The Abstract: Fall 2021

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Accounting Magazine

DECEMBER 2021 / ISSUE 3

INSIDE THIS ISSUE

MESSAGE FROM THE CHAIR Dr. Oksana Kim

THE ABSTRACT Accounting Magazine

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STATEMENT FROM CHAIR

MESSAGE FROM MACC DIRECTOR

FACULTY NEWS

STUDENT NEWS

STUDENT ORGANIZATION

AWARDS & SCHOLARSHIPS

COB GRADUATION

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Dear Friends, I wish to take an opportunity to welcome our students and all of you back on campus. When the on-campus student and staff orientations began in August, we knew that we were ready for an extraordinary year ahead. My colleagues and I were looking forward to seeing students in classes and offices and socializing with faculty and staff around our campus. This fall we offered classes in a variety of delivery methods, including online, hybrid, FlexSync, and in-person.

We had been through difficult months last year and were ready for a new beginning when the Fall semester started. Yet, the pandemic is not over, and challenges remain. Some of our international students are unable to join us in the classroom due to travel restrictions, and some local students take classes remotely out of precaution. Several of our long-planned events did not materialize due to COVID-19 danger, and others had reduced capacity. Regardless of the present challenges, we have continued with our goal of delivering effective teaching and advising to the students in the accounting program.

As we learn from our peers nationwide, the pandemic is not the only challenge that accounting undergraduate programs have been facing. In recent years, there has been a significant decline in accounting students’ enrollment across the state of Minnesota and the country, reaching as high as 20 percent for some programs. This is due to both shifting demographics but also as a result of changing workplace expectations of the accounting profession. While our undergraduate accounting enrollment numbers have not been affected as badly, we may still experience the aftermath of the combination of these factors in future years. We need to develop an action plan that would allow us to stand out among our peers and would keep attracting student talent from in- and out of state. On the positive side, our Master of Accounting (MAcc) enrollments have been growing. We continue supporting several student organizations on campus, including the Accounting Club, Beta Alpha Psi, and National Association of Black Accountants (NABA). The department would like to thank our regional partners for participating in these organizations’ events and for sponsoring their activities.

My colleagues in accounting and business law wish you great holidays and Merry Christmas!

Best wishes, Oksana Kim, Ph.D., FCCA Chair, Department of Accounting & Business Law The Allen Lenzmeier Accounting Professor of Leadership & Diversity Leadership Team, Midwest section of the American Accounting Association

MESSAGE FROM FROM THE MACC DIRECTOR AND LENZMEIER PROFESSOR OF EXTERNAL PARTNERSHIPS Dr. Byron Pike Hello Accounting Alumni and Friends of the Program, I have had the pleasure and honor to serve as the Master of Accounting Program (MAcc) Director over the past three years and the Lenzmeier Professor of External Partnerships over the past couple of years. It is so rewarding to positively impact the lives of others, while also serving the firms/companies that recruit our students and the profession. I strongly believe that we have a profound and meaningful impact on our students that will last their lifetimes. The MAcc program has grown dramatically over the past couple years, which is a direct reflection on the quality of the accounting faculty at Minnesota State University, Mankato and the culture and reputation of our program. We also attribute much of our success to being flexible and supportive of our students. We achieve this through continually surveying our students and stakeholders to adapt and change over time. This recipe for success is indisputable. Our MAcc students have a 100 percent placement rate and pass the CPA exam at levels that far exceed that of the national average.

I look forward to maintaining this continuous improvement approach and will work to make the MAcc one of the best tracks for accounting students to achieve 150 credit hours.

My role as the Lenzmeier Professor of External Partnerships is highly correlated with that of the MAcc Director. Approximately 65 percent of our MAcc students come directly from our undergraduate accounting program.

The remainder come from other accounting programs or are working professionals looking to transition into accounting and/or become CPA eligible.

Students choose our accounting program because of our quality reputation and strong network of partners that hire our graduates. I enjoy growing/maintaining these relationships to ensure our students continue to have access to high quality internship opportunities and employment upon graduation. We genuinely appreciate all the support from our alumni and backers of our program. Please feel free to reach out to me directly (byron.pike@mnsu.edu) if you are looking for help with recruitment, engagement, or wish to provide scholarships to our students.

Go Mavs!

Byron J. Pike, Ph.D., CPA Allen Lenzmeier Accounting Professor of External Partnerships Master of Accounting (MAcc) Program Director

DATES TO REMEMBER FALL 2021

SPRING 2022

COB Graduation December 11

Accounting Golf Event May 13

FACULTY & STAFF NEWS

Accounting Advisory Council Meeting

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STUDENT NEWS

Congratulations to some of our new Certified Public Accountants (CPAs)

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MINNESOTA STATE UNIVERSITY, MANKATO / 5

STUDENT ORGANIZATION SPOTLIGHT

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Meet the Firms / Student Recruitment

At the beginning of every fall semester, the College of Business hosts its premier accounting and finance career fair for students. Unfortunately, this September, the College of Business took the necessary steps and decided to cancel Meet the Firms in-person events to protect the health and safety of students, faculty members, and visitors. With the help of our Career Development Center, our MAcc graduate assistants have worked to connect our partner firms with our excellent accounting and finance students in virtual, club, classroom, and other environments. We would like to thank all the employers that provided opportunities to our students over the last year: Abdo Baker Tilly BDO BerganKDV Boulay CarlsonSV CBRE Clifton Larson Allen Compeer Financial Copeland Buhl Deloitte Eide Bailly Ernst & Young Federated Insurance Froehling Anderson Grant Thornton

HG&K Johnson & Hoehn CPA KPMG LB Carlson Mahoney, Ulbrich, Christiansen, & Russ, P.A. PwC Redpath & Company RSM Smith Schafer & Associates United Health Group Wipfli LLP

MINNESOTA STATE UNIVERSITY, MANKATO / 7

Congratulations to the Accounting Award and Scholarship Recipients for the 2021/22 Academic Year We would like to express our gratitude to the alumni, faculty, and friends for their generosity, continued support, and belief in our students. Join us in congratulating the students receiving the 2021/22 accounting awards and scholarships:

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For more information on scholarships or giving opportunities, contact Catherine Willette, College of Business Director of Development (catherine.willette@mnsu.edu; 507 389-2578) 8 / COLLEGE OF BUSINESS THE ABSTRACT

Recent Publications When faculty are not teaching, advising, or providing service to the university, they engage in scholarly activities that advance the body of knowledge in accounting. In many instances, this research also informs the faculty members’ teaching, creating a better learning environment in the classroom. Below are select 2021 publications of the faculty in the Accounting and Business Law Department. Feel free to reach out the faculty member directly if you are interested in learning more about their research endeavors.

Alon, A., and O. Kim. 2021. Protectionism through legislative layering: Implications for auditors and investors.

Journal of International Business Policy.

Blix, L., Chui, L. Pike, B., and S. Robinson. 2021. Improving Auditor Performance Evaluations: The Impact of Self-Esteem, Professional Skepticism, and Audit Quality. Journal of Corporate Accounting & Finance. 32 (4).

Kim, O. 2021. The impact of economic sanctions on audit pricing. Journal of Contemporary Accounting and Economics. 17 (2).

Magaldi, J., Sales, J., and W. Davis. 2021. All’s Fair in Love and War but Nothing’s Fair Use on YouTube: How YouTube Policies Favor Copyright Owners and Hinder Legal Fair Use. Journal of Law, Business & Ethics. 27 (Winter).

Rickels, A., and Rosacker, K. 2021. Historical antecedents: Oil & gas tax incentives intersect with climate change initiatives. Oil, Gas, & Energy Quarterly. 69 (4).

MINNESOTA STATE UNIVERSITY, MANKATO / 9

CONGRATULATIONS 2021 SUMMER & FALL GRADUATES BACHELOR OF ACCOUNTING Mohammad Alfarhan Jadyn Anderson Samuel Anderson Noah Arneson Taylor Bhend Karissa Bienusa Alison Bren Weston Bring Taylor Brinkman Reid Buschmann Emma Doot Danielle Duray Katelyn Ertle

Aaron Eversole Mitchell Froehlich Faith Garbers Jacob Grisim Camilo Hernandez Chris Infanzon Ayren Ingvalson Thomas Jameson Lukas Johnson Nicholas Johnson Stephanie Johnson Dulanji Anjalee Karunarathna

Shian King Taylor Krienke Taylor Lenz Li Lin Colin Lundgren Brodie Martinka Brandon McGovern Alexander Meas Tomas Miska Lincoln Mlsna Osee Mulumba Dylan Nelson Paul O’Connor

Amber Olson Madysen Pearson Jenna Peterson Cassidy Possin Sophie Proehl Ariana Ptacek Awais Qarni Jordan Reynolds Dylan Riess Alec Rogers Rumi Saruwatari McKenzie Scheid Anastasia Schultz

Kayla Shadle Morgan Shindelar Cooper Siebrecht Baighley Standinger Kassidy Sutherland Jenna Tekavec Spencer Thein Benjamin Twite Jace Westman Brandon Winter Yeeshai Yang Yao Franck Yao Connor Yonak

Trevor Muller-Hegel Connor Naumann Marina Olson

Kelsi Rostis Kelsey Sohre Caleb Thunem

Kaylie Voigt Jack Waletich

MASTER OF ACCOUNTING Khalid Aharrouch Hayden Hanlon Natasha Haugen

Douglas Jimenez Lei Liang Terron Moss

Full-time Accounting & Business Law Faculty Dr. Paul Brennan paul.brennan@mnsu.edu 507-389-5415 Wade Davis, J.D. wade.davis@mnsu.edu 507-389-2207 Dr. Abo-El-Yazeed Habib abo-el-yazeed.habib@mnsu.edu 507-389-5408 Shahid Hussain shahid.hussain@mnsu.edu 507-389-5349 Dr. Steven Johnson steven.johnson@mnsu.edu 507-389-2760

Dr. Oksana Kim oksana.kim@mnsu.edu 507-389-5411 Vicki Luoma, J.D. vicki.luoma@mnsu.edu 507-389-1916 Dr. Connie O’Brien connie.obrien@mnsu.edu 507-389-5412 Dr. Byron Pike byron.pike@mnsu.edu 507-389-6909 Dr. Kirsten Rosacker kirsten.rosacker@mnsu.edu 507-389-5413

Dr. Ferdinand Siagian ferdinand.siagian@mnsu.edu 507-389-5407 Sean Fingland sean.fingland@mnsu.edu 507-389-5388 Dillon White, J.D. dillon.white@mnsu.edu 507-389-2207

To learn more about the Accounting & Business Law Faculty or to get in touch go to cob.mnsu.edu/accounting-faculty

An Affirmative Action/Equal Opportunity University. This document is available in alternative format to individuals with disabilities by calling the College of Business at 507-389-5420 (V), or 711 10800-627-3529 / COLLEGE OF(MRS/TTY).

BUSINESS THE ABSTRACT

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