Accounting & Finance – The Citadel Today https://today.citadel.edu Tue, 01 Sep 2020 20:45:30 +0000 en-US hourly 1 https://wordpress.org/?v=5.5.1 https://today.citadel.edu/wp-content/uploads/2018/06/Citadel-Favion-new-150x150.png Accounting & Finance – The Citadel Today https://today.citadel.edu 32 32 144096890 Baker School of Business welcomes new faculty in all three departments https://today.citadel.edu/baker-school-of-business-welcomes-new-faculty-in-all-three-departments/ Tue, 18 Aug 2020 21:15:28 +0000 https://today.citadel.edu/?p=17821 The Tommy and Victoria Baker School of Business is welcoming five new faculty members joining The Citadel community for the 2020-2021 academic year.]]>

Photo: Iordanis Karagiannidis, Ph.D., teaching cadets in the Rick and Mary Lee Bastin Financial Leadership Lab in 2018

The Citadel’s Tommy and Victoria Baker School of Business is comprised of three departments: Accounting and Finance, Management and Entrepreneurship, and Marketing, Supply Chain Management and Economics.

Under the leadership of Dean Michael Weeks, Ph.D., the school has more than 20 tenured/tenure-track faculty and about 620 cadet majors. The school also offers an undergraduate degree completion program for non-cadet, evening students as well as an online or in-person Master of Business Administration program, both through The Citadel Graduate College.

The Baker School of Business welcomes five new faculty members for the 2020-2021 academic year.

Accounting and Finance

Michael Chitavi, DBA

Chitavi specializes in asset pricing and contemporary theories of finance. His areas of research interest include commodity derivatives, microstructure and Fintech (Financial Technology).

Prior to arriving at The Citadel, Chitavi taught finance and accounting courses at both the undergraduate and graduate level at multiple universities in the Midwest.

 Before teaching, Chitavi worked in the financial services group of KPMG in Canada, and South Africa.  He also worked in the alternative finance sector at the boutique firm Chicago Ventures (Formerly I2A Venture Capital Firm) and Hughes and Co.

Chitavi earned his Doctor of Business Administration (DBA) from the University of Wisconsin – Whitewater. He also earned his Master of Business Administration from Northwestern University.

Management and Entrepreneurship

David Desplaces, Ph.D.

For nearly two decades, Desplaces has dedicated himself to educating entrepreneurs, executives and future leaders with one goal in mind — unlocking the potential in each of them. He has distinguished himself by applying his expertise in the areas of international management, global commerce and trade, cultural management, leadership, change management, and entrepreneurial venturing.

Desplaces’ experience includes supporting various domestic and international entrepreneurial ventures, being a part owner in various businesses, helping launch a professional certification program, leading international cultural and professional development initiatives, and empowering his community through various leadership and coaching initiatives.

Desplaces earned his Ph.D. from the University of Rhode Island; he also holds a Master of Science in Education from Syracuse University and a Master of Business Administration from Bentley University. In addition to The Citadel, he teaches business classes at the College of Charleston.

Read more about Desplaces here.

Gayla Todd, DBA
Alvah H. Chapman, Jr. Chair in Management and Ethics

Todd recently earned her Doctor of Business Administration (DBA) after 29 years of business experience, working globally for multiple software solution and technology companies. Her doctoral research was about the retention of women in STEM occupations.

Todd’s career has included various positions in business development and strategy, sales, product management, product marketing, customer and data analytics, solution architecture and implementation consultation. Todd has experience working in many countries throughout Europe and Asia Pacific. 

Todd earned her DBA – as well as her BA in Marketing and Management – from Saint Leo University. She earned a Master of Business Administration from the University of Tampa.

Eric Villafranca, MBA, MS

Villafranca comes to The Citadel after teaching data visualization and management information systems at Baylor University, where he also earned his Ph.D in Information Systems.

He earned a Bachelor of Business Administration from the University of Arkansas at Little Rock, a Master of Business Administration from Sam Houston State University, and a Master of Science in Information Systems from Baylor University, before beginning his Ph.D. program.

Before beginning his education, Villafranca served in the U.S. Air Force for eight years, first as a Communications and Navigations Missions Systems Technician stationed at Yokota Air Base in Japan and, later a weather forecaster in the Texas Air National Guard, providing weather support during natural disasters for the U.S. Army North and their Defense Support of Civil Authorities mission. He left the Air Force as a senior airman.

Marketing, Supply Chain Management and Economics

Hee Yoon Kwon, Ph.D.

Kwons has varied teaching and research interests. He is an expert in post-disaster humanitarian supply chains, gamified and game-based learning, and immersive technologies – like virtual and augmented reality – as well as their behavioral impacts in learning, operations, and supply chain management.

According to Kwon, he works to challenge and support his students to engage in real-world and hands-on projects, such as national public service announcement contests and op-ed writing projects.

Kwon joined The Citadel after working as a consultant and assistant manager for multiple institutions in Korea.

He holds a Ph.D. in Supply Chain Management from the University of Rhode Island, a Master’s degree in International Studies from Seoul National University and a B.A. in Spanish Language and Literature from Korea University.

]]>
17821
USA Today: Soldier sneaks up on Citadel football player son https://today.citadel.edu/usa-today-soldier-sneaks-up-on-citadel-football-player-son/ Mon, 27 Jul 2020 00:23:38 +0000 https://today.citadel.edu/?p=17363 Tereis Drayton, a rising junior majoring in Finance, received a Homecoming surprise that was arranged by The Citadel Athletics in 2019.]]>

As seen in USA Today Militarykind

USA Today’s positive news brand, Militarykind, recently reached out after seeing the 2019 Homecoming surprise for Citadel Cadet Tereis Drayton. His father, Staff Sgt. Demond Drayton, sneaked up behind his son for a homecoming surprise, arranged by The Citadel Athletics.

Drayton, a rising junior majoring in Finance, plays on the offensive line for The Citadel Football team.

Watch Drayton’s new interview with USA today about that special moment below.

]]>
17363
Baker School of Business earns extension for prestigious accreditation https://today.citadel.edu/baker-school-of-business-earns-extension-for-prestigious-accreditation/ Mon, 06 Jul 2020 19:38:41 +0000 https://today.citadel.edu/?p=17136 The Baker School of Business is one of the 22 institutions to have extended its accreditation in business through the AACSB.]]>

The Citadel’s Tommy and Victoria Baker School of Business is one of the 22 institutions to have extended its accreditation in business through the Association to Advance Collegiate Schools of Business (AACSB).

For more than a century, AACSB accreditation has been reserved for colleges and universities with the highest standards in business education.

“We’re pleased that AACSB continues to recognize the quality of our business programs,” said Michael R. Weeks, Ph.D., dean of the Baker School of Business. “The hard work and dedication of all of our outstanding faculty, staff and students, as well as their commitment to excellence, enabled this mark of distinction.”

Achieving accreditation is a rigorous, multiyear process. These standards require excellence in areas relating to strategic management, innovation and more.

“AACSB congratulates each institution on its achievement,” said Stephanie M. Bryant, executive vice president and chief accreditation officer of AACSB. “Every AACSB-accredited school has demonstrated a focus on excellence in all areas, including teaching, research, curricula development and student learning. The intense peer-review process exemplifies their commitment to quality business education.”

The Baker School of Business offers its students a diverse array of scholastic options through its three departments: Accounting and Finance – Management and Entrepreneurship – and Marketing, Supply Chain Management and Economics.

The Tommy and Victoria Baker School of Business is named for Charleston entrepreneur and philanthropist, Tommy Baker and his wife, Victoria. Baker, founder and owner of Baker Motor Company, studied business while attending the college as a veteran student, enrolling after returning from service as an enlisted Marine in 1968.

]]>
17136
What You Need to Know About Becoming an Accounting Major https://today.citadel.edu/what-you-need-to-know-about-becoming-an-accounting-major/ Fri, 19 Jun 2020 10:00:58 +0000 https://today.citadel.edu/?p=16967 The Citadel's accounting major -- housed in the Tommy and Victoria Baker School of Business -- is ranked #2 in Regional Universities South.]]>

As seen in U.S. News and World Report, by Emily H. Bratcher

An accounting major gets a strong education in business administration, diving into the technical intricacies of accounting and developing other skills required in an accounting role, such as public speaking and information systems. Students looking to study accounting should be interested in numbers, the communication of financial information, corporate finance, software programs and data analytics.

What Is an Accounting Major?

Accounting majors learn how to create, maintain and audit a detailed and accurate system that displays the finances of a business or organization. They study the theory behind accounting and learn how to analyze the financial position of a firm or organization.

Depending on your program, you may earn a Bachelor of Business Administration or a Bachelor of Science in accounting. Schools may also have different names for accounting majors, such as accountancy, accounting and financial management, and accounting technology.

A completed undergraduate degree in accounting may qualify you to take the Uniform Certified Public Accountant Exam, a qualification for practicing as an accountant, though in many cases, you may need additional coursework.

Future employers highly value skills like organization, attention to detail, good time management, leadership and communication, which accounting majors may develop over the course of their degree program.

Common Coursework Accounting Majors Can Expect

Most accounting majors begin their studies with a broad liberal arts education that includes courses such as English literature, foreign language, psychology and physics. However, as they progress in their studies, accounting majors can expect to take introduction to accounting and taxation courses as well as principles of microeconomics and macroeconomics. Math classes like calculus and statistics are part of the curriculum, too. More advanced courses accounting majors take include computer-based systems, operations management, business law, and theory classes for both accounting and auditing. Business communication and public speaking are often part of accounting program curriculums as well.

Many programs, like the one at the highly ranked McCombs School of Business at the University of Texas–Austin, require students to take an accounting internship for credit. This lets accounting majors gain hands-on experience in the field as well as cultivate professional contacts to help them land a job after graduation.

How to Know if This Major Is the Right Fit for You

Accounting majors should enjoy math, and they should revel in organization, as crunching numbers in a computer-based system and analyzing financial information are important parts of the job.

But accounting majors also have to communicate their findings in front of executives of an organization or business and answer questions related to their analysis. Accounting majors should be content with routine, repetitive tasks and expect long hours during tax season, which runs from January through April. Lastly, accounting majors should be honest rule-followers, as the job entails adhering to detailed regulations and tax codes.

What Can I Do With an Accounting Major?

Those interested in continuing their education can get a master’s in accounting or taxation or an MBA with a concentration in accounting. Many schools offer five-year programs where students can obtain their bachelor’s and master’s degrees together, and usually complete an internship.

After graduating and passing the CPA exam, majors can work as accountants at firms or organizations, or they can work for large auditing firms. Other options include working as personal financial advisors or financial analysts. Accounting majors can also become the chief financial officer or the vice president of finance at a business or organization.

Schools Offering an Accounting Major

Check out some schools below that offer accounting majors and find the full list of schools here that you can filter and sort.

For more information about the Tommy and Victoria Baker School of Business‘s accounting major, click here.

]]>
16967
The Baker School of Business: adding links to the global chain https://today.citadel.edu/the-baker-school-of-business-adding-links-to-the-global-chain/ Tue, 02 Jun 2020 23:00:59 +0000 https://today.citadel.edu/?p=16577 The Baker School of Business is working to meet the need by offering a degree in Supply Chain Management, guided by professors who are experts in the field.]]>

Photo courtesy of S.C. Ports Authority

A quick drive from The Citadel over the Cooper River Bridge demonstrates the global connections within the modern world. According to the South Carolina Ports Authority, about five cargo ships enter the Charleston Harbor every day — carrying cargo worth hundreds of millions of dollars. Another example can be found anywhere on America’s interstates, where drivers regularly share lanes with an unknowable number of semi-trucks, transporting goods from point to point.

Supply Chain Management is essential for almost every business or organization. That’s why The Citadel’s Tommy and Victoria Baker School of Business is working to meet the need by offering a degree in Supply Chain Management, guided by professors who are experts in the field.

What can leaders working in the supply chain management functions do? The options are extensive:

  • Forecasting and planning
  • Purchasing and procurement
  • Logistics
  • Operations
  • Inventory management
  • Transportation
  • Warehousing
  • Distribution
  • Customer service

Not only does the supply chain field offer a wide variety of professions, it also offers business graduates a lucrative range of salaries.

According to the Bureau of Labor Statistics, a General/Operations Manager – a career classification that includes Supply Chain Managers – could expect to earn an average salary of $123,880 in 2019. It’s also one of the most popular positions for the industry, employing nearly 2,300,000 people.

A few other popular supply chain professions, and their average salaries, are:

The Citadel just awarded its first Supply Chain Management degrees to seven cadets during the 2020 virtual commencement. Thanks to the wide variety of curriculum in the Baker School of Business, the graduates were able to seamlessly transition their general Business Administration studies into the newly developed Supply Chain Management major and earn a more specialized degree.

Two of those graduates are now serving as officers in the U.S. military. Supply Chain Management is a natural fit for those who are called to serve in the military, but who want to enter business later in their careers.

“From my standpoint, Supply Chain Management is probably the major that most quickly translates to either the military or the private sector,” said Robert “Bob” Riggle, Ph.D., head of the Baker School of Business’s Department of Marketing, Supply Chain Management & Economics. “If a cadet wants to major in Supply Chain and also wants to enter the military, the natural progression of that is to be a supply officer. Then, when they leave the military, they can seamlessly transfer those skills from The Citadel and the military into the private sector, for any number of companies.”

Riggle’s expertise comes from years of working in the supply chain. Some of the positions he held prior to becoming a professor included working with Coca-Cola Enterprises and Naylor Publications, and as a consultant for several large American businesses.

A critical part of COVID-19 management and recovery

Those considering careers in supply chain can clearly see just how vital the field is, with the pandemic affecting every kind of industry, including supply chain.

“COVID-19 really exposed the supply chain resiliencies and/or deficiencies for different companies,” said Riggle. “An easy example of this is something like toilet paper, when demand outstripped supply and it was almost impossible to find – it takes time to get that stuff made and shipped. The shipping process is a critical factor, and that’s why Supply Chain Management – knowing what, when and how to ship something – is so important.” 

Riggle believes, with the unusual fluxes in supply and demand due to the pandemic, this could be one of the best times to be learning about Supply Chain Management.

“What we will learn from the COVID-19 situation is, most likely, how to fix the deficiencies we’ve discovered. We’ll also know what we’ve done really well. Companies will get leaner and more efficient in the supply chain.”

For more information about The Citadel’s Supply Chain Management program, please click here or contact Dr. Bob Riggle at 843-953-6978 or email bob.riggle@citadel.edu

In addition to Supply Chain Management, the Baker School of Business offers degrees in accounting, finance and general business – comprising some of the college’s most popular degree programs. The business school offers its graduates an infinite number of career paths through the three departments: Accounting & Finance – Management & Entrepreneurship – and Marketing, Supply Chain Management & Economics.

The Tommy and Victoria Baker School of Business is named for Charleston entrepreneur and philanthropist, Tommy Baker and his wife, Victoria. Baker, founder and owner of Baker Motor Company, studied business while attending the college as a veteran student, enrolling after returning from service as an enlisted Marine in 1968.

]]>
16577