The Center for Accounting Research and Education hosted the first in a series of annual seminars on the research, teaching and practice of financial statement analysis and valuation last April in Braselton , Ga. The conference drew 152 university professors and professionals from North America, Europe and Asia , who discussed such topics as how analysts forecast earnings and the role of financial statement analysis in enterprise performance evaluation.
Katherine Schipper, business administration professor at Duke University and until recently a member of the Financial Accounting Standards Board, and Trevor Harris, managing director at Morgan Stanley, each moderated panel discussions.
“Academic research in accounting has reached an exciting stage where it is making a growing contribution to investment practice,” said Harris. “These conferences provide an important vehicle for communicating these contributions and for encouraging relevant future contributions.”
The second conference in the series will be held April 20 and 21, 2007 in California 's Napa Valley . “We hope to have a discussion about how academics can influence the usefulness of the information that's provided in company accounting reports,” said Professor Peter Easton, academic director of the Center.