COBA Celebrates the MAcc Graduating Class of 2018

COBA honored the MAcc (Master of Accountancy) class of 2018 at a luncheon on Thursday, May 3rd that was sponsored by KPMG. Special guest speaker was Cliff Crockett (’89), Partner at KPMG and father of graduating MAcc student, Daniel Crockett.

Cliff Crockett

Mr. Crockett gave the students 10 tips for success as they begin their careers.

  1. Character and integrity count. Be trustworthy and admit your mistakes. “Blessed is the one who does not walk in step with the wicked or stand in the way that sinners take or sit in the company of mockers, but whose delight is in the law of the Lord, and who meditates on his law day and night. That person is like a tree planted by streams of water, which yields its fruit in season
    and whose leaf does not wither—whatever they do prospers.” Psalm 1:1-3
  2. Establish goals and learn to manage yourself and your career. Begin with the end in mind and ask yourself where do you want to be in 5 or 10 years? Reassess  your goals at different points along the way. Invest in and work to continually improve yourself. Root your goals in prayer and God.  “Commit to the Lord whatever you do, and he will establish your plans.”Proverbs 16:3
  3. Find a mentor(s) inside and outside of your employer, preferably someone older who can give you different perspectives. As you grow older, find someone you can mentor.
  4. What are your priorities in life going to be? Your priorities reflect where you spend your time.
  5. Be a lifelong learner. Always seek to learn something new. Continue to learn and cultivate your relationship with God.
  6. Be a servant leader. Put others first and be an encourager. Be salt and light in the world.
  7. Remember where you came from. Remember your roots – especially ACU. Stay connected to and be proud of being an ACU graduate. Remember the investment others have poured into you and pay it forward to the next generation of students that come through ACU.
  8. Stay involved with your church and community.
  9. Remember to give back. Give of your time and talents, not just your money. Make giving back the first thing you do – be intentional about it. Remember who your money belongs to.
  10. Keep your eyes on Jesus. Everything falls in to place if you keep your eyes on Jesus. “Therefore, since we are surrounded by such a great cloud of witnesses, let us throw off everything that hinders and the sin that so easily entangles. And let us run with perseverance the race marked out for us, fixing our eyes on Jesus, the pioneer and perfecter of faith. For the joy set before him he endured the cross, scorning its shame, and sat down at the right hand of the throne of God.” Hebrews 12:1-2

Kaitlyn Renner Allen and Dr. John Neill

Dr. John Neill presented the Outstanding MAcc Graduate of the Year award to Kaitlyn Renner Allen. As an undergraduate student, Kaitlyn majored in Accounting while maintaining a perfect 4.0 GPA throughout the undergraduate and graduate accounting programs. She was President of Beta Gamma Sigma Business Honors Society; a member of Phi Eta Sigma Academic Honor Society; and a member of GATA Women’s ACU Social Club.  She has received the following honors: Dean’s Honor List; R.L. Money Chancellors Award; Valedictorian Scholarship, Accounting Education Foundation of the Texas Society of CPAs scholarship, and the Abilene Chapter of the Texas Society of CPAs award. Last spring, she had the opportunity to intern with PwC in Dallas and she has accepted a full-time position as a Tax Staff Accountant in the Ft. Worth office starting this July.

Dr. Scott Stovall reads his blessing over the graduates

Dr. Scott Stovall gave this blessing over the graduates:

We accounting and finance faculty offer you our blessing.  It has been an honor to teach and serve you.  Your spirit, your curiosity, and your servant heart have lifted us up while you have been here.  Your attitude has amazed us and perhaps a few times disappointed us.  As you prepare to leave us, we ask that you remember a few things.

First, remember that God is Sovereign over everyone and everything.  As one of His children, your sole purpose on this earth is to glorify Him.  As you begin your career, remember to be the best professional that you can be.  God has called you to do everything as though you are doing it for Him.  Should you choose to marry someone and raise children, ground those relationships in God’s love.  Follow the advice that my grandfather once gave me and choose a mate who will help you, and who you can help, get to Heaven.  Show your children (and your grandchildren) what God is like.

Second, remember to take great care about wealth and money.  Don’t live beyond your means.  God will bless some of you with the talent to make money, and we hope that you in turn bless God’s Kingdom with that talent.  On the other hand, there may be no greater threat to your spirituality than to become entangled by pursuing wealth and things.  Jesus likened riches to weeds that can choke out the Word of God.  Using Paul’s words to Timothy, remember that, “…godliness with contentment is great gain.”

Third, remember that Jesus is your salvation.  You will fail many times over your lifetime.  Remember that in Christ, failure is victory.  You will glorify God if you remain in His grace.  There is no failure, mistake, or sin from which Christ is unable to redeem you.  God is always, ALWAYS waiting on you.

Finally, remember that we faculty, your COBA family and your Christian brothers and sisters love you.  Hold each other accountable.  Be transparent with weakness.  Show strength by reaching out to others for help.  Although you are graduating, treat us as a “city of refuge” to which you will travel to share both joy and sorrow.  Be good stewards of the reputation you now have as MACC program graduates.

With paraphrased words of our Savior from many years ago, Dear Father:Bless us to be poor in spirit, for ours is the kingdom of heaven. Bless us to be mournful, for we will be comforted. Bless us to be meek, for we will inherit the earth. Bless us to hunger and thirst for righteousness, for we will be filled. Bless us to be merciful, for we will be shown mercy. Bless us to be pure in heart, for we will see God. Bless us to be peacemakers, for we will be called sons (and daughters) of God. Bless us as we are persecuted because of righteousness, ours is the kingdom of heaven. Amen.

The MAcc Class of 2018

Graduates, your adventure begins now. Congratulations to the Master of Accountancy graduating class of 2018!

To download and/or order prints of pictures from the luncheon, click here.

Personal Finance Has Never Made More Sense

Personal Financial Planning (FIN 416) is an introduction to the methodology and discipline of personal financial planning. The class focuses on the comprehensive and ongoing planning process that seeks to quantify personal financial objectives. Dr. Kyle Tippens has taught Personal Financial Planning for several years. Tippens was personally motivated to teach this class because it covers a topic that he has always been interested in and researched. He had spent a lot of time talking with his colleagues about real-world financial matters that affected them and is always trying to figure out how to save for the future in the best way possible.

Dr. Kyle Tippens, Professor

In Personal Financial Planning, Tippens begins with what the Bible has to say about money. “We talk a lot about stewardship, giving, and what those mean for those who live a life called to Christ and practical ways to put those in practice,” said Tippens. Students learn how to plan for themselves and about all of the seemingly-daunting financial decisions they will soon start to make. They learn about savings and checking accounts, budgeting, what insurance to buy or not buy, how to save for retirement, estate planning, and much more. Tippens wants students to understand that finances do not have to be overwhelming. Breaking it down into pieces helps to demystify finances and students often realize that it is not as complicated as people make it seem. “Students often describe this class as the learning-how-to-be-an-adult class,” said Tippens. “At the bottom line, it is about how to be out in the real world and not be overwhelmed by all of the choices that will be available to you.”

Many students who have taken Personal Financial Planning have contacted Tippens after graduation and tell him how they have used materials from the class just weeks after graduating and feel more ready and prepared than most of their peers. Aric Wilson, a sophomore management major from The Woodlands, is currently taking Personal Financial Planning. “I was amazed by how many everyday things that I will definitely need to know after graduation that I had no clue about,” noted Wilson. “This class is about life and how to succeed in the future and I feel much more prepared for taking it.” Wilson also appreciated how Tippens teaches the class using personal examples from his life and believes that the reason he gets so much out of the class is the way Tippens works hard to teach it in relatable ways. Even though there are so many practical topics that are thoroughly covered and explained in Personal Financial Planning, Tippens hopes that a student’s biggest takeaway from the class is the importance of generosity, saving, and living beneath their means.

Another unique aspect of Personal Financial Planning that it has no prerequisites, which is very unusual for a 400-level finance class. “Regardless of your major,” explained Tippens. “If you focus on the class you will do well. There are no incredible math skills necessary.” For this reason, Personal Financial Planning is a popular elective all around campus. Students of all majors have registered for the class to learn more about preparing for their future. Olivia Dahl, a senior biology major from Round Rock, took Personal Financial Planning because she wanted to be prepared to succeed financially, especially as she enters medical school soon. Dahl believes that this class is the most practical one she has taken during her time at ACU and would encourage others to take this class because it is an easy way to be exposed to important information. “Dr. Tippens made it easy and painless to learn,” Dahl said. “It was obvious that he wanted to give us this information so that we could be prepared for the future. I would tell every student that has room in their degree plan to take this course.”

Personal Financial Planning is offered in both the fall and the spring. There are no class prerequisites but, to enroll, a student must have already completed 72 earned hours. The practical nature of the class and the dedicated, Christ-centered instruction from Dr. Tippens make Personal Financial Planning an invaluable class to students from every major at ACU.

Ruth Allen Griggs Scholarship Luncheon Promotes Giving Back

COBA donors, scholarship recipients, Dean’s Council, and faculty and staff gathered on Thursday, March 22nd, at the annual Ruth Allen Griggs Scholarship Luncheon. The luncheon, inspired by the memory of the hospitable Ruth Allen Griggs, seeks to honor the spirit of generosity and to encourage others to give back. Each table was buzzing with discussion as students, donors, and faculty members conversed about their experiences at ACU and why giving is so important.

Ann Griggs, Ann Berger Griggs, and Jack Griggs

Students Anna Hornell, junior management major from Fort Worth, TX, and Darius Bell, senior computer science major from Frisco, TX, represented students who have received COBA scholarships, speaking to the audience about what receiving those scholarships has meant to them and the impact that it has had on their education and experiences at ACU.

Anna Hornell, junior management major from Fort Worth, TX

Anna said, “The Ruth Allen Griggs Luncheon was such an amazing opportunity for students and donors to meet! It was a time for students to express gratitude to those who allowed them enriching and even life- changing opportunities and to be inspired to generosity both now and in the future. I am hopeful that donors enjoyed connecting with students and hearing about the experiences that they have blessed them with.”

Darius Bell, senior computer science major from Frisco, TX

Darius said, “Giving back creates a thread that binds us all together. Although it is not always easy or convenient, it gives birth to community, community gives birth to a culture, and a culture gives birth to a lasting hope. Receiving this scholarship from the College of Business Administration revealed to me that ACU’s mission and vision extends past the plaques the name is written on and actually lives within the hearts and lives of the donors.”

Gary Skidmore, guest speaker, talks about the importance of giving

Gary Skidmore, Chairman of Aberdeen, member of the COBA Dean’s Council, and former ACU Board Trustee spoke to the crowd, relaying a story Dr. Condoleezza Rice tells about her grandfather. “She said that when her grandfather went to college, he paid for his first year in cotton. His sophomore year, he was asked how he would pay for school and he said, ‘I am out of cotton,’ so they said, ‘You are out of luck.’ He asked how the other boys were going to pay. They said, ‘They have what is called a scholarship and if you wanted to be a Presbyterian minister, you could have a scholarship, too.’ My grandfather said, ‘That is exactly what I had in mind.’ Dr. Rice stated that ‘My family has been Presbyterian and college educated ever since. That access to education changed everything. Not just for him, but for generations to come.” Skidmore noted that because of her family’s legacy of education, Condoleezza Rice has gone on to become both a Professor and Provost at Stanford University, National Security Advisor, and Secretary of State. He went on to say, “We’ve all likely received some sort of scholarship” citing statistics that 75% of all college students receive some sort of financial aid and that scholarships are one way we model what Jesus taught us as Christians – to help others. He stated, “We don’t know what will happen if someone is enabled to attend ACU…how their life will be changed. I know I don’t want to learn someday, if only someone had given, cancer would have been cured. In giving, both the giver and the receiver benefit.”

Dean Brad Crisp summed the event up by saying, “The Griggs Luncheon is a favorite event of mine because of the way it reflects and underscores our values. As COBA updates our guiding statements to describe our deeply held values, we are emphasizing how our Christian faith leads us to gratitude and generosity. This event allows our students to express their gratitude for the generosity of our donors.”

Dr. Brad Crisp

Spring Break in Honduras

Caleb Casas, junior management and marketing major from Houston, TX.

Over spring break, the Griggs Center and Halbert Institute partnered to send a group of students led by Dodd Roberts with Dr. Sarah Easter to Honduras. The group collaborated with Mission Lazarus to work within the communities on a service trip. Caleb Casas, a junior marketing and management major from Houston, was one of the students who went and served. Part of the trip entailed meeting with small business owners to help them with current endeavors and to develop new business ideas. Led by Dr. Sarah Easter and Erika Teilmann, a junior management major from Houston, the group of students met for several weeks before their departure to learn about the business climate of the communities they would be working amidst in Honduras. They researched the businesses, resource availability, education levels, income levels, and more. The group kept it a priority to remember that they were not the experts and that they need to trust the people that actually live and work with people in those communities, the people that understand the everyday circumstances, to determine the feasibility of an idea. The students were challenged to read Philippians 2:1-8 before going into the communities to prepare a servant heart within themselves and to learn of and how to imitate Christ’s humility.

Caleb and the other students met with locals in Namasigue and Cedeño, villages in Honduras, to help build existing businesses and develop new ideas. The people talked about how they would use their businesses to help out the community: to make it possible for everyone to have a little money to buy from one another, to send kids to school, to give to the church, to employ others, and more. In the Namasigue village, all of the businesses are tied together. If only a few people operate a business, then the rest of the village would be unable to purchase from them and would force business owners to sell to ‘coyotes,’ people from bigger cities who come to purchase products in the villages at an extremely low price. It seemed to Caleb that the people had an excellent grasp of how to operate a business in the village but desired feedback on their ideas. They taught the villagers basic accounting so that they could better run their businesses by keeping accurate records, financial statements, and balancing the cost of the business. Both the students and the villagers were able to learn a lot from each other. For example, they met with a woman who planned to sell pigs and wanted to start off with ten. The group encouraged her to start off with three and to buy three pigs every few months so that she had a cycle of product and a steady stream of income instead of trying to sell all of her pigs at the same time. The group suggested that she purchase a male and female to begin breeding so that she wouldn’t have to buy pigs to resell but the women explained that the time and money it takes to breed with the resources available to her was too great for her to ever make a profit.

The students also built latrines in the villages as a part of Mission Lazarus’ public health campaigns that aim to engage the community through health promotion and prevention and share essential health teachings with families and communities. The latrines were a tremendous step in both sanitation and privacy for families in the communities. Caleb was struck by how something as small as a latch on a bathroom door gave people basic human dignity. “In America, we don’t have to ever worry about finding a private bathroom to use no matter where we go,” said Caleb. “But the simple act of installing a two-dollar latch allowed these people to go about their business in private and gave them dignity. There was a man who had gone over eighty years without a private bathroom and I was struck by how often I take something like a toilet for granted.” Caleb was also moved by the Hondurans’ gratitude and willingness to work. “They didn’t want us to do the work for them but wanted to work alongside us,” he noted. For the families to even receive a latrine, they had to dig the hole themselves before people would come install the physical latrine. For some people, this meant digging a twelve-foot hole with nothing but a shovel and a chisel. One man chiseled through two feet of solid rock alone. Even though they had done all of this back-breaking work to lay the foundation for the latrines, when the students came to install them, the villagers worked alongside them, helping mix and lay concrete, drilling, and installing the roof. After they had finished installing one of the latrines, a man came and gave them mangoes, which was all he had to give. Caleb was amazed that the people were so grateful that they were willing to give up all that they had to say thank you to the students.

In Honduras, Caleb experienced and was impacted by was God’s purpose and design in bringing us to a specific time and place. Caleb’s grandfather was a pastor in Mexico but came to the US to start a Spanish-speaking congregation within Bammel Church in Houston. Caleb remembered hearing stories about his grandma growing up in Saltillo – no running water, an outhouse that was a mile away, playing soccer with rocks – and realized that, if it had not been for his grandfather saying “yes” to the Lord and leaving his work in Mexico,  Caleb could have been in a similar situation to the people he was serving in Honduras. “I was serving what could have been my grandpa,” Caleb realized. “Maybe in three generations, like my family, those people could be in America or helping grow Honduras. You never know what impact you or God will have on people and their life trajectory.”

Another surreal moment that Caleb experienced in Honduras was meeting Luis, the preacher of the Honduran church the group was working with. Luis was born in Honduras but moved to the US and actually attended Caleb’s Bammel. Bammel Church sponsored Luis to attend the Baxter Institute, a seminary school in Guatemala. Caleb’s grandfather also taught classes at Baxter during Luis’ time there. Once Luis graduated, he had twenty-three churches where he could have served but felt a calling to go to Namasigue. Caleb was amazed at how God brought them together and connected them at this specific time and place where they were both serving together. “There were so many points in our lives where things could have happened differently,” Caleb said. “Nonetheless, God intersected our lives and that made an impact on me.”

Caleb was absolutely impacted during his time in Honduras. The opportunity to serve and work alongside the people in Namasigue and Cedeño showed him how God works in incredible and mind-blowing ways and His plan is always good. Caleb looks forward to the potential to return to Honduras soon and is even talking about going back this summer.

The Lytle Center for Faith and Leadership Development

The Lytle Center for Faith and Leadership Development is an emerging organization within COBA. The mission of the Lytle Center is to challenge individuals to wholeheartedly follow Christ, equipping them to be leaders of integrity at home, work and in their community. The Lytle Center holds weekly chapel for students, with guest speakers from a variety of backgrounds who come speak to students about the ways in which they enact their faith in their leadership roles and how students can do the same. This semester, Lytle Center Chapel has had the pleasure of welcoming guests like Anthony Williams, the mayor of Abilene, who encouraged students to have the courage to get out of their comfort zones and face the issues before them in order to lead well.

Students have enjoyed learning from community leaders and being able to participate in the founding and forming of the Lytle Center. A student-run Advisory Board meets once a month to talk about the progress of the Lytle Center, to brainstorm new ideas, and to strategize how goals for the Center can be reached. We think that the student involvement is key; their help in structuring the center is essential to establishing the value and utility students will receive by involvement. The Lytle Center wants students of all majors – not just business – to become involved. A significant part of the foundation and forming of the Lytle Center has focused on how leadership extends beyond the business world. The Lytle Center believes that all students, regardless of major or career path, need to have the tools to lead in an effective, Christ-like manner. We look forward to seeing increased participation with students all over ACU’s campus.

The Lytle Center has become the point organization for many of COBA’s pre-existing leadership programs, uniting them under one body. Now in its 20th year, Leadership Summit is being planned within the Lytle Center, with guests like 2014 Time Person of the Year, Kent Brantley and President of Kellogg U.S. Specialty Channels, Wendy Davidson, scheduled to speak at the January short-course held in Colorado. Additionally, the Lytle Center is home to the Distinguished Speaker Series, which brings in Fortune 500 executives from around the country to speak to students about Christian business leadership perspectives they have learned through trial and error in their own careers.

The Lytle Center is working to form small groups for students who are interested in being mentored by older peers and ACU faculty and staff. The center is also working with churches around the city of Abilene to get students more involved in college ministries. The Lytle Center is in the early stages of exploring and planning a week-long service project for Spring Break to South Texas to help relief efforts for the victims of Hurricane Harvey. The service trip will be open for all students to participate.

We are excited to see what the Lytle Center will become and where it will take our students. We envision a new generation of leaders coming forth from involvement with the Lytle Center who rely on their faith to be effective in their communities. Keep up to date with the Lytle Center as it grows and develops by liking the Facebook page and watch for events like Leadership Summit and Distinguished Speaker Series for a chance to get involved. You can learn more by going to their blog: http://blogs.acu.edu/lytlecenter/

“Whatever you do, work at it with all your heart, as working for the Lord, not for human masters.”

Colossians 3:23

 

 

Student Spotlight on McKinley Terry

McKinley Terry is a senior Management major with minors in English and History from Longview, Texas. He is interning at Alpine Church of Christ in Longview, TX as the youth ministry summer intern.

McKinley Terry

Q: What have you done in your internship so far?

So far, I have helped lead classes for middle schoolers and high schoolers in our youth group, organized mission trips and social events, and helped our students better serve others throughout their community and the state of Texas.

Q:  What has been your favorite part of the internship?

My favorite part was definitely our recent mission trip to Camp of the Hills in Marble Falls, Texas. We served nearly four thousand meals that week to campers brought in by faith and community-oriented groups throughout Texas. I always loved going on this mission trip when I was in the youth group, so it was incredible to get to serve again as a leader and motivate our students to serve others.

Q:  How do you see this experience aiding you in the future?

My goal is to eventually teach at the university level, so working with young adults has helped me to understand the difficulties and opportunities in reaching and mentoring them.

 

Q:  What has grown you as an individual the most in this internship?

I have seen first-hand the difficulties that non-profits such as churches face regarding operations, budgeting, and management. Having to balance the interests and management styles of separate individuals has helped me learn how to navigate what can often be chaotic situations without growing too frustrated and inefficient.