On Bauer Business Focus — A conversation on the field of accounting and why many business leaders are turning to the degree with Ed Mayberry, business reporter for KUHF 88.7FM.
After he turned 20, Michael Newman got involved with a start-up company. This experience brought him to value accounting and he later began an academic career which would lead to multiple degrees and faculty awards from the University of Houston.
An accounting education is more valuable than ever, says Newman, following the passage into federal law of the Sarbanes-Oxley Act of 2002, which came as a reaction to corporate and accounting scandals heightened by unethical CEO practices at companies like Enron and Tyco. “Sarbanes Oxley requires that CEOs understand the language of business. The language of business is accounting,” said Newman.
As Director of Accounting Programs and Clinical Assistant Professor at UH Bauer College, Newman oversees the development of accounting programs for one of the business school’s largest degree plans and takes an active role in making sure those students are recruited by a broad spectrum of companies. Newman relishes that graduates of the programs who attain a Certificate of Accountancy (CAP), or MS ACCY, will be needed as the field grows by 20 percent over the next two years. The CAP program helps fulfill course requirements to sit for the Uniform CPA exam.
“Students in the programs come to us from a diverse array of backgrounds — some are engineers, musicians and artists, entrepreneurs and veterans,” explained Newman. “There is a greater need for internal and external auditing and we are meeting that need as many firms are asking for us to bring this teaching to our students.”
To hear the interview, tune in to KUHF 88.7 FM this Friday, November 26, at 6:35 and 8:35 A.M.