Ricardo Colon

Contact

Dr. Ricardo Colon
Associate Professor of Accounting
School of Accounting & Information Systems

Phone: (409) 880-8618
Email: rcolon@lamar.edu
Office: Galloway Business Building Room 226


LL.M.   University of Houston Law Center
J.D.   Loyola University New Orleans
M.S.A.   Tulane University
B.B.A.   Loyola University New Orleans

Courses Taught

Masters:

Course Title to Change with Topic (Special Topics)
Entity Taxation 
Financial Accounting Research Procedures 
Regulation and Professionalism 
Special Topics in Business Law
Tax Research
Taxation Accounting I

Bachelors:

Intro to Financial Accounting 
Introduction to Auditing 
Systems & Practice Applications 

Courses taught, but not in the Schedule:

Systems and Practice Applications
Introduction to Financial Accounting I
Introduction to Financial Accounting II
Federal Income Taxation (Individual)
Advanced Accounting
Auditing
Financial Accounting Seminar
Introduction to Constitutional Law
Cost Accounting

Professional Experience

Academic Experience 

Associate Dean of Academic Affairs, University of Puerto Rico at Cayey (June, 2011 - May, 2012), Cayey, Puerto Rico. Assist the Dean of Academic Affairs with oversight and allocation of an instructional budget of approximately $14.5 million based on institutional goals. Ensure compliance with academic policies. Assist and oversee accreditation processes for academic programs. Maintain effective communication of academic matters with program heads. Coordinate course schedules. Represent UPR-Cayey academic programs to officers and faculty throughout the University of Puerto Rico system.

Assistant Professor, University of Puerto Rico at Cayey (August, 2008 - May, 2012), Cayey, Puerto Rico. Teach undergraduate courses in Auditing, Federal Income Taxation, Advanced Accounting, Cost Accounting, and Principles of Accounting. Participate in faculty committees including Assessment and Curriculum. Advise students regarding curriculum and graduation requirements. Mentor of the Accounting Student's Association. Member of the Steering Committee on ACBSP accreditation of the business program. Vice-Chairman of Steering Team for Middle States Commission of Higher Education monitoring report on Standard No. 3 (Institutional Resources), Standard No. 7 (Institutional Effectiveness) and Standard No. 14 (Assessment of Student Learning Outcomes).

Adjunct Professor, Inter American University of Puerto Rico (August, 2008 - March, 2011), San Juan, Puerto Rico. Teach undergraduate courses in Auditing, Advanced Accounting, and Financial Accounting Seminar.

Non-Academic Experience 

Instructor, Lambers CPA Review (January, 2011 - May, 2012), San Juan, Puerto Rico. Teach CPA review courses in the areas of Auditing (AUD) and Regulation (REG).

Tax Attorney (Tax Law, Appeals and Litigation), Exxon Mobil Corporation (September, 2006 - June, 2008), Houston, Texas. Researched legal issues related to federal tax laws, regulations, and state and local taxes. Drafted legal memoranda analyzing tax planning positions. Represented the corporation before the California State Board of Equalization and sustained a tax credit of approximately $4.5 million. Represented the corporation at a hearing before the Alabama Department of Revenue on litigation regarding related company interest expense deductions. Drafted protests to tax assessments issued by state revenue agencies. Drafted responses to information document requests issued by state revenue agencies and the Internal Revenue Service (IRS). Drafted legal memoranda submitted to the IRS Appeals Office. Participated in hearings before the IRS Appeals Office.

Law Clerk, Securities and Exchange Commission (May, 2005 - July, 2005), Washington, District of Columbia. Summarized findings of examinations of self-regulatory organizations such as NASDAQ and AMEX. Researched Sarbanes-Oxley provisions pertaining to the Public Company Accounting Oversight Board. Drafted legal memoranda regarding securities laws.

Law Clerk Externship Program, United States Bankruptcy Trustee (August, 2004 - May, 2005), New Orleans, Louisiana. Conducted legal research regarding bankruptcy laws. Drafted motions to dismiss bankruptcy petitions based on substantial abuse. Analyzed feasibility of debtor's Chapter 11 and Chapter 13 reorganization plans. Identified repeat filers of bankruptcy petitions for dismissal.

Auditor, Kenane Grant Thornton, LLP (October, 2002 - July, 2003), San Juan, Puerto Rico. Audited financial statements of clients in various industries, including oil and gas, construction, professional services and restaurant franchises. Completed tests of internal controls and substantive tests of account balances, including cash, accounts receivable, inventory, fixed assets, and short- and long-term debt. Prepared financial statements and drafted management recommendation letters. Performed year-end inventories.

Staff Auditor, Arthur Andersen, LLP (August, 2001 - May, 2002), San Juan, Puerto Rico. Audited financial statements of clients primarily in the pharmaceutical and telecommunications industries. Performed tests of internal controls and substantive test of account balances, including cash, accounts receivable, fixed assets, and accounts payable. Drafted management recommendation letters. Conducted year-end inventories.

Consulting 

2013-2014:  Community Development Education Foundation, County Energy Transportation Reinvestment Zone (CETRZ) and Transportation Reinvestment Zone program (TRZ), Consulting project in conjunction with the Lamar University Construction Management Program for the implementation of the County Energy Transportation Reinvestment Zone (CETRZ)  legislation and Transportation Reinvestment Zone program (TRZ) legislation which provide new financing alternatives to fund road construction projects in Texas.

Service

Professional Service 

Board Member: Board of Trustees:
2018 – 2020:  Accounting Education Foundation of the TSCPA, Dallas, Texas.  My role as Trustee of the Accounting Education Foundation is to ensure that the foundation maintains its mission of promoting and rewarding educational excellence in Texas.  The Foundation accomplishes these two goals by awarding scholarships to Texas students and recognizing outstanding Texas educators.  Lamar University students have benefitted from the scholarships provided by the Foundation.
Board of Directors: Substantial Involvement
2019 – 2020:  Texas Society of CPAs, Beaumont, Texas.  I currently serve as liaison between the Southeast Texas Chapter and the School of Accountancy and Information Systems.
2018:  Southeast Texas TSCPA Board, Beaumont, Texas.  Along with Dr. Gisele Moss and professor David Rose, I serve as liaison between the Board and the Department of Accounting at Lamar University.  Every year, the Chapter organizes a tailgate in the Fall Semester to encourage networking among Lamar accounting students and local practicing CPAs.  The Board also plans fundraising activities for Lamar accounting scholarships.  Every Spring semester, the TSCPA performs a luncheon with Lamar University accounting students.   The TSCPA also reaches out to students by participating in Meet the Firms during the Fall and Spring Semesters and sponsors free memberships for students in the organization.
2015:  Southeast Texas TSCPA Board, Beaumont, Texas (Regional).  Board members are responsible for planning events that have an impact in the local CPAs.  
2014:  Southeast Texas TSCPA Board, Beaumont, Texas (Regional).   Elected Board Member for the Southeast Texas Society of CPAs.  Attend and participate in board meetings.

Reviewer - Article/Manuscript
2016:  Journal of Forensic and Investigative Accounting, Virtual, Louisiana.  Reviewed article entitled Bucket Shops and Regulatory Change: An Accounting Perspective submitted for publication in the Journal of Forensic and Investigative Accounting.

Leadership role in professional/scientific society
2020:  Texas Society of CPAs.  Member of the TXCPA Awards Committe. This committeee is responsible for selecting award recipients at the state level.  Some of the awards include: Rising Stars, Young CPA of the Year, and Distinguished Member.

Member: Committee/Task Force
2020:  SE Texas Chapter of Texas Society of CPAs.  Member of the TXCPA Southeast Texas Chapter Scholarship Committee.  The Committee, which consists of four members, evaluates scholarship applications submitted by students.

Other Professional Service Activities
2013:  Community Development Education Foundation, Beaumont, Texas (State).  Consulting project in conjunction with the Lamar University Construction Management Program for the implementation of the County Energy Transportation Reinvestment Zone (CETRZ)  legislation and Transportation Reinvestment Zone program (TRZ) legislation which provide new financing alternatives to fund road construction projects in Texas.

 

Institutional Service 

Department Assignments

Faculty Advisor:
2015-2016 – 2017-2018:  Beta Alpha Psi (Co-Advisor): Serve as co-faculty advisor for Beta Alpha Psi with Mr. David Rose.  In the year 2014-2015, Beta Alpha Psi was recognized as a Distinguished Chapter for second year.  
2015-2016 – 2017-2018:  Association of Latino Professionals for America: ALPFA develops the next generation of Latino professionals via experiential leadership development and mentoring from senior corporate executives, whom we empower into the C-suite and onto corporate boards. ALPFA is also a proven growth accelerator for Latino entrepreneurs, helping them to build networks, access capital, and scale much more rapidly by opening the door to significant business opportunities with our more than 200 Fortune 1000 partners.  
2012-2013 – 2014-2015:  Beta Alpha Psi 
Faculty Sponsor:
2020-2021: TXCPA Faculty Representative
2016-2017: Faculty Mentor for Dr. Orry Swift

Member:
2019: Accounting Advisory Board Member
2016-2017: Faculty Mentor for Dr. Orry Swift

 

College Assignments

Member:

2019-2020: Executive Committee to the College of Business
2017-2018:  BULW 5320 Negotiation and Persuasion Course Development
2017-2018:  CoB Dean Search Committee  
2017-2018:  M.B.A. Exit Exam Committee
2015-2016:  Accreditation and Assessment Committee  
2014-2015:  Accreditation and Assessment Committee Lamar University
2013-2014:  Assessment Committee Lamar University  
2012-2013 – 2013-2014:  Student-Faculty Relations Committee Lamar University  

Chair:

2020-2021: College of Business Strategic Planning (task force - Engagement Innovation & Impact) (Co-Chair)
2015-2016:  College of Business Strategic Planning- Co-Chair: People's Committee: Co- Chair of the People's Sub- Committee of the College of Business Strategic Planning Committee.
The Committee was composed of the following members: (1) Dr. Jimmy Moss (Co-Chair), (2) Ms. Myrna Dunnam, (3) Dr. Kaushik Ghosh, (4) Dr. Charles Hawkins, (5) Dr. Toni Mulvaney, (6) Ms. Kristeen Reynolds (student), (7) Dr. Seok Hwang, and (8) Dr. K.C. Sen.  The Committee's charge was to develop strategies related to personnel, students, alumni and stakeholders for the CoB.  The Committe developed the following strategies: 
  1. Strategy 1:  Promote student participative learning and intellectual growth and discovery.
  2. Strategy 2:  Establish opportunities for the professional development of faculty and staff, especially to develop teaching and research skills, in a manner that is consistent with individual career goals and the CoB’s mission.
  3. Strategy 3:  Develop, implement, and promote service learning projects in the curriculum to the extent that community service becomes a more significant part of the culture in the CoB.
  4. Strategy 4:  Recruit and retain a diverse faculty and staff.

The Committee also developed action plans for each strategy and measures of success.
   

University Assignments

Member:

2019-2020: Lamar University Diversity Program Planning Committee
2019-2020: Unidad Scholars / Men of Excellence Advisory Board
2014-2015:  Lamar University Strategic Planning Committee: Participated in the Committee responsible for creating and drafting the strategic plan for Lamar University.  My participation dealt primarily with the university's mission, values and overarching strategies.  

Mentoring Activities:
2016-2017 – 2017-2018:  SMART- Support & Mentoring to Advance Research & Teaching

Other Institutional Service Activities:
2019-2020: Panel Discussion of Immigration Law, Policy and Enforcement

Thesis Assignments:
2016-2017 – 2017-2018:  Exit Exam Committee for Master of Arts in Teaching Spanish- Lamar University  
2016-2017:  Martin Luther King Institutional Planning Committee 

 

Community Service 

Other Community Service Activities
2013:  Habitat for Humanity, Beta Alpha Psi sponsored activity in which the Zeta Tau Chapter joined local churches to assist building a house for a family in Beaumont.

Intellectual Contributions

Refereed Articles 

  • Sargsyan, G., Venta, E. R., Slaydon, J., Colon, R., & Latiolais, P. (2020).  Analysis of risk management practices of the oil and gas industry in Southeast Texas during Hurricane Harvey.   Journal of Applied Business and Economics, 22 (12), 104-118.
  • Cavaliere, F., Badua, F., & Colon, R. (2020).  Should Accounting for Sustainability be Mandatory?   Today's Cpa.
  • Colon, R. (2018).  Breaking the Code of Silence: A Broader View of Compensatory Damages to Whistleblowers Under Sarbanes-Oxley.  Journal of Forensic and Investigative Accounting.
  • Colon, R., & Sonnier, B. (2016).  The Apportionment of Income from Licensing of Intangibles Under MTC's Proposed Market Based Sourcing Regulations.   Journal of State Taxation.
  • Colon, R., & Sonnier, B. (2016).  The Shift Toward Market-Based Sourcing for Multistate Apportionment of Income from Services.   Journal of State Taxation.
  • Colon, R. (2015).  Independent Auditor's Responsibilities for Violations of the Anti-Bribery Provisions of the Foreign Corrupt Practices Act-- Using Forensic Accounting Procedures to Detect Bribes.   Journal of Forensic and Investigative Accounting, 7 (2), 46-61.
  • Colon, R., Frank, B., & Torres, I. (2015).  Techniques for Closing the Loop in Accounting Pedagogy.   Business Education Innovation Journal, 7 (2), 102-106.
  • Colon, R. & Sonnier, B. (2015).  Domicile and Statutory Residence for State Income Tax Purposes.   Journal of State Taxation.
  • Colon, R. & Sonnier, B. (2015).  Multistate Taxation of Interest Earned on Excess Working Capital.   Taxes--the Tax Magazine, 58-70.
  • Colon, R. (2015).  Sourcing of Sales of Natural Gas Produced on the Outer Continental Shelf for Louisiana Income and Franchise Tax Purposes.   Franklin Business & Law Review Journal.
  • Colon, R., Frank, B., & Torres, I. (2015).  Techniques for Closing the Loop in Accounting Pedagogy.   Business Education Innovation Journal, 7 (2), 102-106.
  • Colon, R. & Bladuell, H. (2014).  Auditors and the Foreign Corrupt Practices Act: Lessons from Latin America.   Research in Accounting in Emerging Economies.
  • Colon, R. (2014).  Louisiana Foreign Trade Zones: A corporate income and franchise tax perspective.   Oil Gas and Energy Quarterly.
  • Allen, L., Lynch, H., & Colon, R. (2014).  The Effect of Monetary Growth on the Relative Price of Coal.   Oil Gas and Energy Quarterly.
  • Allen, L., Lynch, H., & Colon, R. (2014).  The Effect of Monetary Growth on the Relative Price of Coal.   Oil Gas and Energy Quarterly.
  • Colon, R. (2007).  Comment, Caution: Disclosures of Attorney Work Product to Independent Auditors May Waive the Privilege.   Loyola University Law Journal.

Refereed Proceedings 

  • Natarajan, V., Sen, K. C., Radhakrishnan, N., & Broussard, K. (2014).  Loud and Unclear: An empirical vocal analysis of forming of risks versus rewards in direct to consumer television ads.   Business and Health Administration Association (BHAA) Conference.

Book 

  • Colon, R. (2015).  State Tax Jurisdiction: Establishing Nexus for Business Activity Taxes. Germany:  LAP LAMBERT Academic Publishing.  

Presentation of Refereed Papers 

  • Colon, R., Cavaliere, F., Mulvaney, T., & Swerdlow, M. (2020). The Battle Over Fiduciary Responsibility of Pension Fund Managers - The Trump Administration Takes on the ESG Movement.  Southern Academy of Legal Studies in Business Annual Meeting, San Antonio, Texas.
  • Swift, O. & Colon, R. (2019). Content Analysis of Cybersecurity Disclosures.  2019 AAA Midyear Forensic Accounting Research Conference, Saint Louis, Missouri.
  • Colon, R. & Sonnier, B. (2016). Towards a Broader View of Recoverable Damages Under Section 806 of the Sarbanes-Oxley Act. American Accounting Association Forensic Accounting Section 2016 Midyear Research Conference, Charlotte, North Carolina.
  • Colon, R., Burns, C., Rose, D., & Woodcock, D. (2015, March). Bringing Sexy Back: Fraudulent Financial Reporting Continues to Affect U.S. Businesses, but this Time Regulators are on the Lookout.   2015 Mid-Year Forensic Accounting Conference, Denver, Colorado.
  • Colon, R. & Rose, D. (2015, March). Independent Auditor's Responsibilities for Violations of Anti-Bribery Provisions under the Foreign Corrupt Practices Act: Auditing for Bribes.   2015 Mid-Year Forensic Accounting Conference, Denver, Colorado.
  • Colon, R. (2014). Independent Auditor's Responsibilities for Violations of the Anti-Bribery Provisions of the Foreign Corrupt Practices Act (FCPA).   2014 Mid-Year Forensic Accounting Conference AAA, San Antonio, Texas.
  • Colon, R., Badua, F., & Torres, I. (2014). Debit, Credit, Get It? Techniques for Closing the Loop in Accounting Pedagogy.   AAA, Atlanta, Georgia.
  • Badua, F. & Colon, R. (2013). Greening the Accounting Curriculum: How Research into the Nexus Between Accounting and the Environment Can Inform Our Pedagogical Efforts.   AAA, Anaheim, California.  

Grants

Funded

2019 [Year 2 of 2]: Colon, R., Venta, E., Slaydon, J., & Sargsyan, G., Southeast Texas Economic Resiliency and Recovery, Collaborator, Economic Development Administration. Research grant to investigate resilency and recovery activities in Southeast Texas in the aftermath of Hurricane Harvey.