Department of Accounting and Finance

Website: https://twu.edu/accounting-finance/

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

The Department of Accounting and Finance develops future leaders with essential financial knowledge as well as the critical thinking, analytical, and problem-solving skills needed to make an impact in today's world of financial management. Our AACSB-accredited programs are responsive to new developments, preparing students for high-demand, well-paid careers. Former TWU Accounting and Finance students work as corporate CFOs, investment firm analysts, TV production budget managers, bank loan officers, FBI forensic accountants, governmental city managers, CEOs of charities, audit specialists, tax planners, or consultants for public accounting firms, as self-employed financial planners and tax preparers, and so much more.

Undergraduate Degrees Offered

Shared B.B.A. Degree Requirements

Each B.B.A. degree requires a concentration in the major degree area consisting of thirty (30) semester credit hours in upper-level business, economics, or related courses as indicated in this catalog and on degree plans. Any change to the required concentration courses must have approval, in advance, from an advisor in the business program. Upper-level courses are considered junior- and senior-level courses and are numbered in the 3000 and 4000 number series.

All B.B.A. degrees have common prerequisites consisting of the following five (5) courses / fifteen (15) semester credit hours:

Course List
Course	Title	Credits
ECO 1013	Principles of Microeconomics	3
ECO 1023	Principles of Macroeconomics	3
FIN 2153	Foundations of Money Management	3
MATH 1703	Elementary Statistics I	3
MATH 2203	Business Analysis I	3
Total SCHs		15

In addition, all B.B.A. degrees have thirty-three (33) semester credit hours in common degree requirements as follows:

Course List
Course	Title	Credits
ACCT 2043	Fundamentals of Accounting I	3
ACCT 2053	Fundamentals of Accounting II	3
BUS 3013	Business Law and Ethics	3
BUS 3163	Business Communications	3
FIN 3053	Business Finance	3
MGT 3003	Principles of Management	3
MGT 3313	Business Analytics	3
MGT 3533	Management Information Systems	3
MGT 4333	Business Policy (taken in final semester)	3
MGT 4563	Operations Management	3
MKT 3113	Principles of Marketing	3
Total SCHs		33

Core Curriculum

Specific core curriculum courses required for Business degrees are subject to change based on the availability of approved core curriculum courses and changes to University core curriculum requirements. Complete University-wide requirements for any bachelor’s degree are listed in the Academic Information section of this catalog.

Admission Requirements

All applicants must meet the general undergraduate admission requirements.

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

BEDI, JOSHUA K., Assistant Professor of Economics, B.A., Mississippi State University; B.B.A., Mississippi State University; M.A., George Mason University; Ph.D., George Mason University

*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

JORDAN, JASON, Assistant Professor, B.S., Brigham Young University; M.A., Brigham Young University

*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

SAADEH-JAJEH, DIANA, Lecturer II of Finance, B.S., San Francisco State University; M.B.A., Notre Dame de Namur University

*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

Asterisk (*) denotes Graduate Faculty status.

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 2043. Fundamentals of Accounting I. (TCCN ACCT 2301) An emphasis on the accounting cycle and basic financial statement preparation. The course includes accounting for liabilities and interest, accruals and deferrals, fixed asset accounting including depreciation, depletion and amortization, payroll and payroll taxes. Three lecture hours a week. Credit: Three hours.

ACCT 2053. Fundamentals of Accounting II. (TCCN ACCT 2302) Accounting for managers including manufacturing operations, job order, process, and standard cost systems, introduction to budgeting, and use of accounting data for decision-making. Prerequisite: ACCT 2043. Three lecture hours a week. Credit: Three hours.

ACCT 3013. Financial Reporting. Elements and structure of financial statements and basic analysis methods used to derive informational content and predict future outcomes. Prerequisite: ACCT 2043 or equivalent. Three lecture hours a week. Credit: Three hours.

ACCT 3023. Intermediate Accounting I. Study of financial accounting and accounting standards, including the preparation of financial statements in accordance with generally accepted accounting principles (GAAP), with an emphasis on current and non-current assets. Prerequisites: ACCT 2043 and ACCT 2053 with a combined 2.50 GPA in the two courses, or approval by the instructor. Three lecture hours a week. Credit: Three hours.

ACCT 3043. Intermediate Accounting II. Study of accounting for current and non-current liabilities; stockholders' equity, stock-based compensation, presentation of earnings; correction of accounting changes and errors. Prerequisite: ACCT 3023. Three lecture hours a week. Credit: Three hours.

ACCT 3063. Income Tax Accounting I. Principles of federal income tax accounting; preparation of income tax returns for individuals. Prerequisite: ACCT 2043. Three lecture hours a week. Credit: Three hours.

ACCT 3103. Cost Accounting. Accounting for managers including manufacturing operations, job order, process, and standard cost systems, introduction to budgeting, and use of accounting data for decision-making. Prerequisite: ACCT 2043. Three lecture hours a week. Credit: Three hours.

ACCT 4023. Advanced Accounting. Accounting for debt and equity investments; business combinations and consolidation; and foreign currency transactions. Prerequisites: ACCT 3023 and ACCT 3043. Three lecture hours a week. Credit: Three hours.

ACCT 4163. Income Tax Accounting II. Preparation of tax returns for partnerships and corporations and basic tax research; Prerequisite: ACCT 3063. Three lecture hours a week. Credit: Three hours.

ACCT 4173. Accounting Information Systems. An introduction to the use of accounting information systems within an organization. Applications requiring the use of business process models, flowcharting and relational database software are used in this course. Prerequisite: ACCT 3023 or permission of instructor. Three lecture and one laboratory hours a week. Credit: Three hours.

ACCT 4183. Governmental and Not-For-Profit Accounting. Accounting for governmental and non-profit entities with emphasis on special accounts/funds and statements used by such entities. Prerequisites: ACCT 2043 and ACCT 2053. Three lecture hours a week. Credit: Three hours.

ACCT 4193. Accounting Analytics. Analysis of accounting data using specific analytical techniques for decision making. Perform each step of the IMPACT data analytics process model on accounting data and information using common analytics software. Prerequisites: ACCT 3023 and MGT 3313. Three lecture hours a week. Credit: Three hours.

ACCT 4423. Auditing. Financial statement auditing concepts, standards, and objectives; auditing procedures and sampling techniques; internal control evaluation; the writing of the audit report. Research of audit standards. Prerequisites: ACCT 3023 and ACCT 3043. Three lecture hours a week. Credit: Three hours.

ACCT 4563. Accounting Ethics. Examination of philosophical and business ethics and professional responsibilities within the accounting profession. Exploration of foundational ethical theories and professional standards applicable to those encountered in public, corporate, governmental, and nonprofit accounting. Emphasis placed on the AICPA Code of Professional Conduct and the Texas CPA Code of Professional Ethics. Prerequisite: ACCT 3023. Three lecture hours a week. Credit: Three hours.

ACCT 4903. Special Topics. Variable content. Prerequisite: Permission of instructor. Three lecture hours a week. Credit: Three hours.

ECO 1013. Principles of Microeconomics. (TCCN ECON 2302) Principles of Microeconomics. Structure and operation of the economy explained through the role of microeconomic forces; price system; theory of firm; market situations (pure competition, monopoly, oligopoly); evaluation of the distribution of income. Satisfies Social & Behavioral Sciences Core (80). Three lecture hours a week. Credit: Three hours.

ECO 1023. Principles of Macroeconomics. (TCCN ECON 2301) A macroeconomic analysis covering money and banking, gross national product and income accounting, public finance, principles of taxation, labor, international economics (balance of payments), comparative economic systems. Satisfies Social & Behavioral Sciences Core (80). Three lecture hours a week. Credit: Three hours.

ECO 3063. Money and Banking. A survey of the role of money; history of currency; recent monetary legislation; banking and financial institutions; the Federal Reserve System; money and the national income; monetary and fiscal policy. Prerequisites: ECO 1013 or ECO 1023, and junior standing; or permission of instructor. Three lecture hours a week. Credit: Three hours.

FIN 2153. Foundations of Money Management. (TCCN BUSI 1307) This course introduces the principles of personal financial management. Topics include financial decision-making, goal setting, budgeting, saving, investing, credit and debt management, insurance, taxes, and retirement planning. The course also covers how financial concepts and attitudes toward money influence financial choices and long-term financial well-being. Satisfies Social & Behavioral Sciences Core (80). Three lecture hours a week. Credit: Three hours.

FIN 3053. Business Finance. A discussion of the tools and techniques used in business finance. An analysis of the acquisition and allocation of financial resources. Prerequisites: ACCT 2043, ACCT 2053, and MATH 2203 or MATH 1703; or permission of instructor. Three lecture hours a week. Credit: Three hours.

FIN 3133. Investments. A study, from the viewpoint of the individual investor, of various investment media, including fixed-income securities, equity securities, and derivatives; market price behavior with emphasis on investment analysis and portfolio management. Prerequisites: MATH 1703 and MATH 2203, or permission of instructor. Three lecture hours a week. Credit: Three hours.

FIN 3223. International Finance and Trade. Trade and monetary concepts in international economics including consequences of intervention in trade; the balance of payments, theory, adjustments, and impact on world trade; instruments and markets of foreign exchange; and determination of exchange rates. Prerequisites: ECO 1013, ECO 1023, and FIN 3053. Three lecture hours a week. Credit: Three hours.

FIN 3323. Foundations of Financial Technology. Introduction to transformative technological advances in the financial services sector. It explores modern innovations such as digital payments, cryptocurrency and blockchain, peer-to-peer lending, and crowdfunding while grounding these developments in fundamental finance theories, such as efficiency, pricing, and risk management. Three lecture hours a week. Credit: Three hours.

FIN 4243. Financial Management. Analysis of financial management problems confronting corporations, including strategies for capital acquisition, cash and asset optimization, and capital budgeting within the framework of government regulation. Prerequisites: ACCT 2043, ACCT 2053, and FIN 3053. Three lecture hours a week. Credit: Three hours.

FIN 4253. Financial Planning. Comprehensive financial planning process based on model of Board of Standards of Certified Financial Planners (CFP); collecting client data and establishing financial objectives; insurance planning; investment planning; tax planning; retirement planning; estate planning. Special emphasis on financial planning issues unique to women. Three lecture hours a week. Credit: Three hours.

FIN 4263. Finance Policy and Strategy. Financial theories and applications; making policy and strategic decisions; spreadsheet analysis, internet-based simulation, case studies, and field trips to financial institutions. Prerequisites: FIN 3053 and FIN 4243. Three lecture hours a week. Credit: Three hours.

FIN 4343. Business Valuation. Principles and practices of business valuation, including analytical tools and frameworks to assess business value. Primary valuation methodologies such as discounted cash flow (DCF) analysis and comparable company analysis. Evaluation of a firm's financial health, capital structures, cost of capital estimation, and market conditions affecting valuation. Prerequisite: FIN 3053. Three lecture hours a week. Credit: Three hours.

FIN 4653. Financial Risk Management. Comprehensive analysis of corporate financial risk management tools and techniques, emphasizing the strategic application of derivative securities and the organizational structure of global risk-trading markets. Prerequisites: FIN 3053, FIN 3133, MATH 1703, and MATH 2203. Three lecture hours a week. Credit: Three hours.