Young
Grant thornton Foundation
Mirikitani Foundation
the Ash Family Foundation
the h & r Block Foundation
schwab Fund for charitable Giving
the seattle Foundation
FY11 donorS IndIvIdualS $10,000 - $24,999Aurora (‘93) and Brian (‘94,
‘04) Nugent
Gary and elizabeth sundem
$5,000 - $9,999robert and clodagh Ash
Donald (‘58) De Mers
richard (‘74) and Jeannie Greaves
Gary (‘75) and Marcia (‘77) Grimstad
Anne (‘85) McGonigle and Gregory Witter
laurie (‘75) and John (‘76) tangney
David (‘82) and Michelle Yonce
$2,000 - $4,999Marybeth (‘59, ‘72) Austin
christie and Bryan Bakker
robert (‘82) and kelly Best
kristianne (‘75) and John Blake
robert Bowen and Jane kennedy
David (‘76, ‘83) and leslie Brown
Jeffrey (‘95) Brown
Gerald (‘64) and susan christensen
lenore and shane Drollinger
Dorothy eggan
hugh (‘56) eggan
elaine ervin
Alexis Fowler
Darin Goehner
Gerald (‘47) Gorans
Glenn (‘78, ‘80) and renee Graham
Mark (‘81) hall and Patricia (‘80, ‘99) Angell
louise hanson
leigh (‘80) and James (‘80) hill
christopher (‘92, ‘93) hugo and Julie (‘92, ‘93) Blum
cathleen (‘79) and kevin hylton
carleen (‘90, ‘98) Janson snyder
Judith (‘63, ‘66) and Wilbur (‘62, ‘68) Jurden
kelly keller and troy tidwell
Douglas (‘68) and Willeen (‘68) klan
Matt and shirley kosmicki
Glenn (‘49) light
ronald (‘57) and shirley luhman
Anthony (‘76) and Janice Maki
clifford Mirikitani
Gerhard and coralie Mueller
kevin (‘78 ‘97) Murphy and karen Freeman
eric (‘88) Nicholson
charles (‘61) and Gayle Pancerzewski
Diana (‘96) Peterson and Joseph (‘89,’92, ‘97) limacher
ronald (‘77) and Jacquelyn rauch
Gary (‘89) rigsby
lori (‘82) and Michael russell
tom (‘94) sanger
David (‘90) schilling
laurel (‘80) and Peter (‘84) shimer
Walter (‘70) and Andrea (‘72, ‘09) smith
trevor (‘89) and Martsi (‘90) stuart
Bradley (‘97) and Danielle tilden
laurie (‘82) and Mickey tish
tamara (‘90, ‘91) and Glenn Wattum
robert (‘58) and Judith Wilson
PG.19University of Washington
$100 - $499Maryanne (‘81) and Monti (‘81) Ackerman
Walter (‘71) Alexander
leonard (‘74) and Penny Almo
russell (‘63) and Jean Amick
erick (‘05, ‘06) Anderson
Mark (‘84) Anderson and Deborah smith
Brandon (‘08) Ardillo
Jonathan (‘92) and Dana Avedovech
louis (‘50) and leah Baroh
Brad Berg
David (‘82) Bergsvik
Jonathan (‘01, ‘08) and Denette (‘01, ‘02) Blustein
elizabeth (‘04, ‘06) Bolla
richard (‘50, ‘58, ‘63) Bradish
Jared (‘04, ‘05) Brigham
June (‘56, ‘83) Bright
Justin (‘01) and Marni (‘05) Broom
lynne (‘80, ‘82) Brown
Grace (‘02) Bunnya
William (‘67, ‘72) and Margaret Burg
Jeremy (‘00) Burroughs
ralph (‘57) Byron
katherine (‘96) campbell and Duane (‘98) helleloid
James (‘69) and lynn (‘71) carlsen
Mary (‘76, ‘09) carlson
carrie (‘86) and robert casanas
kathleen (‘95) clark Gatton
Daniel (‘91) and christan connors
Annette (‘78) and Gregory (‘78) cox
Joseph (‘07), (‘08) DeVleming
Mary (‘87) Dickinson
Fawzi (‘64, ‘68) Dimian
Julie (‘05, ‘06) Do
Phil (‘83) and Deb Dormaier
James Dubeck
larry (‘79, ‘89, ‘94) and Patricia Ducharme
steven (‘68) and sylvia (‘70) engel
Mark (‘78) and sally (‘81, ‘85) esser
Jeff Fay
thomas (‘74) and lisa Ferguson
kurt (‘83) and Jill (‘87) Frost
Betti (‘77) Fujikado
Glen (‘85) and kathleen Furuta
Jennifer (‘90) Galbreath
carolyn (‘90) and saul (‘91) Gates
Dean (‘88) and kelley (‘88) Gaylor
John (‘82) and hildagard Gess
Diane (‘89) and stephen Getsiv
stephen (‘97) Gillin
steven (‘87, ‘94) and tina Glover
Bonnie (‘69) Godfred
Preston (‘03, ‘04) Graham
harumi (‘79) and Douglas Guiberson
steven (‘81, ‘91, ‘92) and Amy Gustafson
Joseph (‘99, ‘00) haberzetle and katherine Gardner
kirstin (‘93) and kurt (‘88) havnaer
Wayne (‘74) hays
loyd heath
erica heinrich
Joanne (‘73) and Gerald herber
Arlen (‘82) horst and katherine (‘89, ‘06) Macdonald
lisa (‘97) horwich and Joseph Paperman
hunter (‘07) hughes
Matthew (‘04, ‘06) and lori hurl
Ward (‘93, ‘94) and B. Jones
Andrew (‘72, ‘76) Judd and Ann (‘99) crusius
Dan (‘72, ‘73) and Janice kawamoto
David (‘77) keefe
richard (‘02) kemmling
Allison (‘09, ‘11) and eric koester
keith (‘82) and Diane komoto
Frank (‘85) kuntz
theresa (‘84) and Aaron lafrombois
Frank (‘50) and Verlee larner
lai (‘80) lee and edgardo Gariando
richard (‘59) and hanna leMaster
ho (‘97) leung and kit so
ka (‘97, ‘98) leung
ross (‘00) linderman
Denise (‘86) and hung (‘86, ‘98) Mach
satoshi (‘90) Matsui
roAnne (‘86) Matsuura
Bruce (‘84) and D’Anne McFarlane
Gary (‘68, ‘78) McNeil
Deborah (‘78) Medlar and Quentin hoth
Gary (‘80) Meek
Frank (‘66) and Mary (‘65) Montgomery
Nadine (‘73) Morgan
Jeffrey (‘06, ‘08) Neste
karla (‘94) North
Nicolas (‘00) and April (‘00) Pacholski
Mustafa (‘91, ‘93) Patwa
Brandon (‘88) and Janet (‘88) Pedersen
Judith (‘76) Peterick
Gregory (‘73) and Zandra Peters
Jeffrey (‘01, ‘02) and elysa (‘03) Piha
William (‘68) and carla Porter
susan Queary
Brian (‘88) and lori reeder
Margaret (‘75) rieder
lawrence (‘59) ross
Diane (‘73, ‘75) rubin
carlen (‘00) ruelos
Andrea (‘07, ‘08) ruud
shahbaz (‘89) and shahla saudagaran
James (‘76) schneidmiller and Gina (‘80) Vangelos
George (‘68) scott
William (‘65) and linda scott
heather (‘95, ‘96) secrest
Wendy (‘88) and stephan sefcik
Michael senf
Alane (‘87) senyohl
Alena (‘04, ‘05) shafer
George (‘69) and susan shanafelt
Grant (‘10) shaver
D. shores
karen (‘79) smarr
Amy (‘02, ‘03) steele
Bradley (‘81) stern
John (‘82) and Monica (‘82) suryan
Norman (‘57) and Phyllis swenson
ruby and lance tatsuno
Wayne (‘57) tavis
Michael (‘88) and Gayle teramoto
Douglas thorn
Jacob thornock
Norma (‘83) tollman
Jeffrey (‘80) totusek
James (‘82) Wahlen
richard (‘78, ‘81, ‘83) and catherine (‘81) Wakefield
robert (‘62) and Betty Wales
chris Warner
William (‘89) and Jeanne Wells
Fred (‘73) and cristel (‘77) Wemer
Paula (‘78), (‘89) Wilson and Paul Baron
ryan (‘07) and Nicole Wilson
seena (‘05, ‘08) Wise
Ashley (‘09, ‘10) Woller
David (‘93) Wong
Deanna (‘88) Wong
Gerald (‘72) Wong
caprice (‘84) Wummer
kate (‘94) and Ming (‘96) Yan
camille (‘76) Yuan-soo hoo and thomas hoo
christopher (‘04) Zibert
oTher gIFTSshonoy (‘09) Agrawaal
Peggy (‘75) Andersen
Jessica (‘03, ‘04) Andrews
Andrew (‘00, ‘01) Baker
lisa (‘85) and kenneth (‘85, ‘88) Baronsky
Frank (‘79) and rosanna (‘81) Bellotti
Gary (‘92) and suzanne (‘92) Bergstrom
steve (‘80) and kathleen Bernhoft
Merrill (‘84) Biesada
ervin (‘95) Black
stephen (‘94) Boerstler
Paul (‘78) Brandon
shannon (‘05) Bray
loren (‘78) Burt
emily (‘07) chadwick
keqiang (‘09, ‘10) chen
teng-teng (‘07) cheong
Natalie (‘11) cholaj
Gerald (‘71, ‘74) chrobuck
thomas (‘93) colombo
Joseph (‘89) cooper
Warren (‘75) couture
carl (‘96) cox
Pamela (‘92) and roland cunningham
Paige (‘03) Dashiell
Pride (‘77) Davies
George (‘50) and Betty DeBon
roy (‘81) and Peggy Dillon
Michael (‘94) english
Jessica (‘04) erickson
John (‘89) Ferry and Mou Mallick-Ferry
randy (‘94) Fong
theodore (‘59, ‘61, ‘64) and helen (‘83) Fosberg
Marc (‘00, ‘01) Fung
Jared (‘05) Furutani
Jim (‘55) and elizabeth Galimanis
sarah (‘03, ‘04) Gangar
kevin (‘80) and cynthia (‘94) Garrison
Meri (‘85) Gilbert
Matthew (‘07, ‘11) Goodwin
Georgeta (‘06, ‘07) Gruescu
Jeffery (‘76) Guddat
clifford (‘80) and Janet hall
lee (‘79) hall
Glen (‘73) halverson
sydnie (‘03), (‘04) heberling
Virginia (‘55) hennes
christy (‘00, ‘01) horgan
Marissa (‘07, ‘08) ikuta
kristen (‘86) and William Jacobs
Barbara (‘87) Johnson
ransom (‘79) and Janalu Johnson
rebecca (‘88) and Bruce (‘88) Jones
Douglas (‘68) and Barbara kanaya
Donald (‘54) kane
Valerie (‘82) kendall
Allison (‘98) kollack
Vildana (‘08, ‘09) kunduklija
Anthony (‘74) and cecilia kwan
lisa (‘07) kwok
karissa (‘99) lackey
James (‘69) and Barbara (‘66, ‘80) larson
tracy lawson
Diane (‘07) lin
Michael liranzo
Jennifer (‘08) livesay
Anne (‘04) lund
Anthony (‘07, ‘08) Mai
timothy (‘85) and Julie (‘86) Mccann
colin (‘06, ‘07) Mckendry
Amir (‘87) and Deborah (‘87) Medawar
christina (‘95) Merritt
Darany (‘72) Mingmaninakin and Paul Palotas
liting (‘02, ‘03) Mitchell
Peter (‘69, ‘71) and Jo Moerbeek
James Monroe
Jeffrey and kari Mueller
connie (‘77) Munekiyo and Neal cohen
Jon (‘87) and corinna Munson
Nicholas (‘08) Nageli
Bruce (‘75, ‘76, ‘77) and Bea (‘74) Nahon
Barbara (‘80) Nason
cindy (‘85) Nelson
scott (‘07, ‘08) Neste
eliza (‘11) Nesvog
Mark (‘97) okinaka
Jill (‘95) orth
Aymeric (‘11) Prieur
carol-Jean (‘85) Puvogel
Jonathan (‘11) Qu
carolyn read
stephen (‘92) reddaway
Margo (‘87) reich
Amanda (‘06, ‘07) rich
edward (‘58) and carole rich
Gail (‘76, ‘86) round
kevin (‘98) and reenie rowe
stephen (‘75) and kim sakai
Jana (‘97) and trevor (‘97) schneider
Maximilian (‘05, ‘06) schroedl
Gary (‘78) schulze
Allyn (‘87, ‘93) and christine (‘87) seymour
Francine and kent shafer
erin (‘99) shen
christopher (‘67, ‘78) and karen sherfey
Diane (‘95) shey
sara (‘92, ‘97) stayte and David rosenberg
kendall (‘87) and carrie (‘90) stever
hiroshi (‘52) suzuki
Amy (‘97) thielman
kimberly (‘91) and Michael (‘93) thomson
Michael (‘09) Upton
Deborah (‘81) Ward
roman Weil
kristina (‘89, ‘95) Wetzel and Daren salstrom
cindy (‘84) Weyers
Bradley (‘08, ‘09) Williams
James (‘88) Wong
rae Woods
ProFessorsrobert Bowen
David Burgstahler
roland “Pete” Dukes
loyd heath (eMeritUs)
James Jiambalvo (DeAN)
Jane Jollineau
Gerhard Mueller (eMeritUs)
eric noreen (eMeritUs)
Zoe-vonna Palmrose
Kavasseri ramanathan (eMeritUs)
stephan sefcik (AssociAte DeAN)
terry shevlin*
Gary sundem (eMeritUs)
* Department chair
DePArtMeNt oF AccoUNtiNGBoX 353226seAttle, WA 98195
NoN-ProFit orG.
U.s. PostAGe
P A I D
seAttle, WA
PerMit No. 62
assoCiate ProFessorsWeili Ge
Frank hodge
Dawn Matsumoto
D. shores
Mark soliman
assistant ProFessorslloyd tanlu
Jacob thornock
senior leCtUrersJames Gillick
Deborah Medlar
William resler
steven rice
William Wells
leCtUrershelen adams
Patricia angell
larry Ducharme
Joe Paperman
Jane reich
elizabeth Widdison
staFFJoann Kocha
Francine shafer
cynthia silvernale
Department of Accounting
Foster school oF Business at the university oF WashinGton
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