Richard Sathe

Professor, Accounting

rssathe@stthomas.edu

(651) 962-5115

2115 Summit Ave
McNeely Hall 345
St. Paul, MN 55105

B.A., Accounting and History-Political Science, Concordia College
Ed.D., Educational Leadership, University of St. Thomas
M.B.A., Auditing, University of Minnesota

See publications in UST Research Online

Richard S. Sathe joined the University of St. Thomas faculty in 1990. He teaches in the undergraduate, UST MBA and Master of Science in Accountancy programs. His teaching interests include a broad spectrum of financial accounting courses and professional ethics. Sathe's research covers different public interest dimensions in the field of accounting. One area is education and professional development of those entering the accounting profession. Another area is accounting and reporting for nonprofit organizations. He has published articles in Accounting Education: an international journal, Critical Perspectives on Accounting and CPA Journal. Sathe received his B.A. in business administration--accounting and history/political science from Concordia College, Moorhead, Minn.; his M.B.A. in auditing from the University of Minnesota, and his Ed.D. in educational leadership from the University of St. Thomas.

Fall 2017 Courses
Fall 2017 Courses
Crs - Sec Title Days Time Location
ACCT 215 - 06 Managerial Accounting - T - R - - - 1525 - 1700 MCH 116
Description of course Managerial Accounting : CRN: 42803
This course is designed to give students an understanding of how accounting and business information is used in planning, budgeting, decision-making, and performance evaluation. Prerequisite: ACCT 210
Schedule Details
Location Time Day(s)
ACCT 572 - 711 International Accounting - T - - - - - 1800 - 2100 SCH 419
Description of course International Accounting : CRN: 42819
This course examines how accounting principles and practices across different countries stem from cultural, socioeconomic, and political factors. The course further examines how these factors affect internal and external accounting information for companies with international operations. It includes an examination of International Financial Reporting Standards (IFRS). -- Prerequisite: ACCT 312 or equivalent.
Schedule Details
Location Time Day(s)
J-Term 2018 Courses
J-Term 2018 Courses
Crs - Sec Title Days Time Location
Spring 2018 Courses
Spring 2018 Courses
Crs - Sec Title Days Time Location
ACCT 210 - 04 Intro to Financial Accounting M - W - - - - 1335 - 1510 MCH 116
Description of course Intro to Financial Accounting : CRN: 21733
Financial accounting is an integral part of the planning, reporting and control functions of every business. Financial accounting data provide insights about the firm's financial condition, operating results, cash flows and capital structure to facilitate decision making. This course introduces the primary financial statements, fundamental financial accounting terminology and calculations, as well as the interpretation and analysis of financial statements. Ethical aspects of accounting are included. Prerequisites: Sophomore standing
Schedule Details
Location Time Day(s)
ACCT 210 - 09 Intro to Financial Accounting M - - - - - - 1730 - 2115 MCH 116
Description of course Intro to Financial Accounting : CRN: 21738
Financial accounting is an integral part of the planning, reporting and control functions of every business. Financial accounting data provide insights about the firm's financial condition, operating results, cash flows and capital structure to facilitate decision making. This course introduces the primary financial statements, fundamental financial accounting terminology and calculations, as well as the interpretation and analysis of financial statements. Ethical aspects of accounting are included. Prerequisites: Sophomore standing
Schedule Details
Location Time Day(s)
ACCT 410 - 01 Advanced Accounting M - W - - - - 1525 - 1700 MCH 116
Description of course Advanced Accounting : CRN: 21762
The special accounting considerations of nonprofit organizations, the formation and operations of a partnership, home and branch office reporting systems and the preparation of consolidated financial statements. Prerequisite: A minimum grade of C- in ACCT 312, BETH 301, Senior standing or permission of department chair.
Schedule Details
Location Time Day(s)
Academic and Professional Positions
  • Full Professor, University of St. Thomas, St Paul / Minneapolis (2011 - present)
  • Accounting Department Chair, University of St. Thomas, St Paul / Minneapolis (2013 - 2017)
  • Associate Professor, University of St. Thomas, St. Paul / Minneapolis (2001 - 2011)
  • Accounting Department Adjunct Faculty Coordinator, University of St. Thomas, St. Paul / Minneapolis (2005 - 2007)
  • Accounting Department Chair, University of St. Thomas, St. Paul / Minneapolis (2000 - 2005)
  • Assistant Professor, University of St. Thomas, St. Paul / Minneapolis (1993 - 2001)
  • Acting Dept Chair - Accounting Dept, University of St. Thomas, St. Paul / Minneapolis (1998 - 1998)
  • Instructor, University of St. Thomas, St. Paul / Minneapolis (1990 - 1993)
  • Financial Analyst, Krelitz Industries, Inc, Minneapolis (1985 - 1990)
  • Senior Auditor, Ernst & Whiney, Minneapolis (1981 - 1985)
  • Graduate Assistant, Department of Accounting, University of Minnesota, Minneapolis (1980 - 1981)

Professional Memberships
  • American Institute of Certified Public Accountants
  • Minnesota Society of Certified Public Accountants

Professional Service
  • American Accounting Association Public Interest Section, Reviewer
  • Westwood Lutheran Church - Financial Management,

Publications
  • Mortenson, K. G., & Sathe, R. S. (2017). A case study of group processes and student evaluation of teaching. Accounting Education: A Journal of Theory, Practice and Research, (27)(1), pp. 28-53
  • Sathe, R. S. (2013). Midwest youth rowing club: A case of financial responsibility in a transient member nonprofit organization. Business Case Journal, (20)(2), pp. 40-47
  • Asdemir, O., & Sathe, R. S. (2012). Understanding transient member nonprofit organization. Journal of Contemporary Business Issues, (18)(2), pp. 15-29
  • Sathe, R. S. (2010). CPA licensure without examination: Legitimation and resistance. Critical Perspectives on Accounting, (21)(6), pp. 496-508
  • Sathe, R. S. (2009). Using the cohort model in accounting education. Accounting Education: An International Journal, (18)(1), pp. 33-49
  • Busta, B., Becker, D., Saly, P., Sathe, R. S., & Mooney, K. (2007). Effective campus recruiting: The faculty perspective. The CPA Journal, (77)(7), pp. 62-65
  • Rexeisen, R. J., & Sathe, R. S. (2005). Prudent fiscal stewardship: Estimating the expected monetary value of an educational program. International Education Journal, (6)(3), pp. 297-307

Books and Chapters

Research Interests
  • Accounting
  • Business Education
  • Ethics and Corporate Responsibility
  • International Business

Awards and Honors
  • University of St. Thomas Accounting Club's 2012-13 Accounting Professor of the Year Award, 2013

Presentations
  • "How the fifth year is becoming the minus-1 year: What it means for the accountancy profession and the public interest" AAA Public Interest Conference, Orlando, Florida, April 01, 2016
  • "How the fifth year became the minus-1 year. What it means for the accountancy profession" North American Accounting Society, Chicago, Illinois, March 01, 2015
  • "How the cohort model affects instructor evaluations" North American Accounting Society, Chicago, Illinois, March 01, 2014
  • "A linguistic analysis of nonprofit organizations' form 990s" OCB Faculty Research Symposium, Minneapolis, Minnesota, April 01, 2013
  • "A linguistic analysis of nonprofit organizations' form 990s" North American Accounting Society, Chicago, Illinois, February 01, 2013
  • "Midwest youth rowing club: A case of financial responsibility in a transient-member nonprofit organization" Society for Case Research, Chicago, Illinois, March 01, 2012
  • "Understanding transient-member nonprofit organizations" North American Accounting Society, Chicago, Illinois, March 01, 2012
  • "Telling their stories: Not-for-profit organizations and IRS form 990" North American Accounting Society Annual Meeting, Chicago, Illinois, March 01, 2010
  • "Disciplinary action as a measure of CPA competence" North American Accounting Society Annual Meeting, Chicago, Illinois, January 01, 2009
  • "A case study of CPA licensure without examination" Critical Perspectives on Accounting, New York, New York, April 01, 2008
  • "Understanding the legislative process regarding accounting laws" AAA - American Accounting Association Midwest Regional, Detroit, Michigan, March 01, 2008
  • "Accounting education as a rite of passage" North American Accounting Society Annual Meeting, Chicago, Illinois, March 01, 2007
  • "A critique of director accountability and governance quality under the business judgment rule" AAA - American Accounting Association, Washington, District of Columbia, August 01, 2006
  • "Cohorts and internships: Investigating the socialization of accountants" Critical Perspectives on Accounting conference, New York, NY, April 01, 2006
  • "Cohorts and internships: Investigating the socialization of accountants" AAA - American Accounting Association, San Francisco, California, August 01, 2005
  • "Ethics and the Nature of a Profession" International Business Summer Studies Programme, Regent's Park College, Oxford, England, United Kingdom, August 01, 2004
  • "Prudent Fiscal Stewardship: How to Estimate the Expected Monetary Value of an Educational Program" Association of Private Enterprise Education International Convention, Nassau, Bahamas, April 01, 2004
  • "Liminal Events, Crises, and Discontinuities: Frameworks for Analyzing and Writing Accounting History" Accounting, Business and Financial History Conference, Cardiff, Wales, United Kingdom, September 01, 2003
  • "The Cohort Model in Accounting Education: A Study of Its Socialization Effects" American Accounting Association, St. Louis, MO, April 01, 2003
  • "Fraud and Independence Issues" North American Accounting Society Annual Meeting, Chicago, Illinois, March 01, 2003
  • "Is It Time to Update the Accounting Curriculum?" North American Accounting Society Annual Meeting, Chicago, Illinois, March 01, 2003
  • "The Cohort Model in Accounting Education: A Study of Its Socialization Effects" American Academy of Accounting and Finance Annual Meeting, New Orleans, Louisiana, December 01, 2002