2024 NC State MAC Annual Report

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Annual Report 2024

Moving Forward with a Purpose A

DearFriends,

Message from the Director

In our 30th year, the Jenkins MAC Program achieved extraordinary success. Our graduates ea placement rate. Our program was recog nationwide, including the No 3 online M

Through innovative programming — with professional leaders, to interna practicums, to learning about risk m Switzerland we're developing lead tomorrow's challenges.

What truly distinguishes 2024 is our con collaborated with stakeholders to refine and student learning outcomes, creating future growth. We strengthened our commitment to lifelong learning, hosting 125+ attendees at our third Annual Summit We expanded global learning opportunities and deepened partnerships within the accounting profession. Our faculty led critical conversations about emerging issues, from climate disclosure to artificial intelligence

Looking ahead, we remain focused on what matters most: preparing future leaders who will shape the accounting profession With your partnership, we'll continue pushing boundaries and opening new possibilities for our students

Thank you for being part of our success.

Our Foundation

Vision

Our vision is to cultivate a competent and trusted accounting profession.

Mission

Learning Outcomes

Our mission is to prepare students to become future leaders in the accounting profession. #1 #2 #3

Technical and Research Proficiency:

Develop a comprehensive understanding and ability to apply financial accounting, auditing, internal controls, managerial accounting, tax, and legal standards. Conduct advanced research to address complex accounting and business problems, exhibiting professional judgment, compliance and application of ethical decision making.

Technological and Analytical Skills:

Leverage technological tools and data analytics to enhance decision-making and problem-solving in accounting and business contexts Demonstrate proficiency in data analysis, critical thinking and the integration of technology in financial reporting and controls.

Communication and Teamwork:

Exhibit strong written and oral communication skills in professional accounting and business contexts Collaborate effectively as both a team member and leader to achieve organizational goals and foster a cooperative work environment.

MAC at a Glance

MAC at a Glance

Fall 2024 Incoming Class

The Jenkins MAC program has grown from 36 students in our first class to 182 today, thanks in large part to the flexible MAC programs, which offer online, on-campus, full-time and part-time options.

110 Students

23

72 Students

38 Undergradute Majors

52 Undergradute Institutions across

Ranking organizations recognize the Jenkins MAC among the nation's best graduate accounting programs. Recent Rankings include:

Consensus, 2022

Graduation Rate On-Campus Students, and 90% for Online Students

Shaping Accounting Leaders

Learning Outcome #1: Technical and Research Proficiency

Our MAC program is designed to provide a broad understanding of accounting and business practices and a rigorous technical education — the perfect combination for professional success.

Lauren is leveraging the accounting skills she gained in the MAC program to work in her dream job: an accounting role for a major sports organization

“[Graduating from] the MAC program, I not only felt much smarter, but also more confident in my ability to succeed in the real world I was equipped to be the best worker I can be in my current profession and I strive to continue to learn more ”

Two Tracks Three Specializations On-Campus or Online Full-time or Part-time

Thanks to the Jenkins MAC program, Michael developed the foundation he needed to change careers from education to accounting and gained the skills he needed to contribute to the profession on day one

“The program was life-changing for me, as it offered me a path to change my career trajectory The Jenkins MAC program will challenge you, and you will be a better professional for it ”

Future Leaders: 2024-25 MAC Fellows

Twelve exceptional students selected for their scholarship, leadership, and integrity represent our 2024-25 MAC Fellows.

Landon Barnes, Firm-Sponsored Fellow (Forvis Mazars)

Daniela Barrios, Academic Fellow

Brianna Berry, Academic Fellow

Meagan Cox, Firm-Sponsored Fellow (TJT)

Robert Garbarz, Firm-Sponsored Fellow (BDO)

Julianna Lopez, Academic Fellow

Cole Shephard (MAC ‘07) Partner, Legacy Group Founder & Chairman, Green Coffee Co.

Shephard is a founding partner of Legacy Group, an alternative investment firm in Latin America, and the founder of Green Coffee Company, the No 1 producer of coffee in Colombia

“I certainly wouldn’t be able to do what I do today if I didn’t have the solid accounting background and technical skills I gained in the MAC program at NC State.”

Dorian Packer, Firm-Sponsored Fellow (Johnson Lambert)

Grace Paszt, Academic Fellow

Maggie Stichter, Academic Fellow

Logan Taylor, Academic Fellow

Tayhana Taylor, Academic Fellow

Bryant Yang, Academic Fellow

Embracing the Future

Learning Outcome #2: Technological and Analytical Skills

Our MAC curriculum is closely aligned with industry trends and prepares students with the knowledge, skills and experiential opportunities they need to tackle accounting challenges today and in the future.

AI in Accounting: Leading the Way

Students master essential AI skills from prompt engineering and information verification to professional skepticism This cutting-edge content is integrated into courses like ACC 533 Accounting and Tax Research, ACC 550 Advanced Auditing, ACC 540 IT Risk and Controls.

National Accounting Leaders Share Real-World Insights

In a recent Q&A with Jenkins MAC students, Public Company Accounting Oversight Board (PCAOB) Member George R Botic addressed topics about the future of the profession ranging from innovation in auditing practices to the impact of new technology (middle photo to the right)

“We need to develop flexible standards that will stand the test of time. There may be times when technology changes so much that we must take action. But the goal is to develop standards with enough elasticity they can ebb and flow with advances in technology.”

Okorie Ramsey, 2023-2024 AICPA and Association Chair, visited campus He met over lunch with accounting students and board members from North Carolina Association of CPAs (NCACPA) (top photo to the right). He also held Q&A sessions in D. Scott Showalter's Advanced Auditing class (bottom photo to the right) Discussion topics included: developing an intentional career plan, leveraging AI in accounting, and the value and importance of connection.

Also in the classroom this year: accounting and business executives from Deloitte, IBM, Labcorp, RSM, Western Union, Wolfspeed and more.

Developing Professional Excellence

Learning Outcome #3: Communication and Teamwork

The ability to lead, collaborate, and communicate effectively — in addition to technical expertise — is essential for success in the accounting profession.

MAC Orientation

Students began building the relationships and professional mindset that will shape their careersI Industry leaders, including Big 4 partners and successful alumni, shared insights on leadership and success.

Study Abroad

Students traveled to Switzerland to gain firsthand insights into how entities like the World Health Organization and World Trade Organization address global challenges and assess mega-trends shaping economic and social resilience

How?

High-impact learning experiences.

Faculty Mentors

Each MAC student is paired with a dedicated faculty mentor, offering personalized guidance h h h Thi i i i i h

Tour of Cities 2024

2024 brought back the in-person Tour of Cities with a two-day experience in Charlotte. Students visited the offices of Elliott Davis, EY, KPMG, PwC and RSM US, and had the opportunity to network with additional firms, MAC alumni, and Charlotte-based students at organized events

We continue the career focus with initiatives like our annual Meet the Firms & Business Expo This fall, MAC students met recruiters from 32 companies in public accounting and industry, setting them on the right path toward a fulfilling career in the profession

Practicum Projects

Students address real business challenges serving as consultants for organizational clients In addition to learning project management skills and the intricacies of the business world, students also learn how to collaborate on teams and communicate with company executives

“With a case study, you’re learning something after the fact. But in the practicum, you’re rolling up your sleeves and tackling issues in real-time. Something that sounded simple in class may not be so simple when you start doing it, and you have to go through the struggle... to make it work.”

Photo: CAHEC Practicum Team

Expertise and Innovation

Faculty Scholarship and Awards

Thought Leadership in Accounting

From sustainability standards to emerging technologies, our faculty are leading conversations that shape perspectives on the accounting profession.

Marianne Bradford, professor of accounting, published in 2024:

Implementing ERP with Maintenance and Support in Mind: Exploring the Efficacy of Application Management Services for the Post-Implementation Stage. Journal of Information Systems Managing ERP Systems: The Case for Application Management Services

Christina Lewellen, associate professor of accounting, published in 2024:

“Just BEAT It:” Do firms reclassify costs to avoid the base erosion and anti-abuse tax (BEAT) of the TCJA? Journal of Accounting and Economics

Christina Lewellen and Nathan Goldman, associate professors of accounting, published in 2024:

Aggressive Tax Planning and Labor Investments. Journal of Accounting, Auditing, and Finance.

A series of articles to analyze the potential impact to accounting of current issues related to accounting They have covered topics ranging from Inside Shohei Ohtani’s Unusual Contract to The Pros and Cons of Wealth Taxes to The ABCs of LLCs (and C and S Corps, Too)

D. Scott Showalter, director of the MAC program and professor of practice,

advanced dialogue on talent development in accounting

Rob Whited, associate professor and Carly Burd, assistant professor of accounting,

Rob Whited, associate professor of accounting, published in 2024:

weigh in on a 2024 Securities and Exchange Commission rule change related to public companies' climate disclosures in “Whited, Burd Examine SEC Climate Disclosure Amendment ” Audit partner facial traits, gender, and career outcomes. Accounting, Organizations and Society.

Awards and Appointments

Mark Beasley, Alan T Dickson Distinguished Professor of Accounting and director of the Enterprise Risk Management (ERM) Initiative, was named president-elect of the American Accounting Association (AAA) Board of Directors Also, Beasley was awarded the AAA Audit Section's 2024 Distinguished Service Award, presented at the January 2024 Audit Section Mid-Year meeting in New Orleans

Nathan Goldman, Christina Lewellen and Rob Whited, associate professors of accounting, were named Stephen P. Zelnak Scholars

Bonnie Hancock, professor of practice in accounting, joined the board of HomeTrust Bancshares, Inc

Christina Lewellen, associate professor of accounting, received the 2024 Department of Accounting Research Leadership Award

Roby Sawyers was named Forvis Mazars Professor

D. Scott Showalter, director of the MAC Program and professor of practice in accounting, was nominated as the Poole College Professional Track Faculty Nominee for the Board of Governors Award for Excellence

Welcome to the Faculty!

Natalie Young (MAC '15) joined the Poole College of Management accounting faculty, returning to bring her industry expertise to undergraduate accounting students.

Honoring Kathy Krawczyk’s Legacy

After three decades of distinguished service, Kathy Krawczyk retires in June 2025. Her extraordinary impact is immeasurable.

A few highlights:

Leadership

Dixon Hughes Accounting Professor, Head of Accounting Department (2018-2022) Professor, MAC Program Director (2004-2018) Professor (1992-today)

Teaching

Taught nearly every MAC student since the program's inception

Mentored countless students and faculty

Pioneered innovative curriculum approaches

2002-2004 NC State Alumni Distinguished Undergraduate Professor

2001 Ernst & Young Faculty Excellence Award

2000 COM Board of Governor’s Teaching Excellence Award

1999-2000 NC State Outstanding Teacher and member of the Academy of Outstanding Teachers

Intellectual Contributions

Editorial Board Member, "Journal of the American Taxation Association," AAA (September 2003 - August 2008)

Widely published in referred journals, and received numerous grants to advance research in the field of accounting

See a full list of Kathy’s contributions in her CV.

MAC at a Glance

Leader of the MAC Pack Scholarship

To honor her legacy, we announce the Dr Kathy Krawczyk Leader of the MAC Pack Scholarship

Thankyoutoourfoundingcontributors.

MAC Director ($10,000+)

Forvis Mazars

TJT

D. Scott Showalter

Professor ($5,000 – 9,999)

Cherry Bekaert

CohnReznick LLP

Deloitte Elliott Davis EY

Johnson Lambert PwC

Assistant Professor ($1,000 – 2,499) CLA

Grant Thornton VACO

Williams Overman Pierce, LLP

Associate Professor ($2,500 – 4,999)

BDO KPMG

MAC Staff

Martin Marietta RSM US

Supporter (up to $999) Blackman & Sloop

“It is a great time to be an accounting major — there are so many opportunities available, and students can take on so many roles with an accounting degree.”

Kathy Krawczyk, Dixon Hughes Accounting Professor

Celebrating

Thank you for being an integral part of our journey! Here's to continued success, innovation, and connection.

As part of our 30 Years of MAC Celebration and Awards, we honored:

Distinguished MAC Alumni Award: Jamelia Livingston (MAC ‘09) Partner, Americas Professional Practice, EY
Friend of the MAC Program Award: John Broadfoot Director of Recruiting, TJT

MAC at a Glance

the Way

Career Success

Our commitment to excellence, industry partnerships and personalized career development results in exceptional outcomes for Jenkins MAC graduates 2024 was no exception.

Employers

Bank of America, BDO, Blackman & Sloop, CPAs, Cherry Bekaert, CLA, CRI CPAs, Deloitte, DMJPS PLLC, Duke University Press, Elliott Davis, EY, Forvis, Grant Thornton, Johnson Lambert, K2 Scientific, KPMG, Norton, Collar, Lund, & Lilley, PwC, RSM US, TJT, UNC Charlotte, USA

What Can You Do With a Master of Accounting (MAC) Degree?

D Scott Showalter, director of the Jenkins MAC program, wants to set the record straight: accounting is anything but a dull, numbercrunching job behind closed cubicles.

"Accounting is the language of business — essential for decisionmaking at any level. Accountants bring critical insights to the table, making them valuable partners in planning and strategy, not just numbers."

In this Q&A, Showalter explains why accounting is one of the most versatile

and rewarding careers out there.

MAC for Life

Alumni Engagement and Lifelong Learning

More than 125 professionals representing 28 graduating classes gathered for our third annual summit, offered in collaboration with NC State Executive Education.

Featured Topics Included: Automation and artificial intelligence

Mental health and work-life balance Finance 2 0

“Second year attending, and I look forward to this CPE. I love the variability of the topics and the fact that they aren’t super technical or tax related… something I wouldn’t get at any other CPE.”

Jason Lamb (MAC ‘09) Controller, Merchant Distributors

Summer Series

We also hosted a virtual Lifelong Learning Summer Series, covering Mid-Career Development (Speaker: Nicole Andrews, MBA, MHRD); Navigating Nonprofit Board Service (Bonnie Hancock); and Updates on Sustainability Reporting and Standard Setting (Dr Jeffrey Hales)

Miss the Summer Series?

Access recordings of the sessions, as well as find insightful interviews with industry experts and conversations with distinguished leaders in accounting in the new MAC Advantage Resource Hub!

Top 10 Ways to Stay Connected

Attend the Annual MAC Celebration & Awards

Celebrate the MAC Program at our annual event.

Engage on Social Media

Follow us on LinkedIn, Facebook, and Instagram to stay updated and share your milestones

Join Lifelong Learning Events

Stay informed through CPE-accredited virtual sessions and an annual summit

Mentor a Student

Support the next generation. Contact Scott Showalter at dsshowal@ncsu.edu to get involved.

Contribute to the Newsletter

Share career updates or insights Send contributions to Scott Showalter at dsshowal@ncsu edu

Engage with Career Services

Help students prepare for the job market Contact Kelly Hardy at kbhardy2@ncsu edu

Nominate for the Alumni Award

Nominate an alum for the Distinguished Alumni Award.

Refer a Student

Help grow the MAC community by referring potential applicants Contact Jay Arrington at jmarring@ncsu edu

Make a Donation

Fund scholarships and initiatives. Contact Scott Showalter at dsshowal@ncsu edu to contribute

Visit mac.ncsu.edu!

Check the website for program news, faculty updates, and upcoming events.

MAC at a Glance

MAC Advisory Board

The Jenkins MAC Advisory Board brings together distinguished alumni and leaders in the profession to shape our program's future.

“The purpose of the MAC Program Advisory Board is to make sure the curriculum being offered by the MAC Program meets the needs of the accounting profession. I am constantly amazed how the Jenkins MAC Program continues to stay ahead of trends in the accounting profession. I would like to think the Advisory Board contributes to this success.”

Sharon Bryson, MAC Program Advisory Board member, Retired CEO, NCACPAs

John Broadfoot Director of Recruiting, TJT

Kalund Brodie (MAC ‘21) Business Consultant, Wilson Growth Partners

Stephanie Brown Managing Director, Deloitte

Sharon Bryson [retired] CEO, NCACPA

Taylor Dancy (MAC ‘18) Audit & Assurance Senior, Deloitte

Steve Hammell (MAC ‘11) Senior Examiner, FDIC

Jack Hannah (MAC ‘24) Audit Associate, KPMG

Darren Hendrix (MAC ‘07) Managing Director, Forvis Mazars

Matt Krawczyk (MAC '18) Senior Analyst FP&A, Martin Marietta

Mimi Landry (MAC ‘17) Staff Accountant, UBS

Jamelia Livingston (MAC ‘09) Partner, Americas Professional Practice, EY

Cori Moore Recruiting Manager, RSM

Marc Morris (MAC ‘13) Assurance Senior Manager, PwC

Alan Perry (MAC ‘13) Senior Analyst, FASAB

Sarah Saunders (MAC ‘13) Sr Accounting Manager, Epic Games

Mark Weadon (MAC ‘11) Sr Director of Financial Governance, Fidelity Charitable

Josh Wilson (MAC ‘11) Senior Tax Manager, KPMG

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