The Gold Standard – University of Buffalo
Masters student obtains prestigious assistant position at Financial Accounting Standards Board
BUFFALO, NY – After studying accounting standards for the past five years at the University of Buffalo School of Management, Milad Ghanatios will now be part of the standardization process with a coveted assistant position on the Financial Accounting Standards Board (FASB) .
Ghanatios is one of eight students nationwide who have secured a postgraduate technical assistant (PTA) position in this summer’s cohort at FASB, which sets financial accounting and reporting standards for businesses. and US nonprofits. During his year of assistantship, Ghanatios will be involved in all phases of a major agenda project, including analyzing public comments, publishing research and accounting proposals, drafting policy papers. due process and the preparation of memoranda for board members.
“Throughout my academic career, I have become fascinated by the impact of accounting standards on financial reporting,” says Ghanatios, who received his bachelor’s degree in 2020 and his master’s degree in May. “I can’t imagine a better start to my career than the opportunity to participate in the process that governs the ever-changing accounting industry. “
A first generation student, Ghanatios grew up in Rochester, the son of Lebanese immigrants. His father is an entrepreneur, which, along with an introductory accounting course that piqued his interest, inspired him to pursue accounting studies at the UB School of Management.
At UB, Ghanatios developed his skills both in and out of the classroom. He gained leadership experience as an Alternate Spring Break Leader, honed his teamwork and critical thinking skills in case competitions, and helped lead the school’s Beta Alpha Psi chapter during the pandemic as a member of the board of directors. He also completed the school’s specialized undergraduate program and then paid it as a mentor during his masters program.
One of the most significant experiences he had at UB was participating in the Experiential Learning Program in Ghana, during which he traveled to this West African country, was engaged in cultural activities and met with local leaders. Returning to the United States, he and his teammates won the award for Best Global Experience Poster at the annual Undergraduate Poster Competition for their presentation on the Ghanaian chocolate production process.
“This trip allowed me to question, process and analyze the Ghanaian entrepreneurial mindset,” he says. “I am convinced that this vision of the global economy and entrepreneurship at the local level will add value to my career. “
Today, Ghanatios is the eighth School of Management student since 2012 to earn a PTA at FASB or its counterpart for state and local governments, the Governmental Accounting Standards Board (GASB). All of the former UB FASB and GASB assistants continued their careers in the Big Four and other large companies.
“Joining the FASB will challenge my current skills and allow me to grow and develop as a professional and a leader,” said Ghanatios. “Ultimately, with this position, I know I will be well prepared for a career in accounting consulting.”
The UB School of Management is recognized for the emphasis on real-world learning, community and economic impact, and the global perspective of its faculty, students and alumni. The school has also been ranked by Bloomberg Businessweek, Forbes, and US News & World Report for the quality of its programs and the return on investment it provides to its graduates. For more information on the UB School of Management, visit mgt.buffalo.edu.