October 04, 2002

PricewaterhouseCoopers (PwC) has endowed a Faculty Fellowship in Accounting at UCLA Anderson. David Aboody, Ph.D., associate professor of accounting, has been selected as the first recipient of this new fellowship based on his dedication to the field of accounting as demonstrated by his outstanding scholarship and his enthusiasm for teaching in the undergraduate accounting program at UCLA.

PricewaterhouseCoopers is the world’s leading professional services organization. PwC is the largest global network of auditing, accounting and tax firms serving many of the world’s largest and most prestigious companies. With offices in more than 150 countries, PwC utilizes the knowledge and skills of more than 150,000 people globally. PwC helps its clients anticipate business trends and solve complex business problems to measurably enhance their ability to build value, manage risk and improve performance. The company is a leader in countless areas from insurance to technology to management consulting services. However, it was in accounting that PwC first established its reputation for excellence and its 150-year commitment in this field is unmatched.

With that in mind, PwC has generously created the first Faculty Fellowship in Accounting at UCLA Anderson. Its purpose in establishing this academic research fellowship is to advance the field of accounting.

“We’re pleased that PricewaterhouseCoopers is establishing this fellowship with UCLA Anderson,” said Frank Johnson (’62), a retired partner of the firm, who was instrumental in setting up the PricewaterhouseCoopers Chair in Accounting.

“The fellowship will be very meaningful for the school, its accounting faculty and students, and will ultimately benefit the field of accounting at large,” added Eric Juline (’70), also a retired partner of PricewaterhouseCoopers and president of the UCLA Alumni Association.

In recent years, UCLA Anderson’s accounting faculty has grown significantly in terms of depth and the importance of its research. The increased strength of the department enabled it to reintroduce the Ph.D. program in accounting in 1999. This progress, coupled with the generous support of the business community and philanthropic leaders such as PricewaterhouseCoopers, will ensure that UCLA Anderson continues its tradition of excellence in management education.

“By gaining this research fellowship, we will enhance our prospects of retaining the most talented and promising accounting scholars,” said Bruce G. Willison, dean of UCLA Anderson. “We’re pleased to have a scholar of Dr. Aboody’s caliber as the first recipient of the PricewaterhouseCoopers Fellowship.”

The PricewaterhouseCoopers Faculty Fellowship in Accounting will be awarded for a fixed term of two years to an individual faculty member to continue research at a crucial stage in his or her career. The fellowship will be funded through the endowment of the PricewaterhouseCoopers Chair in Accounting, the goal of which is to further accounting education at UCLA, particularly as it relates to the preparation of students for entry into the public accounting profession.

“I’m grateful to PricewaterhouseCoopers for this opportunity,” said Dr. Aboody. “The fellowship will help further my academic research and will benefit the art of accounting.”

Dr. Aboody teaches courses in financial accounting, advanced managerial finance, financial statement analysis and special topics in accounting. He received his Ph.D. in 1995 from the University of California, Berkeley and holds master’s and bachelor’s degrees from Hebrew University in Israel. His current research focuses on the policy implications of accounting for stock options. In his previous work, he examines financial reporting of intangible assets, such as intellectual capital and R&D, and the practice of compensating CEOs, executives and management with stock options. Professor Aboody’s research suggests that there is a strong link between information disclosures and CEO stock option awards—managers may “boost” the value of their stock options just before exercising them. He also specializes in corporate restructuring and valuation.

PricewaterhouseCoopers has a long history of commitment to accounting at UCLA. With approximately 90 UCLA Anderson alumni at the firm, the support that these individuals have provided over the years has had a meaningful impact on the school.

About UCLA Anderson

UCLA Anderson is perennially ranked among the top-tier business schools in the world. Award winning faculty renowned for their research and teaching, highly selective students, successful alumni and world-class facilities combine to provide an extraordinary learning opportunity. Established in 1935, the school provides management education to more than 1,300 students enrolled in full-time, part-time and executive MBA programs and academic master’s and Ph.D. programs. In addition, there are approximately 500 undergraduate students enrolled in Anderson’s Undergraduate Accounting Minor Program.

The UCLA Anderson's faculty includes outstanding educators and researchers who share their scholarship and expertise in such fundamental areas as finance, marketing, accounting, business economics, decisions, operations and technology management, human resources and organizational behavior, information systems, strategy and policy.

Offering unparalleled expertise in management education, the world's business community turns to UCLA Anderson as a center of influence for the ideas, innovations, strategies, and talent that will shape the future.

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