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.
Jody Jones mentoring the STAR Fund Managers
Do you know about everything that goes on in COBA? We have so many awesome student programs, that chances are, you may have missed a few! STAR (Student Trading and Research) is a program where students learn to research an investment portfolio and trade assets based off their information. STAR began as an idea in 1999 and with an initial gift by a generous donor of $110,000 in June of 2000, ended its first full year of operation in 2001. Today, STAR manages a portion of ACU’s endowment and reports to the ACIMCO Board annually. STAR began as a student organization guided by Dr. Terry Pope and Dr. Jonathan Stewart. Now, students can earn course credit while they earn valuable real-world experience.
That kind of learning is something that Assistant Professor of Finance Dr. Jody Jones, who began teaching at ACU this past fall, is passionate about. Jones took over the STAR course after Dr. Pope retired last spring. Jones feels that one of the greatest learning opportunities that STAR affords is autonomy to the students in learning to make financial decisions. “All decisions are made by students. Although a faculty member helps guide decisions, the buying and selling of assets is dictated by student managers.”
Since inception, STAR has achieved an average return of nearly 50 basis points above its benchmark: S&P 500
Total Return Index. That’s reason enough to celebrate for any advising firm but this week STAR hit a huge milestone – the portfolio currently holds an outstanding $1.5 million.
Why is that such an important milestone? Dr. Jones explained, “The rising value of STAR allows students to better diversify and have more freedom in investment decisions. With the primary goal of the course being educational, students can buy and sell many assets and gain a broad perspective on the market. Also, this year will make it the first year that STAR has made distributions. The fund will return 4.5% of its value to the endowment to support scholarships, campus initiatives, and operations of the university.”
While STAR mainly consists of finance majors, anyone who is interested can join and is encouraged to do so. If needed, students can even apply to receive course credit for being a fund manager.
Dr. Jody Jones loves his profession for more than the numbers. He is passionate about integrating faith into his work and teaching. “While many of the student managers intend to work in the investment and financial services fields after graduation, financial management is important for all organizations and households. Stewardship is also a spiritual discipline.”
Christian Guerra speaks to students at a Lunch and Learn event.
ACU’s Career Center, Department of Engineering and Physics, and College of Business Administration worked together to host ACU alumnus Christian Guerra (’06) on January 28th. Christian serves as the Vice President and General Manager Operations for Avanzar Interior Technologies and returned to campus to address engineering, physics, and business students about the career opportunities available in automotive manufacturing. Christian was joined by other Avanzar team members including C.D. Rodriguez, who serves as the Human Resources Manager. Avanzar, an award winning manufacturer located in San Antonio, Texas, is a Toyota Motors production partner who manufacturers the seats for the Toyota Tundra.
The Toyota automotive manufacturing production standards are truly world class and give Avanzar employees the tremendous opportunity to learn best practices and work to produce top of the line products. Christian gave students insights into the internship and career opportunities available with their company as well as the company culture. Guerra was a student worker for former COBA Dean Dr. Rick Lytle when he was at ACU. He shared with students that Dr. Lytle impressed on him the need to be “Christ in the workplace”. Christian said that he puts this lesson into practice every day as he works to lead this family owned business with 1,100 associates in San Antonio and 200 associates in Mexico. He also reflected on his time in LYNAY and Dr. Gary McCaleb’s encouragement to go back to your community and help where you can. Christian took this advice, returned home, and is helping Avanzar provide an excellent work opportunity for employees in his hometown of San Antonio. This same work ethic is exemplified throughout the Avanzar organization. Berto Guerra, founder of Avanzar and ACU Board of Trustee, was honored by EY as the 2015 Manufacturing Entrepreneur of the Year.
Addressing work challenges through effective teamwork is critical at Avanzar. In their visit to the Engineering Department, the Avanzar representatives had a chance to observe current students working in teams to determine objectives and alternative solutions all while
Engineering, physics and business students were invited to learn about careers and internships with Avanzar.
operating with constraints during their engineering classes. The opportunity to work with ACU engineering, physics and business students aligns with the needs of the manufacturer both with regard to their work ethic and with their Christ-centered focus in the workplace. HR representative C.D. Rodriguez was impressed with the Engineering and Science facilities and enjoyed meeting the professors and students, stating that they will be back later this spring to conduct interviews. COBA looks forward to creating more opportunities for our students as we continue to collaborate with our partners in the ACU Career Center and across campus. To learn more about the ACU Career Center and job and internship opportunities, click here.
Zach Jennings is a Management major from Abilene, Texas and graduated in December 2019. Zach interned with Edward Jones this last summer. “I learned the basics of what it takes to be a financial advisor. I got to work with other offices and two other interns in town. There were about 200 interns nationwide, so having even one intern in Abilene was awesome, but we had three!”
As Zach prepared for graduation, he also prepared to begin work with Edward Jones as a financial advisor. He says, “I believe my time at ACU helped me find out what I wanted to do moving forward. Not only did it prepare me for my future career, but I grew so much in my relationship with God because of the wonderful people here.” Zach found that he wanted a career with Edward Jones after his experience as an intern and is looking forward to the great opportunities laid before him.
Zach enjoyed his college career at ACU. We asked him what his favorite thing about being a part of COBA was and how the environment influenced his growth throughout his time here. “My favorite thing about COBA was attending Leadership Summit. I grew a lot in the Lord and made so many good friendships as well. It was a refreshing and soul-quenching experience. I would say that ACU offers not only some of the best education programs out there, but what makes ACU great is the community. You actually get to know your professors and you’ll realize they want to get to know you too. The community of ACU is welcoming, inclusive and Christ-like. The people here are what sets ACU apart from the rest.”
Helping students find how their gifts and talents can be used for God in the workplace is something COBA is passionate about. For those students who aren’t sure what career path they want to take, COBA and ACU provide exploration through the COBA Edge professional development program and the guidance offered at the Career Center. To learn more about the COBA Edge program, students can email Steph Brown at email@example.com. Students can also learn more about internships, interviewing, and career search information by reading the COBA student newsletter, looking through Handshake, or contacting Steph Brown or the ACU Career Center.
COBA has a rich heritage of faculty members who contribute to helping the college excel in many areas. This is shown in several ways – research being one of them. Faculty members Dr. Monty Lynn, Dr. Sarah Easter, and Dr. Ryan Jessup- all professors in the Management Sciences Department – recently finished a collaborative project titled: “Harmonizing Work and Faith”, which was completed with the help of music professor and Dean of the College of Arts and Sciences, Dr. Greg Straughn. “COBA faculty engage in creative research which keeps them sharp and contributes to knowledge,” Dr. Monty Lynn explained.
Dr. Lynn shared that the project’s inspiration stemmed from a common interest in seeing how Christians approach and practice business, both in the past and today. They came across a database of Christian hymns that peaked their curiosity earlier this summer, and the question was posed: What message do Christians communicate to each other in worship regarding work and do these messages change over time?
The three COBA faculty were very familiar with conducting research, but knew they needed professional insight into ‘hymnology’ – the study of hymns – in order to enrich and deepen their findings. They reached out to Dr. Straughn who graciously agreed to contribute to the project.
The specifics of their research focused on hymns written between the years 1500 and 2000, with content addressing vocation. They applied qualitative research methods and identified 28 different messages Christians sing about regarding work. Some of the themes that emerged were being diligent in our work, work can be offered to God in worship, and work can be toilsome.
Looking to see if these messages have shifted over time, the team found strong stability in the themes – with occasional shifts. These shifts seemed to align with different global events at the time which largely impacted the world.
For example, the theme of being rewarded for faithful work, both here and in Heaven, is strong. Yet, the theme declines after World War II, as the theme of solidarity with global workers rises. These findings, along with others, are shown in the data.
Lynn added, “For those who might say hymns are fading from many worship assemblies, we’re happy to report that contemporary music still connects with work – often indirectly, but sometimes in wonderful ways such as the hymns produced by The Porter’s Gate, such as their ‘Wood and Nails’ and ‘Your Labor is Not in Vain’.” The group presented their research at the Christian Business Faculty Association at John Brown University and their findings were highlighted on the Hymnary.org site (click here to read).
The group’s hope is that this study will be helpful in understanding the meaningfulness and spirituality of vocation. Speaking for all the contributors, Lynn closed with this: “This project was a distinct pleasure because of the complementary skills of the researchers and because we couldn’t help but sing our data!”
Dr. Dennis Marquardt
Dr. Dennis Marquardt, Assistant Professor of Management and Director of the Lytle Center for Faith and Leadership, is one of the great examples in COBA of a well-developed, strong, and Christ-like individual. He says, “I often laugh at the thought of telling my 20 year old self that one day he would be a college professor. The idea of being a professor was not even in the realm of my thought space when I graduated from college. My plan was to work a year in a business-related job and try to get into law school. Instead, for some reason, as an organizational communication major, I ended up getting hired for a tax and compliance job at Bankers Trust (which was soon acquired by Deutsche Bank). I really enjoyed the work I did for DB and started an MBA program with plans to continue my business career.”
Dr. Marquardt does well to share his experiences in the classroom and apply the class concepts to his failures and his accomplishments. The humility and grace that he shows earns him the highest respect from his students to his coworkers. Part of that is an incredible amount of faith that he shows through his actions and choices. “I’ve always prayed heavily for each career path I’ve been presented with and asked a lot of advice from others to get a wiser and more well-rounded faith-based perspective. It’s usually when I look in the rear-view mirror that I see God’s direction in my journey most clearly. Most of all, I am overwhelmed by His grace and mercy for the many times I’ve failed and/or chosen the wrong path (and that’s happened more than I’d like to admit).“
Marquardt teaching at Leadership Summit
When asked if and how his faith plays a role in his teaching he was enthusiastic to talk about how he sees God working through COBA. This was his response: “Absolutely. As a management professor, I see the role of “manager” as an incredibly noble calling. The research is quite conclusive regarding the significant impact a supervisor has on the subjective well-being and overall quality of life of his or her subordinates. What an incredible opportunity management is, then, for people of faith to live out the servant life promoted by Christ. I think much of the Human Relations movement in management is not only conducive to but also indirectly (and sometimes directly) draws from the characters and virtues found in the teachings and life of Jesus. One of my priorities is to make these connections evident in the classroom and to help students see that faith does impact our careers and should create cycles of virtue in the lives of employees and customers alike.”
Dr. Marquardt responded with this wisdom when asked what he has learned since being at COBA: “ACU and COBA values relationships and creates settings that allow for a more holistic approach to learning that spans beyond the four walls of the classroom. I think this is one of the key differentiators for ACU and it provides a mutual learning environment for professors and students. Not only do I get to facilitate learning but I am also challenged and sharpened by my students as I see them wrestling with new ideas and living and working out their own faith.”
Dennis and Monique Marquardt
Final Words: “Early in my teaching career I became deeply convicted about the intrinsic value potential of each and every class session. Each time students come into a classroom with any instructor I think there is something almost sacred about the possibilities. I was recently reminded of a poem by former longtime President of Morehouse College and spiritual mentor to Martin Luther King, Jr., Dr. Benjamin E. Mays that conveys this point:
I have only just a minute,
Only sixty seconds in it.
Forced upon me, can’t refuse it.
Didn’t seek it, didn’t choose it.
But it’s up to me
to use it.
I must suffer if I lose it.
Give account if I abuse it.
Just a tiny little minute,
but eternity is in it.