I still contend that Intermediate Accounting for MPAs (Not ACC 329) is the hardest class in the business school, but Advanced Accounting is no “walk in the park.”  This past week was the first exam, or as Professor Deitrick likes to call it, “the first scrimmage.”  Professor Deitrick is a phenomenal accounting teacher considering he was a math major and he uses a repetition based technique that drives his core points into memory rather effectively. He did a great job preparing us, especially with the use of a course packet with detailed examples and practice problems.

My technique was a little different than Natalie’s (see previous post) but my circumstances were different. Coming off an ITAC exam, TX/OU ticket draw, and continuous homework in all of my classes, it was difficult to start preparing a week in advance.  I had kept up on all of my reading (each chapter twice), all the practice problems, and I never missed a class so I was able to minimize the need for playing catch-up.

The three days before the exam I really began to study hard-core for it, with problem after problem of practice.  Is it weird to say that I find business combination accounting to be REALLY COOL?!?!?! Continue reading Advanced – Well, it wasn’t ACC311. →

There are many ways to learn accounting.  There are many ways to learn just about anything for that matter, but to keep it close to home, I am referring to the academic foundation of the MPA program here at McCombs.  There are classrooms, lectures, case competitions, group projects, etc. … and all of these methods teach us something new.  It wasn’t until recently though, that I have found a newfound respect for another method: guest speakers!

Now, I dare to say that most people love guest speakers because it means that class that day is going to be easy.  No quiz, no homework, no notes need to be taken…just sit back and relax, it is going to be an all-around easy day. It is these easy days that I have found to be rather enlightening along my path of accounting studies.

The ACC 152 Lyceum course is rumored to be just a late-night class that comes to be an inconvenience to peoples’ eating habits and provides little knowledge and understanding of accounting.  Nothing could be further from the truth. It is true, they don’t sit up there and ask what the debit and credit entries are, or even ask what type of consolidation method we should be using, but they do provide insight into the real world.  I have found that these professionals, some with 20, 30 and even 40 years of experience behind them, are the most brilliant minds of our day.  They speak to us on such a personal level, touching base on real-world accounting issues ranging from career possibilities all the way to a lesson on trust.

These last few weeks have been a lot of fun for me and I am so grateful that McCombs is able to attract such talent.  Our reputation not only brings in the best students, but it brings in the best professors and best speakers of the profession, and each and every one of us can learn from these brilliant people. Don’t believe me? Take one lap around the CBA 4M floor, the door-tag credentials and the mountain of published excerpts will speak for themselves. Still don’t believe me? Look at the message boards on all of the floors and you will see that Fortune 500 CEOs are at this school at least once a week.

We are all so lucky to be given this opportunity to learn from the best. Thank you, McCombs!