Provides students with a solid understanding of capital market research in accounting and empirical research training. The class covers topics such as the relation between stock prices and earnings, stock market anomalies, and analyst and management forecasts. When reading and discussing research papers, students learn how to identify and develop their research questions and to empirically test their research questions. Students replicate some classic finance and accounting papers in order to provide them with some hands-on experience working with databases using SAS statistical programming. The class is designed to help students to better evaluate empirical research and develop new ideas that could lead to a first year paper and dissertation.