Posts filed under 'MAcc'

Scheduling Woes and Wins

Scheduling can either be a walk in the park or it can be a stressful experience. Unfortunately, no matter how much you prepare and plan for your next semester’s schedule, something is likely to go awry. Whether this is missing out on a class or getting wait-listed there are always some issues regarding your new schedule. Because of this likelihood, I am glad that I will never have to schedule classes again! While there are issues with every schedule, there aren’t any bad classes to take within the MAcc program so that can serve as some comfort.

Scheduling classes in the MAcc can be especially interesting because of all the elective options. With all of the different courses you can definitely find something that is unique and will grab your attention for the term or the entire semester. I think some of the best advice for scheduling classes is to try and talk to the students who have already taken the classes. Before I started the program I talked to some current students and got the lowdown on what classes to take. This turned out to be valuable information and I will make sure to write a future post about some of my favorite classes to ensure that future MAcc generations receive the same knowledge I did!

Another piece of advice around scheduling is to talk with the professors. They will be able to provide greater insight into the main goal of their course and the workload associated with it. I have learned that the accounting faculty are always willing to discuss their courses and what you may learn from the material. This will help when it comes down to narrowing your elective choices.

Finally, I would say the last piece of advice I have regarding scheduling courses is to go outside your comfort zone! There are so many wonderful courses here and just because you may not have a ton of background or prior knowledge about a subject matter, that doesn’t mean you shouldn’t take the course. You can find unique courses both within the accounting electives and outside of accounting through the MBA, Finance, and Human Resources programs.

If you prepare ahead of time and plan out your year, scheduling becomes a whole lot easier and much more fun!

 

 

 


Daymond John Comes to OSU

One perk of being part of Ohio State is being able to take advantage of all the events the Ohio Union Activities Board (OUAB) puts on.  Last month they welcomed Daymond John to the Union.  For those of you who don’t know, Daymond John is one of the judges on ABC’s Shark Tank, as well as founder, president, and CEO of FUBU.  They set up his presentation into two separate sections.  First, they allowed four individuals/groups to present a pitch for their product to the “sharks”.  The “sharks” consisted of three professors and John.  All of the product pitches were very interesting and John provided great constructive feedback to the students.

After the pitches were over they started a moderated Q&A.  John shared with the audience his story of starting his own business to his experiences on Shark Tank.  John was able to provide a lot of solid advice for future entrepreneurs and businessmen and women.  One major piece of advice he gave was to learn how to be financially responsible. It doesn’t matter whether you learn this “on the job” or through formal education, just as long as you become financially educated.  He stressed too many times startups fail due to poor financial decisions or poor financial structuring.  He also talked a lot about his perseverance and how it is important to set goals and attain those goals.  His strategy was to set long-term goals and short-term goals to gradually achieve the long-term goal.  Through his perseverance and his dedication to completing his goals he became a successful entrepreneur and investor.


Trivia Night!

One of my favorite things that I do weekly is Trivia Night with some MAcc friends at a local bar called The Grandview Cafe. The place is packed (usually 20+ teams) with grad students and young professionals every Thursday night for a competitive and challenging round of trivia. Some friends and I started going early in the semester and have gotten hooked. We’ve finished in second and third in the past, but we’re still striving for gold!

Prof. Zach heard about our Trivia Night tradition and decided that he wanted to join in on the fun. He’s gone with us the last two weeks and definitely carries his weight, particularly with his knowledge of sports and world geography. One of the great things about the MAcc program is that our faculty and staff are down-to-earth and genuinely interested in what we are doing. Whenever I see Prof. Arya, our program director, he likes to check in to see how our trivia team is doing. There is such a fun, relaxed learning environment here with a great work hard, play hard mentality. Trivia Night is just one example of the many things that MAcc students are up to outside of the classroom!

Prof. Zach joins us for Trivia Night!

Prof. Zach joins us for Trivia Night!

Check out Columbus Trivia Challenge if you want to play – they host trivia Sundays through Thursdays at different locations throughout Columbus!


Guess Who Came to Speak at Fisher?

So, I’m not name dropping or anything…

BUT….

Jamie Dimon came to The Ohio State University.

This is Jamie Dimon talking to the OSU football team

This is Jamie Dimon talking to the OSU football team

 

Due to the stature of Jamie Dimon, this event could not be released before his visit. Jamie Dimon came to address our SMF Corporate Finance 3 class taught by Karen Wruck. (Other students were allowed to attend if seats were available.) It was very interesting to listen to all that Mr. Dimon had to say. He reads about 5 different newspapers every morning and is constantly reading everything else and just soaking in knowledge. He spoke to not only working hard, but working smart. He also noted that he likes to talk to an expert in whatever he is interested in learning more about, because listening to him/her for 10 minutes is worth more than hours of reading.

Fisher tends to bring in quite a few of amazing speakers, such as the CEO of L Brands, Les Wexner, and the CEO of Cardinal Health, George Barrett. Last year students even flew to meet with Warren Buffet. Who wouldn’t want to play guess who and see who will be here when you come next year?!


Volunteer Income Tax Assistance Program!

Every year a group of MAcc students participate in the Volunteer Income Tax Assistance Program (VITA). This program helps lower and middle income residents of Columbus correctly file their income taxes. The program is available on Fridays (5-8) and Saturdays (10-2:30) throughout January and February. I know this doesn’t sound like the most interesting or fun thing to do on your weekends but it actually is a very rewarding experience and we manage to have some fun!

I first volunteered when I was a sophomore at Ohio State through Beta Alpha Psi and now this year I am a Site Manager. Most volunteers work in pairs and one person prepares and then the other reviews it. This is what I initially did when I first volunteered and it is a great way to learn more about personal income taxes and learn a new software program (we use software from the IRS to prepare and file). Now, as a Site Manager, I am there to answer any questions that the students preparing and reviewing may have. This ranges from questions about tax issues, form abnormalities, or just general issues with the software. I have definitely become more confident in reviewing and answering questions after completing my first two VITA shifts, hopefully they continue to go well! If you are interested in learning more about the program, you can check it out here!

VITA

All the Volunteers from the first shift!


‘The Bad Assets’ Dance For The Kids!

This past weekend myself and six other MAcc students participated in BuckeyeThon.  BuckeyeThon is the largest student-run philanthropy at Ohio State with an ultimate goal of ending childhood cancer.  BuckeyeThon raises money to support the kids treated at Nationwide Children’s Hospital in Columbus.  More than 5,100 students registered for the 24 hour dance marathon with the ultimate goal of raising $1,000,000.  Hearing about the event last semester we formed a MAcc team, “The Bad Assets”, and raised money all For The Kids (FTK).  BuckeyeThon is set up in 2 shifts of 12 hours each.  During your shift you are supposed to stand for all 12 hours, showing that together, as a university, we stand with the kids through their fight.  Our shift was from 11:00am to 11:00pm.  Every team was assigned a color team and The Bad Assets were part of the Pink Team, so that is why all the pictures we are wearing pink.

Before it started every color team met in an assigned room and they brought in one of the Miracle Kids and their family.  This was a great chance to meet the people we were trying so hard to benefit.  After that the official start was with the opening ceremonies which included multiple speakers ranging from the President of BuckeyeThon to the Vice President of Student Life.  One of the speakers was a mother of one of the Miracle Kids.  She told us about how her daughter was diagnosed and the struggle the family went through.  Listening to her speak really put into perspective the impact we were making.

Throughout the day they had different things we could do to keep us on our feet.  There obviously was plenty of dancing throughout the day.  They also set up a lot of games.  We played Gaga Ball for a couple hours which if you don’t know what it is look it up, its incredibly fun.  They had a tug of war competition between the different color teams (we got 2nd), and also had rooms where you could play board games or video games.  Overall there was plenty of activities going on to help keep us busy and not think about sitting down.

As it got close to 11:00pm we gathered back to watch the closing ceremony and the big reveal of how much money was raised and if we reached our goal of $1 million.  The closing ceremony had more speakers including a 14-year old Miracle Kid and three current Ohio State students who have personally been affected by cancer.  The final reveal showed that we raised a total of $1.23 million all FTK.  Overall it was a great experience and I would highly recommend participating to any students that get the chance.

bt2


What is Accounting Research?

As part of the Master of Accounting (MAcc) program at Ohio State, there are four required courses. One of these courses is called Accounting Policy and Research, and it is taught by Prof. Tzachi Zach. When I first heard the name of this course, I wasn’t too surprised that our Master’s program requires that students take a research class. However, I didn’t really know what to expect. What is accounting research anyway?

Prof. Zach started off the class by explaining to us the four primary topics of accounting research: financial accounting, managerial accounting, tax, and audit. Within each of these areas of interest, academic researchers use different tools to explore their research questions, such as accounting theories, surveys, and market data. In Prof. Zach’s class, we read and discuss accounting research papers about various market phenomena and corporate management behavior.

Right now, everyone in the MAcc program is working on Prof. Zach’s group project that’s due the last week of classes. We are tasked to conduct an event study in order to see how stock prices react to a particular trigger in the business world or in our everyday lives.

For example, my team is looking to see if stock prices of S&P 500 companies that are headquartered near NFL stadiums increase after the nearby team wins the Super Bowl. We’re looking at all of the past 49 Super Bowl games, so there’s a lot of data to collect!

Do the results of Super Bowl games affect the stock market?

Do the results of Super Bowl games affect the stock market?

We’re really curious to see if there is any difference in stock prices between the companies we’re looking at and stock markets indexes in the two days following each game. I’m looking forward to hearing all of the class presentations to see what events other groups studied. Hopefully that gives a bit of insight into what accounting research is all about!


Q&A with MAcc Students- Part 2

Here’s Part 2 of my Q&A with MAcc students! Click here for Part 1 :).

Scott Singer ’15

scott

Where are you from?
Cleveland, Ohio

Where did you go to undergrad? What was your major and when did you graduate?
I received a BBA in Strategic Management in 2011 and BS in Sports Management in 2012 from Ohio University. I finished my JD at Cleveland State University in 2014.

Why did you decide to get a graduate degree in accounting?
I wanted to develop another hard skill that would compliment what I already have.

Why did you choose Fisher MAcc?
I liked how this is a highly regarded program and provides an opportunity to personalize my education.

What are your post-graduation summer plans?
I plan on taking the CPA Exam and going on a West Coast trip over the summer.

Do you have an interesting fact, interest, etc. that you’d like to share?
I’m an avid gamer and superhero movie lover, and I should be a
licensed NFL/NBA player agent by the end of next year.

 

Kathryn Proper ’15

kathryn

Where are you from?
Erie, Pennsylvania

Where did you go to undergrad? What was your major and when did you graduate?
I studied accounting at Penn State Erie – the Behrend College and graduated in 2009.

Why did you decide to get a graduate degree in accounting?
I was working in industry for a small manufacturer in Erie and knew what I really wanted to do was public accounting.  I also knew I wanted a Master’s degree, so going back to school for a MAcc was the perfect transition to achieve both goals and feel better prepared for the CPA Exam.  I had previously interned for a CPA firm in Erie during tax season
and knew that was exactly what I wished to return to doing.

Why did you choose Fisher MAcc?
I applied to a few other programs, but fell in love with Fisher and the program during my campus visit.  I felt it would be the best fit for me and as a bonus was a strong, nationally ranked program.  The people I met were fantastic and really sealed the deal for me to accept my offer from Ohio State.

What are your post-graduation summer plans?
I intend to sit for the CPA Exam this summer and will begin working as a Tax Associate with
McGladrey LLP in the fall at their Cleveland, Ohio office.

Do you have an interesting fact, interest, etc. that you’d like to share?
In my free time, I love feeding people!  I enjoy cooking and learning to prepare new cuisines (I am currently working on improving my Asian cooking skills) but even more so I love to bake.  I make and decorate cakes on occasion, but my favorite thing to bake is cookies!


Get Flexible!

One of the best things about the MAcc program is the flexibility students have when completing the program requirements.  The program only has four core courses all students must take, accounting for 10 of the 31 required credit hours.  Outside of these required core courses, students have the ability to take MAcc, Finance, Human Resources, and MBA courses.  While students don’t specify a “concentration” or “specialization”, students can gear their class schedules to topics of interest.  Another way the program is flexible is by breaking semesters into two terms.  This makes classes only 7 weeks and allows students to take more courses over a variety of different disciplines.  Here are a couple elective courses I am currently in, and some I am looking forward to taking next term:

Fraudulent Financial Reporting – This course focuses on developing techniques for detecting fraudulent reporting in financial statements and accounts.  The course is case-based, and we focus on detection techniques, which in turn shows us how the fraud was perpetrated.  Every class is very interesting and it forces you to think outside the box and get creative when trying to detect fraud.  I can imagine this course coming in handy when I least expect it as I continue with my professional career.

Negotiations –  Obviously we are all familiar with negotiating, even if we have very little professional experience.  This course provides us with the theory and processes of negotiating as it occurs in different situations.  The course is structured around practice negotiations to help students gain a little bit of experience and confidence when they start to negotiate professionally.  Whether it is negotiating a job offer or negotiating a contract between a buyer and seller, I would strongly recommend this course.

Developing High Performance Teams – I am really looking forward to taking this course.  Working in groups and teams are becoming more and more commonplace in the business world.  While I won’t start off my career managing a team, I imagine in the future I will be in a position where this course will provide me with knowledge to lead and work effectively in a variety of different team settings.

Fraudulent Examination: Asset Misappropriation - Clearly you can tell fraud interests me.  While the first fraud course focuses on financial reporting which is more often perpetrated by management, this course focuses on asset misappropriation which is more often perpetrated by employees.  This course will emphasize motives and factors that play into employees committing fraud, as well as prevention and detection methods.


Switching Roles – Career Fair Style

For the past couple of years, I have always attended the career fair looking for positions and opportunities. Lately, my role has switched. After accepting a full time role with EY, I now attend career fairs and events as a Student Ambassador. This role requires me to talk with students and answer any questions they may have about an accounting career or about completing an internship.

I most recently attended a Mock Career Fair where I was the one interacting and speaking with students. Attending a career fair from the employer’s perspective is a completely different scenario. Instead of being nervous and anxious about talking with a prospective employer, you know you have to prepare yourself to evaluate students and prepare yourself to answer any questions they may have.

I imagine for most EY employees, attending a career fair or an event is no big deal. For me, I was still a little nervous and anxious as if I was actually attending a career fair looking for a job. I was nervous because I had never had this responsibility before. Collecting resumes, evaluating potential, answering questions — this seemed like a lot to handle! I was really nervous for no reason — talking to prospective students is actually a lot of fun and it is really interesting to talk to students who are genuinely excited about their future career in accounting.

After experiencing career fairs from both sides, I have a couple pieces of advice to give regarding attending career fairs and interacting with employers:

1) Know where you want to go – when you arrive at the career fair, it can be quite intimidating. Huge ballrooms filled with companies waiting for you to talk to them. It’s best to have a few companies in mind who you really want to talk to, that allows you to target a specific table or area.

2) Have a practice round – my advice is to not make your “number-one choice” the first company whose table you visit. Instead, pick another company as a warm up. This will allow you to get some nerves out and not risk messing up your chances with a company you really like.

3) Pay attention – make sure you keep up with conversation and remember what the representative’s background is. If they are in tax – don’t start asking them about audit. In this case, keep your questions more general and save the specifics for someone who can answer them better.

4) Know when to move on – career fairs are crazy busy, especially for top companies. If you have been talking to someone for awhile, make sure to leave in a timely manner. There are many other students in line and you don’t want to be known as someone who kept lingering and wasting time.

5) Follow up – if you really enjoyed the company, make sure to get contact information! This way you can email your thanks and keep up to date with opportunities when they become available.

Hopefully these help in the future job hunt! Whether you are talking to many employers or representing one company, career fairs can be very useful and interesting to attend!

 


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