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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 

Student Managed Investment Fund


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. 
Advisory Board

John BabiGlobal Commodity Manager General Motors LLC 
Anthony BelloliSenior Trust Officer Plante & Moran Trust
Scott BittingerDirector, Internal AuditAmerican Axle & Manufacturing, Inc.
Dana CoomesEngagement Senior ManagerPlante & Moran
Jack DiFrancoSenior Managing DirectorFinnea Group, LLC
Michael DingwallPartnerKPMG
Rob Dutkiewicz (Chair)ShareholderClayton & McKervey
William Gonterman


Saab GrewalDirector of Asset ManagementSingh Development, LLC
Judy A. HegelundAERS National ControllerDeloitte Services LP
Kenneth A. HiltzPrincipalAlix Partners
Marshall KlevenSVP & Marketing ExecutiveBank of America Merrill Lynch
Susan A. KlugeSenior V.P. Chief Financial OfficerBlue Care Network
Susan J. KossPartner and Managing DirectorO'Keefe & Associates
Ryan KrauseAudit and AssuranceThe Rehmann Group
Steven W. LinvilleExecutive Director, Financial ServicesErnst & Young, LLP
Gerald M. NanniSenior Manager, Supplier Risk Management Finance & Business Development Finance - NAFTAChrysler Group LLC
Michael C. PalazzolaPartnerDerderian, Kann, Seyferth & Salucci
Michael PerazzaPartner - AuditDeloitte & Touche LLP
Owen B. RockentineVice President - Internal AuditComerica Inc
Justin Schmidt  Finance Manager Meritor, Inc
Phillip A. SerraFirst Vice President - InvestmentsMerrill Lynch
Bradford Southern Principal UHY Advisors MI, Inc
Lakshmi SundaramManaging Director, Operations & Strategic PlanningThe Private Bank
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, 370-4361
Joseph 370-3538
Ranadeb 370-3204
Seong Yeon 370-4307
Gadis 370-4289
Lori 370-2124
Donna 370-3281
Liang 370-3238
Michael A. 370-2957
J. Austin 370-2125
Robert 370-4980
Sandra 370-3276
Joseph Pia 370-4002
Hong 370-3509
James 370-2842
Rajeev 370-3288
Yin 370-3693
Sha 370-4286
Ellen 370-3289
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);