UNC Accounting professor brings real-world experiences to classroom
Although the history of accounting stretches back centuries, accounting itself can — and does — change quickly. Just ask Brad Hendricks, the youngest member of the UNC Master of Accounting faculty and a practicing accountant until just a few years ago.
He entered the profession in 2003, the year after the Sarbanes-Oxley Act was signed into law, and accountants and public companies were scrambling to respond to the new legislation’s more stringent disclosure requirements.
By the time he left in 2009, he had lived through the nation’s worst financial crisis since the Great Depression. He had spent countless long hours auditing banks, which were under intense scrutiny from regulators, the press and the public.
“Everybody wanted to know what banks were worth and what assets they had,” he recalls. “Bank regulators, shareholders, and even management teams needed to know what banks’ assets were worth,” he recalls. “We were working really long hours to value extremely complex transactions.”
But that experience in a kind accounting crucible gives Hendricks valuable, real-world insights that he passes on to his MAC students at UNC. And when he teaches students about executive compensation disclosure requirements, it’s easy, again, to bring in real-world, real-time examples.
“Executive compensation is always in the news,” he says. “It’s very easy to bring real-world topics into my classroom because these topics often make the headlines.”
Although Hendricks has a bachelor’s degree in accounting (along with a Master of Accounting and a Ph.D. in business administration), he says that successful MAC students come from a variety of undergraduate backgrounds.
“I had nurses doing well and I had psychologists doing well,” he says. “Accounting seems to be something that everybody can learn if they are willing to put in the effort.”
>> A description of Prof. Hendricks’ Financial Reporting course
>> See a list of all Accounting faculty