Posts filed under 'MAcc'



Finals Week!

With the first session of autumn coming to an end this week, there’s only one more thing between the MAcc class and session two… FINALS! On top of this, we are at the time of recruiting season when firms are interviewing candidates and extending offers for office visits and second interviews. While these past few weeks have been especially challenging for these reasons, I can already see how rewarding my experience in the MAcc program is. The ability to work with other highly driven, success minded individuals requires the class to perform at their top of their game. The faculty, career services, and administrative staff have been tremendously helpful, whether explaining a particular aspect of an accounting transaction, or offering advice on how to best prepare for a potential career opportunity.

Thompson Library at The Ohio State University

I’d like to end this blog post with a quote I think is fitting for times such as this when I really need to focus on working hard to accomplish my goals:

“Far and away the best prize that life offers is the chance to work hard at work worth doing.” – Theodore Roosevelt

Now time to get back to studying!

If you’re interested in learning more about the Thomson Library, I suggest you check out the great post by Sabah Sufi (fellow MAcc blogger).


Pre-Nights and Recruiting Events

You hear all about the importance of how you conduct yourself at an interview and how to put together a perfect resume but one of the most important things you can do when going through the job interview process and in applying for jobs is to go to the recruiting events and pre-nights held by firms and companies. I made a point of attending every event that my companies of interest held and it really helped me get to know the recruiters and people from the company and most importantly I learned more about the company itself.  Firms that I had only a fleeting interest in became my top choices.

Attending recruiting events allows you to learn more about a company in a more relaxed environment.  Mixers, recruiting events and pre-nights are all very important for Fisher MAcc students and I would never discount any of them as “simply a dinner” or “just an event”.  Every dinner, party, recruiting event and career fair is an opportunity to learn more, get noticed/remembered and to find the company that is the right fit for you.

Another point of these events are so that the interviewers and recruiters and members of the company can get to know you better. Together you can begin to discover whether the company is a good fit for you. It can’t hurt to get that extra exposure and when it comes to interview decisions and job offers you will be remembered.

My favorite recruiting event was attending a baseball game with Plante Moran. They took a group of us to a Clippers game at the beginning of the semester so that we could get to know more about the firm and more about them.  I got to know the staff at Plante Moran and as an added bonus we had first row seats right along the first base line!


MAcc Applied Talk with Aaron Beam

We have our fourth MAcc Applied Talk today during the lunch hour. It talks about business ethics, and Aaron Beam is the speaker, a founder and the first CFO of HealthSouth. Beam was sent to prison in 2003 because of the accounting fraud he made. He told us his life story associated with the accounting fraud, including the how he started HealthSouth, how and why he started the fraud, and how he faced the fraud. The key point of his speech is that people should be taught about business ethics and receive ethics training. One day in your life, you may encounter the same situation as Beam did. How will you choose between financial profit and ethics? Will you compromise to the pressure of management or insist on  integrity? How would you make a decision at some certain point in the future?

I have these questions in my mind after the speech. I realize that it is easy to insist on integrity when you are not facing any problems. One may choose to commit fraud to release himself (herself) from high pressure of management or to meet expectation of his(her) colleagues.  It will work for a short-time period, and one may look successful during that time. However, when the fraud is discovered, one’s life will be totally changed. The money one has earned will be gone, even the part he or she has earned through hard working. Individual’s reputation will be ruined, and never recover as it was. Could you imagine all of these? No one is willing to face this one day. Therefore, we should pay attention to our ethics formation from today and add it to the subconscious mind.

MAcc Applied Talk is my favorite element of my weekly life now. I am looking forward to listening to next speech soon.


Voluntary Disclosure with Phillip Stocken, Ph.D.

One of the great opportunities available to students in the Fisher MAcc program is the MAcc Academic Speaker Series. The speakers for this program typically consist of professors, both from within Fisher and from other universities, and they speak about a variety of topics that are of interest to graduate business students.

As part of the MAcc Academic Speaker Series, Phillip Stocken, Ph.D., Associate Dean for the MBA Program at Dartmouth College, came to Fisher to speak about voluntary disclosure. The talk touched upon issues that are very relevant to accounting students since many of us are planning on pursuing careers in either audit, advisory or tax within public accounting firms. Stocken emphasized the importance of the role that auditors play in terms of the financial disclosures made by a firm. He reiterated to us the importance of being skeptical when there is insufficient proof or material discrepancies before making a determination on the reliability and accuracy of a company’s financial statements. He reminded us of the dangers of misrepresenting information and explained that whenever we choose to disclose information, since there is usually the option to withhold information, we must disclose accurate information. As mentioned by Stocken, “In the absence of information, capital markets fail.” This quote really resonated with me because it stresses the importance of voluntary disclosure within the realm of business.

Associate Dean for the MBA Program at Dartmouth College


Acing That Interview

Let’s be real. Part of the reason for going to graduate school is to land that dream job you always aspired to achieve. As I see all my peers around me in suits it reminds me of when I was in their shoes just a year ago today. I cannot say enough how much Fisher College of Business has prepared me for my future career in Chicago. Maybe I’m biased, but numerous outside sources have ranked Fisher’s Career Services as leaders in the country. Ever since I joined the business school at the end of my freshman year, Fisher has encouraged me tremendously to partake in the job search early and has prepared me as best as possible. I will never forget the QUIC (Qualified Undergraduate Interview Candidate) Program, a module-based seminar followed by a mock-interview, required by all in order to interview with future employers. Graduate students can elect to go through a similar mock-interview process in order to help them in their job search. Graduate students even have their own go-to person to assist them with their job search, and he holds walk-in hours at least once a week for any questions. As I have already been through the process twice, I have a little advice to newbies going through our program:

  • Take advantage of career services (cannot stress this enough!)

There are so many resources at your fingertips, just need to do a little digging on the website or schedule a meeting with a Career Services counselor!

  • Make a list

Before you even start the year, make a list of five characteristics you would like of your dream or ideal job (hours, location, responsibilities, team, salary, benefits, perks, really cool office, travel, etc.). What traits are you look for in it? Rank your preferences in order from MUST HAVE IN THE JOB to eh not a deal breaker and that should help you focus.

  • Go into the year with a plan

Make sure you know a little bit about your interests before starting the year. I am not saying you should know exactly what you would like to be doing but definitely have areas in mind (Do I like technical accounting? Do I want to travel? Do I want to work for a big company or small? What about hours? Location, location, location…).

  • Be open-minded and listen

I know everyone is concerned with nailing the “big interview with the big firm”, but culture-wise you may fit in at a smaller firm working in a completely different department than you ever imagined. Also, make sure you pay extra attention to the job description to know exactly what your responsibilities will be. As many of you are looking for full-time jobs, internships (what I like to call trial runs) aren’t likely to occur. Doing your research, listening to the interviewer, and not being afraid to ask meaningful questions, will allow you to have the best job prospects.

  • Use your peers!

Some students will have prior internships and can give you very helpful advice when going through the initial job search. Job fairs can be overwhelming so it is good to go in with a mindset of where you could (potentially) see yourself after graduate school. Talking to fellow students who had similar responsibilities will help narrow down all the prospective employers on your list so you can focus on what you really want!

Although overwhelming, the job search is such an exciting and unique time for you! Fisher is giving you the opportunity to build and extend your network and take advantage of every moment of it. It puts a smile on my face to know that so many of peers will be either working with me or at neighboring firms next year!

 

 


Fisher Fall Career Fair!

Securing a job can seem like a daunting task, especially when you have to keep up with your classes in the Fisher MAcc program. However, doing some research before attending a career fair or campus recruiting event can really help in terms of making sure that you are prepared to speak with potential employers and current employees from companies that you are targeting. Additionally, it’s very helpful to have an “elevator pitch” prepared that highlights your strengths and sets you apart from your peers.

One of the first career fairs I attended at Ohio State was the Fisher Fall Career Fair which took place in the beginning of September.  As a graduate student in The Fisher College of Business, I found this fair particularly beneficial because I was able to get a feel for many of the companies that are hiring Fisher graduates. The employers in attendance ranged from public accounting firms to insurance agencies and almost everything in between. From my prior research I had an idea of the types of careers I was most interested in and attending this career fair allowed me to gain additional perspective on the types of opportunities available within different companies. By attending this event I was able to learn more about some companies that were hiring accounting graduates that I hadn’t previously thought of as potential employers.

 

Some of the Companies at the Fisher Fall Career Fair

 

 


Non-Accounting Background, Not a Problem-It’s all about Diversity

To start off, I want to back track a little and introduce myself. I was so excited to tell you all about the sites in the area in my first few posts, that I left out this little detail. My name is Sabah, and I received by undergraduate degree right here at Fisher with specializations in Finance, Risk Management and Insurance. So I must admit, I was slightly nervous coming into a Master of Accounting program having taken only a few basic accounting classes. But as time has passed, I have realized that I may have to work a little harder, but the material is very interesting, the professors are incredibly helpful, and the student body is very welcoming and friendly, so it hasn’t felt like I am missing much. In fact, chatting with the Director of MAcc Admissions and Recruiting, Rob Chabot, I learned that the Fisher College of Business prides itself on having a diverse MAcc class.

But you don’t just have to take my word for it. Here is some input from a few of my fellow classmates:

Yanchao Ma

Undergraduate Major: French, International Economics and Trade

First few weeks in the MAcc program: I definitely felt a little intimidated at the beginning of the MAcc program, worrying that I may not have as much accounting experience or knowledge as other students. But as time goes by and I become more familiar with the material, I become more confident of myself. I have also learned a lot from my classmates.

Yanchao’s Advice: My advice is to take advantage of every opportunity to learn, not only from professors but also from fellow classmates and to maintain a positive mindset.

Tyler Turner

Undergraduate Major: Bachelor of Arts in Music

First few weeks in the MAcc program: The first few weeks have been very busy and having career fairs and interviews not even a month after the start of classes has been more than a little overwhelming. But the experience so far has been great; the classes are interesting and the professors are wonderful. A couple professors told me that coming from a non-accounting background wouldn’t be much of an issue, and as skeptical as I was, it turns out they were right. The Pre-MAcc program* (accounting boot camp), as awful as it seemed at the time, was great preparation for the MAcc program.

*A fellow blogger, Victoria, wrote a great post a few weeks ago on the Pre-MAcc program. Read it here!*

Tyler’s Advice: The best advice I can give to students with similar situations is to use the resources that are available. And the best of those resources are the people. Get to know your professors, faculty and fellow classmates. Everybody involved with the MAcc program and Fisher want you to succeed and all of them are ready to help you in any way possible.

Mayuran Chandrakanthan

Undergraduate Major: Biology with a certificate in Entrepreneurship

First few weeks in the MAcc program: My first few weeks in the MAcc program have been extremely busy. I have had to spend some extra time learning the material because my background in accounting isn’t at the same level as some other people. I have enjoyed my first few weeks but I still think I think about accounting differently than many students. Many students accounting comes naturally but for me, I sometimes forget I’m an accounting student and try to solve problems using a different approach. Overall though, I feel as though my hard work will payoff in the long run.

Mayuran’s Advice: As long as you put your mind into being able to accomplish something you will be successful. Make a lot of friends, ask questions and get involved. If you want to be successful you will be successful.

Hope this information eases a few minds!

A big thank you to these MAcc students for taking the time to share their insights! Until next time, O-H…I-O!


The Big Decision: Tax or Accounting

Most accounting students know the two major areas of public accounting: Audit and tax. They probably also know the stereotypes associated with those jobs. Generally, audit involves traveling, a lot of client interaction and being on site. Tax, on the other hand, involves corporate tax preparation, researching tax law in the audit firm and tax planning. However, there are tax people who travel widely, shy audit associates and everything in between.

MAcc students in our business casual best

So why is it important to consider the “Tax or Audit?” question? Recruiters want to know your answer, and you meet then almost as soon as you step on campus. In addition to an informational panel with recruiters during the MAcc Career Foundation Seminar, there were two mixers before the first day of class. These events are great opportunities to ask questions about what it is like in each field. It can be hard to consider whether you want to do audit or tax at the same time you are starting the MAcc program if you do not have professional experience. Start thinking about it now. Do you click on news about recent tax changes, or get immensely bored trying to figure out if your student loan qualifies for a tax credit? Do you find “The Smartest Guys In The Room” fascinating, or could you care less about GAAS? Don’t choose a career path because you think your personality “fits” into one category or another. If you want the best of both worlds there are several smaller firms that require cross training for all entry level accountants. You can also apply for both tax and audit jobs at different firms, just not both within the same firm. Each career path can be challenging in different ways, both can offer great opportunities if you do your job well, and both can be rewarding. Most importantly, try not to over think it. Pick the area you find more interesting and go with it.


Art Museum Adventure

Hi All,

As the middle of the first term of Autumn Semester draws near, recruiting, midterm studying, and loads of group work have been taking most of our time. Today a few of us MAcc students decided to take a mini-break from work and head downtown to visit the Columbus Museum of Art and we thought you might like to join us on our trip!

Our adventure started by heading to the Student Union to pick up some free tickets. As a student at Ohio State you will have the opportunity to receive several discount tickets (abbreviated d-tix) for local attractions, theater shows, concerts, sporting events and much more (Tip-be sure to go pick-up tickets early in the week as unfortunately the union was all out of discount tickets on Saturday). But the silver lining was that we were still able to use our student ID’s to purchase discounted tickets at the museum for only $8. Another perk is that the museum offers free parking! And if you happen to visit on a Sunday, don’t even worry about picking up a d-tix because Sundays are free admission days.

After purchasing tickets, our real journey began as we entered the museum and walked through several rooms full of masterpieces. In fact, even the inside of the building looked like a piece of art. As we browsed the collections, we had the opportunity to tune into our creative sides by participating in a few hands on activities.

Puzzle piecing a painting

Trying our hand at drawing. What better subject than the Ohio State signature ‘O.

 

 

 

 

 

 

 

 

 

 

 

 

 

After about an hour we were unexpectedly surprised by an event that for us girls, became one of the highlights of the trip: A wedding right in the middle of the museum! The five of us couldn’t help but sneak a peek at the bride after her bridesmaids walked down the aisle to none other than, “Beauty and the Beast,” the theme song from the classic Disney movie.

As our exploration came to a close we decided to stop for a group picture at the entrance of the museum before heading back to hit the books.

Hope you enjoyed taking this little trip with us! Until next time…

Wish us luck on our Monday midterm!


OUAB in the Kitchen – Graduate/Professional Student Activities

OUAB in the kitchen – BBQ

Ohio State University has many entertaining offerings beyond the Fisher campus even for the serious, and seriously busy, graduate student. One can easily become absorbed in their own program and in the rigor of recruiting and academic work or research. It is acceptable and encouraged to engage in activities on and off campus. OUAB, The Ohio Union Activities Board, arranges events specifically for graduate and professional students. These events are timed appropriately for our programs and vary in area of interest and even location. OUAB has events ranging from Kickboxing to Happy Hour. Many events are exclusive to graduate/professional students. I chose my first OUAB event as the OUAB in the Kitchen – BBQ. OUAB has arranged a series of interactive cooking classes, in a variety of topics and cuisines, which allow the busy grad student to take a break, get to know people outside of their discipline, and to just participate in a fun campus activity.

Held in the lower level of the Ohio Union on campus the OUAB in the kitchen classes are taught by a well trained staff. Not the best at–home –chef? Not a big deal, the class is very fool proof. Ingredients are measured out for you and a combination of live demonstration along with personal help from the head and sous chefs and good old fashioned team work will keep you from ruining your meal. You get to eat what you cook and take home leftovers so this is a particularly delicious event to participate in, choose wisely though! In general, you are limited to 3 OUAB Kitchen classes per semester.  I chose to go to the BBQ class where we made BBQ chicken, jalapeno corn muffins, baked beans and banana cream pie.

My group consisted of graduate students from all disciplines and we had great time. My partner and I were in charge of making the banana cream pie and if I may say so, it was delicious!

 

Chef Marc was great. He helped us out, gave great tips, and made sure we did not ruin our dinner.  The room was full of lively conversation throughout the whole class and everyone was enjoying themselves. At the end of the class tables were pushed together and arranged with real china and silverware for a family style meal to enjoy the food that we had all cooked.

I would definitely encourage anyone to try and sign up for an OUAB in the kitchen event! You are even allowed to bring a non-student or non-graduate student guest as long as you register them along with yourself. In addition to guests there are some classes which are open to families and are kid-friendly. The popularity of these classes has led to an increase in topics, class times and overall number of events. Snatch up a spot while you can before the class fills up!

Click HERE to see a list of Graduate and Professional OUAB events for Fall 2013.


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