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Accounting & Finance

Students interested in pursuing degrees in accounting or finance will find a program that links theory and practice to enhance each graduate’s ability to succeed in a global business environment. An accounting major prepares graduates for careers in public accounting, industry and government. A major in finance builds the skills essential for careers in financial reporting and analysis, investment portfolio management for profit or not-for-profit organizations.

Oakland University's School of Business Administration is one of only 170 business schools -- out of 8,000 around the world -- to hold the elite AACSB-International accreditation in both business and accounting.

Accounting Program Mission, Objectives, Learning Goals & Learning Objectives

Consistent with the missions of the university and the school, the Accounting Program has a tri-faceted mission that encompasses teaching, research, and service.  The accounting program mission is the result of the joint efforts and active participation of the accounting faculty, the alumni, and professionals through the Accounting and Finance Advisory Board (AFAB).

Mission Statement

The mission of the accounting program is to serve students and the business community by:

  • Delivering quality education that leads to a baccalaureate degree in business with a major in accounting, masters degree in accounting, and a masters degree in business administration with a concentration in accounting,
  • Conducting research that is relevant to the needs of accounting academics and practitioners, and
  • Providing service to the university, academic, professional, and business communities.

Accounting Program Objectives
To accomplish this mission, the accounting program has articulated a number of program objectives.  These include:
  1. Develop student skills, abilities, and knowledge
  2. Maintain currency in the accounting curriculum
  3. Support student professional activities
  4. Promote faculty development
  5. Encourage and support intellectual contributions in the accounting and business disciplines
  6. Engage outreach to various stakeholders in the Accounting Program
  7. Enhance participation of faculty in and service to the academic, business, and accounting professional communities
  8. Explore and develop international relationships
  9. Increase diversity in accounting students.

These objectives enhance the accounting program’s ability to provide a challenging educational environment in which to prepare and support our students to be successful in accounting careers; to encourage our faculty to develop professionally and intellectually; and to promote overall participation in activities that support the University and the professional community.

Program Learning Goals & Objectives: Undergraduate Accounting Program

 Learning Goals
 Learning Objectives
LG1: Demonstrate knowledge of Generally Accepted Accounting Principles (GAAP)  
  LO1:  Understand accrual accounting and the major principles of accounting.
  LO2:  Understand the accounting for assets in accordance with U. S. GAAP.
  LO3:  Understand the accounting for long-term liabilities and stockholder’s equity in accordance with U.S. GAAP.

LG2: Demonstrate ability to analyze business transactions and determine their impact on external reported financial statements

  LO4:  Recognize simple economic events and analyze how and why they affect the financial statements.
  LO5:  Recognize complex economic events and analyze how and why they affect the financial statements.
LG3: Demonstrate ability to analyze business costing systems and processes and identify relevant information used for managerial decision-making  
  LO6:  Analyze costing systems and business processes to aid cost management. 
  LO7:  Apply management tools to aid business decision-making.
 LG4: Demonstrate ability to identify risk within accounting systems and recommend controls to minimize that risk  
  LO8:  Understand how risk relates to organizational goals, how controls act to reduce risk, and how accounting and other business information and procedures are used to implement controls.
  LO9:  Analyze and evaluate general internal control strengths and weaknesses in given business contexts.

Program Learning Goals & Objectives: Graduate Accounting Program 

 Learning Goals
 Learning Objectives
 LG1: Demonstrate an understanding of the accounting profession and relevant current issues facing the accounting profession.  
   LO1:  Identify a current contemporary professional issue that is affecting accountants in public accounting, industry, and government.
  LO2:  Understand the evolution of the standard-setting process and the current procedures for promulgating new standards for financial reporting.
LG2: Demonstrate the ability to use effective oral and written communication to express clearly ideas about accounting in a professional manner and tone.  
  LO3:  Be able to articulate an accounting issue in writing that is clear, concise and logical.
  LO4:  Be able to orally communicate an accounting issue in a coherent and effective manner.
LG3: Demonstrate an ability to conduct an accounting or accounting related research study.  
  LO5:  Identify a subject area of accounting to research, perform a literature review, identify theories and frameworks to use, and formulate hypothesis.
  LO6:  Appropriately test hypothesis by investigating sources of data and collecting relevant data
   LO7:  Summarize research findings and prepare conclusion.
LG4: Demonstrate an understanding of accounting information provided by a financial reporting entity and how this information is used in decision-making activities.  
  LO8:  Perform forecasts of the financial and cash flows of a financial reporting entity.
  LO9:  Perform valuation analysis of a financial reporting entity and its impact on portfolio risk and return.
  LO10:  Provide appropriate profitability and risk analyses of a financial reporting entity.
LG5: Expose students to regulatory processes and to the professional accounting environment including professional ethics.  

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Advisory Board

Name Title Company
John Babi Global Commodity Manager  General Motors LLC 
Anthony Belloli Senior Trust Officer  Plante & Moran Trust
Dana Coomes Engagement Senior Manager Plante & Moran
Jack DiFranco Senior Managing Director Finnea Group, LLC
Michael Dingwall Partner KPMG
Rob Dutkiewicz (Chair) Shareholder Clayton & McKervey
William Gonterman


Saab Grewal Director of Asset Management Singh Development, LLC
Judy A. Hegelund AERS National Controller Deloitte Services LP
Kenneth A. Hiltz Principal Alix Partners
Susan A. Kluge Senior V.P. Chief Financial Officer Blue Care Network
Susan J. Koss Director O'Keefe & Associates
Ryan Krause Audit and Assurance The Rehmann Group
Steven W. Linville Executive Director, Financial Services Ernst & Young, LLP
Gerald M. Nanni Senior Manager, Supplier Risk Management Finance & Business Development Finance - NAFTA Chrysler Group LLC
Michael C. Palazzola Partner Derderian, Kann, Seyferth & Salucci
Michael Perazza Partner - Audit Deloitte & Touche LLP
Owen B. Rockentine Vice President - Internal Audit Comerica Inc
Justin Schmidt   Finance Manager  Meritor, Inc
Phillip A. Serra First Vice President - Investments Merrill Lynch
Bradford Southern  Principal  UHY Advisors MI, Inc
Lakshmi Sundaram Managing Director, Operations & Strategic Planning The Private Bank

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Please see the School of Business Administration faculty/staff directory for more information, including office location, link to personal web pages and more.

Mohinder Parkash, Chair (248) 370-4361
Joseph Callaghan (248) 370-3538
Ranadeb Chaudhuri (248) 370-3204
Seong Yeon Cho (248) 370-4307
Gadis Dillon (248) 370-4289
Lori Dorko (248) 370-2124
Donna Free (248) 370-3281
Liang Fu (248) 370-3238
Michael A. Mazzeo (248) 370-2957
J. Austin Murphy (248) 370-2125
Robert Nehmer (248) 370-4980
Sandra Pelfrey (248) 370-3276
Joseph Pia (248) 370-4002
Hong Qian (248) 370-3509
James Serocki (248) 370-2842
Rajeev Singhal (248) 370-3288
Yin Yu-Thompson (248) 370-3693
Sha Zhao (248) 370-4286
Ellen Zhu (248) 370-3289

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The 2015 International Conference on Credit Analysis and Risk Management
August 27-28, 2015 in Basel, Switzerland

This conference is dedicated to special topics in credit risk measurement and management as well as to the discussion of causes and impacts of events on international financial markets and current regulatory activities in the field. Thereby, the conference is intended to expand the knowledge on the functioning of the credit business through discussion of both existing and new methods and models of credit analysis, credit risk management and related topics such as relationship lending and regulation.

The conference (which originated at Oakland University in 2011) shall bring together academics, practitioners and PhD students active in the field of credit risk management: While a portion of the conference will be reserved for keynote speeches, research papers on credit analysis are being invited for presentation and discussion.

For further information see:

Call for Papers

Research Papers and abstracts are solicited on the following topics:

Credit analysis and credit ratings
Credit portfolio models and limitations
Credit derivatives and structured finance
The future of regulation
Risk analysis and management
Credit rating agencies
Relationship lending

Speeches from financial practitioners and panel discussions
Presentations of academic papers
Conference Dinner on August 27, 2015

The registration fee of CHF 400 for academics (reduced fee of CHF 300 for presenting academics, CHF 500 for practitioners) permits attendance at all workshops at the Thursday-Friday conference (August 27-28, 2015) including conference material. The conference dinner is charged separately with CHF 70.

Paper Submission Procedure
Submissions of both completed papers and extended abstracts are welcome. Accepted papers will be presented and discussed in 30 min time slots, with a discussant allocated to each paper and time for discussion with the audience (presentation 20 min, discussant 5 min, Q&A 5min).

The papers presented at the conference are invited for submission (preferred submission procedure) to Credit and Capital Markets. Furthermore, like in the former conferences, a book summarizing the conference proceedings will be published by Cambridge Scholars Publishing.

Deadline for paper or abstract submission is January 31st, 2015 (submit electronically to the conference website at Authors will be notified by March 1, 2015. Deadline for registration is July 24, 2015.


2015 Program Co-Chairs
Dion Bongaerts (Rotterdam School of Management);
Thomas Breuer (University of Applied Sciences Vorarlberg);
Hans-Peter Burghof (University Hohenheim);
Pascal Gantenbein (University of Basel);
Stefan Morkoetter (University of St. Gallen);
J. Austin Murphy (Oakland University);



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Contact Us

Mohinder Parkash
Department Chair
436 Elliott Hall
(248) 370-4361
Fax: (248) 370-4275

Sally Galloway
438 Elliott Hall
(248) 370-4288 
Fax: (248) 370-4275