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Public Lecture - Ron Dye

by User Not Found | Nov 21, 2017


Laboratory of Aggregate Economics and Finance presents

Ronald Dye — Professor at Kellogg School of Management (Northwestern University)
“Accounting Irregularities: What’s Odd About Bean Counting?”

Wednesday, November 8th, at 5:30pm

Interdisciplinary Humanities Center McCune room 6020
UC Santa Barbara’s Humanities and Social Sciences Building

In this talk, Prof Dye will assert that while most people, accountants and non-accountants alike, take the major issues in accounting as known and settled, and that as a consequence, they believe that practicing accounting involves merely applying known and agreed upon rules, there are in fact vast portions of accounting that are not well understood. Prof. Dye claims that accountants don’t really know how to do – in an economically defensible fashion - things as basic as: correctly measure a firm’s income, engage in cost allocation, or depreciate assets. Prof Dye will also reassess some institutional features of accounting that are seldom given a second thought, including: Is it desirable to have audits be paid for by the firms they audit? Why accounting standards setters should be considered an institutionally disadvantaged entity? Why there isn’t – and shouldn’t be – one international set of accounting standards that all firms can comply with? While the lecture will presuppose no prior acquaintance with accounting, it may give practicing accountants a new view on some aspects of their profession.