Posts filed under 'MAcc'



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!

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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.

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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!

 


Q&A with MAcc Students- Part 1

Now that it’s the first week of our second and final semester in the MAcc program, I thought it was a good time to share a bit about some of my peers, learn why they chose Fisher, and hear about their summer plans!

Here’s Part 1 of my Q&A session:

Pat Archer ’15 

pat

Where are you from?
St. Louis, Missouri

Where did you go to undergrad? What was your major and when did you graduate?
I majored in business at the University of Dallas and graduated in May 2014.

Why did you decide to get a graduate degree in accounting?
I had an outstanding liberal arts education from University of Dallas, but I wanted to build a set of
professional and technical skills as well in order to have a rewarding career in accounting.

Why did you choose Fisher MAcc?
It’s a broad-base program which fits well with both how I understand accounting
and how I would like to approach my career.

What are your post-graduation summer plans?
I plan on taking the CPA Exam and then travel the East Coast with my beautiful bride.
(Author’s note: Pat just got married on January 3!) Afterwards, I will start working
as a Staff Auditor for Deloitte in Phoenix.

Do you have an interesting fact, interest, etc. that you’d like to share?
@The_Pat_Archer is my Twitter handle. #teamfollowme

 

Danni Shi ’15

danni

Where are you from?
Ningbo, which is on the east coast of China

Where did you go to undergrad? What was your major and when did you graduate?
I majored in finance at The Ohio State University and graduated in May 2013.

Why did you decide to get a graduate degree in accounting?
I took several accounting classes as an undergrad, and I found them to be interesting and practical.
My knowledge in accounting helped me to better understand finance, and accounting skills are very important for people to have who want to work in the financial industry.

Why did you choose Fisher MAcc?
My previous roommate graduated from the Fisher MAcc program. She strongly recommended it to me and told me how nice MAcc professors are, how challenging but useful the courses are, and how much I would enjoy meeting new friends from all over the world. I knew it was the program I wanted to go to. Besides, the program is only 9 months long, which is a big attraction for me.  I enjoyed being a undergraduate student at Fisher and have fostered a strong relationship here.

What are your post-graduation summer plans?
I plan on taking the CPA Exam and going on a nice trip to Yellowstone and Glacier National Parks before I start my job as a Financial Service Office Staff Auditor at Ernst & Young in New York City.

Do you have an interesting fact, interest, etc. that you’d like to share?
I like hiking and tennis. Also, I am good at cooking Chinese food.
Fun fact: When I was young, I told everyone that being an accountant was the last job I
would choose and never ever thought I would become an accountant when I grew up.

Thanks for reading! Check out Part 2 in two weeks!


New Year, New Classes, New Goals!

After spending the New Year watching the Buckeyes beat Alabama in New Orleans, the thought of coming back to school was not the most appealing idea. However, now that I am back at Fisher and getting into the school groove, I am more than happy to be back with my fellow MAcc students and professors!

Of course at the beginning of every year everyone makes a bunch of resolutions, which are more than likely unattainable. I decided to try and break this horrendous trend and make a couple attainable goals for my next term in the MAcc —

1) Wake up early enough for breakfast – I always end up just grabbing a bar before I leave to go to class and I really want to work towards waking up and taking the time to eat something a little more substantial. I’m hoping this will make me more awake for my 8:30 am IFRS class. I really do need to work on this since I am currently eating oatmeal at work…

2) Go ice skating – This one might be cheating since the Fisher College of Business Social Chairs have organized an event and this became a goal after I received the invitation but regardless, I want to go skating for the first time!

3) Keep on top of my assignments – This term looks like it has a lot of assignments/readings due every class period. In order to deal with this, I want to utilize my time on free days and get a bulk of the reading done or at least try and keep organized enough to have everything printed off so I can read it during down time between classes or easily at home.

4) Stay busy and give back – I really want to do as much as I possibly can this semester to really stay involved and to volunteer on and off campus! I will be a Site Manager for the VITA (Volunteer Income Tax Assistance) Program and I am getting more involved with recruiting events for EY. The New Year will hopefully allow me to give back to those who have helped me in the past and to stay involved with the community!

5) Have fun! – This will definitely be the most attainable goal, it is my last semester at Ohio State and I really want to enjoy it!

We will see if these all come true or if they stick for the rest of the term — I like to think I will be able to achieve them for sure!


Buckeyes on Bourbon Street

As the first semester of the MAcc program came to a close, some students had more than just finals on their minds.  The last week of finals corresponded with the announcement that The Ohio State University’s football team made the first ever College Football Playoff and would be playing Alabama in the Sugar Bowl on New Years Day.  Hearing this news numerous MAcc students had their sights set on making it down to New Orleans to be part of the game and support the Buckeyes.  Luckily, around 10 or so MAcc students got tickets for the game either through the student lottery or other various ways; I was lucky enough to receive a free ticket from the student lottery provided by Taco Bell.  Through group messages and talking at lunch, we were able to plan the drive and hotel situation.  Since we were on break, many people were driving from different parts of the country (including one person who took a 16 hour megabus trip).

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Cafe Du Monde

Once we all got to New Orleans we made a plan for the trip.  We spent all of New Years Eve day in the city, seeing the sights and fully exploring the culture of New Orleans.  We stopped by Cafe Du Monde to enjoy some beignets and coffee, which is a must if you are ever there.  We also enjoyed an early dinner on Bourbon Street and were able to get some signature Louisiana dishes you always hear about.  New Orleans is without a doubt a city worth visiting if you get the chance (go to Pat O’Briens).

Jackson Square

Luckily for us we weren’t there just to see the city, we went for the Sugar Bowl.  New Years Day we got to the Superdome early to pick up our tickets and check out the pregame festivities.  The atmosphere surrounding the game was unreal and the streets were packed with both Ohio State and Alabama fans.  Having won a ticket in the student lottery I was able to be part of the student section and had seats only 11 rows up from the field.  It was a great game to be a part of and Ohio State was able to come away with a win, putting them in the National Championship against Oregon.  The whole experience was something I will never forget and it was wonderful to be able to share it with some of my best friends from the MAcc program.

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Script Ohio

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Ohio State side of the Superdome


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