Henock Louis
Professor
Department Accounting
Office Address 354 Business Building
Phone Number
814-865-4160
Email Address
hul4@psu.edu
Henock Louis
Professor
Department Accounting
Office Address 354 Business Building
Phone Number
814-865-4160
Email Address
hul4@psu.edu
Henock Louis is the KPMG Professor and the Head of the Accounting Department at Penn State University. His work has been published in the top accounting and finance journals. He has conducted seminars at a host of major universities worldwide and received the 2005 Excellence in Research Award from the American Accounting Association Diversity Section. He is an editor for The Accounting Review, the Accounting Horizons, and the International Journal of Accounting. He has also served on the editorial boards of the Accounting Review and the Contemporary Accounting Research, and as an ad hoc reviewer for all the major accounting and finance journals. Professor Louis holds a Ph.D. in Accounting from Ohio State University and a Ph.D. in Finance and a master’s in accounting from the University of Mississippi.
Expertise
http://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=332332
Education
Ph D, Accounting, Ohio State University, 2001
Ph D, Finance, The University of Mississippi, 1998
MS, Accounting, The University of Mississippi, 1998
MBA, Business, Andrews University, 1992
Courses Taught
ACCTG 590 – Colloquium (1)
ACCTG 597 – Special Topics (Variable)
ACCTG 481 – Fin Anal Eval Dec (3)
An accounting based evaluation and decision making approach to analyzing financial statements by studying business and firm valuation.ACCTG 481 Financial Statement Analysis (3) The proposed course in financial statement analysis is structured to improve the student's ability to extract and interpret information from actual financial statements and to expose the student to how financial statement information is integrated into equity valuation and credit analysis. The course would not only rely upon textbook-based and lecture-based learning, but also emphasize case-based learning.The course will consist of two main sections. The first will deal with accounting and business analysis. This part will explore the types of financial information data typically available for publicly traded companies and introduce a model of the economic drivers of company performance. It would incorporate some technical accounting as well as some standards business economics/strategy concepts. Students will be forced to recast financial statements that they believe do not reflect the underlying economic state of the company. Financial reporting issues relating to revenue and expense recognition, leases and consolidations will be discussed.The other section of the course will deal with firm valuation. Students would be exposed to some standard approaches to equity valuation and the analysis activities underlying these approaches. Aspects of valuation that would be covered in this section of the course are financial ratio analysis, forecasting, pro-forma statements, cost of capital and valuation methods.The course will rely on lectures and extensive use of case studies.
ACCTG 881 – Fin Stat Anlys (3)
Analysis of financial reports to identify business strategy, assess performance and economic standing, and value claims.
ACCTG 496 – Indep Studies (1)
Creative projects, including research and design, which are supervised on an individual basis and which fall outside the scope of formal courses.
ACCTG 501 – Res Meth Acctg (3)
ACCTG 596 – Individual Studies (Variable)
Creative projects, including nonthesis research, which are supervised on an individual basis and which fall outside the scope of formal courses.
ACCTG 597D – Research Methods in Accounting (1)
Research methods in accounting.
ACCTG 560 – Accounting and Business Analysis (2)
Develop ability to assess the relation between accounting data in financial statements and the economic fundamentals represented.
ACCTG 471 – Intermediate Financial Accounting I (3)
Theory and practice issues in income concepts and value measurement; GAAP; revenues, costs, assets, liabilities, and equities.
B A 574 – Business Research (variable)
A project paper, comparable in quality and scope of work to a graduate thesis, on problems of a company.
Selected Publications
Editorships
Honors and Awards
Excellence in Accounting Research, American Accounting Association Diversity Section, (Aug 1, 2005)