Department of Accounting and Finance

Website: https://twu.edu/business/

Interim Chair: Dr. Wonseok Choi, Associate Professor
Location: CFO 409
Phone: 940-898-2122
E-mail: mba@twu.edu

The employment of financial professionals is projected to grow by eight percent (8%) through 2032, about twice as fast as that of most other job positions (Bureau of Labor Statistics, 2024). Accounting and finance professionals are in demand not only for their financial expertise but also for their value as strategic business partners (Accountingweb.com, 2022). More and more work in accounting and finance focuses on financial analytics using new technologies.

The Department of Accounting and Finance prepares future business leaders for careers in Accounting and Finance through strong academic programs, student engagement, quality faculty, and innovative pedagogy. The programs provide excellent undergraduate and graduate education in Accounting and Finance, allowing students to develop the knowledge, skills, and ethical awareness needed by today’s financial business professionals. Programs emphasize current trends for knowledge and skills, provide financial literacy skills to create and sustain financial wellness for all business majors, and focus on lifelong learning.

Graduate Degrees Offered

Faculty

*BAKER, PAMELA E., Professor of Accounting; Chair of the Department of Accouting and Finance, B.A., Hendrix College; M.S., University of Houston, Clear Lake; Ph.D., University of North Texas
*BOONME, KITTIPONG (KEN), Associate Professor of Management Information Systems, B.B.A., University of North Texas; M.B.A., University of North Texas; Ph.D., University of North Texas
*BURKE, MEGAN, Associate Professor of Accounting, B.S., Virginia Tech; M.Acc., College of William and Mary; Ph.D. Virginia Tech
*CHOI, WON SEOK, Associate Professor of Finance, B.S., Korea University; M.S., University of South Florida; M.S., University of North Texas; Ph.D., The University of Texas Rio Grande Valley
*DANG, ANH, Assistant Professor of Accounting, B.B.A., University of Texas-Austin; M.P.A., University of Texas-Austin; Ph.D., University of Texas-San Antonio
*GATES, SANDRA, Associate Professor of Accounting, B.B.A., University of Houston-Downtown; M.B.A., University of Houston-Downtown; Ph.D., Arizona State University
*GULZARI, ADEELA, Assistant Professor of Management Information Systems, B.B.A., National University of Sciences and Technology Pakistan; M.B.A., National University of Sciences and Technology Pakistan; Ph.D., University of North Texas
*LI, ZHEN, Associate Professor of Management Information Systems, B.S., Beijing University of Technology; M.S., University of Maryland; Ph.D., University of North Texas
*LIM, YUREE, Associate Professor of Finance, B.S., KonKuk University; B.A., KonKuk University; M.S. University of Alabama; Ph.D., University of Alabama
*RAISINGHANI, MAHESH, Professor of Management Information Systems, B.Comm., Osmania University, India; M.S., University of Texas at Arlington; M.B.A., University of Central Oklahoma; Ph.D., University of Texas at Arlington
*REN, HE, Associate Professor of Finance, B.A., Shanghai University of International Business and Economics; M.S., University of Buffalo; M.B.A., University of Texas-Dallas
*TENGESDAL, MARK O., Associate Professor of Finance, B.A., Pacific Lutheran University; M.A., University of California, Riverside; Ph.D., University of California, Riverside
*WEREMA, GILBERT J., Associate Professor of Economics, B.B.A., University of Eastern Africa, Kenya; M.B.A., Alabama A&M University; M.S., Alabama A&M University; Ph.D., University of Georgia
*ZOU, LIN, Associate Professor of Finance, B.S., Nanjing University; M.A., Shanghai University of Finance and Economics; M.S., University of Texas at Dallas; Ph.D. (Acct.), Ph.D. (Finance), University of Texas at Dallas

Courses

Contact hours identified in the course descriptions are based on a 15-week term.  Students who enroll in Summer or mini-terms are expected to meet the same total number of contact hours as a 15-week term.

ACCT 5023. Intermediate Financial Accounting I. Financial accounting and accounting standards, preparation of financial statements in accordance with generally accepted accounting principles (GAAP). Emphasis on the conceptual framework underlying financial accounting. Detailed study of financial statements, time value of money concepts, revenue recognition, and valuation of current and non-current assets. Three lecture hours a week. Credit: Three hours.

ACCT 5033. Cornerstones of Accounting. A study of accounting information systems, auditing, accounting analytics, and taxation principles. Three lecture hours a week. Credit: Three hours.

ACCT 5043. Intermediate Financial Accounting II. Study of accounting for investments; current and non-current liabilities and contingencies; stockholder's equity; leases; income taxes; dilutive securities and earnings per share; correction of accounting changes and errors. Prerequisite: ACCT 5023 or equivalent. Three lecture hours a week. Credit: Three hours.

ACCT 5063. Tax Planning and Compliance. Federal income taxation as applied to individual and business entities with a focus on tax planning based on current and anticipated tax law, tax compliance issues, future tax implications, communication of tax plans, and the ethics of tax compliance. In-depth examination of tax data analytics, trend analysis, forecasting, and modeling. Three lecture hours a week. Credit: Three hours.

ACCT 5093. Financial Accounting. A study of the framework of accounting as it relates to measuring, recording, reporting, disclosing, and interpreting financial information using Generally Accepted Accounting Principles (GAAP). Detailed study of the financial statements. Three lecture hours a week. Credit: Three hours.

ACCT 5123. Advanced Accounting. A study of accounting for intercorporate investments, business combinations, and foreign currency transactions, including the use of accounting research tools and analytics. Three lecture hours a week. Credit: Three hours.

ACCT 5163. Entity Taxation. Taxation of corporations, partnerships, and other flow-through business entities under current federal income tax law. Three lecture hours a week. Credit: Three hours.

ACCT 5173. Advanced Accounting Information Systems. The intersection of accounting, information systems, and advanced technology. Emphasis on the role of data analytics and computer programming for accounting in modern financial decision-making. Three lecture hours a week. Credit: Three hours.

ACCT 5183. Governmental and Not-for-Profit Accounting. Accounting for governmental and not-for-profit entities with an emphasis on analysis of databases reporting special accounts/funds and statements used by governmental and other not-for-profit entities. Three lecture hours a week. Credit: Three hours.

ACCT 5193. Advanced Accounting Analytics. Application of analytical mindset to financial problems using advanced data analytic tools and techniques, including extracting, transforming, and loading data; querying databases; visualizing data; and applying statistical concepts in accounting settings. Prerequisite: ACCT 5033. Three lecture hours a week. Credit: Three hours.

ACCT 5263. Advanced Topics in Taxation. Study of how state income tax, sales tax, franchise tax, local tax, estate tax, and gift tax align with current laws. Three lecture hours a week. Credit: Three hours.

ACCT 5423. Financial Statement Auditing. Financial statement auditing concepts, standards, and objectives; auditing procedures and sampling techniques; internal control evaluation; the writing of the audit report. An emphasis on recent developments, audit data analytics, and learning cases. Three lecture hours a week. Credit: Three hours.

ACCT 5433. Managerial Accounting. A study of cost accounting concepts, cost determination, cost analysis, and cost systems, budgets, variance analysis, and short- and long-term decisions. Three lecture hours a week. Credit: Three hours.

ACCT 5473. Financial Statement Analysis. In-depth discussion and practice in the use of standard tools and methods for the analysis of financial statements. Prerequisite: ACCT 3103 or ACCT 5433. Three lecture hours a week. Credit: Three hours.

ACCT 5483. Accounting for Management Control. Advanced topics in management accounting, such as budgeting, pricing decisions, indirect cost allocations, customer profitability, quality costs, just-in-time and virtual inventory systems, balance scorecard, environmental costing, capacity measurement, benchmarking practices, and performance measurement and compensation. Prerequisite: ACCT 3103 or ACCT 5433. Three lecture hours a week. Credit: Three hours.

ACCT 5523. Information Systems Audit, Assurance, and Advisory. Methods used to perform professional reviews of accounting information system operations, governance, risks, and security controls to mitigate security risks. Assessment of security needs; recommendation of safeguard solutions; and management of the implementation and maintenance of security devices, systems, and procedures. Basic computer architecture, systems analysis, networking, and risk assessment. Three lecture hours a week. Credit: Three hours.

ACCT 5563. Accounting Ethics. Discussion of ethical theory, analysis of social and professional issues such as ethical decision making, independence, integrity, objectivity, core values, and ethical dilemmas from the point of view of a professional accountant. Approved by the Texas State Board of Public Accountancy in sitting for the Uniform CPA Exam. Three lecture hours a week. Credit: Three hours.

ACCT 5623. Internal Auditing. Methods for reviewing and evaluating performance and internal control procedures for business entities. Three lecture hours a week. Credit: Three hours.

ACCT 5733. Accounting Research. Accounting research using authoritative standards and professional literature in financial accounting, taxation, auditing, and governmental accounting. Topics include the structure and use of accounting standards, sources of professional literature, research methodologies, interpretation of authoritative guidance, and communication of research findings in accounting practice. Three lecture hours a week. Credit: Three hours.

ACCT 5873. Professional Accountancy. Professional decision-making in financial accounting, managerial accounting, taxation, auditing, financial planning, and accounting analytics. Three seminar hours a week. Credit: Three hours.

ACCT 5893. Contemporary Topics in Accounting. International accounting standards, accounting for quality, environmental costs, capacity costing, and other new accounting updates. Covers sustainability reports. Prerequisites: Undergraduate coursework in intermediate/advanced accounting and ACCT 5473. Three seminar hours a week. Credit: Three hours.

ACCT 5903. Special Topics. Variable content. Prerequisite: Permission of instructor. Three lecture hours a week. Credit: Three hours.

ECO 5143. Advanced Managerial Economics. Application of microeconomic theory and quantitative tools to solve business problems, focusing on optimization, market structure, and strategic decision-making. Key topics include demand estimation, cost analysis, pricing strategies, game theory, and decision-making under uncertainty. The course equips students to optimize profit, evaluate market forces, and analyze firm behavior. Three lecture hours a week. Credit: Three hours.

FIN 5243. Managerial Finance. Advanced analysis of corporate financial management, including the strategic application of time value of money, investment return analysis, and cash management. Focuses on optimizing capital budgeting and capital structure while evaluating the role of corporate social responsibility in financial decision-making. Three lecture hours a week. Credit: Three hours.

FIN 5433. Entrepreneurial Finance. Financial management focusing on the lifecycle of a startup enterprise. Topics include how to create, finance, manage, evaluate a new business venture, forecast revenue and expenses, and analyze cash flows. Three lecture hours a week. Credit: Three hours.

FIN 5753. Foundations of Financial Management. Introduction to financial decision making and the valuation of business enterprises; emphasis on use of discounted cash flow techniques and the selection of capital investment projects. Three lecture hours a week. Credit: Three hours.