Associate Professor

Michael Cipriano, PhD

Dr. Cipriano has been teaching for nearly thirty years since leaving full-time professional practice in Chicago. He is passionate about helping students develop and execute their career plans. His research has largely been focused on how intermediaries (analysts/auditors) do and don't improve the quality of financial information for users.

Contact Us

McMullen Hall 217B

563-333-6186

CiprianoMichaelC@sau.edu

Education and Training

PhD, University of South Carolina, Accounting
MBA, University of Iowa
BBA, University of Notre Dame, Accountancy
BA, University of Notre Dame, Government and International Relations

Recent Publications

Cipriano, M., Cole, E.T. and Briggs, J. "Value relevance and market valuation of assets measured using IFRS and US GAAP in the US equity market", International Journal of Accounting & Information Management, 30 (1): 95-114. 2022.
Cipriano, M, Gruca, T, Jiao, J. “Can Investing Diaries be Hazardous to Your Financial Health?,” Journal of Prediction Markets 14 (1), 105-125. 2020.
Cipriano, M, Hamilton, E, Vandervelde, S. “Has the qualified audit opinion become the “Rotten Kid” punishment threat?,” Critical Perspectives on Accounting 47, 26-38. 2017.
Cipriano, M, Hamilton, E, Vandervelde, S. “Newport Soup Inc.: An Interactive Inherent Risk Assessment Case,” Journal of Accounting Education 37, 13-23. 2016.
Cipriano, M, Goins, S, Gruca, T. “Private Information, Overconfidence and Trader Returns in Prediction Markets,” Journal of Prediction Markets 9 (3), 1-21. 2015.

Presentations

Avoiding Ethical Crises (Economic Bonds), A Presentation to QC CFO/Controllers Roundtable, March 21, 2024
Financial Statements and KPIs for Hospitals, A Presentation to 30 Healthcare Providers at Genesis Health System, April 11, 2022

Courses Taught

Principles of Financial/Managerial Accounting
Provides an understanding of the basics of financial accounting and reporting.
Intermediate Financial Accounting I
Learning intangible assets, investments, revenue recognition, accounting changes and corrections, and statement of cash flows.
Intermediate Financial Accounting II
Continuation of ACCT 501. Includes specialized accounting topics including investments, leases, earnings per share, accounting for income taxes and pensions, revenue recognition, full disclosure, accounting changes and errors, and the Statement of Cash Flows.
Auditing (Undergraduate/Graduate)
A detailed analysis of auditing principles and techniques. Topics include professional ethics, internal control, auditors' reports and audit procedures.
Advanced Financial Accounting
An in-depth analysis of advanced, specialized accounting issues. Topics include consolidations, Securities and Exchange Commission (SEC) reporting requirements and governmental/Non-Profit accounting.
Advanced Financial Accounting Theory
Study of financial accounting theories such as efficient market hypotheses and equity theories and their treatment. Includes the study of FASB, the Emerging Issues Task Force, SEC, AICPA PCAOB and the standard setting process.
Advanced Financial Accounting
Study of financial accounting theories such as efficient market hypotheses and equity theories and their treatment. Includes the study of FASB, the Emerging Issues Task Force, SEC, AICPA PCAOB and the standard setting process.
Financial Statement Analysis and Valuation
Learn advanced tools to analyze and use information in corporate financial statements. Increase the ability to analyze and detect earnings management. Emphasize the role of accounting information in earnings-based and free cash flows-based valuation. Through this course, the student should increase knowledge of financial analysis; use proper standards and analysis and prepare prospective financial statements; increase communication skills; learn the importance of being objective, to use judgment and assess risk, and to consider stakeholders when preparing prospective financial statements; and increase knowledge of spreadsheet programs.
Advanced Auditing
A critical study of the public accounting profession, structure, and problems. Topics covered include legal liability, regulation, fraud, ethics, reporting requirements, and current developments. A variety of cases are used to help students understand responsibilities and problems.

Professional Service

West Side (Davenport) Parish Planning Commission
Volunteer Math Tutor, Assumption High School
Called and Gifted Program Team Member, Diocese of Davenport
ACT/SAT/GMAT/LSAT/CPA Exam Tutor
Ad Hoc Reviewer, International Journal of Forecasting
Ad Hoc Reviewer, North American Journal of Economics and Finance
Junior Achievement Volunteer
Becker CPA Exam Review Coach/Tutor
Called and Gifted Program, Diocese of Davenport

Professional Memberships

CPA License (through June 2025), Iowa (R5775)

Honors and Awards

Fourth Most Downloaded Paper, Fordham Journal of Corporate and Financial Law, Current
St. Ambrose University College of Business Faculty Service Award, 2019 - 2020