School of Business

Jeffrey Gramlich

L.L. Bean/Lee Surace Professor of Accounting
Jeffrey Gramlich


314 Luther Bonney

Contact Information

Phone: 207.228.8232

PhD-Accounting, University of Missouri at Columbia, 1988
Macc-Accounting, University of Denver, 1981
BA-Accounting, Western State College of Colorado, 1980


Financial statement analysis and firm valuation
Financial accounting
Managerial accounting
Income taxes

Earnings management
Discretionary accruals
Income shifting between related entities
Balance sheet management
Special purpose entities
State corporate income taxes

Chevron/Texaco/Indonesia tax fraud
Earnings management
Discretionary accruals
Special purpose entities
Gun-jumping and spring-loading in corporate acquisitions

Professor Gramlich specializes in financial and tax accounting. He delivers decision-oriented courses in financial and managerial accounting, and individual and corporate US taxation. Professor Gramlich currently heads a task force for the American Taxation Association at the behest of the Chairman of the U.S. Senate Finance Committee to investigate whether certain aspects of the tax returns of publicly-held corporations should be released to the public. Previously, Dr. Gramlich has served the American Taxation Association as Vice-President, Secretary, Chairman of the Publications Committee, Trustee, and as a member of the editorial board of its research journal, Journal of the American Taxation Association. Professor Gramlich published research appears such publications as Contemporary Accounting Research, Journal of Accounting Research, Journal of Business Finance and Accounting, Journal of the American Taxation Association, Accounting Horizons, The Tax Adviser, Oil and Gas Tax Quarterly, and Tax Planning--International Review. His most provocative paper to date, "How Chevron, Texaco and the Government of Indonesia Structured Transactions and Agreements to Save Billions in U.S. Income Taxes," appears as the lead article in the June 2003 issue of Accounting Horizons. Some of Professor Gramlich's current working research papers are "Debt Reclassification, Earnings Persistence, and Capital Market Consequences," and "Special Purpose Entities: What Motivates Firms to Sponsor Them and How Sponsorship Impacts Reported Leverage and Accruals."