Accounting & Information Assurance

Smith Business Close-Up: Stockpiling Cash

Thursday, Aug. 19, 2010, 7:30 p.m.; Sunday, Aug. 22, 2010, 7:30 a.m.; Monday, Aug. 23, 2010, 4:30 a.m.

Stockpiling Cash 

 
 

A recent Wall Street Journal article reported that U.S. companies have been stockpiling cash and cash equivalents. According to the Federal Reserve, cash balances at nonfinancial companies are at the highest level ($1.84 trillion) since 1952. On a different measure, Cash represents 7% of all assets, the highest level since 1963. What’s causing companies to stockpile and how will this effect the economy?

University of Maryland Business Professor Honored with Prestigious Accounting Award

College Park, Md. – August 26, 2010 — The University of Maryland’s Robert H. Smith School of Business today announced Stephen E. Loeb, the Ernst & Young Alumni Professor of Accounting and Business Ethics, was honored with the 2010 Accounting Exemplar Award for his notable contributions to professionalism and ethics in accounting education. The award is given by the Public Interest Section of the American Accounting Association.

University of Maryland Ranks No. 16 in the World for Business, Economics Faculty and Research

College Park, Md. – November 11, 2009 – The University of Maryland was recognized as No. 16 in the world for the strength of its faculty and quality of research in business and economics in the 2009 Academic Ranking of World Universities (ARWU) released Nov. 4. The rankings are compiled by the Center for World-Class Universities of Shanghai Jiao Tong University in China. The University of Maryland also ranked No. 17 in the broader field of social sciences, which includes business and economics.

Gordon Prize in Managing Cybersecurity Resources Awarded

College Park, Md. – October 14, 2009 — The University of Maryland’s Robert H. Smith School of Business today announced the recipients of the first Gordon Prize in Managing Cybersecurity Resources, an essay contest that had competitors offering innovative solutions for how to allocate resources to protect personal and sensitive data on computers and online.

Smith School Welcomes New Faculty Members

The University of Maryland's Robert H. Smith School of Business is pleased to welcome the following new faculty members for fall 2009.

Accounting and Information Assurance

  • Carolyn Levine, assistant professor; PhD, Carnegie Mellon University
  • James Staihar- Assistant Professor; PhD, University of Michigan

Decision, Operations and Information Technologies

  • Karen Gold, Tyser Teaching Fellow of statistics, UCLA
  • Canan Savaskan-Ebert, visiting assistant professor; PhD, INSEAD in Fontainebleau, France

Finance

Gordon Prize in Managing Cybersecurity Resources

In the 10 years that Lawrence Gordon, Ernst & Young Alumni Professor of Managerial Accounting and Information Assurance, has spent pondering the economic issues related to cybersecurity, the risks have changed significantly. Businesses and government agencies no longer have to worry about teen hackers taking a shot at their organizations for bragging rights. Instead, multinational corporations and government agencies are suffering cyber-attacks from organized crime, large-scale fraud, disgruntled employees and even terrorists.

CALL FOR PAPERS Sixth Annual Forum on Financial Information Systems and Cybersecurity: A Public Policy Perspective

The information revolution has not only introduced new technologies, but has fundamentally changed the way business is managed and conducted. Economic transactions increasingly take place via digital electronic activities focused primarily on the interconnectivity obtained via the Internet. A critical part of this interconnectivity is the way organizations have integrated their accounting and financial management systems with Internet–based applications.

University of Maryland Invites Essayists to Take a Byte Out of Cybersecurity

College Park, Md. – January 21, 2009 – The University of Maryland’s Robert H. Smith School of Business invites innovative solutions to one of the 21st century’s most pressing concerns – how to allocate scarce resources to protect the massive amount of personal and sensitive data available on computer networks and online. The selection committee is now accepting essay submissions for the Gordon Prize in Managing Cybersecurity Resources.

Ernst & Young Chief Ethics and Compliance Officer Visits Smith School

On Monday, October 20, 2008, Smith students learned an important lesson about ethics: “Do the right thing, and when you are not sure -- consult.” This was the central message from guest speaker Jeffrey R. Hoops, Ernst & Young’s Ethics and Compliance Officer for the Americas as well as the Chief Privacy Officer. Hoops has worked for Ernst & Young since 1974, and for most of that time advised clients on tax matters. In 2005, he was appointed to his current role, in which he originated the first ethics and compliance program at Ernst & Young.

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