Ricardo Colon

Contact

Dr. Ricardo Colon
Assistant Professor

Phone: (409) 880-8618
Email: rcolon@lamar.edu
Office: Galloway Business Building Room 229


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 
Tax Research 

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 of Directors: Substantial Involvement
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.

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:  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:  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  

College Assignments

Member:
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:
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:
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.  

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 

  • 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. & 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.

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., 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.