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Dr. Richard (Zhe)  Wang, CFA, CMA

Dr. Richard (Zhe) Wang, CFA, CMA

Assistant Professor

Office: 3615 - Lumpkin Hall
Phone: 217-581-2527
Fax: 217-581-6642
Email: zwang@eiu.edu

Dr Wang earned his Ph.D. from Victoria University of Wellington, New Zealand. He is currently an Assistant Professor of Accounting at EIU, teaching both undergraduate and MBA accounting classes. Dr Wang's research investigates the use of accounting information in equity valuation in the stock market, and has been published in several peer-reviewed journals and conference proceedings. 

A former Big 4 auditor (Deloitte), Dr. Wang has travelled extensively around the world. He was born and raised in China but have studied, worked and lived in Ireland, New Zealand and Australia before coming to the US.  While in New Zealand and Australia, he taught accounting in elite universities such as the Victoria University of Wellington (VUW) and the Australian National University (ANU).

Dr. Wang is a CFA Charterholder and Certified Management Accountant (CMA). In 2012, he received the ICMA Gold Medal for achieving the highest CMA exam scores in the world. He currently serves on the CMA Exam Review committee of the Institute of Management Accountants.

Frequently Taught Courses

Intermediate Accounting;  Financial Accounting Standards (MBA); Accounting from a Managerial Perspective (MBA), Managerial Accounting.


  • PhD in Accounting (2010), Victoria University of Wellington, New Zealand
  • BCA with Honours (1st Class) in Accounting (2006), Victoria University of Wellington
  • BCA in Accounting & Commercial Law (2005), Victoria University of Wellington

Professional Organizations

Institute of Management Accountants, CFA Institute.

Speakers Bureau

For more information, please visit the Speakers Bureau Webpage.

Career planning for international students and the accounting/finance majors. How to use accounting information to improve business decision-making. Doing business in the Asia-Pacific rim, particularly in China, New Zealand and Australia.


Financial Statement Analysis, Equity Valuation, Fair Value, Accounting Conservatism, Corporate Strategy. 

Selected Publications

  • Measures of Accounting Conservatism: A Construct Validity Perspective (2009), Journal of Accounting Literature, with Ciaran O Hogartaigh and Tony van Zijl.
  • The Asymmetric Market Valuation of Nonrecurring Items and Accounting Conservatism (2012). Academy of Business Journal, Vol. 2.
  • Operating Risk and Accounting Conservatism: An Empirical Study (2013), The International Journal of Business and Finance Research.
  • The Hidden Message in AFS Securities of US Banks, (2014), The International Journal of Business and Finance Research, with Menghistu Sallehu.

Selected Conference Presentations

AAA, EAA, AFAANZ, UTS Summer Accounting Consortium, Academy of Business Research, etc.

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