Category Archives: Accounting

Tech’s Accounting Major Among Top in State

Prospective students looking for a top accounting program can look no further than Michigan Tech, whose program ranks number three in the state among four-year public colleges and universities according to newly released rankings by College Factual. Only Michigan State and Hope College rank higher on its list.

Michigan Tech accounting has achieved this ranking two years in a row.

Two students in learning center

Dean Johnson, dean of the College of Business, says it’s our focus on technology in addition to attentive faculty that offer superior outcomes for Husky accounting graduates.

“The accounting field is being driven by technology and a demand for data management. Our grads are uniquely prepared for high-level, high-tech careers in accounting because of our nimble curriculum led by professors who care.”

See College Factual’s 2020 Best Accounting Schools in Michigan list here.


Preparing for a Future-Proof Career: My Experience at the Global Leadership Summit

By Jennifer Carolan, accounting student

As part of Beta Gamma Sigma (BGS), the honor society that represents the top five percent of the top 10 percent of AACSB-accredited business schools, I recently attended the 2019 Global Leadership Summit in Chicago. The event had many networking opportunities and included recruiters from Geico and KPMG (a top accounting organization), as well as amazing speakers and 400 other students from all around the globe. Throughout the conference, I made many connections to concepts I am familiar with thanks to my business classes at Michigan Technological University.

Student stands in front of pull-up banner at conference
Students in Beta Gamma Sigma are recognized by employers as being the “best in business”

 The Future of Work panel highlighted how with artificial intelligence (AI), it is important to have specialized skills and to rapidly adapt to technology. This is the perfect takeaway for me as a Michigan Tech student because Tech is giving me the tools to work with technology and to specialize with a data analytics concentration

During the trip, I became familiar with the Clifton Strengths test from one of the speakers. The Clifton Strengths test helps identify four key categories of strengths to better understand how people perform. The test provides self-awareness and helps understand how people with different skill sets work together, which is one of the skills that won’t lose value in the future and is something we spend a lot of time on in our Team Dynamics business class. 

Another reference to my classes was ethics. Ethics is a part of many of my courses at Michigan Tech and for good reason; I learned that 83 percent of people experience an ethical dilemma in the first two years of employment, and everyone does at some point in their career. One of the speakers taught the RAISE (Recognize, Analyze, Identify, Select, Execute) model to combat unethical situations. It is important to follow through to the end when combating unethical situations, even if it isn’t easy. I plan to take this advice to properly handle unethical situations in my future career. It feels good knowing I have a plan for difficult situations I might encounter.

One of Michigan Tech’s core values–tenacity–was emphasized by a speaker. They defined it as a mathematical equation: skill plus achievement plus effort. Michigan Tech students certainly have tenacity and it is an asset that won’t go away anytime soon. The speaker also mentioned the importance of self-awareness and communication, because the future of work will require soft skills no matter how technologically advanced the world becomes. 

Lastly, a recurring theme throughout the whole event was life-long learning. Dean Johnson, dean of the School of Business and Economics, also believes it’s the right mindset to have in business. It was noted that being a life-long learner is not just about continuing your education, but that it could also be specializing with certificates, learning new technologies, and simply being willing to adapt to our changing world.

Careers of tomorrow won’t look like they do today, and preparing myself for the changing world is an important step. 

Student stands in front of Beta Gamma Sigma pull-up banner at conference.
Students in Beta Gamma Sigma are recognized by employers as being the “best in business.”

Milligan and Wall are 2019-20 Ten Haken Faculty Fellows

Exterior of Academic Office Building

The School of Business and Economics (SBE) at Michigan Technological University announces the appointments of Sheila Milligan, senior lecturer in accounting, as the Richard and Joyce Ten Haken Faculty Fellow in Accounting/Finance, and Jeff Wall, assistant professor of management information systems (MIS), as the Richard and Joyce Ten Haken Faculty Fellow in Business.

Photo of senior lecturer Sheila Milligan
Senior lecturer Sheila Milligan (center)

Dean Johnson, dean of SBE, says the fellowships shine a light on the important work Milligan and Wall do in the classroom and beyond: “Our faculty stand a part for being large enough to lead and small enough to care. They know our students’ strengths and goals, and they play integral roles in guiding them with hands-on learning and mentoring.” 

Milligan, a 17-year veteran at the University, says that Richard and Joyce’s giving inspire her every day. “I want to be my best for our hardworking students, who are very conscientious about their education,” she says. 

Photo of professor Jeff Wall with student
Jeff Wall (left). assistant professor of management information systems (MIS)

Fellowship funds will be used for student travel, experiential education, student scholarships and to provide teaching assistant positions and professional development for faculty. “Attending conferences in forensic accounting is critical to keeping my teaching agile and relevant to prepare students,” Milligan says. 

Wall intends to direct his fellowship funds toward undergraduate scholarships for students dual majoring in accounting or finance and MIS. “Using the funds–more than $8,000 in total–in this way can help support Michigan Tech’s enrollment goals for business students,” Wall says of the new initiative directed at growing the School of Business and Economics.

Trends in industry are placing a greater emphasis on the intersection of accounting and finance with MIS.  Wall anticipates seeing top-quality, interdisciplinary students through these scholarships.

The Ten Haken Faculty Fellowship positions were created in 2017 to attract and retain high-quality business faculty and to inspire teaching and research activity amongst business faculty. Both accounting majors with bachelor’s degrees in business administration, Richard and Joyce Ten Haken are pillars of support for SBE’s students and faculty. 


School of Business and Economics Announces New Fall 2019 Programs

The Academic Office Building on Michigan Tech's campus is featured

To better serve and provide opportunities for STEM students, the School of Business and Economics (SBE) now offers a minor in business as an attractive addition for students of any major who will go on to work for a company or organization or start their own enterprise. The content allows graduates to differentiate themselves with a foundation of business skills.

In addition, our recently approved master’s degree in engineering management, a hybrid engineering-business degree, focuses on managerial knowledge, business literacy, and other relevant skills critical for successful operations in various engineering/technology-intensive industries.

Finally, to infuse technology into our accounting curriculum, new courses and content have been created resulting in the new concentration in data analytics. This fall, students pursuing a bachelor’s degree in accounting with also be able to earn an 18-credit concentration in data analytics. Those seeking to earn the Master of Science in Accounting degree will also be able to earn a graduate certificate in accounting analytics or forensic examination. “The concentration and certificate programs leverage accounting, information systems, and math coursework to help students acquire a valuable skill set encompassing databases, data cleaning and visualization, statistical programming, and analytical methods,” says program director and professor of practice, Joel Tuoriniemi. 

According to Dean Johnson, dean of the School of Business and Economics, these new offerings leverages SBE’s strengths as a business school embedded in a technological institution.

To learn more about any of our programs, please email business@mtu.edu.


Imagineering Audit 4.0 Researcher at Michigan Tech

Jun Dai is a visiting assistant professor from Southwestern University of Finance and Economics in China. She received her PhD in 2017 from the Rutgers Business School. Her research interests include applying new technologies such as blockchain, industry 4.0, and data analytics for the auditing profession.

Dai’s paper “Imagineering Audit 4.0” received the Bright Idea award in 2017, which is identified as one of the top 10 manuscripts for the year among all publications of New
Jersey ’s business faculty.

In addition to conducting research, Dai will be guest lecturing finance and accounting classes during her time on campus.

Earlier this month, Dai presented to the 43rd World Continuous Auditing and Reporting Symposium. The theme of the symposium was disruptive innovation in accounting. Her presentation, “Utilizing Blockchain and Smart Contracts to Enable Audit 4.0: A Case of Accountability Audit of Air Pollution Controls In China,” explored the potentials of using smart sensors, Internet of things, blockchain, and smart contracts to reengineer current auditing procedures to be more agile, precise, and transparent.

Dai serves as an associated editor of the Journal of Emerging Technologies in Accounting and has published in academic journals and professional journals, including Accounting Horizons, Journal of Information Systems, International Journal of Accounting Information systems, Journal of Emerging Technologies in Accounting, and the CPA Journal.