CFRM

Center for Financial Reporting & Management

Announcements

Professor Patatoukas named SF Business Times 40 Under 40

The San Francisco Business Times recently published their 2017 list of 40 under 40 business leaders who are making their mark on both the Bay Area and the world. Haas Associate Professor of Accounting, Panos Patatoukas, was among those highlighted. Read more here.

Summer Leadership Programs

Are you a freshman or sophomore looking for something to do this summer? Are you curious about the professional services industry, but not sure where to start? We've compiled a list of opportunities from top firms such as Armanino, BDO, Crowe Hortwath, Deloitte, EY, Grant Thornton, KPMG, Moss Adams, and PwC. Learn more about the opportunities at each firm here.

Big thanks to PwC!

The Center for Financial Reporting and Management (CFRM) would like to thank PricewaterhouseCoopers (PwC) for their generous donation of $20,000 to the Berkeley Charter of Professional Accountancy (BCPA), the new accounting program at Berkeley Haas. This donation will help expand the program and strengthen accounting education at UC Berkeley. Special thanks to Jane Allen, partner at PwC, for enabling this donation and supporting the program.

BCPA Welcome Reception

The Berkeley Charter of Professional Accountancy recently hosted its welcome reception for the 21 students in its program. (Former) Program and Executive Director Jose Plehn-Dujowich commented that "these were some of the brightest students he had ever met" and was "excited to work with them".

Accounting Recognition Dinner - March 17, 2016

On March 17, the Center for Financial Reporting and Management hosted its annual Accounting Recognition Dinner. This year the event took place in the University club inside Memorial Stadium, overlooking the city of Berkeley on one side and the stadium bowl on the other. It was a fitting venue to recognize this group of outstanding achievers.

Berkeley Haas Offers New Summer Accounting Program

Berkeley-Haas and the Center for Financial Reporting & Management (CFRM) are rolling out a new summer accounting program to the public that makes meeting the state Certified Public Accounting exam requirements a little easier. The program is open to UC Berkeley students, staff, alumni, and anyone who is interested in pursuing a career in accounting, finance, or consulting, said (former) program director Jose Plehn-Dujowich, (pictured) who designed the BCPA with other UC Berkeley and Haas accounting professors. April 1, 2016, is the deadline to apply. Read more here.

New Summer Accounting Program, The Berkeley Charter of Professional Accountancy (BCPA)

Getting into accounting courses offered by Haas often proves difficult for students outside the business school. To ameliorate this problem, BCPA will make its accounting classes available to all campus students regardless of major. Read about the BCPA feature in the Daily Cal or in Accounting Today.

The Oscar's Briefcase visits Berkeley-Haas!

Escorted by PwC Partner, Jane Allen, the Oscar's briefcase made it's way to Berkeley-Haas and our very own Executive Director, Jose Plehn-Dujowich and Dean, Rich Lyons got to check it out! This year marks the 82nd year of PwC counting the Oscar ballots. Learn more about the ballot briefcase journey.

Congratulations to Patricia Dechow and Jose Plehn-Dujowich, 2015 AAA Award Winners!

Patricia Dechow received the 2015 Distinguished Contribution to Accounting Literature Award for her work with Ilia D. Dichev entitled, "The Quality of Accruals and Earnings: The Role of Accrual Estimation Errors." Jose Plehn-Dujowich received the 2015 Notable Contributions to Accounting Literature Award for his work with Rajiv D. Banker and Dmitri Byzalov entitled, "Demand Uncertainty and Cost Behavior." Learn more

Panos Patatoukas Named "Top 10 Under 40" Business Professor

Classroom lectures have always provided fertile ground for new areas of research for Prof. Panos Patatoukas, who is inspired by conversations with MBA students. "For me, teaching doesn't feel like a job," says Patatoukas, an assistant professor who joined the Haas Accounting Group in 2010 after graduating from Yale University. "It is my passion and hobby."" For his boundless enthusiasm, research insights, and teaching accomplishments, Patatoukas earned a spot on the recently published Poets & Quants World's Best 40 Under 40 Business School Professors list, as well as the corresponding Top-10 B-Professors list of Fortune Magazine. Learn more

New Study by Haas Accounting Researchers

Patricia Dechow, Alastair Lawrence, and James Ryans provides evidence of increases in insider sales prior to the public disclosure of the Securities and Exchange Commission (SEC) comment letters relating to revenue recognition. Read the article in the New York Times

In Memoriam: Accounting Professor Emeritus George J. Staubus, Known for the "Decision-Usefulness Theory of Accounting"

George A. Staubus, the Michael Chetkovich professor emeritus at UC Berkeley's Haas School of Business, died on March 21, 2014 in Oakland, Calif., from bone marrow failure. He was 87.

Professor Staubus dedicated his life's work not only to the teaching and research of accounting but to continued improvement of the standards and practices of financial reporting. Staubus' colleagues say his work developing the "decision-usefulness theory of accounting" is an important contribution to financial accounting theory in the twentieth century. Read More

Congratulations to Professor Yaniv Konchitchki for being named Top 40 under 40!

Poets & Quants recently named Haas Assistant Accounting Professor Yaniv Konchitchki to its annual World's Top 40 Under 40 list lauding the best young business professors from around the globe. Poets & Quants, a business school news site, publishes the annual award to recognize professors who excel in research and in the classroom. Read More

Congratulations to Professor Yaniv Konchitchki on Multiple Achievements!

Berkeley-Haas Professor Yaniv Konchitchki excels both in research and in teaching. He received this year's Hellman Fellows Fund Research Award for "Showing Capacity for Great Distinction in Research. "This is a competitive and large award, selected across the University and determined by UC Berkeley's Chancellor and a prominent faculty panel. At the same time, MBA students awarded Konchitchki the prestigious Cheit Award for Excellence in Teaching, the highest teaching award bestowed upon professors at Berkeley Haas: http://www.haas.berkeley.edu/faculty/awards.html. Read more

Bloomberg Businessweek Ranks Haas Accounting Program #3

The Haas School placed third in a ranking of the best undergraduate business schools for accounting released by Bloomberg Businessweek on April 22, 2013.

The ranking of 124 undergraduate business programs in the U.S. is based on an online survey of undergraduate business students from the class of 2013. BYU Brigham Young University ranked #1 followed by Notre Dame as #2.

Berkeley-Haas is the only school among the top 10 on the list that does not have a formal accounting program, major, or specific degree. See the rest of the rankings here.

California Society of Certified Public Accountants East Bay Chapter Scholarship Winners 2012-2013

Congratulations to students Roy Hadar, Yevgeniy Pilipovskiy, and Denney Choi, who were awarded California Society of Certified Public Accountants East Bay Chapter scholarships for 2012-13. The merit based scholarships range from $3,000 - $6,000 and are awarded to students with an interest in pursuing accounting careers.

Investor Beware: Stock Analysts' Rounded Forecasts Are More Inaccurate and Upwardly Biased

In an era when a stock can take a beating if earnings fall a penny short of analysts' predictions, what factors influence whether forecasters seek precision to the penny or round off -- and how should their choice affect investors?

Berkeley-Haas Accounting Professor Patricia Dechow found that rounded forecasts are not only significantly more inaccurate than those that strive for penny-precision but also significantly more upwardly biased. The sharpest differences in both respects occur in companies with annual earnings per share of less than $10.