Andreas Simon, PhD, CPA

Associate Professor of Accounting

GSBM Instruction

Phone: (858) 531-8482

Email: andreas.simon@pepperdine.edu

Andreas Simon Assistant Professor of Accounting

Dr. Andreas Simon studies the role of Wall Street analysts as information intermediaries in capital markets, as well as using accounting information to predict stock returns. A former securities analyst for Landesbank AG, a major German bank, Professor Simon's research on the factors of analyst success has been listed on Social Science Research Network's Top Ten download list for Capital Market and Market Efficiency Research. His published articles can be viewed in leading academic and practitioner journals, and have on multiple occasions received national recognition in congressional reports for the US House of Representatives and the US Senate, by the Center on Budget and Policy Priorities and the US Congress Joint Committee on Taxation. During the last several years, Dr. Simon has used his research expertise to advise investment research firms on financial reporting issues, and accounting-based trading strategies.

A passionate teacher, Dr. Simon was awarded the Ernst & Young Outstanding Educator Award while serving on the faculty at the Orfalea College of Business, Cal PolyTech University. At the Graziadio School, Professor Simon teaches Accounting Information & Control Systems, Financial Accounting, Advanced Accounting, Accounting for Multinational Enterprises, and Business Analysis Using Financial Statements. Professor Simon is also an integral part of Pepperdine's online MBA.

A native from Berlin, Germany, Dr. Simon received his BA in accounting and finance from the University of Applied Sciences - Berlin, Germany. He worked as securities analyst for Landesbank AG and as an associate in business advisory for PriceWaterhouseCoopers in Germany. He then moved to Australia to receive his PhD in accounting from the University of Queensland. His dissertation examined how growth in firm's earnings can be predicted. After moving to the US, Prof. Simon received postdoctoral training in accounting at the University of Michigan's Ross School of Business and UCLA's Anderson School of Management. Early in his career Dr. Simon served as a Ranger in the German Army.

University of Queensland

Doctor of Philosophy

University of Applied Sciences

Bachelor of the Arts

Education

University of Queensland

Doctor of Philosophy

University of Applied Sciences

Bachelor of the Arts

Academic Experience

Full appointments

Pepperdine University, Graziadio School of Business and Management, Los Angeles, CA Summer 2012
Associate Professor, Accounting

  • Graduate: MBA Accounting Information and Control systems (in-class and online), Financial Accounting, Accounting for Multi-national enterprises

California Polytechnic State University, San Luis Obispo, Orfalea Business College Spring 2008
Assistant Professor, Accounting

  • Undergraduate: Introductory-, Intermediate -, and Advanced Financial Accounting
  • Graduate: Masters of Accounting: Financial statement analysis and business valuation, MBA: Financial and managerial accounting, and Current accounting issues.

Visiting appointments

University of California, Irvine, Paul Merage School of Business Summer 2010/11/12
Visiting Professor, Accounting

  • Taught MBA core financial accounting course in the fully-employed MBA program

ESADE Business School, Barcelona, Spain Fall 2009/10/11
Visiting Professor, Accounting

  • Taught part of MBA core financial accounting course in the full-time MBA program; lectures on business combinations, stock compensation, & differences between US-GAAP and IFRS

Westmont College, Department of Business and Economics Winter 2011
Visiting Professor

  • Taught undergraduate course on Business research and forecasting

University of California, Los Angeles, Anderson School of Management Winter 2008
Visiting Scholar, Accounting

  • Audited MBA elective on financial reporting issues and conducted research on earnings forecasts with Prof. Trueman

The University of Michigan, Stephen M. Ross School of Business Fall 2007
Visiting Scholar, Accounting

  • Taught introductory accounting at the Masters level for non-business majors and conducted research on equity valuation with Prof. Lundholm

The University of Queensland, UQ Business School (AACSB), Brisbane, Australia 2003-07
Graduate Assistant

  • Taught courses in financial accounting, auditing and managerial accounting

Professional Experience

Simon Consulting – Santa Barbara, CA 2009 - current
Consultant for Business Valuation, Accounting Policy and Litigation Support

  • In the process of obtaining Certified Public Accounting (CPA) accreditation and Certified Business Analyst (CVA) accreditation

McGraw-Hill, Irwin 2010
Consultant

  • Developed LearnSmart (adaptive learning system) for accounting courses

PricewaterhouseCoopers - Deutsche Revision AG - Berlin, Germany 11/2002 - 03/2003
Associate in Assurance and Business Advisory Services - Financial Services

  • Participated in a number of annual audits of service companies in the fields of EDP, investment and real estate; in charge of balance sheet items 10 billion +
  • Performed credit checks of a savings bank, evaluated securities, and determined ratings and valuation adjustments
  • Dealt with common audit fields of credit institutions but also with legal responsibilities of supervision in regard to the credit law, as well as engagement checks
  • Identified $10 million of valuation write-offs and consulted with audit partners to rectify and accurately depict actual balance sheet item

Landesbank Berlin - Berlin, Germany 01/1996 - 02/2002
Certified Financial Analyst

  • Consulted corporate and private clients with investments, mortgages, loans, and insurances
  • Initiated weekly meetings with equity research department to provide enhanced intra-departmental communication resulting in more precise client asset allocations
  • Undertook quality assessment- and sales training, and worked under considerable pressure to deliver the required volume and quality
  • Performed market research on the Euro introduction, and expedited customer investment strategies
  • Supervised staff and coordinated workflows

Education

The University of Queensland, UQ Business School – Brisbane, Australia March 2008
Doctor of Philosophy (Accounting)

  • Dissertation: "Essays on Long-term earnings growth forecasts"

The University of California, Los Angeles, Anderson School of Management - LA, CA, USA Winter 2008
Visiting scholar

The University of Michigan, Stephen M. Ross School of Business - Ann Arbor, MI, USA Winter/Fall 2007
Visiting scholar

The University of Applied Sciences (FHTW) - Berlin, Germany Apr 1999 – Jul 2003
Diplom-Kaufmann (FH) (German graduate degree)

  • Major: Finance and Accounting
  • Thesis: "The Reporting of Financial Instruments focusing on Hedge Accounting under IFRS 39

Study abroad towards Diplom of Business Administration

  • University of California, Santa Barbara (UCSB) - Santa Barbara, CA, US Feb – Oct 2002
  • Queensland University of Technology (QUT) - Brisbane, QLD, Australia Feb – Sep 2001

Research

Published Papers

Simon, A. and A. Curtis. 2011. The Use of Earnings Forecasts in Stock Recommendations: Are Accurate Analysts More Consistent? Journal of Business Finance & Accounting, Vol. 38 (1, 2)

Nowland, J. and A. Simon. 2010. The Effect of a Change in Analyst Composition on Analyst Forecast Accuracy: Evidence from US Cross-listings. Journal of International Accounting Research, Vol. 9, No. 1

Mock, R. and A. Simon. 2010. Permanently Reinvested Earnings: Priceless. Australian Tax Forum, Vol. 25; Tax Notes

Vol. 121. No. 7 (November 17, 2008 original publication)

Mock, R. and A. Simon. 2009. The LIFO, IFRS Conversion: An Explosive Concoction. Tax Notes. Vol. 123. No. 6

Papers Under Review

Nowland, J. and A. Simon. 2010. Analysts' Long-term Growth Forecasts and Stock Recommendations? 2nd round revision: Accounting and Finance

Brailsford, T., D. Marchesi, A. Simon, and I. Tutticci. 2009. The Determinants of Shares Repurchase Decisions in Market Buybacks. 2nd round revision: Journal of Contemporary Accounting and Economics

Konchichiki, Y., A. Simon, and KR Subramanyam. 2012. Would You Bet Your Savings On Today's Best Analysts? AAA FARS 2010 Paper, 1st round review: Financial Analyst Journal

Papers In Progress

Clarkson, P., A. Nekrasov, A. Simon, and I. Tutticci. 2012. What Influences Analysts' Target Prices?

J. B. Kim, A. Nekrasov, A. Simon, and P. Shroff, 2012. Inconsistency in Analysts' Outputs due to the Effect of Accounting Conservatism: Earnings Forecasts vs. Target Prices.

Brochet, F., Faurel, L., Haight, T. and A. Simon, 2012. The Effect of Firms' Announcements of Organic vs. Acquired Growth on Analysts' Long-term Earnings Growth Forecasts.

Professional Growth and Service, Grants, and Awards 

Research presentations

2012: American Accounting Association Annual Meeting

2011: AAA Western Conference, AAA Annual Conference, Pepperdine University

2010: Financial Accounting Research Section Meetings (FARS), AAA Annual Conference, Loyola Marymount University

2009: ESADE Business School, Barcelona, Spain, Bocconi Business School, Milan, Italy, AAA Western Conference, AFAANZ, Asian FA, AAA Annual Conference, Australian School of Business, University of New South Wales, Sydney, Australia

2008: Pepperdine University, AAA Western Conference, The University of Utah, Cal Poly State University Faculty Seminar

2007: AAA International Section, University of Southern Queensland Workshop seminar, University of Technology Sydney Research Summer School, UQ Business School Research Symposium, San Diego State University, University of Michigan Brownbag Series, California State Uni Fullerton

2006: AFAANZ Conference, UQ Business School Research Symposium

2005: AFAANZ Doctoral Colloquium, FIRN Doctoral Tutorial, UQ Business School Research Symposium

Discussant and review activities

2011: Discussant Western AAA conference, Ad-hoc Reviewer for The Accounting Review, Reviewer for Financial Accounting Research Section Meetings (FARS) meeting

2010: Ad-hoc Reviewer for Australian Journal of Management, AAA Mid-Western Conference

2009: Ad-hoc Reviewer for Accounting and Finance, Asian FA Conference, AFAANZ Conference, AAA Western Conference; Discussant: Asian FA Conference, AFAANZ Conference

2006: Discussant: AFAANZ Conference

2005: Discussant: AFAANZ Conference, AFAANZ Doctoral colloquium

Administration

2008/11: Accounting Seminar coordinator, Orfalea College of Business

2005/07: President of the PhD Research Higher Degree Association, UQ Business School, Student representative at the UQ Business School Research Committee

2004/11: Member of Accounting and Finance Association of Australia and New Zealand (AFAANZ), American Accounting Association (AAA)

Professional meetings attended

2011: KPMG Faculty Symposium, UCLA Accounting Seminar Series

2010: UCLA Accounting Seminar Series, UC Irvine Accounting Seminar Series

2009: New Faculty Consortium, Leesburg, VA, FARS Conference, New Orleans, LA, USC Leventhal School of Accounting Research Forum, UCLA Accounting Seminar Series

2008: FARS Conference, Phoenix, AZ, Western AAA Regional Meeting, San Francisco, CA, AAA Annual Meetings, Anaheim, CA, USC Leventhal School of Accounting Research Forum, UCLA Accounting Seminar Series, KPMG Faculty Symposium

2007: AAA New Scholar Session, Chicago, IL (discussant: Beverly Walthers), UTS Summer Research School, Sydney (presenter: Robert Verrecchia), University of Michigan Accounting Seminars

2006: UTS "Earnings growth and value" Research workshop (presenter: James Ohlson), FIRN "Analyst Information" symposium (presenter: Orie Barron), AFAANZ Annual Conference (Wellington, New Zealand), AGSM Finance and Accounting Research camp, FIRN "Employee Stock Option" symposium (presenter: Steve Huddart), UTS Research School, Sydney (presenter: Mary Barth)

2005: FIRN Doctoral Tutorial, Sydney, AFAANZ Annual Conference and AFAANZ Doctoral Colloquium – PhD Fellow (Melbourne), UTS Summer Research School (Sydney) (presenter: J. Francis and K. Schipper), FARS Midyear Meeting and Doctoral Consortium (San Diego, CA), APJAE Doctoral Consortium and Symposium (Guangzhou, China)

2004: AFAANZ Annual Conference and AFAANZ Doctoral Consortium– PhD Fellow (Alice Springs), UTS Research workshop (presenter: Gordon Richardson)

Grants and awards

2011: Eugene O'Connor Professional Development Grant; California State Faculty Support Grant 2010: Orfalea College of Business, California Polytechnic State University Summer Research Grant

Ernst & Young, Outstanding Educator Award; California State Faculty Support Grant

2009: Orfalea College of Business, California Polytechnic State University Summer Research Grant California State Faculty Support Grant

2008: Orfalea College of Business, California Polytechnic State University Faculty Research Grant 2007: University of Queensland Research Travel Grant (GSRTG)

2006: University of Queensland Confirmation Scholarship (UQCS), UQ Business School Research Scholarship, Financial Integrity Research Network Symposium PhD Fellow

2005: Financial Integrity Research Network PhD Consortium Fellow, AFAANZ PhD Colloquium Fellow, APJAE Doctoral Consortium Fellow, UQ Business School Tuition Scholarship

2004: AFAANZ PhD Consortium Fellow, UQ Business School Tuition Scholarship 2003: PriceWaterhouseCoopers Accounting Thesis Fellowship recipient

Simon, A. 2014. An analysis of persistence in analyst's relative forecast accuracy. Applied Financial Economics, Vol. 24 (2)

Nowland, J. and A. Simon. 2014. Analysts' Long-term Growth Forecasts and Stock Recommendations? Asia-Pacific Journal of Accounting and Economics forthcoming

Simon, A. and E.M VanWinkle. 2013. Skill vs. Luck on Wall Street. An Analysis of All-Star Analysts' Stock Picks. Graziadio Business Review. Vol. 16 (3)

Simon, A. and A. Curtis.2011. The Use of Earnings Forecasts in Stock Recommendations: Are Accurate Analysts More Consistent? Journal of Business Finance & AccountingVol. 38 (1, 2)

Nowland, J. and A. Simon. 2010. The Effect of a Change in Analyst Composition on Analyst Forecast Accuracy: Evidence from US Cross-listings. Journal of International Accounting ResearchVol. 9, No. 1

Mock, R. and A. Simon. 2010. Permanently Reinvested Earnings: Priceless. Australian Tax Forum, Vol. 25; Tax Notes Vol. 121. No. 7 (November 17, 2008 original publication)

Mock, R. and A. Simon. 2009. The LIFO, IFRS Conversion: An Explosive Concoction. Tax Notes. Vol. 123. No. 6