Mullings over

Phew... it's been a busy week. Lots of planning, lots of deadlines, lots of talking over ideas with lots of different people. But it's been a good week, and I'm surprisingly a LOT less stressed than I expected to be. Got a divine refill in my proverbial tank of productivity/endurance.. =) Here are some highlights since I last updated:

Finance Option. Decided to drop it. Bill Wells, my good ole acctg 215 professor, told me to look at my options (Accounting, Finance, French) and see which one was least beneficial for how much work I put in. I process things verbally, so I talked for a while and at the end of it he said, "It seems like you've already made your decision." "Oh.." I muttered, realizing that he was right. And suddenly, I felt a whole lot less burdened.. =)

Registration/Grad plan. Registered for Winter quarter last Friday morning. Taking:
ACCTG 302, 3 credits, Donna Shores = Intermediate Accounting II: "Concepts and principles of financial accounting. Analysis of controversies and problems related to the measurement of enterprise income and asset and liability valuation."
ACCTG 311, 3 credits, Larry Du Charme = Cost Accounting: "Introduction to the theory of cost accounting; job order, process, and standard cost systems; overhead accounting; problems in accumulation and allocation of costs; decision making with cost data."
IS 300, 5 credits, Izic Chong-Kwon Chon = Introduction to Information Systems: "Fundamentals of information systems, what they are, how they affect organizations. Technical and organizational foundations of information systems, building information systems, managing information system resources. Laboratory emphasizes using computer to analyze, coordinate, solve organizational decision-making problems."
MUSEN 100B, 1 credit, Phyllis Byrdwell = Gospel Choir!
OPMGMT 301, 4 credits, Mehrdad Karimi = Principles of Operations Management: "Examines problems encountered in planning, operating, and controlling production of goods and services. Topics include: waiting-line management, quality assurance, production systems, project management, and inventory management. Computer and quantitative models used in formulating managerial problems."

Upon dropping Finance, I also decided to re-do my graduation plan, which is basically a document where I map out the classes I plan to take and when I'm going to take them. Ultimately, it tells the B-school when I plan to graduate. It's great for accounting majors like me who like to have every single little thing planned out.... Anyway, I ended up finding a TON of classes I like and scheduling myself for 5 class/quarter until I graduate. Unfortunately, I am human and have limits and later realized that.. that's a really INTENSE schedule and probably wouldn't be good for me.

Additionally, if I do a full-time winter internship next year.. then I'll need to do a lot of rearranging. I think I'll draft a few alternative grad plans after my Finance quiz on Monday.

A3W. A3W - Accountants for the 3rd World. It's the (FAKE) product I "made" for my Business Communications project (press kit), which was supposed to be a new product from a company or a joint venture type of thing.. Anyway, the basics of my "product" are that it's a campaign launched by Worldvision International in partnership with the Washington Society of Certified Public Accountants (WSCPA). The product is a service provided to nonprofit organizations doing work in the third world, particularly those in desperate need of technical accounting help and can't afford the work they need done. A3W would come in and do tax preparation, auditing, consulting, and help with paperwork for a very, very low price - some times even for free. It was a really fun project and it was also really cool because this is something I'd actualy like to do someday! I don't know how plausible the idea is, especially considering how in my kit I said we only work with 501 (C)(3)s but I didn't realize that 501(C)(3)s don't pay taxes until my old acctg prof mentioned it to me a couple days later.

BUT.. some day, I would like this idea to come into reality, because I believe that this service would indirectly help NPOs. I chose ones that work in the 3rd world "because every dollar counts." The reason we'd provide the service at such low costs is so the NPOs can focus their monetary efforts on accomplishing their mission, instead of paying huge administrative costs.

Informational interview - more? Yes! Yesterday, I had an informational interview with two nonprofit tax managers at Clark Nuber (!!). They gave me a lot of really great advice and challenged me to think about and reevaluate a lot of things, such as whether I want to go into internal or external (private vs. public) accounting to help kids. They told me about the recruiting process (both of them are involved with recruiting) and gave me some good tips, including a few "what not to do"s. They were very thorough and honest in their answers and I really appreciate them taking time out of their schedules. One thing that made me smile? One of them told me I am "a very unusual accounting major" in that I know precisely where I want to go in the field of accounting. Sometimes, though, I think I can get a little too focused/narrow-minded. I'm working on that part, 'cause I do believe there is a healthy balance between being focused and being open to whatever comes to my doorstep.

Conclusion. I think that's all I'll say for today. I've got some internships lined up for the next couple quarters, but I'll wait until we've got more details sorted out to write about it. Hope everything's well on your ends! =)

Jessica K. Nguyen
Junior - Accounting
Michael G. Foster School of Business
University of Washington, Seattle
accountingforAfrica.blogspot.com

Updates

I have a midterm in...17 hours, but I couldn't really move on until I shared what's been happening recently.

Informational Interview. Had my info interview with the HR Generalist at Clark Nuber a few weeks ago. I really, really, REALLY enjoyed their office - it's the first time I've walked into an accounting firm and not felt intimidated. The receptionist got up from her seat, out from behind the desk, took my jacket and put it in a closet, gave me a CN nametag/lanyard, AND offered me coffee/tea/other refreshment. CN's website impressed me - not simply because they have a massive number of awards, but because they've made it very clear that CN is about the people, not just the numbers. I love that...! All in all, it was a very encouraging, useful interview. One thing she said that stuck out to me: CN is looking for people with passion, direction, and intellect. I would really love to work for them some day. Through a fortunate chain of events, I have another informational interview set up with a nonprofit tax manager at CN on November 20th!

Agathos Banquet. Last Saturday I spoke at the annual Agathos banquet at the Lynnwood Convention Center. I talked about my most memorable experience: seeing redemption beyond anything I could've imagined. I mentioned wanting to become a nonprofit accountant to help these kids and that I want to go back again this summer. Later that night, Jeff Levell (CFO for Pilgrim Uganda) introduced himself. We talked about my summer plans - wanting to somehow do an internship with Agathos and wanting to go back to Africa. He suggested doing an internship IN Africa - possibly setting up a system of some sort to keep organizations and businesses financially accountable. I talked to the Mae, the Office Manager at Agathos, about it and she enthusiastically suggested partnering with both Pilgrim Uganda and Agathos to do an internship overseas! I have no idea how details of this will work out (do I pay to be there, do they pay for me to be there, how am I going to earn any money this summer to pay for school expenses?) but if it does... what an amazing experience it would be!

The banquet was very beautiful.. I forgot how much I missed/love these kids and how much my heart goes out to them. The director for an orphanage in Zimbabwe also spoke and it was shocking - but touching - to see the things she'd been dealing with. The closing speaker, Lief Moi, urged us to contribute to Agathos.. He made a really good point when he brought up his grandson, who I think was due yesterday. He told us about imagining: what if my grandson were left with NO ONE to love him? No parents, no grandparents... left on his own. And it hit him how horrible that would be - but it's happening every day in Africa. Agathos is doing amazing things over there and I'm honored to be part of their work.

Finance Option. I'm mulling over whether or not to keep Finance as a second option.. for a while it just seemed to not be intuitive at all... but after working in groups and through a bunch of problems, interest rates finally make sense. If I keep Finance, my course load will be very rigorous for the next 3 years and I won't be able to take some Accounting classes that would be VERY helpful in my career and with the CPA exam. There will be little (if any) wiggle room and I don't want to overload myself. Good news, though, is that the difference between yield to maturity and coupon rates finally makes sense! So maybe there is hope for Finance becoming more intuitive. I need to meet with an advisor - but not until AFTER my midterm.. I'll keep you updated on how this goes.

Those are the big things that have happened.. Will update more after midterms. Thanks for tuning in!

Jessica K. Nguyen
Junior - Accounting
Michael G. Foster School of Business
University of Washington, Seattle
accountingforAfrica.blogspot.com

Thanks, Parents...

Just wrote an e-mail to my parents thanking them for all they do (which is a LOT!). Thought it'd be nice to share what's been going on lately =)

Hello Parents,

I just wanted to say a big, big, BIG THANK YOU to you all.. for supporting me in so many endeavors. It's hit me quite a few times lately how absolutely blessed I am to be in school.. and to have a job.. and to have parents willing to pay for my schooling and some personal expenses. How amazing is it that even in this economic crunch (or disaster!), I don't have to worry (for now) because I'm in school? And I know there will be many opportunities for jobs because of my education and all the things I'm being trained to do at Foster (Business School). Foster's goal is to become the #1 Business School in the nation!

And... the number of opportunities that have been put at my proverbial doorstep is mind-blowing. I've gotten pretty involved in the Business School and the Accounting club here and they're teaching me so much...! I learned how to use Quickbooks last week and will be working closely with the Financial Manager at a small company to help them get their books in order. And I've got an informational interview (interview to find out about positions, the interviewee's history, and how to be an appealing candidate) with the lady in charge of recruiting at Clark Nuber. (I really want to work for Clark Nuber. They're the #6 Accounting Firm in the Puget Sound, just behind Moss-Adams and the Big 4. 50% of their clients are nonprofit, so my chances of getting to work with a nonprofit are relatively very high!)

So, again.. thank you. I don't say "Thank You" enough for all you do.. including putting food on my plate and roof over my head. It means.. A LOT..

Love you all,
--
Jessica K. Nguyen
Accounting, Finance Class of 2011
Michael G. Foster School of Business
University of Washington, Seattle
accountingforAfrica.blogspot.com

Orientation! And... a discrepancy.

Had my Accounting orientation today. I missed out on most of it because I didn't get out of my Finance class until 4:20 (orientation started at 3:30), but came in just before Bill Resler, a great Foster lecturer in Accounting, finished his talk on the Accounting Tax Master's Progam (MPAcc TAx). I remember hearing him speak a few years ago at a Beta Alpha Psi (BAP) meeting I got to attend in high school... He might have also spoken at the Accounting Career Awareness Program (ACAP) Residency Week I went to at UW the summer before my senior year in high school. Anyway, it was through ACAP and hearing Bill speak that I decided I want to focus in Tax. And it was really cool to hear him speak again... (The nerd in me gets really giddy when he talks about tax and the elements of tax and how tax people love tax.......=)

They gave us folders stuffed with a ton of handouts and useful information. One of the sheets was a list of top Accounting firms and top employers in Washington and the Puget Sound Area. I scanned the Accounting firm list for keywords like "tax," "nonprofit," "international," and "individual." Number 5 on the list was Clark Nuber, whose specialties are, "Federal, state and local tax consulting and planning, auditing and accounting services for commercial businesses, high-net-worth individuals and not-for-profits." Wait a minute, I thought to myself. THIS explains why I couldn't find "Clark-Newton" accounting firms anywhere on the Web! Apparently, my memory distorted my former professor's words. This was the firm that Bill Wells had told me about! And they are coming to speak at one of the upcoming BAP meetings!

So.. lots more excitement coming up. The Agathos Foundation is having their annual banquet up at the Lynnwood Convention Center on October 26th... They asked me and a few others who've been to Africa to go on stage (in front of hundreds of people!) for a few minutes and share the most significant thing about our time there. I'm still figuring out exactly what to say (so much happened there, how do I narrow it down??), but I will keep you all updated. That's all I've got for tonight... thanks for tuning in =)

Jessica K. Nguyen
Accounting, Finance Class of 2011
Michael G. Foster School of Business
University of Washington, Seattle
accountingforAfrica.blogspot.com

The Vision

On 7/5/08, I started to write a post:

What do I want to do with my life?

Other than someday being a wife and mother, I would very much like to work with children and use my accounting skills to help kids in Africa. Although, if you've been reading this blog for -- well, ever, the latter part of that statement has been made very clear. I also want to help my community, like small local businesses/organizations with tax preparation, consulting, and everything else financial. I also want to serve those who would otherwise not be able to afford a qualified accountant. I want experiences so as to build up my resume - not to impress the reader, but to assure the person that I have been adequately prepared to an outstanding job.

Sometimes... I think it's too much. However, I hope and anticipate that these will all work out somehow or another.

----------

I remember being in a very somber mood when I wrote that - with many anxieties plaguing my mind. Ironically, however, I am not anxious at all about my future. Walking to my car yesterday after the BAP BBQ I thought to myself, "Wow... I am exactly where I'm supposed to be." This indescribable assurance had come over me - I am SURE that this is what I want to do with my life. (What is "this"?, you might ask. "This" is using my degree to help kids in Africa... and people who "can't help themselves.") And I am also SURE that it will all work out.

When I wrote that, I was determined to do everything "financial," but a good friend and common sense hit me with the hard truth: I CAN'T. I can't do EVERYTHING.... and that was a really difficult thing for me to deal with, but it has settled in my mind and now.. well, now I'm actually okay with that. Actually, I'm very happy and content with not being able to do everything because then it means I can focus on what I'm good at and not have to be nearly as stressed out! =)

Seeing all the opportunities in front of me, all the ways that Foster is going prepare me for exactly what I want to do, hearing about firms who have the same vision and mission as I do, potential leads that would lead to a job position at those firms..... I've this strange (but wonderful) sense of anticipation for the next three years. I'm okay with graduating "late" and I see it as an opportunity to learn more and more and more.. to meet more people and hear different ideas and be exposed to different environments... I am very, very much looking forward to it all. I can't believe I'm here.... but I'm exceedingly thankful that they let me in! =)

Jessica K. Nguyen
Accounting, Finance Class of 2011
Michael G. Foster School of Business
University of Washington, Seattle
accountingforAfrica.blogspot.com

Community Efforts

As promised (a long time ago!), here are more pictures from my time in South Africa [Cottages at Injesuthi, Summer 2007]:


Every Monday (and sometimes Thursday or Friday, depending on how much food was left) the cook and any given caretaker would go into town (Estcourt) to go grocery shopping at Mackson's FoodZone, one of two supermarts in town. In this picture: pears, toilet paper, laundry soap, cereal, milk, "biscuits" (kind of like wafers). It was really astonishing to see that, though they purchased an immense amount of food, it was all very fairly priced. I appreciated seeing how the money that was given to the Cottages was stewarded well and not going to waste. The lady (cut off) on the right is Florence, or Flo, the orphan village's cook. If you look carefully, you'll be able to see something wrapped around her top - that would be a blanket she wrapped around her waist to secure her infant (Kozi) to her back. That's how she'd usually carry him around, unless he got fussy or hungry.



Here are Kwanele (HIV+, standing in the doorway) and Mfundo (going up the steps). Mfundo is carrying a box of cereal into the storeroom and Kwanele is getting ready to carry in some toilet paper. It was adorable to see how eager they were to help bring in groceries. The kids were often rewarded for good behavior like that - but not necessarily with money. I was told that in the Zulu culture, tones of voice are used to encourage or discipline a child. So if they were being good, the child would be verbally praised and approved of, but if they were bad then a harsh/loud tone of voice would be used before physical enforcement entered the picture.



Pictured above are some crafts (beaded pens, bookmarks, HIV awareness pins, a star, a butterfly, a strawberry, in the bottom right there is a intricately decorated ornament). These were all hand-made by ladies in the community. They also make very, very beautiful baskets and mats and traditional Zulu jewelry. Many women support entire families (often large ones, I might add) on this trade alone. Some of the beaders have been doing this for decades and others have just begun. Life stages range from teens to grandmothers. If you're interested in purchasing some of these items (all proceeds go right back into the community), you can contact Roz Thomas at rozthomas@hotmail.co.uk. [Actually, I have a bunch of residual craft items that never got sold at last year's fundraising auction. If you're interested, you can have them. E-mail me at jesknguyen@gmail.com for details.]

I don't remember this lady's name, but she's one of the much older, much more experienced beader ladies. This was on one of the days that all the ladies gather together to sell their products, take orders (they do many custom projects), and share techniques/stories with one another. Barbara Borgman oversees the entire community betterment project that these ladies and their beautiful trade are a part of. The ladies get paid a very fair price for their work and any proceeds from sales to tourist shops or tourists (there are many groups who come through the Cottages to help) go straight back into helping to improve the quality of life for the community members. This is done through various things like HIV awareness programs, financially/morally supporting families, and teaching others how to take up the beading/weaving trade.
If you are interested in getting involved with this project, you can contact Barbara Borgman at ubuntup@lantic.net. [See photo of business card below - click to enlarge]


This is Zeneli, age 10 or so. Her story is a sad, but fascinating one (if you want to hear it e-mail me at jesknguyen@gmail.com). Remember that first picture where I talked about Flo carrying her infant on her back? Well, this is Zeneli mimicking Flo. She has a teletubbie fastened securely to her back while she rakes away weeds to earn marbles. It was really neat to see how much the younger kids would pick up from their elders. There was always this sense of unity and community and working toward a common goal while I was there. One of the goals of this village (and all the other villages in Africa) is to give these kids a new family. That's one (of many) reason(s) they don't allow adoption through this village. Each child is placed with a caretaker and that becomes their family. It's really quite beautiful the way it works...



Speaking of working together as a family, Kwanele (HIV+, Left) is helping Kozi (middle, Flo's child) learn to walk. Even though Kwanele is the third youngest child at the Cottages, he's still helping to lead and teach the young'un! Again, it was beautiful to see these kids love and serve and lead and teach one another. This room is the dining hall/common area. After meals and cleanup the kids would sometimes play games, but usually they'd have dance parties. I'll post some pictures of them dancing later.


This.... now, this is a very special picture to me. Not at all because I'm in it, but because of the little girl to my left (right side of this picture). Her name is Nothile and she is a very special piece of work. At the time, she was a 13-year-old orphan. She was actually the first child to come up and introduce herself. She simply grabbed my hand and said, "Hi, I'm Nothile. What is your name?" in an soft, sweet, gentle tone. From Day 2 we were inseparable (we got in late on day 1). Before going to Africa, I dreaded the idea of working with preteens and teenagers (that was a rough patch in my life...and toddlers/preschoolers are my specialty) and I was utterly astonished that she and I clicked so well. She has a heart of GOLD and a curiosity like no other. She plays jokes and is often very goofy (she tried to convince me she was 21 the night I met her - I believed her, haha!), but we had some great talks; she possesses maturity far beyond her years.

That is it for now. I will hopefully update again soon! =)

Jessica K. Nguyen
Accounting, Finance Class of 2011
Michael G. Foster School of Business
University of Washington, Seattle
accountingforAfrica.blogspot.com

Fall has come!

School started yesterday. I'm really excited for this quarter - taking Intermediate Accounting, Business Finance, Marketing Concepts, Business Communications for Accounting, and a choir class. Monday and Wednesdays will be long (8 hours of class on Mon, 6 hours on Wed) but I only have one class on Tues/Thurs and NO CLASS on Friday!

I've been meeting with advisers the last couple days and they've helped ease many of my anxieties. Bill Wells (former Acctg prof) informed me that there ARE options to do Big 4 Accounting (or even acctg at a large firm) and still help kids in Africa. He said KPMG has (or at least had) a small, but decently-sized nonprofit segment and he could connect me with someone at Clark-Newton over on the Eastside. (He said Clark-Newton is fully nonprofit and they're the biggest nonprofit firm over on the Eastside). My academic adviser helped me sketch out a graduation plan and it looks like I'll be graduation in Spring of 2011 (instead of 2010, and with a French minor!) so that I'll have enough credits to take the CPA exam.

As it turns out.. I am no longer taking that Tax Course that I was so excited about. A good friend of mine talked me out of it, because I probably would have lost my sanity and good spirits if I loaded up 16 credits (5 classes), 6 hours/week for the tax course (+homework, probably), work, xAct, and a social/family life. I'm really thankful to her and my dad for encouraging me not to stretch myself too far...

Well, I'm off to an info session with EY (Ernst & Young, one of the Big 4 firms). Tonight I'll be going to the BAP (Beta Alpha Psi - an honors Acctg/Finance organization) Welcome BBQ... so much to do, so much excitement! It will be a fun quarter.

Jessica K. Nguyen
Accounting, Finance Class of 2011
Michael G. Foster School of Business
University of Washington, Seattle
accountingforAfrica.blogspot.com