Wayne Guay

Current Courses (Fall 2024)

• ACCT6130 - Fin And Mngl Acct

  This course provides an introduction to both financial and managerial accounting, and emphasizes the analysis and evaluation of accounting information as part of the managerial processes of planning, decision-making, and control. A large aspect of the course covers the fundamentals of financial accounting. The objective is to provide a basic overview of financial accounting, including basic accounting concepts and principles, as well as the structure of the income statement, balance sheet, and statement of cash flows. The course also introduces elements of managerial accounting and emphasizes the development and use of accounting information for internal decisions. Topics include cost behavior and analysis, product and service costing, and relevant costs for internal decision-making. This course is recommended for students who will be using accounting information for managing manufacturing and service operations, controlling costs, and making strategic decisions, as well as those going into general consulting or thinking of starting their own businesses.

  ACCT6130003 ( Syllabus )

  ACCT6130004 ( Syllabus )

• ACCT9420 - Research In Acct Iii

  This is Part III of a theoretical and empirical literature survey sequence covering topics that include corporate disclosure, cost of capital, incentives, compensation, governance, financial intermediation, financial reporting, tax, agency theory, cost accounting, capital structure, international financial reporting, analysts, and market efficiency. Please contact the accounting doctoral coordinator for information on the specific upcoming modules/topics that will be taught.

  ACCT9420301 ( Syllabus )

All Courses

• ACCT3990 - Independent Study

  Intensive reading and study with some research under the direction of a faculty member. Approval from one of the departmental advisers must be obtained before registration. Also a 3.4 average in major related subjects required.

• ACCT6130 - Fin and Mngl Acct

  This course provides an introduction to both financial and managerial accounting, and emphasizes the analysis and evaluation of accounting information as part of the managerial processes of planning, decision-making, and control. A large aspect of the course covers the fundamentals of financial accounting. The objective is to provide a basic overview of financial accounting, including basic accounting concepts and principles, as well as the structure of the income statement, balance sheet, and statement of cash flows. The course also introduces elements of managerial accounting and emphasizes the development and use of accounting information for internal decisions. Topics include cost behavior and analysis, product and service costing, and relevant costs for internal decision-making. This course is recommended for students who will be using accounting information for managing manufacturing and service operations, controlling costs, and making strategic decisions, as well as those going into general consulting or thinking of starting their own businesses.

• ACCT9410 - Research in Acct II

  This is Part II of a theoretical and empirical literature survey sequence covering topics that include corporate disclosure, cost of capital, incentives, compensation, governance, financial intermediation, financial reporting, tax, agency theory, cost accounting, capital structure, international financial reporting, analysts, and market efficiency. Please contact the accounting doctoral coordinator for information on the specific upcoming modules/topics that will be taught.

• ACCT9420 - Research in Acct IIi

  This is Part III of a theoretical and empirical literature survey sequence covering topics that include corporate disclosure, cost of capital, incentives, compensation, governance, financial intermediation, financial reporting, tax, agency theory, cost accounting, capital structure, international financial reporting, analysts, and market efficiency. Please contact the accounting doctoral coordinator for information on the specific upcoming modules/topics that will be taught.

• ACCT9810 - Workshop Colloquium I

  Students attend workshops in departments outside of accounting to provide student exposure to theory, research designs and methods that are being explored outside of accounting to provide breadth of exposure to foster innovative research ideas. Students are required to attend 7 non-accounting workshops over the semester and write up a referee report for 4 of those workshop papers. They are also required to write up at least one research proposal that stems from theories or research methods gleaned from one or more of the workshops attended.

• ACCT9820 - Workshop Colloquium II

  Students attend workshops in departments outside of accounting to provide student exposure to theory, research designs and methods that are being explored outside of accounting to provide breadth of exposure to foster innovative research ideas. Students are required to attend 7 non-accounting workshops over the semester and write up a referee report for 4 of those workshop papers. They are also required to write up at least one research proposal that stems from theories or research methods gleaned from one or more of the workshops attended.

• Wharton MBA Core Curriculum Teaching Award, 2015
• Best Paper Award, Australian Journal of Management, 2011
• Best Paper Award – The Accounting Review Article of the Year, selected by the Financial Executive Research Foundation, 2002
• Wharton Undergraduate Excellence in Teaching Award, 2002
• Best Paper Award – second prize, Journal of Accounting & Economics Conference, 2001
• WorldatWork Compensation Research Camp, 2001
• American Compensation Association Research Grant, 1997-1998
• Deloitte & Touche Doctoral Fellow, 1997

• Volkswagen Just Nuked The Public’s Trust In Companies Trying To Save The Planet, Huffington Post - 09/21/2015
• Why Disgraced CEOs Get Insanely Generous Payout Packages When They’re Fired, Time - 09/11/2015
• Putting your money where your mouth is: companies link green goals to pay, The Guardian - 06/26/2014
• CEO PAY Average pay of local corporate chieftains rose last year; shareholders seem more interested in own returns than in curbing executive compensation, San Diego Union-Tribune - 06/09/2013
• Shareholders Cut CEO Pay in Backlash, ABCNews.com - 05/21/2012
• CEO pay rises again in 2011, while workers struggle to find work, USA Today - 03/28/2012
• Prof. of Accounting Wayne Guay writes an op-ed about whether US companies should be forced to disclose CEO pay ratios (subscription may be required)., Financial Times - 09/07/2010
• The opposition’s rebuttal remarks, Economist - 08/15/2010
• Picking Big ‘Peers’ to Set Pay: Executive Compensation Is Often Skewed by Comparisons, The Wall Street Journal - 08/17/2009

Knowledge at Wharton

• Why Do CEOs Get Paid So Much? A New Rule Offers More Transparency, Knowledge at Wharton - 6/13/2023
• How Companies Are Working to Curb Insider Trading, Knowledge at Wharton - 7/6/2021
• Will a Global Minimum Corporate Tax Work?, Knowledge at Wharton - 6/22/2021
• When Tax Strategies Are Problematic for Firms – and Investors, Knowledge at Wharton - 3/5/2019
• What Silicon Valley Can Learn from the Theranos Fraud Case, Knowledge at Wharton - 3/19/2018
• Wells Fargo: What It Will Take to Clean Up the Mess, Knowledge at Wharton - 8/8/2017
• CEO Pay: Can a Tax Address Income Inequality?, Knowledge at Wharton - 12/13/2016
• Can Bonus Clawback Rules Fix Finance Industry Incentives?, Knowledge at Wharton - 5/4/2016
• Is It Possible to Defog America’s Corporate Financial Reports?, Knowledge at Wharton - 4/19/2016
• How Independent Directors Bridge the Information Gap, Knowledge at Wharton - 6/16/2015