Robert Magee
Keith I. DeLashmutt Professor of Accounting Information & Management, Director, Accounting Research Center at Kellogg School of Management
Schools
- Kellogg School of Management
Links
Biography
Kellogg School of Management
Robert P. Magee is the Keith I. DeLashmutt Professor of Accounting Information and Management. He was appointed Director of the Accounting Research Center in 2006. Professor Magee served as Associate Dean for Academic Affairs: Faculty and Research from 2001 to 2005. Professor Magee has been a member of the Kellogg faculty since 1976 and served as the chair of the department of accounting information and management from 1983 to 1985 and from 1999 to 2001. His teaching interests are in financial accounting and the analysis of financial reports.
Professor Magee's research has focused on the use of accounting information in contracting relationships and in facilitating decision making and control within organizations. He has also written about the market for audit services, the effects of auditors' fee structures on their independence, and the use of cost allocations in motivating managerial behavior and assessing product profitability. Professor Magee's recent research has examined the effects of political pressure on the standard-setting process in accounting.
Professor Magee has published articles in The Accounting Review, the Journal of Accounting Research, the Journal of Accounting and Economics and a variety of other journals. He is author of Advanced Managerial Accounting and co-author of Efficient Capital Markets and Accounting: A Critical Analysis. The latter book received the Notable Contribution to the Accounting Literature Award from the American Institute of Certified Public Accountants in 1978. More recently, Professor Magee is co-author of the textbook Financial Accounting.
Professor Magee has served on the editorial boards of The Accounting Review, the Journal of Accounting Research, the Journal of Accounting and Economics and the Journal of Accounting, Auditing and Finance. From 1994 to 1996 he served as editor of The Accounting Review, the quarterly research journal of the American Accounting Association. He received the American Accounting Association's Outstanding Accounting Educator Award in 1999 and the Illinois CPA Society Outstanding Educator Award in 2000. At Kellogg, Professor Magee received the Levy Teaching Award in 1996, the Chairs' Core Teaching Award in 1998 and 2001 and the Alumni Choice Outstanding Professor Award in 2003.
Professor Magee received his A.B., M.S. and PhD from Cornell University.
Areas of Expertise
Financial Disclosure/Statements
Financial Reporting
Education PhD, 1974, Accounting, Cornell University
MS, 1972, Quantitative Methods for Management Decision Making, Cornell University
AB, 1969, Mathematics, Cornell University
Academic Positions Director, Accounting Research Center, Kellogg School of Management, Northwestern Unviersity, 2006-present
Keith I. DeLashmutt Professor of Accounting, Information, and Management, Kellogg School of Management, Northwestern University, 1990-present
Senior Associate Dean: Faculty Research, Kellogg School of Management, Northwestern University, 2003-2005
Associate Dean of Academic Affairs: Faculty and Research, Kellogg School of Management, Northwestern University, 2001-2003
Chair of Accounting, Information, and Management, Kellogg School of Management, Northwestern University, 1999-2001
Eric L. Kohler Professor of Accounting and Information Systems, Kellogg School of Management, Northwestern University, 1986-1990
Chair of Accounting and Information Systems, Kellogg School of Management, Northwestern University, 1983-1985
Visiting Professor, Management Development Institute, IMD, 1980-1981
Professor of Accounting and Information Systems, Kellogg School of Management, Northwestern University, 1979-1986
Associate Professor of Accounting and Information Systems, Kellogg School of Management, Northwestern University, 1976-1979
Assistant Professor of Accounting, Graduate School of Business, University of Chicago, 1973-1976
Honors and Awards Chairs’ Core Course Teaching Award, Kellogg School of Management, 2008-2009, 2000-2001, 1997-1998
Kellogg Alumni Professor of the Year Award, Kellogg School of Management, 2003
Outstanding Educator Award, Illinois CPA Society, 00-00
Plenary Speaker, Accounting Association of Australia, 00-00
Outstanding Accounting Educator Award, American Accounting Association, 99-99
Arthur Andersen Faculty Resident, London School of Economics, 98-98
Sidney J. Levy Teaching Award, Kellogg School of Management, 95-96
Education Academic Positions Honors and Awards
Read about executive education
Cases
Dewan, Rajiv and Robert Magee. Product Costing Systems: Information Economics and Implementation.
Academic research in managerial accounting has focused on the search for general principles or general procedures that can be brought to bear in making accounting decisions in a variety of particular settings. Because managerial accounting does not consist of a set of codified practices, we expect these principles and procedures to address the costs and benefits that they create. This cost/benefit orientation has come to be embodied in managerial accounting theory by the information economics model. The principal message of this paper is that the information economics model is not sufficient to guide decision makers in solving many accounting problems. It focuses on the definition of a solution rather than on the process by which a solution may be found. In this paper, we address directly the complexity of the cost system design problem and find that it falls into the category of problems for which no known algorithm exists to solve all cases. We examine the performance of well-established cost accounting heuristics, and develop a different algorithm for making cost system choices. These algorithms are evaluated using simulations.
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