Tag Archives: Texas MPA

Accountants: Unexpected Heroes of the World

As the semester has gotten harder, a good number of my peers have considered if all of this work is truly worth it. Some of the people I’ve spoken to are thinking of trying to find a more rewarding profession, such as nonprofit work, or helping people in some way or another.  As much as they love accounting, sometimes it’s hard to see the big picture of why accounting is such rewarding work and how it can change people’s life. I took these sentiments personally because I feel accounting can be one of the most rewarding professions in helping others, and decided to do some research.

 

The first article I found was by Brenda Lee Tang of the Trinidad Express from November of last year called “Why accountants are the new heroes”.  In this article she says that accounting is “important work to be done on an ethical level.” Accountants are committed to the public good and are taught in ethical practices. We are an independent voice that stakeholders can trust. My personal favorite part of the article was the following paragraph:

“The impact of accountants’ professionalism will be most keenly felt in developing economies. Aided by their integrity and commitment to sustainability, accountants will be able to help create sustainable economic infrastructure, regulatory mechanisms, and codes of governance in places where there were none before. Most importantly of all, they will be vital to the development of the educational infrastructure that will equip the next generation of accountants.” – Brenda Lee Tang

Some people might think that accountants as “heroes” might be too strong a statement. However, I personally use Christopher Reeve’s definition of a hero:
“A hero is an ordinary individual who finds the strength to persevere and endure in spite of overwhelming obstacles.”
I think it’s interesting that it is so hard to find articles that praise the work accountants and auditors do. Especially recently, it seems like every article about accountants is describing audit failures. There are hundreds of front page articles about alleged auditing mistakes, but none about  all the audits that are completed every year without any issues. Continue reading Accountants: Unexpected Heroes of the World

You may say that I’m a dreamer, but I’m not the only one.


Visiting Abbey Road in England

This week marks the 31st anniversary of the unspeakable tragedy when John Lennon was killed in New York City.  John Lennon was an integral member of the popular musical group, The Beatles. How does this relate to MPA, you might ask? Regardless of one’s personal opinion of John Lennon, there is a lot we can learn from him and the Beatles.

1. Teamwork. Steve Jobs said this about the Beatles and teamwork: “My model for business is the Beatles. They were four guys who kept each others’ negative tendencies in check. They balanced each other and the total was greater than the sum of its parts. And that’s how I see business. Great things in business are never done by one person, they are done by a team of people.” Continue reading You may say that I’m a dreamer, but I’m not the only one.

Thankful for Home

Thanksgiving brought a busy half week of engaging with family and avoiding anything explicitly school related. I returned to Austin late Saturday night, woke up Sunday and went to Starbucks to begin my last tax research memo!! As I turned on my computer and logged onto the Starbucks page, I found a fascinating video entitled Ripe for Change.

Since I am an expert procrastinator, the topic of anything but tax research caught my eye. Since I am from California, this topic of food production hits close to home. And as we just finished celebrating Thanksgiving, food seemed to be an appropriate topic. Watching the video, I found that the issues it addresses within the food industry are highly relevant to us as accountants.

One such issue is regulation. The tensions between the need for regulation and its burden have been prevalent recently, and are particularly relevant in the financial industry that many of us will enter from the MPA program.

In the documentary as multiple farmers comment on the same trend, for example mechanical picking, we see that there is not always a clear cut way to respond to the availability of new technology or situations; we even see that sometimes the alleged problem is not as obvious as it seems. Continue reading Thankful for Home

Beauty is in the Eye of the Beholder

Learning to accept average has been among my many lessons in this competitive program.

Much like the aforementioned idiom this post is more about perspective than it is about beauty. Since I’ve been in the MPA program I’ve had two interesting encounters with perspective:

1. A change in my perspective

When people used to ask me how I did on an exam or an assignment I would always compare to myself, generally my past performance or a goal. So someone might say “how did you do?” and I would think about how my performance stacked up and say “I did well” or “I didn’t do as well as I would have liked”.

In this program I have no idea what “well” means. Objectively my percentage of comprehension/retention of presented material is about 75% which to me seems awful, but we’re comparing apples to oranges in terms of amount material presented.

On the bright side the program does provide an alternative measure of performance: comparison to others. This is a less attractive option to me than self comparison because the people here are really smart, but it’s what I’ve got to live with. Now that I’m getting a better grasp of the curving system I always compare myself to the mean. It’s a very strange adjustment to make statements relative to average because historically average has never been my goal, but I try to remember that in this crowd average is still pretty good. Continue reading Beauty is in the Eye of the Beholder

Gratitude

I am thankful for my younger brother, Stephen.

As Thanksgiving rolls around, I think we all need to take some time out of our busy/stressful lives and remember what we are grateful for. You should think about what you are thankful for every day, but sometimes we get caught up in the shuffle and forget to do so.

In the spirit of the holiday, I will tell you five (of many) things that I am thankful for.

1. Family and Friends: The clichéd response, however, an important thing to be thankful for. I don’t know where I would be without my wonderful family and friends. I am loving all of my new (and old) MPA friends and I feel so blessed to have them in my life.

2. McCombs: Did anyone see the tower in orange last week and wonder why? It was in honor of the Princeton Review’s Best Business Schools: 2012 edition. McCombs ranked No. 1 for “Best Professors!” Next class, tell a business Professor “Thank you.”

3. Laughter: Considering I have mentioned laughter in 2 of my 2 blog posts thus far, it is probably clear that it is one of my favorite things. Never discount the importance of laughing everyday. Continue reading Gratitude