The Accounting Curriculum

The Accounting curriculum demands interdisciplinary training that prepares individuals to interpret a wide variety of data, design and execute quality research in a specific area, and teach within the accounting discipline. Although broad-based in scope, the Accounting major field area is by nature quantitative. Experience has shown that students with a strong quantitative background enjoy the most success in this area.

From the Accounting Chair


I want to welcome you to the accounting Ph.D. program. One of the distinguishing features of our program is the relatively small number of enrolled students. This is important to us, as it gives faculty the opportunity to work very closely with each student, guiding their research and collaborating with them on jointly authored work. These collaborations have resulted in a number of papers being published in top research journals. Our placement record is strong, with recent graduates moving on to become assistant professors at top research universities, including Yale and Northwestern."

Brett Trueman, Ph.D.
Professor of Accounting

Milestone Publications

Author: Professor Carla Hayn
Title: "The Information Content of Losses"
Published: Journal of Accounting and Economics, September 1995

The recipient of numerous teaching awards, UCLA Anderson’s Professor Carla Hayn published the breakthrough September 1995 paper “The Information Content of Losses.” Her study hypothesized that because shareholders have a liquidation option, losses are not expected to perpetuate. They are thus less informative than profits about the firm's future prospects. The results were found to be consistent with the hypothesis, and appeared in Journal of Accounting and Economics.

Authors: Professor John Hughes, Professor Jing Liu, and Professor Jun Liu
Title: “Information Asymmetry, Diversification, and Cost of Capital”
Published: The Accounting Review, May 2007

When “Information Asymmetry, Diversification, and Cost of Capital” was published in The Accounting Review in May, 2007, it solidified the theoretical foundation for studies that document associations between proxies for asymmetric information such as earnings quality and risk premiums.

Authors: Professor David Aboody and Professor Ron Kasznik
Title: “CEO Stock Option Awards and the Timing of Corporate Voluntary Disclosures”
Published: Journal of Accounting and Economics, February 2000

With a research interest in empirical financial accounting and issues important to investors, regulators and standard-setters, together with Stanford’s Professor Ron Kasznik, UCLA Anderson’s Professor David Aboody published an innovative paper entitled “CEO Stock Option Awards and the Timing of Corporate Voluntary Disclosures.” The work, wherein findings provide evidence that CEOs of firms with scheduled awards make opportunistic voluntary disclosures that maximize their stock option compensation, appeared in the February 2000 issue of Journal of Accounting and Economics.

Authors: Professor Brad Barber, Professor Reuven Lehavy, Professor Maureen McNichols, Professor Brett Trueman
Title: “Can Investors Profit From the Prophets? Security Analyst Recommendations and Stock Returns”
Published: Journal of Finance, April 2001

Professors Barber, Lehavy, McNichols and Trueman published the widely cited “Can Investors Profit From the Prophets? Security Analyst Recommendations and Stock Returns” in Journal of Finance, April 2001. The paper documents, among other things, that purchasing (or selling short) stocks with the most (or least) favorable consensus recommendations, in conjunction with daily portfolio rebalancing and a timely response to recommendation changes, yield annual abnormal gross returns greater than four percent.

Alumni Success


Daniel Aobdia (’12)

Assistant Professor of Accounting Information and Management Kellogg School of Management, Northwestern University

Dissertation: Sharing Suppliers and Information Spillovers: The Case of the Auditor

Daniel Aobdia studies the effects of disclosure on the functioning of capital and product markets. He has co-authored articles published in Accounting Review and Review of Accounting Studies, most recently, “Proprietary Information Spillovers and Supplier Choice: Evidence from Auditors.” His research won him the award for best mid-year meeting paper at the American Accounting Association and he is a senior economic research fellow in the Center for Economic Analysis at the Public Company Accounting Oversight Board (PCAOB).

Learn more...

Elizabeth Gutiérrez (’12)

Assistant Professor of Accounting, Universidad de Chile

Dissertation: Evidence on the Role of Accounting Conservatism in Debt Contracting

Elizabeth Gutierrez's areas of interest include financial accounting, financial market regulation, IFRS, auditor reporting, debt contracts, and insider trading. Most studies about insider trading are focused on the firm, but Gutierrez's empirical research takes a macro view, shedding light on the information inside traders use to make strategic decisions for investment.

Learn more...

Omri Even-Tov (’15)

Assistant Professor and Distinguished Teaching Fellow, Haas School of Business, University of California Berkeley

Dissertation: Can the Bond Price Reaction to Earnings Announcements Predict Future Stock Returns?

Since graduating UCLA Anderson in 2015, Omri Even-Tov has worked with the Haas Accounting Group, focusing his interests on corporate debt, unsuccessful mergers and acquisitions, and the relation between accounting information, bond returns, and stock returns. His paper, "When does the Bond Price Reaction to Earnings Announcements Predict Future Stock Returns?," was published in the Journal of Accounting and Economics in August 2017. He has also won the Earl F. Cheit Award for Excellence in Teaching, MBA Program for 2016 to 2017.

Learn more...

Ruihao Ke (’12)

Assistant Professor of Accounting, Cox School of Business, Southern Methodist University

Dissertation: Earnings Quality and Financial Distress Prediction

Dissertation: "Earnings Quality and Financial Distress Prediction"

 Ruihao Ke's dissertation examines how the quality of financial statements affects their usefulness in the debt market - in particular, whether high quality financial statements can help users more accurately predict financial stress. The study shows how high-quality accounting numbers improve several popular distress prediction models. Ke's research, "Social Connections with Executive Teams and Management Forecasts," will soon be published in Management Science.

Learn more...

Ben Lourie (’15)

Assistant Professor of Accounting, Paul Merage School of Business, U.C. Irvine

Dissertation: The Revolving-Door of Sell-Side Analysts: A Threat to Analysts’ Independence?

Ben Lourie's interests include financial analysts, market efficiency and financial accounting. His dissertation asked whether the "revolving-door" phenomenon, whereby analysts are hired by firms that they cover, poses a threat to their independence. His findings that pointed to a potential benefit to tightening employment regulations in the industry received media attention from Financial Times, Bloomberg and Business Insider.

Learn more...

Tsahi Versano (’11)

Lecturer of Accounting, Coller School of Management, Tel Aviv University

First academic placement: Assistant Professor of Accounting, Yale University

Dissertation: Discretionary Disclosure in Agencies

Recently, Tsahi Versano was a lecturer at the accounting department of Coller School of Management. Versano's research interests focus on the economic role of information in the business environment, disclosure decisions of managers, accounting regulation, and agency theory. His recent research focuses on the strategic disclosure of information by managers, the costs and benefits of regulating disclosure, and the optimal design of incentive contracts and organizational structures. Before attending UCLA Anderson, Versano was an assurance and transaction services manager at KPMG Israel.

Learn more...

Mingshan Zhang (’05)

Associate Professor of Accounting, New Jersey City University School of Business

First academic placement: Hong Kong University of Science & Technology

Dissertation: Three Essays in Accounting

Mingshan Zhang's research interests include valuation and empirical capital market research. Her work has appeared in Journal of Accounting Research.

Learn more...