$750,000 grant awarded to Alabama State University for student scholarships

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This grant will be able to transform lives. (Alabama State University)

Alabama State University’s Master of Accounting program is among one of only sixteen programs across the country to receive almost a million dollar grant. Keep reading to find out why this is important for the university.

What is the grant?

The $750,000 grant awarded to ASU’s Master of Accounting program will last three years and go towards helping students receive scholarships. The grant is from Klynveld Peat Marwick Goerdeler (KPMG), which is one of the nation’s largest “Big-Four” accounting firms. KPMG can be found throughout 146 countries and territories around the world, with almost 227,000 employees.

According to an article posted on ASU’s website by Kenneth Mullinax, the news media contact, the program will begin as soon as next school year.

“The MADA program will begin at ASU in the Fall of 2022 semester and will be overseen by the College of Administration and its department of Accounting and Finance. We are very humbled and proud to be included among such an elite group of only 16 schools awarded grants in the program by one of the nation’s most acclaimed accounting firms. Our program is listed among such institutions as the University of Georgia and Ohio State University.”

– Dr. Kamal Hingorani, ASU, Dean of Percy J. Vaughn, Jr. College of Business Administration (COBA)

What the scholarship entails

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We are excited to see how ASU is impacted by this grant. (Alabama State University)

“This collaboration with one of the Big-Four accounting firms will enable ASU to upgrade its curriculum, train its faculty, and have access to the latest data analytics tools and technologies on a state-of-the-art hosted cloud platform provided by KPMG. The aim of the program is to develop students that can ingest and analyze data as most businesses are now seeking professionals that are comfortable with both data analytics and automation technologies.” 

– Dr. Kamal Hingorani, ASU, Dean of Percy J. Vaughn, Jr. COBA

Initially, eight students will be chosen for the scholarship and will be recognized as KMPG scholars. All tuition and fees will be covered and there will even be a monetary stipend. According to Hingorani, in order to elevate the program even more, ASU’s Master of Accountancy program will add three new courses focusing on data analytics and automation.

We can’t wait to see the positive impact this has on both students and faculty of ASU!

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Sophie Higby
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