Planes, Trains, and Automobiles

The end of the school year is near, with spring break still fresh in our minds. While I went to Florida and spent time with family and friends at the beach, here are some testimonials of what a few other MAcc students did during their well-deserved break.

Haoyuan (Eva) Li – Road Trip

“During the spring break, we went on a road trip. The experience was awesome since we drove through seven states and visited five cities.  Each city is different and has its own special thing. As I have never been to any of those cities, I got to experience different culture and try all kinds of delicious food.

One of the most impressive experiences during the trip was to see colonial Williamsburg. The buildings are classic and historic. You can see people dress up in different roles from the 18th century. They are from a variety of backgrounds, and under the tour guidance, you get to learn how their choices impacted their families and community.

Colonial Williamsburg

Another highlight is that we visited several well-known universities during the trip. We spent a lot of time in their business schools and libraries. Each school has its own unique qualities; some have great facilities, some have great architecture design, and some have a really good vibe. We did the “O-H-I-O” gesture in front of each business school as the proof of our ‘conquering’ of the area. The whole trip was fascinating and was a great travel experience with other MAcc people!”

Showing school spirit across the country
Nick Sampsel – Washington D.C.

“Over Spring Break, I took a few days to go to Washington D.C. As I was notifying a few of my classmates that my hotel had CCTV, I discovered that there were others going to D.C. as well! We visited a bunch of the different Smithsonian museums, like the Museum of American History and the Museum of Natural History, and saw all of the different monuments. As MAcc students, it was absolutely necessary to get our picture taken in front of the IRS as well! Overall, it was a nice getaway and a pleasant surprise to see a few of my friends on vacation.”

Is it tax season yet?
Yajie (RJ) Liu – Global Business Expedition to Israel

Global Business Expeditions (GBEs) are short-term, high-intensity global programs offered during Spring Semester. Each program is designed by our Fisher College of Business faculty to integrate industry expertise with a global context. For full cultural and business immersion, students travel during 2017 Spring Break on a private tour of globally successful, multi-national companies and the must-see historical sites of the region.”

MAcc and MBA students pose for a picture at the Western Wall

Students have the option of attending a week long program in Germany, Spain, or Israel. Israel focuses on innovation and entrepreneurship, giving students viable insight into multinational business dealings. These programs are not only limited to MAcc students, but also open to all graduate business students. Prior to traveling, students participate in a 7-week multinational business course. While in Israel, students partake in cultural tours and business meetings with several multinational entities. Program brochure can be found here.

Buckeyes at The Dead Sea

The Most Difficult Assignment of Grad School…

Last month, I completed the most difficult (and fulfilling) assignment of the MBA thus far.  It didn’t involve an extensive group strategy session, or a Sunday afternoon in R studio learning to better work with data, or even a 40-page case read with analysis…. It was even more difficult than those other assignments.

This assignment involved digging deep to develop my personal legacy statement.  What do I want my friends and family to say about me when I retire?  What do I want the overall impact of my professional life to be?

The premise is that nobody makes it to their deathbed and says “gee, I wish I’d spent more time at the office grinding in Excel.”  How much more effective (and challenging) is it to consider your life impact on the front end of your career than the back end?

Our Leadership Legacy class had to not only flesh out our legacy into a paper, but also to present our statements in the form of 5 minutes speeches to the class.  It was a beautiful experience to learn how my classmates have overcome crucible moments and how they plan to make a meaningful impact in their careers.

In the end, I’m so grateful that Fisher is not just training me to be a sharp analyst and a strategic thinker, but also to be an effective, authentic, ethical leader who very carefully and intentionally considers my impact on the world.

Image result for leadership legacy fisher tony rucci

(here is a shot of our professor, Tony Rucci)

Columbus Marketing Hop

As a 2nd-year student in the MBA program, I’ve had the opportunity this year to serve as VP of Programming on the leadership team for AMP, the Association of Marketing Professionals. In the fall semester, I enjoyed coordinating the Columbus Marketing HOP, which started last year as a way to introduce Fisher students to different companies in Columbus and understand how they do marketing.

We like to do the trip in the early fall to expose the 1st-year marketing students as early as possible to different types of marketing careers. The core curriculum marketing class is a quick intro in the fall and isn’t able to deep dive into all aspects of marketing. So, for some students this might be their first introduction to what agencies do or understand how different industries do marketing very differently.

Piada’s Headquarters

This year, we started the morning at Piada, which is a new restaurant start-up founded in Columbus. They have recently expanded from Ohio to Minnesota and Texas to test different markets with their Italian street food, fast-casual concept. We got to hear from Matt Eisenacher, their director of marketing, on Piada’s marketing challenges in being a small start-up dealing with explosive growth. He also compared his experiences in the restaurant industry to his background in brand management at traditional CPG (consumer packaged goods) companies like Nestle and Abbott.

From Piada, we traveled to Perio, which is the parent company of Barbasol and Pure Silk shaving brands. It was really interesting to hear from Amy Litzinger and the team at Perio about their different consumer segments and how that leads them to different marketing tactics. They spoke at length about sports and entertainment sponsorships, which opportunities they choose, and why they do them,(which personally I found very interesting because I didn’t know very much about that side of marketing).

The group at Perio, home of Barbisol and PureSilk

After loading us up with gift bags of shaving cream (thank you!), we stopped for lunch at, you guessed it, Piada! We got to try some of the seasonal specials that Matt talked to us about in the morning, and it was especially interesting to hear from half of our group who had never been to one of their restaurants before!

Baesman’s welcoming moose 🙂

Our last stop of the day was Baesman, a non-traditional marketing agency located in downtown Columbus. I was very excited to showcase an agency to our group because it’s hard to understand the agency lifestyle until you get to see it for yourself. So much creativity and flexible thinking is needed in their roles and that often translates into offices that look very different from the stereotypical cubes of the large companies they typically work for.

Baesman’s focus is on data-mining and creating content based on insights that they glean from their clients’ data. It was fascinating to hear about how their business and focus has changed over the past 5 years when they realized what an opportunity data-led marketing would be.

I worked with Baesman in a couple different capacities before I came to Fisher, and even I learned a lot about their business model, and how quickly things are changing in their industry. We got to hear from their president, Jeff Sopko, about starting the business, and we also heard from Evan Maggliocca, who is in charge of their agency branding. I confess that I had never really thought about how important branding and marketing efforts are for an agency as they compete for new business. I had only viewed them from a client standpoint, and it was great to realize their challenges as a business, and how they’ve set themselves up for success under those conditions.

Even though I’ve lived in Columbus for more than 5 years, I personally benefited from visiting these companies and hearing about their very different marketing challenges and tactics. The students who went on the trip learned a lot too, and were excited about the diversity of the companies we visited. I’m happy that AMP was able to share such variety in our own backyard and get our students thinking in different ways about their marketing career possibilities while exposing them to great companies.

The End Is Near

I spent a part of this morning going through photos from the past year, and man, it is crazy how quickly these past eight months have gone. Reminds me of this old country song by Trace Adkins. As our email inboxes get flooded with graduation information, ways to purchase regalia, and other information regarding diplomas; graduation is starting to become a real idea indeed.

Looking back on these photos brought back great memories. For example, I remember our orientation and our Turbo Finance class, where I was planting the foundation of my current financial knowledge and getting to know my new classmates better. Another example is the numerous dinners that we went to as a class and all the great food and conversations we had.

My first team at Fisher

Fast forward to the Fisher Follies Auction event in the fall, to accepting my job, to traveling to NYC and meeting with the banks, to finishing out the first half of the program on a strong note. Christmas vacation was an awesome time to have some rest, start studying for the CFA exam, and begin to prepare for the second half of the school year.

Classmates and me in NYC in the fall.

Looking back on the past two months, I also did a lot of traveling: Denver, New York, Chicago, and Islamorada. It was awesome being able to enjoy these places with family, friends, and classmates. It was also nice to do a little traveling while I was still in school and before I started my job.

Skiing out in Denver at Keystone.

Now, we have just over one month left and I am going to cherish these moments a little bit more than the rest as I recognize that this is the end. We have a few more events planned, including the Fisher Follies Variety Show event and a few other SMF events. I am looking forward to this next month and walking across the stage with my classmates at graduation.

Opening Day: Glory to Columbus!

While other cities in the United States resisted soccer, Columbus embraced the world’s most beautiful game. Columbus stood apart from its peers by developing a professional soccer club, Columbus Crew Soccer Club. Free from the shadow of other professional sports teams, Crew SC organically grew to capture the city’s interest. Crew SC became the first professional sports team in Columbus, as well as the first club registered in the United States’ Major League Soccer. Columbus then proudly built the nation’s first “all-soccer” stadium. The country has returned Columbus the favor by hosting several U.S. National Team matches here in our city!

MAPFRE Stadium, the U.S.’s first soccer stadium, for Crew SC, the U.S.’s first club

March kicks off the soccer season with the Crew hosting the season opener. Two good friends who came into town from Toledo, my house-mates, and I attended the first game v. Chicago Fire (shout-out to the Fisher Finance Grad Association for the free tickets!). Check out the highlights from the game.

Everyone at Fisher should make sure to attend at least one Crew game. Even if you are not a sports fan, spend an evening checking out the atmosphere. The Crew has a loyal base of supporters that can always be found a few hours before a match at Fourth Street Bar and Grill. When you go to the game, walk a few blocks over to Fourth Street to see the support doused in yellow and black garb and feel the excitement in the atmosphere.

Image result for fourth street bar columbus
Its a little sleepy today, but stop by Fourth Street before a match!

One of soccer’s attractions is its attachment to a place. People feel a sense of home with their local club and celebrate their community together though its support. This is clearly evident in Europe where many clubs are close together. Here, clubs are spread out; but, as the league is young, it escapes much of the entertainment industry’s efforts to re-brand sports as an entertainment production. This may feel less exciting than the NFL or NBA, but is a refreshing approach to stay in touch with the city. Study up on the club’s songs so that you can sign along with the Hudson Street Hooligans. See you at the game!

Spring Break: From Germany to German Village

Last week’s Spring Break saw members of our graduate programs spread out across all corners of the world; visiting family, soaking up the sun, and exploring exotic places. I spent my break right here, in the snowy Columbus corner of the world—and I regret nothing.

One group of students spent their week in Germany as part of our Global Business Expeditions program. During the trip—led by MBA Program Director Shashi Matta—the travelers visited famous German companies such as Audi, while also enjoying the culture and scenery.  I was with them in spirit as I made a day trip to German Village.

German Village is a historic neighborhood just south of downtown Columbus, and a true gem of the city. It was settled in the mid-1800s by German immigrants and today is nationally recognized for its historical preservation efforts—in fact, the entire neighborhood was placed on the National Register of Historic Places in 1974.  The area is instantly recognizable by its brick streets, quaint and meticulously-maintained brick homes, beautiful Schiller Park, and German dining options.

Schmidt’s Sausage Haus and Restaurant is a neighborhood institution that has been serving up traditional favorites in the same location since 1886. The spicy Bahama Mamma is my go-to.  Served on a platter with sauerkraut, German potato salad, and house-made applesauce it truly makes you feel like you are far away from Columbus.  Be sure to save a little room for dessert, because Schmidt’s legendary cream puffs (about the size of a softball) are not to be forgotten!

Schmidt’s Sausage Haus and Restaurant; Image: https://www.pinterest.com/pin/70650287877835756/

The Book Loft is another German Village favorite. One of the nation’s largest independent book stores, this quirky labyrinth of literature features 32 themed rooms throughout its winding hallways, connecting what were once three separate properties.  The experience of wandering around is in and of itself an Alice in Wonderland style adventure.

The Book Loft, German Village; Image: http://images.fineartamerica.com/images-medium-large-5/the-book-loft-jack-schultz.jpg

German Village is just one of many unique neighborhoods that comprise the vibrant city of Columbus. We are very fortunate as Fisher students to have opportunities to explore the world directly through study-abroad programs, and indirectly in our own backyard—no matter your choice, adventure awaits!

 

The Global Food Map of Columbus

One cool aspect of the SMF program is how diverse it is. We have students from all over the globe who have their own unique cultures and culinary backgrounds. The latter is something that I have found most interesting over the past few months. Below you will find the different eateries that I have tried since we arrived back on campus from winter break:

First up: Saigon Asian Bistro out in Lewis Center, OH. We had a class dinner here, where the majority of the class showed up; even some of our professors and their families came. I ordered the Beef Pad Thai and it was pretty good. Unfortunately, God did not give my mouth the ability to handle spicy foods so I always have to order no spices. Nonetheless, I enjoyed this meal.

Next up, a few of my classmates and I headed to Taco Loco in nearby Dublin, Ohio, for a friend’s birthday celebration. One thing about this place is the guacamole. Man, oh man, they have some of the best guac in the state of Ohio. In addition to filling up on guac, I also indulged with one of their burritos, which was also very tasty. All in all, a solid little spot.

SMF Group at Taco Loco

Third, headed to New Taj Mahal on High Street near campus for some Indian food. This was my first attempt at Indian food since the summer of 2014. As mentioned above, I was not blessed with taste buds that are cool with spicy foods, so I was a bit scared. However, I ordered the shrimp biryani and really enjoyed it. Also, the buttered naan that we ordered for the table was delicious.

Fourth and final destination: a few weeks back a group of us headed out to Drelyse African Restaurant in Columbus, OH. This place specializes in West African cuisine and it was my first ever try at this style of food, so I was pumped up. I ordered the jollof chicken, which is pictured below. It was AMAZING. Also, my friend ordered the fried plantains and those were a nice little side dish. Would recommend this place to anyone who is interested in trying West African food.

Jollof Chicken at Drelyse

Four great experiences so far this semeste– really looking forward to continuing to explore the different cultures that we have here in Columbus and expanding my food palette over our final few months in school!

Defining My Legacy

One of the things I love the most about The Ohio State University’s Master of Accounting (MAcc) program is the fact that the curriculum is primarily electives. While I certainly enjoy my accounting courses, I think there is tremendous value in having a well-rounded education in which you have the opportunity to explore interests outside of your chosen career path. During the first term of the spring semester, one of my classes was “Building Your Leadership Legacy,” and it was absolutely transformational.

The course is taught by Tony Rucci, whose resume is impressive to say the least. Over the course of his 28-year career, he had the opportunity to work for three different Fortune 100 companies, serving in various executive capacities. Despite this professional success, he is one of the most down-to-earth individuals I have ever had the privilege of meeting.

We primarily used the book  Discover Your True North by Bill George, which walks through the steps to authentic leadership.  The text was supplemented by various articles. In addition, we had the opportunity to hear from several guest speakers throughout the 7-week term. I find learning people’s life stories to absolutely fascinating, so this aspect of the course was especially valuable.

The end goal was to successfully define my leadership legacy in fewer than 20 words, a seemingly simple task that proved to be far more challenging than I anticipated. The purpose of this legacy statement is to provide direction to my life – it contains key themes that embody the kind of person I want to be remembered as. During the last three class sessions, all students had the opportunity to share their desired legacies and how they chose it. It should be noted that in a class of 50 graduate professional students, the common themes among these statements had nothing to do with business and everything to do with compassion, kindness, serving others, etc.
I can say with absolute certainty that this has been one of the most influential classes I have ever taken. The power of introspection is often overlooked, but awareness of self is critical to effective leadership. I may not have all the answers as to what I want the rest of my life to look like, but I now have a clearer idea of what direction I need to take to live out my legacy.

Favorite Breakfast Spots

I am a huge sucker for breakfast food. It’s tragic that I am someone who only eats breakfast a few times a week given it is my favorite type of food. Whether you spent all night studying or went out with some friends the night before, a nice big breakfast is definitely the best way to start off a new day.

My Top 5 Breakfast Places in Columbus:

  1. Katalina’s – though I’ve only been twice, their pancake balls are legendary. Katalina’s describes itself as a “homey spot for comfort food with a twist” and I’d say that’s pretty accurate.

    Katalina_s_Cafe_Corner-Katalina_s_Cafe_Corner-20000000001604016-500x375
    Pancake Balls (left) from Katalina’s
  2. Northstar Café – Established in Columbus, Northstar Café is a fast-casual restaurant that feels fancier than the price would indicate. I would recommend the “cloud nine pancakes” if you go.

    Cloud Nine Pancakes from Northstar Cafe
    Cloud Nine Pancakes from Northstar Cafe
  3. Hang Over Easy – Perhaps the breakfast spot I’ve been to most often, Hang Over Easy is located on South campus and has great outdoor seating for nice mornings. The staff here is also very nice and the food is tremendous.

    Hang Over Easy
    Hang Over Easy
  4. Jack and Benny’s – This café is located in the Old North Columbus area just north of campus. This is a great place to get a relatively inexpensive breakfast near campus. Classic homemade food and they usually serve you very fast.

    Jack and Benny's
    Jack and Benny’s
  5. Hadley’s– This is more of a special occasion brunch location, but with $18 bottomless mimosas, it can be a lot of fun. The MAcc program recently went to Hadley’s and more than 20 of us enjoyed brunch together.

    Bottomless Mimosas come with your own champagne bottle!
    Bottomless Mimosas come with your own champagne bottle!

As Big Sean says “last night I took an L, but tonight I bounce back.” No matter how many L’s you took the previous night, there is no better way to bounce back than with a delicious breakfast from any of these places.

CPA Exam Facts

Getting your CPA can be a very confusing and stressful process for some, but once you get all your facts aligned, it may be easier to see that end goal of CPA licensure. The Fisher College of Business hosts CPA representatives throughout the school year who provide office hours to answer exam questions. Also, during orientation, several CPA courses give a brief presentation breaking down the information in more detail. I will discuss some common information about the exam.

150-hour requirement

150 credit hours are required by the AICPA. Directly referenced from its website, students can meet the 150-credit hour requirement if they:

  • Combine an undergraduate accounting degree with a master’s degree at the same school or at a different one;
  • Combine an undergraduate degree in some other discipline with a master’s in accounting or an MBA with a concentration in accounting;
  • Enroll in an integrated five-year professional accounting school or program leading to a master’s degree in accounting.

For those of you who do not come from a traditional non-accounting background, do not fear. If you notice the second bullet point, a master’s in accounting satisfies this requirement. Therefore, the Fisher MAcc program is your way to CPA.

It is important to recognize the distinction between the licensure requirements and the exam sitting requirements. Every state requires 150 credit hours for licensure, but some states may allow you to sit for the actual exam before those 150 credit hours are earned.

  • For example, the State of Ohio has a 150-hours education requirement for licensure and 150 hours must be completed prior to sitting for the exam.
  • Other states– for instance, Florida– have 150 hours education requirement for licensure, and 120 hours must be completed to sit for the exam.

You can find all this information broken down by state here.

Sections of the Exam

There are four sections of the exam:

  • Auditing and Attestation (AUD)
  • Business Environment and Concepts (BEC)
  • Financial Accounting and Reporting (FAR)
  • Regulation (REG)

Passing score

The magic number

A passing score is a 75; however, this score is not simply how many questions you get right. Similar to the GMAT, it is weighted and calculated through various methods. The AICPA has released information that is helpful to understand how your score is calculated.

Study Materials

While there are numerous study materials out there, make sure to pick the right materials for you. Know your study habits. If you love to use flashcards, make sure to pick materials with flashcards.

While going through the recruiting process, make sure to ask your employer if they can help financially with the cost of prep materials. A great thing is that most firms are willing to help.

Firm won’t help? No problem. Check out these AICPA scholarships here.  Additionally, make sure to check with your state board of accountancy as it may offer additional scholarships, too.

References

Helpful requirements by state

AICPA information

NASBA

Helpful blog forum

Good luck!