Master in Professional Accounting Admissions News

Insider Information for Prospective Texas McCombs MPA Students

Tag: accounting degree (page 2 of 3)

Meet MPA Alumna Rachel Ybarra

Excerpted from the original publication in Texas McCombs Alumni News.

Originally from San Antonio, Rachel Ybarra began her journey at McCombs while pursuing her accounting degree. From there, she went on to work for AT&T, where she excelled into a senior leadership role before launching Embrace Any Future, a boutique financial strategy and consulting firm.

Notable quotes from Rachel regarding the accounting program at Texas McCombs:

“UT Austin has an exceptional Accounting Program, number one in the nation. To attend the program was such a privilege.”

“UT’s accounting program has always been a trendsetter. Thirty years later, I still see the business school striving to new heights.”

“Going to a great school and prestigious program opened many doors and my education and the rigor of the accounting program made the transition to a highly competitive Fortune 20 company feel natural.”

Read more about how Texas McCombs shaped Rachel’s future.

 

Peek into the Classroom: Corporate Tax

As a student in the MPA program, you can take many interesting and challenging classes that will help prepare you for a successful future in accounting. One such class is Corporate Tax. A fundamental aspect of all financial transactions is the tax cost of the transaction. Understanding how businesses and individuals are taxed is crucial for accounting professionals. Corporate Tax, focusing on the taxation of C corporations and their shareholders, is taught by Professor Donna Johnston-Blair, an MPA student favorite.

In Corporate Tax, students learn about the life cycle of a corporation from a tax perspective. The class starts with the tax consequences of incorporation. The next step in a C corp’s tax life cycle is the calculation of a corporation’s taxable income (students even practice preparing a corporate tax return). Professor Johnston-Blair also explores various strategies that C corps and their shareholders can employ to minimize their tax burden, including deferring income, accelerating deductions, and taking advantage of tax credits.

In the second part of the course, the focus shifts to the tax consequences of corporate distributions and then, the corporation’s end (aka, liquidation). These transactions create unique tax consequences for a corporate shareholders. Understanding these consequences can set an accounting professional apart from their peers.

While learning the corporate tax rules, students also explore ethical and professional issues that arise for tax professionals related to tax evasion, tax avoidance and tax fraud.

“Donna brings everything I learned in tax together. She’s always available inside and outside the class and provides thorough explanations and constructive advice. She is the most charming and lively professor I can ever ask for! My MPA experience would not be the same without her!”
– Letitia Wu, MPA Student

Corporate Tax provides MPA student with a comprehensive understanding of taxation of C corps. Professor Johnston-Blair encourages class discussion and incorporates real-life examples to help students understand both the complexities and the nuances of C corp taxation.

Taxation of Entities 1 Class

Taxation of Entities 1 Professor Johnston-Blair in action!

Does this class sound interesting to you? If you are exploring a future in accounting and want to know more about how the MPA program can help you reach your career goals, attend an info session or meet with admissions.

REGISTER: Accounting ++ “?” Webinar

This spring, the Texas McCombs MPA Program has been hosting the “Accounting++” series, to introduce students to various careers in which accounting knowledge is valued. At each event, we highlight a career path that benefits from having a master’s degree in accounting (MPA). Our final event is titled Accounting ++ “?”. If you are thinking of choosing a major or applying to the MPA program, register now to hear from accountants with diverse backgrounds working in a variety of areas to get your questions answered.

Event Details:
Tuesday, April 4, 2023
5:30 – 6:30 pm CT

Register Now!

Meet the Panelists!

BillBill Fan
Tax Analyst, SpaceX

SpaceX designs and builds its reusable rockets and spacecraft. Their goal is to reduce space transportation costs to enable the colonization of Mars. Bill works in their tax function to ensure that SpaceX is both meeting its tax reporting and compliance obligations and operating in a tax-efficient manner.

 

VirginiaVirgina Hoskins
Director, Department of Physics, UT Austin

The Physics Department at UT is an internationally recognized research college and ranks highly in the National Research Council surveys of doctoral programs in the US. Virginia’s work ensures that the Department can meet its current and aspirational goals, by stewarding its financial processes.

 

NikkiNikki Ellis
Tax Manager, Deloitte

Deloitte provides tax compliance and consulting services to public and private companies. Digitization, ESG, and workforce mobility fundamentally affect the taxes companies pay and make this an interesting and challenging area of work. Tax professionals are their client’s strategic advisors. They work to assess their client’s tax obligations accurately and efficiently, ensuring that they are well served and that governments have the resources to meet their operating needs.

 

CedricCedric Kudowor
Senior, Accounting & Reporting Advisory, Deloitte

Deloitte provides audit and assurance services to help organizations ensure that their businesses operate efficiently and profitably, following applicable governing standards. Auditors, by verifying and testing the information in financial and other regulated reporting, enhance the trust placed in the financial markets and, in so doing, help a multi-trillion dollar capital market system function with greater confidence.

 

JohnJohn Strother
Senior Consultant, Modeling Advisory, Deloitte

Deloitte’s valuation and modeling services teams work with clients to better forecast and analyze various data points to better understand risks facing their businesses, to reduce costs, and to accurately price acquisitions and sales. Their clients include public and private companies in industries such as private equity, real estate, manufacturing, and technology.

Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world’s most admired brands, including nearly 90 percent of the Fortune 500 and more than 7,000 private companies.

REGISTER: Meet Texas McCombs MPA Faculty

Want to hear from faculty who teach in the Master in Professional Accounting (MPA) program at Texas McCombs? Join us on Wednesday, March 22 from 5:00 – 6:00 p.m. CT as distinguished faculty discuss the program’s curriculum, what you’ll learn in the classes they teach, and how earning an MPA degree from UT Austin will set you up for success in the workforce.

Register Now!

Meet the panelists:

braden

Braden Williams
Associate Professor of Accounting

Braden Williams is an Associate Professor of Accounting in the McCombs School of Business. His research examines the way that firms respond to tax incentives and tax enforcement—frequently in a multijurisdictional setting—and has been published in top accounting journals. He has taught introductory and corporate tax classes to students in the BBA & MPA programs.

 

Lisa Lisa Koonce
Professor of Accounting

Lisa Koonce, Deloitte and Touche Endowed Chair in Accounting, has earned a number of awards and has been consistently elected to the McCombs MBA Program Faculty Honor Roll since 2000. Her research and teaching interests include the judgment and decision making implications of financial reporting. Dr. Koonce’s teaching interests are financial accounting and judgment and decision making in accounting.

 

SaraSara Toynbee
Associate Professor of Accounting

Sara Toynbee’s research examines how recognition, measurement, and disclosure issues in financial accounting influence the usefulness of financial reports. She also has research that examines the determinants and consequences of the matching process in the executive labor market.

 

zachZach Kowaleski
Associate Professor of Accounting

Zach Kowaleski studies the effect of the institutional setting on behavior using the audit and broker-dealer settings. His work has been published in numerous accounting journals. Zach teaches Auditing and Assurance Services. Zach was formerly an Economic Research Fellow at the Public Company Accounting Oversight Board and worked 4years in PwC’s audit practice.

A Master in Professional Accounting Degree = More Opportunities

It can be a challenge to design the best plan for your future. If you’re into numbers and the stories they tell, you may find that the Texas McCombs Master in Professional Accounting (MPA) degree program is a smart choice. Here’s why we think you should take a closer look:

An MPA degree makes you attractive to top organizations.

Accounting is the lifeblood of virtually every company in every industry. Organizations need accountants to track finances, predict future transactions, and evaluate performance. Without highly qualified accountants, businesses have a hard time growing or even surviving. A graduate from the top-ranked Texas McCombs MPA program will be in demand for years to come.

The MPA degree gives you the luxury of choice.

With an MPA degree from Texas McCombs, you’ll have a variety of roles to choose from in areas such as public accounting, industry, consulting, finance and government. Here are some examples of positions your MPA degree could help you secure:

  • Internal Auditor—the employee that’s indispensable to senior leadership and the board of directors. As an internal auditor, you investigate and report, giving leadership key information for important decision-making.
  • Staff Accountant—this role holds more credentials and trains for higher-level tasks than a general accountant. As a staff accountant, you’ll soon advance to more senior positions and management roles.
  • Controller—this powerful management role oversees all accounting employees and processes.
  • Restructuring Consultant—this role points the way when making major business decisions. Restructuring consultants make financial projections and cash forecasts. They also analyze financial data, perform financial reporting, and conduct data mining and research.
  • Tax Consultant—this role helps keep businesses safely legal with tax-related issues, including compliance and regulations, and determining taxes owed.
  • Risk and Financial Advisor—this is another role that informs big decisions. As a risk and financial advisor, you would help organizations reduce or wisely manage their financial risk.

Wondering how well the MPA Class of 2022 is doing?

98% of the MPA Class of 2022 received job offers within three months of graduation!

What’s the next step in planning your future?

This may just be the beginning of your research. If you want to know more about how the MPA program can help you reach your career goals, attend an info session or meet with admissions.

Austin: Ranked Best U.S. Job Market

Austin landed among the top large cities in the Wall Street Journal’s annual job-market rankings for three years running!

The best place for Gen Z to find a job? Austin, Texas! Home of the McCombs School of Business, Austin was ranked as the best labor market in 2021! Considered one of the top cities for entry-level growth, Austin is home to a number of big companies such as Dell, Oracle, Amazon, Google and Tesla. Austin is also considered one of the most vibrant cities. From our live music, to endless outdoor activities and delicious food, Austin is a great place to call home.

Also ranked at #1 in the nation is our accounting program! Accounting is the backbone of a company and is needed in every industry. Accounting is in high demand for most businesses and provides a stable rate of employment. Earn your master’s degree in one of the top-ranked cities in the nation.

If you’re interested and want to learn more, register for one of our info sessions. You will learn more about the program, admissions process, curriculum, and career outcomes, as well as what life is like at McCombs.

Visit the Texas McCombs MPA Program…In Person or Virtually!

If you’re interested in exploring the Texas McCombs MPA program and would like to visit us here in Austin or from afar, we have several options for you!

In Person Visits

Would you prefer to see the UT campus first-hand? Submit our in-person visit form at least two weeks in advance, and we will customize a visit schedule based on your preferences.  Meet with MPA admissions, academic and career staff, take a tour of McCombs with a current student, walk around the Forty Acres, and more!

Virtual Visits

Are you unable to visit Austin in person? View a virtual tour of Texas McCombs and take a virtual stroll around the University of Texas at Austin to see what makes us a premiere destination. Reach out to an admissions ambassador to set up a Zoom call or attend a virtual panel to learn more about the student experience.

Learn more about the McCombs School of Business, Master in Professional Accounting program, and living in Austin by visiting our website.

AICPA Legacy Scholarships: Apply Now!

If you are seeking scholarship opportunities for the Texas McCombs MPA program, be sure to check your eligibility to apply for an AICPA Legacy Scholarship. The scholarships have a March 15 application deadline and are limited to U.S. citizens and permanent residents. Scholarships include (but are not limited to):

  • The John L. Carey Scholarship provides financial assistance to liberal arts and non-business undergraduate degree holders who are pursuing both graduate studies in accounting and CPA licensure.
  • The AICPA Scholarship for Minority Accounting Students provides financial awards to full-time minority students pursuing an undergraduate or graduate degree in accounting or an accounting-related major.
  • The AICPA Foundation Scholarship for Future CPAs provides financial assistance to undergraduate or graduate degree students interested in pursuing the CPA license after graduation.
  • The AWSCPA Scholarship provides financial assistance to outstanding female students majoring in accounting or an accounting-related field.

We encourage you to apply and check for other scholarships through the national scholarship search.

REGISTER: Virtual MPA Info Session on August 10

With GMAT and GRE scores now being test optional for the traditional Master in Professional Accounting (MPA) program from Texas McCombs, join us at a virtual info session on August 10 from 5:00 to 6:00 p.m. CT to learn more about the MPA admissions process and how to make your application stand out. You will also hear about the program’s curriculum, recruiting for jobs and career outcomes, as well as what life is like in Austin.

REGISTER FOR INFO SESSION

In the meantime, you can learn more about test scores being optional on our blog, and you can sign up for a one-on-one admissions consultation with Jasmin Blas-Mendieta, MPA’s Senior Recruiting and Admissions Officer.

We look forward to meeting you soon!

Meet Current MPA Student Tabetha Wilhelm!

Tabetha Wilhelm grew up around accounting, so when it came time to earn her master’s degree, she had one program in mind: Texas McCombs MPA. Read on to learn more about Tabetha and life in the Master in Professional Accounting program.

 

WHERE ARE YOU FROM?
I’m from San Antonio, Texas!

WHAT SPARKED YOUR INTEREST IN ACCOUNTING?
I come from a family of accountants and small business owners, so accounting has been part of my life whether I knew it or not. My dad earned his accounting degree in Germany in the ’60s before he immigrated to Texas.

WHY DID YOU CHOOSE TO ATTEND THE TEXAS McCOMBS MPA PROGRAM?
The Texas McCombs MPA Program has been my dream program since I started college. I could have worked on a master of accountancy at several different schools in San Antonio, but I knew that coming to Austin was the right choice because I knew I would have top tier professors. Plus, the design of the program provides the opportunity to take courses in the areas of accounting that I am interested in studying and I’m not regulated to a set pre-determined set of classes. I do have required coursework, but the ability to take and the access to elective business and accounting classes stands out compared to the other programs where I was admitted.

Tabetha Wilhem Graduation

WHAT HAS YOUR FAVORITE CLASS BEEN SO FAR AND WHY?
Corporate Tax (aka Taxation of Entities-I). Professor Johnston-Blair is wonderful and makes class so much fun. I don’t think I’ve laughed so much in an accounting class in my life!

WHAT ARE YOUR POST-GRADUATE PLANS?
Over Spring Break, I accepted an offer to join the EY tax team in their San Antonio office, and I am scheduled to start in July 2022!

WHAT’S YOUR FAVORITE PLACE ON CAMPUS?
I have many favorites when it comes to UT’s campus. I love Littlefield Home because I’m a sucker for Victorian architecture, and I also loved having class in Rowling Hall (the McCombs School of Business graduate building). The benches outside the Harry Ransom Center are also a nice quiet place to have lunch outside (and hey, we have a Gutenberg Bible in the HRC!). The turtle pond behind the tower is also a great place to visit.

ANY TIPS FOR THOSE LOOKING INTO THE PROGRAM?
There’s a reason why the MPA program is so highly rated; our professors are amazing and on top of being great educators, they also have the professional experience to back up their knowledge. The career services and networking available to MPA students has already been incredibly useful.

Learn more about the MPA program by attending an event or meeting with the admissions team. The application for fall 2023 admission opens this August!

Older posts Newer posts