Mission & Philosophy of the Department of Accounting
The mission of Department of Accounting is to create, debate and disseminate knowledge about the measurement and communication of financial and non-financial information that will inform our students, alumni, managers and capital market participants and facilitate rational financial, economic and policy decisions.
Stern's Department of Accounting offers a wide range of courses and programs for students interested in acquiring the skills that will better enable them to serve the information needs of professional clients and the organizations that employ them.
We offer a Ph.D. degree with an emphasis in accounting as well as an M.B.A. degree with a major or double major in accounting. Students often select a menu of courses stressing financial statement analysis. In the undergraduate college, we offer two accounting majors - one with a C.P.A. emphasis; the other less technical in nature. The latter option is often taken together with finance or information systems as a double major. All students have access to the faculty of departments throughout the Stern School.
Our faculty are committed to the pursuit of excellence in their teaching and research activities. The Department is consistently ranked as one of the top accounting faculties in the United States, and we pride ourselves in the knowledge that more of our accounting graduates have entered the ranks of senior partner of the major accounting firms than any other business school.fa
Vincent C. Ross Professor of Accounting
Professor of Accounting
Professor Baruch Lev
Received an honorary doctorate from the Universiteit Hasselt in Belgium (given once every five years), and was appointed as the Copernicus Chair in Economics from the University of Ferrar in Italy.
Professor Eli Bartov
Voted “Great Professor” by the Executive MBA class of August 2014.
AnnouncementsStern's new MS in Accounting is featured
Excerpt -- "And now a new opportunity is coming, that will prepare college graduates in one year to enter the field at the high levels a CPA certification confers. New York University's Stern School of Business has just announced a new one-year master's degree in accounting, which will satisfy the education requirements to become a CPA in New York and many other states. In recent years, increasing regulations on business have spurred rising demand for CPAs, says Thomas Pugel, Stern's vice-dean of MBA programs."
The Department of Accounting at NYU Stern School of Business is pleased to host the 2014 JLFA, the Journal of Law, Finance, and Accounting Conference (sponsored by KPMG) on Friday, September 19 and Saturday, September 20, 2014. It will offer an engagement on scholarly work in areas of law, finance, and accounting.
NYU School of Law
Furman Hall | 245 Sullivan Street
New York, NY 10012
For more information click here
The Department of Accounting at NYU Stern School of Business is pleased to host the 11th Annual NYU Accounting Summer Camp on Thursday, May 21 and Friday, May 22, 2015. The Summer Camp will feature researchers and faculty members from leading universities.
Henry Kaufman Management Center
44 West 4th Street
New York, NY 10012
For more information click here
Associate Professor of Accounting
Ph.D, Economics, The Hebrew University
Assistant Professor of Accounting
Ph.D., Accounting, University of Chicago Booth School of Business
Assistant Professor of Accounting
Ph.D., Accounting, Carnegie Mellon University
NewsProfessor Eli Bartov's research on Twitter and stock market returns is cited . Read More
Professor Baruch Lev discusses how corporate governance has improved since the collapse of Enron. Read More
Professor Baruch Lev discusses the evolution of financial reporting. Read More
Professor Dan Gode explains the importance of a company's interest coverage ratio. Read More
In a new study forthcoming in the Review of Financial Economics, Professor Michael Jung and co-author Jing Chen of the University at Buffalo School of Management find that, on average, firms are less likely to issue public management forecasts, also known as management guidance, in the quarter subsequent to new investment by activist hedge funds. These results hold even for firms that experienced good quarters and consistently provided guidance in previous quarters. Because guidance has been shown to be beneficial to capital market participants in many ways, reduced guidance has meaningful market implications. The researchers' findings highlight a negative and possible unintended consequence of activist hedge funds' investment in firms and provide some counterbalance to the numerous positive consequences documented in prior literature on hedge fund activism. Read More
Pointing to the changing landscape in the accounting profession, Professor Alex Dontoh highlights Stern's new course offerings in statistical and data analysis. Read More
Professor Michael Jung's co-authored research on the impact of activist hedge fund investors on reported guidance is featured. Read More
Professor Eli Bartov, along with Lucile Faurel of Arizona State University and Partha Rohanram of the University of Toronto, investigates whether analyzing the aggregate opinion in individual tweets about a company's prospects can predict its earnings and the stock price reaction to them. Their dataset contains 998,495 tweets (covering 34,040 firm-quarters from 3,662 distinct firms) by individuals in the nine-trading-day period leading to firms' quarterly earnings announcements between 2009-2012. They find that the aggregate opinion successfully predicts the company's forthcoming quarterly earnings. The authors also document a positive association between the aggregate opinion and the abnormal stock price reaction to the quarterly earnings announcement. Read More
Professor Eli Bartov is interviewed about his research on Twitter and the stock market. Read More
Professor Eli Bartov's research on using Twitter to predict corporate earnings and stock returns is featured. Read more
Featured Research: "Costs and Benefits of Acquiring Information: How Hedge Fund Managers Trade on the Freedom of Information Act". Using the Freedom of Information Act, hedge funds request and receive records from the Food and Drug Administration about new product approvals, factory inspections and complaints. Professor April Klein and her co-author Tao Li of the University of Warwick use these requests to test implications of theories about investors acquiring information for trading purposes. Read More
Professor April Klein on DuPont's proxy fight. Excerpt -- "April Klein, a professor of accounting at New York University's Stern School of Business, said the money spent to keep Peltz off the board will benefit the company in the long run because it forced DuPont to review strategies to increase its stock price. She noted the proxy campaign's $15 million cost is only a small percentage of DuPont's $66.7 billion capitalization." Read More
Professor Baruch Lev's "Knowledge Effect" research is highlighted. The Knowledge Effect was originally discovered by academic researchers, spearheaded by Baruch Lev, who studied 20 years of financial data and discovered an important association between a firm's level of knowledge capital and its subsequent stock returns. Read More
Professor April Klein on Cathy Engelbert's appointment as CEO of Deloitte US. Read More
Professor Michael Jung and his co-authors examine the determinants and outcomes of CEOs accepting a $1 salary, a compensation practice that occurs relatively frequently in high-profile firms and is debated by regulators, investors and the media. Read More
Professor Joshua Ronen and his co-author examine why consumers seek financing through credit cards, and they evaluate the consumer impact of the 2009 Credit CARD Act's constraints on increasing interest rates. Read More
Professor Michael Jung and his co-authors, Franco Wong of INSEAD and Frank Zhang of Yale, develop an early indicator of future changes in firm fundamentals, capital market activities and stock returns. Read More
Professor Joshua Ronen explains why internal auditors should assess a company's corporate governance and corporate culture. Read More
Professor Ilan Guttman and his co-authors examine a dynamic model of voluntary disclosure of multiple pieces of private information. Read More
Professor Yiwei Dou and his co-authors, examine blockholder's influence on a company's financial reporting. Read More
Professor April Klein on companies that shrink their cash holdings. Read More
Professor Stephen Ryan was recently nominated to the Federal Reserve Bank of New York's Financial Advisory Roundtable. Read More
NYU Stern's Ross Roundtable on trends in financial enforcement and securities litigation. Read more