The accounting academy is facing two critical challenges: an increasing disconnect between academia and practice and a growing shortage of faculty. Recently, the Pathways Commission proposed that accounting programs more fully embrace professionally oriented faculty. This proposal is attractive...

With the bankruptcy of Enron and the accompanying loss of pension benefits of its employees, pensions have recently received significant press. Accounting for pension plan obligations, for defined benefit plans in particular, requires companies to make assumptions regarding discount rates,...

We examine the role manager entrenchment has on firms' financial reporting quality. More specifically, we test whether entrenched managers' reported accruals deviate from industry norms and whether entrenched managers' abnormal accruals are more (or less) predictive of future cash flows....