Professor Emeritus, Managerial Accounting and Control
Professor Bryant holds a B.Com. (Canterbury), a M.Com.(Auckland), a M.A. (Ohio State), a Ph.D. (Cincinnati), and a CA (New Zealand).
He joined the Ivey Business School in 1996. Since 1980 he was a member of the Faculty of Management at the University of Toronto, where he taught extensively in degree and non-degree programs. His teaching and research area is accounting, particularly the area of Strategic Costing for management decision making. He has published articles, monographs and cases in this field, some of which have been international prize winners. In 1996, he received the prestigious OCUFA award, a province-wide teaching award for teaching, program innovation, and program leadership for his work as Director of the Executive MBA program from 1992-1996 at the University of Toronto.
Professor Bryant is currently director of the London and Southwestern region Local Health Integration Network, and the research director for the Blue Ribbon Commission on the Governance of Executive Compensation. He is also active in a number of other organizations, including the Canadian Deposit Insurance Corporation, Domtar, Industry Science Canada, and Unum Corporation. He previously taught at IMI, Ohio State University, University of Cincinnati, University of Auckland (NZ), University of Otago (NZ), University of Manitoba, Johannes Keppler Universitaet (Austria), and LIMAK Internationale Management Akademie (Austria).
- Managerial Accounting & Control, MBA Program
- BCom, Canterbury
- MComm, Auckland
- MA ,Ohio State
- PhD, Cincinnati
Recent Refereed Articles
Bryant, M.J., Sigurjonsson, T.O., Mixa, W.M.,
2014, "Restoring Trust in Public Institutions and the Financial System", International Journal of Economics and Accounting 5(4): 306 - 319.
Abstract: Control systems rely jointly upon the rule of law and firm, system and government level governance processes. When these elements fail, the glue of society, trust, is broken. Consequently, if trust is broken there needs to be a concerted effort on the part of all market participants to rebuild trust. The failure of the financial system in Iceland in 2008 was catastrophic. The failure was systemic and from a public policy perspective, was a story of financial integrity with application beyond Iceland. This paper documents in a coherent manner the various mechanisms that were employed by government; its regulatory agencies; its judicial processes and the reconstituted banks themselves to rebuild trust. This paper is supplemented by interviews as well as an analysis of the mechanisms adopted, providing key lessons for governance and public policy.
Link(s) to publication:
1999, "Mapleview Hospital", Journal of Accounting Case Research, Winter 5(1): 88 - 102.
Bryant, M.J., Mahaney, M.C.,
1981, "The Politics of Standard Setting: In Dealing with Accounting Inconsistencies, Keep in Mind that Rules are Responses to Problems and Not Necessarily Solutions to Them", Management Accounting, March 62(9): 26 - 31.
Abstract: Standard setting in the accounting field is a political process; therefore, any theory of accounting must be a positive one, rather than a normative postulate. The normative approach to accounting has been rejected on the grounds that it is impossible to achieve consensus on an appropriate paradigm. A positive theory provides hypotheses capable of empirical verification and furnishes a basis by which to evaluate the economic consequences of accounting standards. The accounting profession is legally bound to use Financial Accounting Standards Board (FASB) accounting standards recognized by the Securities and Exchange Commission (SEC). The Securities Act of 1933 and the Securities Exchange Act of 1934 delegate authority to the SEC to determine the accounting practices used in the financial reports of corporations subject to those laws. When the FASB proposes a rule, it solicits comments from interested parties. FASB's role is to improve financial reporting with due regard for the problems and needs of preparers and users of financial information, while at the same time being responsive to various pressures, including those from government.
Honours & Awards
- Ontario Confederation of University Faculty Associations (OCUFA) Teaching Award 1996 given for program innovation for the Executive MBA Program at the University of Toronto.
- Assoc. Professor; Ivey Business School, Western University (1998-present)
- Assoc. Professor, The Rotman School of Management, University of Toronto (1980-98)
- Director, Executive MBA Program, UofT (1991-96)
- Associate Dean, MBA Programs, UofT (1993-96)
- Discipline Rep., Erindale College (1983-88)
- Written some 25 cases in Managerial Accounting including: Caribbean Internet Café; Surgeons of Steel; Flawless Tool and Die Manufacturing; Fisher and Paykel Limited; Kookaburra Limited. In health care: Mapleview Hospital; St. Catharines General Hospital; Note on the Ontario Health Care System; Gamma-Dynacare
- Currently developing a course in health care management.