Mahendra Gujarathi

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 three decades, 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 at Bentley. In 2008 and 2014, he received the Innovation in Teaching Award and in 2010 and 2014, the Outstanding Scholarly Contribution Award at Bentley University. In 2010, he received the MBA Award for Excellence in Teaching.

Dr. Gujarathi has published two monographs, over forty 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, Issues in Accounting Education, Advances in International Accounting, Journal of Accounting Education, Review of Accounting and Finance, Accounting Education, and International Journal of Accounting. Dr. Gujarathi has been active in the international accounting section of the American Accounting Association. He is the President-elect of the section for 2015-16.

Dr. Gujarathi was recently listed amongst the top five most frequent contributing authors of articles in accounting education journals. He has done consulting and in-company executive education assignments for several organizations including Brown Brothers Harriman & Co., Cummins, Cairn India, Larsen and Toubro, Commonwealth of Massachusetts, Indian Oil, Novartis International AG, and United Nations.

A certified public accountant, Dr. Gujarathi earned a PhD in accounting, finance and control from the Indian Institute of Management, Ahmedabad (IIMA). He has taught at several academic institutions in their undergraduate, graduate and executive development programs and is currently associated with IIMA as Adjunct Faculty member. A native of India, Dr. Gujarathi resides in Wellesley, MA.

Education

• Ph.D. Indian Institute of Management
• MCom (Master of Commerce) University of Pune
• BCom (Bachelor of Commerce) University of Pune

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

Awards and Honors

• 2022, Ian Hague Award for Outstanding Service to the International Accounting Section, American Accounting Association
• 2022, Jim Bulloch Award for Innovation in Management Accounting Education , American Accounting Association
• 2021, Bea Sanders/AICPA Teaching Innovation Award , Honorable Mention, American Institute of Certified Public Accountants
• 2021, Dr. Gregory H. Adamian Award for Lifetime Teaching Excellence, Bentley University
• 2020, Best Paper in 2019 in Issues in Accounting Education Award, American Accounting Association
• 2020, Instructional Contribution Award, TLC Section of American Accounting Association
• 2020, Outstanding International Accounting Educator Award, International Accounting Section of American Accounting Association
• 2019, Best Paper Award TLC Section, Northeast Region of AAA
• 2019, Mark Chain/FSA Teaching Innovation Award, American Institute of CPAs
• 2018, Innovation in Financial Accounting Education Award, Financial Accounting and Reporting Section, American Accounting Association
• 2018, Mee Family Prize, Bentley University
• 2018, Outstanding Accounting Educator Award, AAA, American Accounting Association
• 2018, Teaching Innovation Award, Forensic Accounting Section, American Accounting Association
• 2018, EFMD Case Writing Competition - Category: Indian Management Issues and Opportunities, European Foundation for Management Development
• 2018, EFMD Case Writing Competition - Category: Responsible Leadership, European Foundation for Management Development
• 2018, Best Paper Award - Western Regional Meeting of AAA, TLC Section of American Accounting Association
• 2017, Runner-up, Best Teaching Case Award, Decision Sciences Institute
• 2017, Best Paper Award, Northeast AAA meeting, 2017 Northeast Region Meeting, American Accounting Association
• 2017, Teaching Innovation Award, Forensic Accounting Section, AAA, Forensic Accounting Section, American Accounting Association
• 2017, Innovation in Audit and Assurance Education Award, Auditing Section, American Accounting Association
• 2016, President, International Accounting Section, AAA, International Accounting Section of American Accounting Association
• 2015, Co-chair of the 2015 Mid-Year Meeting, International Accounting Section, AAA
• 2015, George Krull/Grant Thornton Innovation in Teaching Award , American Institute of Certified Public Accountants
• 2014, Innovation in Teaching Award, Bentley University, Bentley University
• 2014, Outstanding Scholarly Contribution Award, Bentley University
• 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, 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, AAA, Western Region of American Accounting Association
• 1988, Professor of the Year, Accounting Department, UConn, Accounting Department, University of Connecticut

Publications

Journal Articles

• Blankespoor, E., Brown, N., Clor-Procell, S., Gordon, E., Gujarathi, M. R., Henry, E., Merkley, K., Stubben, S., White, B. (2022). Response to the FASB Invitation to Comment Identifiable Intangible Assets and Subsequent Accounting for Goodwill. Accounting Horizons.
• Gujarathi, M., Dugar, A. (2020). Channel-Stuffing Reinvented: Earnings Management in Toshiba’s Personal Computers Division . Issues in Accounting Education.
• Randall, H., Grandy, G., Gujarathi, M. R., Rowe, G., Zadeh, M. (2019). Writing and Publishing Secondary Data Cases. Case Research Journal. 39 (3) 1-16.
• Gujarathi, M. R., Dugar, A. (2018). Toshiba's Creative Accounting for Construction Contracts. Issues in Accounting Education. August 117-134.
• Sheehan, N., Gujarathi, M. R., Jones, J., Phillips, F. (2018). Using Design Thinking to Write and Publish Novel Teaching Cases: Tips from Experienced Case Authors. Journal of Management Education, (42) 1 (February) 135-160.
• Sheehan, N. T., Gujarathi, M. R., Jones, J. C., Phillips, F. (2018). Using Design Thinking to Write and Publish Novel Teaching Cases: Tips from Experienced Case Authors. Journal of Management Education. 42 (1) 135-160.
• Barua, S. K., Gujarathi, M. R. (2016). Himachal Fertilizer Corporation (A), (B) and (C): An Ethical Conundrum. Case Research Journal.
• Gujarathi, M. R. (2015). Diamond Foods, Inc.: Anatomy and Motivations of Earnings Manipulation. Issues in Accounting Education, (30) 1
• Barua, S. K., Gujarathi, M. R. (2012). Global Economic Meltdown: Legacy of Monetary Policies and Accounting Standards. Vikalpa, the Journal for Decision Makers, (34) 3 9-14.
• Gujarathi, M. R. (2012). Max-Value Stores, Inc.: Financial Reporting of Gift Cards. Issues in Accounting Education. 27 (3) 783-798.
• 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., Govindarajan, V. (2007). Falcon Inc. Performance Evaluation of Foreign Subsidiaries. Issues in Accounting Education, (22) 2 (May 2007) 233-245.
• 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. (2007). GlaxoSmithKline Plc. - International Transfer Pricing and Taxation. Issues in Accounting Education, (22) 4 749-759.
• 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. (2005). Use of ERP Software in Accounting: A Teaching Note. Advances in Accounting Education, (7) 209-223.
• Gujarathi, M. R., McQuade, R. J. (2005). Financial Aid 101. Journal of Accountancy, (200) 1 (July) 79-84.
• 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 Learning in Business Schools: A Case Study In An Intermediate Accounting Course. Journal of Education for Business, (77) 3 144-150.
• 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-Earning: Extending the Curriculum. The CPA Journal, (LXXII) 2 67-69.
• 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.
• Gujarathi, M. R., Barua, S. (1999). Accounting Standards Needed for ESOPs. Business Standard, (May 4, 1999)
• Barua, S., Gujarathi, M. R. (1999). Acquisitions and Accountability. Business Standard, (February 27, 1999)
• Barua, S., Gujarathi, M. R. (1999). Time to Write Obituary on Par Value. Business Standard, (March 16, 1999)
• 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.
• 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.
• 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.
• 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.
• 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., Srinivasan, G. (1997). Lease Capitalization: Some Implications for Financial Analysis. Finance India, (XI) 2 305-312.
• Barua, S., Gujarathi, M. R. (1997). The MAT's Phoren Cousin. The Economic Times, (February 24, 1997)
• Barua, S., Gujarathi, M. R. (1996). Lease Accounting Messes Up Risk Analysis. The Financial Express, (August 19, 1996)
• Gujarathi, M. R., Raghunandan, K. (1993). Management Reporting on Internal Control. Internal Auditing, (9) 1 13-23.
• 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., Hoskin, R. (1992). Evidence of Earnings Management by the Early Adopters of SFAS 96. Accounting Horizons, (6) 4 18-31.
• 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., Saros, C. (1991). Interest Capitalization: Are Textbooks Interpreting SFAS 34 Correctly?. The Accounting Educators' Journal. 128-139.
• 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). A BASIC Computer Program to Select Optimal Depreciation Method for Small Businesses. Computers in Accounting, (4) 6 46-49.
• 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). Optimal Depreciation Methods for Small Business Firms under the Tax Reform Act, 1986. Connecticut CPA Quarterly, (51) 4 12-17.
• 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. (1987). Using Calculators in Accounting Education. Journal of Education for Business, (62) 5 197-200.
• Gujarathi, M. R., Srinivasan, G. (1980). Shareholders' Discount Coupons - A Case of Disguised Dividends. The Chartered Accountant, (28) 9 833-836.

Books

• Gujarathi, M. R., Kallapur, Sanjay, ., Gupta, Gaurav, . (2022). Special issue (Accounting in India) of the Journal of International Accounting, Auditing, and Taxation. Editors: Mahendra Gujarathi, Sanjay Kallapur, and Gaurav Gupta.

Book Chapters

• Gujarathi, M. R., Barua, S. (2019). Himachal Fertilizer Corporation (A), (B) and (c): An Ethical Conundrum In , (Eds.) Strategic Management and Business Policy: Globalization, Innovation and Sustainability. 16th edition (2019). Wheelen, Hunger, Hoffman & Bamford. Pearson. 16th edition
• Gujarathi, M. R., Barua, S. (2019). Wells Fargo: Setting the Stagecoach Thundering Again In , (Eds.) Strategic Management and Business Policy: Globalization, Innovation and Sustainability. 16th edition (2019). Wheelen, Hunger, Hoffman & Bamford. Pearson.
• Gujarathi, M. R., Barua, S. (2019). Wells Fargo: Setting the Stagecoach Thundering Again In , (Eds.) Business and Society: Stakeholders, Ethics, Public Policy. 16th edition (2019). Anne T. Lawrence and James Weber. McGraw Hill.
• Gujarathi, M. R., Barua, S. K. (2003). Regulatory and Accounting Considerations for PFI Projects: U.K. Experience In , (Eds.) . 194-201. India: Oxford University Press
• Gujarathi, M. R., Barua, S. K. (2002). Accrual Accounting for Infrastructure Assets: A Review In , (Eds.) . 159-164. India: Oxford University Press
• Gujarathi, M. R., Barua, S. K. (2001). International Accounting Standards In Burton S. Kaliski, (Eds.) . 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