//The Graduate Student Advisory Board has scheduled the follow-ing dates for this term's meeting: Tuesday February 7, Wednesday March 14, and Thursday April 5. The meetings will be held at 5:45 p.m. until 6:30 p.m. in the conference room in the first floor of the Commerce and Finance building. All graduate students are encouraged to attend! If you have any questions please con-tact Dr. Gregory Ulferts, Director, Graduate Programs at ulfertgw@udmercy.edu, or Gerta Rapo, Co-Chaiman at rapo-ge@udmercy.edu or Luljeta Ma-ta, Co-Chaiman at mata-

lu@udmercy.edu.

Advisory Board has scheduled

WHAT’S NEW?WHAT’S NEW?WHAT’S NEW?WHAT’S NEW?

On Monday, January 16th, the MBA Graduate Student Advisory Board participated in the MKL Service Day by going to Ann Visger Preparatory Academy in River Rouge and assisted with various projects including painting, organizing and cleaning inside the school. This event was organized and sponsored by University of Detroit Mercy and United Way for Southeastern Michigan. Thank you to all volunteers who participated and made this event a great success! If you are interested in joining the Graduate Student Advisory Board please contact Dr. Gregory Ulferts Director, Graduate Programs at ulfertgw@udmercy.edu, or Gerta Rapo, Co-Chaiman at rapoge@udmercy.edu, or Luljeta Mata, Co-Chaiman at matalu@udmercy.edu. Left to right: Prabuddha Mohanty, Luljeta Mata, Chuck Hokett - Manager, Adademic Compu-

ting Labs & Audio Visual Classroom Support, Mengqiu Gu, Huan Xue and Yang Wang.

In the spirit of the Jesuit and Mercy traditions, UDM CBA students enrolled in Dr. Sabbaghi's finance classes team up with HOPE Corps Members and Volunteers from Primerica and Talmer Bank and Trust to teach Global Dignity Day sessions to 16 classes of students (575 in total) at Spain Elementary and Middle Schools in downtown Detroit. Students at Spain ES-MS were introduced to the 5 Dignity Principles and encour-aged to identify people in the community who live dignified

lives.

rapoge@udmercy.edu.

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J A N U A R Y - F E B R U A R Y 2 0 1 2

V O L U M E 1 0 , I S S U E 3

“ I N T H E K N O W ” N E W S L E T T E R

C O L L E G E O F B U S I N E S S A D M I N I S T R A T I O N

M A R K Y O U R C A L E N D E R

♦ SCHOLARSHIPS: Please check

the Graduate and Undergradu-

ate bulletin boards for infor-

mation pertaining to a variety of

scholarships.

♦ May, June and August Grads !

Applications for Graduation are

due nownownownow. See your advisor.

♦ Graduate students interested in

a Grad Assistantship for Fall

2012 please pick up an applica-

tion in the Welcome Center.

CF 112

♦ WINTER RECRUITMENT FAIR

February 14th 1— 4:30 all

majors. Submit a resume and

register for workshops. For more

information go to

careerlink@udmercy.edu

F A C U L T Y U P D A T E

H O N O R S O C I E T Y I N F O R M A T I O N

The St. Ignatius Chapter of the Global Jesuit Business Student Association (GJBSA). The mission of GJBSA

is to recognize the academic achievements and community involvement of students attending Jesuit business schools worldwide.

Eligible undergraduate students must have completed the equivalent of three years of coursework in fulfillment of the requirements for a bache-

lor’s degree, be in the upper 25 percent of the class, have evidence of substantial service to the institution and/or community, and have high ethi-

cal and moral ideals.

Eligible graduate students must have completed the equivalent of eighteen (18) hours of coursework in fulfillment of the requirements for a mas-

ter’s degree, have achieved a minimum 3.5 grade-point average on a 4.0 scale, have evidence of substantial service to the institution and/or com-

munity, and have high ethical and moral ideals.

Page 2 “ I N T H E K N OW ”

Omid Sabbaghi.Omid Sabbaghi.Omid Sabbaghi.Omid Sabbaghi. “Asymmetric Volatility and Trading Volume: The G5 Evidence” Global Finance Journal,22(2), 2011: 169-181. Omid Sabbaghi and Navid Sabbaghi. “Carbon Financial Instruments, Thin Trading, and Volatility: Evidence from the Chicago Climate Exchange” The Quarterly Review of Economics and Finance, 51(4),2011: 399-407.

Thomas MawhinneyThomas MawhinneyThomas MawhinneyThomas Mawhinney, “Job Satisfaction: I/O Psychology and Organizational Behavior Management Perspectives” Journal of Organization-

al Behavior Management, 31(4), 2011:288-315.

Mithu BhattacharyaMithu BhattacharyaMithu BhattacharyaMithu Bhattacharya, Irene Petrick, Tracy Mullen, and Irene Kvasny, “A Delphi Study of RFID Applicable Business Processes and Value

Chain Activities in Retail” Journal of Technology Management & Innovation, 6(3) 2011: 63-81.

Chang Won Lee and Gregory W. UlfertsGregory W. UlfertsGregory W. UlfertsGregory W. Ulferts, “Managing Supply Chain Risks and Risk Mitigation Strategies” North Korean Review, 7(2),

2011: 34-44.

Robert Page, Lawrence Zeff, Lawrence Zeff, Lawrence Zeff, Lawrence Zeff, and Mary HigbyMary HigbyMary HigbyMary Higby, “Toyota’s Undoing: A Case of Hyper Response to Hyper-Conflict” Business Research Year-

book, 18(2), 2011: 589-596.

Lun Mo, Fang YangFang YangFang YangFang Yang, and Xiangen Hu, “An Empirical Examination of IRT Information for School Climate Surveys” Educational Research & Evaluation, 17(1), 2011: 33-45 Lun Mo, Fang YangFang YangFang YangFang Yang, Xiangen Hu, Florence Calaway, and John Nickey, “ACT Test Performance by Advanced Placement Students in Mem-

phis City Schools” Journal of Educational Research, 104(5), 2011: 354-359.

Joseph G. EisenhauerJoseph G. EisenhauerJoseph G. EisenhauerJoseph G. Eisenhauer, “The Rich, the Poor, and the Middle Class: Thresholds and Intensity Indices” Research in Economics, 65(4), 2011: 294-304.

Joseph G. EisenhauerJoseph G. EisenhauerJoseph G. EisenhauerJoseph G. Eisenhauer and Luigi Ventura, “Interval Risk Aversion” Applied Economics, 43(9), 2011: 1139-1150.

Delta Mu Chapter of the International Honorary Society, Alpha Iota Delta. The purposes of the Delta Mu Chapter are to confer distinction

for academic excellence in the decision sciences and computer information systems; promote the infusion of the functional and behavioral areas

of administration with the tools, concepts, and methodologies of the decision sciences and computer information systems; and promote profes-

sional fellowship.

Eligible undergraduate students must have a demonstrated commitment to service, have high ethical and moral standards, and have maintained

either a minimum cumulative grade average of 3.5 through the junior year or a minimum cumulative grade average of 3.25 through the senior

year.

Eligible graduate students must have completed 18 hours of coursework, achieved a minimum cumulative grade point average of 3.5, have a

demonstrated commitment to service, and have high ethical and moral standards.

Nominations for Honor Societies are being accepted. Application forms available through Dr. Gregory Ulferts at

ulfertgw@udmercy.edu, or 313-993-1219).

Nominations for Beta Alpha Psi are be accepted at jeanne.david@udmercy.edu. Nominees should be Upper level Accounting or Finance

students with a GPA of at least 3.00.

CONGRATULATIONS

CBA student and Student Advisory Board Co-Chair Christina Stilianos, whose team just won this year’s Ethics

Bowl! Let’s wish them the best as they move beyond UDM to compete in the Regional tournament.

Behind the Bracelet

http://24hourwristbands.com/order-custom-debossed-wristbands/

Obstacle #2

Approval

In the picture are (left to right) are: Olivia Richards, Emily

O’Brien, Danielle Holmes, Jenna Palczynski, Rebecca Mallender, Mike

Nedoszytko, Matt Ybarra, Will Byers and Ana Beaudoin.

The first course in the College of Business that freshman business majors take is Business as a Profession (BUS

1600). In this class, students work in teams to raise funds for non-profit organizations as part of the University’s

commitment to service learning experiences. In the fall of 2011, the class raised money for Campus Kitchen and

Gleaners. Currently 31 schools participate in this project around the country. The University of Detroit Mercy is

the only school in Michigan that provides this service to the Detroit community. The UDM branch of Campus

Kitchen salvages food from cafeterias and engages student volunteers to prepare and deliver food to the

community. Teams in the BUS 1600 develop and implement business plans to raise money to support Campus

Kitchen and Gleaners. This fall the class raised nearly $3400 for the Campus Kitchen project. Pictured is the

team that raised nearly $1500 selling armbands and identifying corporate sponsors.

The instructor of the course was Mary Higby, Professor of Marketing and she was assisted by Leonard Kloft,

Assistant Dean of the College of Business.

At present, and for the foreseeable future, the fastest-growing field within accounting—and one of the fastest growing fields in any business discipline—is forensic accounting. Following a decade of high-profile corporate scandals involving now infamous cases such as Enron, WorldCom, Adelphia, Tyco, Arthur Anderson and many others, the federal government passed new accounting regulations in the Sarbanes-Oxley Act of 2002, and in the wake of irresponsible behavior in financial markets that led to the current recession, the government passed the financial regulatory reform package known as the Dodd-Frank Act of 2010. As a consequence, both the public and private sectors are expected to experience accelerated demand for forensic accountants. Through 2018, the U.S. Bureau of Labor Statistics forecasts 22% growth in accounting/auditing jobs, and a

31% increase in demand for compliance officers.

The College of Business Administration offers an 8-course (24 credit hour) post-baccalaureate certificate in Forensic Accounting. The certificate would enhance retention of accounting majors by offering them additional job-related training that satisfies the requirements for the CPA exam. The certificate would also be attractive to graduates of other accounting programs who either wish to specialize in forensic accounting or intend to take the CPA exam. Because it focuses on preventing, identifying, and correcting fraud, a certificate in Forensic Accounting would be highly consistent with the mission of UDM and the College of Business Administration. Indeed, the strong national reputation that the College has earned in the area of business ethics and its international accredita-tion by the Association to Advance Collegiate Schools of Business (AACSB) imbues the institution with credibility as a purveyor of forensic accounting. At present, there are few such programs nationally or regionally offered

by accredited institutions.

Forensic Accounting (Graduate Certificate)Forensic Accounting (Graduate Certificate)Forensic Accounting (Graduate Certificate)Forensic Accounting (Graduate Certificate)