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Mahendra R Gujarathi

Professor, Accountancy
Adjunct Faculty, Indian Institute of Management, Ahmedabad
Ph.D., Indian Institute of Management, 1981
MCom (Master of Commerce), University of Pune, 1974
BCom (Bachelor of Commerce), University of Pune, 1972
Office: Adamian Academic Center 218 | 781.891._3408 | mgujarathi@bentley.edu
| Department Fax: 781.891.2896
                       


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Bio

Dr. Mahendra Gujarathi, Ph. D., CPA is the Rae D. Anderson Professor of Accountancy and coordinator of financial reporting curriculum at Bentley University. Over the teaching career spanning over a quarter century, he has designed and delivered several new courses in the areas of domestic and international financial reporting, strategic cost management, and analysis of financial statements. He is the 2006 recipient of the university-wide Adamian Award for Teaching Excellence and 2008 recipient of the Innovation in Teaching Award. In 2010, he received the MBA Award for Excellence in Teaching and Outstanding Scholarly Contribution Award. Dr. Gujarathi has published two monographs, over thirty articles in academic and professional journals, numerous conference proceedings, articles in popular business press, and book chapters. He is or has served on several editorial review boards including Accounting Educators’ Journal, Review of Accounting and Finance, Accounting Education, and International Journal of Accounting, and has been active in the teaching and curriculum section, and the international section of the American Accounting Association. Dr. Gujarathi was recently listed amongst the top five most frequent contributing authors of articles in accounting education journals. His case “Diamond Foods, Inc.: Anatomy and Motivations of Earnings Manipulation” received the Emerson Ethics Award at the North American Case Association annual conference in 2013. He has done consulting and in-company executive education assignments for several organizations including United Nations, Brown Brothers Harriman & Co., Cummins, Cairn India, Larsen and Toubro, Commonwealth of Massachusetts and Indian Oil. A certified public accountant, Dr. Gujarathi earned a PhD in accounting, finance and control from the Indian Institute of Management, Ahmedabad. He has taught at several academic institutions in their undergraduate, graduate and executive development programs. A native of India, Dr. Gujarathi resides in Wellesley, MA.

Teaching Interests

Financial Accounting; International Accounting; Financial Statement Analysis; Managerial Accounting, Management Control Systems

Research Interests

Earnings Management; Accounting Education; Foreign Exchange Risk Management; International Financial Reporting

Consulting/Practice Interests

Finance for non-finance managers, Introduction to U.S. GAAP, International Financial Reporting Standards, Financial Statement Analysis, Strategic Cost Management, Performance measurement and control

Professional Memberships

American Accounting Association
International Association of Accounting Education and Research

Awards and Honors

2013, Emerson Ethics Award, Emerson Center for Business Ethics at Saint Louis University and North American Case Research Association
2010, Outstanding Scholarly Contribution Award, Bentley University
2010, Excellence in MBA Teaching Award, Bentley University
2008, Innovation in Teaching Award, Bentley University
2006, Adamian Award for Teaching Excellence, Bentley University
2001, Bentley Curricular Service-Learning Faculty Award, Bentley University
1997, Best Education Paper Award, Western Region of American Accounting Association
1988, Professor of the Year, Accounting Department, University of Connecticut

Publications

Journal Articles
Barua, S. K., Gujarathi, M. R. Global Economic Meltdown: Legacy of Monetary Policies and Accounting Standards. Vikalpa, the Journal for Decision Makers, 34 (3), 9-14. Forthcoming

Gujarathi, M. R., Yezegel, A. Spectacular Airlines, Inc.: Evaluating the Financial and Business Implication of the Transition to IFRS. Issues in Accounting Education. Forthcoming

Gujarathi, M. R. (2012). Super Electronics, Inc.: Financial Reporting of Sales Incentives and Vendor Allowances Using FASB Codification. Issues in Accounting Education, 27 (2), 461-474.

Gujarathi, M. R. (2012). Max-Value Stores, Inc.: Financial Reporting of Gift Cards. Issues in Accounting Education (27 (3)), 783-798.

Gujarathi, M. R., Noga, T. J. (2012). Regal Hair Salon: Tax and Financial Reporting of Gift Cards . Journal of Accounting Education , 30, 131-142.

Gujarathi, M. R., McQuade, R. J. (2009). Amazing Deals Auto Mart - Financial Reporting and Analysis of Receivables and Securitization. Issues in Accounting Education, 24 (1 (February 2009)), 77-91.

Gujarathi, M. R. (2008). Sachiko Corporation: A Case in International Financial Statement Analysis. Issues in Accounting Education, 23 (1), 77-101.

Gujarathi, M. R. (2007). GlaxoSmithKline Plc. - International Transfer Pricing and Taxation. Issues in Accounting Education, 22 (4), 749-759.

Gujarathi, M. R., Kohlbeck, M. (2007). Reliance Corporation: Inventory write-downs and reversals. Issues in Accounting Education, 22 (3 (August 2007)), 503-514.

Gujarathi, M. R., Govindarajan, V. (2007). Falcon Inc. Performance Evaluation of Foreign Subsidiaries. Issues in Accounting Education, 22 (2 (May 2007)), 233-245.

Gujarathi, M. R., Feldmann, D. A. (2006). Dividend Imputation Systems in Industrialized Countries: An Examination of Relative Tax Burdens. Advances in International Accounting, 19 (2006), 243-259.

Gujarathi, M. R., McQuade, R. J. (2005). Financial Aid 101. Journal of Accountancy, 200 (1 (July)), 79-84.

Gujarathi, M. R. (2005). Use of ERP Software in Accounting: A Teaching Note. Advances in Accounting Education, 7, 209-223.

Gujarathi, M. R., Hoskin, R. (2004). Modeling the Early Adoption Decision: The Case of SFAS 96. Review of Accounting and Finance, 2 (4), 65-86.

Gujarathi, M. R., McQuade, R. J. (2003). Sun Airlines Inc.: Financial Reporting of Point and Loyalty Programs. Issues in Accounting Education, 18 (4), 359-368.

Gujarathi, M. R., McQuade, R. J. (2002). Service-Earning: Extending the Curriculum. The CPA Journal, LXXII (2), 67-69.

Gujarathi, M. R., McQuade, R. J. (2002). Service Learning: Extending the Learning Experience. The CPA Journal (February 2002), 67-69.

Gujarathi, M. R., McQuade, R. J. (2002). Service Learning in Business Schools: A Case Study In An Intermediate Accounting Course. Journal of Education for Business, 77 (3), 144-150.

Gujarathi, M. R., Barua, S. K. (2001). Effectiveness of Minimum Tax Legislation and Its Effect on Corporate Financial Reporting: A Comparative Analysis Between U.S. and India. International Journal of Accounting, 26, 435-450.

Barua, S., Gujarathi, M. R. (1999). Time to Write Obituary on Par Value. Business Standard, March 16, 1999.

Barua, S., Gujarathi, M. R. (1999). Acquisitions and Accountability. Business Standard, February 27, 1999.

Gujarathi, M. R., Barua, S. (1999). Accounting Standards Needed for ESOPs. Business Standard, May 4, 1999.

Gujarathi, M. R., McQuade, R. J. (1998). Problems and Considerations in Implementing Technology-Based Solutions to Address Changes in Accounting Curricula. Advances in Accounting Education, 1, 1-23.

Gujarathi, M. R., Barua, S. K. (1998). Minimum Alternative Tax in India: Lessons to be Learned from the Foreign Use of Alternative Minimum Tax. International Tax Journal, 24 (3), 64-77.

Abdolmohammadi, M. J., Brown, C., Feldmann, D. A., Gujarathi, M. R., Haselkorn, M. (1998). Designing and Implementing an AECC Complying Introductory Accounting Course: A Four Year Perspective. Advances in Accounting Education, 1, 147-162.

Barua, S., Gujarathi, M. R. (1997). The MAT's Phoren Cousin. The Economic Times, February 24, 1997.

Barua, S. K., Gujarathi, M. R., Srinivasan, G. (1997). Lease Capitalization: Some Implications for Financial Analysis. Finance India, XI (2), 305-312.

Gujarathi, M. R., Panda, N. M. (1997). Applicability of Activity-Based Costing in Emerging Economies. The Management Accountant, 32 (6), 448-453.

Barua, S. K., Gujarathi, M. R., Verma, J. (1997). A Comparative Analysis of Response of International Capital Markets to Political Upheaval. Global Business and Finance Review, 2 (1), 51-60.

Barua, S., Gujarathi, M. R. (1996). Lease Accounting Messes Up Risk Analysis. The Financial Express, August 19, 1996.

Gujarathi, M. R., Dean, P. (1993). Problems of Recruiting and Retaining Qualified Government Accountants and Auditors in Developing Countries. Research in Third World Accounting, 2, 187-200.

Gujarathi, M. R., Raghunandan, K. (1993). Management Reporting on Internal Control. Internal Auditing, 9 (1), 13-23.

Gujarathi, M. R., Hoskin, R. (1992). Evidence of Earnings Management by the Early Adopters of SFAS 96. Accounting Horizons, 6 (4), 18-31.

Gujarathi, M. R., Saros, C. (1991). Interest Capitalization: Are Textbooks Interpreting SFAS 34 Correctly? The Accounting Educators' Journal, 128-139.

Gujarathi, M. R. (1991). Bridging the Gap in GAAP: A Case Study of Accounting for Frequent Flyer Plans. Accounting Horizons, 5 (3), 57-68.

Gujarathi, M. R., Dean, P. (1990). Training of Government Auditors in Developing Countries. International Journal of Government Auditing, 11-14.

Bedard, J. C., Gujarathi, M. R., Hoskin, R. (1989). Deferred Taxes: To Be or Not to Be (a Liability): What Do Investors Think. Connecticut CPA Quarterly, 52 (3), 10-12.

Gujarathi, M. R., Hussein, M. (1988). Optimal Depreciation Methods for Small Business Firms under the Tax Reform Act, 1986. Connecticut CPA Quarterly, 51 (4), 12-17.

Gujarathi, M. R., Biggs, S. (1988). Accounting for Purchase Commitments: Some Issues and Recommendations. Accounting Horizons, 2 (3), 75-82.

Gujarathi, M. R., Hussein, M. (1988). A BASIC Computer Program to Select Optimal Depreciation Method for Small Businesses. Computers in Accounting, 4 (6), 46-49.

Gujarathi, M. R. (1987). Using Calculators in Accounting Education. Journal of Education for Business, 62 (5), 197-200.

Gujarathi, M. R. (1987). Do New Equity Issues Fetch Extranormal Returns?," Vikalpa, the Journal for Decision Makers Vikalpa, the Journal for Decision Makers, 12, 43-50.

Gujarathi, M. R., Srinivasan, G. (1980). Shareholders' Discount Coupons - A Case of Disguised Dividends. The Chartered Accountant, 28 (9), 833-836.

Book Chapters
Gujarathi, M. R, Barua, S. K. (2003). Regulatory and Accounting Considerations for PFI Projects: U.K. Experience.  (pp. 194-201). India: . Oxford University Press

Gujarathi, M. R, Barua, S. K. (2002). Accrual Accounting for Infrastructure Assets: A Review.  (pp. 159-164). India: . Oxford University Press

Gujarathi, M. R, Barua, S. K. (2001). International Accounting Standards. In Burton S. Kaliski (Eds.),  (pp. 491-493). New York: . Macmillan Reference USA

Gujarathi, M. R, Barua, S. K. (1998). Minimum Tax Legislation: Comparative Analysis of Indian and U.S. Experience. In Jayachandran et. al (Eds.), . Macmillan

Book Reviews
Gujarathi, M. R. (2001). [Review of the book International Accounting]. Issues in Accounting Education.

Gujarathi, M. R. (1993). [Review of the book Financial Accounting]. Issues in Accounting Education.

Gujarathi, M. R. (1989). [Review of the book Intermediate Accounting]. Issues in Accounting Education.

Other(s)
Gujarathi, M. R. Performance of New Equity Share Issues: An Indian Experience. Forthcoming

Conference Proceedings and Presentations

Gujarathi, M. R.Diamond Foods, Inc.: Anatomy and Motivations of Earnings Manipulation. Presented at the 2013 Annual Meeting of North American Case Research Association, Victoria, BC, Canada.

Gujarathi, M. R.Diamond Foods, Inc.: Anatomy and Motivations of Earnings Manipulation. Presented at the 2013 Annual Meeting of the Northeast American Accounting Association, Hartford, CT.

Gujarathi, M. R., Yezegel, A. (2013). Spectacular Airlines, Inc.: Implications of the Transition to IFRS in the Context of Cross-Border Acquisitions. Presented at the American Accounting Association's 2013 Annual Meeting of American Accounting Association, Anaheim, CA.

Gujarathi, M. R., Barua, S. K. (2012). Acquisition of Hutchison Essar (India) by Vodafone (UK):. Presented at the 24th Asia-Pacific Conference on International Accounting Issues, Maui, Hawaii.

Gujarathi, M. R., Barua, S. K. (2012). Acquisition of Hutchison Essar (India) by Vodafone (UK):. Presented at the American Accounting Association's Northeast Region of AAA, Providence, RI.

Gujarathi, M. R. (2012). "Financial Inclusion & Microfinance in Developing Economies." Presented at the University Grants Commission's International Conference on Financial Inclusion & Microfinance in Developing Economies.

Gujarathi, M. R. (2011). Spectacular Airlines Inc.. Presented at the California State University's Asia-Pacific Conference on International Accounting Issues, Beijing, China.

Gujarathi, M. R., Gupta, A., Raman, K. (2011). Pension Plan Returns and the Firm's Cost of Debt. Presented at the American Accounting Association's Annual Meeting, San Francisco.

Gujarathi, M. R. (2011). "Integrated Perspectives: Experiences in Developing and Delivering a Required Course in the MBA Program." Presented at the HBS, IIMA, IIMC's Management Education, The Road Ahead (METRA), Ahmedabad, India.

Gujarathi, M. R., Gupta, A., Raman, K. (2011). "Assumed returns on pension plans and the firm's cost of debt." Presented at the Indian Institute of Management, Bangalore's IIM Bangalore Research Seminar Series, Bangalore, India.

Gujarathi, M. R. (2010). Max-Value Stores, Inc.: Financial Reporting of Gift Cards. Presented at the American Accounting Association's Northeast AAA Meeting, Burlington, VT.

Gujarathi, M. R., Gupta, A., Raman, K. (2010). Pension Plan Returns and the Firm's Cost of Debt. Presented at the Financial Management Association's FMA Annual Meeting, New York,NY.

Gujarathi, M. R., Gupta, A., Raman, K. (2010). "Assumed return on pension plans and the firm's cost of debt." Presented at the Binghamton University (SUNY)'s Binghamton University Research Seminar, Binghamton, NY.

Gujarathi, M. R., Feldmann, D. A. (2005). "Dividend Imputation Systems in Industrialized Countries: An Examination of Relative Tax Burdens." Presented at the Northeast Regional Meeting of the American Accounting Association, Tarrytown, NY.

Gujarathi, M. R., McQuade, R. J. (2001). "Implementing Service-Learning in Intermediate Accounting." Presented at the 2001 Ohio Region Meeting of the American Accounting Association, Middlebury Heights.

Gujarathi, M. R., Barua, S. K. (2001). "Effectiveness of Minimum Tax Legislation and Its Effect on Corporate Financial Reporting: A Comparative Analysis Between U.S. and India." Presented at the Annual Meeting of the American Accounting Association, Atlanta, GA.

Gujarathi, M. R., McQuade, R. J. (2001). "Implementing Service-Learning in Intermediate Accounting." Presented at the Annual Meeting of the American Accounting Association, Atlanta, GA.

Gujarathi, M. R. (2001). "Accrual Accounting for Infrastructure Assets: Implications for Developing Countries." Presented at the Thirteenth Asia-Pacific Conference on International Accounting Issues, Rio de Janeiro.

Service

Department Service
Class visitor
Committee Member for Journal List Committee, 2013 - Present
Mentor (Faculty) for Primaray Adviser, 2013 - Present
Secretary, 2005
Committee Chair for Recruiting committee, 2012 - 2013
Committee Member for Evening MBA Curriculum Meeting, 2010 - 2011

University Service
Hosted a member of the team for NEASC Visitation Committee, 2013 - 2013
Committee Member for Promotion and Tenure Committee, 2010 - 2011

Professional Service
American Accounting Association for Nominating Committee, International Accounting Section
Editor (Associate), Journal for Issues in Accounting Education, 2012 - Present
Editorial Review Board Member for Journal of Accounting Education, 2010 - Present
Editorial Review Board Member for Review of Accounting and Finance, 2009 - Present
Editorial Review Board Member for Issues in Accounting Education, 2010 - 2012
Committee Member for Outstanding Dissertation Award Committee, International Accounting Section, AAA, 2012 - 2012
Annual Program Committee for International Section, American Accounting Association, 2010 - 2011

Public Service
Acadmic coordinator for Educators Conference, Brihan Maharashtra Mandal Convention 2013, 2012 - 2013