PAMELA ANN SMITH, Ph.D., CPA
KPMG Professor of Accountancy
Northern Illinois University Board of Trustees Professor
Presidential Teaching Professor
EMPLOYMENT:
Northern Illinois University
DeKalb, Illinois
Full Professor, 2006
Associate Professor, 2000 - 2006
Assistant Professor, January 1994 - 2000
University of Texas at Austin
Austin, Texas
Visiting Assistant Professor
August 1997 - July 1998
Southern Methodist University
Dallas, Texas
Lecturer
August 1992 - December 1992
University of North Texas
Denton, Texas
Teaching Fellow, September 1991 - May 1992
Research Assistant, June 1990 - December 1993
University of Texas at Dallas
Dallas, Texas
Teaching Assistant
September 1988 - August 1989
Touche Ross
Dallas, Texas
Audit Manager
1984 - 1988
Oppenheim, Appel, Dixon & Co
Dallas, Texas
Audit Senior
1981 - 1984
EDUCATION:
University of North Texas
September 1989 - December 1993
Denton, Texas
Ph.D. - Accounting major, Finance minor
University of Texas at Dallas
September 1987 - August 1989
Dallas, Texas
MBA - Finance concentration
Ferris State University
September 1977 - May 1981
Big Rapids, Michigan
BS – Accountancy
RECOGNTIONS, AWARDS, and HONORS:
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Northern Illinois University Presidential Teaching Professor, 2013 - 2017
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Northern Illinois University Board of Trustees Professor, 2010 - 2015
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Wall Street Journal Distinguished Professor Award, 2009 - 2010
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American Accounting Association, 2009 Innovation in Accounting Education Award
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Illinois CPA Society 2008 Outstanding Educator of the Year
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Executive MBA Golden Apple Award – 2007, 2008, 2009, 2010, 2011, 2012
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Executive MBA Teaching Excellence Award - 2006
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Department of Accountancy’s Outstanding Educator of the Year: 1999, 2000, 2001, 2002
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College nominee for the University’s Excellence in Undergraduate Teaching: 2000, 2001, 2002
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Midwest AACSB Innovation in Business Education Award, 2004 and 2011
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Retained as an Expert Witness regarding derivative/hedging/SPE transactions of Enron, 2005
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KPMG Professor of Accountancy, 2004 – present (professorship was endowed in 2009)
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Executive Advisory Board - College of Business at Ferris State University, 2002 - 2007
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AAA Consortium Fellow, June 1991
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INTERNATIONAL EXPERIENCE:
Financial Accounting, September 4 - September 22, 2000, January 6 - January 24, 1997,
September 30 - October 18, 1996. Helsinki School of Economics and Business Administration,
International BBA Program. Mikkeli, Finland.
TEACHING / RESEARCH / SABBATICALS:
Areas of Interest: Financial Reporting and Earnings Management, Derivatives and Hedging,
Business Combinations, Ethics, and Accounting Education.
Courses taught: Advance Financial Accounting, Intermediate I, Executive MBA, Evening MBA,
FAR sessions in NIU CPA Review.
Corporate training for: Abbott Labs; Accenture: Arthur Andersen; Coopers & Lybrand; Plante
Moran; KPMG.
Sabbaticals:
June – December 2014:
Field research with experts at KPMG, E&Y, Crowe, Abbott Labs, Caterpillar, Inc., IBM,
McDonald’s, and Microsoft on the identification and valuation of intangible assets and other
business valuation issues.
June – December 2007:
Field research with business valuation professionals at KPMG, Crowe, and Sikich. Field
research with corporate accounting at Abbott Labs, Allstate Insurance, Baxter International,
Caterpillar, Inc., Hospira, ITW, and Exelon Corp. on the implementation of SFAS 141R
Business Combinations, SFAS 157 Fair Value Measurements, SFAS 159 The Fair Value
Option for Financial Assets and Liabilities, and business valuation issues.
July – December 2000:
Field research with corporate accounting at Allstate Insurance, Baxter International and
Caterpillar, Inc on the implementation of SFAS 133, Derivative Financial Instruments and
Hedging Activities
Dissertation: "Early Adoption of Financial Accounting Standards as an Earnings Management
Tool"
PUBLICATIONS
“Accounting for Business Combinations – Implementation Issues”, Bloomberg BNA, 2015, with
Ervin Black and Dan Gary.
“Building Ethical Leaders: A Way to Integrate and Assess Ethics Education”, Journal of
Business Ethics, June (II) 2013, Volume 115, No1: 101 - 114, with Ann Dzuranin and
Rebecca Shortridge.
“Accounting for Acquired In-Process Research and Development under SFAS 141(R)”, CPA
Journal, July 2010, Vol LXXX/No. 7: 24 - 29, with Nancy Goble and Mark Riley.
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“Understanding the Changes in Accounting Thought”, Research in Accounting Regulation,
2009, Volume 21: 11-18, with Rebecca Shortridge.
“Instilling Student Responsibility with Team Contracts and Peer Evaluations”, Advances in
Accounting Education: Teaching and Curriculum Innovations, 2009, Volume 10: 81-101,
with Doug Clinton.
“Business Combinations”, Bureau of National Affairs (BNA) Portfolio 5170, Accounting Policy
and Practice Series, 2009, with Ervin Black and Dan Gary.
“Integrating Ethics into the Business Curriculum: The Northern Illinois University Initiative”,
Strategic Finance, June 2008, with Linda Matuszewski.
“Accounting for Derivatives and Hedging Activities: Comparison of Cash Flow versus Fair Value
Hedge Accounting.” Issues in Accounting Education, Spring 2008, with Mark Kolhbeck.
“Understanding the Views of Consolidation: Proprietary, Parent, Entity and the IASB’s View.”
The CPA Journal, April 2007: 23-26, with Rebecca Shortridge.
“An Overview of the Implications of the FASB and IASB Proposal – Accounting for Business
Combinations.” The CPA Journal, April 2007: 17-21, with Georgia Saemann.
“Ideas for Using Cases in the Classroom.” Advances in Accounting Education, Summer 2005,
Vol 21: 259-273.
“Some Thoughts On Using A Principles Versus Rules-Based Approach To Teaching
Accounting.” Journal of Accounting and Finance Research, Winter II 2004, Vol 12, No 7:
154-157.
AICPA Professor/Practitioner Case Program, “Principles versus Rules-based Accounting and the
Definition of Control for Purposes of Consolidation.” with Mark Hogan, NICOR. AICPA, Winter
2004.
“Accountancy Students Develop a Unique Code of Ethics.” Strategic Finance, August 2004: 1516.
“Principles-Based Accounting Standards and the Determination of Control for Consolidation.”
May 2004, The CPA Journal: 11-13, with Leslie Kivi and Colette Wagner (both graduate
students).
“Use of An Education Consultant in Response to Today’s Educational Challenges.” Journal of
Accounting and Finance Research, Winter 2003, Vol II, Number 5: 83-89.
“Self-Regulated Learning In Accounting Majors.” Journal of Accounting and Finance Research,
Winter I 2002, Vol 10, No 5: 14 – 20, with Sally Webber, Northern Illinois University.
“Understanding Self-Regulated Learning and its Implications for Accounting Educators and
Researchers.” Issues in Accounting Education, November 2001, Vol 16, No4: 663-700.
“Implementation of SFAS 133: Some Case Observations.” Journal of Accounting and Finance
Research, Fall 2001, Vol 9, No 4: 74-78.
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“Analogies Drawn Between Marketing and Financial Reporting Research – Possible
Implications on Reporting Comprehensive Income.” Research in Accounting Regulation.
Winter 2000, Vol 14: 135-150, with Kim Robertson, Trinity University.
“Format Effects of Firm Performance on Naïve and Sophisticated Users.” Journal of Accounting
and Finance Research. Winter II 2000, Vol 8, No 4: 1-21, with Kim Robertson, Trinity
University.
"Presentation of Comprehensive Income, Possible effects drawn from Marketing Research."
Journal of Accounting and Finance Research. Summer 1999, Vol 7, No 1: 58-73, with Kim
Robertson, Trinity University.
"Reporting Comprehensive Income: Does it Really Affect Stock Prices?" Journal of Corporate
Accounting and Finance. Summer 1998: 75 - 86, with Senyo Tse, University of Texas at
Austin.
"Identifying and Controlling Interest Rate Risk: Do You Know How?" Journal of Corporate
Accounting and Finance. Winter 1997: 1-11, with Carrie Cazolas, Allstate Insurance.
"Lobbying Behavior and Decisions to Early Adopt." Journal of Accounting and Finance Research.
Summer 1997, Vol 4, No 2: 1-10, with Georgia Saemann, University of Wisconsin, Milwaukee.
"Hedging with Derivatives." Internal Auditor. April 1997: 68-75, with Dean Bahrman, Assistant
Vice President Corporate Auditing, Allstate Insurance.
"The Effect of the Deductibility of Goodwill on Business Combinations." Journal of Accounting and
Finance Research. Spring 1997, Vol 4, No 1: 42-46, with Teresa Conover, University of North
Texas.
"Comprehensive Income and the Effect of Reporting It.” Financial Analysts Journal. Nov/Dec
1996, Volume 52, No 6: 14-19, with Cheri L. Reither, FASB.
"FASB's Derivative ED: Some Concerns About Applying the Proposed Standard." Journal of
Corporate Accounting and Finance. Fall 1996, Vol 8, No. 1: 43-54, with Carrie Cazolas,
Allstate Insurance and Curt Norton, Northern Illinois University.
"The Use of Derivatives by Grain Elevators." Journal of Lending and Credit Risk Management.
July 1996, Vol 78, No. 11: 45-51, with Curtis L. Norton, Northern Illinois University.
"Comprehensive Income: How to Apply the Rules of FASB's Recent Exposure Draft." Journal
of Corporate Accounting and Finance. Summer 1996,Volume 7, No. 4: 29-38, with Cheri L
Reither, FASB.
"The Effect of TRA 86 on U.S.-Based Multinational Oil and Gas Firms." Oil, Gas and Energy
Quarterly (formerly Oil and Gas Tax Quarterly). October 1996, Volume 45, No 1: 193-199,
with Teresa Conover, University of North Texas.
"Hedging in the Oil and Gas Industry: Risks and Controls." Petroleum Accounting and Financial
Management Journal. Spring 1996, Vol. 15, No. 1: 47-60.
"Equity Market Analysis of the U.S. Tax Reform Act of 1986 for U.S. Multinational Firms."
Advances in International Accounting. Fall 1994, Volume 7: 135-144, with Teresa Conover,
University of North Texas.
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PROFESSIONAL CONFERENCE PRESENTATIONS
“Ethics Education Toolkit: Resources for Teaching Accounting Ethics”, Invited Panelist, American
Accounting Association (Atlanta, GA: August 2, 2014)
“Assessing Ethics Education: A Theory-based Approach”, American Accounting Association,
Symposium on Ethics Research in Accounting, (Atlanta, GA: August 3, 2014)
“Building Ethical Leaders: A Way to Integrate and Assess Ethics Education”, American Accounting
Association, Symposium on Ethics Research in Accounting, (Washington, DC: August 5,
2012)
“Integrating Ethics into the Business Curriculum”, American Accounting Association, (San
Francisco, CA: July 31, 2010)
“Ethics, Professionalism and YOU.” IMA Student Leadership Conference, (St. Louis, MO; Nov 7,
2009)
“Instilling Student Responsibility with Team Contracts and Peer Evaluations”, Academy of
Business Disciplines, (Fort Myers, FL; Nov 2008), Outstanding Manuscript Award.
“Integrating Ethics into the Business Curriculum: The Northern Illinois University Initiative”, AAA
Midwest Meeting, (Detroit, Mi; March 2008), Teaching and Curriculum Section Best Paper
Award.
“Integrating Ethics Across the Curriculum: The Northern Illinois University’s BELIEF Initiative”,
Annual meeting of the Colloquium on Change in Accounting Education, (Scottsdale, AZ;
Oct 5, 2007).
“Building Ethical Leaders Program at Northern Illinois University”, Annual meeting of the American
Accounting Association, (Washington, DC; August 2006).
“The Evolution of Integrating Business Ethics as a Learning Outcome at Northern Illinois
University.” Teaching Business Ethics Conference sponsored by the AACSB, (Boulder, Co;
July 21, 2005).
“Using Cases in the Classroom.” Annual meeting of the American Academy of Accounting and
Finance, (New Orleans; Dec 9, 2004).
“Using Peer Evaluations with Student Teams.” Annual meeting of the Colloquium on Change in
Accounting Education, (Sedona; Oct 22, 2004).
“Principles versus Rules-based Accounting: A Case Application.” Annual meeting of the
Colloquium on Change in Accounting Education, (Sedona; Oct 21, 2004).
“Can Students Develop an Honor Pledge and Code of Conduct?” College Teaching and Learning
Conference, (Orlando; Jan 5, 2004).
“Principles-Based versus Rules-based Accounting Standards.” Annual meeting of the American
Academy of Accounting and Finance, (New Orleans; Dec 13, 2003).
“Using On-line Course Management System To Promote Student Interaction.” Annual meeting of
the Colloquium on Change in Accounting Education, (Albuquerque; Oct 31, 2003).
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“A Student Developed Honor Pledge and Code of Conduct.” Annual meeting of the Colloquium on
Change in Accounting Education, (Albuquerque; Oct 30, 2003).
“Enhancing Students’ Self-Regulated Learning Skills: A Case Study.” Annual meeting of the
American Academy of Accounting and Finance, (New Orleans; Dec 5, 2002).
“Developing Self-Regulated Learning in Accounting Majors.” Annual meeting of the Colloquium on
Change in Accounting Education, (Sedona; Oct 31, 2002).
“A Lesson on Self-Regulated Learning and How it can be used in Accounting Education.” Annual
meeting of the American Academy of Accounting and Finance, (New Orleans; Dec 7,
2001).
“Understanding Self-Regulated Learning and its Implications for Accounting Education.” Annual
meeting of the American Accounting Association, (Atlanta; Aug 14, 2001).
“Implementation Issues of SFAS 133: Some Case Observations.” Annual Meeting of the American
Academy of Accounting and Finance, (New Orleans; Dec 2000).
“Format Effects of Firm Performance on Naïve and Sophisticated Users.” Annual Meeting of the
American Academy of Accounting and Finance, (New Orleans; Dec 1999).
“Marketing Firm Performance under a New Accounting Standard: Implications Arising From
Nutrition Information Literature.” Annual Meeting of the American Academy of Accounting
and Finance, (New Orleans; Dec 1998).
"An Empirical Analysis of Comprehensive Income - Pre-SFAS 130." American Academy of
Accounting and Finance, (New Orleans; December 1997).
"Identifying and Controlling Interest Rate Risk: Do You Know How?" American Academy of
Accounting and Finance, (New Orleans; December 1996).
"Effect of Goodwill Deductibility on Business Combinations." American Academy of Accounting
and Finance, (New Orleans; December 1995).
"Lobbying Behavior and Decisions to Early Adopt." American Academy of Accounting and Finance,
(New Orleans; December 1994).
NON-REFEREED PUBLICATIONS AND PRESENTATIONS
Publications:
“Building Ethical Leaders.” College of Business Handbook on Ethics, with Terry Bishop and Bill
Cummings. 2006, 2009, and 2011.
"Hedging - risks and controls: an American view." Oil and Gas Financial Accounting. Spring
1997, Vol 12, No 1: 3-18.
"A Catalog of Resource Materials for Using the Internet in the Classroom when Teaching
Accounting Students." as part of the Pedagogical Resources Committee of the Federated
Schools of Accountancy, 1997.
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"A Catalog of Resource Materials for Using Teams in the Classroom when Teaching Accounting
Students." as part of the Pedagogical Resources Committee of the Federated Schools of
Accountancy, 1996.
"Academic Dishonesty and Team Learning." Public Interest Practice Section of the AAA, Spring
1995 Annual Ethics Newsletter: pg 9.
“A Note on the Effect of TRA 86 on U.S. Based Multinational Firms.” SWFAD proceedings,
March 1992, with Teresa Conover.
Presentations:
“Using Pathways Model to Connect, Engage, and Inspire,” Chicagoland Accounting Educators
Conference, Wiley, (College of DuPage, Glen Ellyn, January 16, 2015.
“Integrating Ethics into the Business Curriculum,” Chicagoland Accounting Educators
Conference, Wiley, (College of DuPage, Glen Ellyn, January 16, 2015.
“Illinois Government Finance Ethics Workshop.” Illinois Government Finance Officers
Association. (Normal, IL, September 10, 2012; Springfield, IL, September 12, 2011;
Naperville, IL, May 2010; Naperville, IL, May 7, 2009).
“Developing Self-Regulated Learning in Accounting Majors.” Illinois Accounting Educators
Teachers Conference, (Moline, IL; Oct 18, 2002).
“Ethics in Corporate America.” Northern Illinois University Ethics Consortium. Panel discussant,
(DeKalb, IL; Sept 26, 2002).
“Self-Regulated Learning and how it can Enhance Student Learning.” Northern Illinois
University, University-wide Faculty Development Seminar, (DeKalb, IL; Apr 24, 2002).
“Using Self-Regulated Learning in Corporate Training.” Deloitte and Touche National Office,
(Norwalk; November 8, 2001).
“Understanding Self-Regulated Learning.” Presented to Accountancy Department Northern
Illinois University, (DeKalb, IL; Sept 25, 2001).
"An Empirical Analysis of Comprehensive Income Items - Pre-SFAS 130." Presentation at
Baylor University, (Waco, TX; March 1998).
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ACADEMIC SERVICE / PROFESSIONAL AND CIVIC INVOLVEMENT
Academic Service
Department
- Department Personnel Committee
o Member (2001 - 2011)
o Chair (2004 – 2005 and 2009 – 2011)
- Department Curriculum Committee
o Chair (1999 - 2000)
o Member (1998 - 1999)
- Faculty coordinator of Accountancy 206 (2001 – 2009)
- Policy Committee (2002 - 2003) and (2005 - 2009)
- Faculty advisor, Student honor code development (2001 – 2004)
- Portfolio Development Committee (2004-2005)
- Authorized Department Reviewer for IRB (2003 – 2005)
- Coordinator Graduate Student Consortium (1998 - 2000)
- Recruiting Committee (1994 - present)
Curriculum Revision (1995 - 1997)
College
- Strategic Planning Committee (2009 – present)
- BELIEF Program: Faculty for Ethics (2004 – present)
- Faculty Advisor student organization Leaders in Ethics and Academic Discipline (LEAD)
(2009 – 2010)
Director of the BELIEF Program (2008 - 2009)
- COB Research Grant Review Committee (2005 - 2007)
- Member - College Curriculum Committee (1999 - 2000)
University
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University President Search Committee (2012 – 2013)
Research Rookie Program (2012 – 2013)
Vision 2020, Faculty Work, Excellence and Rewards working group (2010 – 2011)
BOT Professor Selection Committee (2010 – present)
University Student Grievance Procedures Committee (2004 – 2005)
University Faculty Senate (2001 – 2005)
University Ethics Consortium (2001 – 2003)
University Academic Planning Council (1998 - 2000)
Mentor/Mentee Program for freshman, Northern Illinois University (1996 - 1997)
Professional
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KPMG, Master Instructor for Advanced In-Charge training, 2012 - present
Author and Lecturer, Wiley CPAexcel, FAR Section of CPA Review, 2006 - present
Associate Editor, Issues in Accounting Education, 2007 - 2009
Editorial Board, Issues in Accounting Education, 2004 - present
Editorial Board, International Journal of Managerial & Financial Accounting, 2007-present
Treasurer, Teaching and Curriculum Section of the AAA, 2006 - 2008
AICPA Campus Champion, 2000 – 2009 (program discontinued in 2009)
Illinois CPA Society Champion, 2001 - present
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Reviewer, AAA annual meeting, 1999 - present
Ad Hoc Reviewer, Mid-American Journal of Business, 2003 – present
Ad Hoc Reviewer, Journal of Business Ethics, 2012 - present
FASB Faculty Program, July 22-24, 1997
Ad Hoc Reviewer, Issues in Accounting Education 1996
Ad Hoc Reviewer, Midwest AAA 1995 - 2002
Pedagogical Resources Committee, Federated Schools of Accountancy 1995 - 1997
Member AICPA, ICPAS, AAA
Civic
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Executive Board and Treasurer, DeKalb County Quilters Guild (2003 – present)
Licensed handler Therapy Dogs International (2001 – present)
Big Sister for Big Brother/Big Sister, DeKalb, IL (1999 - 2003)
Volunteer, Adopt-a-Family Program, Austin, Texas (1997 - 1998)
Volunteer tutor for Children-at-Risk, Dallas, Texas (1992 - 1993)
Dallas Junior Chamber of Commerce
o Awarded Outstanding Young Women of America by the National Jaycees, 1986 and 1987
o Elected Officer of the Year by the Jaycees of Dallas, Texas, 1987
o Elected Jaycee of the Year by the Jaycees of Dallas, Texas, 1986
o Secretary, 1987 – 1988;Treasurer, 1986 – 1987; Member, 1984 - 1989
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