Saleha Khumawala

Professor - Robert Grinaker Professor of Accounting, Executive Director of the Dakri Center for Economic Inclusion and Founding Director of the SURE™ Program

Saleha Khumawala


Ph.D., University of North Carolina at Chapel Hill, 1978, Accounting. CPA (Texas), CGMA. She teaches and does research in the field of Government and NonProfit Accounting and Social Entrepreneurship and is the founding director of the SURE™ (Stimulating Urban Renewal through Entrepreneurship) Program. She has widely published in prestigious journals such as The Accounting Review, Journal of Accounting and Public Policy, Journal of Accounting, Auditing and Finance, Accounting Horizons, Advances in International Accounting, Journal of Public Budgeting Accountability and Financial Management and others and has made numerous presentations at national and international conferences. She has successfully led the Study Abroad Programs to India since 2002 for students, faculty and administrators at the University of Houston She is also the coauthor of Government and Not-for-Profit Accounting: Concepts and Practices, 7th edition, John Wiley & Sons, and is an active member of the American Accounting Association and served as the President of the Government and NonProfit Section in 2008. Dr. Khumawala is also an advisor to several nonprofit organizations in Houston and serves on the Board of directors for Pennies for Education and Health.

SURE™ Program: Stimulating Urban Renewal through Entrepreneurship

In a nutshell, the SURE™ program is a unique, innovative experiential learning program that embeds service learning with a measurable social impact.


SURE™ provides an experiential, impactful, innovative educational program by creating a partnership between University of Houston students, business thought leaders, and aspiring local entrepreneurs from underserved and disadvantaged communities.

  • To produce socially engaged students who have developed empathy, critical thinking and key soft skills.
  • To stimulate urban renewal by empowering entrepreneurs in under-resourced communities.
Impact to Date (April 2017)
  • Over 500 entrepreneurs educated
    • 87 businesses launched
    • 2,500 immediate impact
  • Over 500 households
    • 2,500,000 ripple impact
    • Across 60 Houston-area zip codes

Learn more at

Research Interests

  • Governmental Accounting
  • Accounting for Not-for-Profit entities
  • Social Entrepreneurship

Selected Publications

  • Saleha Khumawala, Tharindra Ranasinghe and Claire Yan, "Why Hedge? Extent, Nature, and Determinants of Derivative Usage in US Municipalities," Journal of Accounting and Public Policy, Vol. 35, No. 3, 2016, pp 303-325
  • Saleha Khumawala, Sandip Dhole, Tharindra Ranasinghe and Sagarika Mishra, "Executive Compensation and Regulation Imposed Governance: Evidence from the California Nonprofit Integrity Act (2004)," The Accounting Review, Vol. 90, No. 2, 2015, pp 443-466
  • Saleha Khumawala, Dan Neely and Justin Marlowe, "Accounting Professionalism and Local Government GAAP Adoption: A National Study," Journal of Public Budgeting, Accounting and Financial Management, Vol 26, No.1 2014, pp. 292-312
  • Saleha B. Khumawala and Teresa Gordon, "Theories of Not-for-Profit Accounting: Comparison and Application of Current and Proposed Reporting Frameworks," Research in Governmental and Nonprofit Accounting, Vol. 12, 2009, pp. 249-375. This paper received the Outstanding Author Contribution Award. Winner of the Emerald Literati Network 2010 Awards for Excellence.
  • Saleha B. Khumawala, Teresa Gordon and Mary Fischer, "Tax-exempt Organizations and Nonarticulation: Estimates Are No Substitute for Disclosure of Cash Provided by Operations," Accounting Horizons, Vol. 22, No. 2, 2008, pp. 133-158
  • Saleha B. Khumawala, Teresa Gordon, Marla Kraut and Janet Meade, "The Quality and Reliability of Form 990 Data: Are Users Being Misled?", Academy of Accounting and Financial Studies Journal, Vol. 11, 2007, pp 27-49. This paper won the Distinguished Research Award from Allied Academies.
  • Saleha B. Khumawala, Teresa P. Gordon, and Linda Parsons, "Assessing the Quality of Not-for-Profit Efficiency Ratios: Do Donors use Joint Cost Allocation Disclosures?," Journal of Accounting, Auditing and Finance, Vol. 20, No. 3, 2005, pp. 287-309

Contact Info

MH 380E
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  • Government and Nonprofit Accounting
  • Brainstorming to Bankrolling: Beyond the Classroom
  • Principles of Microfinance
  • International Business: Experience in Emerging Market Economies


Ph.D. Accounting
University of North Carolina at Chapel Hill