DXL-34805 Lebow Newsletter 2018

WINTER 2019
DEPARTMENT OF ACCOUNTING
NEWSLETTER
HELLO FROM THE ACCOUNTING DEPARTMENT
The academic year had a strong start. LeBow College of Business welcomed 651 freshman and transfer students as well as 266 new graduate students. In accounting
we welcomed 54 new students.
Throughout the year, the department sponsors several events to develop student skills and promote the accounting profession. Many of these are featured on the
following pages. This would not be possible without your support in donations of expertise, time and money. A special thank you to:
• The alumni and friends of the department who have come to campus to engage with and support our students via mentoring, speaking with individual classes,
addressing a Lunch, Learn, and Lead, participating in FIC3, the Tax Cuts and Jobs Act panels, Meet the Accounting Students, and a Taste of Accounting.
• Members of the Accounting Advisory Council, particularly Tom Koncsics and Frank Pina, our former and new chair, respectively.
• Our Hubert D. Glover Student Leadership Award winners - Meghan Dempski, Christina Emsley, Ankira Patel, Joe Rogers, and Theodore Sutton.
• Last year’s Golden Calculator Sponsors – BDO, CliftonLarsonAllen, Deloitte, KPMG,
Mercadien, PwC, Siegfried, Deanna Byrne, Hubert Glover, the Masci Family, and Mark
Stutman – whose support goes well beyond their financial contributions.
The Department looks forward to both new and continuing collaborations this year.
I would like to congratulate Dr. Helen Choy for receiving a 2018 NASBA Accounting
Education Research Grant. This is the second NASBA grant the department has received
in the last 4 years. More on this and other research accomplishments are included on
the following pages.
Let me conclude by congratulating our 2018 graduates! We are looking forward to
hearing from and working with you as you move into the next stages of your careers.
Barbara Grein
Chair, Accounting Department
SAVE
THE
DATE
APRIL 25, 2019
END OF BUSY SEASON
ALUMNI RECEPTION
OCTOBER 11, 2019 ANNUAL IMA CPE CONFERENCE
7:30 - 4:30 LeBow College of Business,
Gerri C. LeBow Hall

DEPARTMENT OF ACCOUNTING NEWSLETTER
STUDENT NEWS
UNCONVENTIONAL PATH
Alexandra Burt’s* path to the MS in Accounting program was
unconventional. A graduate of Smith College, Burt found her way to her
pursuit of the corner office through her work in the nonprofit sector.
Accounting had always been more of a curiosity for Burt than something
she thought she should fully pursue. A former Women and Gender Studies
major, Burt thought that she’d originally work in nonprofit development and
research, but eventually realized it was not for her.
After making the move to Philadelphia in 2007, she landed a position as a
grant writer at the Delaware Valley Association for the Education of Young
Children (DVAEYC), her first job in the non-profit world. “I was kind of a ‘jack
of all trades.’ I did a little bit of marketing, social media, general development
and donor relations in addition to grants management.”
But after working with the organization for five years, Burt decided to
pursue something she found far more interesting - accounting. At that time,
Burt decided to research local MS in Accounting programs.
With her humanities undergraduate degree and no business courses, Burt
says she felt as if she was starting from square one. “For every master
of accounting program, you need those prerequisites to catch you up
with the other students who got their undergraduate degree in business,
accounting, and programs like that” says Burt. “With the programs in the
area, they all had prerequisite requirements, so I really liked the fact that
Drexel has a two-year accounting option for students who don’t already
have that background.”
After choosing the program that worked best for her, Burt said, “I really hit
the ground running, and I don’t think I stopped to think about what I was
doing until the summer of my first year.
Just as Burt thought she had left the nonprofit realm, her internship took her
right back to where she got her start. After her first year, Burt volunteered
with the Campaign for Working Families where she provided income tax
preparation services to low-income individuals. But despite her experience
and connections, Burt says she doesn’t want to limit herself. “Looking at
all of the things that one can do with accounting, I do want to continue
to remain open to possibilities. I never want to shoehorn myself into the
nonprofit world before I even get out of the gate.”
As Burt’s career has taken quite a few turns, she advises other students
remain open as well. ‘Stay open to opportunities and let yourself be
surprised by where life can take you; she says. “If you had told me at 19 that
I would be going to graduate school for accounting, I would have laughed.
But I love a spreadsheet!”
PROF. STACY KLINE AND MS STUDENT
ZEENA SEQUIERA PRESENT AT AAA
Professor Stacy Kline and MS Accounting student, Zeena Sequieira,
attended the AAA Conference in August 2018 to participate in the Faculty-
Student Collaborations in Accounting (FASTCA) session with other students
and professors from around the country. The title of their FASTCA session
was Lead & Learn: In Support of a Gatekeeper Course.
At LeBow, the accounting foundations courses have been identified
as “gatekeeper” courses within the business curriculum. Success in a
“gatekeeper” course is a key predictor of future success in business courses
and increased student retention. A strong foundation in the introductory
accounting programs provides fundamental knowledge essential for
business students in their future business courses and for their future
business careers.
In the LeBow Accounting Department, we have designed programs and
courses to support the foundations courses and to supplement students’
overall learning, including enhancing study skills, critical thinking skills, and
collaborative learning, as well as increase retention rates within the business
school. In one such program entitled Lead & Learn: Financial Accounting,
peer coaches work with students in small groups to model the practice of
accounting, act as a role model to younger students and promote excellent
study skills and “habits of mind.” Peer coaches benefit from the program by
enhancing their accounting problem solving, leadership and presentation
skills, as well as creating a greater sense of community between accounting
students. We have been running this program for three years and a number
of recent graduates have participated as peer coaches. Feedback and results
have been extremely positive.
Sequeira assisted Kline over spring and summer term 2018 in evaluating the
effectiveness of the program along with student and peer feedback. Kline
and Saqueira discussed the program and the effectiveness of the program at
FASTCA on August 8, 2018, in Washington D.C. at the AAA conference.
UNCONVENTIONAL PATH continued
While Burt has already received an offer from a public accounting firm, her
next goal before joining the workforce is passing the CPA exam.
*Burt graduated June 2018
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DREXEL UNIVERSITY’S LEBOW COLLEGE OF BUSINESS DEPARTMENT OF ACCOUNTING

IN THE NEWS
DEANNA BYRNE, MANAGING PARTNER OF
PWC PHILADELPHIA
By David Allen | From the Fall 2018 edition of Drexel LeBow magazine
When Deanna Byrne was named the first female managing partner in the 120-
year history of PwC’s Philadelphia office in 2017, she admits she didn’t focus on
the significance—or novelty—of the achievement.
Then, responses from students, fellow alumni and current and former PwC
employees started to come in, and they made the 1992 LeBow graduate reflect
more on the position she attained and the path she took to get there. “I’ve heard
from alumni who said they never thought this would happen,” she says. “That’s
very meaningful to me.”
That path started 30 years ago with her co-op at Coopers & Lybrand, which later
merged with Price Waterhouse to form the company known today as PwC. She
went on to spend her entire career thus far with the same company, and she has
been a partner at PwC for 15 years.
Byrne says she was first drawn to Drexel due to the co-op program, as well as
by a spot on the softball team. Like many Drexel graduates who went from co-op
to career at the same company, Byrne credits the early introduction to corporate
culture and to working in a business environment that she received through coop
with her long-term success.
FALL 2018
“When I went on co-op at C&L, I had just finished my freshman year—I hadn’t
even had an accounting class yet! What they decided to do was put you not
on a client services staff role but in an internal facing role so you could really
understand the way the firm operated as a business,” she says. “It gave me a leg
up on my peers because I really understood not just the client-services side but
what our business looked like and how it ran.”
That initial co-op experience led to her working and attending Drexel at the same
time, deepening a professional connection that has lasted for decades. “The
people I’ve worked with, both within the firm and at our clients, have been the
friendliest, smartest, most creative and intellectually challenging that I’ve known,
and they’ve become some of my best friends,” she says, adding that several
fellow LeBow alums have had a major impact on her career at PwC: Dean Simone
’84 and, more recently, fellow partner and Dean’s Advisory Board member Carlos
Moreira ’91. “Working with great people and doing challenging work have been
a constant, and that combination has just made it something I always wanted to
stay with.”
In assuming the managing partner role last year, Byrne had the occasion to look
back on her career at PwC and the influence of one particular female mentor,
Jean Cavuto. “I remember she always wore red to audit committee meetings,”
she said—a wardrobe choice that stood out in a conservative industry in the
early 1980s. “She really impressed upon me that our gender ultimately didn’t have
anything to do with our success as long as you continue to put in the work and
take advantage of opportunities, and that we could do that while being ourselves.”
She also notes that she worked closely with the previous managing partners and
held them in high regard. “I had such respect for them, and so to be considered in
their space was something I’m really grateful for,” she says. Having attained this
position, “I take it as a responsibility that we continue our efforts in making sure
we’re a really inclusive environment and that we demonstrate our commitment
to diversity.”
Her advice to current students, both in accounting and in other fields? “Be
confident: What you’re learning at LeBow and in the co-op experience will
provide you with such a great opportunity to springboard your careers,” she says.
“Work hard, think about what goals you have and set a plan to achieve them.”
“I am thrilled to have the opportunity to lead LeBow College of Business
during this very exciting time for business education,” says Jensen. “As
technological disruptions are transforming business and society at a pace that is
unprecedented, and companies are having to rethink their business models and
address significant talent gaps, colleges and universities need to evolve to help
fill these gaps and offer solutions.”
PAUL JENSEN NAMED DEAN
Paul E. Jensen, PhD, has been named Dean of Drexel University’s LeBow College
of Business. He had been serving in the role of Interim Dean since July 1.
Jensen, who joined the College’s economics faculty in 1997, brings a wealth of
experience in a variety of leadership and administrative roles at the University.
During his tenure as interim dean, Jensen increased support for research
and developed a strategic plan that leverages faculty research strengths and
stronger industry relationships in a business solutions context. His plan to bolster
interdisciplinary curricula will prepare LeBow students for success in a rapidly
changing economy.
Jensen points out that Drexel is one of the only comprehensive national research
co-op universities in the center of a major metropolitan area. “As such, we are
well-positioned to create a new model for higher education that prepares our
students for the jobs of the future and provides industry with the R&D and talent
pipelines that they need.”
He adds, “I look forward to working with LeBow’s amazing faculty and staff to
ensure the academic experience at LeBow sets our students up for success.
Prior to his academic career, Jensen worked as an engineer in the power
generation division of General Electric. He received his bachelor of arts in
economics and a bachelor of science in mechanical engineering from Syracuse
University, and a doctorate in economics from Pennsylvania State University.
LEBOW.DREXEL.EDU 3

DEPARTMENT OF ACCOUNTING NEWSLETTER
STUDENT NEWS
We Would Like To
Thank This Year’s
Golden Calculator
Sponsors For
Their Support
SCHOLARSHIP / AWARDEES
COOPERS & LYBRAND
ACHIEVEMENT AWARD
Quaoping Jiang | Monica Stoll | Sofia
Marie Bastida | Vy Ngo | James Salvo
ERNST & YOUNG ENDOWED
SCHOLARSHIP
Tinghua Qiu
CLARKSON, C D AWARD
Kate Moshnikov
DUPONT MINORITY
EDUCATION FUND
Tina Wang | Nolawit Esayas
| Anh Nguyen
J & S BORNSTEIN ENDOWED
SCHOLARSHIP FUND
Kejsi Merkuri | Jacob Paul
WEBER ENDOWED
SCHOLARSHIP FUND
Jordan Gaydosh
HDG AWARDS
Christina Emsley | Ankira Patel | Meghan
Dempski | Theodore Sutton | Joe Rogers
MASCI TUTOR
Hope Ginsberg | Ngoc “Gem”
Duong | Joe Campbell
VERTEX FELLOW
Erica Chase
ANNUAL FRAUD AND INTERNAL CONTROL CASE COMPETITION
(FIC3) HELD ON FEBRUARY 16, 2018
4
DR. HUBERT
GLOVER
We had 11 teams totaling 44 students from Drexel,
Temple, Eastern, Rider, and LaSalle competing for
prizes totaling $2,200. This is a record number of
students, schools, and prizes for us! We had 9
professionals coaching the teams this morning and
an additional 11 professionals serving as judges
for the student presentations in the afternoon.
These professionals included representatives
from the Philly chapters of the ACFE, PICPA, and
IIA and from 16 different organizations! (The
Mercadien Group, Joseph Golden & Assoc., The
Siegfried Group, KPMG, EY, Grant Thornton, RSM,
CBIZ, Basso CPA, Day & Zimmermann, Protiviti,
Global Indemnity, Jefferson, Tandigm Health,
Children’s Hospital of Philadelphia, and Burlington
Stores.)
WINNING DREXEL TEAMS*
2ND PLACE WINNERS: THE DRAGONS
Caroline Campbell | Mohith Ancha
Gurpreet Saroya
3RD PLACE: KICKING ASSETS
Reed Woodworth | Aneicia Williams
Katie Zhao
4TH PLACE: DEBITS AND CREDITS
Liviu Mihaila | Paula Cabot Jaume
Xiao Sheng | Thao Nguyen
*1ST PLACE TEAM: EASTERN EAGLES
FROM EASTERN UNIVERSITY
DREXEL UNIVERSITY’S LEBOW COLLEGE OF BUSINESS DEPARTMENT OF ACCOUNTING

STUDENT EVENTS
FALL 2018
PWC COMPETITION 2018
BAP
WELCOME
MEET THE ACCOUNTING STUDENTS
HDG AWARDS
LEBOW.DREXEL.EDU

DEPARTMENT OF ACCOUNTING NEWSLETTER
FACULTY NEWS
WELCOME
STEPHEN B. BATES
ASSISTANT CLINICAL
PROFESSOR - ACCOUNTING
Dr. Bates attended Drexel University where he
received his BS in Accounting in 1973 and his MBA
in Finance in 1976. He has over thirty-five years
of professional experience originating in public
accounting at KPMG, during which time he also
began his teaching career as an adjunct professor
at St. Joseph’s Graduate School of Business,
and an extensive business career in the private
sector, extending into a teaching career for the
past ten years. His business expertise includes
corporate turnarounds, two successful start-ups,
general corporate management in manufacturing
environments, and complex financing
arrangements; including two initial public offerings,
one of which was on the London Stock Exchange,
while also performing expert witness work in both
domestic and international arenas. He founded and
expanded a consulting company specializing in
business turnarounds, acquisitions, restructuring,
and valuation, and partnered and founded a
minimum-security community corrections company
which became a leading provider of behavioral
health, and drug and alcohol treatment; operating
in conjunction with the State of Pennsylvania.
Additionally, Dr. Bates has extensive experience
in SEC and international registration and reporting,
and his education expertise includes graduate
program development; including a successful M.S.
in Accountancy Program start-up.
MARY COPELAND,
ASSISTANT CLINICAL
PROFESSOR, ACCOUNTING
AND GENERAL BUSINESS
STUDIES
Mary has been an Adjunct at Drexel since 2001.
She is a member of the General Business Studies
Department and in recent years the Accounting
Department. Her efforts have primarily been in
the delivery of Business freshmen level courses
and in the Accounting Department focusing on
the delivery of a general Accounting concepts
course targeted towards non- Business majors.
In addition, she created an online format of the
ACCT 110 course and as a result, the course is now
offered to working adults and students all over the
country.
Mary earned her undergraduate degree from
Albright College, Reading, PA in 1983 and then
a Masters in Business and Human Resources
Management in 1987 from American University
Washington, D.C. Her work experience includes
over 14 years of experience in academia as a busy
Adjunct and 17 years of progressive experience in
the Banking and Financial Field. These experiences
have included leadership roles at American
Bankers Association in Washington, D.C.; Colonial
Penn in Philadelphia and twelve years at JP
Morgan both in the Delaware and New York offices.
Her husband is a Vice Chairman of the Healthcare
Consulting practice at Deloitte here in Philadelphia.
They have six children together and three new
grandsons. Mary enjoys working in several
volunteer leadership roles with the Philadelphia
Art Museum’s Craft Show; City Year Philadelphia,
Women’s Leadership Luncheon Board Member;
Lower Merion Education Foundation Board
Member and has been an active leader in the Home
and School Association’s as well as a Booster
Parent for all of her children’s schools and sports
teams.
THANK YOU
PAT DERRICK!
Dr. Patricia Derrick joined our faculty in 2013. We
had just revised our degree plan to add on two more
accounting courses one of which is the “organic
chemistry” or our discipline—advance accounting.
We had not offered a separate course for years
and she created and launched one of the most
highly rated courses in our portfolio. During a family
emergency in her first year, we team taught in her
absence. Dr. Hubert Glover taught her 8 a.m. class.
He reports that it was completely full with punctual
students and that he was “in complete awe of
how in an 8 a.m. class of a tough topic students
transcended those facts to demonstrate their
support. It is a testament to her character, passion
and generous use of her amazing talents to facilitate
learning.” This term one of her former students
revealed that she is in his Top 5 from undergraduate
to graduate and even high school professors and
the reason why—she cares, supports her interest
with sincere action, and you learn. Dr. Derrick is
amazing colleague and we were fortunate to have
her on our team and we will always benefit from her
contributions. We look forward to hearing about
her continued adventures and travel in retirement!
Congrats to our own Dr. Helen Choy and Dr. Deirdre Derrick from the American Board of Medicine on being
awarded a NASBA Accounting Education Research Grant, for their work, “Reading Ability and Success in
Accounting Program.” Their team will examine how students’ reading ability can affect their success in an
accounting program and their decision to pursue a career in the accounting track. They were awarded a grant
amount of $10,000.
NASBA GRANT
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DREXEL UNIVERSITY’S LEBOW COLLEGE OF BUSINESS DEPARTMENT OF ACCOUNTING

FACULTY NEWS
OUR FACULTY ARE THOUGHT LEADERS.
CONGRATULATIONS TO EACH ON THEIR
SUCCESSFUL PUBLICATIONS
DR. HSIHUI CHANG
• “Do Supply Chain Auditors Compromise? Evidence from the Association
of Supplier Aggressive Revenue Management and Major Customer
Dependence,” Journal of Accounting, Auditing and Finance, April 2018
• “The Impact of the Bullwhip Effect on Sales and Earnings Prediction using
Order Backlog,” Contemporary Accounting Research, Vol. 35 (2), 2018
DR. ANTHONY CURATOLA
• Presented tax update sessions to the following groups during the year:
PICPA (Reading chapter), IMA (Mid-Atlantic Council); IMA (Philly chapter);
PA Soc. Of Enrolled Agents; Main Line Accounting Org; and the Women’s
League of Voters
• Sim, Khim L ,Lee, Robert H. , Lohwasser, Eric and Curatola, Anthony . “U.S.
Listed Chinese Reverse Mergers: Fraud Prediction Measures and Audit
Characteristics” Journal of Forensic and Investigative Accounting
• Curatola, Anthony , Harden, J. William and Upton, David . “The Tax Cuts
and Jobs Act Implications for Financial Professionals” Journal of Financial
Services Professionals . (Jul 2018): 1-15
• Tax Opinion Columnist for Dow Jones’ Market Watch
DR. HUBERT GLOVER
• Jones, K and H. Glover “From Bean Counter to Business Partner—Internal
Audit: The New Source of Executive Leadership” Journal of Managerial
Issues (Volume XXX, No. 3, Fall 2018)
• V. Sulcaj, G. Li and H. Glover “Too Hot to Handle: Implementing Two
Significant Accounting Standards at the Same Time” International Journal
of Business, Humanities and Technology (Volume 7, No. 2, 2017, 1-5, Lead
Article) [Both co-authors are graduates of the LeBow graduate programs
and one is now enrolled as a doctoral student]
DR. CURTIS HALL
• Strategic cost Shifting and State Tax Minimization” with Stephen Lusch in
Journal of Management Accounting Research
• “Does Ownership Structure Affect Labor Decisions” in The Accounting
Review
PhD NEWS
FALL 2018
CONGRATULATIONS TO DR. YAOU ZHOU and DR. TAO SUN on defending
their doctoral dissertations and graduating from the program in June 2018.
Yaou is beginning her academic career as an Assistant Professor at Rutgers
University in Camden. Tao is beginning his academic career as an Assistant
Professor at Roosevelt University in Michigan.
Welcome to MS. AMANDA ACEVEDO and MR. CHASE LI-JEN CHEN on
joining the doctural program in August 2018.
CONGRATULATIONS ALSO GOES TO:
HANYONG CHUNG’S (coauthored with Dr. Helen
Choy) paper titled “Effect of CEO Successors’ Board
Experience on Firm Performance and Value” was
presented in a CONCURENT SESSION at 2018 JAAF
(Journal of Accounting, Auditing and Finance)
conference held in Seogwipo City, JeJu Island, Korea,
from 24th to 27th of June, 2018.
ERIC LOHWASSER, Accounting, winner of the following:
Drs. John J. and Margaret T. Clark Outstanding Ph.D.
Research Paper Award 2018
Drexel University, LeBow College of Business
Teaching Assistance Excellence Award 2018
Drexel University, Graduate College (University Wide)
Drs. John J. and Margaret T. Clark Outstanding Ph.D.
Research Paper Award 2017
Drexel University, LeBow College of Business
Eric has accepted a full time faculty position at Colorado
State University starting this July after graduating in
June 2018.
AMANDA MARINO’S paper (coauthored with Drs.
Curtis Hall and Andrew Finley) “Executive Gender Pay
Gaps in Nonprofit Organizations” at the fourth annual
“Women in Business Academia” conference put on by
The Wharton Society for the Advancement of Women in
Business Academia.
DR. GORDIAN NDUBIZU
• “Asymmetric sensitivity of executive bonus compensation to earnings and
the effect of regulatory changes” with Sung S. Kwon Jennifer Yin in Review
of Quantitative Finance and Accounting
PROFESSOR JAMES RINIER
• “Taxation of Children’s Unearned Income” Strategic Finance (Sep. 2018)
• “Opportunity Zone Legislation” Strategic Finance (Aug 2018): 16-18
• “Hobby Gross Income and Expenses after TCJA” Strategic Finance
(Jul 2018): 15-16
• “Individual Taxpayers and the Tax Cuts and Jobs Act” Strategic Finance
(Mar 2018): 18-20
LEBOW.DREXEL.EDU 7

WHO WILL FOLLOW IN YOUR FOOTSTEPS?
DO YOU KNOW SOMEONE
WHO WOULD BE A GREAT
ADDITION TO OUR PROGRAM?
SEND THEM OUR WAY!
Please contact Kate Sonstein
katesonstein@drexel.edu
HAVE YOU RECENTLY
PASSED THE CPA EXAM?
IF YOU HAVE, PLEASE LET US KNOW!
WE’D LOVE TO MENTION IT IN
OUR NEXT NEWSLETTER!
Please Contact Our Accounting Department
lebowaccounting@drexel.edu
SHARE YOUR CO-OP STORY!
DREXEL WILL CELEBRATE 100 YEARS OF COOPERATIVE
EDUCATION IN 2019 - WE WOULD LOVE TO HEAR YOUR STORY!
Please Contact Our Accounting Department
lebowaccounting@drexel.edu