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Iowa Ledger (2022) - Tippie College of Business

Iowa Ledger is an annual publication for alumni and friends of the Department of Accounting, Tippie College of Business, University of Iowa.

Iowa Ledger is an annual publication for alumni and friends of the Department of Accounting, Tippie College of Business, University of Iowa.

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Another program that Collins spearheaded<br />

is the First Year Scholars program. He<br />

secured corporate gifts from the Pella<br />

Corporation and Deere & Company in 1997<br />

to launch the scholarship program based<br />

First Year<br />

Scholars Program<br />

on student potential.<br />

Historically, the department and college<br />

awarded a substantial number <strong>of</strong><br />

scholarships to juniors and seniors with<br />

outstanding academic records. Aiming<br />

to attract promising young students<br />

interested in accounting, Collins came up<br />

with the idea <strong>of</strong> giving out scholarships to<br />

incoming students as a recruitment tool.<br />

The first year, 13 scholarships were awarded.<br />

As a group, they maintained a 3.7 GPA in<br />

high school, scored an average <strong>of</strong> 28 on the<br />

ACT exam (90th percentile), were active<br />

in many extra-curricular activities, and<br />

graduated in the top 15% <strong>of</strong> their class.<br />

Turn to pg. 4 to see how the investment<br />

panned out—spoiler, it was a huge<br />

success, with several C-suite level<br />

executives among the group.<br />

And it wasn’t a one-time thing.<br />

For the past twenty-five years, the<br />

scholarships have launched the next<br />

generation <strong>of</strong> accountants and executives.<br />

The program has now awarded more<br />

than 300 student scholarships and has<br />

been an irrefutable success.<br />

<strong>2022</strong> First Year Scholars<br />

Ph.D. Program<br />

Much <strong>of</strong> Collins’ 45-year career was<br />

spent building the <strong>Iowa</strong> accounting Ph.D<br />

program’s national status and reputation.<br />

Since the 1970s, Collins has ceaselessly<br />

been an advocate for the program and<br />

catalyst for its excellence.<br />

Importantly, Collins excelled as much at<br />

fundraising as he did at educating and<br />

mentoring his students.<br />

He was passionate about hiring top-flight<br />

faculty, an enthusiasm he shared with<br />

Henry B. <strong>Tippie</strong> (BSC49). The two shared<br />

a memorable pr<strong>of</strong>essor, Gil Maynard, and<br />

agreed on the compounding effect an<br />

excellent pr<strong>of</strong>essor could have—hire a great<br />

faculty member and influence generations!<br />

Collins also deeply cared about supporting<br />

doctoral students. So much so that when his<br />

wife Mary passed away in 2003 from breast<br />

cancer, Collins established The Dan and<br />

Mary Collins Accounting Ph.D. Fellowship<br />

Fund, to which he has personally made<br />

significant donations. And he didn’t just<br />

<strong>of</strong>fer financial and academic support. He<br />

<strong>of</strong>ten treated Ph.D. students like family.<br />

“Many <strong>of</strong> the doctoral students are<br />

international students, and I was one <strong>of</strong><br />

those,” said Paul Hribar (PhD00), the<br />

current graduate program director. “When<br />

you move here, you don’t know too many<br />

people, and what amazed me most about<br />

Dan and Mary was how much they really<br />

adopted the Ph.D. students.”<br />

“He took the time to meet my mom and<br />

sisters and comforted them with the care<br />

he showed for me,” remembers S.P. Kothari<br />

(PhD86), MIT pr<strong>of</strong>essor and former chief<br />

economist and director at the SEC who<br />

came from India for his doctoral education.<br />

“They felt assured that I had a family<br />

thousands <strong>of</strong> miles away from them.”<br />

Collins’ efforts—large and small—have<br />

certainly paid <strong>of</strong>f. The program is wellranked<br />

and his influence as an academic<br />

mentor is truly far-reaching. His Ph.D.<br />

mentees have gone on to become<br />

pr<strong>of</strong>essors and deans at prestigious<br />

universities across the country, as well as<br />

countless more that have made it to the<br />

top echelons <strong>of</strong> industry.<br />

As current department chair Cristi<br />

Gleason said in Collins’ retirement tribute<br />

video, “It was really strange to watch<br />

him clean out his <strong>of</strong>fice and to throw out<br />

decades <strong>of</strong> books and papers.”<br />

“But his legacy isn’t in those books and<br />

papers,” she said. “It is in the scholars<br />

around the world that he’s trained and in<br />

whom he’s instilled his values.” •<br />

The tradition continued<br />

until his retirement!<br />

“<br />

Dan and I graduated from<br />

Marshalltown High School in 1964,<br />

and we both played baseball for<br />

Marshalltown Community <strong>College</strong><br />

before we were roommates at the<br />

University <strong>of</strong> <strong>Iowa</strong>. It was around<br />

then that I christened Dan with the<br />

nickname ‘booker’ because he was<br />

always studying and ‘booking.’ It<br />

obviously paid <strong>of</strong>f!”<br />

—JIM WOLFE (BSPH70)<br />

“<br />

This is the custom-made bobblehead the<br />

doctoral students in my cohort made <strong>of</strong><br />

Dan’s ‘nod’ (<strong>of</strong> approval), which is widely<br />

sought after. Dan frequently nods in<br />

approval when he is following along and<br />

agreeing with a speaker, particularly<br />

in workshop. The student with the best<br />

workshop comment each week got to keep<br />

the trophy.”<br />

— JANE Z. SONG (PhD18)<br />

Assistant Pr<strong>of</strong>essor <strong>of</strong> Accounting,<br />

University <strong>of</strong> Georgia

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