John Hepp

John Hepp

Clinical Assistant Professor of Accountancy

  • Email

Contact

95 Wohlers Hall

1206 S. Sixth

Champaign, IL 61820

217-244-9061

jhepp@illinois.edu

Listings

Educational Background

  • Ph.D., Accounting, University of Wisconsin at Madison, 2004
  • M.S., Accountancy, Northern Illinois University, 1982
  • B.S., Accountancy, Northern Illinois University, 1980

Positions Held

  • Clinical Assistant Professor, University of Illinois at Urbana-Champaign, 2015 to present
  • Partner, Professional Standards Group, Grant Thornton LLP, 2005-2015
  • Assistant Professor of Accounting, Suffolk University, 2004-2005
  • Curriculum Consultant, East West Management Institute, 2003
  • Senior Consultant, Aries Group, 2003
  • Senior Consultant, IBTCI, 2001
  • Senior Consultant, Deloitte Emerging Markets, 2000-2001,2003,2004
  • Team Leader, IBTCI, 1997-1999
  • Project Manager, Financial Accounting Standards Board (FASB), 1995-1997
  • Controller, Agency for International Development (USAID), 1987-1994

Recent Publications

  • Hepp, J. (2018). ASC 606: Challenges in Understanding and Applying Revenue Recognition. Journal of Accounting Education,.

Other Publications

Other Publication

  • Hepp, J. (2013). CFO Survey: Selected Results.
  • Hepp, J. (2012). Are All Leases Created Equal?
  • Hepp, J. (2012). Rethinking the Right-of-Use Asset.
  • Hepp, J. (2011). Recognition is Derecognition.
  • Hepp, J. (2010). Preparing for the New lease Accounting.
  • Hepp, J. (2010). Private Companies.
  • Hepp, J. (2002). Audit Quality and Institutional Structures.

Honors and Awards

  • List of Teachers Ranked as Excellent by their Students, University of Illinois at Urbana-Champaign, 2017

Current Courses

  • Accounting Analysis II A (ACCY 502) In-depth study of accounting valuation processes, accounting income measurement, and special reporting problems of multiple-entity organizations. 2 or 4 graduate hours. No professional credit. May be repeated up to 4 hours for iMSA and online students that complete the first part of the course content in a 2-hour section (part A) and then complete the remainder of the class in a second 2-hour section (part B).
  • Accounting Analysis II B (ACCY 502) In-depth study of accounting valuation processes, accounting income measurement, and special reporting problems of multiple-entity organizations. 2 or 4 graduate hours. No professional credit. May be repeated up to 4 hours for iMSA and online students that complete the first part of the course content in a 2-hour section (part A) and then complete the remainder of the class in a second 2-hour section (part B).
  • Financial Reporting Standards (ACCY 510) Stakeholders' needs for reliable and relevant information about the performance of firms, as well as managers; economic self-interests, influence managers' selection of accounting policies and financial reporting methods. This course selectively surveys both academic research and professional standards to focus on the measurement, classification and disclosure of financial transactions. Cases, class discussion and research projects emphasize independent thinking, group processes, and communication. 4 graduate hours. No professional credit.

Contact

95 Wohlers Hall

1206 S. Sixth

Champaign, IL 61820

217-244-9061

jhepp@illinois.edu