Barbara A. Lougee Associate Professor of Accountancy Curriculum Vitae, August 2014 School of Business Administration University of San Diego 5998 Alcala Park 92110-2492 Phone: 619.260.7892 / Email: blougee@sandiego.edu EDUCATION: Cornell University, Johnson Graduate School of Management Ph.D., Accounting, 1999; Minor areas: Statistics, Microeconomics M.S., Management, 1996 M.B.A., Finance, 1992 University of California, San Diego, Scripps Institution of Oceanography Doctoral student in marine geology, 1984-1987 Colgate University B.A., Geology, 1983 Ithaca, NY Hamilton, NY PROFESSIONAL EXPERIENCE: University of San Diego, School of Business Administration Associate Professor of Accountancy, 2013 - present Assistant Professor of Accountancy, 2007-2013 Morgan Stanley New York, NY Vice President, ModelWare Business Unit, Institutional Securities Division, 2005-2007 ModelWare is a proprietary framework for valuation and analysis, which: provides historical data and forecast data from Morgan Stanley Research analysts; generates standardized, globally comparable measures; removes distortions introduced by accounting standards and accounting choices; and uses meaningful classifications of operating and financing items for ROE disaggregation and valuation. Roles: Subject Matter Expert and Taxonomy Content Team Leader Provided expertise in financial reporting and analysis. Maintained intellectual integrity of and expanded content of ModelWare taxonomy, e.g., accounting adjustments and calculations. Managed Taxonomy Content Team. Developed and delivered training to Research analysts and ModelWare team. Mapped ModelWare taxonomy to XBRL, Reuters and Compustat taxonomies. University of California, Irvine, Paul Merage School of Business Assistant Professor, Accounting, 1999 2005 Irvine, CA Cornell University Ithaca, NY Visiting Assistant Professor, Johnson Graduate School of Management, January 1999 June 1999 Lecturer, School of Operations Research and Industrial Engineering, August 1998 December 1998 Science Applications International Corporation (SAIC) Staff Scientist (analyst/programmer), Operations Research Division, National Security Studies and Systems Group, 1988 1990: Performed strategic target analysis; briefed Department of Defense (DoD) clients; held top secret security clearance.
RESEARCH: Research Interests Financial reporting: non-gaap performance measures, measuring cash flows, earnings management and fraud, emerging issues (e.g., implications of XBRL adoption for capital markets) Employee benefit plans: relations between benefit plans, corporate governance and firm performance Publications WaMu s Option-ARM Strategy with Robert M. Bowen and Jane Jollineau, forthcoming (accepted for publication in January 2014), in Issues in Accounting Education. The Appraiser s Role in Calculating Casualty Loss Deductions Resulting from Natural Disasters with James K. Smith, forthcoming in The Appraisal Journal, Winter 2014. Cash Balance Pension Plan Conversions: An Analysis of Motivations and Pension Costs with Julia D Souza and John Jacob (posthumous), Journal of Applied Business Research, 29:2, March/April 2013. Previous versions of this paper were titled Why Do Firms Convert to Cash Balance Pension Plans? An Empirical Investigation. The Relation between Earnings Management and Financial Statement Fraud with Johan Perols, Advances in Accounting, 27:1, June 2011. Previous versions of this paper were titled Prior Earnings Management, Forecast Attainment, Unexpected Revenue per Employee and Fraud. Identify Yellow Flags Through Forensic Accounting with J. J. Valentine, Chapter 14 (pp. 195-216) in Best Practices for Equity Research Analysts by J.J. Valentine. McGraw Hill: USA, 2011. The Corporate Social Responsibility Trend with Jim Wallace, Journal of Applied Corporate Finance, 20:1, 2008. Previous versions of this paper were titled, What the Data Reveal About the Corporate Social Responsibility (CSR) Trend. Measuring Free Cash Flows for Valuation: Pitfalls and Possible Solutions with Juliet Estridge, Journal of Applied Corporate Finance, 19:2, 2007. EVA implementation, market over-reaction, and the theory of low-hanging fruit with Jim Wallace and Ashok Natarajan, in Financial Strategy, 2 nd Edition, J. Rutterford (editor), Wiley: USA, 2006. Earnings informativeness and strategic disclosure: An empirical examination of pro forma net income with Carol Marquardt, The Accounting Review 79:3, 2004. Research in Progress New and Ongoing Projects: Cash Balance Pension Plan Conversions: Recent Trends with Julia D Souza. Non-GAAP Performance Measures at Financial Institutions Presentations (at refereed conferences): Association Between Extensions in XBRL Filings and Firm Characteristics: Evidence on Trends and Use co-authored with Christine Tan and Johan Perols. Preliminary findings (using small subset of data) presented at the 23 rd XBRL International Conference in Montreal, Canada, October 2011. Prior Earnings Management, Forecast Attainment, Unexpected Revenue per Employee and Fraud with Johan Perols. Presented at: American Accounting Association, Western Region Meeting, April 2009. What the Data Reveal About the Corporate Social Responsibility (CSR) Trend with Jim Wallace. Presented at: American Accounting Association, Western Region Meeting, May 2008.
Why do firms convert to cash balance pension plans? An empirical investigation with Julia D Souza and John Jacob. Presented at: American Accounting Association, Annual Meeting, August 2003. Earnings quality and strategic disclosure: An empirical examination of pro forma net income with Carol Marquardt. Presented at: - American Accounting Association, Annual Meeting, August 2002-13 th Annual Financial Economics and Accounting Conference, November 2002 Other Presentations: Why do firms convert to cash balance pension plans? with Julia D Souza and John Jacob. Presented at: - Santa Clara University, January 2007 - University of San Diego, January 2007 - San Diego State University, December 2006 - Chapman University, December 2006 Employee stock ownership plans: performance enhancers or corporate control devices? Presented at: - Southern California Accounting Research Forum, October 1999 - Boston College, February 1999 - Boston University, February 1999 - George Washington University, February 1999 - University of California at Irvine, February 1999 - University of Southern California, February 1999 - Cal State San Marcos, December 1998 - Syracuse University, December 1998 - SUNY Binghamton, November 1998 - Cornell University, November 1998 TEACHING: Courses Taught at University of San Diego: Financial Statement Analysis: elective in M.B.A. and Masters in Accounting programs. Financial Accounting and Statement Analysis: core course in evening and fulltime M.B.A. programs. Finance and Accounting for Organizational Leadership: core course in Masters in Executive Leadership program. Management Accounting: core course in evening and fulltime M.B.A. programs. Courses Taught at University of California, Irvine: Teaching evaluations (overall effectiveness of instructor) on a 7 point scale: Financial Statement Analysis: 6.74, 6.62, 6.75, 6.65, 6.34, 6.54; elective in fulltime, fully employed (part time) and healthcare (executive) M.B.A. programs. Financial Reporting Standards I; elective in fulltime M.B.A. program. Financial Reporting Standards II; elective in fulltime M.B.A. program. Financial Accounting for Management: 6.41, 6.33; core course in fulltime and fully employed (parttime) M.B.A. programs and in undergraduate management minor. Courses Taught at Cornell University: Accounting for Mergers and Acquisitions: elective in fulltime M.B.A program. Introduction to Financial Accounting: elective for graduate and undergraduate students. Introduction to Financial and Managerial Accounting: core undergraduate course for Operations Research & Industrial Engineering majors (in School of Engineering).
Executive Education Ingram Micro Leadership Academy/UC Irvine The Paul Merage School of Business, January 2010; cotaught Shareholder Value and Financial Controls with Ingram Micro s Chief Financial Officer and Controller. SERVICE: Faculty Development Committee, co-chair, School of Business Administration (USD) 2013 - present University Senate, Senator (voting member), University of San Diego, 2013 present Student Affairs Faculty Fellows Advisory Council, University of San Diego, 2009 present Discussant and Moderator: American Accounting Association, 2009 Annual Meeting Ad hoc Reviewer: The Accounting Review Advances in Accounting European Financial Management The Financial Review Journal of Accounting and Public Policy International Journal of Managerial Finance American Accounting Association, Annual Meeting American Accounting Association, Financial Accounting and Reporting Section (FARS) Meeting American Accounting Association, Western Region Meeting American Accounting Association, Northeastern Region Meeting Advising Doctoral students (at UCI): Zhu Liu and Feng Tian Ph.D. Dissertation Committee Member - Rod Smith, 2000. Area Coordinator (similar to department chair), Accounting Area (at UCI), 2002 2003; Responsibilities: Teaching schedule: identified instructors and teaching assistants for accounting courses. Doctoral students: allocated financial support to students; coordinated Phase I exam; liaison between doctoral students and Ph.D. Committee. Faculty recruiting: Co-coordinated faculty recruiting efforts. Undergraduate Committee, member (at UCI) 2001-2002, 2003-2004 and 2005; review curriculum in undergraduate management minor and new accounting minor. Recruiting Committee, Accounting Area, member (at UCI), 1999-2000, 2002-2003 and 2003-2004. AWARDS AND FELLOWSHIPS: Teaching Awards: o Outstanding Professor Award, International M.B.A. 2012 Cohort (at USD), May 2014 o SBA Teaching Award, $2500, September 2013 o Professor of Impact Award, Graduating MBA Students (at USD), May 2013 o Graduate Accountancy Professor of the Year Award (at USD), April 2013 o SBA Teaching Award, $2500, September 2012 o Professor of the Year Award, Graduate Student Business Association (at USD), May 2012 o Outstanding Professor Award, International M.B.A. 2010 Cohort (at USD), May 2012 o SBA Teaching Award, $2500, September 2011 o Professor of the Year Award, Graduate Student Business Association (at USD), May 2011 o Professor of the Year Award, Graduate Student Business Association (at USD), May 2009 o Excellence in Teaching Award, Core; Fully Employed M.B.A. program (at UCI), 2005 o Excellence in Teaching Award, Core; Fulltime M.B.A. program (at UCI), 2005 o Excellence in Teaching Award, Elective; Fulltime M.B.A. program (at UCI), 2005 Research Awards: o Best Research Paper Award, American Accounting Association, Western Region Meeting, April 2009, for Prior Earnings Management, Forecast Attainment, Unexpected Revenue per Employee and Fraud
o Best Research Paper Award, American Accounting Association, Western Region Meeting, May 2008, for What the Data Reveal About the Corporate Social Responsibility (CSR) Trend UCI Council on Research, Computing and Library Research 2004 grant winner: $7,500 American Accounting Association New Faculty Consortium Fellow, 2000 Johnson Graduate School of Management Research Fellowship, 1992 1996 Nelson Schaenan Scholar, 1991 Scripps Industrial Associates Scholarship, 1984 PROFESSIONAL AFFILIATIONS: American Accounting Association XBRL US Financial Executives International (FEI) CONSULTING: Financial Accounting Standards Board (FASB) Norwalk, CT Consultant, XBRL project, Summer 2011 and Summer 2012 Roles: Best Practice Team member; ASU Team member; Senior Reviewer Provided financial reporting expertise for updating the US GAAP financial reporting taxonomy for release in 2011 & 2012; reviewed extensions used in 2010 & 2011, recommended revisions to taxonomy; conducted comprehensive review of statement of cash flows; reviewed taxonomy updates required by Accounting Standards Updates; reviewed taxonomy changes recommended by other team members; used SpiderMonkey for taxonomy creation; liaised with SEC and XBRL US. XBRL US, Inc. Washington, DC Subject Matter Expert, in Accounting, 2009 and March 2007 April 2008 Provide financial reporting expertise for creation and revision of US GAAP taxonomy for initial release in 2008. XBRL US is a nonprofit organization that was under contract with the SEC to create the US GAAP taxonomy. The taxonomy enables firms to file their financial results with the SEC using interactive data (a.k.a., XBRL or extensible Business Reporting Language). Morgan Stanley New York, NY Consultant, ModelWare Business Unit, Institutional Securities Division, April June 2005 Description of work provided in Professional Experience. MEDIA MENTIONS: Quoted or cited in the following articles: D. Pett, August 2, 2012. Cash doesn t lie as a metric, analyst says in The National Post. E. Schultz and T. Francis, August 15, 2006. What You Need to Know About Pension Changes in The Wall Street Journal, p. D1. Authors cited results from Why do firms convert to cash balance pension plans? An empirical investigation (working paper, coauthored with Julia D Souza and John Jacob). J. Kelleher, March 27, 2005. All Bark, No Bite. in The Orange County Register. D. Beyer, July 13, 2004. Do the Right Thing. Courses Provide Insight into Business Ethics in The Los Angeles Times. J. O Dell, June 8, 2004. Recruiter Reveals Probe by the SEC in The Los Angeles Times, p.c1. J. Kim, March 2003. Go with the (free cash) flow in Boeing Frontiers. S. Brin, September 19, 2002. CFOs Under Pressure in OC Metro. J. Flanigan, July 10, 2002. Others Bolder Than President About Reform in The Los Angeles Times. R. Byrne, July 10, 2002. Quality is Key This Earnings Season in TheStreet.com. A. Stone, July 3, 2002. How Everyone Missed WorldCom in Business Week Online. S. Romero and F. Norris, July 2, 2002. New Disclosures From WorldCom May Add to Accounting Scandals in The New York Times, p. A1.