A Classmate’s Top Three Recommendations for You

Recently, fellow MAcc student, Rachel Cox, interviewed me for my thoughts on the MAcc experience. Now, it’s her turn to be “in the hot seat”! Hopefully, she can help you better understand the MAcc Program as well and why you should apply.

Rachel Cox, MAcc program
  1. Where are you from? 
    1. Hayesville, North Carolina. It’s a small town in western North Carolina.
  2. Where did you earn your undergrad degree?
    1. I earned my undergrad at the University of North Carolina (UNC) in Charlotte. I originally picked UNC for its engineering program, and then found myself in an “intro to accounting” class. After this class, I decided to double-major in accounting and finance.
  3. What brought you to Ohio State?
    1. After visiting the university and meeting with the faculty and staff, I knew I wanted to attend the MAcc program at the Fisher College of Business. The program structure is incomparable to other MAcc programs. All MAcc students are only required to take four core classes and the remaining classes are electives. This structure allowed me to take courses outside of accounting with non-MAcc students, which I believe is very beneficial to my learning experience and career. A second main feature that attracted me to Fisher is the University and atmosphere of Columbus, Ohio. Having always lived in North Carolina, I was ready for a change of pace and location. Moving to a new location (and not knowing anyone) has been an enriching process. I have been able to challenge myself academically, while continuing to grow as a person. I have also met amazing friends and peers.
  4. What’s your favorite class in the MAcc program?
    1. My favorite class in the MAcc program was Professional Research in Accounting, taught by Professor Turner. In this class, we conducted research in Financial Accounting Standards Board (FASB) and auditing standards within the PCAOB. This class taught me how to properly research accounting topics and interpret the topics, which is a necessary competency when working in accounting.
  5. What’s your favorite place to be on campus?
    1. My favorite place lately has been the circuit classes in the RPAC or North Rec gym. These classes have an instructor who also plays music in coordination to the workout. This is a nice break from the academic life while staying healthy.
  6. Any recommendations for future students?
    1. Come to the program with an open mind and don’t be afraid to engage in student activities.
    2. Don’t stress over the little mistakes in your classes. Everything will work out in the end.
    3. Take advantage of all the resources on and off campus in Columbus.

I would like to thank Rachel for taking the time to be interviewed and sharing all her insightful experience with us. Making the decision to come to Fisher and join the MAcc program is one of the most important decisions that I have ever made and I am grateful for it. If you have any questions, please feel free to email fcob-fisher_macc@osu.edu to get connected with one of the graduate administrative ambassadors. 

 

A Fellow MAcc Student Shares Her Experiences– and Advice

The application process is over, and now, you’re wondering if Fisher College of Business is the right choice for you for a MAcc program. I interviewed a fellow co-worker and MAcc classmate Jiajun (Jasmine) Wei to gain valuable insights into her background and why she decided to come to Fisher.

  1. Where are you from?
    1. I originally came from Harbin, China.
  2. Where did you earn your undergraduate degree?
    1. Augustana College, Illinois. It’s a small liberal arts college located in Rock Island, Illinois.
  3. What attracted you to Ohio State and the Fisher College of Business?
    1. Well, the MAcc program at Fisher College of Business has a great reputation and an outstanding academic ranking. The curriculum is designed with 75+% electives which allow the students to customize the class schedule and explore the areas that interest them the most. Unlike some other programs, the MAcc program does not ask students to declare the specific focus at the beginning of the year. Therefore, the students have a lot of time to try different classes and find out what they are actually interested in.  In addition, since OSU is such a big university, there are a lot of resources on campus to help students succeed. For example, the Office of Career Management has a dedicated career counselor for MAcc students.
  4. What’s your favorite class in the MAcc program?
    1. I actually have two favorite classes. One of them is a core class that’s about managerial accounting and taught by Professor Arya. He is very knowledgeable and I feel like he is not only teaching the material, but also teaching us a way of thinking. His class is very interactive.
    2. Another class that I like a lot is the Fraud and Asset Misappropriation class taught by Douglas Huffner. He is also working in the Risk Management Department. His class well prepares students to face  potentially controversial situations in the workforce. The discussions are very meaningful and insightful.
  5. What’s your favorite place to be on campus?
    1. RPAC and 18th Avenue library (I like the sauna room in RPAC the best!)
  6. Any recommendation for future students?
    1. Everyone, including your classmates, is a resource for you.
    2. Make sure to utilize all the resources.
    3. Make connections with recruiters and professors.

I would like to thank Jasmine (pictured below) for volunteering her time to be interviewed. It’s been a great year to meet new people and gain friendships through class.  I can ensure all future students that the decision to join the MAcc program at Fisher is a great one!

Jiajun (Jasmine) Wei

 

Spring Break

As I’ve blogged about before, one of the amazing things that Ohio State has to offer is the plethora of student organizations available for students to join. Each student organization is different, but the one that I am heavily involved in allows students to travel to exciting places for a low cost. During my spring break, I had the opportunity to join this organization, MUNDO, on a trip to the South. There, we visited Memphis, New Orleans and Birmingham.

In Memphis, we had the opportunity to stop at the National Civil Rights Museum, learn about civil rights history, and see the location where MLK shared his final moments. In addition, we learned about jazz history at the Memphis Rock ‘n ‘Soul Museum, and experienced it firsthand while walking around Beale Street at night.

The Lorraine Motel, sight of the National Civil Rights Museum

After spending two nights in Memphis, we made it to New Orleans. Of course, Bourbon Street is like no other, but let me tell you something: the beignets (a cross between a donut and funnel cake) exceeded any hype that surrounded Bourbon Street by ten times.

Even though New Orleans is known for its nightlife, we spent most of our days learning about its history and exploring town. We went on a number of tours that helped us explore civil rights in the south such as plantation tours, voodoo tours, ghost tours and museum visits. However, the one experience that I‘ll never forget is the swamp tour. For those of you who do not know me, nature and I do not get along. So, as you can guess, the swamp tour was definitely memorable. I will spare you the details, but all you people need to know is that I made good friends with a swamp boar named “Oreo.”

My sister and me posing in Jackson Square
Bourbon Street at night

Following a few days in New Orleans, we spent a night in Birmingham where we further explored key movements in the civil rights movements, and we visited sites like the 16th Avenue Baptist Church and the Birmingham Civil Rights Institute.

Overall, the spring trip to the south was very memorable. Not only did it greatly affect my learning and education, but I was able to form friendships which I will cherish as life carries on.

A Dream Come True

When I was younger, my brother gave me a poster from one of his soccer magazines. To most, this would seem like a small thing. After all, kids save posters and random papers all the time. But this poster was different. For the next ten years, the U.S. Women’s National Soccer Team hung above my closet door, inspiring me through every achievement.

Although I love soccer, I myself am not very athletic. I never aspired to be a professional soccer player. In fact, my aspirations were pretty fluid. Archeologist. Psychologist. Mathematician. When you’re constantly finding new interests, there may not be a constant female role model in your own field (especially since you’re not even sure what you want your field to be). So instead, I looked up to this group of women on my wall who would never share a career path with me, but motivated me nonetheless.

As I got further into college and discovered a passion for accounting, I never forgot the team of women who inspired me to dream big and go after what I want in life. I cheered them on in the World Cup. I felt my heart swell with pride when they fought for equal pay. And last Thursday, I finally got to see them play in person.

The team had to do a lot of warming up before the game since it was so rainy and cold.

By some miracle, I won discounted tickets in the OSU ticket lottery to go see the “She Believes Cup” in Columbus. And when Megan Rapinoe, my favorite player, scored the only goal of the game, I knew without a doubt that Columbus and the MAcc program are exactly where I need to be. Out of all of my experiences this year, this is the moment that I truly felt like I had come full circle– back to that little girl who dreamed big and went after what she wanted.

We got seats right above the tunnel and saw the players walk onto the field.

This fall, I start my career as an auditor. I will be the first person in my family to have a bachelor’s degree and the first to earn a master’s degree. I will be living in a major city that I have grown to love. I will meet strong women in my own field. And on my phone will be a picture of the U.S. Women’s National Soccer Team to remind me to dream big and go after my goals.

The CPA

C-P-A. The three letters that every accounting student fears. So, what does “CPA” stand for? Certified Public Accountant. In order to practice and provide opinions on accounting matters in the U.S., one needs to obtain a CPA sometime in their career. The rewards of having a CPA are great, but most students stress out about the exam and the preparation required for the exam itself.

But the fear is unnecessary; the CPA is not as bad as it sounds! The CPA exam is actually a misnomer. It should be the CPA exams. To pass the CPA, an individual is required to achieve a score of 75 (it is not 75%, but rather a weighted score of 75) on all four exams. The four exams that must be passed within 18 months of each other are Audit and Attestation, Business Environment and Concepts, Financial Accounting and Reporting, and Regulation. Each exam is four hours long.

Image result for cpa exam

Preparation for the first exam should begin a few months before you actually plan to take the first exam. Reason being: you need to apply to your state board to gain permission to take the CPA exam. Each state has different requirements that it needs to review for each candidate before the candidate is granted permission to schedule for their first exam (or given an “NTS”– notice to schedule). For example, Ohio requires a student to have 150 credit hours before sitting for the first exam. Additionally, candidates must complete 30 hours of accounting and 24 hours of business courses prior to applying for the NTS. More information on other states and exceptions to the rules, you can go to the NASBA website.

Once you have received permission to take the CPA exam, the studying can begin. Most students choose to use software called “Becker” or one of  hundreds of other software programs to help prepare for the CPA. Purchasing the software itself is expensive, but most accounting firms will provide you reimbursement for the  software if you end up working for them.

A year ago, I never imagined that I would be taking and sitting for the CPA. However, here I am, one year later and I already have one exam under my belt. The exam is not as hard as people tell you it is and as long as you come prepared, I am sure you will do fine. Best of luck to all my future test-takers!

Buckeye NutHouse

Football withdrawals were a real thing for me this spring. I missed having plans on Saturday to be with friends and enjoy a game in the stadium. If this is a concern for you, don’t fret: there’s basketball! I went to my first game in the “NutHouse” (Schottenstein Center) for the Ohio State vs. Iowa game. You can buy student tickets for $14 or less per game, and occasionally, there are free student tickets! In addition to really cheap tickets, the seats are amazing! Pictured below is the view from the student section which is courtside.

view from seats at the game

Plus, the Buckeye atmosphere is amazing! All students are on their feet the entire game in suspense– cheering on the team. The staff working at the game also hand out free items such as a baton that lights up. This year, Ohio State basketball has been selling out games for the first time in years. The team is currently ranked 13th in the nation and 2nd in the Big Ten Conference (exceeding expectations). Some attribute this performance to hiring a new coach, Chris Holtmann, who previously coached at Butler University. With March approaching, it means March Madness is ahead! For those who are unfamiliar, March Madness is a NCAA Division 1 Men’s basketball single elimination tournament. There are conference tournaments first, and the winning team automatically qualiies for the March madness tournament. There will be 36 remaining spots for teams to play after the automatic qualifying teams have been accounted for; then, the NCAA selection committee will select the 36 teams to be included in the March Madness tournament. As long as Ohio State keeps performing well, we should hopefully see them there!

 

Becoming a Volunteer Income Tax Assistant

Each year, the Master of Accounting Program organizes the Volunteer Income Assistant (VITA) program to help local individuals file their Federal and state income taxes. We, as volunteers, go to a site twice a week to help individuals who have made appointments.

Most of the tax preparers are either enrolled in the MAcc program or undergraduate accounting students. In order to be certified to help file taxes, we need to pass at least four different exams.

The VITA program not only helps the public to file their taxes for free but also helps our students to apply  in-class knowledge to the real world. It prepares our MAcc students to be more comfortable communicating with the clients and to improve various “soft skills” which are necessary when we start our professional job.

It is definitely rewarding to see what you prepared then get approved– and, in some cases, result in tax refunds deposited to the clients’ accounts. It was a little more difficult when clients would have tax due, meaning that they didn’t have enough tax withheld during the year and they needed to pay the IRS out of pocket. We needED to be very careful about how to deliver the message.

Besides the VITA program, the MAcc Council also organizes other community service events to do our best helping the local organizations and to take part in fun activitiesin and around Columbus.

After Submitting the Deposit, What’s Next?

Happy late Valentine’s Day & Happy Lunar New Year!

This is the time of year when many incoming MAcc students have received their acceptance letters and paid the deposit to the MAcc program— and are now wondering what should be done next.

My suggestion is to focus first on finding housing: a good apartment and roommates, if applicable. The good news is that Columbus and surrounding cities have a lot of housing options– and many options are low cost.

After you’ve paid your deposit, you’ll soon receive emails regarding housing information. You may choose either on-campus housing or off-campus housing. OSU’s on-campus housing options are all fully furnished, but limited in availability. Therefore, apply as early as possible if you’re interested.

The price range of an off-campus one-bedroom apartment varies, but I think it’s about from $650-$850, depending on the location of the apartment, whether or not it is fully furnished, and the surrounding community. OSU has put together a very helpful webpage with a list of off-campus options.

Along with the housing email, you should expect to receive several other emails regarding how to purchase Buckeye football tickets (a must-do activity at least one time while you’re here), class registration, and orientation details. You’ll be kept in the loop all spring and summer so that you can start on a high note when you begin the program.

For now, relax and take pride in your admission. See you in the fall!

 

Snow Day!

A very fun aspect about moving to Ohio from Oklahoma is that it snows a lot more here than it does back home.  Some people might strongly disagree with the sentiment that this is fun, but coming from a place that doesn’t receive much snow annually makes it really exciting to live in Columbus where it snows regularly!  Growing up, I always loved snow days, and they happened so rarely that I still get excited for snow– even if it doesn’t mean that school is cancelled.

Fisher Hall in the snow

Columbus receives 22 inches of snow per year.  This really is not that much in the grand scheme of things, and is actually even less than the average U.S. city, but it is still more than twice as much as the amount that my hometown annually receives.  Extra snowfall obviously comes with some additional perils in terms of getting to campus, but if you drive with caution and give yourself extra time, you shouldn’t have too many problems (barring any issues with other reckless drivers). Last week, we received about 4 inches of snow overnight and that meant when I arrived on campus early the next day, there was a beautiful scene of untouched snow all over campus.

Feeling a little cold after doing a snow angel on the oval

A fellow ambassador for the MAcc program, Rachel Cox, wanted to go outside and explore the campus in the snow, so I tagged along with her.  As I mentioned, I really love snow, so I got a little caught up in the moment and decided to do a snow angel– business casual clothes and all.  If any future students are worried about the weather in Ohio, just remember: it still snows less than the average U.S. city, and when it does snow, it can actually be pretty fun!

Chat with Katharine Garrett

Recently, I had the opportunity to catch up with one of Ohio State’s finest MAcc students, Katharine Garrett. She is a very energetic, smart, and authentic individual. We were able to talk for a little bit about her MAcc experience earlier this week.

Image result for katharine garrett

Chehade: Why did you decide to get a MAcc degree?

Garrett: I chose to get a MAcc degree because I wanted more of a challenge and the combined degree gave me an opportunity to get a master’s degree without extending my education (Fisher offers select undergrad BSBA students concurrent admission into the MAcc program). I also believe that a MAcc degree will give me a starting advantage in my career.

Chehade: And why did you choose Ohio State?

Garrett: Ohio State’s MAcc degree is nationally ranked and I was excited about the opportunity to learn more about accounting from both an academic and practical perspective. Additionally, a unique thing about Ohio State’s MAcc program is that you are given the opportunity to take other graduate-level business courses such as HR and finance while you are a MAcc student.

Chehade: Almost being ¾ done with your MAcc, what so far has been your favorite experience and memory?

Garrett: Presenting and watching other student’s presentation for Professor Zach’s final project. Professor Zach provided us the opportunity create and build our own project to investigate anything we found interesting. This led to some of the most interesting and educational presentations I have ever seen.  I most enjoyed watching other presentations and seeing what amazing projects and analyses my classmates were able to put together. Truly inspirational!

Chehade: Now I am going to ask you some quick questions: What’s been your favorite course so far?

Garrett: Pat Turner’s Professional Research

Chehade: Funniest professor?

Garrett: Professor Arya. He was quick and witty!

Chehade: Favorite Place to eat in Columbus?

Garrett: Harvest in Clintonville. They have delicious pizza!

Chehade: Best thing to do on the weekend?

Garrett: I like to explore Columbus restaurants and neighborhoods.