New Audit Analytics Course Gives MAcc Students an Edge

Dr. Curtis Clements

Efficiency is the key to accounting and the current key to efficiency is analytics. As the field of accounting advances and changes, so does the software, and therefore, the subjects taught in the accounting major. Dr. Curtis Clements saw the need for a course in accounting analytics and began teaching Audit Analytics, a graduate level class, last fall.

He explained that, historically, accounting has determined accuracy of financial statements by utilizing sampling. However, with programs like Tableau, Alteryx, Excel, etc., it has become possible to obtain, clean, and analyze data much more accurately and precisely. With the business world transitioning quickly into the world of analytics, Dr. Clements found it important to provide an opportunity for students to gain experience in one of the emerging disciplines and most crucial parts of accounting.

That goal was certainly met. The class was given access to Dillard’s department store sales data (housed at the University of Arkansas). This gave the students a real world feel to analyzing and working with large data sets. Dr. Clements wanted the class structure to give information and tools that would be practical in the future for each student’s career. The positive feedback give by students for the class led to an upgrade to the course textbook, which will lead to more information learned to put into action in the workplace.

Anthony Rodriguez, Master of Accountancy major from Argyle, Texas, participated in the inaugural class and gave his seal of approval. “I really enjoyed the class. This past summer, during my internship at EY, I was selected as 1 of 60 interns nationwide to go to Hoboken, New Jersey to attend a training in auditing analytics. The software packages we were taught in training were Tableau and Alteryx. One of the things I took from the training was how much technology can impact an audit for the better. Also, as 1 of only 60 interns, I would have an advantage over some of my peers. The Audit Analytics course at ACU touched on some of those same topics- specifically Tableau. As the course went along, I realized that we were learning much of the same material Ernst & Young (EY) had deemed a worthy investment. From my short experience in New Jersey, I saw how technology will begin impacting how audits work. Clearly, if EY invested as much money as they did to develop their Digital Ambassador Intern Program, it seems as though the Big 4 accounting firms want to get a head start on this trend. It is really awesome that COBA and Dr. Clements have begun offering this course to ACU students. Our careers will only get more and more digital, so it’s great that ACU is offering this course to help set its students apart from the competition.”

Audit Analytics was a resounding success and Dr. Clements is working to make sure the class will continue improving and adjusting to meet the demands of the field in the future as the tools for accounting analytics advance. The Master of Accountancy program prepares accounting students to meet the demands of the field, in whatever type of firm or accounting career they seek to work in. Click here to learn more about ACU’s Master of Accountancy program.

 

Claire Shudde Wins “Improve ACU Competition”

Claire Shudde

On January 27th, senior chemistry major Claire Shudde entered the Improve ACU Competition and left with a cash prize of $500 and the opportunity to make her idea come to life. The competition was co-hosted by the ACU Student Government Association (SGA) and the Griggs Center for Entrepreneurship and Philanthropy. 

Mindy Howard, the Student Engagement Coordinator for the Griggs Center for Entrepreneurship and Philanthropy explained why they chose to create this competition. “We wanted to try and reach a larger sector of the student body and engage them in entrepreneurial thinking. The prompt was simply what are your ideas to improve ACU? We had 139 total entries and the finalists and winner were picked by the SGA student team. There were several really creative ideas submitted. Some of the top ideas included a community garden, a low-cost food pantry for students, and a student led spirit team at the ACU basketball games. Our hope was that students would take a moment to look around and see how their ideas could lead to real change at ACU. Every successful business, initiative or service starts with a great idea.” 

Claire told us, “My idea to improve ACU is to have selected accounting and business students help lower income citizens in Abilene file their taxes. Filing taxes isn’t always easy and for people who either don’t have the education or ability to file for themselves, it can be a daunting task. If students at ACU — ideally selected by faculty who have witnessed the student’s desire and ability to serve the community in this way — can help locals file their taxes, they can gain real world experience while also benefiting the community.” 

Shudde gave credit where credit is due for the idea. “I got the idea from a friend who attends St. Mary’s University in San Antonio. Their school is situated in an impoverished part of town and the students intentionally work on reaching out and ministering to the community. As a Christian school, I think ACU could follow suit and reach out to the community in this way. There is potential for this to be an incredible ministry in Abilene, and while accounting/finance majors help people with money, other students can minister to the people waiting.”

Claire continued, “I think the best way to establish this would be to partner with ministries like Love and Care or the Mission that are currently working and established. As a senior chemistry major, I am fairly far removed from accounting and finance, so I doubt I could be involved in the actual functioning of the tax clinic. Rather than be hands on myself, I would love to brainstorm with those who are knowledgeable in this area and will be in Abilene longer than me. I think breaking the ACU bubble in this way will benefit both the community and the ACU students involved. My hope and prayer is that through simple actions such as helping a single mom file for a tax return, people can experience the love of God. Isaiah 1:17 says ‘Learn to do good, seek justice, correct oppression, bring justice to the fatherless, take up the case of the widow.’ While setting up a tax clinic does not fix all the problems in Abilene, I think it would be a chance for christians to live out this charge. I hope that in a few years I can look back and see ACU taking steps into the community beyond just a tax clinic.” 

The ACU community often talks about the “ACU Difference”. Bright minded students who have a passion not only for ACU, but for making ACU and Abilene a greater place, are living, breathing examples of that difference. Congratulations to Claire Shudde on winning the competition! Want to learn more about the Griggs Center for Entrepreneurship and Philanthropy and how you can get involved? Click here to learn more.

 

“Why I Teach” Series Closing-Professor Appreciation

As we come to the end of our “Why I Teach” series, we (the student workers, Katie Norris and Maddy Crockett) wanted to take a moment to appreciate the professors. 

Each and every one of the professors works endlessly and dedicates their time to us and for us. We have compiled a few comments from students around COBA to give snippets of appreciation for their professors. Many professors are not mentioned-but nevertheless, they are just as appreciated. 

 

Dr. David Perkins 

“Dr. Perkins was my first accounting professor in COBA. The thought of taking an accounting class was terrifying to me, but thank the Lord for Dr. Perkins. His heart is so gentle and kind and he cares SO much. He truly wants the best for his students and that is so evident in the way he builds relationships with them.” – Presley Davis, junior management major

“I appreciate Dr. Perkins’ attention to detail when it comes to teaching and making sure the class understands what is being taught.” –  Sam Onstead, freshman financial management major

 

Dr. Dennis Marquardt

“He has given me great advice on pursuing my career and I always loved his class. He is always motivated and excited and he is also very personal with everyone in class.”  – Joseph Crockett, sophomore management major

“He always sees the best in everyone and is a great listener!” – Bryce Adams, junior financial management major

 

Dr. Ryan Jessup

“Dr. Jessup cares deeply about good education and teaching students to think critically. He has challenged me personally to think more intentionally about my education, career, and faith. Furthermore, he has taught me about the importance of making good decisions in business and in life. His classes are rigorous and challenging, but very rewarding. I appreciate Dr. Jessup’s desire to help students truly learn.” – Luke Stevens, senior marketing major

“I appreciate Dr. Jessup because he really cares about his students and he does a great job of keeping us engaged throughout the semester. He is willing to help his students when we ask. Dr. Jessup is a great example of a professor who teaches us about marketing as well as challenges us in our faith.” – Sloan Polvado, senior marketing major

 

Dr. Andy Little

“It is clearly evident that Andy cares about his students by the way he shows up and shares his knowledge with us. His class made me love learning about law! I appreciate him!” – Emily Goulet, junior accounting major

 

Dr. Don Pope

“I appreciate how Dr Pope creates intrigue behind business stats and engages his class in exercises to better understand the advertising and business world we live in through stats.” – Ben Fridge, sophomore financial management major

 

Dr. Katie Wick and Dr. Monty Lynn

“Shoutout to Dr. Wick and Dr. Lynn for making my mornings really awesome!” – Jose Rodriquez, Freshman

 

“Why I Teach” with David Perkins

Dr. David Perkins

A common theme among our faculty members is how many of them did not plan to become a professor after graduating college. This, too, was the case for Dr. David Perkins. In fact, teaching wasn’t even a thought for him until a position opened up at Harding University, his alma mater. When the dean called and asked him to teach principles of accounting, Perkins was almost through his MBA program, so he accepted the temporary position for a year. “That phone call was a life-changing event for me. I look at it as God giving me a nudge to consider teaching as a career”.

Perkins taught at Harding for 15 years after that, then joined the COBA family during its initial work to become AACSB accredited. His friend and college classmate, Dr. Monty Lynn, was a good contact for him at ACU while Perkins was making the arrangements to join the COBA faculty. Dr. Perkins was ready for a change, and has never regretted getting on board with COBA’s vision for excellence. He currently teaches Financial Accounting to undergraduates as well as graduate classes in the Master of Accountancy (MAcc) program and has led students on numerous study abroad programs with COBA.

When Perkins began to think about the impact of faith in his journey, he shared that it was humbling experience. “God opens doors of opportunity and sometimes he shuts others. That certainly helps with the decision-making process.” It is difficult for him to imagine what life would be like without faith, as it has played such a core part of his journey. He stressed that his faith doesn’t guarantee that he won’t ever doubt; still, in the midst of doubt, growth can be found. “God is my anchor” Perkins said. “Even when I stumble or stray, I know where to find Him… right there where He’s always been.”

Dr. Perkins explained that he enjoys teaching accounting not only to help students prepare for their future careers, but also in giving them more tools to make a better life. While initially Perkins wasn’t sure how different his teaching method was from other accounting classes at public schools, he’s been able to be more intentional about planting seeds in students’ minds that can grow into faith. He explained that in class,  he will “Try to apply the topics we cover to real life decisions so they will be positioned to make good choices.” Students who have had Perkins in class fondly recalled the ‘sermonettes’ he shared with them from time to time and were grateful for the weekly Bible study he offers outside of class for anyone willing to attend. 

Dr. Perkins with students this summer during Study Abroad to Oxford and Leipzig.

Dr. Perkins explained that his desire for students is for them to see college as an opportunity to develop their God-given skills – even if they don’t know what they want to do yet. He remembered being in a similar position at their age, of being unsure about what life would look like after college. His best advice was this, “Develop your talents, develop your character, develop friendships, develop your faith… then see what opportunities God brings your way”.

ACU is fortunate and thankful to have Dr. Perkins – not only for his knowledge and wisdom, but for his character and heart for his students.

Q&A With a December Grad: Lexi Koon

Lexi Koon, graduating senior accounting and major from Denver, Colorado.

Lexi Koon is a senior accounting and management major with a concentration in entrepreneurship from Denver, Colorado. She is in the integrated Masters of Accountancy program and wants to pursue a career as a CPA after graduation. We asked Lexi a few questions about her time at ACU. Read her answers below!

Q: How has your education at ACU, especially in your department, prepared you for the future?
A: My education at ACU has taught me a lot about learning how to see the world from other people’s perspectives and to be a better listener. That applies primarily to my classes outside of my business classes such as my bible classes, my communications classes, and other electives I have had to take over the years. As far as my education in the accounting department, I feel as though I have been prepared by the accounting department to understand the technical skills I will need to further my career as a CPA. It feels really great to come out of four years of school and know that I actually have the skill sets to be successful in a specific field and to also know that I will use what I learned in those classrooms every day in my career. In the business management department, my professors prepared me for my future by exposing me to different aspects of business as a whole, they inspired me to set extraordinary goals and challenged me to dream big (like in entrepreneurship class with Jim Litton), and above all else, they prepared me by showing me they believed in me.
Q: What has been your favorite thing/memory about your time at ACU and COBA? 
A: Wow, that is a really hard question. I don’t know if I can necessarily pick a favorite, but it’s more-so a combination of all the times professors tried really hard to make bad jokes in class, when they invited us over for “Grilleniums” or when they invited us to worship events at their church. My most cherished memories have been when professors stopped class to give us a “real talk” about life or when they shared what was going on in their lives to give us encouragement in ours. My favorite experience at ACU by far has been getting to have my professors over and over again in class and building relationships with them to where I know they actually care about their students. From book club with Dr. Laura Phillips to bible study with Dr. Easter, they all have made a huge impact on my life as a student at ACU. The professors at ACU are funny, they are thoughtful, they are kind, and they are beyond caring.
Q: What was your favorite class in the accounting department?
A: Answering this question is difficult because the professors are all so different. All of the professors are great and they all bring a different character to the classroom. Content-wise and professor-wise, I would have to say Income Tax with Dr. Fowler has been my favorite class as an undergraduate. I dreaded having to take that class because, well, who wants to learn about taxes? I found that Dr. Fowler is one of few people in the world who can actually make learning about tax fun. He made us laugh almost every day and he challenged us, but he also believed in us. I’m also currently in his Corporate Tax class in the MAcc program and I can say that may be the hardest class I have ever taken but I still love it because he teaches it and constantly re-affirms us that we can do it.
Q: Who was your favorite professor and why?
A: I spoke a little about Dr. Fowler in that last question, but to answer this question, Dr. Fowler was my favorite professor because he went above and beyond to make us know that we are more than just a number in his class. He is typically known for teaching some of the hardest classes in the accounting department but he is also the professor that sends us emails to tell us he believes in us, that he is proud of us, and that he is here for us. Almost every day in class, he tells us a funny story to make what should be boring content enjoyable, and several times throughout the semester he has stopped class to point out seasons of celebration in our own lives and other times he took the time to be real with where he’s at and the hardships that life faces us all. He made our classes become family and I would go back and take those extremely hard classes again as long as I knew he was teaching it.
Q: If you could talk to a prospective student considering coming to ACU, why would you tell them to choose ACU?
A: I would tell them to choose ACU because it is like no other college they will go to. The “ACU Difference” is the community that you find along the way. This should be apparent in my responses from earlier questions, but the professors, the faculty, and the students have shown me what it is to look at those who are different from me and want to learn from them, to learn how to love them, and to be surrounded by a circle of people who have your back 100%. As I leave ACU, I feel completely supported and surrounded by an extraordinary amount of love and I am thankful. You will never be a number here. The first year is tough at any college, but as you continue to grow your experience here, you will walk around and be known, and that is what the walking in the Kingdom looks like.

Tales from Abroad: COBA goes to Australia and New Zealand

Our last installment in our COBA Study Abroad series highlights the MAcc (Master in Accountancy) trip to Australia and New Zealand, led by Dr. Curtis Clements and Dr. Kyle Tippens. MAcc students received credit for International Accounting and Financial Reporting and International Financial Markets. We can’t think of a better way to learn about global business than being immersed in it! We asked Dr. Clements to tell us what it’s like to learn in the land down under.

 

What made your destination a unique place to study?

We didn’t really have a home city.  Instead, we traveled to three cities:  Sydney and Melbourne in Australia and Auckland in New Zealand.  We chose Australia and New Zealand because we had business contacts there and for their diverse cultures.

 

What businesses were you able to visit? 

We visited a number of companies and organizations.  These include PWC, KPMG, EY, the Sydney Wool Exchange, The Australian Accounting Standards Board, The Australian Auditing Standards Board, ANZ Bank, Australia-New Zealand Chartered Accountants, and Xerox.

 

Did you take the students on any sight seeing tours? 

In Sydney we went to Taronga Zoo.  Taronga is a world-class zoo with many different animals from around the world.  We also took a nighttime harbor cruise during the Vivid Sydney festival, which was outstanding.  In Melbourne, we took a trip outside the city on a train powered by a steam engine.  In New Zealand, we toured Hobbiton where the Lord of the Rings movies were filmed as well as the Hobbit movies.  We also went to the Te Puia Maori Village‎ cultural center in Rotorua.  On their own, the students also traveled to the Blue Mountains, Manly Beach, and Bondi Beach in Sydney.  They attended an Aussie Rules football game, went to Brighton Beach, and watched the penguins come ashore in Melbourne.  In New Zealand, the students traveled to several locations outside of Auckland.

 

What is it like to be able to spend so much time with students in another country? How does it differ than being in a classroom setting in Abilene?

The experience was outstanding!  You get to know the students so well and they get to know you beyond what they see in the classroom.  It allows you to speak into their lives on a much deeper level.  We learned so much about the students and, hopefully, they know us and our families better.

 

What were your favorite moments/experiences of the trip?

Two things stood out for me.  First, my wife and I were able to renew friendships with people we haven’t seen in 27 years.  As far as the academic part of the trip, there are so many things that were enjoyable and informative.  I don’t think we had a bad visit and it is really hard to point to one thing.  It was interesting as I was reading the students’ journals as they would say, “This is the best thing on the trip!”  And then just a day or two later, they would say the same thing!  As far as the sightseeing, I would have to say the trip to Hobbiton was the best thing we did.

 

If students could only learn one thing, what do you hope they learned?

That we live in an interconnected world.  This is especially true in business. As an aside, I also hope they learned that what we teach and tell them in class really matters!

 

Anything else I’ve forgotten to mention that you would like to talk about?

We have some outstanding students!