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Professor

University of Central Oklahoma

About

Zane Swanson, Ph.D., CPA, ABV is an accounting professor at the University of Central Oklahoma College of Business where he teaches financial accounting courses. He is knowledgeable in business Spanish, German and French. Swanson focuses on capital markets research and has written 60+ publications. Previous to his academic career, he was an analyst in nonprofit and financial institutions.

Classes Taught

  • Introductory Financial Accounting (Undergraduate and MBA)

  • Intermediate Accounting

  • Advanced Accounting

  • Accounting Theory (MBA)

  • Financial Accounting Seminar (PhD)

  • Financial Statement Analysis (MBA)

  • Managerial Accounting (Undergraduate and MBA)

  • Consolidated Statements

  • Cost Accounting (Undergraduate Correspondence Course)

  • Accounting Practices and Procedures

  • Advanced Auditing (MBA)

  • Small Business Plans and Budgets (Internet)

  • Accounting Internship

  • International Accounting (Undergraduate and MBA)

  • Introductory Corporate Finance

  • Introductory International Finance

  • Introduction to International Business

  • Introduction to Business Valuations

Education and Certifications

UNIVERSITY OF OKLAHOMA

            Doctor of Philosophy 1991

            Major: Accounting   Minor: Finance

            Dissertation Defended: November 1991

            Dissertation Title: The Information Content of Earnings Components and Dividends.  Fran Ayres is the chair.

      UNIVERSITY OF SOUTH CAROLINA

            Master of Science International Business 1988

      CARNEGIE-MELLON GRADUATE SCHOOL OF BUSINESS

            Master of Science of Industrial Administration 1973

            Concentration in Finance and Management Science

      MASSACHUSETTS INSTITUTE OF TECHNOLOGY

            Bachelor of Science of Electrical Engineering 1971

 

Experience

ACADEMIC WORK HISTORY

  •   UNIVERSITY OF CENTRAL OKLAHOMA [Edmond, OK] - Full Professor 2008-current
  •   EMPORIA STATE UNIVERSITY [Emporia, KS] - Associate Professor 1997-2008
  •   UNIVERSITY OF QUEENSLAND [Brisbane, AUS] – Visiting Professor 2005
  •   SAINT LOUIS UNIVERSITY [St. Louis, MO] - Assistant Professor 1991-97
  •   UNIVERSITY OF OKLAHOMA [Norman, OK] - Research/Teaching Assistant 1988-91
  •   UNIVERSITY OF SOUTH CAROLINA [Columbia, SC] - Research/Teaching Assistant 1985-88
  •   CARNEGIE-MELLON UNIVERSITY [Pittsburgh, PA] - Research Assistant 1972

PROFESSIONAL WORK HISTORY

  •   PETERS & CO. [Chicago, IL] - Brokerage Senior Research Analyst 1984-85
  •   MICHAEL REESE HOSPITAL [Chicago, IL] - Operations Research Analyst 1976-84
  •   PRICE WATERHOUSE [Chicago, IL] - Consultant 1974-75
  •   FIRST CHICAGO CORP. [Chicago, IL] - Analyst 1973-74

Honors and Awards

  •  Beta Alpha Psi (initiated as a faculty member)
  •  Beta Gamma Sigma (initiated as a Ph.D. student)
  •  Researcher of the Year Award 2010 - UCO College of Business
  •  Researcher of the Year Award 2002 - ESU College of Business

Interests

In his free time, Zane Swanson reads science fiction and watches SF movies from a collection of over 100 films.

Professional and Community Involvement

  •   AICPA
  •   American Accounting Association
  •   American Finance Association
  •   Financial Management Association
  •   Institute of Electrical and Electronic Engineers
  •   Oklahoma Society of CPAs

Research, Published Work, and Scholarly Activities

 

  • PUBLICATIONS – Academic

Management Risk Incentives and the Readability of Corporate Disclosures (2018) Financial Management with Bidisha Chakrabarty, Ananth Seetharaman, and Xu (Frank) Wang

Do Covenant Violations Affect Audit Report Timeliness?(2018)International Journal of Accounting, Auditing and Performance Evaluation with Y. Zhang

Study of Going Concern Opinions (2017) Journal of Accounting, Auditing and Finance with J. Theis

Market Impact of Proved Reserves Disclosures by U.S. Publicly Held Oil and Gas Exploration and Development Companies (2017) International Journal of Accounting, Auditing and Performance Evaluation with C. Gray

Accounting Statement Footnotes Contextual Association with Firm Financial Characteristics in the Oil and Gas Industry Journal of Accounting and Finance (2016) v16(8) with A. Habibi.

A Recent Merton’s Distance to Default View of Energy Companies Oil, Gas & Energy Quarterly (2015) with J. Theis

Determinants of Dividend Payout International Journal of Business, Accounting and Finance (2014) with S. Krishnan.

Hyperbolic Browser for ERP Accounting System Pedagogy and Curriculum Management Global Perspectives on Accounting Education http://gpae.bryant.edu/~gpae/content.htm (2014)

Cash Position Forecasts Pre and Post the 2008 Market Crash. Journal of Business Strategies (Spring 2014) with R. Alltizer.

ERP Consolidated Accounting Serial Exercise. Journal of Integrated Enterprise Systems http://clcloud.com/JIES/V2N1/P006JIESV02.pdf (2013) with S. Chan

Does Balance Sheet Classification Matter? Evidence From Trust Preferred Stock. Mustang Journal of Accounting and Finance (Spring 2013) with K. Gunderson and C. Chaiao

Goodwill Impairment: A Comparative Country Analysis Academy of Accounting and Financial Studies Journal (2013) with R. Singer and A. Downs

Using XBRL to Transform Existing Financial Statements into the Proposed Presentation Format. Mustang Journal of Accounting and Finance (Spring 2013) with O. Mironova

IFRS: A Catalyst for Change in US Accounting Education ACBSP Annual Edition (2012 Vol 3) with R. Singer and J. Mack.

Knowledge Management for the Converged IASB and FASB Standards The IUP Journal of Knowledge Management (2011) with R. Freeze

The Effects of Accounting eTutor on Learning Outcomes Review of Higher Education and Self-Learning (2011) with J. Cheng.

Impact of Cash Holdings on Investment Value Central Business Review (2011) with R. Alltizer

Does the Weighted Cost of Capital Associate With Returns on Operating and Financial Assets With Investor Anticipation or Reaction?[And Do Financial Assets Reduce the Cost of Capital?] Academy of Accounting and Financial Studies Journal (2011) with V. Viinanen

ERP Curriculum Design and Competency Mapping Flow Chart, Decision Science Journal of Innovative Education (2011) with M. Hepner.

Do Restatements Change Bankruptcy Predictions? Central Business Review (2010) with J. Theis and R. Green

Prospect Theory And Firm Age. Journal of Business and Economic Perspectives (Vol 36 No 1 Spring/Summer 2010).

Intangible Assets (or Lack Thereof) Association with Firm Distress Journal of American Academy of Business, Cambridge (Vol 15 No 2 2010).

Minority Stockholder Information Relevance: Wealth Effects and/or Monitoring Academy of Accounting and Financial Studies Journal (2011).

A Model for Legal Risk Analysis Management Accounting Quarterly (Fall 2007) with K. Johnson.

How Do Firms Address Multiple Taxonomy Issues? ed. R. Debreceny, C Felden and M. Piechocki New Dimensions of Business Reporting and XBRL (2007) with G. Durler and W. Remington.

The Effect of the Private Securities Litigation Reform Act of 1995 on Accounting Conservatism  Journal of Accounting and Finance Research (Vol 13 No 3 2005) with A. Seetharaman and B. Srinidi.

Speculative vs. Non-Speculative Bond Ratings and the Value of Financial Statement Information for the Market Journal of Accounting and Finance Research (Vol 13 No 3 2005) with A. Seetharaman

To What Extent Does Learning Style Associate With Performance in Introductory Accounting? Journal of Accounting and Finance Research (Vol 13 No 2 2005) with R. Heath and D. Edmiston.

The Impact of SFAS 109 Information, at the Margin, on Merger Returns Journal of Accounting and Finance Research with R. Alltizer (2004).

The Capital Structure Paradigm {Evolution of Debt/Equity Choices} Praeger Publishers an imprint of Greenwood Publishing, Westport, CT. (2003) with B. Srinidhi and A. Seetharaman.

How Multiple-Choice Question Characteristics Influence Student Success in

   Introductory Accounting Courses Journal of Accounting and Finance Research (Summer II 2002) with R. Alltizer.

Reassessment of Contagion and Competitive Intra-Industry Effects of Bankruptcy

Announcements Quarterly Journal of Business and Economics (Summer/Autumn 2001) with P. Haensly and J. Theis.     

An Analysis of Student XBRL Project Teams: Value-Adding Educational Experiences Using Emerging Technology Review of Business Information Systems (Summer 2002) with T. Fox, G. Durler, N. Hindi and W. Remington.

REIT Risk Premium Sensitivity and Interest Rates Journal of Real Estate Finance and Economics (2002) with J. Theis and M. Casey.    

Are Investor Reactions to R&D Influenced by the Corporate Headquarter’s Location? Review of Quantitative Finance & Accounting (2002) with B. Singer.

Analytical and Empirical Evidence of the Impact of Tax Rates on the Trade-off Between Debt and Managerial Ownership Journal of Accounting, Auditing & Finance (Summer 2001) with A. Seetharaman and B. Srinidi.

Diminishing Returns to Investment: Stock Market Investor Reactions Business Research Yearbook (2001).

Electronic Commerce Viability by Industry Group Mountain Plains Journal of Business and Economics www.mountainplains.org/articles/mpa8.html (October 2000) with W. Remington, B. Foltz and T. Moores.

The Incremental Information Content of Operating Cash Flows and Accruals The Journal of Accounting and Finance Research (Winter 2000) with Don Vickrey, Donn Vickrey and C. Bettis.

Securitizing Eastern Europe’s External Bank Debt Multinational Finance Journal (December 1998) with C. Korth and B. Singer.

Factors Affecting the Dividend-Earnings Relation Journal of Accounting and Finance Research (Winter 1998) with R. Alltizer.

An Empirical Examination of the Effect of Taxes on New Oil and Gas Development Oil & Gas Energy Quarterly (December 1998) with R. Alltizer.

How the Market Views Leverage Data From Financial Statements Ed. Cheng-Few Lee Advances in Quantitative Analysis of Finance and Accounting Vol. 6 (1998).

‘No-Load’ Dividend Re-investment Plans Review of Financial Economics (1998 Index Issue) with P. Steinbart.

A Comparison of Academics’, Practitioners’ and Users Perspectives’ Toward the Research of Accounting Practice Critical Perspectives on Accounting (August 1998) with N. Gross.

Alternative Modes of Study Group Formation and Student Examination Performance The Accounting Educators’ Journal(Fall 1998)with N. Gross and Kramer.

A Framework for an Accounting Information Systems Curriculum Review of Accounting Information Systems (Summer 1998) with T. Fox and W. Remington.

The Extent of Disclosure in Annual Reports: A Longitudinal and Cross-Sectional Study of U.S. Manufacturing Companies Journal of Accounting and Finance Research (Spring 1998) with K. Phillipich and A. Seetharaman.

A Comparative Study of Banking Systems Between the U.S. and Japan The Journal of Business Economics Research (October 1997) with B. Singer and S. Kim.

An Options Pricing Theoretical Relation Between Earnings and Market Returns Journal of Accounting and Finance Research. (Spring 1997).

Small Firm Information Releases,Cash Positions, and Security Price Reactions Journal of Financial Statement Analysis (Spring 1997)with Donn Vickrey.

Forecasting Small Firm Cash Positions: An Assessment of the Predictive Ability of FASB 95 Disclosures Journal of Accounting and Finance Research.(Fall 1996) with Donn Vickrey.

Leverage Information for Stocks During a ‘Deleveraging’ Period. Journal of Accounting and Finance Research (Spring 1995).

  • PUBLICATIONS - Practitioner

    On Pro Forma Earnings Disclosures CPA Focus of OSCPA(Nov/Dec 2014) with C. Gray (CPE questions included)

    Additional Training Needed for GAAP Codification Research CPA Focus of OSCPA(July/Aug 2014) with C. Gray

    Accounting Standards Codification (ASC) Best Practices CPA Focus of OSCPA (September 2012) with R. Alltizer

    What Language are you speaking? CPA Focus of OSCPA(July/Aug 2011) with R. Alltizer

    IFRS Conversion Affects University Accounting Education CPA Focus of OSCPA(May/June 2011) with M. Teal.

  • PUBLICATIONS - Professional

    YOUR HOME IS A GOOD PLACE, INC., with Kevin Coulson, Ivey Management Services Press (2009).

    XBRL: Financial Reporting and the General Ledger, Hot Topic Essay, Wiley (2009).

    Test Bank for 6th edition of International Accounting and Multinational Enterprises by L. Radebaugh, S. Gray and E. Black, Wiley (2006).

    Instructor’s Manual for 6th edition of International Accounting and Multinational Enterprises by L. Radebaugh, S. Gray and E. Black, Wiley (2006).

    Test Bank for 9th edition of Advanced Accounting by F. Beams, J. Anthony, R. Clement and S. Lowensohn, Prentice Hall (2006).

    Test Item File for 9th edition of Introduction to Financial Accounting by C. Horngren, G. Sundem, J. Elliot and D. Philbrick, Prentice Hall (2006).

    Instructor’s Manual for 5th edition of International Accounting and Multinational Enterprises by L. Radebaugh and S. Gray, Wiley (2002).

    Test Bank for 5th edition of International Accounting and Multinational Enterprises by L. Radebaugh and S. Gray, Wiley (2002).

    Instructor’s Resource Manual for 2nd edition of Financial Accounting: A Decision Making Approach by T. King, V. Lembke and J. Smith, Wiley (2001).

    "Business Consulting Practice Aids" MSCPA Asset (August 1994).

 

Teaching Philosophy

            I believe that I am a highly effective classroom teacher for three major reasons.  First, I teach to the stated objective of the class according to the knowledge level of the students.  This precept is consistent with the UCO general education philosophy of engaging students.  I specifically design the classroom activities, homework experiences and tests to the material and student knowledge levels.  I believe student motivation is a key factor in student success.  I use a variety of  techniques to maintain interest and generate feedback including student pair exercises.  I generally gather written feedback at the end of class from students on the most important issue that they learned and what was most difficult to them.  I use student study groups for this feedback purpose. Student study groups are important for the UCO collaborative / cooperative learning environment principle.  Student interaction helps them see how to grasp knowledge in the learning process.  In the following class, I address their questions in general and by example.  I also utilize study groups with active learning critical thinking in-class activities.

            Intermixed in my lecture power points are “response ware” questions which enable me to keep up-to-date information about students’ comprehension and give them feedback.  If the class exceeds a bench-mark poll level on a question, then I congratulate them and move on.  If they do not score highly, then I pause and discuss supporting learning material.  In the spirit of student contact and interaction, students can check their class averages through D2L at any time.   I also make every effort to grade assignments / exams so as to return them at the class meeting following the due date or exam.  When a student gets a grade below passing, then a note is written on the exam paper to see me after class.  Students with an “A” grade receive a congratulation of “very good” on the exam.  I get no complaints from prompt processing of student exams and assignments which also minimizes my end-of-term grade corrections to about zero.  One can check my very few grade corrections on this point.  

            Secondly, each class gets proper preparation.  My syllabi always clearly state the overall purpose of the class and specific learning objectives.   The syllabi are organized to the day throughout the entire semester and the syllabi are followed closely.    In each learning module, the students are given my direction during the first half of the section.  The first step in each module is always to make available handouts of classnotes or Powerpoints so that students have an outline of the material to be covered.   Then in the second half of module coverage, student assignments are discussed and reviewed.  Thus, with proper planning, students receive diverse approaches to learning objectives and professional implications. My resume speaks for itself that I have kept current with knowledge by publishing applied and pedagogy articles in journals.  I also have been involved with textbook publishers by writing an instructor manual, test banks and faculty support material. 

            The third concept is that I practice continual improvement.  I review student comments of each semester and then design one change to address the weakest part of my evaluations while keeping all the things that are generating good ratings.  I believe that I will always use the continual improvement process in the future.  I think that its every semester application makes my teaching effectiveness better all of the time and that I will always find room for improvement for the students.

The views expressed by UCO faculty and staff on their personal websites and social media pages do not necessarily reflect the positions of the University of Central Oklahoma. UCO faculty and staff are advised to follow the university’s social media guidelines and are expected to conduct themselves in accordance with policies outlined in UCO’s Employee Handbook and/or Faculty Handbook.