November 6, 2009

Accounting Research Toolbox Surpasses 10,000 Views

BEL's Library Guide (aka Libguide) on accounting research resources hit a milestone this week: it has surpassed 10,000 views since its debut on July 24, 2009. It was created as a one stop research place for the Accountacy faculty and doctoral students.

The Accounting Research Toolbox is number one amongst all of the University Library's 421 guides. It has 10,045 views, which means accounting information is crucial to our scholars at Illinois.

Here's the link to the guide.

Also, do visit BEL's FiRST Guide (finance) and SMaRT guide (business administration) too!

Posted by Becky at 2:38 PM

September 14, 2006

BEL Salutes: Professor Theodore Sougiannis

UIUC College of Business just announced today in an e-mail issued by Dean Ghosh:

Professor Theodore Sougiannis has been appointed KPMG Distinguished Professor of Accountancy. By conferring the KPMG Professorship on Professor Sougiannis, the College recognizes and celebrates his many contributions in the field of Accountancy and to his department and the College.

Professor Sougiannis, or “Theo” as he is fondly known, joined the College in 1990, after receiving his Ph.D. from the University of California at Berkeley. Earlier he graduated from the University of Pireaus (Greece) and received M.B.A and M.A. degrees from York University in Canada. Theo’s research focuses on the use of accounting numbers in stock market valuations, the choice of financial accounting rules, and accounting regulation. His research papers in these areas—often at the interface of accounting and finance—have had significant impacts on the literature and the understanding of accounting phenomena.

Social Science Research Network has ranked Professor Sougiannis's co-authored paper, "A Comparison of Dividend, Cash Flow, and Earnings Approaches to Equity Valuation" as number 5 in number of downloads. To see the abstract of that paper, click here.

BEL congratulates Professor Sougiannis in his accomplishments, and he is our first UIUC Accountancy Professor be to saluted!

Posted by Becky at 11:03 AM

June 29, 2006

Google's 'Checkout' Swipes at Paypal

From Bit-Tech News:

For everyone out there using Paypal as their personal money transferrer, there's a new game in town. Google has recently brought its new Checkout service online, partnered with (read: sponsored by) CitiGroup Financial.

Google Checkout uses a revenue model very similar to Paypal, but with a slightly different fee structure. Rather than paying 1.9% and $0.30 in transaction fees, a seller would pay 2% and $0.20 in transaction fees.

Though the difference seems miniscule, the change can generate considerable savings for eBayers and other small shops that do lots of small transactions, as opposed to a few big ones.


Posted by Becky at 1:53 PM

June 20, 2006

Gulf urged to harmonise financial standards

By Shakir Husain, Staff Reporter, Gulf News:

Dubai: Cross-border investment in the Gulf will soar if members of the Gulf Cooperation Council (GCC) harmonise accounting, auditing and financial reporting standards, a top econ-omist said yesterday.

Chief economist of Dubai International Financial Centre, Nasser Saidi, said International Financial Reporting Standards (IFRS) must be made mandatory for publicly listed firms.

"The GCC is moving towards market integration and countries must harmonise accounting standards. It will boost investor confidence and encourage cross-border investment," he told Gulf News.

Read the rest here.

Posted by Becky at 1:13 PM

IASB Chairman Calls For Accounting Standards Convergence by 2011

June 20, 2006 - Sir David Tweedie, chairman of the International Accounting Standards Board (IASB), sees small differences in worldwide accounting standards within five years. reports that Robert Herz, the Financial Accounting Standards Board (FASB) chairman, predicts that within three to five years, U.S. and international accounting standards will be virtually interchangeable.

Read the rest at

Posted by Becky at 1:05 PM