Posts Tagged ‘Ira Solomon’

Hannan honored as inaugural EY Professor

Wednesday, November 19th, 2014

In 2006, Lynn Hannan earned the academic accounting discipline’s highest honor, the Notable Contributions to Accounting Literature Award, in recognition of her trailblazing research in managerial accounting. Now, thanks to the support of one of the world’s largest accounting firms, Hannan hopes to build on that record of scholarly excellence as the inaugural holder of a new professorship.

Lynn Hannan was invested as the Freeman School's first Ernst & Young Professor in Accounting.

Lynn Hannan was invested as the Freeman School’s first Ernst & Young Professor in Accounting.

On Thursday (Nov. 6), Hannan was formally invested as the first Ernst & Young Professor in Accounting at Tulane University. The professorship, which was bestowed upon Hannan in a ceremony at the business school, was made possible through a generous gift from the EY Foundation and the partners and professionals of EY, the world’s third-largest professional services firm and a major supporter of Tulane and the A. B. Freeman School of Business.

“I can’t begin to express how honored I am,” said Hannan, professor of accounting and director of the Master of Accounting program. “To me this honor represents both a recognition of my past contributions and an expression of confidence in my future contributions to the Freeman School, to Tulane University and to the accounting profession. Let me assure you I’ll do my best to meet these expectations.”

“EY is extremely pleased with what the Freeman School is doing in accounting,” added Charles Swanson, former managing partner of EY’s Houston office, who spoke on behalf of the firm at the investiture ceremony. “To expand and grow the accounting program requires multiple elements, not the least of which is a strong accounting faculty. This is just a modest gift that we hope can contribute in that regard, so it is indeed a pleasure and honor to be here today to establish the EY Professorship.”

Funding for the professorship is part of a larger commitment to accounting education on the part of EY. Last year, firm partners and professionals together with the EY Foundation pledged $300,000 to the Freeman School to establish a fund to underwrite a number of initiatives. In addition to the professorship, the Ernst & Young Accounting Excellence Fund has also provided support for a redesign of the accounting curriculum as well as school-wide strategic planning efforts.

Hannan receives a plague recognizing her investiture from Tulane Provost Michael Bernstein, left, and Freeman School Dean Ira Solomon.

Tulane Provost Michael Bernstein, left, and Freeman School Dean Ira Solomon, right, joined friends and colleagues in honoring Hannan’s appointment as EY Professor in Accounting.

Hannan brings to the EY Professorship over a decade of outstanding teaching, research and service. Her current research draws on theories from economics, psychology and sociology to investigate how information, incentives and environmental factors affect people’s decisions. Her ultimate goal, Hannan said, is to help managers design better accounting control systems.

“I am more passionate than ever about my research,” she added. “Creating and disseminating knowledge, that’s what brings me joy.”

“Lynn is one of the discipline’s leading scholars and educators, so it gives us great pleasure to be able to recognize her achievements of the past and support her accomplishments of the future,” said Freeman School Dean Ira Solomon. “With the generous support of partners like EY, we’re building an accounting program of which we all can be very proud.”

 


Dean Ira Solomon appointed to AACSB board of directors

Friday, November 7th, 2014
Ira Solomon

Ira Solomon

Ira Solomon, dean of the A. B. Freeman School of Business at Tulane University, has been appointed to a two-year term on the board of directors of AACSB International. The appointment, effectively immediately, will run through 2016.

AACSB International is the longest-serving accrediting body and membership association for business schools worldwide. As an AACSB board member, Solomon joins a prestigious, international body of management education and business professionals whose focus is the vision, values and strategic leadership of the association. Board members are charged with establishing committees, advisory councils and task forces representative of AACSB’s current priorities and initiatives; approving the broadly stated annual budget and reviewing financial reports; and participating in the work of special committees or task forces as assigned.

Solomon has served as dean of the Freeman School since 2011. Prior to his appointment, Solomon was the R.C. Evans Endowed Chair in Business and head of the Department of Accountancy at  the University of Illinois at Urbana-Champaign. A native of Roosevelt, N.Y., he received his PhD in accounting from the University of Texas at Austin and taught at the University of Arizona before joining the Illinois faculty in 1983.


Five faculty members honored with awards

Tuesday, October 7th, 2014

At the September meeting of the Freeman School faculty, Dean Ira Solomon announced the recipients of five awards honoring professors for outstanding teaching, research and service.

The Dean’s Excellence in Teaching Award was established in 2012 to recognize faculty members who are outstanding instructors and whose teaching aligns with the strategic objectives of the school. The award – which is presented at both the graduate and undergraduate levels – is based on several criteria, including student evaluations, the level to which the faculty member integrates academic research into his or her teaching, and the extent to which the course provides high-impact experiential learning opportunities for students.

Parker125This year’s winner of the Dean’s Excellence in Teaching Award for Graduate Education is Geoffrey Parker. Parker, the Norman Mayer Professor of Business and professor of management science, joined the Freeman School in 1998 and was promoted to full professor in 2011. He is co-developer of the economic theory of two-sided networks, and his research explores the economics of and strategy of platform markets. In the classroom, Parker teaches Process Modeling and Technology Integration, Modeling and Analytics, and Platform Strategy, a course based in large part on his own research. He currently serves as research director of the Tulane Energy Institute and is a research fellow at the MIT Center for Digital Business and president of the Industry Studies Association.

HoangKrisThe Dean’s Excellence in Teaching Award for Undergraduate Education was presented to Kris Hoang. An assistant professor of accounting, Hoang joined the Freeman School in 2012 after earning her PhD from the University of Alberta. Her research focuses on judgment and decision-making in corporate governance and audit settings, and her teaching emphasizes the role of accounting information in management decision-making and strategy. The Dean’s Excellence in Teaching Award is Hoang’s third teaching award this year. In the spring, Hoang received both the FSG Teaching Award, presented by the Freeman Student Government Executive Board, and the BSM Howard W. Wissner Award, selected by a vote of the undergraduate student body.

Peter_Ricchiuti_125-2Established in 2012, the Dean’s Excellence in Intellectual Contribution Award was created to honor professors of practice and lecturers who have produced outstanding scholarly contributions. This year’s award went to Peter Ricchiuti. The William B. Burkenroad Jr. Professor of Practice in Finance, Ricchiuti began teaching at the Freeman School in 1986 and has served the school in variety of roles, including assistant dean and director of the Career Management Center. In 1993, he founded Burkenroad Reports, a student equities research program that has earned national accolades and helped place hundreds of students in finance positions. In 2014, Ricchiuti published his first book, Stocks Under Rocks: How To Uncover Overlooked, Profitable Market Opportunities (FT Press), an investing guide based on lessons he’s learned over the years as director of Burkenroad Reports.

Dean Solomon also announced a new award at the meeting. The Dean’s Award for Faculty Excellence was established to honor faculty members for outstanding overall performance. The award, presented each year at the discretion of the dean, recognizes professors who have exhibited sustained, exceptional performance in teaching, research and service. The inaugural recipients of the award are Michael Burke and Sheri Tice.

BurkeMichaelBurke, the Lawrence Martin Chair in Business and professor of management, joined the Freeman School in 1991 and holds an adjunct appointment in the Department of Environmental Health Sciences in Tulane’s School of Public Health and Tropical Medicine. One of the nation’s leading experts on worker safety training, Burke’s research focuses on learning and the efficacy of workplace safety and health interventions as well as the meaning of employee perceptions of work environment characteristics (psychological and organizational climate) and statistical procedures for assessing inter-rater agreement. Burke has chaired 34 dissertation committees and served as a member on an additional 51 committees at the Freeman School, the School of Public Health and Tropical Medicine, and the Department of Psychology. He also recently completed a term as chair of Tulane University’s Social Behavioral Institutional Review Board as is now serving as  Management Area Coordinator at the Freeman School.

Sheri-Tice-_125Tice, the A. B. Freeman Chair of Business and professor of finance, joined the Freeman School in 1998 and was promoted to full professor in 2010. Her research focuses on corporate finance and the effect of firm characteristics on the decisions and performance of firms and their competitors. In the classroom, Tice supervises and teaches the Darwin Fenner Student Managed Fund course, an honors seminar in which students at both the undergraduate and graduate levels read current scholarly research on value investing and manage three portfolios totaling over $3.8 million in Freeman School endowment funds. Tice also serves as faculty director of the Master of Finance program and recently concluded a term as Finance Area Coordinator.

“One of the joys of serving as dean is the ability to recognize excellence in one’s colleagues, and these five faculty members clearly deserve recognition,” said Dean Solomon. “I would be remiss, however, if I failed to note that selecting these individuals was anything but easy because excellence resides broadly within the Freeman School faculty.”

 


New Orleans Magazine: Family Legacies

Thursday, October 2nd, 2014

NewOrleansMagazine 150

Ira Solomon,  dean and Debra and Rick Rees Professor of Business, was interviewed for the October issue of New Orleans Magazine on the challenge of sustaining a family business over multiple generations.

Think it’s easy to keep a family business alive and well? Think again, says Dean Ira Solomon of Tulane’s A. B. Freeman School of Business. Only 40 percent of family-owned businesses in this country make it into the second generation, he says. And it gets more difficult as time goes by; just 13 percent make it into a third generation and a miniscule 3 percent are still family-owned by the fourth generation or beyond.

To read the article in its entirety, visit MyNewOrleans.com:

http://www.myneworleans.com/New-Orleans-Magazine/October-2014/Family-Legacies/


Goldring Institute brings the world to Freeman this summer

Tuesday, August 26th, 2014

As John Trapani listened to the names of graduates at this year’s Freeman School diploma ceremony, a thought struck him: Nearly half of the 700-plus degree recipients were from outside the U.S.

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The Freeman School was recently ranked fifth in the nation for studying business abroad and fifth in the world for international business.

“I leaned over to one of our faculty members and said, ‘What you’re witnessing is the export of educational services,’” laughs Trapani, the Martin F. Schmidt Chair of International Business. “We’re exporting our services to China, Latin America and elsewhere, and that’s a good thing for the United States.”

As executive director of the Goldring Institute of International Business, Trapani has been exporting Freeman School educational programs for 25 years, but in the last several years, Trapani says the number of students enrolled in those programs has reached an all-time high.

“We don’t always get the recognition for it, but we have more than 500 students from around the world pursuing our master’s degrees right now,” Trapani says. “That’s a huge number for a school our size.”

The size and scope of the Freeman School’s international initiatives surprised even Dean Ira Solomon.

“When I was a candidate for the dean’s position, nobody really told me the extent to which the school has such a heritage of global engagement,” Solomon says. “There are other schools around the country that really beat their chests about these things, but we’ve been relatively quiet about it. That’s something I’d like to change, because there aren’t many other schools with the breadth and depth of experience in global business that we have.”

John Trapani has helped make Freeman one of the top schools in the nation for international business.

John Trapani has helped make Freeman one of the top schools in the nation for international business.

Summer is traditionally the time when many students in the Freeman School’s international programs travel to New Orleans to take classes in fulfillment of their campus residency requirements. This summer, the Goldring Institute welcomed more than 150 international students to campus for classes in conjunction with a variety of programs.

Those programs included the CENTRUM-Tulane Global EMBA program, a 48-hour dual degree program for executive students in Lima, Peru; the ICESI-Tulane Global MBA program, a 36-hour dual degree Master of Management program for MBA students in Cali, Colombia; the UFM-Tulane Master of Management program, a 36-hour dual degree master’s program for students in Guatemala City, Guatemala; and the Latin American Faculty Development PhD Program, a business doctoral program for faculty members at leading universities throughout Latin America.

While there was a lot of activity on campus this summer, it was just one small part of the Freeman School’s international summer programs. In addition to the students who visited New Orleans this summer, the Goldring Institute and the Stewart Center for Executive Education sent more than 250 students to Europe, China, Latin America and India for coursework in conjunction with various programs.

In a January Financial Times survey, students ranked the Freeman School fifth in the world for international business, and in July, education and careers website Business Research Guide rated Freeman as the fifth best school in the country for studying business abroad, a ranking based on commitment to excellence in international business education, variety of study abroad options for full and part-time students, and focus on global exchange with educational institutions across the globe.

While those rankings might surprise people who associate international business with high-profile institutions like the Wharton School, Trapani says they don’t surprise him one bit.

“I think what it tells us is our students like what we’re doing and think we really know what we’re doing,” Trapani says. “We may not be the biggest, but if our customers think we’re doing a good job, that’s a very good thing.”

 


Freeman launches new MFIN program in China

Tuesday, July 15th, 2014

The Freeman School has partnered with the Graduate School of the Chinese Academy of Social Sciences, one of the premier academic institutions in China, to establish a new international master’s program for finance professionals.

The Chinese Academy of Social Sciences is one of the leading academic institutions in China.

The Chinese Academy of Social Sciences has been called the top think tank in Asia.

The Tulane-GSCASS Professional Master of Finance program is an 18-month 34-credit post-experience master’s program targeted at individuals in government, banking, finance, insurance and other industries. Unlike the Freeman School’s New Orleans Master of Finance program, a one-year pre-experience program, the Tulane-GSCASS Professional MFIN is aimed at working professionals in Beijing.

“It’s a different market altogether,” says John M. Trapani III, Martin F. Schmidt Chair of International Business and executive director of the Goldring Institute of International Business. “We’re training people who are already in financial market positions, so the curriculum has been tweaked to reflect that.”

The program is taught jointly by faculty from the Freeman School and the Chinese Academy of Social Sciences, a government institution dedicated to research and public policy that Foreign Policy magazine called the top think tank in Asia. Freeman School faculty will travel to Beijing this summer to teach four courses at the Chinese Academy of Social Sciences, and  students in the program will travel to New Orleans in December to take two classes at the Freeman School. The rest of the program will be taught in China by GSCASS faculty. The inaugural class features 27 students, but Trapani says the program will grow to accommodate up to 40 students per cohort.

“We are delighted that, in the future, many likely finance leaders in China will have earned a Tulane degree,” says Ira Solomon, dean of the Freeman School.

In establishing the program, the Freeman School becomes one of just a handful of U.S. business schools to offer degree programs approved by the Chinese Ministry of Education.

“This is a big deal,” says Trapani. “To offer a degree in China from an American university, you have to get Ministry of Education approval. The Chinese Academy of Social Sciences is so powerful and so influential in government, they were able to help us get approval very quickly. Most schools in the U.S. would do almost anything to have a Ministry of Education-approved program. I think this is going to be a great program for the school.”

The Tulane-GSCASS Professional MFIN is the Freeman School’s third international Master of Finance program. In addition to the Tulane-GSCASS  program, Freeman also offers dual-degree international MFIN programs in partnership with Guatemala’s Universidad Francisco Marroquin and Panama’s IESA Panama.

 


CFO Magazine: Nothing If Not Critical

Thursday, July 10th, 2014

cfo

Ira Solomon, dean and Debra and Rick Rees Professor of Business, is quoted in the current issue of CFO Magazine on a proposal to require auditors to disclose “critical audit matters” in their reports. The article explains the Public Company Accounting Oversight Board’s rationale for the plan as well as reasons why many CFOs and audit firms are uncomfortable with it.

What are we signaling to the users of financial statements when the auditor has to say, ‘Well, I reached that conclusion, but boy, it was really tough’?” asks Solomon. “Does it tell you that you ought to be more uncertain about that? What is it that you want me to think about when I consider loaning money to the company or investing in it?

To read the article in its entirety, visit CFO.com:

http://ww2.cfo.com/auditing/2014/07/nothing-critical/

 


Freeman School earns AACSB re-accreditation

Wednesday, May 14th, 2014

The Association to Advance Collegiate Schools of Business (AACSB), the leading accrediting body for university business education, has approved the re-accreditation of all degree programs at Tulane University’s A. B. Freeman School of Business.

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In May, the A. B. Freeman School of Business was informed that it had successfully completed its re-accreditation process.

The re-accreditation culminates a yearlong process in which a team of deans from peer institutions conducted a review of nearly all facets of school operations. In addition to studying data submitted by the school, the re-accreditation team visited the campus in December 2013 to meet with constituents and collect additional information.

“Our last re-accreditation took place in the aftermath of Hurricane Katrina, so it really wasn’t a full and comprehensive AACSB review,” said Ira Solomon, dean of the Freeman School. “In a sense, this is the first rigorous review we’ve undergone in a decade, so it’s very gratifying to learn that our peer review team shares the belief that we’re moving in the right direction and accomplishing the goals we set out to achieve.”

While accredited institutions are required to demonstrate that they meet certain specific standards of excellence, Associate Dean Clifton E. Brown said the process is less about compliance and more about ensuring that schools remain committed to continuous improvement.

“A main focus is whether we have processes in place that will successfully achieve our strategy and goals, particularly our learning and research goals, and whether we have processes that allow us to employ continuous improvement,” said  Brown, who coordinated the re-accreditation process. “So its focus is on improvement, basically.”

In notifying Dean Solomon of its decision to extend accreditation, Robert Sullivan, chair of AACSB’s Board of Directors, commended the Freeman School for six specific strengths and effective practices.

• Development of a strategic plan

• Commitment to experiential learning

• Implementation of the MBA Global Leadership Module

• Ongoing programs with international partner schools

• Extraordinary efforts on the part of faculty and staff in the wake of Hurricane Katrina

• Integration of nodes of excellence and comparative advantages across all programs

The extension of accreditation is for five additional years. The Freeman School’s next Continuous Improvement Review will take place in 2018-2019.

Founded in 1916, AACSB International is the longest-serving global accrediting body for collegiate schools of business. The A. B. Freeman School of Business at Tulane University is one of the 16 founding members of the association. Today, nearly 100 years later, AACSB accreditation has become the internationally recognized hallmark of excellence in business education, with fewer than 5 percent of the world’s business programs earning the prestigious certification.


Harvard prof addresses leadership in changing business environment

Tuesday, March 25th, 2014

Lynn S. Paine, the John G. McLean Professor and senior associate dean for faculty development at Harvard Business School, discussed the changing global environment and what it means for the next generation of business leaders in a special presentation at the A. B. Freeman School of Business on Thursday, March 20. Paine’s talk, “Leadership and the Future of Capitalism: Getting Serious about Sustainability,” was part of the Dean’s Distinguished Speaker Series.

“Lynn’s insights into what business leaders must do to address emerging political and economic challenges was both timely and fascinating,” said Ira Solomon, dean of the Freeman School. “It was truly a pleasure to give our students the chance to interact with a scholar of Lynn’s stature.”

Harvard Professor Lynn Paine, right, spoke to students about leadership as part of the Dean's Lecture Series.

Lynn Paine, right, with Freeman School Dean Ira Solomon, discussed leadership in the current business environment as part of the Dean’s Distinguished Speaker Series.

Paine is a member and former chair of the General Management unit at Harvard and co-founded the school’s required course on Leadership and Corporate Accountability. She currently co-chairs the Senior Executive Program for China. Her research focuses on the leadership and governance of companies that meld high ethical standards with outstanding financial results. Her publications, including more than 200 case studies, have appeared in a variety of books, periodicals and scholarly journals. Paine is most recently co-author of Capitalism at Risk: Rethinking the Role of Business with HBS colleagues Joe Bower and Dutch Leonard.

Paine’s other books include Value Shift: Why Companies Must Merge Social and Financial Imperatives to Achieve Superior Performance (McGraw-Hill 2003) and Leadership, Ethics, and Organizational Integrity (McGraw-Hill 1998). Her most recent articles include A Global Leader’s Guide to Managing Business Conduct (with Rohit Deshpandé and Joshua Margolis), Global Capitalism at Risk: What Are You Doing About It? (with Joe Bower and Dutch Leonard), and The China Rules: A Practical Guide for CEOs Managing Multinational Corporations in the People’s Republic—all published in the Harvard Business Review.

A member of Phi Beta Kappa and a summa cum laude graduate of Smith College, Paine holds a doctorate in moral philosophy from Oxford University and a law degree from the Harvard Law School. Before joining the Harvard faculty in 1990, she taught at Georgetown University Business School and the University of Virginia’s Darden School of Business as well as National Cheng Chi University in Taiwan.

 


CFO.com: PCAOB’s ‘Audit Failure’ Rate Is Highly Suspect

Wednesday, March 5th, 2014

cfo

Ira Solomon, dean and Debra and Rick Rees Professor of Business, recently co-authored an opinion piece for CFO.com criticizing the Public Company Accounting Oversight Board (PCAOB) for misleading statements regarding the quality of public company audits.

Solomon and co-author Mark Peecher, professor of accountancy at the College of Business at the University of Illinois at Urbana-Champaign, take issue with the PCAOB for its use of the term “audit failure” — which has traditionally referred to the joint occurrence of an unqualified audit opinion and materially misleading financial statements — to describe audits in which the auditor simply failed to obtain sufficient appropriate evidence to support its opinion on the financial statements, regardless of the fairness of the financial statements in question. The authors go on to say that PCAOB criticisms of auditors’ evidential bases are themselves open to criticism.

One reason is that PCAOB inspections usually occur after fieldwork, so hindsight bias can surface, especially when inspectors try to assess audit work on management’s estimates, which often are predicated on future economic events. That is, inspectors form retrospective judgments about auditors’ judgments regarding the reasonableness of management’s judgments. The management judgments in question concern things like the reasonableness of complex financial-statement estimates or the sufficiency of internal controls. It is hard to manufacture precision at the end of this judgment chain when it starts with so much ambiguity and uncertainty.

To read the article in its entirety, visit CFO.com:

http://ww2.cfo.com/auditing/2014/02/pcaobs-audit-failure-rate-highly-suspect/

 



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