Author: Brian Kelleher


Accounting Department Welcomes New Faculty Members

The University of Connecticut has embarked on an ambitious hiring initiative to expand its faculty and senior academic leadership across disciplines, investing in 500 tenure-track faculty positions over the next four years.

As a result of this initiative, the Accounting Department is delighted to welcome two new faculty members in the 2013-2014 academic year. These new faculty bring a diverse array of expertise and research interests to the school and our students.

Paul Glotzer joins the faculty after serving as an adjunct lecturer in the Accounting Department of the UConn School of Business since 2012. Prior to UConn, Paul served as project manager at the Financial Accounting Standards Board (FASB). Prior to FASB, he served as director of accounting and auditing at Shein, Cohen, Palmer & Company, LLC, for twenty years. Paul also worked as a manager at Kostin Ruffkess & Company for ten years subsequent to working as a staff accountant for three years at Troub, Glotzer, & Company.

Paul’s areas of expertise include: U.S. GAAP and its application to financial statement preparation, audits, reviews, and compilations; income tax planning and compliance for corporations, partnerships, and individuals; and payroll and sales taxes. He has also published in the American Institute of Certified Public Accountants’ Journal of Accountancy. In addition to his affiliation with the AICPA, Paul is a very active member in the Connecticut Society of Certified Public Accountants where he currently serves or has served on several committees, including Technical Reviewer and Chair of the Accounting and Reporting Standards Committee; the Board of Governors; Compilation and Review Committee; Professional Ethics Committee; Peer Reviewer; Management of an Accounting Practice Committee and Relations with Secondary School Committee. He was also voted Committee Member of the Year for 2000-2001. Paul is a CPA and graduated with High Honors from the University of Connecticut in 1972 with a Bachelor of Science degree Accounting. He is also the new faculty advisor to the Accounting Society at UConn.

Arthur Schmeiser joins the UConn faculty after serving 38 years at Deloitte & Touche LLP where he retired as a senior partner. Art served clients in a variety of industries but had a focus on clients in consumer businesses such as Macy’s, Neiman Marcus, Procter & Gamble, Saks 5th Avenue, Sears, Talbots, The May Department Stores Company and Timberland. In addition to his client work, he has held various leadership positions within D&T, both domestically and internationally. He has broad experience in Securities and Exchange Commission [including serving as an SEC fellow from 1979 to 1981] and other accounting and reporting requirements having been involved with numerous initial public offerings, secondary offerings, public merger filings and public and private company audits. He has extensive experience dealing with Boards of Directors, Audit Committees and Senior Executives of U.S public companies in accounting and reporting areas, along with strategic acquisition and other business matters.

Art is a member of the American Institute of Certified Public Accountants, as well as the Society of Certified Public Accountants in the states of Connecticut and New York. Art earned a Bachelor of Science degree in Accounting from St. John’s University in 1971.


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SC2 Hartford Challenge

The SC2 Hartford Challenge is a US EDA grant-funded program offered through the President’s Strong Cities, Strong Communities (SC2) initiative.  The SC2 Challenge is an opportunity to create an economic development strategy and actionable plan—one that includes game changing policy, infrastructure and programming—to drive positive change for Hartford and impact revitalization efforts for other cities. Hartford’s goal is to become internationally known as the city where entrepreneurs come to start and stay to grow their businesses.

The City is calling for the formation of qualified teams by July 24thto submit their proposals. The top three proposals will share $100,000 in prize money. The top six teams will each be tasked with developing detailed, actionable economic development plans. These six teams will share $800,000 in EDA-funded prizes. The top prize is $500,000. UConn’s School of Business is honored to be a member of the review panel.

If you would like more information, please contact Stephen Cole at the Hartford Economic Development Division  at COLES001@hartford.gov or 860-757-9071. Please note: SC2 Hartford registration closes July 24th, and proposals are due September 22nd.  Learn more at hartford.sc2prize.com/


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MS HRM and Advanced Business Certificate in HRM Approved by UConn’s Board of Trustees

The University of Connecticut School of Business is pleased to announce that updates to its MS HRM degree program, as well as a new graduate certificate in HRM, have been approved unanimously by UConn’s Board of Trustees. Following a rigorous academic review by the Management Department in January 2014 and subsequent approval by the Faculty of the School of Business, the former MPS HRM program was redesigned to accommodate today’s working professional and align the curriculum with the needs of tomorrow’s HR leaders. Every course in the program was updated and several new courses were added to the Graduate Catalog, including Managing Risk in the Workplace, Talent Management Through the Employee Lifecycle, and Consultative Management for Business Function Professionals. The new program is a 33-credit cohort program with concentrated seven-week sessions in a defined sequence. The benefits of this design include greater integration across the curriculum, collaborative learning across the cohort, and the ability to focus on one course per session while completing the degree in 22 months.

For more information, please contact us at 860-486-4176 or HRM@business.uconn.edu.


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Scholarship Opportunities for HRM Students

SHRM, the SHRM Foundation and the HR Certification Institute are now accepting applications for the Susan R. Meisinger Fellowship for Graduate Study in HR until August 18, 2014.  The fellowship is designed to support master’s degree students who are either members of SHRM or certified HR professionals through the HR Certification Institute. Sponsored jointly by SHRM, the SHRM Foundation and the HR Certification Institute, the fellowship supports those who want to leverage significant past contributions to the HR management field and who plan to continue contributing to the profession by earning a master’s degree in HR.

One winner is selected annually to receive a fellowship of up to $10,000. Additional fellowships may be awarded, depending on funding available, quantity and quality of applicants, and the discretion of SHRM. Each fellowship is renewable for one additional year for a total of two years of graduate study and up to $20,000 total for the fellowship. Doctoral students are not eligible for this award.

How to Apply
Download and complete the application form, compile all required materials, then mail your completed application package to:

Meisinger Fellowship
SHRM Foundation Administrator
1800 Duke Street
Alexandria, VA 22314
(703) 535-6020

All required materials must be submitted together in one package. Applications will not be returned. Completed applications must be received by Monday, August 18, 2014. All applicants will be notified of results via mail by October 31, 2014.


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Special Guest Speaker During ACCT 5505

The online MS in Accounting Program held its four day in-residence class, Acct 5505, from May 19-22, welcoming 100 new students to UConn. One highlight from the week was a speech from our welcome dinner’s keynote speaker, MSA alum, Ann Kummer. Ms. Kummer is a tax manager at Kirshon & Company, P.C., a firm located in Poughkeepsie, NY, and serving the Hudson Valley. She has nearly two decades of experience in public accounting and expertise in tax compliance matters including tax preparation and representation for high net-worth individuals, trusts and estates, partnerships, and corporations. Continue Reading


UConn ups business on the syllabus

“In a lightning-fast economy, universities must constantly adapt to the shifting job market by adding and subtracting courses, instructors and professional degrees, all while maintaining budget. Over the past several years, The University of Connecticut in Stamford has been responding to the job market by expanding its business school programs and strengthening its ties with the business community…

UConn Business School Executive Director Jud Saviskas said there’s been a definitive growth in the college and the business community plays a big role in providing direct input into that growth. Three new business programs have emerged in just four years

Four years ago, the business school launched a master’s degree program in financial risk management. Last fall, it started an undergraduate financial management program.

The one-year graduate program in financial risk management, which is offered in both the Hartford and Stamford campuses, grew from 23 students total in 2010 to 86 students [in Fall 2012]. The enrollment number is expected to reach 140 this fall.”

The full article  from insurancenewsnet.com, written by Crystal Kang (May 19, 2014) may be found here.

 


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A Visit from the FASB, CTCPA, and CT State Board of Accountancy

The online MS in Accounting Program held its four day in-residence class, Acct 5505, from May 19-22, welcoming 100 new students to UConn. One highlight from the week was a session called “Steering the Profession,” which included a presentation by Jeremie Richer of the FASB about the FASB’s role in the accounting profession. Joining Jeremie in the workshop were Mark Zampino from the CT Society of CPAs, and Sonia Worrell Asare and Stephanie Sheff from the CT State Board of Accountancy. They provided an overview of how their state-based organizations can help accountants in their work. In addition, they discussed the requirements for continuing professional education for Connecticut, pointing out that each state has its own requirements.

A big thank you to Jeremie, Mark, Sonia, and Stephanie for their time and expertise.


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Domestic Students Now Allowed Part-Time Option

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Important Change for Domestic Students

(Effective Immediately)

The MsFRM program now allows domestic students both full-time and part-time options.  The course sequence under the full time option is as follows:

Full-Time Option

  • Fall I – 2 courses                                                                   
  • Spring I – 3 courses
  • Summer I – 3 courses
  • Fall II – take 3 courses

Total – 11 courses (33 credits)

Graduation in the December of following year.

All course are lock-step and must be taken in sequence

Part-Time Option

 Under the part-time option, students are allowed the maximum possible flexibility to take as many or few courses as they wish every semester.  However, courses are still lock-step and part-time students must wait until the course is offered again next academic year.

A suggested sequence of courses for part-time students is as follows:

  •  Fall I – 2 courses                                                                   
  • Spring I – any 2 courses (should take Fin Modeling II)
  • Summer I – any 2 courses (should take Fin Modeling III)
  • Fall II – 3 courses
  • Spring II – 1 remaining course from Spring I
  • Summer II – 1 remaining course from Summer I

Total – 11 courses (33 credits)

Graduation in the May of second year.

All course are lock-step and must be taken in sequence

Under the above Part Time scheme, part-time students will graduate in May of second year.

However, the program allows the students the maximum possible flexibility to choose as many or few courses as the part-time student wishes, subject to the following caveats:

  1. Domestic students will be allowed to take as many (not exceeding 3) or as few (including not taking any course) courses they choose during each semester.
  2. All domestic students are strongly advised to take at least one course each semester.
  3. All domestic students are strongly advised to take the Financial Modeling course sequence before they take the Financial Risk Management sequence, to the extent possible.
  4. Domestic students must finish the experiential learning project with the group to which he/she is assigned.
  5. All domestic students are strongly advised to finish the program within 2 years.
  6. All domestic students must finish the program (33 credits for the 15 month, 42 credits for the 20-month program) within 3 years from starting the program.

***Important – Students need to take a certain number of credits to be eligible for financial aid and to not have to repay loans.  Students should be careful about their funding availability if they choose to take less credits per semester.  Students are responsible to check with Financial Aid Office regarding this issue.

The part-time option is available to all domestic students with immediate effect, meaning current domestic students can take advantage of this change from this summer.  Please also note that the current students choosing the part-time option will have to wait until next year when the same courses will be offered again, unless the course sequence is changed in which case they will be informed immediately.


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Strategy Competition – winners announced soon …

Like the smell of flowers, fresh rain, and cut grass, ANTICIPATION is another thing that is in the air during the spring months, where everyone is anxiously awaiting  announcements listing winners of various competitions held throughout the University.  The CCEI Strategy Competition is one such event.  We are currently calculating the scores from last night’s evening of presentations, and will have the announcement of the winners posted on our website and announced by email tomorrow, 4/23/14.  Everyone did a great job, and congrats to everyone for having such great ideas, and making it to the finalist round – out of almost 60 entries, being a finalist is a victory in itself.  🙂


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MSFRM 3rd Annual Risk Management Conference, “The many faces of Enterprise Risk Management (ERM)”, March 20, 2015

Save the date:

The MSFRM Program will be hosting its 3rd Annual Risk Management Conference on March 20, 2015 entitled “of “The many faces of Enterprise Risk Management (ERM)”.  More details will be posted to the MSFRM website as soon as they are available.


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