Alexander J. Sannella, Ph.D. Certified Public Accountant The State University of New Jersey Rutgers Business School-Newark Department of Accounting and Information Systems Room 302D Ackerson Hall Newark, New Jersey 07102 (973) 353-5680 sannella@rci.rutgers.edu TEACHING AND ADMINISTRATIVE EXPERIENCE 1987-PRESENT: The State University of New Jersey, Rutgers Business School - Newark, Associate Professor of Accounting. *Functioning as External Relations Professor. -Contact person for Big Four and other accounting firms. -Awarded a PricewaterhouseCoopers Foundation Grant to support the PwC-RBS minority outreach programs, including partnerships with Newark High Schools, ($40,000 per year for three years). -Coordinator of external case competitions. -Academic Advisor to the Rutgers Accounting Society and the Association of Latino Professionals in Finance and Accounting (ALPFA). -Created weekly Professional Speakers Series. *Associate Dean-Rutgers Business School, 1999-2000 -Formed the Four-Year Undergraduate School of Business *Coordinator of Undergraduate Accounting Programs since 1993 (functioned as Vice-Chair of the Undergraduate Accounting Program on the Newark Campus) - Developed four-year Corporate Accounting Program * Taught Financial, Advanced, Intermediate and Cost Accounting and Auditing. *Voted Teacher of the Year, 1987-1988, 1991-1992, 1992-1993, 1994-1995, 1996-1997, 1997-1998, 1999-2000, 2003-2004. *Consistent outstanding teaching evaluations received from student surveys. 1
1985-1987: Iona College, Associate Professor of Accounting (1980-1985, Assistant Professor of Accounting; 1974-1980, Instructor of Accounting). *Taught Financial, Cost, Managerial and Intermediate Accounting, Financial Statement Analysis (Graduate and Undergraduate Levels). Developed and taught Research Seminars in Financial Accounting on the MBA level. *Integrated the Personal Computer into Cost and Financial Accounting courses. * Outstanding performance evaluations received during faculty classroom visitations and from student evaluation forms. 1985-1987: New York University, Adjunct Associate Professor of Accounting. 1982-1985: New York University, Instructor of Accounting. * Taught Financial, Managerial and Intermediate Accounting (Graduate and Undergraduate Levels). * Achieved very high teaching ratings (3.95 on a scale of 4.00). * Voted "Great Teacher of the Year", 1983-1984. 1974-1977: Iona College, Adjunct Instructor of Accounting. RELATED TEACHING EXPERIENCE *Developed and taught seminars dealing with advanced topics in financial accounting to foreign and US Analysts and Associates at major investment banks. This includes participation in training for diversity recruiting programs. * Developed and taught several CPE courses for a New York based CPA firm. *Taught accounting seminars in commercial bank credit departments to credit analysts. Taught basic tax concepts in minority internship programs. *Received highest ratings from participants and administrators of the CPA, Commercial Bank and Investment Bank training programs. *Taught Financial Accounting to IBM staff personnel and taught in an IBM International Executive Training Program. (Rated 97% on a scale of 100% by the program participants). Companies Include: IBM, Summit Bank, First Union Bank, Fidelity Bank, UBS, Bank of America, Chase Manhattan Bank, Chemical Bank, Tiger Management, 2
Peter J. Solomon and Company, The Beacon Group, Bear, Stearns & Co., Incorporated, UBS PaineWebber and Morgan Stanley, Incorporated, Deutsche Bank, ABN Amro, ING Baring Furman Selz, LLC., Needham and Company. BUSINESS EXPERIENCE 1986: KPMG Peat Marwick, LLP, Certified Public Accountants, New York, New York --Participant in Peat Marwick and Mitchell Foundation Faculty Development Program. 1984-1986: Accountant for the Trustee of OPM Leasing Services, Inc., Greenwich, CT. RESPONSIBILITIES INCLUDED: *Compilation of financial statements and preparation of tax returns for DAV-NA Associates (an affiliate of OPM). *Assist legal counsel in the bankruptcy and the reorganization of the firm. 1982-1983: Federal Trade Commission, Washington, DC- Consultant to the Line-of-Business Program. RESPONSIBILITIES INCLUDED: *Conducting research using the FTC's Line-of-Business Data. *Advising FTC Economists in matters regarding Financial and Managerial Accounting research issues. 1977-1980: Randolph Computer Corporation (a Subsidiary of Traveler's Insurance), Greenwich, CT. -Business Consultant. RESPONSIBILITIES INCLUDED: *Internal audit and review of lease contracts and lease receivables. *Preparation of a Procedures Manual for the Company. 1974-1977: PricewaterhouseCoopers, LLP, Certified Public Accountants, White Plains, New York ( now Stamford, CT.) - Senior Accountant. 3
RESPONSIBILITIES INCLUDED: OTHER *Preparation and audit of financial statements of Fortune 500 and medium sized clients (both foreign and domestic). *Preparation of Federal, State and Local income tax returns. *Review and documentation of accounting and information systems. This resulted in the preparation of letters to management that disclosed weaknesses in such systems and recommended improvements. *Supervised and evaluated field audit teams. 1977: Certified Public Accountant, New York State (Inactive Status). EDUCATION 2000-2003: Rutgers University: Newark College of Arts and Sciences, Newark, New Jersey. *Bachelor of Arts in Music, May, 2003. 1978-1984: New York University, Graduate School of Business Administration, New York, New York. *Doctor of Philosophy in Accounting and Finance, May, 1984. *Master of Philosophy in Accounting and Finance, February, 1982. 1973-1975: Iona College, Graduate School of Business, New Rochelle, New York. *Master of Business Administration in Accounting, June, 1975. 1969-1973: Iona College, School of Business Administration, New Rochelle, New York. *Bachelor of Business Administration in Finance, June, 1973. 4
HONORS, SCHOLARSHIPS AND FELLOWSHIPS 1982-1983: The Richard D. Irwin Foundation Fellowship 1981: American Accounting Association Doctoral Consortium Fellow. 1980-1981: New York University, University Scholarship. 1979: New York University, Graduate Assistantship. 1975: Iona College, Award for Academic Excellence (Prize MBA for Best Thesis). 1974-1975: Who's Who in American Colleges and Universities. 1973: Iona College, Graduate Scholarship. 1973: Iona College, Award for Academic Excellence in Finance 1973: Iona College, Graduated Magna Cum Laude. PROFESSIONAL ACTIVITIES 1994: Presentation of a paper entitled "The Effect of Airline Deregulation on Shareholder Wealth" (with Samir El-Gazzar) at the Atlantic Economic Society Conference, Montreal, Canada, October 1994. 1992: Participant at the AAA Annual Meeting, Washington, DC. Assisted in recruiting new faculty candidates. 1992: Participant at the Prentice-Hall Accounting Seminar for Educators, Cambridge, MA. 1991: Participant at the Conference on Options and Futures (Rutgers, New Brunswick). 1990: Participant at the New York University and Coopers and Lybrand conference on Tax Policy for the 1990's. 1990: Participant at the Conference on Financial Economics and Accounting (Rutgers, New Brunswick) 5
1989: AAA Regional Meeting, Wilmington, Delaware: Presentation of a paper entitled "The Association Between the Accuracy of Management Earnings Forecasts and Discretionary Accounting Changes" (with Bikki Jaggi). 1988: Rutgers University Business Conference, Presentation of a paper entitled "The Association Between the Accuracy of Management Earnings Forecasts and Discretionary Accounting Changes" (with Bikki Jaggi). 1984: City University of New York: Baruch College Accounting Workshop, Presentation of a paper entitled "Segment Reporting: The Cost Allocation Issue". 1983: American Accounting Association National Meeting, New Orleans. LA.. 1981: American Accounting Association Doctoral Consortium, Chicago, Ill.. 1979: Eastern Finance Association Annual Meeting. Discussant of a paper concerning the Depreciation-Investment Tax Credit Trade-off. PUBLICATIONS AND UNPUBLISHED WORKING PAPERS 2003: "The Information Content of Earnings Announcements in Regulated and Deregulated Markets: The Case of the Airline Industry (with Samir El-Gazzar and Afaf Shalaby), Journal of Accounting and Finance Research. (Spring 2003), Vol. 11, No. 1 pp. 55-65. 1998: "Optimal Financing Decisions: Convertible Debt versus Convertible Preferred Stock," Unpublished Working Paper, (With Hannah Wong). 1996: "The Effects of Airline Deregulation on Shareholder Wealth," (With Samir El-Gazzar), Atlantic Economic Journal.(June 1996), Vol. 24, No. 2, pp. 144-154. 1995: "The Association Between the Accuracy of Management Earnings Forecasts and Discretionary Accounting Changes," (With Bikki Jaggi). Journal of Accounting, Auditing and Finance. (Winter 1995), pp. 1-21. 6
1995: "Analytical Capitalization of Research and Development Costs," The Mid-Atlantic Journal of Business. (March 1995), pp. 75-101. 1993: "The Crippled Cost Principle: A Call to the Abandonment of an Outdated Tradition," Brown Economic Review. (Winter 1993), pp. 21-22. 1992: "The Effect of FAS 14 on Segment Reporting," Accounting Enquiries.(February 1992), pp. 309-344. 1991: The Impact of GAAP on Financial Analysis: Interpretations and Applications for Commercial and Investment Banking. Quorum Books: An Imprint of The Greenwood Publishing Group. 1991: "Segment Reporting: The Cost Allocation Issue", Journal of Accounting, Auditing and Finance, (Winter 1991), pp. 75-102. 1991: "Professional Adaptation: Segment Reporting: The Cost Allocation Issue", Journal of Accounting, Auditing and Finance, (Winter 1991), pp. 103-107. 1990: "An Application of the Microcomputer in Market Based Accounting Research" Computers and Education: An International Journal, (1990), pp. 87-95. 1989: "The Capitalization of Operating Leases: The Discounted Cash Flow Approach" Journal of Commercial Bank Lending, (October 1989), pp. 49-55. 1986: "An Application of Income Strategy to Cost Allocation and Segment Reporting" Journal of Accounting, Auditing and Finance, (Fall 1986), pp. 288-304. 1983: "Segment Reporting: The Cost Allocation Issue", Federal Trade Commission LB Research Papers and Reports No. 43, Federal Trade Commission, Washington, DC. (November, 1983). 7
1982: "Objectives of Financial Statements: Their Development and Analysis" (with Calvin Engler), available in the National Association of Accountants Manuscript Reference Series. OTHER ACTIVITIES 1994-2000: Member of the Faculty Alliance for Education. (A Ford Foundation Project to establish learning communities among Newark high schools and colleges) 1993-Present: Assistant to the Chair of the Department of Accounting and Information Systems (Coordinator of Undergraduate Accounting 1994-Present: Programs). Member of the Editorial Board for The Mid-Atlantic Journal of Business. 1993 Ad Hoc reviewer for Computers and Education: An International Journal. 1992-Present: General Advisor. 1991-Present: Faculty Advisor for the Institute of Certified Management Accountants and the AICPA. 1990-1992: Member of the Student Affairs Committee, Rutgers University. 1987-Present: Advisor on Honor's Program and Independent Study Projects. 1985-1987: Member of the Executive Committee of the Center for the Advancement of Public Policy at Iona College, New Rochelle, New York. 1985-1986: Honors Program Advisor, Iona College. 1983-1984: Moderator of the Accounting Society of New York University and Moderator of the New York University Student Chapter of the Institute of Management Accountants. 1980-1982: Moderator of Delta Mu Delta (National Business Honor Society) at Iona College. 8