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Message from the Department Head

Greetings to our alumni and friends,
We welcomed back both returning and new students with the start of school on August 17. The extensive construction will likely create some gridlock, but the beautification of campus continues. In AIM, we are excited about the new infusion of faculty talent into our ranks. In this newsletter, I want to introduce our new faculty, provide a program update and make you aware of some upcoming events.

Faculty Hires and Other News

During the 2015-16 academic year, we hired seven new faculty members. Since AIM only has 21 faculty members, we are “onboarding” hires equal to a third of our entire staff. Clearly these new hires will change the face of AIM, both literally and figuratively. On the tenure track side, we hired Linda Myers and James Myers as full, chaired professors, and Kathleen Powers as an assistant professor. As nationally known scholars, we expect the Myerses to add immeasurably to AIM’s scholarly productivity, national reputation and program rankings. Powers earned her Ph.D. from the University of Texas at Austin, one of the premier accounting Ph.D. programs in the nation. These new faculty were featured in the Spring 2016 issue of Indside AIM.

On the non-tenure track side, we hired Alycia Winegardner, Amanda Warren, Somer Chyz and Randy Johnston. Winegardner and Warren both have previous experience in public accounting, while Winegardner also served as CFO for a private company. Chyz is an attorney with both academic and professional experience who will be teaching our business law classes. Johnston is currently a senior partner with EY in Dallas. He taught a MAcc course for AIM this summer, and will be joining us full time in May 2017 upon his retirement from EY.

Finally, James Chyz was promoted to associate professor with tenure this summer. We hope that he is with AIM for many years to come.

Program Update

Our MAcc program continues to thrive. There were 99 graduates in the class of 2016, and our placement rate was 97 percent. The incoming MAcc class consists of 100 students. Two years ago, the MAcc graduating class was 69 students. My colleagues and I have significantly grown the program without sacrificing quality. In fact, I believe that our student quality is better than ever. In addition to an extremely high placement rate, AIM graduates placed fourth in the nation among public universities based on CPA exam performance during 2015.

At the undergraduate level, demand for our offerings is increasing. I have taught the first intermediate course for more than ten years and the largest cohort I have ever previously taught was 318 students. This year, I welcomed 352 students to ACC 301. Demand for our offerings is surging not because we are easy and fun but because we are rigorous and serious. Fads come and go, but quality never goes out of style.

All the accomplishments noted above require substantial resources far beyond those provided by the state of Tennessee. Our alumni and friends make all the difference. Thank you for all that you do for us. We never take it for granted.

AIM High!

Joseph V. Carcello
Department Head, Accounting and Information Management
EY and Business Alumni Professor

New Faculty

Amanda D. Warren joined AIM in fall of 2016 after working as an assurance manager in the Atlanta office of PwC, specializing in the asset management and real estate industries. She received her undergraduate and master’s degrees from the University of Tennessee, Knoxville, and is a licensed Certified Public Accountant in Georgia. Warren serves as a lecturer in the undergraduate program and teaches Principles of Accounting as well as Financial, Compliance, and Operational Auditing.

Somer Chyz joined AIM full-time in the fall 2016 following a career as an attorney. She received her bachelor’s degree from Yale University and her juris doctor from the University of Richmond. Chyz practiced law in New Mexico and Arizona, as well as Tennessee. Her legal career touched upon a variety of disciplines, including commercial litigation, white-collar prosecution and criminal defense. She currently teaches Business Law to MBA and undergraduate students, and until recently, supplemented her teaching duties by working as a staff attorney for UT College of Law’s Legal Clinic, defending criminally accused indigent and juvenile clients.

Faculty Promotion

James A. Chyz was promoted to associate professor of Accounting in the Haslam College of Business Department of Accounting and Information Management (AIM) in August 2016. Chyz joined the University of Tennessee, Knoxville, after earning his Ph.D. from the University of Arizona in 2010. Chyz earned his bachelor’s degree from Yale University and a Master's of Accounting from the University of North Carolina, Chapel Hill. Prior to completing his doctorate, Chyz worked for Grant Thornton, LLP as a tax senior. His research has examined the determinants of corporate tax policy, how taxes affect asset prices and investments, and how firm monitors impact financial reporting outcomes.

Retirement

Cathy Russell, who has been a mainstay of our office staff for 27 years, will be retiring at the end of December 2016. Russell started at AIM in September 1989, after working for the University of Tennessee, Knoxville, Army ROTC office for five years.

Russell began as a word processing specialist and advanced through her career to administrative assistant, earning several customer service awards along the way. She has been a consistently kind and helpful presence in our department. We are fortunate that in retirement, Russell will still work with us approximately once a week, so the goodbye is not final. “I have been blessed to work in such a great department with such great people for so many years,” Russell says. “I will miss everybody, but it is not goodbye.”

Ph.D. News - New Ph.D. Students

Fellipe Gomes Raymundo is a first-year Ph.D. student with research interests in financial accounting, capital markets and corporate governance. He earned his bachelor’s degree in economics from IBMEC in Brazil and his master’s degree in economics from the University of Arkansas. Raymundo worked as an equity research analyst at JGP, one of Brazil's top five independent asset management firms, and later as the head of the equity research team and as a co-portfolio manager at Appia Capital. His job involved using corporate financial statements to build equity valuation models and to provide input about fund holdings.

After working for nearly six years in industry, Raymundo decided to pursue an academic career. “During my undergraduate studies, I worked as a teaching assistant,” he says. “That experience was fundamental in helping me to decide to eventually pursue an academic career.” While doing graduate work at the University of Arkansas, he took an accounting doctoral seminar with Professor Linda Myers. During that seminar, he realized that research topics in accounting were very interesting to him, and after discussing this with Myers, he decided to pursue a career in accounting academia. Upon the recommendation of the Accounting Doctoral Committee, Raymundo received the Haslam College of Business Chancellor’s Scholarship.

Andrew Doucet is an incoming first-year doctoral student with research interests in financial reporting, earnings management and corporate governance. He earned both his bachelor’s and master’s of accounting degrees at the University of Arkansas. Prior to starting the doctoral program, Doucet interned in PwC’s assurance service line at the Fayetteville, Ark., office. Doucet also taught undergraduate Accounting Information Systems at Arkansas.

Doucet’s interest in academia began when he took Professor Linda Myers’ accounting research elective during his master’s program. “I found the open dialogue and the ability to voice opinions in class exciting,” Doucet says. “After learning about the accounting research process, I knew that a career in accounting academia was right for me.” Upon the recommendation of the Accounting Doctoral Committee, and in conjunction with the Office of the Provost of the Graduate School, Doucet was awarded the Haslam College of Business Chancellor’s Scholarship.

Warren Slagle Accounting Day
Saturday, Sept. 24, 2016

The 41st annual Warren Slagle Accounting Day will be held on Saturday, Sept. 24. Please put this date on your calendar and join us. Our guest speaker is Jimmy Cheek, outgoing chancellor of the University of Tennessee, Knoxville. Chancellor Cheek will discuss the great strides UT has made, as well as look to the future. Within a year of taking office, the chancellor set a goal for the university to become a Top 25 public research university within a decade. This aggressive initiative sparked exciting momentum around improving undergraduate and graduate education, research, campus infrastructure and additional financial resources.

Several new academic and student service buildings have been built or significantly renovated since 2009. An unprecedented $1 billion in campus construction is now underway or in the design or planning stages. A new student union, classroom and laboratory facilities, and a redeveloped residence hall village will open in the next several years. Chancellor Cheek has led great change in the university’s delivery of core services that include student advising, tutoring, mentoring and other support to help our students graduate on time and achieve their academic goals. These changes have dramatically improved retention and graduation rates and brought our metrics closer to those of our Top 25 peers.

We also will be honoring Mike Sutton as our Outstanding Alumnus at Accounting Day. Mike was a senior partner at Deloitte and later served as the chief accountant of the United States Securities and Exchange Commission.

The Vols play the Florida Gators later that day, and the winner will have the inside track to the SEC championship game. We hope to see all of you at Accounting Day!

Take 6 Class Reunion
Friday, Sept. 23, 2016

On Friday, Sept. 23, the evening before Accounting Day, we are hosting our third alumni reunion event at Club LeConte for alumni who graduated in a year ending in “6.” Dan Murphy is organizing this event for AIM, and save the date cards have already been sent. If you graduated with an undergraduate, MAcc or Ph.D. degree from AIM in 1946, ’56, ’66, ’76, ’86, ’96, ’06 or ’16, please join us at 6 p.m. in Knoxville for this event. In addition to the opportunity to reconnect with old friends and faculty, you and your guest also may enjoy a buffet dinner and cash bar. Members of AIM’s Advisory Roundtable also are invited.

Please RSVP at alumni.utk.edu/accounting2016 or (865) 974-1731. We look forward to seeing you and your guest on Sept. 23!

PYE 2015-16 Donors

List reflects cumulative gifts from July 1, 2015 – June 30, 2016

Scholarship List for 2016-17