Accounting Area

AACSB ACCOUNTING ACCREDITATION UPDATE: The faculty are in the application stage for separate Accounting accreditation from the Association to Advance Collegiate Schools of Business (AACSB).  The College of Business has been accredited since 1974 (undergraduate) and 1982 (graduate).  The only discipline specific accreditation AACSB awards is Accounting and approx. 160 universities in the world have this distinction.  The "Accreditation Plan" will be submitted in June, 2008, and a site visit is expected in February 2010.

FAST FACTS:

EMPLOYMENT: Placement of EMU Accounting students has been excellent in recent years.  Some of the employers who interview on campus and attend the annual Career Day each October are:  CH Rubin, Curtis Bailey Exelby Sposito, Deloitte, Doeren Mayhew, Ernst and Young, Grant Thornton, KPMG, Montgomery Wiethorn & Burke, PricewaterhouseCoopers, Rehmann Group, Thomson Tax and Accounting, Virchow Krause, University of Michigan Financial Operations, Wright Griffin Davis and Co., Yeo and Yeo.

BETA ALPHA PSI NEWS: For the 9th year in a row, and the 18th year since its inception at EMU in 1980, the Epsilon Omega chapter of Beta Alpha Psi (BAP) was awarded "superior chapter" status from the national BAP. Two years the chapter received the next level "chapter of merit" and we are researching to document the status achieved by the chapter in 1990-94 and 96-97.

FINANCIAL SUPPORT: The Accounting programs benefit from the past and current gifts of alumni and friends.  Student scholarships are awarded at the annual College of Business Honors Banquet (usually in April) from these funds:  Jo and Dan Devine Scholarship Fund, Linda M. Shipley Memorial Scholarhip, Great Teachers in Accounting Scholarship Fund, Richard and Linda Pifer/Plante and Moran Scholarship Fund, Tammy Machovec Endowment Fund, and Okopny/IIA Memorial Scholarship.  Funds for faculty and student organization support come from the Accounting Development Fund, UHY Advisors Accounting and Technology Fund, Pietrasiuk/Kelly Tax Endowment Fund, Internal Audit Development Fund, and Accounting Faculty Research Fund.

GREAT TEACHERS IN ACCOUNTING SCHOLARSHIP PROGRAM:   The EMU Great Teachers in Accounting Endowed Scholarship Fund was established to honor teachers like Professors Clark, Kruse, Keros, and McCombs who have demonstrated a commitment to students’ success in the classroom and beyond in their careers.  Each year four students (a junior, a senior, and two graduate students) receive funds to assist them in completing the 150-hour combined BBA-Accounting and Master of Science in Accounting program.  Donations can be made to the EMU Foundation www.emufoundation.org then, search for Great Teachers in Accounting using the "search" button to the right in the Gift Designation section. 

RESEARCH FELLOWS PROGRAM: Dr. Zafar Khan mentored Ms. Ruth Naebeck (BBA/MSA '08) during the 2007-08 year in the university's Research Fellows Program sponsored by the Twenty Club and funded with a donation made in honor of Emeritus Professor William C. Bryan. Ruth presented her paper "Mortgage Foreclosure and Renegotiation:  Tax Implications" at the Graduate Research Fair March 24, 2008 and discussed her results with Professors Khan, Burilovich, and Kattelus at a lunch meeting.

INTERNAL AUDIT EDUCATIONAL PROGRAM (IAEP):  EMU operates at the "partner level "in the new continuum of the Institute of Internal Auditors (IIA)'s Internal Audit Educational Program.  The Detroit Chapter of the IIA has sponsored the internal audit program at EMU since 19xx.  Undergraduate students who take ACC 450 Internal Auditing, ACC 460 Principles of Fraud Examination, and ACC 548 Information Systems Audit and Control and become an associate member of the IIA have satisfied the program requirements.  There is a 12 credit Internal Auditing specialization in the MBA program comprised of ACC 550 Professional Internal Auditing, ACC 560 Fraud Examination, and ACC 548 Information Systems Audit and Control, and one additional class from a choice of several.

ALUMNI NEWS:

• Maria Bowles BBA '95 (nee Zakrzewski) was named GMNA Director of Audit at General Motors effective June 1, 2008.  The announcement was made by Ray G. Young, GM Executive Vice-President and CFO.
  
• These Accounting alums are Principals/Partners in public accounting firms:  Heather Brenke '91 at UHY Advisors, Paul Bryant '92 at Plante and Moran, Rod Byrne '76 at Wright Griffin Davis and Co., Fred Davis '65 at Wright Griffin Davis and Co.(retired), Jonathan Dean '95 at Doeren Mayhew, Jerry Grady '85 at UHY Advisors, Ray Lombardi '76 at Deloitte Tax Technologies, Jerry Smith '78 at Plante and Moran, and many more.  Let us know.
  
• These MSA students went on to earn doctorates in Accounting: Amir Allam '97 (now at University of Birmingham, England), Ge Bai '06 (currently a Ph.D. student at Michigan State University), Linda Burilovich '80 (University of Michigan), Mohamed Elbannan '98 (Southern Illinois University), Khondkar Karim, '87 (Mississippi State University), Susan Kattelus '79 (Michigan State University), Suzanne Morsfield '92 (University of Arizona), Hans Paulson '04 (currently a Ph.D. student at Michigan State University), Mohinder Prakash '83 (University of Arizona), Tracy Reed '01 (ABD Virginia Tech University).
  
• These Business and Accounting Alums have received an EMU Alumni Association Award (year awarded in parentheses): Richard Neu '77 (2007), Joe Chrzanowski '73, '78 (2006), Patrick Gannon '92 (2005), Ken Bruchanski '70 (2003), Ray Lombardi '76 (2003), Abe Karam '62, '65 (2001), Gerry Grady '85 (2000), Melonie Colainne '83, '94 (1999), Larry Warren '72, '73 (1999), Greg Smith '77 (1998), Anthony Snoddy '73 (1998), Ronald Campbell '77 (1996), Freman Hendrix '78 (1995), Michael Morris '69, '73 (1995), Dennis Toffolo '69 (1993), Marcia Allen '74 (1991), James Webb '71, '76  (1988). 
  

PROFESSIONAL CERTIFICATION EXAMS: For links to information about 17 different professional certifications, click here.