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Fall 2012THE ACCOUNTING DEPARTMENT’S FOOTNOTE VOLUME 17, ISSUE 1Fall 2012Volume 17, Issue 1IN THIS ISSUE:2THE DEAN’S CORNER2FORENSIC ACCOUNTINGAND CRIMINOLOGY MINORIN DEVELOPMENT3DISTINGUISHEDDOCTORAL ALUMNIAWARD4THOMAS HOWELLFERGUSON P.A. RESEARCHCOLLOQUIUM4HISTORY OF THEDEPARTMENT OFACCOUNTING5NEW FACULTY ANDDEPARTING FACULTY6SPECIAL FACULTYRECOGNITIONS7FACULTY PUBLICATIONS8UPDATES FROM PREVIOUSFACULTY8STUDENT ORGANIZATIONS11STUDENT RECOGNITIONS& AWARDS13MASTER’S HOODINGCEREMONY14PROFESSIONAL ADVISORYBOARD152011-12 HONOR ROLLOF DONORSChair’s MessageDear Alumni and Friends:Now that we’ve completed another year, Iwould like to bring you up to date on whatwe’ve been doing and take a look forward towhat we hope to do. I am pleased to reportthat your FSU Department of Accountingis doing very well, and that I believe we arepoised to excel even further in the future.I would first like to thank our office staff,faculty, alumni and other friends of thedepartment who have contributed to oursuccess. Without them, this departmentwould not be able to produce the high-quality graduates for which we are known.Speaking of students, the number of accounting majors has remained steady over the past coupleof years – at about 700 undergraduates and 100 MAcc students. We feel these numbers willcontinue to remain steady even with our increased requirements for students wishing to majorin accounting. For example, students must now take a competency exam prior to enrolling inupper-level accounting courses. Requirements to remain an accounting major have also beenstrengthened. We expect that these changes will contribute toward our goal of graduating thebest accountants possible.Under faculty news, the department had another great recruiting year (see page 5). We hiredAllison Beck to teach auditing and Mike Penn to teach financial accounting. Allison comes to usfrom the doctoral program at the University of Tennessee and Mike from Penn State University.We are very excited to add them to our faculty. Unfortunately, Joe Icerman retired at the endof the 2011-12 academic year after 35 years at FSU (see page 5). He served on the faculty asdepartment head and as an associate dean during that time. His institutional knowledge isunparalleled in the department, and he was consistently a favorite of many students (so muchso that he was 2011-2012 Beta Alpha Psi Teacher of the Year). Joe will be missed greatly.On the curriculum front, the second cost accounting class has been eliminated and replacedwith a second tax class. We are developing two new classes for the MAcc program, one inforensic accounting and one in financial statement analysis. We also are in the process ofdeveloping an undergraduate forensic accounting minor in conjunction with the College ofCriminology (see page 2). The minor will involve five courses that criminology and accountingmajors will take in order to increase their knowledge and skills in this important and growingarea. If the minor is successful, we anticipate making it available online for those who cannotattend classes in Tallahassee.In summary, we are very proud of the job our graduates do, from passing the CPA exam toexcelling in their firms or organizations. This performance is due to hard work on the part ofthe students and the faculty. It also is due to the generous help we receive from our alumni andfriends. I cannot thank you enough for your support. With your continued help, I intend tokeep your FSU Department of Accounting on the track to excellence.— Bud FennemaDepartment Chair andErnst & Young Professor of AccountingThe FSU College of Business International Acclaim. Individual Attention.www.cob.fsu.edu/acg1

Fall 2012THE ACCOUNTING DEPARTMENT’S FOOTNOTE VOLUME 17, ISSUE 1The Dean’s CornerI am happy for this opportunity to thank you for your many forms of support toour Department of Accounting. Whether you took part in our speakers’ series,mentored a student or gave a financial gift, I want to assure you we are deeplygrateful. Your generosity supports our current students and allows us to grow andprosper as our reputation for training some of the nation’s best accountants expands.With that in mind, I am pleased to inform you the Department of Accounting hassome great numbers to report: Enrollment of graduate accounting students hit106 for the past semester, and we had a nearly 100 percent career placement, with70 percent of our students receiving offers from one of the Big 4 firms when theygraduated. These numbers speak highly of the excellent students we continue toproduce.And speaking of our graduates, I hope you will take a moment to read the articlein this newsletter about Clyde Stickney (’65 ACG; ’67 MAcc; ’70 Ph.D.), who wasselected as the recipient of the 2012 Distinguished Doctoral Alumni Award. Again, the widespread and high regard that Dr. Stickney– and many of our alumni– has earned throughout his career is evidence of the solid foundation FSU lays for future success of ourgraduates.Finally, it is my pleasure to inform you that the Bill Hillison Professorship Fund is fully endowed, thanks to generous donations fromalumni and friends. Named after Professor Bill Hillison, who retired in 2009 after 30 years at FSU, the endowed fund provides astipend in perpetuity and is awarded to a highly productive faculty member for a three-year term. With the Hillison Fund endowed, theDepartment of Accounting’s new funding initiative, the Center for Accounting Excellence, will now play a major role in continuing atradition of excellence in accounting education at FSU.Again, thank you for your continued interest and support of the Department of Accounting.Very best wishes for 2013!Caryn L. Beck-Dudley, DeanComing UpFORENSIC ACCOUNTING AND CRIMINOLOGYMINOR IN DEVELOPMENTOne of the strategic goals of the Department of Accounting is toenhance learning for our students through the development anddelivery of an interdisciplinary curriculum. With this in mind, wehave partnered with the College of Criminology and CriminalJustice to create the Forensic Accounting and Criminology minor.We plan to offer the minor, which will include five courses, toundergraduate students within the next year.Surveys of students in both colleges indicate a high level ofinterest for such a minor. For accounting majors, the minor willinclude courses in introductory criminology, white-collar crime,investigative accounting and fraud accounting. Criminologymajors will complete courses in introductory and intermediate2 www.cob.fsu.edu/acgfinancial accounting, auditing theory and investigative or fraudaccounting. The minor will culminate in a capstone coursethat both criminology and accounting majors must complete.The minor is slated to be offered both in on-campus and onlineformats.Our surveying efforts also show that professionals in publicaccounting, industry and government are interested in this minor.Therefore, we created an advisory board consisting of practitionersin each of these areas who helped develop a program to trainemployable forensic accountants. We will keep you informedabout the progress of this exciting initiative!The FSU College of Business International Acclaim. Individual Attention.

THE ACCOUNTING DEPARTMENT’S FOOTNOTE VOLUME 17, ISSUE 1Fall 2012Alumni RecognitionKathy Stickney, Bud Fennema and Clyde StickneyCLYDE STICKNEY RECEIVES 2012 DISTINGUISHEDDOCTORAL ALUMNI AWARDIn 2007, the College of Business established the DistinguishedDoctoral Alumni Award to recognize alumni who used their FSUeducation and professional experience to achieve significant levelsof success and distinction. We were pleased to present the awardin April 2012 to Dr. Clyde Stickney, who earned his bachelor’sdegree (1965), master’s degree (1967) and doctorate (1970) inaccounting from Florida State.Dr. Stickney distinguished himself as a faculty member at theUniversity of Chicago, the University of North Carolina-ChapelHill, and at Dartmouth College, where he held the title ofSignal Companies’ Professor of Management in the Tuck Schoolof Business and from which he retired in 2003. He also was avisiting professor at the Helsinki School of Economics and theInternational University of Japan, and was a visiting scholar atthe Swinburne Institute of Technology in Melbourne, Australia.Dr. Stickney’s teaching and research interests centered on theinterpretation and analysis of financial statements. His researchexamined the impact of different accounting principles on U.S.versus Japanese price-earnings ratios and the use of financialstatement ratios to infer the content and evaluate the success ofcorporate-level strategies.He has written or co-written more than 30 articles in academic andprofessional journals, including the Journal of Financial StatementAnalysis and the “Handbook of International Accounting.” He alsohas authored or co-authored seven books on financial accounting,managerial accounting and financial statement analysis.Active in the American Accounting Association throughout hiscareer, Dr. Stickney served as editor of the financial reportingsection of the Accounting Review and associate editor of AccountingHorizons.Since his retirement, Dr. Stickney has continued to do limitedteaching and writing. He leads Bible studies at his church andis researching his family history. He is president of the HalifaxGenealogical Society in Ormond Beach and vice president of theFlorida State Genealogical Society.The FSU College of Business International Acclaim. Individual Attention.www.cob.fsu.edu/acg3

Fall 2012THE ACCOUNTING DEPARTMENT’S FOOTNOTE VOLUME 17, ISSUE 1Thomas Howell Ferguson P.A.Research ColloquiumThomas Howell Ferguson P.A. sponsors a distinguished speakerseries every fall and spring semester for accounting majors.The speaker series has enriched the education of our students,and both students and faculty are grateful for Thomas HowellFerguson P.A.’s generous support. Below is a schedule of pastspeakers for the Thomas Howell Ferguson Presents the JohnPerry Thomas Accounting Speaker Series.Fall 2011Sept. 23Sugata Roychowdhury, Boston CollegeSept. 30Paul Madsen, University of FloridaOct. 7Tommye Barie, AICPA and Mauldin& Jenkins, CPAsOct. 21Nicole Jenkins, VanderbiltNov. 18Maria Vulcheva, Florida International UniversityDec. 9Andrew Van Buskirk, Ohio State UniversitySpring 2012Jan. 13DJ Nanda, University of MiamiJan. 20Jacqueline Hammersly, University of GeorgiaFeb. 10Donald Moser, University of PittsburghMarch 16April 13Fall 2012Sept. 21Sept. 28Oct. 5Oct. 15Nov. 9Nov. 16Nov. 30Dec. 7Dennis Beresford, University of GeorgiaRichard Frankel, Washington University,St. LouisDave Jones, Case Western Reserve UniversityPartha Mohanram, University of TorontoJamie Diaz, College of William and MaryAmy Sun, Penn State UniversityShyam Sunder, University of ArizonaSonja Rego, Indiana UniversityFeng Li, University of MichiganJim Vincent, University of FloridaHISTORY OF THE DEPARTMENTOF ACCOUNTING AT FSUWho is the person in this picture?Bill Hillison, professor emeritus, isworking on the history of the FSUDepartment of Accounting. Whenit is posted on our website, it will bea “work in progress,” with alumni,faculty and others submitting ideas forinclusion.Pictured above is Mary Luella Richey,Florida’s first female certified public accountant. Richey cameto Florida State College for Women (now FSU) in 1916 toteach a two-year program in commerce-related subjects. Theinitial program in accounting, which she developed in the1920s, was a forerunner to the accounting curriculum in theSchool of Business in the 1950s and 1960s. Richey retired in1960 after a career at FSCW and FSU that spanned 44 years.She died in 1967.To be continued .4 www.cob.fsu.edu/acgPictured here is the first building to house the College’s Department ofAccounting. It is suspected that the merry-go-round was used duringrecess.The FSU College of Business International Acclaim. Individual Attention.