Join us for a special evening with Professor Haresh Sapra, Leon Carroll Marshall Professor of Accounting.
Event Details
Accounting Standards – Rules-Based or Principles-Based?
Haresh Sapra
Leon Carroll Marshall Professor of Accounting, Chicago Booth
Professor Sapra studies the real effects of accounting measurement policies, disclosure regulation, and corporate governance.
Join Chicago Booth and Prof. Sapra in Zurich for an enlightening talk on accounting standards. Accounting is usually viewed as a language of business and all firms – regardless of their business model – report to their stakeholders using this common language. Professor Sapra will give a talk on his current research on accounting standards which sheds light on the following issues:
- Why do all firms need to report to outsiders using a common language? Or should firms be allowed to report their operations using whatever language best fits their business model? What are the trade-offs?
- If there is indeed a need for a language, how should that language be optimally designed? For example, to what extent should these standards be rules-based, i.e., based on precise guidance such as bright-lines and to what extent should they be principles-based, i.e., based on management's professional judgement?
This event is hosted by the Chicago Booth Alumni Club of Zurich and UBS, and we look forward to welcoming Booth alumni, current and admitted students at this special event.
Program:
18:30 Registration
18:45 Lecture and Q&A
19:45 End of Lecture
Speaker Profiles
Haresh Sapra (Speaker)
Leon Carroll Marshall Professor of Accounting, Chicago Booth
Haresh Sapra studies the real effects of accounting measurement policies, disclosure regulation, and corporate governance. His current research deals with issues of disclosure, transparency and financial reporting for financial institutions. For example, how do accounting measurement rules impact the optimal design of prudential regulation for financial institutions? What are the costs and benefits of disclosing banks' stress tests results? His research has been published in journals such as The Accounting Review, Journal of Accounting Research, and Games and Economic Behavior. He is a certified public accountant in Illinois and teaches financial accounting to Executive students, an MBA elective on Mergers and Acquisitions and Corporate Restructuring Issues to full time and part time students and a PhD course on the economic modeling of accounting issues.
At Chicago Booth, Sapra has won numerous teaching awards. In 2005, Sapra was named one of the top-ranked professors in BusinessWeek's Guide to the Top Business Schools. In 2005, Sapra also won the Ernest R. Wish Accounting Research Award for his paper "Do Mandatory Hedge Disclosures Discourage or Encourage Excessive Speculation?"
Sapra earned a PhD in Business Administration in 2000 from the University of Minnesota and then joined the Chicago Booth faculty in 2000.
Sapra is an accomplished runner who has competed in over twenty marathons.