Li Wang, Ph.D.

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Education:

• Ph.D., Kent State University, Kent, Ohio
• M.B.A., The University of Akron, Akron, Ohio
• B.B.A., Morehead State University, Morehead, Kentucky (Magna Cum Laude)

Professional Training

• Certified Public Accountant (CPA)
• Certified Management Accountant (CMA)

Biography

Professional & Academic Experience:

Academic Experience

• 2013 – Present Associate Professor, School of Accountancy, The University of Akron.
• 2007 – 2013 Assistant Professor, School of Accountancy, The University of Akron.
• 2006 – 2007 Assistant Professor, Department of Accountancy, Xavier University.
• 2002 – 2006 Teaching Fellow, Department of Accounting, Kent State University.

• Undergraduate courses taught:
  • Introduction to Financial Accounting
  • Introduction to Managerial Accounting
  • Intermediate Accounting I
  • Intermediate Accounting II
  • Auditing

• Graduate course taught:
  • Accounting for Managerial Action/Evaluation
  • Auditing

Professional Experience

• 1998 – 2002 Corporate Headquarters, Brown Forman Corporation, Louisville, Kentucky
  • Conducted reviews and audits to ensure accuracy, compliance with GAAP, tax, legal entity structures, and appropriate internal controls
  • Provided financial services to senior management
  • Managed special projects, such as foreign exchange analysis, intercompany-profit analysis for international subsidiaries, bonus analysis, and strategic development projects
  • Controlled all accounting activities associated with assigned foreign subsidiaries
• 1996 – 1998 Corporate Headquarters, Timken Company, Canton, Ohio
  • Prepared business plans and financial forecasts
  • Provided analytical services to senior management on variance analysis, benchmarking analysis, and strategy reviews
  • Presented quarterly financial results to senior executives and external auditors
  • Assisted in capital budgeting model revision
  • Assisted in Hyperion Financial Forecast system implementation
  • Prepared financial statements in both local currency and USD for the assigned international units
  • Prepared corporate consolidated financial statements according to GAAP
  • Assisted in the implementation of Hyperion reporting and consolidation system

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Research Accomplishments

Research and Publications

• "The Mixed Attribute Model in SFAS 133 Cash Flow Hedge Accounting: Implications for Market Pricing" (with S. Makar and P. Alam). Review of Accounting Studies, 2013 (forthcoming).
• "Past Control Risk and Current Audit Fees" (with T. Calderon and T. Klenotic). Managerial Auditing Journal, 2012 (forthcoming).
• Evaluating FX Risk Management Strategy: The Limits of Accounting Information" (with S. Makar and P. Alam). Journal of Corporate Accounting & Finance, 2011.
• "Derivative Use and Accounting Regulation Change: Does SFAS No. 133 Hedge Accounting Affect Currency Risk Management Decisions?" Advances in Quantitative Analysis of Finance and Accounting, 2010, in press (with S. Makar and P. Alam).
• "Analyzing Late SEC Filings for Differential Impacts of IS and Accounting Issues". International Journal of Accounting Information Systems, 2010, in press (with J. Cao, T. Calderon, and A. Chandra).
• "Does IT outsourcing deliver economic value to firms?" Journal of Strategic Information Systems, 2010 19: 109-123 (with K. L. Gwebu and J. Wang).
• "The Aftermath of Information Technology Outsourcing: An Empirical Study of Firm Performance Following Outsourcing Decisions". Journal of Information Systems, 2008 22(1): 125 – 149 (with K. L. Gwebu, J. Wang and D. X. Zhu).
• "Information Technology Capability: Firm Valuation, Earnings Uncertainty and Forecast Accuracy". Journal of Information Systems, 2007 21 (2): 27 – 48 (with P. Alam).
• "The Value Relevance of Derivative Disclosures by Commercial Banks: A Comprehensive Study of Information Content under SFAS Nos. 119 and 133". Review of Quantitative Finance and Accounting, 2005 25 (4): 413 – 427 (with P. Alam and S. Makar).

Awards

• 2009 - Second Place, Andrews Best Paper Award, American Accounting Association Ohio Region Conference.
• 2006 - Outstanding Academic Achievement, Phi Beta Delta, the Honor Society for International Scholars.
• 2005 - Best Doctoral Student Manuscript, American Accounting Association Ohio Region Conference.
• 2005 - Third Place, Doctoral Student Manuscript, American Accounting Association Ohio Region Conference.
• 2004 - Best Doctoral Student Manuscript, American Accounting Association Ohio Region Conference.
• 2004 - American Accounting Association Doctoral Consortium Fellow
• 2002 - Employees’ Choice Award, Brown-Forman Corporation.
• 2001 - Employees’ Choice Award, Brown-Forman Corporation.
• 1997 - Certificate of Achievement, Timken Company.
• 1990 - First Place Scholarship, Qingdao University.
• 1991 - First Place Scholarship, Qingdao University.