> Richard Lambert, PhD Miller-Sherrerd Professor; Professor of Accounting, The Wharton SchoolResearch Interests:Financial reporting, cost analysis, incentive compensation plans About Richard Professor Lambert’s research examines topics within financial and managerial accounting. In particular, he explores how information is related to the cost of capital in firms and how firms use information for performance evaluation. His articles have appeared in the Accounting Review, Journal of Accounting Research, Journal of Accounting and Economics, Rand Journal of Economics, and Strategic Management Journal. He teaches an elective course in financial reporting in both the MBA and WEMBA programs, the core financial accounting class in the WEMBA program, and seminars in the doctoral program. He also teaches in various executive education programs. He is the recipient of several teaching awards. Professor Lambert previously taught at the Kellogg School at Northwestern University and the Graduate School of Business at Stanford University. He received a PhD from Stanford University in 1982, an MS in Statistics from Stanford in 1980, and a BEE in Electrical Engineering from the Georgia Institute of Technology in 1977. Read full faculty bio on Wharton websiteExecutive Education Programs TaughtFinance and Accounting for the Non-Financial ManagerAcademic DirectorLearn how to use financial data to make more-informed business decisions and to evaluate your firm’s performance. Examine core concepts of finance and accounting in a straightforward, easy-to-grasp manner. Financial Literacy for Managers: Finance and Accounting for Better Decision-MakingCheck out Richard Lambert's book from Wharton School Press. In order to understand how your business is performing right now and to evaluate, assess, and devise new strategies to boost future performance, you need information. Financial statements are a critical source of the information you need.