The Nazarbayev University Graduate School of Business and Ernst & Young presented Public Lectures of Professor Kay Stice in Astana and Almaty.
Earl K. Stice is the Ernst & Young Professor of Accounting and Finance at Nazarbayev University in Astana, Kazakhstan. In the Kellogg-HKUST EMBA program, which has been ranked #1 in the world (by the Financial Times) five times in the past six years, Dr. Stice has twice been selected by the graduating class as the program’s outstanding faculty member.
The Astana event took place on Wednesday, March 4th, and the Almaty on Wednesday, April 1st. Professor Kay Stice presented on the following topic: The Motivating Power of Measurement: Do Numbers and Accounting Control our Business, Social, and Personal Decisions?
The objective of the fields of statistics and accounting is to reflect the essence of a complex situation in one number. In our modern world we have become so fixated on these numbers that the numbers themselves change our behavior, make us work harder, encourage us to lie, and influence our emotions. To what extent do numbers and accounting control our decisions? The listeners of the lecture learned:
- How accounting can help you lose weight.
- Basic principles of financial statement analysis.
- The principles of accounting performance evaluation from a Soviet oil drilling contest.
- How the French derailed the effort to harmonize global accounting practices.
- The impact that accounting measurement has on marathon times.
- The why and how of corporate Earnings Management.
- How to construct your own Balanced Scorecard.