Posts filed under 'MAcc'

Who Knew 8:00 AM Class Could Be Amazing?!

This semester I am taking “The Business of College Sport” as one of my electives. From the title of the class alone, it is obvious that this class has little to nothing to do with accounting, yet it has quickly become my favorite class. Not only did numerous former students who have taken this class PERSISTENTLY tell me that it was their favorite class they had ever taken, but it is also taught by The Ohio State athletic director, Gene Smith, and his wife Sheila Smith.

The first month of this class has been super exciting considering each class we have had a guest speaker come in and talk about a variety of topics related to the Ohio State Athletic Program such as finances, governance, trademarks, and ticketing for games.


The Football Locker Room

Our most recent class was EASILY the coolest class we have had so far (if you can even call it class) because we got a personal tour of the Woody Hayes Athletic Center. This is the facility that contains the indoor practice facility where numerous Ohio State Varsity Athletic teams practice, including the football team, and also holds the training rooms, workout equipment and locker room used by the Ohio State football team.

The tour started in the lobby of the facility that had been newly renovated and held the plethora of trophies accumulated by the football team over the years. We then walked through the impressive halls of the building that contained extensive lists and pictures of All Americans, the helmets of every NFL team an Ohio State football player has played for (a very full wall), displays of previous team uniforms and shoes, and countless other decor lining the hallways.


Outdoor View of the Woody Hayes Athletic Center


The Football Workout Facility


We then went through Urban Meyers HUGE office that led out to the indoor turf practice facility where the men’s lacrosse team was currently holding an early-morning practice. From there, we walked through the football team’s luxurious locker room. The locker room was huge and even contained a waterfall on one of the walls. The locker room led to the training room with a full staff already at work. Finally, the training room led to the massive workout area solely dedicated to the football team. This area was lined with benches, machines, free weights, and stat charts that showed things such as a player’s attitude and effort were hung on the walls.


A wall in the hallway of the WHAC

I am not a morning person by any means, but even as my alarm rings at 6:30 A.M. every Tuesday and Thursday, I am wide awake anticipating attending The Business of College Sport and seeing what fantastic guest speaker will be in class that day and hearing what intelligent/informative/hilarious insight Gene Smith has to openly share with the class.

Ohio State Football

Even though this is now my Fourth year as an Ohio State Student, football Saturdays in Columbus are still just as exciting as they were when I had first arrived on campus my freshman year. How could you not have a good time when The Shoe is packed with 100,000+ fellow buckeye fans!?!

This past Saturday, the #1 ranked Buckeyes played host to the Western Michigan Broncos. It was the Buckeyes final chance to get to all of the early-season kinks out prior to starting conference play.


FootballView from the the Student Section in the South Stands of The Shoe!


The highlight of the game came on an interception by senior defensive lineman Adolphus Washington which was returned for a touchdown as Ohio State cruised to a convincing 38-12 victory.

Another special part about attending football games as a student at The Ohio State University is the tradition of singing Ohio State’s Alma Mater, Carmen Ohio. At the end of a game, the entire football team stands in front of the student section to sing with their fellow classmates! If you come to The Ohio State University as a Graduate Student, attending at least one football game should be at the top of your list!

Carmen 1View from the Student Section of Carmen Ohio!

Pre-MAcc and Orientation

As someone with almost no background in accounting (or economics…or business…), I was a little apprehensive about jumping into a Masters of Accounting program. I graduated from law school back in 2012, so I had experience with graduate level work, but I hadn’t taken a math class since high school. No worries, I was told, Fisher has a program for those who are new to accounting – the Pre-MAcc, which packs Intermediate Accounting I & II into a 2.5 week accounting bootcamp.

There’s no way to sugarcoat it: the Pre-MAcc is intense. Packing that much accounting into that short of a timeframe is definitely a grind, but it’s also a great opportunity to get to know some of the other students before the full contingent arrives. Seeing familiar faces on the first day of MAcc Orientation was definitely a plus, and professors Stephanie Lewis and Marc Smith are both excellent teachers who somehow managed to keep six-days-a-week, nine-to-five accounting classes engaging and interesting throughout the program.

As soon as the Pre-MAcc ended, we jumped into orientation with the other MAcc students. Along with the typical introductions from faculty and mixers to meet the other students, we all participated in a group trip to Summit Vision for team-building exercises and zip-lining – a laid back way to get to know some of our fellow MAcc students, and a welcome break from the Pre-MAcc workload before classes got started!


New Year, New School, New City

August 25th, 2015 a.k.a the first day of class here at Ohio State. The day I had been awaiting for quite some time. After months of researching programs, filling out applications, visiting campuses, and constantly weighing out the pros and cons of where to attend graduate school, I had finally made my decision to be a Buckeye.

brutusI grew up in Naperville, IL, a suburb of Chicago with almost 150,000 people. My high school had over 3,000 people, so needless to say I was used to living in a bigger city with lots of people around. I then made the decision to attend Wittenberg University in Springfield, OH for my undergraduate degrees in accounting and finance. Springfield has only about 60,000 people and Wittenberg has an enrollment of just under 2,000 students. Clearly, this was quite a significant change in surroundings for me, but it turned out to be some of the best 4 years of my life.

Majoring in accounting, I knew early on that I would be attending graduate school to obtain my 150 hours to sit for the CPA exam. Quickly the time came where I actually had to start deciding where to attend. After some research and talking to previous alumni, I knew the MAcc program at Fisher was a strong contender, and after visiting the campus, it became even more clear that Ohio State would be an absolutely fantastic choice.

I finally clicked “accept” on my admissions offer to attend Ohio State 7 months ago, moved to Columbus 3 months ago for a summer internship, and now here I am sitting in beautiful Gerlach Hall in the Fisher College of Business. The start of this program happened so quickly and 2 weeks of classes have already gone by at the blink of an eye. Knowing this program will be over before I know it, my goal is to meet as many professors and students as I can as well as explore the countless opportunities here at Ohio State and Columbus in general. This year, I will be writing about many of these topics as I continue to meet all the thousands of wonderful people here and experience some of the seemingly infinite opportunities in this city and school that are completely new to me.

fisher college of business

Overhead view of the Fisher College of Business

A Virtual Tour of Gerlach Hall

In this blog post I will show you what the day-time home of a Fisher Graduate Student looks like! Masters of Accounting, Finance, Human Resource Management, and Business Administration alike all share Gerlach Hall. So come along as show you some of the most popular places in Gerlach Hall according to Fisher Graduate Students.

 Gerlach Hall 3View from the Fisher Courtyard of the front of Gerlach Hall

Gerlach Lounge 12nd Floor Graduate Student Lounge

The Graduate Student Lounge is the popular place for group meetings, eating lunch, or taking a break in between classes. It is also conveniently located just a floor below a majority of classes!

Gerlach Hall ClassroomClassroom in Gerlach Hall

A majority of the classrooms in Gerlach Hall are set up in a similar style–concentric semi-circles surrounding a speaking area. This design is great for stimulating classroom communications as well as interactive lectures.

Gerlach Hall Comp LabGraduate Student Computer Lab

This computer lab, which is only open to Graduate Students, is located on the Second floor of Gerlach Hall and is open 24/7. Every graduate student is given a login and password and a print allotment for all of their classroom material needs.

It is also important to point out that Fisher Graduate students get out of the business school to explore all of the other great aspects of Ohio State’s campus outside of The Fisher College of Business! Stay tuned for a note on the most exciting experiences an OSU student can have when The Ohio State Buckeyes football team takes on The University of Hawaii at home on September 12th!

Class of 2016-MAcc Reception/ Mix & Mingle

One thing that I found really fantastic during the career orientation of the MAcc program was the Mix & Mingle MAcc reception held in Ohio Stadium. As a traditional part of the orientation, Mix & Mingle provides students in the MAcc program to meet alumni as well as employees. And this year, alumni and employees that attended this event even outnumbered our MAcc students. That’s really awesome!

Mr. Singer, career adviser of MAcc program, gave a brief opening speech and welcomed everyone. Then, Mr. Chabot, Director of Admissions and Recruiting, directed the prize lottery to kick off the whole event. Many of my classmates got really wonderful gift prizes sponsored by companies, gifts including Buckeye T-shirts and gift cards. I was really lucky to win a gift card as well. Chatting with alumni about their career story and listening to their opinions about Tax and audit are really helpful for me to learn more about careers in accounting. It’s really a good warm-up for the incoming career fair! Well, networking, networking, and networking! I bet you will hear this word for so many times during career orientation. The importance of networking is so important that you just cannot ignore it. So, as an international student, I really have to step out of my comfort zone and to be brave!


The most exciting part of Mix & Mingle is our visit to the Ohio stadium. It’s my first time to get into the stadium. I guess this may be the only chance I have to actually feel the grass. It’s amazing to stand in the middle of the field on which our heroes won the championship last year. Just proud to be a Buckeye!


Channel Stuffing aka the MAcc Soccer Team

One great thing about Ohio State is the wide variety of activities to participate in during the school year! One popular choice this term was intramural soccer. The MAcc team, Channel Stuffing, competes every Monday night against other groups of students. While I (unfortunately) am not able to bless the team with my (non-existent) soccer talent, I was able to go cheer them on! The team they played had another MAcc student on it, I guess this is okay even though I consider it borderline treason to be on any team besides the official MAcc team. Below are some pictures from the game!


Action on the field



Intensity during the game

The Fans!

The Fans!


Channel Stuffing!!

Unfortunately, Channel Stuffing did not prevail but because they have already won a game they are guaranteed a spot in the playoffs. It was a lot of fun to go see everyone play! If you are interested in learning more about intramural sports at Ohio State, click here! There are so many options it is hard to choose!


Tackling the CPA Exam

We only have about a month left in the MAcc program, and so many of my peers are studying for the CPA Exam. Some students have even started taking sections of the exam. We get a lot of questions about the CPA Exam in our admissions inbox, so here are some Q&As that will hopefully clear up some things:

1.  What’s on the CPA Exam?
The CPA Exam is a computer-based test that has four sections:

  • Auditing and Attestation (AUD): 4 hours (90 questions & seven task-based simulations)
  • Business Environment and Concepts (BEC): 3 hours (72 questions and three written communication tasks)
  • Financial Accounting and Reporting (FAR): 4 hours (90 questions and seven task-based simulations)
  • Regulation (REG): 3 hours (72 questions and six tasked-based simulations)

You can take the sections in any order you choose, and you must complete all four sections within 18 months.

2.  Am I eligible to sit for the CPA Exam?
It depends! The requirements vary by state, so I will use Ohio as an example. Please look up the state you intend to practice in on NASBA’s website to find that state’s specific requirements. For Ohio, you must:

  • be at least 18 years old
  • have completed 150 semester hours of college education and meet one of four educational requirements. (For more information, click here)

After completing the MAcc program, you are eligible to sit in Ohio.

3.  Does the MAcc program help prepare you for the CPA Exam?
While the MAcc program does not teach towards the CPA Exam, a lot of the topics covered in MAcc classes are on the exam.

4.  How much does the CPA Exam cost?
The application fee and examination fees for all four sections total $869.08 for first-time applicants. You can apply for one or more sections at a time, and you are advised to only apply for a section if you are ready to take it within the next six months. If you need to retake any section, there are additional fees.The other cost of taking the CPA Exam is the cost of a preparatory course, but a lot employers, especially public accounting firms, will help subsidize the cost of a CPA review course. Some also cover the fees to take the four sections the first time.

5.  When do most MAcc students take the CPA Exam?
With the credits that they have earned thus far, some of my peers are already eligible to take the CPA Exam. On the other hand, some students, including myself, have to wait until the end of the program before they can start taking sections of the Exam. Most of my peers who will be working for public accounting firms have start dates in the late summer or early autumn. Therefore, many intend on taking all four sections of the exam (or as many as they can) during the summer.

To learn more about the accounting profession and the CPA Exam, check out this website by the AICPA. Oh, and remember:


Asset Misappropriation

Last term I took a class that focused on fraudulent financial reporting.  This course focused on methods to detect whether the financial statements can be analyzed in ways to determine if fraud is being perpetrated by the company.  This would normally involve managers or executives.  This term I am in another fraud class, asset misappropriation.  This course focuses on ways employees one way or another steal assets from the company.  This type of fraud tends to be more common amongst companies but usually results in a smaller amount of loss as compared to fraudulent financial reporting.

In the course we have been learning about different ways employees steal from their company.  Usually it involves employees with trusted responsibilities over some type of asset.  This can range from an employee taking cash out of the register to more elaborate payroll or billing schemes.  While there are way too many different methods for us to cover in 7 weeks, we hit the major and most common approaches used by fraudsters.  As part of the class we also talk about how to prevent or detect these frauds.  This is clearly a very useful skill to acquire when going into a career as an accountant.

I have really enjoyed this class so far.  It is interesting to discuss how creative some of these fraudsters get when perpetrating the crime.  Classes involve a mix of discussion about schemes, cases, and videos featuring real world examples.  I am looking forward to learn about other kinds of fraud schemes as the course continues.

Dat CPA Life

It is almost given that all MAcc students will be ~*aTteMPTing*~ to pass their CPA at some point in the upcoming year. While taking the exam is a given, the real decision is when you want to begin studying.

Depending on what state you want to sit in, you may or may not have the requirements to sit before you graduate. Most students who have the hours to sit are trying to get at least a couple done during the school year. Some eager beavers are even sitting in other states to begin taking the exam even if the state they will be practicing in doesn’t let them sit yet.

Unfortunately, I am one of the students who has begun studying for the CPA. I figured it would be better to start now and have more time this summer before I actually start working. Balancing the normal amount of school work with the additional amount of studying for the CPA can be difficult, but it is definitely manageable.

One thing I would recommend if you are planning to sit is to start in the spring term. I loaded up on coursework in the autumn and specifically enrolled in fewer courses in the spring in order to balance my CPA studying. If you have an offer from a Big 4 firm, you will more than likely be using Becker to study, but there are plenty of other options if you have a different offer or if you are looking for a more financially friendly way to study.

I would say the biggest hurdle to CPA studying is actually ordering your books and starting to study. It’s a big step to order the books, but an even bigger step to actually crack them open and begin to study. The MAcc program is not tailored to CPA studying but I know the information I have learned in the MAcc will help me a lot on the CPA, especially with Reg and FAR, with many topics being introduced and explained in the classroom. I am also happy I have begun to study while I am in school because I am already in the studying mindset! If I started this summer I would be used to break and would not be as motivated to get studying started and completed.

Overall, the CPA is manageable but it takes some dedication to consistently study and prep!

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