Professor Richard Macve

Professor of Accounting, Emeritus 

CV

Professor Richard Macve CV

Research interests

• Conceptual framework of financial accounting and reporting
• Financial reporting in the insurance industry
• The historical development of accounting in UK, US and China
• The audit industry in China
• Environmental accounting and reporting

Selected publications

• 'Fair Value vs Conservatism? Aspects of the History of Accounting, Auditing, Business and Finance from Ancient Mesopotamia to Modern China' (forthcoming in British Accounting Review--this is unabridged version)

• Ming, Qing and the beautiful art of balancing books', China Daily (European edition), Friday 16 March 2012 

• (with D. Gwilliam & G. Meeks) 'The Costs and Benefits of Increased Accounting Regulation: A Case Study of Lloyd's of London', Accounting and Business Research, Vol. 35, No 2, pp. 129-146, 2005 

• Accounting for Environmental Cost (Cymraeg/Welsh version) 

• Insights to be gained from the study of ancient accounting history: some reflections on the new edition of Finley's The Ancient Economy, European Accounting Review, vol 11, no 2, 2002

• with J. Horton, "Fair value" for financial instruments: how erasing theory is leading to unworkable global accounting standards for performance reporting (PDF), The Australian Accounting Review, July 2000, vol 11, no 2, pp 26-39 (ISSN: 1035-6908)

• with K. Hoskin, Knowing more as knowing less? Alternative histories of cost and management accounting in the US and the UK (PDF), Accounting Historians Journal, vol 27, no 1, June 2000, pp. 91-149. Commentaries on the paper by Boyns and Edwards and by Tyson are included in the same edition of the journal.

• Accounting for environmental cost (PDF), D. Richards (ed.) The Industrial Green Game: implications for environmental design and management (Washington DC: National Academy Press, 1997), pp. 185-199.

• with J. Horton, Accounting for insurance (PDF), OECD Seminar on Accounting Reform in the Baltic Rim, Oslo 13-15 November 1996.

• with R. Fleischman, Coals from Newcastle: an evaluation of alternative frameworks for interpreting the development of cost and management accounting in Northeast coal mining during the British Industrial Revolution (PDF), Accounting and Business Research 32:3, 2002, pp: 133-152.

• Discussion comments on C. Hairs et al., Fair valuation of liabilities, British Actuarial Journal, 2002, vol 8, Part II, p. 325

Book Chapters     

• (with K. Hoskin) 'Writing, Examining, Disciplining: The Genesis of Accounting's Modern Power' (translated into Japanese), in Okano, H., Japanese translation of Hopwood, A. and Miller, P. (eds.), Accounting as Social and Institutional Practice (Cambridge: Cambridge University Press, 1994), 2004 

• (with J. Horton & G. Struyven) 'Qualitative Research: Experience in Using Semi-Structured Interviews', in Humphrey, C. and Lee, B. (eds.), The Real Life Guide to Accounting Research, pp. 339-357, (Elsevier), 2004  

• (with K. Hoskin & J. Stone) 'Accounting and Strategy: towards understanding the historical genesis of modern business and military strategy' in Bhimani, A. (ed.) Contemporary Issues in Management Accounting, pp. 166-197, (OUP), 2006 

Comments on recent exposure drafts and discussion papers

• 'Comment letter on IASB Discussion Paper DP/2013/1: A Review of the Conceptual Framework for Financial Reporting'
• Further Exposure Draft on Insurance Contract
• 'Revised Revenue Recognition ED'
  
  
• 'Exposure Draft on Insurance Contracts Letter to IASB'

• 'Comment on IASB DP on Credit Risk in Liability Measurement'

• 'Comment letter on IASB Income Tax ED' 
  
  
• 'Comment letter on IASB Preliminary Views on Leases'

• 'Comment letter on FASB/IASB Preliminary Views on Revenue Recognition'

• Comment on:  O'Keefe, P.J.L., Desai, A.J., Foroughi, K., Hibbett, G.J., Maxwell, A.F., Sharp, A.C., Taverner, N.H., Ward, M.B. and Willis, F.J.P. (2005), 'Current Developments in Embedded Value Reporting', British Actuarial Journal (forthcoming).

• FASB/IASB Revisiting the Concepts: a comment on Hicks and the concept of 'income' in the conceptual framework, May 2005, with Michael Bromwich and Shyam Sunder

• Comment on Exposure Draft FRED34 Life Assurance July 2004

• Comment on Exposure Draft 'Fair Value Measurements', June 2004

• Comment on G4+1 Position Paper on Accounting for Share-Based Payment, September 2000

• Comment on Insurance Issues Paper, November 1999, May 2000

• Preliminary Views on major issues related to Reporting Financial Instruments and Certain Related Assets and Liabilities at Fair Value, December 14 1999, May 2000

• Comment on SEC Concept Release on International Accounting Standards, May 2000

• Comment on ASB Exposure Draft on Deferred Taxation (FRED19), December 1999

Current research and working papers

• with K. Hoskin, 'Contesting the Indigenous Development of "Chinese Double-entry Bookkeeping" and its Significance in China's Economic Institutions and Business Organization before c.1850' Working paper, version: 03.02.2012.

• with J. Horton and G. Serafeim, 'Deprival Value' vs 'Fair Value' Measurement for Contract Liabilities in Resolving the 'Revenue Recognition' Conundrum: Towards a General Solution 'Circulated 9 June 2011'. 
• Richard H. Macve's Scholarly Papers
  
  
• Deprival value;a comment on Van Zijl Whittington ABR 2006.pdf.

• with G. Serafeim,  'Deprival Value' vs 'Fair Value' Measurement for Contract Liabilities in Resolving the 'Revenue Recognition' Conundrum: Towards a General Solution (2006).

• with J. Horton and G. Serafeim, 'An Experiment in 'Fair Value' Accounting?  the State of the Art in Research and Thought Leadership on Accounting for Life Assurance in the UK and Continental Europe' (Part I: main text; Part II: Appendices: literature review).

• Accounting for Insurance Contracts: a comment on 'deprival value' measurement for contract liabilities in revenue recognition; Appendix; Table I (Excel document); Table II (Excel document). LSE working paper, 2004.

• with J. Horton, Developing Measurement Principles for Reporting the Performance of Life Insurance Business: the roles of theory and experience in international accounting standard setting with K. Hoskin, Pennsylvania ($)65000? (2002)

• with Michael Bromwich and Syam Sunder, The Conceptual Framework: Revisiting the Basics A comment on Hicks and the concept of 'income' in the conceptual framework

Conference Presentations

• 'BAFA 2011 annual conference: plenary address'
  
  
• EAA Symposium #1: Tampere, Finland May 13th 2009
   
• EAA: Business and the Environment-a Role for Voluntary Codes? A Case Study of the 'Equator Principles'. 

Teaching

• AC103 Elements of Management Accounting and Finance
  Current students click here for course information
• AC104 Elements of Accounting, Financial Institutions and Financial Management
  Current students click here for course information 
• AC330 Financial Accounting, Analysis and Valuation
  Current students click here for course information 
• LL440 Corporate Accountability: Topics in Legal and Accounting Regulation
  
  
• Office hours

Other web pages

• Professor Richard Macve's Experts page

• Richard R. Macve Social Science Research Network (SSRN) author page

Other information

• Court Assistant of the Worshipful Company of Chartered Accountants in England & Wales (WCCAEW)

• Honorary Research Fellow of the University of International Business and Economics (UIBE), Beijing, PRC

• Honorary Professor at Zhongnan University of Economics and Law, Wuhan, PRC

• Honorary visiting professor of accounting, School of Management & Business, University of Wales Aberystwyth

• Fellow of the Institute of Chartered Accountants in England and Wales (ICAEW)

• Honorary fellow of the Institute of Actuaries 

• Academic advisor to the ICAEW's Centre for Business Performance (CBP)

• Member of the ICAEW's Environmental Steering Group and its Technical Steering Committee

• Member of the Accounting Standards Board's (ASB) Academic Panel 

• Member of the Accounting Liaison Group of the Actuarial Profession - Faculty of Actuaries and Institute of Actuaries

• Member and vice-chairman of the Accounting and Finance Panel (panel 44) for the Higher Education Funding Council's Research Assessment Exercise (RAE 2001)