Category Archives: Centennial

Happy New Year!

Last year I wrote a blog about New Year’s resolutions, so this year I thought I’d switch it up and look at the past year in review. And because accountants love numbers so much, let us take a look at the past year in numbers.

300: Hours of lost sleep

268: Number of Intermediate Accounting problems worked

750: Cups of coffee drank

64.5: Hours spent researching tax law

90: Number of hours spent at McCombs studying during finals

10: Number of Esteemed Lyceum Speakers

13: Number of football games I wish I we had won

9: Number of football games actually won

11: Number of interceptions thrown by UT quarterbacks in 2012 (ugh, this just pains my heart)

28: Number of volleyball games won on the pursuit of the national championship (and this one warms my heart right back up!)

13: Number of Longhorn medals in the 2012 London Summer Olympics (6 gold, 5 silver, 2 bronze)

67: Number of all-time gold medals won by Longhorns (not a 2012 fact, but this picture definitely went viral in the UT network during 2012)

309: Number of new MPA candidates admitted

2: Number of MPA Council awards given at 2012 spring commencement

100: Number of years UT Accounting has celebrated

7: Number of years in a row UT Accounting has been ranked #1 at the graduate level

2: Number of National Championships won by Longhorns this year

1: Number of med schools coming to the UT Austin community

2012 was clearly a fantastic year, and here’s to 2013 being as equally memorable and classy!

Keep it classy, Longhorns.

A long time ago, in a place not too far away…

One of the most appealing aspects of attending the University of Texas is the fact it is located in the heart of Austin. I know that I was a little nervous moving to a big city for college, but Austin is the perfect college town.  Why would I say that? First of all, I say that because the UT campus is off on its own on the north end of downtown Austin, so you get that feeling of being on a centralized college campus that is rare in urban universities. Second, the entire city seems to be compromised of Longhorn fans and alums, so you’ll see that welcoming shade of burnt orange everywhere you go. The other reasons Austin is a great place to go to school are Austin’s history, opportunities, entertainment and food.

To do the city justice, I will write a post about each of these components of Austin. Today, we are going to focus on the city’s history.

The Founding of Austin

The city’s recorded history began in 1830s when Anglo-American settlers arrived. These settlers eventually founded the city (then called Waterloo) along the banks of the Colorado River.  During this time period (around 1836-37), Texas had just won it’s independence and recently formed the Republic of Texas. In 1837, President Sam Houston established the Republic’s capital in Houston.  It was at President Mirabeau B. Lamar’s instructions that the Texas Congress purchase all the land of Waterloo and surrounding the banks of the Colorado River to establish a permanent Texas capital. The Texas Capital named the new city Austin in honor of Stephen F. Austin, “the father of Texas,” and officially chartered the city in 1839. Continue reading A long time ago, in a place not too far away…

Time Travel: The History of Accounting

Once a number cruncher, always a number cruncher!

The celebration of the UT Accounting Program’s centennial anniversary is fast approaching. What would be a better way to celebrate this longstanding success than looking back at how the field of accounting was born? This will be the first of a three-part series on accounting: how it started; how it’s viewed and used in today’s world; and how the accounting program was established and developed at UT.

It might be a surprise to some, but accounting is one of the oldest professions in history. Families and small communities had to account for food and other necessities in preparation for cold and harsh seasons. Researchers and anthropologists found evidence of accounting records that existed during the Babylon Empire. In other words, formal accounting records were already in existence since 4500 BC! They also found accounting records in the Code of Hammurabi which dates back to 2250 BC! This just proves that as business transactions and government tax systems became more complex, people knew that they had to account and keep track of their revenues and expenses. Continue reading Time Travel: The History of Accounting