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713-522-7911

Dr. John Simms Associate Professor
Accounting
713/942-3446
simmsj@stthom.edu

Dr. John Simms teaches financial accounting and managerial accounting. His areas of research include managerial accounting, performance evaluation, budgeting and control, corporate governance, ethics, financial accounting and reporting, financial analyst behavior.

Areas of Expertise
Accounting Convergence, Cultural Imperialism, Accounting Conflicts

Degrees

  • Doctor of Philosophy - Business Administration-ACCT - University of Houston (2006)
  • Master of Science - Accounting - University of Houston (1999)
  • Bachelor of Arts - Radio and Television - University of Houston (1997)

Publications

  • "The ABC’s for the (Very) Small Business"
    Today's CPA
    A scaled down strategy for the implementation of activity-based costing is presented as an affordable alternative for start-ups and other small firms. A two-pass factor analysis method is described to develop cost pools and activity rates, allowing for the development of cost models applicable to the small business environment.
    (2013) Vol. 40 Page 11
  • "Common Sense as Corporate Culture"
    Journal of Business Case Studies
    A discussion of the problems associated with the implementation of FAS 157 and inherent risk for small- to-medium sized firms in the mortgage industry. Emphasis is placed on components of corporate culture and an example is provided using Network Funding, L.P., a Houston-based mortgage banking firm.
    (2012) Vol. 8 Page 4
  • "Legal and Ethical Implications of the Foreign Outsourcing of Tax Return Preparation"
    International Business and Economics Research Journal
    In recent years, the outsourcing of tax preparation to foreign service providers has grown substantially. The benefits of outsourcing include lower costs and obtaining additional assistance during the busy tax season. However, some have raised both legal and ethical questions regarding this process. Arguments against the practice include problems related to ensuring confidentially of the information transmitted and the inability to adequately supervise personnel in foreign locations. This paper explores the legal concerns and ethical questions regarding outsourcing in light of the Gramm-Leach-Bliley Act, the Internal Revenue Service requirements, and the American Institute of Certified Public Accountant’s Code of Professional Conduct. In addition, the paper summarizes the most recent pronouncement of the AICPA on the subject.
    (2010) Vol. 9 Page 7
  • "The Effect of FAS No. 157 on Accounting Convergence"
    Journal of Global Business Development
    Financial Accounting Standard No. 157 – Fair Value Measurements [5] has attempted to consolidate and standardize the use and applicability of fair market value in U.S. GAAP. This is in accordance with the overarching goal of achieving convergence with international accounting standards as issued by the International Accounting Standards Board. FAS 157 has not profoundly changed practice as dictated by earlier standards. However, the consolidation process has revealed that one of the differences that still exists between U.S. GAAP and International Financial Reporting Standards (IFRS) is the fundamental definition of fair market value. This paper examines some of the implications of the differences in the definition of fair market value, cultural and historical factors that contribute to the differences, and obstacles that still need to be overcome before full convergence can be accomplished.
    (2009) Vol. 2 Page 12
  • "Opportunities in International Accounting Education Presented by the Current Financial Crisis"
    Journal of Business & Leadership: Research, Practice and Teaching
    As the market has reacted to the subprime and financial crisis, the interrelated nature of the current global economy provides numerous opportunities for international accounting education. In this discussion, three interrelated aspects are examined: 1) significant changes in debt-to-equity positions in major U.S. financial institutions as compared to those in other markets; 2) mark-to-market accounting according to FAS 157 as compared to 3) IAS 39 measurement and disclosure requirements. First, the change in financial leverage of major U.S. financial institutions during the period from 2002 to 2007 is compared to that of selected major overseas financial institutions. Possible causative factors are discussed, as well as implications to liquidity and solvency in terms of asset mark-downs leading to packaged hedging instruments becoming classified as “toxic.” Then, a comparison of U.S. financial reporting standards and international financial reporting standards (IFRS) is presented and related to the current financial crisis. The role of FAS 157 in relation to changes in debt-to-equity positions is discussed in the context of the effect on international financial markets. The effects of international reporting standards, whether moderating or magnifying, on international financial institutions are discussed.
    (2009) Vol. 1 Page 13
  • "Executive Compensation at AIG: A Report on U.S. and Overseas Press Coverage"
    "Purpose: To examine major U.S. and overseas media coverage of the AIG executive compensation and the government bailout. Approach: A review of news stories from print, broadcast and web-based sources are classified by tone: positive, ambiguous, or negative. Results: Overseas sources are generally more negative than U.S. sources. Limitations: The sample necessarily represents a small portion of news sources available, focusing on business as opposed to general news. The rating of tone is necessarily subjective in part. Value: This study presents very current events and the topics are of vital importance to business leaders as well as the public at large. Key Words: Media, AIG, Bailout, Compensation"
    Decision Sciences Institute (2009) Page 21
  • "History and Culture: The Long View of Convergence"
    "This paper discusses often overlooked factors that have contributed and are contributing to the complexity and resulting difficulty in exporting and importing accounting standards. Even with an increased pervasiveness of technological sophistication and information availability, historical and cultural characteristics are described as natural laws and shown to still exhibit significant influence in the form of cultural inertia and momentum. The historical development of spheres of cultural influence are described, and examples of resulting business practices that affect acceptance of imported standards are provided in the context of Sarbanes-Oxley. The logical framework is then reversed and applied to the acceptance of international standards for use in the U.S. markets."
    American Accounting Association (2009) Page 23
  • "Online Auctions: A study of Bidder Satisfaction"
    Despite the immense popularity of online auction websites, the existing literature provides little understanding of what causes users to choose one auction site over another. One way to examine this is to explore users’ satisfaction with auction websites. The current study extends past literature on user computing satisfaction to evaluate bidder satisfaction from the usage of online auction websites. A greater understanding of bidder satisfaction can facilitate better future website design, thus increasing the profitibility and success of the online auction industry.
    Proceedings of the 16th Annual Meeting of the Amer (2009) Vol. 16 Page 14
  • "Online Auction Website User Satisfaction"
    Journal of Electronic Commerce Research
    (2009) Vol. 10 Page 56-75
  • "Opportunities in International Accounting Education Presented by the Current Financial Crisis"
    As the market has reacted to the subprime and financial crisis, the interrelated nature of the current global economy provides numerous opportunities for international accounting education. In this discussion, three interrelated aspects are examined: 1) significant changes in debt-to-equity positions in major U.S. financial institutions as compared to those in other markets; 2) mark-to-market accounting according to FAS 157 as compared to 3) IAS 39 measurement and disclosure requirements. First, the change in financial leverage of major U.S. financial institutions during the period from 2002 to 2007 is compared to that of selected major overseas financial institutions. Possible causative factors are discussed, as well as implications to liquidity and solvency in terms of asset mark-downs leading to packaged hedging instruments becoming classified as “toxic.” Then, a comparison of U.S. financial reporting standards and international financial reporting standards (IFRS) is presented and related to the current financial crisis. The role of FAS 157 in relation to changes in debt-to-equity positions is discussed in the context of the effect on international financial markets. The effects of international reporting standards, whether moderating or magnifying, on international financial institutions are discussed.
    American Society of Business and Behavioral Scienc (2009) Page 11

Presentations

  • "Ex Corde in the Classroom" (2010)
    CSB Brownbag Series
    Pope John Paul II issued the Ex Corde Ecclesiae describing the role of the Church and its teachings in a Catholic University. Ex Corde is philosophically concise and intensely relevant to what we do as professional communicators in a faith-based institution. How can we provide a means for our students to incorporate seemingly antithetical ideas? By introducing Ex Corde in the beginning of a course, it can be used as an outline to explicitly develop a framework through which to view and analyze business operations. The goal is to show students how to let their principles drive their business decisions, and their values drive their professional relationships.
  • "Executive Compensation at AIG: A Report on U.S. and Overseas Press Coverage" (2009)
    40th Annual Meeting
    "Bonuses paid to the executives of AIG have received extensive coverage in the press. This paper examines representative articles, comparing the tone from different parts of the world. The tone is assessed as positive, neutral, or negative (valence frames) and cultural factors are discussed as an influence in global financial reporting."
  • "The Effect of FAS No. 157 on Accounting Convergence" (2009)
    11th International Conference
    Financial Accounting Standard No. 157 – Fair Value Measurements [5] has attempted to consolidate and standardize the use and applicability of fair market value in U.S. GAAP. This is in accordance with the overarching goal of achieving convergence with international accounting standards as issued by the International Accounting Standards Board. FAS 157 has not profoundly changed practice as dictated by earlier standards. However, the consolidation process has revealed that one of the differences that still exists between U.S. GAAP and International Financial Reporting Standards (IFRS) is the fundamental definition of fair market value. This paper examines some of the implications of the differences in the definition of fair market value, cultural and historical factors that contribute to the differences, and obstacles that still need to be overcome before full convergence can be accomplished.
  • "Opportunities for International Accounting Education Presented by the Current Financial Crisis" (2009)
    16th Annual Conference
    As the market has reacted to the subprime and financial crisis, the interrelated nature of the current global economy provides numerous opportunities for international accounting education. In this discussion, three interrelated aspects are examined: 1) significant changes in debt-to-equity positions in major U.S. financial institutions as compared to those in other markets; 2) mark-to-market accounting according to FAS 157 as compared to 3) IAS 39 measurement and disclosure requirements. First, the change in financial leverage of major U.S. financial institutions during the period from 2002 to 2007 is compared to that of selected major overseas financial institutions. Possible causative factors are discussed, as well as implications to liquidity and solvency in terms of asset mark-downs leading to packaged hedging instruments becoming classified as “toxic.” Then, a comparison of U.S. financial reporting standards and international financial reporting standards (IFRS) is presented and related to the current financial crisis. The role of FAS 157 in relation to changes in debt-to-equity positions is discussed in the context of the effect on international financial markets. The effects of international reporting standards, whether moderating or magnifying, on international financial institutions are discussed.
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