Ted Christensen, director of the J.M. Tull School of Accounting at the University of Georgia, is one of 11 new members on the Financial Accounting Standards Advisory Council.
The Financial Accounting Foundation Board of Trustees announced the appointments in December, and Christensen’s term of service began Jan. 1, 2020.
FASAC advises the Financial Accounting Standards Board on strategic and technical issues, project priorities and other matters that affect standard setting. FASAC provides the board with diverse perspectives from individuals with varied business and professional backgrounds.
“I am pleased to welcome our new FASAC members, and know they will play an important role in helping the FASB improve financial reporting for all our stakeholders,” said Charles H. Noski, chairman of the FAF Board of Trustees. “I would also like to thank the departing members for their expertise, commitment and input to the standard-setting process.”
In addition to serving as director of the Tull School of Accounting, Christensen holds a Terry Distinguished Chair of Business Administration at the Terry College. Previously, he was on the faculty at Brigham Young University from 2000-2015 and at Case Western Reserve University from 1995-2000.
Christensen is an editor of the Journal of Business Finance & Accounting. His research focuses on voluntary disclosure. In particular, much of his published research has explored non-GAAP reporting and management earnings forecasts. He is also the author of an advanced financial accounting textbook and a managerial accounting textbook and has taught financial statement analysis, business valuation, managerial accounting, corporate taxation and financial accounting at the undergraduate and graduate level.
He earned his Ph.D. in accounting from the University of Georgia, a master’s degree from Brigham Young University and a bachelor’s from San Jose State University.
The new FASAC members were appointed to a one-year term and are eligible to be reappointed for three additional one-year terms. The FAF trustees also reappointed 21 FASAC members for additional one-year terms in December.
Established in 1972, the Financial Accounting Foundation is the independent, private-sector, not-for-profit organization responsible for the oversight, administration, financing, and appointment of the Financial Accounting Standards Board and the Governmental Accounting Standards Board. The FASB and GASB establish and improve financial accounting and reporting standards — known as Generally Accepted Accounting Principles, or GAAP — for public and private companies, not-for-profit organizations, and state and local governments in the United States.