LSU ACCOUNTING PROFESSORS RECEIVE GRANT TO SUPPORT RESEARCH

April 15, 2008

LSU E. J. Ourso College of Business Accounting Professors Agnes Cheng, Ourso Distinguished Chair of Accounting, and Ken Reichelt, KPMG Peat Marwick Developing Scholar, served on a research team led by Kaye Newberry, professor in the University of Houston’s Bauer College of Business. The team was awarded $25,000 as part of a grant program supported by the International Association for Accounting Education and Research and KPMG.
           
This award was one of only five given by the organizations and was the only grant extended to an American research team. The IAAER Research on Defining, Recognizing and Measuring Liabilities Grant Program supports research that helps the International Accounting Standards Board make more informed decisions when identifying and measuring liabilities.
           
The subject of the team’s research is “Leverage and Cost of Equity Capital—An Empirical Test of Various Definitions of Liability and Fair Value Measurement.” Its findings were presented initially at a conference in London in 2007 and will be presented again at two conferences in the U.S. this year.
           
For more information about the E. J. Ourso College, visit www.bus.lsu.edu.