From PhD Prep Track
Indiana University is located in Bloomington, Indiana. As part of the Kelley School of Business, the accounting department is regularly recognized as a top accounting program. Here is the link to information about their doctoral programs (general information) and the accounting doctoral program.
Bloomington is a very affordable town. The stipend is sufficient, given the low cost of living, that doctoral students can afford to purchase a house or condo. Alternatively, there are plenty of apartments to rent. The town is small enough that wherever you decide to live, you are within a short drive (or bus ride) to campus.
Doctoral students receive health insurance and dental insurance, but their families are not covered. You can add spouses or children to the health plan but it is expensive. Many students rely on Medicaid (called Hoosier Healthwise in Indiana) to cover their children (and their wife during pregnancy) and then purchase additional catastrophic insurance.
The Accounting Program
The accounting class portion of the Ph.D. program consists of six three-hour seminars on accounting research. The seminars are offered every other year.
The six seminars are related to capital markets research, experimental accounting research, and miscellaneous topics. Teri Yohn currently teaches capital markets, which covers such topics as the earnings-return relation, market efficiency, forecasting, accounting information and risk, disclosure and cost of capital, and other special topics like discretionary accounting estimates or financial reporting policies. The experimental accounting research seminars, currently taught by Laureen Maines and Geoff Sprinkle, are separated into individual, small groups, and market based experimental research. Within each of these areas, financial, managerial, and auditing papers are used. Experimental research using psychology and economic motivations are presented. The miscellaneous topics seminars, currently taught by Leslie Hodder and Sonja Rego, is almost exclusively archival in nature and covers the accounting choice literature, earnings management literature, taxation, and miscellaneous other topics such as compensation, institutional investors, voluntary disclosure, insider trading, mergers, and one or two days on auditing.
Other Doctoral Program Requirements
There are two summer paper requirements to be completed during the first and second years at the program. The first summer paper is usually a literature review or replication of a study. Students can do original research if they are prepared to do a project and the faculty approve it. The second year summer paper is meant to be an original research study. Often times these projects turn into coauthored papers with the faculty adviser.
Faculty Research Interests
Indiana University has research active faculty willing to work with students in the following areas:
- Archival Auditing - Marcy Shepardson, Joe Schroeder
- Archival Financial - Daniel Beneish, Leslie Hodder, Brian Miller, Salman Arif, Jim Wahlen, Brady Twedt, Jeff McMullin, Joe Pacelli, Ayung Tseng, and Teri Yohn
- Archival Tax - Sonja Rego, Brian Williams
- Experimental Auditing - Lori Bhaskar, Jamie Pratt (and various others can provide insights into this area)
- Experimental Financial - Pat Hopkins, Laureen Maines, and Jamie Pratt
- Experimental Managerial - Joe Fisher, Laureen Maines, Jason Brown, Patrick Martin, and Geoff Sprinkle
- Experimental Tax - Peggy Hite
Recent Accounting Doctoral Student Graduates and their First Placements
For a complete list see here
Indiana University has very strong supporting fields including Experimental Economics, Finance, and Psychology.
A list of Experimental Economic professors is located here. Of note, James Walker and Arlington Williams worked extensively with Nobel prize winner Vernon Smith. Arlington Williams, in particular, has published with accounting researchers and is willing to work with accountants in experimental economics.
A list of Finance faculty is included here.
A list of Psychology faculty is listed here. The psychology group is one of the top in country, especially in social psychology and cognitive psychology. If you have interest in "brain" research, Indiana University has all of the equipment necessary to conduct this type of research.
Unique Characteristics of the School
The business school recently completed renovations on the 7th floor, which is now comprised primarily of student cubicles. All business PhD students receive their own cubicle upon entering the program. After two or three years in the program, accounting students may be moved from the cubicles to a shared office with another doctoral student. The shared offices are in the same suites as the professors, so there is high interaction with faculty members on a daily basis.
LDS Church Information
The church has 3 wards and a student branch in Bloomington. The three wards belong to the Bloomington Stake which covers from Bloomington to Terre Haute, Indiana. The stake center is located in Bloomington and two wards (Clear Creek and Highland) meet in that building--the third ward (University) meets in its own building on the other side of town. There is an active institute program. The high rankings of the law school, MBA program, music program, and other Ph.D. programs attract many LDS students for graduate studies so all three wards have a high concentration of young professionals. The closest temple is the Indianapolis temple. It takes between 1 1/2 to 2 hours to drive to the temple.
- Information on Accounting Ph.D. Programs - Results from a survey conducted by AAA on Indiana University's Accounting Ph.D program.
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