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Michael Kraten, PhD, CPASawyer Business School, Suffolk University Enterprise Management Corporation
EMPLOYMENT POSITIONS & ACADEMIC DEGREESSawyer Business School, Suffolk University – Boston, MassachusettsAccounting Professor, 2005 to Present Beta Alpha Psi Award for Teaching Excellence, 2007 Business Advisory Board Chair, Accounting Programs Awarded $36,500 in grant funding for virtual reality technology research and teaching Manuscript Reviewer: Journal of Knowledge Globalization, The Learning Organization Nominated for Bea Sanders/AICPA Innovation in Teaching Award, July 2008 and 2009 Teaching Assignments: Business Planning and Enterprise Risk Management Conducting negotiation simulation studies with graduate and undergraduate students
Enterprise Management Corporation (EMC) – Northeastern United StatesCo-founder and President, 1995 to Present Corporate research & education, strategic management consulting, and financial & operational consulting Serving on Editorial Board of The CPA Journal (NYSSCPA), 2008-11 Serving as Northeastern Region Coordinator for AAA Public Interest Section, 2007-09 Centers of excellence in negotiation, entrepreneurship, and social policy
College of Management, University of Massachusetts – Lowell, MassachusettsAccounting Professor, 2004 to 2005 Teaching Assignments: Cost Management Systems and MBA Management Accounting Redesigned both classes by implementing an entrepreneurial strategic planning framework
School of Business, University of Connecticut – Storrs, Connecticut (PhD, Class of 2004)PhD Student, Research Assistant, Accounting Instructor, and Hall of Fame Honoree, 2000 to 2004 Dissertation negotiation study with 428 participants collaborating throughout the State of Connecticut Teaching Assignments: Managerial and Financial Accounting, Information Systems (Continuing Education) Presented negotiation seminars to Executive MBA students in Stamford, Hartford, & Waterbury Also taught Auditing, Economics, Finance, and Management courses at several local colleges on “ABD” basis
BDO Seidman – New York, New YorkManagement Consulting Partner, 1994 to 1995 Merger and acquisition, strategic planning, and new business development activities Directed consulting, audit, accounting, and tax engagements
Deloitte & Touche – New York, New York“Rose Through Ranks” from Audit Assistant to Senior Consulting Associate, 1984 to 1988 & 1990 to 1994 Technology, retail, financial, manufacturing, casino, and health care client base Temporary assignments with Asian, European, and Latin American clients in Tokyo, London, and Miami
Yale University – New Haven, Connecticut (MPPM, Class of 1990)Graduate Student and Tutor in Production Management and Accounting, 1988 to 1990 Student consultant at IBM Printer Division in Lexington, Kentucky, involving planning activities for the management buy-out, spin-off, and public offering of Lexmark business operations
Baruch College (City University of New York) – New York, New York (BBA, Class of 1984)GPA 3.98, Summa Cum Laude, # 2 in Class Ranking
RECENT PUBLICATIONS & MANUSCRIPTS UNDER REVIEWRefereed Articles (i.e. double blind peer reviewed per Cabell's Directories) Original Research Studies
"The Influence of Culture on Negotiated Transfer Prices in Global Outsourcing Arrangements" has been accepted for presentation at the forthcoming Northeast Regional Section conferences of the American Accounting Association in November 2009; it is being readied for subsequent submission to the Accounting Review, the flagship publication of the American Accounting Association
"Libor Manipulation?" is now in the second round of review at the Journal of Banking and Finance
"The Big Four Audit Report: Should the Public Perceive It as a Label of Quality?" has been accepted for forthcoming publication in Accounting and the Public Interest, the flagship publication of the Public Interest Section of the American Accounting Association *
* Listed on SSRN's Top Ten download list for Behavioral and Experimental Accounting, August 2009
“Rules vs. Principles: The Surprising Impact of Personality on Auditor/Client Interactions” appeared in the April 2009 issue of the CPA Journal
“Negotiating Transfer Prices: A Managerial Accounting Approach to Integrating the Theories of Economics, Psychology, and Information Systems” appeared in the Fall 2007 issue of the Journal of Theoretical Accounting Research
“Social Presence, Power, and the Behavior of Negotiators: New Insights for Internet Communication Media” appeared in the December 2007 issue of the Journal of Digital Business
Contemporary Business Issues
"The Study Abroad Experience: A Crucial Element in Globalizing Business School Programs" is being readied for submission to the Journal of Knowledge Globalization
"Virtual Reality Systems in Academic Curricula and Corporate Training Programs" is now in the first round of review at the Journal of Digital Business
“Revisiting Monte Carlo Simulation Modeling: Client Service in an Era of Extreme Investment Volatility” appeared in the September 2009 issue of the CPA Journal
“Nurturing the Nest Egg: A Business Approach to Personal Financial Planning” appeared in the Spring 2008 issue of Pension Governance, with reprint rights granted to the Connecticut Society of CPAs
“Sixty Questions to Address Before Expanding a Business Practice: More than a Swashbuckler Approach is Needed” appeared in the January 2008 issue of the CPA Journal
“Rolling the Dice: Using Probabilistic 'Monte Carlo' Simulations to Enhance Your PFP Practice Recommendations” appeared in the September 2007 issue of the CPA Journal
Books and Other ArticlesThe book "Business Planning and Entrepreneurship: An Accounting Approach" was published by Business Expert Press for its Managerial Accounting Collection in August 2009
“Social Presence, Power, and the Behavior of Negotiators: New Media
Effects of Chat Rooms and Virtual Reality Systems” appeared in the
January 2008 proceedings of the International Conference on Enterprise
Systems for Best Management Practices (sponsored by the Global Digital
Business Society)
“Entrepreneurial Foundations: Incentive Contracting on the Basis of Social Value Added” appeared in the March 2007 issue of Family Foundation Advisor, a legal newsletter of the Civic Research Institute
“Entrepreneurial Foundations: A For-Profit Business Approach in a Non-Profit, Tax Exempt Sector” appeared in the January 2007 issue of Family Foundation Advisor, a legal newsletter of the Civic Research Institute
RECENT PRESENTATIONS AND APPEARANCESOriginal Research StudiesAAA Regional Conference, Cambridge, MA, November 2009. “The Influence of Culture on Negotiated Transfer Prices in Global Outsourcing Arrangements”
AAA National Conference, New York NY, August 2009; AAA Public Interest Section Conference, Charleston SC, April 2009. "The Big 4 Audit Report: Should The Public Perceive It As A Label Of Quality?"
AAA Regional Conference, Newport RI, November 2008. Two presentations: (1) “Social Environment of Business: Virtual Reality as a New Medium of Communication,” (2) “Advanced Auditing: Intra-Non-Big 4 Auditor Quality”
AAA National Conference, Anaheim CA, August 2008. Two presentations: (1) “Virtual Reality as a New Medium of Communication: Business Globalization and Social Presence Effects” (an Emerging & Innovative Research entry), (2) “Using Virtual Reality Technology to Create a Global Classroom”
AACSB International Conference, St. Petersburg FL, July 2008. “Using Virtual Reality Technologies: Teaching at the Crossroads of Theory and Practice”
Suffolk University Law School, Boston MA, April 2008. “Social Presence, Power, and The Behavior of Negotiators: New Media Effects of Chatroom and Virtual Reality Systems,” presentation at the Kglobal Conference sponsored by the Knowledge Globalization Institute and Suffolk University
International Conference on Enterprise Systems for Best Management Practices (sponsored by the Global Digital Business Society), New Delhi India, January 2008. “Social Presence, Power, and the Behavior of Negotiators: New Media Effects of Chat Rooms and Virtual Reality Systems”
AACSB International Conference, Baltimore MD, November 2007. “Using Virtual Reality Technologies to Explore Worlds Beyond Blackboard”
AAA National Conference, Chicago IL, August 2007. “Classrooms without walls: Using blogging and virtual reality technologies to encompass a world beyond the blackboard”
AAA Regional Conference, Hartford CT, April 2007. “Effective Learning Strategies: Virtual Reality and the Internet”
IMA National Conference, Boston MA, June 2005. “A Structural Equation Model of Resource Allocation Negotiations”
AAA Regional Conference, Tarrytown NY, April 2005. “Personality, Emotionality, and Social Presence”
AAA Regional Conference, Albany NY, April 2004. “Power, Aggression, and Electronic Media: An Exploratory Analysis of Resource Allocation Negotiations”
Contemporary Business IssuesNortheast Regional Computing Program (NERCOMP), Southbridge, MA October 2009. “Second Life: Conducting Learning Activities In Worlds Of Virtual Reality,” presentation at educational conference on technology
International Human Resources Development Corporation, Boston MA, September 2009. Designed and delivered course entitled “Financial Modeling and Petroleum Project Economics”
AAA National Conference, New York NY, August 2009, "New Media and Social Presence: Applying Emerging Communication Technologies in Audit, Managerial, and Intercultural Negotiation Studies," Emerging and Innovative Research Session
AAA National Conference, New York NY, August 2009, "The Global Classroom: Using Virtual Reality to Explore the Accounting Profession during the Freshmen and Sophomore Years," Effective Learning Strategies Session, Nominated for Bea Sanders / AICPA Innovation in Teaching Award
AICPA Tech+ Conference, Bellagio Hotel, Las Vegas NV, June 2009, "CPAs and the Virtual World of Second Life," presentation at professional conference for audience of over 500 certified public accountants
Dartmouth College, Hanover NH, May 2009, “Second Life: Exploring Learning Opportunities in Worlds of Virtual Reality,” presentation at education conference sponsored by the New England Faculty Development Consortium & the Ocean State Higher Education Administrative Network
Global Digital Business Society, Orlando FL, May 2009, "Virtual Reality Systems in Academic Curricula & Corporate Training Programs,” presentation at International Conference on Service Management sponsored by the Global Digital Business Society
Maryland Association of CPAs, Baltimore MD, March 2009, “Risk Management & Public Accounting,” developer and presenter of a continuing professional education course session within a virtual reality medium
Pension Governance Inc., Trumbull CT, March 2009, “Valuation Policies & Procedures: Practical Next Steps,” invited contributor to continuing education webinar for investment professionals
University of Adelaide, Adelaide AU (Australia), February 2009 (repeated March 2009), “Can a Virtual Classroom Help Learning?,” invited contributor to e-learning seminar
Beta Alpha Psi at Suffolk University, Boston MA, February 2009. “Life As An Entreprenuer,” presentation for Accounting Honor Society
Center for Teaching Excellence at Suffolk University, Boston MA, November 13, 2008: “Using Virtual Reality Technologies,” presentation at Mildred F. Sawyer Library
Cracow University of Economics, Boston MA, October 21, 2008. Designed and delivered seminar entitled “The American Financial System: Historical Development & Contemporary Case Applications” for CUE's Executive MBA Program
Sawyer Business School, Suffolk University, Boston MA, September 2008. Co-designed and co-delivered graduate level course entitled “Effective Career Planning in an American Business Environment” for newly arriving Asian students
University of Maastricht, Boston MA, July 2008. Designed and delivered course entitled “Managerial Accounting” for the University's International Executive Master of Finance and Control Program
International Human Resources Development Corporation, Boston MA, June 2008. Designed and delivered course entitled “Finance and Accounting for Petroleum Managers and Supervisors”
The Carey Business School at Johns Hopkins University, Baltimore MD, April 2008. “Teaching in a Virtual World,” presentation at Annual Faculty Retreat
John Hancock Financial Services, Boston MA, January 2008. Designed and delivered course entitled “Finance for Non-Financial Managers” in conjunction with Suffolk University's Executive Education program
AOTS, Tokyo, Japan, January 2008. Co-designed and co-delivered course entitled “Financial Accounting and Control” to senior managers of the Iraqi Oil Ministry
International Graduate Business Forum, Fairfield CT, April 2007. “Advent into Entrepreneurship: A Workshop on Starting and Managing Your Own Business,” presentation at Sacred Heart University
The Volunteer Center of Southwestern Fairfield County, Stamford CT, March 2007. “Proving Your Value: Calculating Social Value Added,” presentation at the Volunteer Center of Southwestern Fairfield County
Suffolk University Law School, Boston MA, March 2007. “Effective Communication Strategies: Virtual Reality and the Internet, ” presentation at the “Scholarship of Application: Integration and Connections” conference
NYS Society of CPAs, New York NY, December 18, 2006. “New Age Foundations: Transforming a Tax Exempt Sector with For-Profit Business Practices” technical session presentation to Exempt Organizations Committee
Mt. Washington Hotel at Bretton Woods, New Hampshire, August 2006. “Global Negotiations and Labor Outsourcing Strategies” presentation and simulation
Suffolk University Law School, Boston MA, March 2006. “Negotiation Under Fire,” presentation at the “Discovery: Boundaries & Connection” conference
RECENT MEDIA COVERAGETraditional MediaSuffolk Journal, Boston MA, November 5, 2008: “Suffolk Prof Invites Students to Explore Virtual World,” interview regarding learning innovations
CFO (Periodical), New York NY, September 17, 2008. “LIBOR Surge Jolts Borrowing Costs,” interview of LECG co-researcher regarding joint project investigating manipulation of LIBOR
Sacramento Bee, Sacramento CA, June 24, 2008: “Rate outlook dismal for individual health plan subscribers,” interview regarding health insurance rate setting procedures
CFA (Periodical), New York NY, March 2008. “The Plan That Didn't Bark,” journal interview article regarding valuation risk and employee pension plans
Financial Week, New York NY, November 2007. “Banks in the Frying Pan,” journal interview article regarding fair value issues and the financial statements
Suffolk Business, Boston MA, Spring 2007. “On Call: Alumni and Friends are Enthusiastic Responders,” journal interview feature regarding university's Corporate Advisory Board
Connecticut Post, Fairfield County CT, April 13, 2007. “If One Life's Not Enough, Try A Second One,” newspaper interview feature regarding virtual reality communication systems
UML News, Fall 2004. “COM Prof. Uses Simulation Games to Study Global Haggling,” newspaper interview feature
New MediaCPAs on Second Life, March 13, 2009. Recognized by the Maryland Association of CPAs for pioneering a 3-D virtual factory inventory auditing simulation ahead of a similar effort by Ernst & Young
CPAs on Second Life, January 18, 2009. Recognized by the Maryland
Association of CPAs for "groundbreaking" pedagogical activities in
virtual reality
Pension Risk Matters, October 15, 2008. “Laboring Over Libor,” award winning professional pension blog entry featuring research project investigating manipulation of Libor
Suffolk In the News, October 14, 2008. “Virtual Reality in the Classroom,” a web based feature article regarding learning innovations
MISCELLANEOUSThe CPA Journal, October 2009. Wrote letter to the editor entitled “A Profession's Identity Crisis”
Maryland Association of CPAs, October 2009 to Present. Hosting a bimonthly series of online continuing education sessions known as “Lunch and Learn with Dr. Mike”
AQPQ, January 2009 to Present. Writing and publishing a weekly newspaper column in online blog format about contemporary business events of interest to both academics and practitioners
State Department of Health of Rhode Island, June 2009 to Present. Serving as consultant and advisor to the Commissioner of the Department of Health on Capitol Hill regarding the proposed merger of the four largest statewide hospital systems in Rhode Island into a pair of mega-systems
Connecticut Society of CPAs, September 2009. Served as editorial reviewer for a six part series of presentation modules utilized by CPAs statewide in conjunction with the AICPA program “360 Degrees of Financial Literacy”
Volunteer Income Tax Assistance (VITA), February 2009. Managed the provision of free income tax preparation services at the North End Public Library in Bridgeport, CT
International Conference on Assurance and Governance at the AAA Auditing Mid-Year Meeting, January 2009. Behavioral research project involving IFRS negotiations between audit partners and CFOs cited by keynote speaker Kenneth Marshall, IFRS Director of the Americas division of Ernst & Young
The CPA Journal, October 2008. Wrote letter to the editor entitled “Improving Accounting Education”
Pension Risk Matters, April 2007. Wrote guest editorial regarding national health insurance system entitled “You Can Get Sick But Not Too Sick”
The CPA Journal, April 2007. Wrote letter to the editor entitled “Blurred Distinctions: A Good Thing”
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