James McKeown

Color portrait of James McKeown

Professor Emeritus

Department Accounting
Office Address 354 BUSINESS BUILDING
Phone Number 814-865-1809
Email Address jcm12@psu.edu

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Professor James McKeown is currently Mary Jean and Frank P. SmealChaired Professor of Accounting. Previously at Penn State he held thetitle of Distinguished Professor (1989-92) and the Ernst & YoungProfessor of Accounting (1992-99). Before coming to Penn State, hetaught at the University of Illinois where he held the Weldon PowellProfessorship and the A.C. Littleton Professorship, and received theUndergraduate Instructional Award, the Weldon Powell Achievement Award,and the Fred Roedgers Research Award. He is the recipient of theAmerican Accounting Association 2003 Outstanding Accounting EducatorAward and the Penn State 1998 Graduate Faculty Teaching Award.ProfessorMcKeown is a member of the American Accounting Association (Auditing,Financial Accounting and Tax Sections), the Decision SciencesInstitute, and the Institute of Management Accountants. He serves asAssociate Editor for the Journal of Quantitative Finance andAccounting(1989-present) and previously for The AccountingReview(1989-93). He also serves as a member of the editorial board forthe Journal of Accounting, Auditing and Finance (1994-present) and asan ad hoc reviewer for various academic journals. Professor McKeown wasa research consultant to the Objectives Study Group of the AICPA,performed research under contract to the Financial Accounting StandardsBoard and KPMG Research Opportunities in Auditing research grants. Hedirected the development and implementation of a four-course managementinformation systems concentration for accounting and businessadministration, and PLATO-IV instructional materials for the entireelementary accounting sequence.


Accounting theory. Research methods in accounting. Effects of accounting, forecasting, governmental and non-profit accounting. Economic effects of taxation.


Ph D, Accounting, Michigan State University, 1969

BS, Mathematics, Michigan State University, 1966

Courses Taught

ACCTG 597K (4)
Formal courses given on a topical or special interest subject which may be offered infrequently; several different topics may be taught in one year or term.

ACCTG 590 (99.9)
Continuing seminars which consist of a series of individual lectures by faculty, students, or outside speakers.

ACCTG 471 (3)
Theory and practice issues in income concepts and value measurement; GAAP; revenues, costs, assets, liabilities, and equities. Students may not receive credit for both ACCTG 150 and 471.

B A 574 (99.9)
A project paper, comparable in quality and scope of work to a graduate thesis, on problems of a company.

ACCTG 507 (3)
Theoretical basis of financial accounting.

ECON 496 (99.9)
Creative projects, including research and design, which are supervised on an individual basis and which fall outside the scope of formal courses.

ACCTG 596 (99.9)
Creative projects, including nonthesis research, which are supervised on an individual basis and which fall outside the scope of formal courses.

ACCTG 597A (4)
Special topics course.