Prof Stacy themoneyteacher

Academic Vitae

EDUCATION 

Ph.D., Business Administration, Accounting, University of Tennessee: 2009

M.B.A., Georgia State University: 2005

B.S. Accounting, Rutgers University, Douglass College, School of Business: 1989

 

RESEARCH INTERESTS

Auditing, Corporate Governance, Financial Literacy, Forensic Accounting, Legislation, International Accounting, Financial Accounting, Pedagogy

TEACHING INTERESTS

Financial Accounting, Managerial and Cost Accounting, Financial Literacy, Fraud and Forensic Accounting, Personal Finance

PROFESSIONAL EXPERIENCE 

Bucknell University, Associate Professor 2009 – present

University of Tennessee, Research and Teaching Assistant: 2004-2009

Electrolux Home Products, North American Division, Controller to Director of Finance, Sales: 2002-2004 

Scientific Atlanta, Manager of Accounting to Director of Worldwide Accounting and Payroll Operations: 1998-2002

Fidelity Investments, Director of Accounting: 1996-1997

Automatic Data Processing, Inc., Senior International Auditor: 1994-1996

Ernst & Young, Staff Auditor to Supervising Senior Auditor: 1989-1993

 

COURSES TAUGHT

Bucknell University (2009 – present)

Foundations of Accounting and Financial Management I and II

Managerial and Cost Accounting 

Personal Finance/Financial Literacy

Senior Accounting Seminar

The University of Tennessee (2005-2009)

Survey of Accounting

Principles of Financial Accounting

Principles of Managerial Accounting

Integrated Process Management – Business simulation capstone course 

 

 

 

 

 

 

 

SCHOLARSHIP:

Refereed Publications:

Corbella, S., Florio, C., Gotti, G. & Mastrolia, S.A. (2015). Mandatory Auditor Rotation, Audit Fees, and Audit Quality. Journal of International Accounting, Auditing and Taxation, 25, 46-66.

Nicholls, C., & Mastrolia, S.A. (2015). Second Chance Homeless Shelter: A Fraud Exercise for Introductory and Survey Courses in Accounting. Advances in Accounting Education: Teaching and Curriculum Innovations, 17, 1-24.

Gotti, G. & Mastrolia, S.A. (2014). Cost of Capital for Exempt Foreign Private Issuers: Information Risk Effect or Earnings Quality Effect? It Depends. The International Journal of Accounting, 49, 190-220. 

Gotti, G. & Mastrolia, S.A. (2014). Response to the Discussion of “Cost of Capital for Exempt Foreign Private Issuers: Information Risk Effect or Earnings Quality Effect? It Depends.” The International Journal of Accounting, 49, 226-230.

Mastrolia, S.A., Zielonka, P. & McGoun, E.G. (2014). Conjuring a Reality: The Magic of the Practice of Accounting. Management and Business Administration. Central Europe.

Mastrolia, S.A. & Willits, S. (2013). Millennials: What Do We Really Know About Them? Advances in Accounting Education: Teaching and Curriculum Innovations, 14, 45-72.

Gotti, G. & Mastrolia, S.A. (2012). The effect on financial reporting quality of an exemption from the SEC reporting requirements for foreign private issuers. The International Journal of Accounting47, 44-71.

Gotti, G. &Mastrolia, S.A. (2012) Response to the discussion of “The effect on financial reporting quality of an exemption from the SEC reporting requirements for foreign private issuers.” The International Journal of Accounting47, 76-84.

Carcello, J. V., Hollingsworth, C.W., & Mastrolia, S.A. (2011) The effect of PCAOB inspections on Big 4 audit quality. Research in Accounting Regulation, 23, 85-96. doi: 10.1016/j.racreg.2011.10.001

Gotti, G. & Mastrolia, S.A. (2010). Regulatory intervention and the effect of changes in corporate governance on firm decisions and market reactions. Journal of Management and Governance, 14, 379-407. doi: 10.1007/s10997-009-9105-x

Mastrolia, S.A. (2010). Propensity to Just Meet or Beat Quarterly Earnings Forecasts: An Examination of the Effects of SOX Sections 302 and 906. Journal of Business & Leadership, 6, 107-115.

Pedagogical Book:

Crumbley, D. L., Jones, C. G., & Mastrolia, S. A. (2021). Accosting the Golden Spire Instructors’ Manual (2nd ed.). Durham, NC: Carolina Academic Press.

Crumbley, D. L., Betts, C., Mastrolia, S. A., & Sarikas, R. (2019). Accosting the Golden Spire (4th ed.). Durham, NC: Carolina Academic Press.

Crumbley, D. L., Jones, C. G., & Mastrolia, S. A. (2013). Accosting the Golden Spire (3rd ed.). Durham, NC: Carolina Academic Press.

Crumbley, D. L., Jones, C. G., & Mastrolia, S. A. (2013). Accosting the Golden Spire Instructors’ Manual. Durham, NC: Carolina Academic Press.

Conference Proceedings:

Mastrolia, S.A. (2010). Sarbanes-Oxley and the quarterly effect: The case of aggressive earnings management and SOX Sections 302 and 906. Proceedings of Northeastern Association of Business, Economics, and Technology Annual Conference, 98-122.

Mastrolia, S.A. & Willits, S. (2016). Of Moral Panics & Millennials. Proceedings of Northeastern Association of Business, Economics, and Technology Annual Conference, 190-207.

Gotti, G. & Mastrolia, S.A. (2009). Foreign private issuers exempted from filing with the SEC and market reactions. Proceedings of the American Accounting Association Annual Meeting.

Dissertation:

Mastrolia, S. A. (2009). Has Sarbanes-Oxley Improved Quarterly Financial Reporting Quality?  An Examination of the Effects of SOX Sections 302 and 906 (Doctoral Dissertation). Accounting and Information Management, University of Tennessee, Knoxville. Dr. Joseph V. Carcello, adviser.

Selected Recent Presentations:

“Fitbit … Watch Your Fundamentals.” American Accounting Association Forensic and Investigative Accounting Section Mid-Year Meeting, March 2022.

“Fitbit … Watch Your Fundamentals.” NABET Conference, State College, PA, October 2021.

“Of Moral Panics and Millennials.” NABET Conference, State College, PA, October 2016.

“Of Moral Panics and Millennials.” International Conference of Critical Accounting, New York, NY, April 2015.

Invited presenter at the American Accounting Association Annual Conference, Atlanta, GA, August 2014 due to Bea Sanders/AICPA 2013 Teaching Innovation Award – Honorable Mention for manuscript “Second Chance Homeless Shelter: A Fraud Case for Introductory and Survey Courses in Accounting.”

“Ethical Policies, Cultural Values and Earnings Quality: An International Approach.” American Accounting Association Annual Conference, Atlanta, GA, August 2014.   

“Embezzlement at a not-for-profit: New Day Products and Resources case,” American Accounting Association Forensic and Investigative Accounting Section Mid-Year Meeting, March 2014.  

“Second Chance Homeless Shelter: A Fraud Case for Introductory and Survey Courses in Accounting,” American Accounting Association Mid-Atlantic Regional Meeting, April 2013.  

“Second Chance Homeless Shelter: A Fraud Case for Introductory and Survey Courses in Accounting,” American Accounting Association Forensic and Investigative Accounting Mid-Year Meeting, March 2013.  

“Mandatory Auditor Rotation, Audit Fees, and Audit Quality,” American Accounting Association Annual Conference, Washington DC, August 2012. 

“Cost of Capital and Liquidity of Foreign Private Issuers Exempted from Filing with the SEC: Disclosure Effect or Earnings Quality Effect?,” Illinois International Journal of Accounting Symposium, Niagara Falls, Canada, July 2012. 

“The Millennials Have Arrived: Falling Sky or Much Ado About Nothing?,” American Accounting Association Mid-Atlantic Regional Meeting,  May 2012.  

“The Millennials Have Arrived: Falling Sky or Much Ado About Nothing?,” Hawaii International Conference on Business, Honolulu, HI, May 2011.  

“Mandatory Auditor Rotation, Audit Fees, and Audit Quality,” American Accounting Association International Accounting Section Mid-Year Meeting, Tampa, FL, January 2011.

“Sarbanes-Oxley and the Quarterly Effect: The Case of Aggressive Earnings Management and SOX Sections 302 and 906,” 33rd Annual Meeting of the Northeastern Association of Business, Economics and Technology, Philadelphia, PA, November 2010.

“Propensity to Just Meet or Beat Quarterly Earnings Forecasts: An Examination of the Effects of SOX Sections 302 and 906,” 6th Annual Business & Leadership Symposium, Fort Hays, KS, October 2010.

“Sarbanes-Oxley and the Quarterly Effect: The Case of Aggressive Earnings Management and SOX Sections 302 and 906,” Annual Corporate Reporting & Governance Conference: Center for Corporate Reporting & Governance at California State University, Fullerton, CA, September 2010.

“Cost of Capital and Liquidity of Foreign Private Issuers Exempted from Filing with the SEC: Disclosure Effect or Earnings Quality Effect?,” American Accounting Association Annual Conference, San Francisco, CA, August 2010.  

“Mandatory Auditor Rotation, Audit Fees, and Audit Quality,” European Institute for Advanced Studies in Management 5th International Workshop on Accounting and Regulation, Siena, Italy, June 2010.

“Cost of Capital and Liquidity of Foreign Private Issuers Exempted from Filing with the SEC: Disclosure Effect or Earnings Quality Effect?,” European Accounting Association Annual Congress, Istanbul, Turkey, May 2010.

“Cost of Capital and Liquidity of Foreign Private Issuers Exempted from Filing with the SEC: Disclosure Effect or Earnings Quality Effect?,” American Accounting Association Mid-Atlantic Regional Meeting, April 2010, (Distinguished Paper Award – International Accounting Section)

“Foreign Private Issuers Exempted from Filing with the SEC and Market Reactions,” American Accounting Association Annual Conference, August 2009.  

“The Effect on Financial Reporting Quality of an Exemption from the SEC Reporting Requirements for Foreign Private Issuers,” Illinois International Journal of Accounting Symposium, Catania, Italy, June 2009.

“The Effect on Financial Reporting Quality of an Exemption from the SEC Reporting Requirements for Foreign Private Issuers,” American Accounting Association International Accounting Section Mid-Year Conference, February 2009. 

“The Effect of PCAOB Inspections on Big 4 Audit Quality,” American Accounting Association Auditing Section Mid-Year Conference, January 2009.  

 

Scholarship Awards/Recognition:

AAA Teaching, Learning and Curriculum Section 2016 Outstanding Instructional Contribution Award for manuscript “Second Chance Homeless Shelter: A Fraud Case for Introductory and Survey Courses in Accounting.”

Bea Sanders/AICPA 2013 Teaching Innovation Award – Honorable Mention for manuscript “Second Chance Homeless Shelter: A Fraud Case for Introductory and Survey Courses in Accounting.”

Best Paper Award by the Teaching, Learning and Curriculum Section of the AAA at the 2013 Mid-Atlantic Regional Meeting for manuscript “Second Chance Homeless Shelter: A Fraud Case for Introductory and Survey Courses in Accounting.”

PWC INQuiries Grant Award for curriculum development: 2013

Distinguished Paper Award by the International Accounting Section of the AAA at the 2010 Mid-Atlantic Regional Meeting for manuscript “Foreign Private Issuers Exempted from Filing with the SEC, Disclosure Practices and Equity Markets.”

 

Editorial Board Member:

Journal of International Accounting, Auditing & Taxation: 2018 – present

The International Journal of Accounting (Cabell’s Commendable Journal): 2013 – 2016

Advances in International Accounting (Cabell’s Commendable Journal): 2015 – 2016 (discontinued in 2016)

 

Ad Hoc Journal Reviewer:

Advances in Accounting Education: Teaching and Curriculum Innovations (Cabell’s Commendable Journal): 2012

Advances in International Accounting (Cabell’s Commendable Journal): 2012, 2013

Journal of International Accounting, Auditing & Taxation: 2017

Journal of International Accounting Research (Cabell’s Commendable Journal): 2013

 

PROFESSIONAL ORGANIZATIONS

American Accounting Association: 2004-present

American Accounting Association, Auditing Section, Forensic Accounting Section, International Accounting Section, Management Accounting Section: 2004-present

New Jersey State Society of CPAs: 1991 – present

American Institute of CPAs: 1991 – present

 

CERTIFICATIONS/AWARDS/OTHER

Chartered Global Management Accountant (CGMA): awarded 2014

Participant in TLC Course Design and Principles of Pedagogy Workshop for New Faculty: 2011

Awarded Laurels Scholarship from the Education Foundation for Women in Accounting: June 2008

Graduate Teaching Award from the University Chancellor, University of Tennessee: April 2008

Ruth M. Adams Fellowship Award, Douglass College: 2007, 2008

John R. Moore Graduate Teaching Award from the College of Business, University of Tennessee: April 2007 

Citation for Professional Promise from the University Chancellor, University of Tennessee: April 2007 

Margaret Denton Wagner Fellowship Award, Douglass College: 2006

Scientific Atlanta Outstanding Performance Award for two-day close project: 1999

Georgia 100 Graduate: 1999 (Women’s leadership mentor program – targeted the 100 highest potential professional women in Atlanta, Georgia)

Automatic Data Processing Certificate of Recognition: March 1996

CPA in State of New Jersey since 1991; inactive beginning 2018

Moderate French language skills

 

MEDIA

FinCon 2022.” The Money Life Show with Chuck Jaffe.  September 2022.

Student Loan Forgiveness Could Be Inflationary.” by Matt Farrand.  The Standard-Journal.  September 2, 2022.

What students should know” Interview with Scott LaMar. WITF Smart Talk: August 29, 2022. 

Bucknell Professor Answers Questions On Loan Forgiveness Plan.” by NCPA Staff.  North Central PA. August 27, 2022.

Student loan forgiveness and its implications” Interview with Mark Lawrence. Newsradio WKOK On the Mark. August 26, 2022.

How to Build a Family Emergency Fund.” By Alexandra Ciuntu. Point2: June 6, 2022. 

Self Made Women: Dr. Stacy Mastrolia of Bucknell University.” By Sara Connell. Authority Magazine: April 27, 2022. 

Trust Structures for Machine Conjuring.” By Francois Gadenne. CTRI by Francois Gadenne: April 12, 2022. 

 “Unemployment: What to Do if Your Direct Deposit is Late.” By Geoff Williams. U.S. News & World Report: April 6, 2022. 

Poll: 47% of U.S. adults don’t plan to increase their summer spending.” By Meredith Hoffman. Bankrate.com: April 5, 2022. 

MoneyGeek’s Credit Card Annual Fees.” MoneyGeek.com: April 1, 2022. 

What Is Shrinkflation and How Does It Impact Shopping?” by Heather Taylor.  GoBankingRates.com and Yahoo.com. April 8, 2022.

WalletHub’s Selecting A Credit Card: Ask The Experts.” by John Kiernan.WalletHub.com: April 2022.

Budget Training Workshops Help Struggling Valley Residents.” By Marcia Moore.  The Daily Item: March 23, 2022.

Budgeting Tips For Combating Inflation.”  Interview with Sarah Goolden.  FOX 56 WOLF News: March 22, 2022.

How Inflation Is Affecting Americans’ Ability To Save.” By Rachel Hartman.  The Epoch Times: March 20, 2022.

Personal Budgeting In Times Like These.” By Matt Farrand.  Standard-Journal: March 18, 2022.

Why The 50/30/20 Budget Is Unrealistic – And What To Do Instead.” By Levi Leidy. GoBankRates.com: March 16, 2022.

How To Budget During Inflationary Times.” Interview with Scott LaMar.  WITF Smart Talk.  March 2022

Coping With Inflation“.  Interview with Mark Lawrence.  Newsradio WKOK Sunrise.  March 2022.

Valentines day.” By Geoff Williams. MoneyGeek: February 2022. 

 “Ask the Expert.” By Matthew Zencey. Bucknell Alumni Magazine. Winter 2022. 

Newsradio WKOK Sunrise. Interview with Mark Lawrence. January 10, 2022.  

WalletHub’s LendingClub Review: Ask the Experts.” WalletHub.com: January 10, 2022. 

Budgeting Tips for the New Year.” Interview with Sarah Goolden. FOX 56 WOLF News: January 1, 2022. 

A Fresh Start: Enter the new year with a budget.” By Matt Farrand. The Standard-Journal Weekender Newspaper: December 25-26, 2021. 

How Will You Handle Your Money in 2022?” Interview with Scott LaMar. WITF Smart Talk: December 14, 2021. 

ProAdvice: Create, stick to holiday budget.” By Eric Scicchitano. The Daily Item Newspaper: December 12, 2021. 

12 Financial New Year’s Resolutions for 2022: Get your finances on the right track in the new year.” By Geoff Williams U.S. News & World Report: November 8, 2021. 

WalletHub’s Credit Card Comparison: Ask the Experts.” WalletHub.com: August 2021. 

Expert Advice: Bundling Home and Auto Insurance.” Moneygeek.com: August 2021. 

Expert Advice: Understanding Full Coverage Car Insurance.” Moneygeek.com: August 2021. 

Faculty Stories” By Matt Hughes Bucknell University: March 16, 2021. 

Unemployment: What to Do if Your Direct Deposit is Late.” By Geoff Williams U.S. News & World Report: February 22, 2021. 

How stimulus payments could affect filing tax returns”. Interview with Sean Coffey WBRE Eyewitness News (CBS affiliate): February 16, 2021. 

Potential tax hike, the state budget proposal and you”. Interview with Kevin Hayes WBRE Eyewitness News (CBS affiliate): February 9, 2021. 

Clothes shopping on a budget – tips for 2021”. Interview with Allan Givens Finder.com: January 21, 2021. 

Cool Classes: Personal Finance” Bucknell University: June 2, 2020.

Cool Classes: Foundations of Accounting II” Bucknell University: October 29, 2018. 

Teaching for the Love of It”, Journal of Accountancy: June 2006. 

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