Jack Stecher, PhD

Winspear Assoc Professor, Department of Accounting and Business Analytics


Winspear Assoc Professor, Department of Accounting and Business Analytics
(780) 492-5371
3-40J Business Building
11203 Saskatchewan Drive NW
Edmonton AB
T6G 2R6



I have a PhD from University of Minnesota and a bachelor's degree from University of Pennsylvania.  Before coming to University of Alberta, I was at Carnegie Mellon University in Pittsburgh, Pennsylvania, and at NHH in Bergen, Norway.  In addition to my work in academe, I have over a decade of experience in industry.


My research is primarily focused on the effects of information and disclosure on capital markets and on private debt, with additional interests in more general questions related to decision making under risk and uncertainty. My research collaborations span numerous academic disciplines, including grants received related to finance and to cognitive neuroscience. I have published in top accounting and business journals, and also in economics, operations research, computer science, and analytical philosophy.


My overall teaching philosophy is to focus on the connection between accounting and other core and functional disciplines. I emphasize to my students the interdisciplinary aspects of learning, connecting my classes to what the students cover in the rest of their overall program. Students should see financial accounting as essential for understanding finance and financial economics. Similarly, when I have taught managerial accounting, I have stressed connections to operations, as well as links between cost measurement issues and financial reporting issues. Through learning the details of how accounting works (and it by nature involves details) in part of a broader context of the students’ overall coursework, the students develop an appreciation for and interest in the subject.


ACCTG 432 - Financial Statement Analysis I

May be taken on its own or as the first of a two-course sequence that develops student competence in using financial information. Using case analysis, students learn to value a firm through the use of a five-step process: (1) examination of firm's industry, markets and strategy, (2) evaluation of firm's accounting policies and their impact on the financial reports, (3) applying fundamental analysis to assess financial strengths and weaknesses, (4) forecasting future earnings and cash flows, and (5) applying valuation models. Corequisites: ACCTG 415 or 412.

Fall Term 2020
ACCTG 610 - Financial Reporting for Managers and Analysts

Intended for students who would like to build on the financial accounting knowledge developed in ACCTG 501, and is especially useful for those contemplating a career in financial management. Useful both as a stand-alone course and as a foundation for further study in financial statement analysis. Provides further depth in balance sheet valuation and income measurement in order to enhance students' ability to use financial accounting as a management tool. Prerequisite: ACCTG 501. Corequisite: FIN 501 or 503. Students may receive credit for only two of the following three courses: ACCTG 610, 614 and 615.

Fall Term 2020
ACCTG 630 - Financial Statement Analysis

Develops students' competence in analyzing financial statements and using financial information to make investment decisions, both equity and debt. The primary thrust of the course is aimed at equity investments. Students learn a five step process of analysis for equity investments: (1) An examination of the firm's industry, markets and strategy, (2) An evaluation of the firm's accounting policies and their impact on the financial reports, (3) Applying fundamental analysis to assess financial strengths and weaknesses, (4) Forecasting future earnings and cash flows, and (5) Applying valuation models to assess the current price. A comparable process for lending decisions is then developed. Prerequisite: ACCTG 501. Corequisite: FIN 501 or 503.

Fall Term 2020

Browse more courses taught by Jack Stecher

Scholarly Activities

Other - Academic Advisory Council Member, Accounting Standards Board

20190201 - 20220131

Acacemic Advisory Council, AcSB
Other - Coordinating Editor, Theory and Decision

Started: 2019

Journal homepage
Other - Editorial Board Member, Advances in Accounting

Started: 2019

Journal homepage
Other - External Member, Executive Committee, Institute for Public Economics

Started: 2018

Institute for Public Economics


Is the Allais Paradox Due to the Appeal of Certainty or Aversion to Zero?
Author(s): Elif Incekara-Hafalir, Eungsik Kim, and Jack D Stecher
Publication Date: 9/27/2020
Publication: Experimental Economics
Volume: Forthcoming
External Link: https://rdcu.be/b7MnT
Bayes and Hurwicz without Bernoulli
Author(s): Simon Grant, Patricia Rich, and Jack Stecher
Publication Date: 2020
Publication: Journal of Economic Theory
Volume: Forthcoming
External Link: https://doi.org/10.1016/j.jet.2020.105027
Discretionary Aggregation
Author(s): Michael Ebert, Dirk Simons, Jack D. Stecher
Publication Date: 2017
Publication: The Accounting Review
Volume: 92
Issue: 1
Page Numbers: 73-91
External Link: http://dx.doi.org//10.2308/accr-51434
Using Brouwer’s continuity principle to pick stocks
Author(s): Jack Douglas Stecher, Mark van Atten
Publication Date: 2015
Publication: Annals of Operations Research
Volume: 225
Issue: 1
Page Numbers: 161-171
External Link: https://doi.org/10.1007/s10479-013-1404-6
Hail, Procrustes! Harmonized accounting standards as a Procrustean bed.
Author(s): Jack Stecher, Jeroen Suijs
Publication Date: 2012
Publication: Journal of Accounting and Public Policy
Volume: 31
Issue: 4
Page Numbers: 341-355
External Link: https://doi.org/10.1016/j.jaccpubpol.2012.05.003
Competitive equilibrium with intuitionistic agents
Author(s): Jack Douglas Stecher
Publication Date: 2011
Publication: Synthese
Volume: 181
Issue: Supplement 1
Page Numbers: 49-63
External Link: https://doi.org/10.1007/s11229-010-9762-y
Decision making and trade without probabilities
Author(s): John Dickhaut, Radhika Lunawat, Kira Pronin, Jack Stecher
Publication Date: 2011
Publication: Economic Theory
Volume: 48
Issue: 2-3
Page Numbers: 275-288
External Link: https://doi.org/10.1007/s00199-011-0644-4
Generating Ambiguity in the Laboratory
Author(s): Jack Stecher, Timothy Shields, John Dickhaut
Publication Date: 2011
Publication: Management Science
Volume: 57
Issue: 4
Page Numbers: 705-712
External Link: http://dx.doi.org//10.1287/mnsc.1100.1307
Existence of approximate social welfare
Author(s): Jack Douglas Stecher
Publication Date: 2008
Publication: Social Choice and Welfare
Volume: 30
Issue: 1
Page Numbers: 43-56
External Link: https://doi.org/10.1007/s00355-007-0229-0