When All Else Fails, Go With Your Gut!

Professor Jeri Seidman
Professor Jeri Seidman

People don’t necessarily make better decisions when they are more informed. I think intuition is more important than information, most of the time. In the book, Blink, bestselling author Malcolm Gladwell talks about how people often make great decisions based on an inner feeling. It’s a really good read.

Anyway, I found this to be true (at least for myself) this semester.

I really like my Intro to Tax with Professor Jeri Seidman, not because I love learning about rules (or more appropriately, their exceptions) though the night, but because of the way they focus on preparing students for real work (and world) issues. For example, I was watching the MSNBC show, “Meet the Press” last week and David Axelrod, White House senior adviser, was talking about the some challenges associated with extending the Bush tax cuts. I appreciate some of the problems he was talking to a much larger degree now, more so because Professor Seidman had briefly talked about about them in class. And that feels good. Another speaker (whom I don’t remember now) was talking about why there there may be no real correlation between tax cuts and job creation, which I found pretty interesting as well. I ended up discussing some of these topics during an interview, and found myself really getting along with the person who was interviewing me! (Side note – regarding bringing politics into interviews – I would say…Please don’t do it!) However, the fact that I had an opinion was something that my interviewer really liked. And his responses and questions really helped me gauge the culture of the firm I was interviewing with. Basically, what I think I am trying to say is, I have found myself leaning towards firms for inexplicable reasons. People always talked about “culture-fit” and I thought that it was just a lot of nice sounding words. It’s not. Many of my classmates also talk about “gut feelings” and how they have helped make their decisions about which firms to join. I really believe that is what it boils down to for most people. Feeling comfortable.

So what is the culture at UT? Well, the culture is defined by the people here. And what words would I use to describe them?

Energetic? Yes, for sure.

Ethical? Yep.

Professional.

Fun.

But what makes faculty and students at UT stand out?

….Being here for three months, I would  say it is the standards they strive for.

So, if you ever find yourself trying to make a decision for school, work or anything else…and you have some tough choices, try narrowing them down based on instinct. And if UT is one of those choices, just think to yourself: Do I want to be with people who set the bar high? If you answered yes, then you would fit right in!

A Tuesday Evening Dialogue on Sweatshops and Consumerism

Every morning I receive a long e-mail from UT’s Office of Public Affairs with a list of campus events being held the following day.  As you can imagine, at a school like UT the list is very, very long.  Monday, Tuesday, Wednesday, Saturday, no matter which day of the week, the amount of activity on campus can be overwhelming.  One could easily fill an entire day moving from lecture to lecture, cultural events, art exhibitions, dance classes, and concerts.  When I do my daily e-mail check, I always take a cursory glance at the list, make mental notes about possible free food, and think wistfully to myself that under most circumstances I would certainly attend such and such an event if only I had the time. Well, on Tuesday there was listing that caught my eye, and I finally broke out of my passive stupor and took a small step further into the McCombs/UT community.

The event was called “Sweatshops and Consumerism,” a combination lecture/discussion hosted by Net Impact Undergrad, a socially and environmentally conscious student business organization.  Having spent several years doing anti-sweatshop work, I was pretty eager to gauge UT students’ attitudes toward labor issues and to hear the type of perspective Professors Patricia Wilson and Harry Cleaver, the two main speakers, would bring to the event.  Also, it was nice to give my brain a short break from accounting.

Overall, I found the structure of the event to be interesting.  Both professors spoke about the political and economic factors surrounding sweatshop factories in Mexico, and there were several occasions for the audience to break  into groups and discuss issues and pose questions.  Professor Cleaver placed the sweatshop issue in a classical post-colonial Marxist context, viewing sweatshops as a natural offshoot of our modern political system.  Professor Wilson presented a more holistic understanding of sweatshops in their local contexts, urging a more nuanced understanding of low wage off-shore manufacturing and emphasizing consumer choice as a possible solution to labor rights abuses.  Almost all of the undergraduates in attendance were engaged with the issues, which made me happy.  For a Tuesday evening, attendance at the dialogue was pretty impressive, with several dozen people in the audience, and there was a pretty good mix of undergraduates, graduate students, and faculty.

The discussion was 90 minutes well spent, and my break from the library didn’t seem to bring my semester crashing down around me.  With luck, I’ll be able to make time to take part in more campus events as the year progresses.

Class Spotlight: Intermediate Accounting

Intermediate Accounting–every time I hear these words, I can feel a chill going down my spine. It is probably the most challenging class I have taken in my life; yet, even though I spend some sleepless nights trying to unravel the concepts of Intermediate Accounting, I still find myself enjoying the class. So what is it about this class that makes it intimidating yet enthralling at the same time?

Professor Lisa Koonce
Professor Lisa Koonce

ACC 380K.1 is the Intermediate Accounting class that every MPA student takes. Some MBA students also take the class under a different course number, ACC 380D, but the content is basically the same. The course focuses mainly on examining issues in financial reporting and how these issues affect investor’s and creditor’s decision-making. We learn how to form conclusions about the company’s operations based on the information they provided on their financial statements. Furthermore, this class teaches you how to use basic accounting concepts and principles on a larger scale and in a real-world perspective, which makes the course more complex and challenging. As the accounting industry shifts to the adoption of IFRS, we also learn how these accounting applications would differ upon the official implementation of IFRS.

Students are evaluated based on three exams that are very challenging, homework assignments, and team cases, which engage students in using concepts we learn in class and accounting standards to solve issues that have no conclusive answers.

Professor Lisa Koonce makes class discussion interesting by providing us with examples derived from an actual company’s financial statements. She has taught the course almost every year that she has been at UT. According to Professor Koonce, “The real challenge [in teaching the course] is that we go quickly, so [my] goal is to give the essence of the topic in a short time period, enough so that students can work problems on their own and come to really ‘appreciate’ the topic.”

Professor Koonce thinks that the hardest topic in the course is “Deferred Taxes–it’s the difference between two sets of rules (GAAP and tax) over multiple time periods.  So differences of differences.” Continue reading Class Spotlight: Intermediate Accounting

A Rise in the Fall

Fall recruiting is beginning to ebb, a second round of midterm exams is coming to a close, and Thanksgiving is less than three weeks away. After two and a half months of frantic rushing around and playing a seemingly sisyphean game of catch-up, I am seem to be getting the fall semester under control. With a summer and more than half a semester gone, here are a few big-view observations about my first academic semester in the MPA program.

The fall semester is front-loaded:  In terms of time commitment and importance, the first month is the most significant of the semester, probably the most significant of the program.  Most of the key foundation-laying material in the accounting classes is taught in the first month.  Accordingly, there is a huge chunk of homework doled out in the first few weeks of class.  Students who are enrolled in 2-credit Finance classes will have their first graded quiz within ten days.  The first round of exams, including the first  intermediate exam–it’s a monster–come four weeks into semester.   

At the same time, recruiting is already in full swing by the end of August.  First are the meet-and-greets, where firms hold information sessions about their available positions and offices.  Then there are the actual job application deadlines and first round interviews, which generally fall between September and the first week of October. 

But, by the end of October, all of a sudden life seems a lot more manageable.   Continue reading A Rise in the Fall

Accounting: My New Pursuit

Sorry for my late posting. I was in and out of connectivity all week. If you read my last post, you can see that I was traveling a lot last week. But after this week, life will return somewhat to normal as the formal fall recruiting season for public accounting comes to a close. It has been quite a ride this semester, to say the least.

I thought for this blog post I might give a little background into how I fell into the accounting world. It’s not often you meet someone who studied public relations and Spanish as an undergraduate who is now pursuing a graduate degree in accounting.

When I started college, I went in thinking I wanted to be a journalist. I loved writing, and I thought journalism would be a great way to see and experience many different things in life. And I still believe that. Though as anyone who has followed the media industry these past couple of years knows, faster and more modern forms of media are overtaking newspapers.

Knowing this, I quickly changed my major to public relations. Studying public relations allowed me to stay within the College of Communication while pursuing studies that I found interesting. I was always pulled more toward the promotion and marketing aspects of public relations. As such, I decided that it would be a good idea to complement my degree with a minor in general business.

Here is where the story starts to come together. In spring 2009, I enrolled in the Fundamentals of Accounting class that all business majors and minors have to take. It changed my life! Continue reading Accounting: My New Pursuit

MPA Student Life Blog