Department of Accounting & Finance
Accounting and finance are at the heart of any business – and the Boston region is now the third largest financial market on the planet. At Bridgewater, we believe all students can benefit from exposure to the professions that drive the financial world.
Our students are in high demand and are actively recruited. Undergraduates in the accounting track often take the CPA or CMA exam and pursue careers in corporate or public accounting, auditing and taxation.
Professor Tobin joined the Bridgewater faculty in 2010 and teaches accounting, finance and taxation courses in both the undergraduate and graduate business programs. She brings significant professional experience to the classroom as she spent twenty years working as a results-oriented finance executive driving revenue growth and profitability with specific expertise in developing and implementing business plans in start-up, turn-around and sale/merger situations. Professor Tobin's professional career spans the accounting, finance, taxation and nonprofit fields while working in numerous different business environments and with varying levels of responsibility - from CPA to Controller to Managing Director to Chief Financial Officer to Consultant. She was Chief Financial Officer at the Boston Stock Exchange where she developed the valuation model and business plan to support the sale and operational transition of the Exchange to a global acquirer and the Interim Chief Financial Officer at four different start-up organizations where she designed and implemented the financial, administrative and tax infrastructures to support newly capitalized business plans. Professor Tobin remains engaged as an independent CFO consultant working on both volunteer and professional projects in the areas of accounting, finance, taxation and nonprofit administration. She serves on various boards and audit committees in the nonprofit sector.
Professor Tobin is a Certified Public Accountant and holds dual Masters degrees in Finance from Boston College and Taxation from Suffolk University. She is an avid sports enthusiast who played basketball at Stonehill College and coached basketball at Boston College.
BS, Stonehill College
MSF, Boston College
MST, Suffolk University
Donna Abelli, a certified public accountant, began her career at PricewaterhouseCoopers (PwC) and became a partner in assurance services. After serving as a public accountant, she worked as a chief financial officer for both private and public companies in life sciences, small businesses and nonprofits. During this time, she received her MBA from Suffolk University Sawyer Business School, with admission into Beta Gamma Sigma. Professor Abelli teaches accounting and management courses. Her research interests include corporate
governance, business ethics, and financial reporting. A teenager,adopted cats, and a dog keep her busy with scarce downtime!
BS, Bentley College
MBA, Suffolk University
BS, Providence College
MBA, University of Rhode Island
CPA, DBA, Nova Southeastern University
Professor Crowley is a Certified Public Accountant (CPA) in Maine and Massachusetts. He has extensive corporate experience in financial reporting and international tax at Bank of Tokyo-Mitsubishi (BTM) Capital Corp, Bank of Tokyo Financial Corporation, Bank of New England, Thomson Reuters, and Warren, Gorham & Lamont Publishers as well as public accounting and auditing experience at Ernst & Young. In addition to his professional experience, Dr. Crowley has taught at several major Boston universities and is a member of the American Accounting Association (AAA) and the Financial Executives International (FEI). He received honorable mention for the AAA's Mark Chain/Federation of Schools of Accountancy Innovation in Graduate Teaching Award, and his research interests include Revenue Recognition through Consolidation, International Financial Reporting Standards (IFRS), English as the reporting Lingua Franca and Financial Statement Disclosure analysis. His dissertation is entitled IFRS Mandatory Disclosures: Evidence of Form over Substance in the New EU. Professor Crowley is the faculty advisor for BSU's Accounting and Finance Club and is a member of the University's Honors Advisory Board. His outside interests include being a member of the Boston Athenaeum, a subscriber to the BSO, a weekly volunteer at Squashbusters (Boston) and an enthusiastic college basketball fan.
Intermediate Accounting II
International Financial Reporting Standards (IFRS)
Financial Statement Analysis
BA, Bates College
MBA, MS Tax, Northeastern University
DBA, Nova Southeastern University
Professor Carleton Donchess' main teaching interests are in the areas of Managerial and Cost Accounting. He was founding Chairperson of the Department of Accounting and Finance, serving nine years as Chairperson and twelve years as departmental Graduate Coordinator. Within those capacities he worked with the department faculty and staff developing new majors, minors and masters programs.
With substantial input and assistance from department faculty, Professor Donchess coordinated the eight year application process with the Massachusetts Board of Public Accountancy, earning "Option-One" status, the most prestigious accounting program designation available in Massachusetts.
He has been involved with numerous institutional committees and initiatives. He is the faculty member credited with naming "InfoBear" while serving on the original campus web development committee.
Professor Donchess serves as a technology consultant with Prentice Hall Publishing and is involved with the development of assessment and instructional technology. Prior to starting his teaching career, he worked locally in the high technology industry.
His interests include mountain biking, music, the ocean, chess, and he is still active in college radio volunteering as a member of the Stonehill College radio station alumni advisory board.
BS, Stonehill College
MBA, Babson College
MSA, Bentley University
Dr. Shannon Donovan has been teaching undergraduate and graduate finance, entrepreneurship and accounting courses, including Entrepreneurial Consulting, Managerial Finance, Managerial Accounting, Investments, Personal Finance, Real Estate and Capital Budgeting at Bridgewater State University for over fifteen years. Prior to teaching at Bridgewater, she taught at Northeastern University and Lesley College. Her uses of technology in the classroom led her to MyFinanceLab and Pearson Education where she currently authors end-of-chapter exercises in Finance text books, authors and reviews test banks and study guides and serves as a Faculty Advocate. She was awarded the 2007 MCO best online course award for her Managerial Finance course.
Professor Donovan was the co-founder and director of Bridgewater State University's Center for Entrepreneurship from 2006 through 2011. She has presented papers on the effectiveness of business plans in start-up companies in 2008 at the 6th International Conference on Finance in Athens, Greece and at the 20th Annual Conference of Entrepreneurial Finance. She has presented papers on the financial services industry at the Midwest Finance Association, the Eastern Finance Association, and the America Risk and Insurance Association. She also had a paper published in the Journal of Business and Information Technology in 2005.
Dr. Donovan had over ten years of experience in the investment industry before teaching. Her experience includes actuarial work, portfolio management and personal financial planning, including seminars on retirement planning.
She is an active member of various college committees and community organizations. She has been an active member of many local chambers of commerce including South Shore, Metro West and Plymouth where she has made presentations on cash budgeting and projected business statements. She is a member of the Finance Management Association, American Finance Association, the Eastern Finance Association, the American Risk and Insurance Association and the Academy of Management.
BA, MSF, Boston College
DBA, Nova Southeastern University
Professor Caitlin Golden joined the Bridgewater faculty in 2012 and teaches accounting and finance courses in both the undergraduate and graduate business programs. Caitlin brings extensive professional experience to the classroom from her career in public accounting, where she provided audit and financial reporting services to both privately-held and publically-traded financial institutions and holding companies. Her audit clients included SEC engagements and financial institutions under Federal Deposit Insurance Corporation Improvement Act (FDICIA) and Sarbanes-Oxley (SOX) 404 reporting requirements. Caitlin also provided advisory services for initial public offerings and mergers and acquisitions. Throughout her time in public accounting, Caitlin also developed training materials and facilitated instruction of training sessions for senior and staff auditors.
Caitlin is a Certified Public Accountant, holds a Master's Degree in Accounting from Northeastern University and is currently pursuing her PhD in International Business with a concentration in Finance. Her research interests include international firm performance, corporate governance and internal controls.
CPA, Massachusetts Board of Public Accountancy
BS, Fordham University
MSA, Northeastern University
BS, University of Rhode Island
MEd, Pennsylvania State University
PhD, Florida State University
BA, Brandeis University
JD, New England Law
BBA, University of Texas at Austin
MA, MBA, MS, University of Texas at Dallas
MS, Johns Hopkins University
Yihong Xiao received her PhD in finance and an MS in actuarial science from the University of Connecticut. Dr. Xiao has taught Financial Management and Fixed Income Security Analysis to undergraduate students and provided financial consulting to technology, utility, and aviation companies before joining BSU. Her research interests include investments, corporate finance and real estate finance economics. Dr. Xiao’s paper “Do REITs use cash reserves efficiently? Evidence from corporate acquisitions” (with Chinmoy Ghosh and Milena Petrova) was published in the Journal of International Money and Finance.
BA, Central Connecticut State University
MS, PhD, University of Connecticut
The department offers a BS degree in Accounting & Finance with a concentration in accounting or finance, as well as a minor in Accounting & Finance. To complement our well-established undergraduate programs, we also offer management-level career preparation through our Master of Science in Accountancy (MSA) program and our Master of Business Administration (MBA) program with an accounting concentration.
The finance track prepares students for careers in banking, investments, financial planning, cash management and international finance in both public and private institutions. Many finance students also prepare to seek professional certification as CFAs or CFPs.
For more information on programs see our Catalog.