School of Business, Public Administration, and Information Sciences

Louis J. Stewart

Assistant Professor of Accounting

School of Business, Public Administration, and Information Sciences

Long IslandUniversity, Brooklyn Campus

Contact Information

Office

1 University Plaza H700

Brooklyn, NY10012

718-246-6462 Phone

908-405-6995 Cellular

718-488-1125 Fax

EDUCATION AND PROFESSIONAL CERTIFICATION

University of Wisconsin-Madison

Ph.D. Business Administration accounting major

Dissertation Title: The Influence of Strategic Alliance Participation

on Cost Management System Design - A Case Study of an AcademicMedicalCenter

Certified Public Accountant

University of Chicago

Masters of Business Administration with a dual concentration in accounting and finance

Franklin and MarshallCollege

Bachelors of Art with History major

ACADEMIC HONORS

Patricia Roberts Harris Doctoral Fellowship

University of Wisconsin Advanced Opportunity Fellowship

KPMG Peat Marwick Minority Accounting Doctoral Scholarship

AICPA Minority Doctoral Fellowship

Dean’s List – FranklinMarshallCollege

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RESEARCH ACTIVITIES

Publications

Stewart, Louis J. and Bestor, William E. “Applying A Balanced Scorecard Reporting Approach in Health Care Organizations.” Journal of Corporate Accounting and Finance, March/April 2000. Pp. 75-82.

Stewart, Louis J. and Lockamy, Archie. “Integrated Performance Measurement Systems for Health Care Organizations.” Healthcare Financial Management Journal. December 2001

Stewart, Louis J. Management Control Theory and Its Application to US Medical Practice:

A Critical Review of Contemporary Literature Research in Healthcare Financial Management

Volume 7 Number 1 2002.

Stewart, Louis J. and Greisler, David “Measuring Primary Care Practice Performance in an Integrated Delivery System - A Case Study of an Integrated Performance Measurement System in Action” Journal of Healthcare Management. Volume 47 Number 4 2002

Stewart, Louis J. and Owhoso, Vincent “Derivative Financial Instruments and Nonprofit Health Care Providers” Journal of Healthcare Finance. Volume 31. Number 2. 2005

Papers under review

Stewart, Louis J. and Owhoso, Vincent“Interest Rate Swaps and Nonprofit Health Systems.”

Submitted to Research in Healthcare Financial Management.

Working Papers

Stewart, Louis J. and Trussel, John,“Derivative Financial Instrument Usage among US Nonprofit Health Care Provider Organizations”

Stewart, Louis J. “Management Control Systems and Practices among Large Medical Groups”

Stewart, Louis J. and Ganey, Francesca “Measuring the Cost of Current Medical Interpreting Practices”

Stewart, Louis J. and Owhoso, Vincent “Derivative Financial Instruments and the Financial Management of Hospitals and Integrated Delivery Systems”

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Published Proceedings

Stewart, Louis J. and Trussel, John,“Derivative Financial Instrument Usage among US Nonprofit Health Care Provider Organizations” American Accounting Association (AAA) Mid Atlantic Regional Meeting March 2005.

Stewart, Louis J. and Owhoso, Vincent“Derivative Financial Instruments and the Financial Management of Hospitals and Integrated Delivery Systems” American Accounting Association (AAA) North East Regional Meeting May 2004.

Stewart, Louis J. and Owhoso, Vincent“Derivative Financial Instruments and Nonprofit Hospitals” American Accounting Association (AAA) Annual Meeting August 2003.

Stewart, Louis J. and Owhoso, Vincent“Derivative Financial Instruments and the Financial Management of Hospitals and Integrated Delivery Systems” International Symposium & Workshop 2003 The International Society for Research in Healthcare Financial Management (ISRHFM) August 2003

Stewart, Louis J. and Owhoso, Vincent“Derivative Financial Instruments and Nonprofit Hospitals” Association of University Programs of Health Administration (AUPHA) Annual Meeting 2003 Finance & Economics Faculty Forum June 2003

Stewart, Louis J. and Owhoso, Vincent“Derivative Financial Instruments and Nonprofit Hospitals” American Accounting Association (AAA) North East Regional Meeting April 2003.

Stewart, Louis J. and Owhoso, Vincent“Derivative Financial Instruments and Nonprofit Hospitals” American Accounting Association (AAA) Mid Atlantic Regional Meeting April 2003.

Stewart, Louis J. “Organizational Control among US Medical Groups” Midwest Business Administration Association (MBAA) March 2003

Stewart, Louis J. and Covaleski, Mark A. “Managing the Uses of Horizontal Accounting Information in a Strategic Alliance between Nonprofit Health Providers and an Investor Owned Managed Care Corporation”. Government & Nonprofit Section American Accounting Association (AAA) 2003 Midyear Meeting February 2003

Stewart, Louis J. Privatization, Vertical Strategic Alliances, and Cost Management System Design within an Integrated Service Delivery System. An Abstract and Poster Show Presentation. 2002 Annual Meeting of the Academy of Health Service Research June 2002.

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Published Proceedings

Stewart, Louis J. and Greisler, David “Measuring Primary Care Practice Performance in an Integrated Delivery System - A Case Study of an Integrated Performance Measurement System in Action” An Abstract International Symposium & Workshop 2001 The International Society for Research in Healthcare Financial Management (ISRHFM) August 2001

Stewart, Louis J. “Organizational Control and Physicians – A Critical Review of the Literature.”

Annual Meeting of the Accounting, Behavioral, and Organizational Section of the American Accounting Association (AAA) October 2000.

Stewart, Louis J. “Doctors, Management Control, and Cost Management – A Critical Review of the Literature” An Abstract International Symposium & Workshop 2000 The International Society for Research in Healthcare Financial Management (ISRHFM) August 2000

Stewart, Louis J. “Changing Health Care Sector Belief Systems

and Management Control System Design in US Health Care Organizations. “

1999 American Accounting Association (AAA) Southeast Regional Meeting April 1999.

Stewart, Louis J. “Vertical Strategic Alliances, Interorganizational Cost Management, and Cost Management Systems Design.” 1998 American Accounting Association (AAA) Annual Meeting August 1998

Stewart, Louis J. “Changing Health Care Sector Belief Systems

And Management Control System Design in US Health Care Organizations. “

Fourth International Management Control Systems Research Conference July 1998.

Stewart, Louis J. “Vertical Strategic Alliances, Interorganizational Cost Management, and Cost Management Systems Design.” 1998 Ohio American Accounting Association Regional Meeting. March 13, 1998.

Smith, Wilbur I. and Stewart, Louis J. “Business Strategy, Organizational Change, and Target Costing: A Case Study of Cummins Engine Company”. 1997 Annual Meeting of the American Academy of Accounting and Finance” December 13, 1997.

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Professional Writing and Textbook Reviews

Contributing Author and Editor Controllership Guide: 2005 Update RIA Publisher

Chapter 2: “Controller’s Management Role”

Chapter 3: “Managing the Accounting Department”

Contributing Author and Editor Healthcare Controller’s Manual: 2005 Update RIA Publisher

Chapter B2 “The Healthcare Controller's Financial Responsibilities”

Chapter C2 “External Reporting in Healthcare Facilities”

Chapter C3”Internal Controls”

Chapter C4“Internal Financial Reporting in Healthcare Organizations”

Chapter E6 “Interest Rate Swaps and Bond Financing”

Textbook Reviews

Accounting Information Systems, 8th Edition by Marshall B. Romney and Paul J. Steinbart

Prentice Hall, Inc. May 2000

Cost Management: A Strategic Emphasis, 1st Edition by Blocher, Chen, and Lin

Irwin/McGraw Hill, Inc. May 2000

Presentations

American Accounting Association (AAA) Annual Meeting August 2004 CPE Session: Governmental and Nonprofit Instruction: The Other Stuff – Teaching Hospital Accounting and Reporting Issues.

Institute of Management Accountants (IMA) Annual Meeting July 2004 Academic Roundtable

“Derivative Financial Instruments and the Financial Management of Hospitals and Integrated Delivery Systems”

American Accounting Association (AAA) North East Regional Meeting May 2004. “Derivative Financial Instruments and the Financial Management of Hospitals and Integrated Delivery Systems”

American Accounting Association (AAA) Mid Atlantic Regional Meeting April 2004. “Derivative Financial Instruments and the Financial Management of Hospitals and Integrated Delivery Systems”

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Presentations continued

American Accounting Association (AAA) Annual Meeting August 2003. “Derivative Financial Instruments and Nonprofit Hospitals”

International Symposium & Workshop 2003 The International Society for Research in Healthcare Financial Management (ISRHFM) August 2003 “Derivative Financial Instruments and the Financial Management of Hospitals and Integrated Delivery Systems”

2003 Annual Meeting of the National Association of Black Accountants “ Not for profit Accounting” and “Maybe You Should Get A PhD”.

Association of University Programs of Health Administration (AUPHA) Annual Meeting 2003 Finance & Economics Faculty Forum June 2003 “Derivative Financial Instruments and Nonprofit Hospitals”

American Accounting Association North East Regional Meeting “Derivative Financial Instruments and Nonprofit Hospitals” April 2003.

American Accounting Association Mid Atlantic Regional Meeting “Derivative Financial Instruments and Nonprofit Hospitals” April 2003.

NYU Wagner School Finance brown bag lunch series “Derivative Financial Instruments and Nonprofit Hospitals” February 2003.

Government & Nonprofit Section American Accounting Association 2003 Midyear Meeting “Managing the Uses of Horizontal Accounting Information in a Strategic Alliance between Nonprofit Health Providers and an Investor Owned Managed Care Corporation” February 2003

2002 Annual Meeting of the National Association of Black Accountants “Maybe You Should Get A PhD”.

NYU Wagner School Finance brown bag lunch series “Organizational Control and Physicians.”

2000 AmericanAcademy of Children and Adolescent Psychiatrists – Business Management Institute “Planning and Budgeting for the Psychiatric Practice” and “Cost Measurement and Rate Setting for the Psychiatric Practice” October 2000

1997 Annual Conference of the African-American Doctoral Students in Accounting Association “The Influence of Strategic Alliance Participation on Cost Management System Design -Research Findings.”

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TEACHING EXPERIENCE

Long IslandUniversity

School of Business, Public AdministrationBrooklyn, New York

And Information SciencesSeptember 2003 to present

Teaches introductory accounting, intermediate accounting, and government & not for profit accounting.

New YorkUniversity

Robert F. Wagner New York, New York

Graduate School of Public ServiceMay 2000 to present

Taught financial management for health care organizations; cost accounting and analysis; and financial management for public, nonprofit, and health organizations.

I was a reader on Patricia Garcia Sullivan’s doctoral dissertation committee. She successfully defended his dissertation on May 2003. Her dissertation was titled “No Pain, No Gain: Improving Hospital Performance through Reengineering”. In addition, I was a reader on Robert Purtell’s doctoral dissertation committee. He successfully defended his dissertation on April 2001. His dissertation was titled “Topic: Nonprofit Hospital Mergers and Acquisitions – Have They Been Done at Far Market Value?”.

FloridaA&MUniversityTallahassee, Florida

School of Business and IndustryAugust 1996 to May 2000

Taught accounting principles, intermediate accounting, managerial accounting, accounting information systems, and cost accounting at the undergraduate level.

University of Wisconsin-MadisonMadison, Wisconsin

Spring 1993 to Fall 1994

Taught managerial accounting at the undergraduate level.

DeVry Institute ChicagoIllinois

Spring 1990

Taught advanced cost accounting at the undergraduate level.

WrightCollegeChicago, Illinois

Fall 1984

Taught introductory accounting course at the junior college level.

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ONGOING CONSULTING ENGAGEMENT

Frye Williams & Company CPAs Rutherford, New Jersey

Quality Control ConsultantNovember 2003 to present

Conduct engagement performance reviews to ensure compliance with GAAS and AICPA peer review standards.

Prepared the Firm’s quality control document

PROFESSIONAL EMPLOYMENT EXPERIENCE

Community Shares of WisconsinMadison, Wisconsin

Financial ManagerJuly 1995 to June 1996

Was responsible for all external financial reporting, accounting, and fiscal management for this community based federated fund raising organization.

Englewood Community Health OrganizationChicagoIllinois

Director of Finance and Administration January 1990 to September 1992

Was responsible for external financial reporting, fiscal management, data processing, office support, food services, and building maintenance functions for this $4.1 million community mental health center. Supervised professional and administrative staff of twenty-two persons.

Major achievements at Englewood Community Health Organization included:

Supervised $350,000 facility rehab and renovation project
Provided leadership for a Medicaid billing function that achieved a 125% increase in billings and collections.

Centers for New Horizons ChicagoIllinois

ControllerJanuary 1989 to December 1989

Was responsible for financial reporting, budgeting, cash management, payables, and banking relationships for this $4.5 million day care and human service organization. Supervise accounting department of two professionals and two clerical staff.

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PROFESSIONAL EMPLOYMENT EXPERIENCE

Chicago Child Care Society Chicago, Illinois

Controller and Business ManagerNovember 1984 to January 1989

Was responsible for financial reporting, budgeting, cash management, payables, banking relationships, facility management, and employee benefits for this $2.7 million child welfare organization. Supervised business office staff of six.

Major accomplishments included:

Was a key part of the management team that reversed a two decade history of operating deficits with a $49,000 surplus for 1987.
Designed and implemented an integrated PC based accounting and budgeting system.
Supervised $150,000 playground construction project.

United Way of ChicagoChicago, Illinois

Fiscal AnalystJune 1979 to November 1984

Was responsible for payment authorization for over 150 funded agencies, review of member agencies financial statements, and assessment of the fiscal aspects of all funding requests for Chicago's largest philanthropic organization.

Major accomplishments included:

Prepared accounting and budgeting manual for the use of all United Way funded organizations.
Developed financial statement assessment tool to identify financially troubled funded organizations.
Conducted annual budgeting and financial reporting workshop for all funded agencies.

Swift and CompanyChicagoIllinois

Internal ConsultantApril 1978 to June 1979

Was responsible for supporting the financial staffs of the operating units and corporate headquarters in the performance of a variety of special projects for this $4 Billion meat processor and marketing corporation.

Major accomplishments included:

Compiled 1979 consolidated corporate profit plan.

Implemented computerized standard cost accounting system in Swift's Poultry Processing Division

Zenith Radio Corporation Chicago, Illinois

Senior Financial Analyst July 1975 to March 1978

Was responsible for budgeting and monitoring of corporate staff costs for this $1 billion manufacturer of consumer electronic products. Performed a variety of special projects relating to business segment profitability.

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INTERNSHIP EXPERIENCE

Schering-Plough CorporationKenilworth, New Jersey

June to August 1998

Performed literature review and statistical analysis on the relationship between the use of sedating antihistamines and US highway traffic safety. This study presents an economic cost benefit analysis of alternative pharmaceutical utilization patterns.

Cummins Engine CompanyColumbus, Indiana

June to August 1997

Performed three special projects for the Corporate Controller.

These three projects included a gross margin analysis of the Power Generation Business Group, a review of the target costing model for the Advanced Heavy Duty Engine Crankshaft Assembly, and the development of an activity analysis program for the sales and marketing staff of the Industrial Products Business Group.

Wisconsin Bureau of Health Care FinanceMadison, Wisconsin

June to October 1995

MIS analyst in the Decision Support Section.

Wisconsin Bureau of Health Care FinanceMadison, Wisconsin

June to October 1994

Audit intern in the Medicaid Audit Section

COMMUNITY AND PUBLIC SERVICE

Faculty Advisor to the Student Chapter of the National Association of Black Accountants (NABA) LIU Brooklyn Campus,January 2005 to present

Ad hoc Reviewer, Journal of Derivatives Accounting, December 2004

Ad hoc Reviewer, Research in Healthcare Financial Management Journal, December 2004

LIU School of Business, Public Administration, Information Sciences Curriculum Committee, Vice Chairman, August 2004 to present

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COMMUNITY AND PUBLIC SERVICE

NYU Health Management and Policy Program Faculty Committee Work

I presented a report at the November 2001 faculty meeting that described the current treatment of the topic of quality in health care organizations within the Wagner school curriculum. Instruction on this area is dispersed between multiple sections of three health management courses offered by the WagnerSchool. In the April 2002 I presented my review of the quality management curriculum at the top three competitive health management and policy programs. I presented this review to NYU Wagner faculty as a benchmarking exercise with my recommendations for curriculum improvement.

Faculty Advisor for NYU Student Chapter of Medical Group Management Association (MGMA)/AmericanCollege of Medical Practice Executives (ACMPE)

Member, American Accounting Association

Member, Health Care Financial Management Association, New York Metropolitan Chapter.

Member, National Association of Black Accountants

Discussant, October 2000 Accounting, Behavioral, and Organizational Section Meeting of the American Accounting Association.

Treasurer, Board of Directors, TallahasseeHomeSchool Band. September 1999 to May 2000.

Ad-Hoc Reviewer for 1999 Southeast Regional Meeting of the AAA. December 1998.

Senator, FloridaA&MUniversity Faculty Senate. January 1998 to August 1999.

Ad-Hoc Reviewer for Journal of Accounting and Public Policy. January 1998.

Secretary of the Minority Graduate Students in Business at the University of Wisconsin-Madison. September 1994 to August 1996

Charter Member, African-American Doctoral Students in Accounting August 1994

Treasurer of the Board of Directors of the United Neighborhood Centers of DaneCounty. Calendar 1993

Treasurer of the Board of Directors of Kenwood Oakland Development Corporation September 1989 to September 1992.

Member - Public Advisory Committee, Community Development Block Grant Program of the Village of Oak Park, Illinois. September 1988 to July 1992.