Home > About Us > Faculty and Staff Directory > H. David Sherman

H. David Sherman


Sherman H. David
Professor of Accounting


404 Hayden Hall
617-373-4640
h.sherman@neu.edu

Education

DBA in Planning, Accounting & Accountability Systems, Harvard University
MBA, Harvard Business School
BA in Economics, Brandeis University

Research and Teaching Interests

Professor Sherman's research has long focused on financial reporting, performance measurement/management, and financial literacy issues facing corporate management and Boards of Directors in global businesses. He also actively studies methods to improve productivity in health care, financial services, and other service organizations. His current research focuses on International Financial Reporting Standards (IFRS) impact on managers and investors and Audit committee responsibilities beyond compliance. David is also studying governance issues related to Chinese entrepreneurial businesses that have equities traded on US markets, identifying the paths that increase their likelihood of achieving founder and investor goals. He is an expert on developing and using financial and non-financial measures to evaluate and manage performance. Professor Sherman teaches executive and MBA courses in accounting, control, and global financial statement analysis with a focus on contemporary and international shareholder reporting and financial statement analysis, and financial management of high technology, medical technology, financial services, health care, and nonprofit organizations.

Awards and Honors

Grant - International Financial Reporting Standards Research, Commerce Clearing House. (May 2009).

Principal Advisor to CCH on IFRS, Commerce Clearing House. (May 2009).

Invited KEYNOTE address - International Conference, Operations Society - UK. (September 8, 2008).

Naval Postgraduate School (2007) - visiting professor.

Osaka University, Visiting Scholar, February 2007.

Financial Accounting Standards Board (FASB) finalist, Financial Accounting Foundation (March 2006).

Academic Fellow, Securities and Exchange Commission (SEC), Division of Corporate Finance. (2004-2005).

Keynote Speaker, International conferences, Osaka Japan (2007); Xiamen, China (2005); and Toronto, Canada (2004).

KPMG Foundation Grant, Hospital quality reporting study (2003).

National Institute of Health/National Institute on Aging - grant, Nursing home productivity study (2002).

Best Paper, Asia Pacific International Accounting Conference. (November 2000).

Visiting faculty - INSEAD - Fontainebleau, France (1999-2002).

Selected Publications

Sherman, H. David (2011). Accounting Reserach Manager - IFRS Summary and interpretation (2011th ed., pp. 300+). Commerce Clearing House.

Sherman, H. David (2011). FAIR VALUE MEASUREMENT ANSWER BOOK - 2011 Edition (2011th ed., pp. 300 +). Commerce Clearing House - publisher.

Sherman, H. David, Chilingerian, J. (2011). "Health Care Applications - From Hospitals to Physicians, from Productive Efficiency to Quality Frontiers" - in Handbook of Data Envelopment Analysis (pp. 445 - 493). Kluwer Academic Publishers.

Sherman, H. David, Chen, Y., Du, J., Zhu, J. (2010). DEA Model with Shared Resources and Efficiency Decomposition. European Journal of Operations Research, 201(1), 25. 

Sherman, H. David (2010). FAIR VALUE MEASUREMENT ANSWER BOOK(pp. 300 +). Commerce Clearing House - publisher. 

Sherman, H. David (2010). FAIR VALUE MANAGER (CCH) Guide to Fair Value Measurement and Reporting under SFAS 157 - SFAS Manager (pp. equivalent of 150+ pages). CCH Commerce Clearing House. 

Sherman, H. David (2010). Accounting Reserach Manager - IFRS Summary  and interpretation(2010 edition ed., pp. 300+). Commerce Clearing House.

Sherman, H. David, Section on International Financial Reporting Standards, Accounting Research Manager: Commerce Clearing House (CCH) (2010). Includes updates and explanation of all IFRS accounting principles corresponding to the Codification classifications in U.S. GAAP.

Sherman, H. David (2009). Fair Value FAS 157 Answer Book (FIrst ed., pp. 200+). Commerce Clearing House.  

Sherman, H. David, Zhu, J. (2009). Case Study: Improving Branch Profitability and Service with Data Envelopment Analysis. Bank Accounting & Finance, Apr-May 2009, 15-24. 

Sherman, H. David, Brust, R., Carey, D. (2009). The Audit Committee's New Agenda - HBR. Harvard Business Review(June 2009), 190-197. 

Ozcan, Y., Sherman, H. David (2008). Preface to Health Care Benchmarking and Performance Evaluation - An Assessment using DEA. Massachusetts: Springer.

Sherman, H. David (2008). Guide to Fair Value Measurement and Reporting under SFAS 157 - SFAS Manager. Chicago, IL: CCH - Case Clearing House.

Sherman, H. David, Zhu, J. (2006). "Benchmarking with Quality-adjusted DEA (Q-DEA) to Seek Lower-Cost High Quality Service: Evidence from a U.S. Bank Application." Annals of Operations Research, Autumn V. 145, pp 301 - 319.

Sherman, H. David, Rupert, T. (2006). "Do Bank Mergers Have Hidden or Foregone Value? Realized and Unrealized Operating Synergies in a Bank Merger." European Journal of Operations Research (January 2006), 253-268.

Sherman, H. David, Zhu, J. (2006). Service Productivity Management - Improving Service Performance using Data Envelopment Analysis (1st ed., pp. 328). New York, NY: Springer.

Sherman, H. David (2005). "Boosting Bank Merger Returns: Management Initiatives to Capture Hidden Value." Bank Accounting and Finance, 18(2), 17-28.

Sherman, H. David (2005). "What Financial Experts Don't Know About Accounting." D&O Advisor (Spring 2005), 35-36.

Sherman, H. David (2004). "Adding It Up: Making the Right Accounting Choices in a Merger." D&O Advisors (Summer 2004), 29-30.

Sherman, H. David (2004). "It's Time to Bury EBITDA, Pro Forma Earnings, and Stupid Cash Tricks." Corporate Board Member Magazine, 7(4), 60-70.

Sherman, H. David, Chen, Y. (2004). "The benefits of nonradial versus radial super-efficiency DEA: An application to burden-sharing amongst NATO member nations." Socio Economic Planning Sciences, 38(4), 307-320.

Sherman, H. David, D. Young, H. Collingwood. (2003 - Chinese ed. 2004). Profits You Can Trust: Spotting and Surviving Accounting Landmines - Prentice Hall - Financial Times 2003 - 168 pages.

Sherman, H. David, Young, S. David (2001). "Tread Lightly Through These Accounting Minefields." Harvard Business Review (July-August 2001), 129-135.

Selected Presentations

Sherman, H. David (Presenter & Author), Du, Juan (Presenter & Author), 2010 INFORMS Annual Meeting, "DEA Models with Shared Resources,” INFORMS, Austin Texas. (November 9, 2010).

Sherman, H. David (Presenter Only), NU-CBA Accounting Undergraduate Advisory Group, "Fair Value and IFRS Research Overview,” Accounting Group - CBA - NU, Boston MA. (October 2010).

Sherman, H. David (Presenter & Author), European Accounting Association Annual Meeting, "Incorporating Quality in DEA (Q-DEA): Evidence from a U.S. Bank Application,” European Accounting Association (EAA), Istanbul Turkey. (June 2010).

Sherman, H. David, Incorporating Quality in DEA (Q-DEA): Evidence from a U.S. Bank Application, European Accounting Association – Istanbul, Turkey – May 2010.

Sherman, H. David (Presenter Only), Microsoft International Sales Organization, "Accounting Industry: Surviving the Financial Crisis,” Microsoft, New York. (February 2010).

Sherman, H. David, ENTERPRISE FORUM - Assoc. of Int'l CPA firms, "International Financial Reporting Standards - Converting from US GAAP," Enterprise Worldwide - Int'l association of accountants and advisors, Philadelphia. (November 13, 2009).

Sherman, H. David, AAA Northeast Regional Meeting, "Distance Learning Courses - Integrity and Quality," American Accounting Association, Cambridge, MA. (November 7, 2009).

Sherman, H. David, Univ. of Connecticut - Economics Seminar, "Managing Bank Productivity with DEA," Economics department with Accounting Department, U. of Conn - Storrs Connecticut. (October 3, 2009).

Sherman, H. David, International DEA Society Meeting, "Semi-annual international meeting on DEA," Temple University, Philadelphia, PA. (July 12, 2009).

Sherman, H. David, Peking University Finance Group Seminar, "Audit Committee - the New Agenda," Peking University - Bei Da, Beijing, China. (June 12, 2009).

Sherman, H. David, Hedge Fund Accounting & Administration Forum, "Effects of the Economic Crisis - Ask the Experts," Financial Research Associates, New York City. (May 19, 2009).

Sherman, H. David, CFO Rising Conference, "Management implications of IFRS," CFO Publishing/Economist Group, Orlando, Florida. (March 9, 2009).

Sherman, H. David, 7th Hedge Fund Auditing, Accounting, & Administration Forum, "Hedge Fund Fair Value Accounting Issues," Financial Research Associates, New York City. (December 12, 2008).

Sherman, H. David, 20th Asia-Pacific Accounting Conference on International Accounting Issues, "Why you joined or should want to be on the Audit Committee – the most influential Board committee," Several universities in US and Europe, Paris, France. (November 12, 2008).

Sherman, H. David, OR 50 - 50 Years of Operations Research, "KEYNOTE - 30 Years of DEA - Past, present and future directions," OR Society of UK, York, England. (September 9, 2008).

Sherman, H. David, Eastern Economic Association Meeting, "Managing Service Quality and Productivity with DEA," Eastern Economic Association, Boston, MA. (March 9, 2008).

Invited keynote address - Developments in DEA and Introduction to Quality Adjusted DEA, (also in published abstracts) - DEA Symposium 2007, Operations Research Society of Japan, Osaka, Japan - February 19-20, 2007

Service Productivity Management with DEA, Mitsubishi-UFJ Bank, Tokyo, Japan - Feb. 2007

Can You Trust the Profits Now? Shareholder Reporting Developments the US and Global Issues - Osaka University Accounting Faculty Seminar, Osaka, Japan - Feb. 2007.

Shareholder Reporting Developments the US versus Europe and Asia - Nanzen University Accounting and Finance faculty seminar, Nagoya, Japan - Feb. 2007

Can You Trust the Profits Now? Naval Postgraduate School Faculty Seminar, Monterey, California, Feb. 27, 2007

Fannie Mae and the Shareholder Reporting Environment: Complexity, Politics and Financial Literacy, Executive MBA Program, Northeastern University - Feb. 9, 2007.

Panelist on Future Developments and Applications in DEA (with two DEA academic researchers: Prof. Paradi - Canada and Prof. Fare - Norway), 5th International Conference on DEA, India School of Business, Hyderabad, India, January 5, 2007

Seeking the DEA Tipping Point and Introduction to Q-DEA, 5th International Conference on DEA, India School of Business, Hyderabad, India, January 6, 2007

Sherman, H. David (Presenter & Author), CBA Research Seminar, "Seeking the DEA Tipping Point," CBA - Research Seminar, Boston.

Sherman, H. David (Presenter Only), CFO in the C-Suite - enabling Sustainable Innovations and Profitable Growth(Invitation only), "Partnering with the Board's Audit Committee to Drive Excellence in governance and Management Information Reporting," CFO Magazine, New York.

Sherman, H. David (Presenter & Author), American Accounting Association National, "Q-DEA - management accounting," American Accounting Association, Washington DC.

Sherman, H. David, Nat6ional AAA meeting, "Benchmarking to Seek Lower-Cost High-Quality Service with DEA," American Accounting Association, Washington DC.

Sherman, H. David, Board Leaders Meeting, "Directors, Beware of Post Sox False Sense of Accounting Security," Board Leaders, Boston MA.

Sherman, H. David, INFORMS International Meeting, "Hospital Quality Measurement Framework for Research and Quality Improvement," INFORMS, Hong Kong.

Sherman, H. David (Presenter Only), CFO Rising Conference, "Can You Trust the Profits Now - - When can the CFO Refocus on Value?," CFO Magazine, Orlando, Florida.

Sherman, H. David (Presenter Only), Microsoft Industry Solutions University, "Accounting Firms in the Regulatory Age," Microsoft Corp., Dallas Texas.

Sherman, H. David, CBA Board of Visitors, "Shareholder reporting after Sarbanes-Oxley - Can we trust the profits now?," CBA, Boston, MA.

Sherman, H. David, National Meeting, "Shareholder Reporting in the Current Regulatory Environment: Perspectives from SEC Academic Fellows," American Accounting Association, San Francisco, CA.

Sherman, H. David, Taub, S., Bailey, A., Markel, S., National Meeting, "SEC Update - CPE Session," American Accounting Association, San Francisco, CA.

Sherman, H. David, International Conference on Contemporary Management Accounting, "Keynote Address: Can You Trust the Profits Now - Implications of US scandals and SOX legislation on international shareholder reporting and investor confidence," Center for Accounting Studies Xiamen University, Xiamen, China.

Sherman, H. David, Corporate Governance Seminar, "Can You Trust the Profits Now: Influence of Sarbanes- Oxley on Global Governance Practices," Institute of Chartered Accountants of Ireland - Dublin University, Dublin, Ireland.

Sherman, H. David, CFO Rising Conference, "Can You Trust the Profits Now: Post Sarbanes Oxley- the role of the CFO and the unsolved problems of shareholder reporting," CFO Magazine, Orlando, FL.

Sherman, H. David, Management Discussion and Analysis in the 10K, "Financial reporting from the CFO's perspective (Prof. Ron King-faculty)," Washington University, St Louis.

Sherman, H. David, Microsoft Industry Solutions University Conference, "Outlook for the Accounting Industry," Microsoft Corp., Orlando, FL.

Sherman, H. David, SEC meeting of accountants education program, "Profits You Can Trust," Securities and Exchange Commission, Washington D.C..

Sherman, H. David, Taub, S., Bailey, A., Markel, S., National Meeting, "SEC Update - CPE Session," American Accounting Association, San Francisco, CA.

Sherman, H. David, North American Productivity Workshop, "Benchmarking with Quality Adjusted DEA: Evidence from one bank application," University of Toronto, Toronto, Canada.

Industry and Academic Experience

A member of the College of Business Administration faculty since 1985, Professor Sherman served as an adjunct professor at the Tufts University School of Medicine through 2006. He has been on the faculty of the MIT Sloan School of Management and was visiting faculty at INSEAD in Fontainebleau, France, from 1999-2002 and Naval Postgraduate School in 2007. Professor Sherman spent 2004 and 2005 as the Academic Fellow in Corporate Finance at the SEC, working on current shareholder reporting issues for US and international businesses. Professor Sherman has served as director, manager, and consultant to financial, healthcare, and high technology businesses, including BankBoston; EMC; KLA; A.T.Kearney (BankAmerica); U.S. Bancorp; Fidelity Brokerage Services (FMR Corp.); CRESAP; U.S. Department of Defense, managing health care programs; Department Of Supply and Services (Government of Canada); and INSEAD. He has also served as a board member and manager of several new ventures from start-up to IPO and sale to acquiring private and public companies. A Certified Public Accountant, Professor Sherman has practiced with Coopers & Lybrand and served on an advisory task force of the Financial Accounting Standards Board (FASB). Board Experience: - China HGS Real Estate (Hanzhong, China) - NASDAQ– Board member and Chair of the Audit Committee (2010 – present) - D-Tree Interanational – Boston and Tanzania – Board member and Treasurer – (2010 – present ) – Not for profit - develops treatment protocols for the most commonly diagnosed illnesses programmed into inexpensive mobile phones for use by frontline health workers in both clinical and community settings - Prior board positions include Wright Laboratories and CHINA GROWTH ALLIANCE

Professional Services

Professor Sherman is a member of the editorial board for Health Care Management Science (INFORMS). He is also an active member of AICPA and Massachusetts Society of CPAs.

Recent Press

Compliance Week, "Lehman Mess: Bad Intent, or Just Bad GAAP?" (March 2010)

Red Orbit, "China HGS Appoints Three Independent Directors, Enhances Corporate Governance" (Jan 2010)

Investor Advisor Week, "FASB proposal likely to add cost, liability to difficult valuations" (Sept 2009)

Financial Planning, On Wall Street, Bank Investment Consultant, American Banker, Structured Finance News, "Mark-to-market: Fair in theory, but of what value" (Sept 2009)

Compliance Week, "GAAP interpretations create problems for GE" (Aug 2009)

Ignites, "FAS 157 Challenge Inspires New Services" (Aug 2009)

CFO.com, "Abbreviated IFRS to simplify accounting methods in small companies" (July 2009)

CFO.com, "Private Companies Get IFRS Made Easy" (July 2009)

Harvard Business Review, "Goals evolve for audit committees" (June 2009)

Bloomberg Monthly Magazine, "Bank Profits from Accounting Rules Masking Looming Loan Losses" (June 2009)

American Banker, "Investors wary of mark-to-market easing" (May 2009)

Compliance Week, "Accounting professor discusses recent changes to fair-value accounting rules" (April 2009)

CFO.com, "Move toward principles-based accounting regulations could mean more clarity" (March 2009)

CFO.com, "Corporate fraud scandals raise question of auditor liability" (March 2009)

CPA Letter Daily- Smart Brief, "IFRS training could do wonders for your career" (Jan 2009)

Mailing Address

H. David Sherman
422 Hayden Hall
Northeastern University
Boston, Massachusetts  02115-5000