McLelland

On the interdisciplinary science of accounting ( ... em relação à interdisciplinaridade das ciências contábeis)

Links on this site ...

What this site is about ...

Welcome to a site largely devoted to exploring what I think is a somewhat nonstandard view of accounting: Accounting is simply one component in the business information supply chain along with IT, estimation methods (statistics and econometrics), and a broad set of decision sciences (e.g., microeconomics, marketing, finance, production management, etc.). An important implication of the view is this:

Accounting information--as the term is commonly used--is not necessarily information at all, it is most often just data. Accounting data becomes information only after it is processed into information for input into a particular decision model.

If you find the proposition interesting, read on! (If you don't, read on anyway: There are a few hopefully interesting digressions as well ...) Cheers, MMc

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"Annular eclipse", Outer Hebrides
Hebrides Photos | Martin Collins

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Regarding the narrator ...

"I could be wrong, I could be right ... " from Rise (Lydon/Laswell)

But anyway ... I presently teach Advanced Financial Accounting (A422, A562), and Accounting Information Systems and Auditing (A565), Forensic Accounting (A572, Spring semester), and Intermediate Financial Accounting (A311, Spring semester) at Indiana University in Bloomington, Indiana, USA (3.5 hours or so south of Chicago). I've previously taught courses in financial accounting and analysis, auditing, and managerial accounting at Michigan State University, University of Illinois at Chicago, Purdue University; as well as asset pricing theory, financial modeling and forecasting, and business valuation at Indiana University (through its online programs).

My research focuses on how equity traders use financial statement components subject to managerial discretion, how managers use such discretion optimally, and on equilibrium models of professional labor markets. My research has been published in Review of Accounting & Finance and Managerial Finance, and I've written a number of monographs included in professional publications and books.

In addition to my academic experience, I also have over 15 years of professional experience from employment in public accounting, commercial credit (analysis), and consulting. My experience includes work in financial accounting, financial analysis and modeling, and econometric analysis for firms in the manufacturing, food processing, technology, real estate, and financial services industries, as well as financial institutions and their regulatory agencies.

I still consult on such matters occasionally, but most of my recent consulting work relates to financial modeling, econometric analysis, forecasting, equity valuation and portfolio construction.

Some of my basic perspectives on accounting are summarized in a transcript of an interview I gave to Beta Alpha Psi a number of years ago.

Thank you very much for your interest in the site. I hope you find it as useful and enjoyable in the reading as I do in the writing!

Best regards,

Malcolm McLelland

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