Peggy Bishop Lane

Peggy Bishop Lane
  • Senior Lecturer of Accounting

Contact Information

  • office Address:

    1314 Steinberg Dietrich Hall
    3620 Locust Walk
    Philadelphia, PA 19104-6365

Links: CV

Overview

Dr. Peggy Bishop Lane is a Senior Lecturer of Accounting and former Vice Dean of the Wharton MBA Program for Executives and Adjunct Professor of Accounting.  Before joining the MBA Program for Executives, she directed the academic experience for the full-time MBA Program as Deputy Vice Dean of Academic Affairs for 11 years. Professor Lane teaches Introductory Accounting to first-year Executive MBA students. She is the recipient of numerous teaching awards, including “Tough, but we’ll thank you in five years.” Previously, Professor Lane was a member of the faculty at New York University’s Stern School of Business, where she was awarded the Eli Kushel Accounting Education Award for Excellence in Teaching. Her research interests include firms’ incentives to use accounting accruals to manage their financial reports, particularly in the financial services industry, which stems from her experience as an officer and analyst for First Republic Bank (now part of Bank America). Professor Lane earned her Ph.D. in Accounting from Northwestern University and a Bachelor of Business Administration in Finance from Texas Christian University. She previously served on the board of directors of the Graduate Management Admissions Council.

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Research

Teaching

Current Courses (Fall 2025)

  • 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.

    ACCT6130001 ( Syllabus )

    ACCT6130002 ( Syllabus )

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  • ACCT1010 - Acct & Financial Report

    This course is an introduction to the basic concepts and standards underlying financial accounting systems. Several important concepts will be studied in detail, including: revenue recognition, inventory, long-lived assets, present value, and long term liabilities. The course emphasizes the construction of the basic financial accounting statements - the income statement, balance sheet, and cash flow statement - as well as their interpretation.

  • 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.

Awards and Honors

  • The Pillar of Wharton Administration Award, 2024
  • University of Pennsylvania Whatever It Takes award, 2008
  • Tough but we’ll thank you in five years Core Teaching Award, 2007-2009
  • Commitment to Excellence Award, Hurricane Katrina efforts, 2005
  • Tough but we’ll thank you in five years Core Teaching Award, 2004-2005
  • MBA Core Curriculum Teaching Award, 1998

    Activity

    Latest Research

    Catherine M. Schrand and Peggy Bishop Lane, MBA Companion to accompany “Financial Accounting” by Libby, Libby, Short (: The McGraw-Hill Companies, 2004)
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    Wharton Magazine

    At the Head of the Class

    New vice deans state their plans for the new school year.

    Wharton Magazine - 10/24/2013

    Wharton Stories

    Headshot of Edmund Reese. He is wearing a beige blazer over a grey checkered shirt.EMBA Student Demonstrates the Benefits of Sponsorship at Work

    For Edmund Reese, applying the lessons he’s learning on class weekends at Wharton to his daily work at American Express during the week has been the most gratifying component of the program thus far. …

    Wharton Stories - 01/11/2023
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