Richard Kochanek

Accounting


Education/Professional Certification

  • Ph.D., University of Missouri, 1972
  • M.B.A., University of Massachusetts, 1966
  • B.S.. University of Massachusetts, 1965

Areas of Expertise

  • Financial Accounting
  • External Reporting

Awards

  • Kappa Kappa Gamma Outstanding Professor of the Semester, November 2012
  • 2008-2009 Accounting Professor of the Year, as voted by Senior Accounting Majors, April 2009
  • Finalist, Undergraduate Student Government Professional ExcellenceAward, April 2009
  • Faculty of the Year Award, Alpha Lamba Delta National Honor Society, February 2007.
  • Hall of Fame Inductee, University of Connecticut School of Business, May 2006
  • 2004-2005 Outstanding Educator of the Year, awarded by the Academic Affairs Committee of the University of Connecticut Undergraduate Student Government, April 2005
  • Outstanding EMBA Professor, University of Connecticut, 2001
  • Joint AICPA/AAA Collaboration Award, for “Introduction to a Profession” seminar series, most outstanding course in US involving academics and practitioners, November 1997.
  • Northeast Region of American Accounting Association “Hall of Fame”, April 1994
  • University of Connecticut Teaching Fellow, 1993-94
  • Outstanding Graduate Teaching Award, University of Connecticut School of Business, 1994
  • Outstanding Undergraduate Teaching Award, University of Connecticut School of Business, 1993
  • Beta Alpha Psi Outstanding Undergraduate Accounting Professor, 1992-93, 1983, 1982, 1981
  • Alumni Association Excellence in Teaching Award, University of Connecticut, 1988
  • United Technologies Corporation Outstanding Undergraduate Professor, 1986
  • University Honors Program; selected as one of three University professors to deliver “last lecture” seminar, 1985
  • University Honors Program; Outstanding Professor in Business Award, 1983-84
  • Mite Corporation; Outstanding MBA Professor Award, 1981-82
  • Delta Sigma Pi; Outstanding Professor in School of Business Award, 1982

Publications

  • Reprint of Case: “Cash Flow Analysis for the Charter Company,” Kochanek and Norgaard, Financial Accounting and Corporate Reporting: A Casebook, Ken Ferris (ed.) (Homewood, IL: Irwin, 1995).
  • “Analyzing the Components of Operating Cash Flow: The Charter Company,” with C. Norgaard, Accounting Horizons, 1988.
  • “Funds Statement: Why the Focus has Changed from Working Capital to Cash Flow,” with C. Norgaard, FE: The Magazine for Financial Executives, January 1987, 27-30.
  • “Tax Preference Leases: Evaluating the Costs and Benefits,” with M. Hussein, FE: The Magazine for Financial Executives, January 1986, 9-12.
  • “Improving the Image of the CMA: Learning from the United Kingdom Experience,” with B. Prodham and H. Wyman, Management Accounting, November 1985, 38-43.
  • “Student Perceptions of Alternative Accounting Careers- Part II,” with C. Norgaard, The CPA Journal, June 1985, 26-32.
  • “Student Perceptions of Alternative Accounting Careers- Part I,” with C. Norgaard, The CPA Journal, May 1985, 36-43.
  • “Foreign Currency Translation SFAS No. 52 Requirements and Implications,” with C. Norgaard, Akron Business and Economic Review, Summer 1985, 6-13.
  • Book Review: “Advanced Accounting,” Bernstein and Engler, The Accounting Review, January 1983, 177-78
  • “Cash Flow – Assessing a Company’s Real Financial Health,” with E. Ketz, Financial Executive, July 1982, 34-40.
  • Book Review: “Research Committee of the ICA, Analyzed Reporting,” The Accounting Review, January 1979, 260.
  • “Perceptions of Independence: A View from the Younger Members,” with J. Corless, The Connecticut CPA, June 1978, 14-18.
  • “The New Accounting Standards for Leases,” with D. Grinnell, The CPA Journal, October 1977.
  • “Perceived Personality Characteristics Requisite to the Accountant’s Success: Two Perspectives,” with T. Kochanek, The Northeast Journal of Accounting, Spring 1977.
  • “Lifo Disclosures: Requirements and Restrictions,” with D. Grinnell, The CPA Journal, November 1976.
  • “Capabilities and Role of the Contemporary Management Accountant,” with D. Grinnell, Cost and Management, July-August 1976, 40-42.
  • Book Review: “The Nature and Purpose of Accounting,” The Accounting Review, July 1976, 695-97.
  • “Survey of Controller Attitudes Toward Interim Financial Reports,” The Connecticut CPA, March 1976, 8-11.
  • “Segmental Financial Disclosure and Security Prices – a Reply,” The Accounting Review, October 1975, 822-25.
  • Summary: “Bullish on Interim Reports,” Financial Executive, May 1975, 9.
  • “Perceived Personality Characteristics Requisite to the Accountant’s Success: Two Perspectives,” University of Connecticut, Working Paper No. 1, 1975.
  • “Current Developments and Issues: Disclosures in Interim Financial Reports,” The Connecticut CPA, September 1974, 31- 32.
  • “Accounting Hints: Financial Reporting,” with D. Grinnell, Connecticut Business Industry, July 1974, 31-32, 48.
  • “Segmental Financial Disclosure and Security Prices,” The Accounting Review, April 1974, 245-258.
  • Course Outline: “Advanced Accounting,” Accounting Trends VII (Innovating Accounting and Information System Course Outlines from 34 Universities), Thomas Burns, (ed.) (New York, NY: McGraw-Hill, 1974), 23-25.

Textbooks

  • Financial Accounting, A Focus on Analysis and Interpretation, Seventh Edition, with Hillman,  (Cengage Learning, 2010), 710 pages. Major revision with IFRS and FASB Codification. Many actual company examples and problems. Supporting materials: Solutions Manual.
  • Financial Accounting, Sixth Edition, with Hillman and Barsky,  (Thompson Publishing, 2006), 749 pages.   Supporting materials: Solutions Manual.
  • Financial Accounting Database, 2007 Edition, with Hillman and Barsky (Thompson Publishing, 2006), 34 pages.
  • Financial Accounting Database, 2006 Edition, with Hillman and Barsky (Thompson Publishing, 2005), 34 pages.
  • Financial Accounting Database, 2005 Edition, with Hillman and Barsky (Thompson Publishing, 2004), 34 pages.
  • Financial Accounting Database, 2004 Edition, with Hillman and Barsky (Thompson Publishing, 2003), 34 pages.
  • Principles of Accounting, Ninth Edition, with Hillman and Barsky, (DAME Publishing/Thompson Learning, 2004), 1,100 pages.   Supporting materials:  Solutions Manual, Test Bank.
  • Financial Accounting, Fifth Edition, with Hillman and Barsky,  (DAME Publishing/Thompson Learning, 2003), 800 pages.   Supporting materials: Solutions Manual, Test Bank, Study Guide.
  • Financial Accounting Database, 2003 Edition, with Hillman (Houston, TX: DAME Publishing, 2002), 34 pages.
  • Financial Accounting Database, 2002 Edition, with Hillman (Houston, TX: DAME Publishing, 2001), 34 pages.
  • Principles of Accounting, Eight Edition, with Hillman and Barsky, (DAME Publishing/Thompson Learning, 2000), 1,200 pages.   Supporting materials:  Solutions Manual, Test Bank.
  • Financial Accounting, Fourth Edition, with Hillman and Barsky,  (DAME Publishing/Thompson Learning, 2000), 800 pages.   Supporting materials: Solutions Manual, Test Bank, Study Guide.
  • Financial Accounting Database, 2001 Edition, with Hillman (Houston, TX: DAME Publishing, 2000), 30 pages.
  • Financial Accounting Database, 2000 Edition, with Hillman (Houston, TX: DAME Publishing, 1999), 26 pages.
  • Financial Accounting Database, 1999 Edition, with Hillman (Houston, TX: DAME Publishing, 1998), 26 pages.
  • Principles of Accounting, Seventh Edition, with Hillman and Norgaard, (Houston, TX: DAME Publishing, 1997), 1,340 pages.   Supporting materials:  Solutions Manual, Test Bank.
  • Financial Accounting, Third Edition, with Hillman and Norgaard, (Houston, TX: DAME Publishing, 1997), 900 pages.   Supporting materials: Solutions Manual, Test Bank, Study Guide.
  • Financial Accounting Database, 1998 Edition, with Hillman (Houston, TX: DAME Publishing, 1997), 26 pages.
  • Principles of Accounting, Sixth Edition, with Hillman and Norgaard, (New York, NY: Harcourt Brace Jovanovich, 1992).  Supporting materials:  Solutions Manual.
  • Financial Accounting, Second Edition, with Hillman and Norgaard, (New York, NY: Harcourt Brace Jovanovich, 1992). Supporting materials: Solutions Manual, Study Guide.
  • Financial Accounting, First Edition, with Hillman and Reynolds, (New York, NY: Harcourt Brace Jovanovich, 1990). Supporting materials: Solutions Manual, Test Banks, Achievement Tests, Instructor Teaching Manual.
  • Principles of Accounting, Fifth Edition, with Hillman and Reynolds, (New York, NY: Harcourt Brace Jovanovich, 1989). Supporting materials: Solutions Manual, Test Banks, Achievement Tests, Instructor Teaching Manual.
  • Principles of Accounting, Fourth Edition, with Hillman and Reynolds, (The Dryden Press, 1987).  Supporting materials: Solutions Manual, Test Banks, Achievement Tests, Instructor Teaching Manual.
  • Co-Contributor, Chapter 10 – Inventory Transactions, Edmonds, McKinnon, and McCrary, Principles of Accounting, (Dame Publications, 1985).

Current & Prior Positions

  • University of Connecticut, 1972 – Present
    • Emeritus Professor, August 2003 – Present
    • Accounting Department Head, January 1997 – August 2003
    • Acting Accounting Department Head, September 1996 – December 1996
    • Professor of Accounting, 1987 – Present
    • Associate Dean of Academic Programs, School of Business Administration, 1988 – 1992
    • Acting Accounting Department Head, Spring 1984
    • Faculty Intern, Price Waterhouse & Company, Summer 1981
    • Associate Professor of Accounting, 1977 – 1987
    • Assistant Professor of Accounting, 1972 – 1977
  • Graduate Teaching Assistant, University of Missouri, 1969 – 1971
  • Instructor, Sacred Heart University, 1966 – 1969

Committees & Professional Service

  • Nation, Region, and State
    • Board Member; Accounting Program Administrators Group (APLG)
    • Chair of AACSB Accounting Program Review at University of Virginia, November, 2003
    • Chair of “New Chairs Seminar Program” 2002. APLG Annual Meeting, Austin, Texas
    • Chair of AACSB Accounting Program Review at University of Tennessee, January, 2002
    • Appointed to three-year term as a member of Accounting Accreditation Committee of AACSB
    • Advisory Board, Manchester Community College Accounting Department, 1993-present
    • Director of Manuscripts, Hartford Chapter of Institute of Management Accountants, 1980-present
    • American Accounting Association, National Meeting, 1989-90, Plan and implement “Research Forum” at annual meeting
    • Member, Accreditation Team, Western Connecticut State University, 1990
    • Chair, Northeast Region Meeting of the American Accounting Association, 1978
  • University of Connecticut
    • Member, Teaching Institute Advisory Board, 1993-1996
    • Member: University of Connecticut Alumni Association, Faculty Excellence Sub-Committee
    • Chair, SBA Dean Search Committee, 1992
    • Member, University Honors Program Committee, 1983-1987
  • School and Department
    • Develop and draft plan for 5th year, Master of Science Program in Accounting, 1995-96
    • Accounting Department Strategic Planning Committee, 1996
    • SBA PTR Committee, Chair, 1993, 1994; Member, 1973-75, 1979-81, 1984-86
    • Accounting Department Curriculum Development Chair, 1992-96
    • MBA Programs Committee, Chair, 1988-1992
    • MBA Admissions Committee, 1984-1992
    • Accounting Department Honors Faculty Advisor, 1981-87
    • Facilities and Equipment Committee, 1984-87
    • Long-Range Planning Committee, 1986-87
    • Task Force on Health Care Specialization Program, 1983-1985
    • Placement Head Selection Committee, 1983-84
    • Management Development Task Force, 1980-82
    • Scholarship Task Force, Chair, 1977-78
    • Task Force on SBA Colloquia, 1974-75
    • Course and Curricula Committee, 1973-75, 1980-81
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