Accounting

Academic Department

Mission Statement As part of a Business School in a major public research university, the Department of Accounting & Information Systems is committed to the advancement of knowledge and preparation of future leaders for business and academic careers through scholarly research, teaching, and...

Click here to Learn More.

 

Related News, Blogs, and Media Coverage

Irfan Bora quoted in Bloomberg Business regarding New Mexico's $100 Million Accounting Error

Thursday, February 19, 2015

New Mexico can’t balance its checkbook. Cash in the state’s bank account is at least $100 million short of what’s recorded in the finance department’s ledger, pushing officials to adjust reserves by that amount, to about $650 million. The blame, the current administration says, lies with the introduction of a new accounting system in 2006. The state is working on its report for fiscal 2014,...

 › Continue Reading

Rutgers students headed to Boston to compete in prestigious Hult Prize competition

Tuesday, February 17, 2015

The Hult Prize Foundation holds the annual competition to identify and help launch the most compelling social business ideas being proposed by university students. The foundation awards winners $1 million in seed money and asks members of the international business community to serve as mentors to the winning students.

 › Continue Reading

Irfan Bora quoted in NJ.com article on county bond predicament

Sunday, February 15, 2015

The concept behind the massive solar project sounded simple enough: borrow $88 million to install panels on public buildings in Morris, Somerset and Sussex counties and then sell excess electricity, using the revenues to pay off the debt. The concept was called the "Morris model," held up nationally as an example of how to produce renewable energy through public-private partnerships. It was the...

 › Continue Reading

Jay Soled Op-Ed on NJ.com argued tying drivers' licenses to tax payments

Saturday, February 14, 2015

Jay Soled is a professor in the Department of Accounting & Information Systems at Rutgers Business School. The New Jersey Transportation Trust Fund is in dire financial shape and its future solvency prospects are bleak. There are two main reasons why the fund has reached this nadir: New Jersey has one of the lowest gas taxes in the country and as vehicles' fuel economy continues to improve,...

 › Continue Reading

Irfan Bora truly gratified that Rutgers Business School Master of Governmental Accounting program ranked in top 15 nationally by U.S. News & World Report

Wednesday, February 11, 2015

Rutgers Business School's Master of Governmental Accounting program achieved high marks in U.S. News & World Report's 2015 ranking of non-MBA online graduate business programs landing at No. 13 in the nation. The publication researched 118 non-MBA online graduate business programs including master's degrees in accounting, finance, insurance, marketing and management.The Master of Accountancy...

 › Continue Reading

Rutgers Masters of Governmental Accounting earns top 15 ranking from U.S. News

Thursday, January 22, 2015

GOVMACCY program ranks #13 in the nation for non-MBA online graduate programs out of 118 ranked schools; student engagement highlights ranking, placing #15 in U.S.

 › Continue Reading

Bikki Jaggi a keynote speaker at the Journal of Accounting, Auditing, and Finance Conference reported MoneyLife Magazine

Wednesday, January 7, 2015

In a first for India, MISB Bocconi, India’s premier international business school, has been selected by the prestigious Journal of Accounting, Auditing, and Finance (JAAF) for its “Special Issue” Conference on ‘Research Challenges in Accounting and Finance in a Globalized Economy: Fair value measurements, valuation models, and management practices.’ The JAAF Special Issue will be released at the...

 › Continue Reading

Professor Vasarhelyi is reappointed and celebrated as KPMG's distinguished professor of accounting

Thursday, December 18, 2014

Robert Elliot, a retired partner at KPMG and past chairman of the American Institute of Certified Public Accountants, praised Vasarhelyi for his ability to integrate knowledge across multiple domains and for the pioneering nature of his research.

 › Continue Reading

New Jersey accounting and auditing professionals gather for annual conference

Thursday, December 4, 2014

The 2014 Annual Rutgers Governmental Accounting and Update Conference took place December 4 and was attended by government auditors, accountants and financial professionals from every county in New Jersey. The purpose of the conference is to bring together leaders in public financial management to address the most pressing issues, and to provide an update on current regulations, accounting pronouncements, auditing issues, and other subjects of interest.

 › Continue Reading

Experiences: Exchange program offers Rutgers Business School student a look at life in a different part of the world

Friday, November 28, 2014

Rutgers Business School student Amir Ismail hoped for an opportunity during college that would give him a different perspective and allow him to impact a culture through the power of service and exchange. He got his chance when he visited Africa as part of an Rutgers University-Newark sponsored exchange program. His essay about the visit is part of an occasional feature highlighting student experiences.

 › Continue Reading

Experiences: A series of summer internships leaves accounting student with real world insights and exciting career possibilities

Friday, November 14, 2014

In an essay about her summer internship, Urvi Tiwari, an accounting and finance student at Rutgers Business School, reflects on what she learned about the business world and the insights she gained about her field and possible career options. Her essay is part of an occasional feature that offers students a chance to share and reflect on experiences during their time at Rutgers.

 › Continue Reading

Panasonic North America CFO Michael Riccio (Rutgers MBA '88) adopts Japanese management style

Monday, October 27, 2014

Twenty-eight years after taking a job at Panasonic Corporation of North America, Michael Riccio, who has adopted a Japanese-influenced management style that emphasizes communication, deep understanding and mentoring, is the first American to serve as the company's chief financial officer. In a recent interview, he reflected on a career path that began with undergraduate accounting classes at Rutgers University-Newark and included a Rutgers MBA.

 › Continue Reading

Miklos Vasarhelyi and team white paper recommend that technology should be used to achieve a higher level of assurance at a similar cost, reported Journal of Accountancy

Thursday, October 16, 2014

Rapid changes in technology are a reality of the current business environment. In addition to affecting how business is done, these changes present new challenges to auditors. The internet, cloud computing, and the pervasive use of mobile devices enable auditors to practice in a globally connected environment. Technology can be used to transform auditing and improve audit effectiveness, according...

 › Continue Reading

EXPERIENCES: Study abroad program offers student a chance to learn Portugese and discover different sides of Brazil

Wednesday, October 15, 2014

An essay by Rutgers Business School senior Juan Flores about studying Portuguese in Brazil during the summer kicks off a new feature that will allow students to share and reflect on experiences they are having during their time at Rutgers.

 › Continue Reading

Professors Vasarhelyi and Alles win Bright Idea Award for research that applies process mining to auditing

Monday, October 13, 2014

In an article titled, "The case for process mining in auditing: Sources of value added and areas of application," professors Miklos Vasarhelyi and Michael Alles explained how event logs can be put to use to track and verify transactions. Both professors are part of the Accounting and Information Systems Department at Rutgers Business School.

 › Continue Reading

Valentin Dimitrov, Leo Tang, and Darius Palia paper: Impact of the Dodd-Frank Act on Credit Ratings featured in Harvard Law School Forum

Thursday, October 9, 2014

In response to the Global Financial Crisis of 2008-2009, Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) in July 2010. Among its various provisions, Dodd-Frank outlines a series of broad reforms to the Credit Rating Agencies (CRA) market. Many observers believe that CRAs’ inflated ratings of structured finance products were partly to blame for the rapid...

 › Continue Reading

Internal Revenue Service turns Rutgers accounting students into "agents" for one eye-opening day

Saturday, October 4, 2014

"Most accounting students don’t know that law enforcement is a good fit for them,” said IRS agent Robert Glantz, who organized the event. "We want to open their eyes to it.”

 › Continue Reading

Career moves at Prudential prepared Rutgers MBA alumna for role as CFO of Group Insurance

Friday, September 5, 2014

Christine Knight, who is now chief financial officer of Prudential’s Group Insurance, started working at Prudential as an entry-level accountant in a reinsurance subsidiary the Newark-based financial services has since spun off. After the divestiture, Knight stayed on as controller for the run off businesses. It was the first in a series of career moves Knight made at Prudential that reflected a combination of moxie and ambition and what one executive described as Knight’s drive for "continuous improvement.”

 › Continue Reading

Alexander Sannella continuing to recruit liberal arts students to MBA in Professional Accounting program heralded in Industry News

Wednesday, August 20, 2014

As academia attempts to create the accountant of the future, some programs are marching to the beat of their own drum. Alexander Sannella, the director of the MBA in Professional Accounting program at Rutgers Business School, said the school has found a liberal arts background can make for the ideal accounting student. “It's about those broader thinking skills,” Sannella said. “And definitely you...

 › Continue Reading

Rutgers Business School student wins scholarship to study in Brazil and World Cup is part of his travel itinerary

Friday, June 20, 2014

Juan Flores, a senior at Rutgers Business School, spent 20 hours writing essays and developing a strategy to help promote the U.S. State Department's Benjamin A. Gilman International Scholarship. In April, he learned he had won and would be going to Brazil for an intensive, month-long language class in Portuguese.

 › Continue Reading