Congratulations to Professor Yaniv Konchitchki on Multiple Achievements!
Berkeley-Haas Professor Yaniv Konchitchki excels both in research and in teaching. He received this year’s Hellman Fellows Fund Research Award for "Showing Capacity for Great Distinction in Research."This is a competitive and large award, selected across the University and determined by UC Berkeley’s Chancellor and a prominent faculty panel. At the same time, MBA students awarded Konchitchki the prestigious Cheit Award for Excellence in Teaching, the highest teaching award bestowed upon professors at Berkeley Haas: http://www.haas.berkeley.edu/faculty/awards.html. Learn more.
California Society of Certified Public Accountants East Bay Chapter Scholarship Winners 2012-2013
Congratulations to students Roy Hadar, Yevgeniy Pilipovskiy, and Denney Choi, who were awarded California Society of Certified Public Accountants East Bay Chapter scholarships for 2012-13. The merit based scholarships range from $3,000 - $6,000 and are awarded to students with an interest in pursuing accounting careers.
Investor Beware: Stock Analysts’ Rounded Forecasts Are More Inaccurate and Upwardly Biased
In an era when a stock can take a beating if earnings fall a penny short of analysts' predictions, what factors influence whether forecasters seek precision to the penny or round off -- and how should their choice affect investors?
Berkeley-Haas Accounting Professor Patricia Dechow found that rounded forecasts are not only significantly more inaccurate than those that strive for penny-precision but also significantly more upwardly biased. The sharpest differences in both respects occur in companies with annual earnings per share of less than $10. Learn more.