Lucy Chen, PhD

John M. Cooney Endowed Professor in Accounting | Professor of Accounting | Villanova School of Business Villanova University

Villanova PA

Lucy Chen, PhD, is an expert in international accounting, mergers and acquisitions, goodwill impairment and fair value accounting.

Contact

Villanova University
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Media

Social

Areas of Expertise

Business

International Accounting

Goodwill Impairment

Fair Vaue Accounting

Accounting Regulation

Mergers & Acquisitions Accounting

Biography

Upholding strict accounting standards is critical to fair dealing in business. Dr. Chen is an expert in various aspects of accounting, especially international accounting, mergers and acquisitions, and fair value accounting. She can talk about the effects of globalization and increasingly complex mergers and acquisitions on the field as well as and how accounting regulation affects the average investor.

Education

Temple University

PhD

Xiamen University

Select Accomplishments

Nominee for the 2017 AAA/J. Michael and Mary Anne Cook/Deloitte Foundation Prize

American Accounting Association
2017

American Accounting Association New Faculty Consortium Fellow

2005

The McDonough Family Faculty Award

Villanova University
2017

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Affiliations

American Accounting Association
International Journal of Accounting, Auditing, and Performance Evaluation
The International Journal of Accounting

Select Media Appearances

New Accounting Rules Leave US Companies Guessing

Global Finance Magazine online

2017-09-08

The new Accounting Standards Update (ASU), otherwise known as ASC 606, is intended to reduce the differences between US Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS).

Complete implementation of ASC 606 is required for 2018 financial reporting by public companies (with an additional year for nonpublic entities). While a few have already switched to the new standard, a survey conducted earlier this year by global accounting firm EY revealed that more than 70% of listed firms had not yet completed their revenue recognition programs, and 14% had not even started assessing the new guidelines.

“[ASC 606] is a big and important change and has high implementation costs for firms,” says Lucy Chen, associate professor of accountancy and information systems at Villanova University School of Business.

“That’s also why the Financial Accounting Standards Board decided in 2015 to propose a one-year delay of the effective date.”

Research Grants

University Conference Travel Grant

Villanova University

2017

Competitive Summer Research Grant

Arizona State University

2007, 2009, 2010

Select Academic Articles

Does Incentive-Based Compensation for Chief Internal Auditors Impact Objectivity? An External Audit Risk Perspective

Auditing: A Journal of Practice & Theory

Chen, L. H., H. H. Chung, G. Peters, and J. P. Wynn

2017

Goodwill Impairment Charges and Analyst Forecast Properties

Accounting Horizons

Chen, Lucy & Krishnan, Jayanthi & Sami, Heibatollah.

2015

The Impact of Eliminating the Form 20-F Reconciliation on Shareholder Wealth: Evidence from U.S. Cross-Listed Firms?

The Accounting Review

Chen, L. H., I. Khurana