USC ELAINE AND KENNETH LEVENTHAL SCHOOL OF

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USC ELAINE AND KENNETH LEVENTHAL SCHOOL OF ACCOUNTINGFanTAXtic Work!LEVENTHAL TEAM WINS NATIONALDELOITTE TAX COMPETITIONFor the first time, a five-student team from the USC LeventhalSchool of Accounting won the Deloitte FanTAXtic national tax casestudy competition. The finals, held Jan. 13-14 in Dallas, TX, includedeight teams from colleges and universities across the United Stateswho prepared and delivered a presentation on a complex, issuesdriven business tax case.Each team participating in the national competition won theDeloitte FanTAXtic contest in their respective U.S. regions. Prior tothe finals, 60 teams from 43 colleges and universities participatedin regional qualifier events held in 14 cities.“We are, of course, thrilled and very proud of this accomplishmentof our student team members,” said Leventhal Dean William W.Holder. “Their success is testament to their hard work, talent andability to function well as part of a professional team. These virtueswill stand them well as they graduate and join our profession.”“I also salute the most effective work of their faculty mentors,Professors Joe Keller and MaryAnne Sabido-Werner, whosededication and inspiration have contributed in so many ways to thequality of our academic programs here at the Leventhal School,”Holder added. “We are most fortunate to have such outstandingstudents and excellent faculty as part of our programs.”Summer 2017Prof. Thomas LinRetires After 42 YearsWHAT HAVE YOU ENJOYED MOST ABOUTBEING A PROFESSOR AT USC LEVENTHAL?There is nothing as rewarding as sharing mybroad knowledge and experience in theclassroom with students. One of the values ofbeing a USC Leventhal student is that theprofessors provide a combination ofconceptual framework and case studyorientation, so students learn how to look atthe big picture. I enjoy how USC Leventhalprofessors teach conceptual approaches toparticular problems, but students also learnreal-world aspects of business so they canblend both theory and practice.For 42 years, I have had the privilege of teaching nine differentcourses in seven different programs in the Leventhal School ofAccounting and Marshall School of Business.WHAT ARE THE MOST SIGNIFICANT CHANGES YOU HAVESEEN AT USC LEVENTHAL OVER THE PAST 42 YEARS?Forty-two years ago, USC was called “University of SpoiledChildren.” But now, people call it “University of Smart Children.”For the national rankings, USC’s accounting school has movedfrom 20th to the top five during that period.I came to USC in early September 1975. At that time, theDepartment of Accounting only had about 10 faculty members.Now we have more than 50 faculty members. In 1978, theDepartment of Accounting became the School of Accounting, andin late 1980, our undergraduate accounting program and masterof accounting program started being ranked in the top five in thenation. We also moved into the School of Accounting building. In1990, the School of Accounting changed its name to the LeventhalSchool of Accounting. I am very proud of our outstanding facultymembers and amazing staff members. That is a major reason whyI stayed at USC for so long.The winning Leventhal team consisted of Mike Shelton MBT ’17,Tiffany Soto ’18, Leighton Ko ’18, Meng Shen ’19 and Ingrid Waung’19. Professor of Clinical Accounting Joseph Keller was facultyadvisor.First place brings 2,000 in scholarships for each student on theFANTAXTIC WORK!, CONTINUED ON PAGE 16WHAT DO YOU CONSIDER YOUR GREATEST CAREERACCOMPLISHMENT?I am most proud of receiving the 2012 American AccountingAssociation’s (AAA) Outstanding Service Award. AAA recognized myextraordinary work over many years in building deep links betweenthe AAA, its members and Chinese accounting professors in the USAand in China. I established the Chinese Accounting ProfessorsAssociation of North America (CAPANA) in 1976. In 1995, I helped toPROFESSOR THOMAS LIN RETIRES AFTER 42 YEARS, CONTINUED ON PAGE 6

A Word From the DeanTo the USC Leventhal Community With the close of the2016/17 academic year,I am thrilled to report theacademic achievements ofour students and facultyand provide an updateon ongoing projectsspotlighting the dedicationof our faculty, staff andalumni.Five Leventhal studentsmade history this yearwhen they won thenational Deloitte FanTAXticTax Competition. Thecompetition included 60 teams from 43 schools. Our USCteam finished first in its regional and then in the finals againstseven other top regional teams. For some, this was their firstexposure to tax, and with the guidance of their faculty mentors,Professors Joe Keller and MaryAnne Sabido-Werner, theseprofessional and hardworking students marked a significantachievement in a challenging professional event.I congratulate all of this year’s Leventhal graduates, who weare confident bring a high level of technical and conceptualknow-how and integrity to the profession. At our graduationceremony on May 12 in Epstein Family Plaza, we proudlyrecognized 225 undergraduates and 160 MAcc and MBTstudents. We were particularly pleased that one of our alumni,Alan Fox BS ’61/LLB ’64/MS ’71/MFA ’92, gave an inspiringaddress.Our technology initiative is moving forward with curriculummodifications that are already gaining the attention of recruitersas well as other schools hoping to model our cutting-edgeapproach. Thank you to the Technology Committee faculty andchair Professor Andrew Tinseth ’94/MBA ’05 for taking on thismomentous task with aplomb.Faculty recruiting results have been outstanding. In the fall,two of the most respected and prolific accounting scholars inthe world, Richard Sloan and Patricia Dechow, will join us aschaired full professors. Along with our current outstandingresearch-active faculty, we expect Richard and Patty’s decisionto join us will have substantial positive effects on our ability toattract other outstanding faculty and doctoral students.2We also attracted Lorien Stice-Lawrence who will join us as anassistant professor this fall. Professors Shane Heitzman, ourrecruiting committee chair, Mark Soliman and Mark DeFond aswell as the entire Leventhal faculty worked tirelessly and mosteffectively in attracting these individuals to USC. Moreover,the addition of Patty and Richard brings to eight the number ofindividuals granted tenure in the Leventhal School in the pastfew years. I believe that we are well on our way to securing theacademic stature of our programs for many years in the future.All of this, of course, is attributable to the outstanding facultyalready in place.In addition to celebrating generous gifts from Jeffrey Kaplan ’68for a meeting space in our new building, from the Pollitt Familyfor the Placement and Collaborative Learning Center and fromthe Goldman Family for our Tutoring Center and BehavioralLaboratory, our building renovation plans have evolved in thelast year to incorporate new features, including a stunninggrand foyer (see below).A MATCHING GIFTCELEBRATES LIFEAND COMMUNITYScott Porter ’94/MBA ’14 and pop musicianJimmy “Taboo” Gomez come together withtheir kids’ school for USC NorrisA double Trojan with degrees from Leventhal and Marshall, a CPA anda partner with Ernst & Young’s Advisory Services, Scott Porter ’94/MBA’14 is certainly good with numbers. He recently helped turn a 1,000 giftfor the USC Norris Comprehensive Cancer Center into 3,000.The story of that financial magic is really about family and community— his kids’ elementary school and USC. And he’s here to tell it withhelp from USC Norris, where he was successfully treated for cancer fiveyears ago.On May 24, Porter was a special guest at an assembly at Mayfield JuniorSchool in Pasadena, when his daughter Brooke presented a check for 1,000 to USC Norris from funds raised by her eighth grade class of2017. With his family, Casandra ’94 (a Leventhal grad and director offinance at USC), and children, Brooke and Carson, in the assembly,Porter chatted genially, with a warm smile and the confidence of asurvivor, about his diagnosis of stage four Hodgkins lymphoma in 2011.After a nagging cough finally sent him to the doctor, doctors foundwhat they originally thought was a malignant lung tumor. Porterrecalled that while he was trying to make sense of the situation,one doctor suggested that it could be terminal, with a prognosis ofas little as six months.“I initially thought, I’m not going to see my kids get through elementaryschool,” he said.Projects like these, aimed at the advancement and growth ofour school, will keep us busy into the ensuing years. Our pursuitof innovation and excellence at Leventhal must remain constantand energetic. Thanks to all who have contributed so generouslyin so many ways to the continued development of our school.Fight on!Best Regards,William W. HolderDean, USC Leventhal School of AccountingAlan Casden Dean’s ChairAfter a number of surgeries and a battery of tests over the course ofa year, Dr. Casey O’Connell at USC Norris gave him the good news.“She told me I wasn’t going to die a horrible death,” Porter recalled.His cancer was successfully treated at USC Norris in 2012 and 2013, andhis quarterly checkups since then have all been clean bills of health.Now, Porter was attending an assembly just days before Brooke’seighth-grade graduation. It was a showcase of the charitable work ofthe K-8 students, where a dozen nonprofits selected by the eighthgraders were presented with checks. All of the organizations receivingdonations had touched a student or member of the Mayfield JuniorSchool community in some way.But he was not only accepting a check on behalf of USC Norris, hewas also matching it, along with another parent of two children atMayfield Junior School who had been successfully treated for stage twotesticular cancer at USC Norris — Jaime “Taboo” Gomez, a memberof the musical group the Black Eyed Peas. Gomez’s own experiencewith cancer drove him to become an ambassador for the AmericanCancer Society. In 2017, he released a new single, “The Fight,” as anUnderstand, Support,Empower and EducateNew Leventhal Leadership Program takes innovativeapproach to transforming the lives of first-generationstudentsDuring the spring semester, USC Leventhal’s Arthur Alba ’06 andPeter Moloney, professor of accounting and finance at CerritosCollege, sat down in the Student Union courtyard on the USCcampus to talk about the Leventhal Leadership Program. A passionproject for Alba and facilitators Moloney and Steve Arias ’06 for thepast 11 years that now officially falls under Alba’s responsibilities asassociate director of undergraduate advising, the LLP is a seminarprogram designed to help first-generation students make thetransition from community college to USC Leventhal.The courtyard that day was its usual bustling melting pot, withstudents, faculty, staff, alumni, parents and children of all ages,races and backgrounds. It would be easy to take that tremendousdiversity for granted. But when it comes to first-generation students,Alba, Moloney and Arias know that many of those fortunate enoughto make it to community college must still overcome incredibleobstacles to move forward, especially to a top 10 accounting schoollike USC Leventhal.And while there are many outreach programs created to connecthigh school and community college students with the resourcesthey need to understand careers in accounting and navigateadmissions requirements, LLP does much more — and takes acompletely innovative approach.“What makes us unique and successful is that we really try tounderstand our students and their challenges and tailor the programbased on those challenges,” Alba said. “We take an individualizedapproach, building one-on-one relationships with students andcounseling them in all aspects of their academic and professionaldevelopment. In the seminars, if we don’t see the light bulb go on,we figure out how to get it on.”Alba and Moloney expressed gratitude that Leventhal Dean WilliamW. Holder was immediately on board to support the program in aformal capacity. “It is the spirit of USC to help,” said Moloney.A SHIFT IN THINKINGThe Leventhal Leadership Program is a resource committed toincreasing diversity in the Leventhal School of Accounting at USCand the accounting profession. It is designed to understand, support,empower and educate high-potential, historically underrepresentedminority students at community colleges in their pursuit of a fouryear degree.UNDERSTAND, SUPPORT, EMPOWER AND EDUCATE, CONTINUED ON PAGE 10A MATCHING GIFT CELEBRATES LIFE AND COMMUNITY, CONTINUED ON PAGE 133

Leventhal Hosts PwCColor Brave EventOn Friday, Feb. 10, USC Leventhal hosted the flagship PwC ColorBrave Campus Dialogues event, a groundbreaking luncheon thatbrought together PwC professionals, faculty and students to engagein roundtable discussions about diversity and inclusion. AssociateProfessor Zivia Sweeney and her student workers collaborated withMarshall Admissions, Leventhal staff and a PwC team to execute anexciting event that was attended by more than 120 people.The two-hour event took place at the Founders Room at the GalenCenter, where after checking in, all participants enjoyed a deliciouslunch provided by USC Hospitality. Dean Holder kicked off the eventby welcoming everyone and thanking PwC, as USC was one of aselect number of universities chosen to host this event.After an introduction by Rod Adams, PwC U.S. talent acquisitionleader, participants enjoyed a panel discussion featuring MikeDillon, PwC chief diversity and inclusion officer; Martha Ruiz,PwC tax partner; and Professor Sweeney, a PwC audit alumna.The diverse group of panelists shared their thoughts in a Q&Aon creating an inclusive working and learning environment.Then, participants engaged in discussions with their tablemates.Discussions were moderated by a trained PwC professional andwere supported by a Leventhal faculty member. Groups of eightto 10 participants discussed questions that included: What are the personal and professionalbenefits of being more color brave? What can I do to build trust withothers who are different from me? What actions can I take to supportinclusion on campus?continued the social justice-driven conversations they had begunearlier in the day. It was clear that the event was a success!Geetha Somayajula ’18Marshall School of BusinessThornton School of MusicPresidential ScholarUSC IN THE UKMAcc and MBT students make inauguraltrip to London and DublinLeventhal MAcc and MBT students visited London and Dublinin March as part of ACCT 526: Global Accounting Experience,in which they studied cross-border transactions in the globaleconomy, examining accounting, legal and tax environments,economic and political systems, and cultural differences.“I learned about internationalrelations between the U.S. andIreland at the U.S. Embassy inDublin,” Merrell said. “I learnedabout the potential tensionsbetween Ireland with its low taxrate and the Trump Administrationwanting to bring earnings from U.S.companies back to the U.S.”Graduate students have had the opportunity to travel toChina since 2013. This new itinerary expands their options forstudying international markets.Why London and Dublin? “Brexit,” said Professor ofAccounting Dan O’Leary. “If the UK leaves the EU, then Irelandwill be the only English-speaking country in the EU. Brexit isexpected to have a huge impact on business.”O’Leary and Tom Ryan, professor of the practice ofaccounting, led visits to Ernst & Young (London and Dublin),IASB (International Accounting Standards Board), Shell, U.S.Embassy in Dublin, Workday and Accenture. The group alsovisited the London School of Economics for a presentation bya faculty member and discussion with students.“The visits to Ernst & Young were fabulous,” O’Leary said.“They provided two really interesting sessions — one atthe Center for Excellence in Dublin and one in their Londonoffice.”Matthew Merrell MBT ’17 enjoyed both the cultural excursions,including a visit to the Tower of London and a hike in Dublin(see photos), and the learning experiences.The conversations lasted about half an hour, andRod Adams brought the discussion full circle byencouraging students to share their takeaways withthe full group. This was truly the most powerful partof the event. Listening to students and professionalsshare how their perspectives had changed and howthey plan to create inclusive spaces inspired everyonein the room.Following the event, participants were invited to a PwCreception and networking event at Town & Gown. Asstudents talked and laughed with professionals andenjoyed delicious appetizers and new PwC gifts, they45

PROFESSOR THOMAS LIN RETIRES AFTER 42 YEARS, CONTINUED FROM PAGE 1establish the Chinese Accounting Professors Association (CAPA) inChina. I have been the vital link between AAA and CAPA by invitingone or two AAA presidents, presidents-elect, immediate pastpresidents or outstanding accounting researchers to serve asCAPA’s Annual Conference keynote speakers for many years.Later CAPA merged with the Accounting Society of China (ASC).In 2008, I helped to create an MOU between AAA and ASC to developacademic exchange and cooperation in teaching and research.CAN YOU TALK ABOUT YOUR EXPERIENCE AS MBA PACIFICRIM INTERNATIONAL MANAGEMENT EDUCATION (PRIME)PROGRAM CHINA COUNTRY DESK OFFICER BETWEEN 1997AND 2015?In 1996, the USC Trustees approved President Steven Sample’sinternationalization strategy with a focus on Pacific Rim countries.As a result, in the spring of 1997, the Marshall School of Businessstarted a GSBA 580 International Context of Business course, whichwas required for all Marshall MBA students. It is also called thePacific Rim International Management Education (PRIME) Program.I am proud and honored to have been the first Chinese Americanprofessor to help launch this program for USC.Too often, Americans overlook Chinese cultural values, assumingAmerican values can automatically be applied to business strategiesin China. As USC’s first China Country Desk Officer of the MarshallMBA PRIME Program, I equipped students to become future globalmanagers. In particular, my China-bound protégés learned aboutChinese culture, business etiquette, negotiation style, language andpolitics. I have enjoyed preparing and accompanying MBA studentsas they visited firms in China for the past 20 years.CAN YOU TALK ABOUT THE SIGNIFICANCE OF YOUR WORK ASFOUNDING PRESIDENT OF THE CHINESE ACCOUNTINGPROFESSORS ASSOCIATION OF NORTH AMERICA?China abolished the debit and credit double entry accountingsystem during the 10 years of the Cultural Revolution (1966-1976).During that period, all university professors (including accountingprofessors) had to go to the countryside to learn from farmers.In contrast, in 1976 in the U.S., I established the Chinese AccountingProfessors’ Association of North America (CAPANA) with about 30members. Now it has over 500 members. Almost 20 years later,in 1995, three other CAPANA officers and I spent one week atShanghai Fudan University teaching China’s first 26 university MBAprograms’ accounting professors on how to teach financialaccounting and management accounting courses. That same year,I also helped accounting professors from 60 Chinese universitiesestablish the Chinese Accounting Professors Association (CAPA).Almost every year, I invited one AAA president or past president orpresident-elect to be a keynote speaker at the CAPA annualconference in China. In addition, I also presented my researchpapers on China’s accounting or management issues.Furthermore, I lectured with six other Marshall professors at theChinese Communist Party School in 1998. I also advised the Ministryof Finance when the China National Accounting Institute (CNAI)opened in Beijing and Shanghai in 2001. The mission of the CNAI isto train China’s CFOs at large state-owned enterprises and senior6level CPAs in various Chinese accounting firms. The institute offers avariety of accounting, finance and management courses for CFOsand CPAs, enterpri

School in Pasadena, when his daughter Brooke presented a check for 1,000 to USC Norris from funds raised by her eighth grade class of 2017. With his family, Casandra ’94 (a Leventhal grad and director of finance at USC), and children, Brooke and Carson, in the assembly, Porter ch

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Department of Accounting became the School of Accounting, and in late 1980, our undergraduate accounting program and master of accounting program started being ranked in the top five in the nation. We also moved into the School of Accounting building. In 1990, the School of Accounting changed its name to the Leventhal School of Accounting.

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