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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.
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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

 

PwC
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 parkash@oakland.edu (248) 370-4361
Joseph Callaghan callagha@oakland.edu (248) 370-3538
Ranadeb Chaudhuri chaudhur@oakland.edu (248) 370-3204
Seong Yeon Cho cho@oakland.edu (248) 370-4307
Gadis Dillon dillon@oakland.edu (248) 370-4289
Lori Dorko dorko@oakland.edu (248) 370-2124
Donna Free free@oakland.edu (248) 370-3281
Liang Fu liangfu@oakland.edu (248) 370-3238
Michael A. Mazzeo mazzeo@oakland.edu (248) 370-2957
J. Austin Murphy jamurphy@oakland.edu (248) 370-2125
Robert Nehmer nehmer@oakland.edu (248) 370-4980
Sandra Pelfrey pelfrey@oakland.edu (248) 370-3276
Joseph Pia  pia@oakland.edu (248) 370-4002
Hong Qian qian2@oakland.edu (248) 370-3509
James Serocki serocki@oakland.edu (248) 370-2842
Rajeev Singhal singhal@oakland.edu (248) 370-3288
Yin Yu yu234@oakland.edu (248) 370-3693
Sha Zhao zhao@oakland.edu  (248) 370-4286
Ellen Zhu zhu2@oakland.edu (248) 370-3289


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The International Conference on Credit Analysis and Risk Management

The Fourth International Conference on Credit Analysis and Risk Management will take place in August 2015 in Basel, Switzerland. Check back for more information.

This international conference offers an interactive learning experience that focuses on credit analysis and risk management from multiple perspectives that include new and existing models and methods for credit risk management, credit analysis and relationship lending. It features presentations by renowned financial and accounting experts from across the world. Its location alternates between Oakland University and business education centers in Europe.

The third conference, which took place on the campus of Oakland University in August 2014 was sponsored by PNC Bank and the Enterprise Risk Analysis Institute in the Department of Accounting and Finance at Oakland University's business school. See articles for previous conferences below.

 
2014 Program Co-Chairs

Joe Callaghan (Professor of Accounting, Oakland University); for information: callagha@oakland.edu
Daniel Rösch (Professor of Finance, University of Regensburg); for information: Daniel.Roesch@wiwi.uni-regensburg.de
Simone Westerfeld (Professor of Finance, FHNW); for information: simone.westerfeld@fhnw.ch
J. Austin Murphy (Professor of Finance, Oakland University); for submissions and information: 
jamurphy@oakland.edu
 

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Contact Us

Mohinder Parkash
Department Chair
436 Elliott Hall
(248) 370-4361
Fax: (248) 370-4275
parkash@oakland.edu

Sally Galloway
Secretary
438 Elliott Hall
(248) 370-4288 
Fax: (248) 370-4275 
shafer@oakland.edu