Thursday, June 14, 2007
USI accounting team qualifies for national competition
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A team of USI accounting students is among the “final four” teams for the second straight year in the national finals of the Student Case Competition sponsored by the Institute of Management Accountants. The students from the USI College of Business will make a live presentation June 17 at the 88th IMA Annual Conference and Exposition in Phoenix, Arizona. Team members are Andrew Eddmenson of Madisonville, Kentucky; May Flores and Kathleen Fuller of Newburgh, Indiana; and Amy Oglesby of Galatia, Illinois. Faculty advisors are Dr. Brian McGuire, chair of the Department of Accounting and Business Law, and Jeanette Maier-Lytle, instructor in accounting. Twenty-five teams from universities throughout the country entered the first round of IMA competition. To qualify for the finals, each team prepared a 15-minute DVD presentation and submitted it for blind judging. The case for the 2007 competition is on the topic of costing techniques. Students analyzed various techniques (activity-based costing, throughput costing, and resource consumption accounting). DVD presentations were judged on the basis of technical content, presentation skills, case analysis style, organization of presentation, and strength of recommendations and conclusions based on the case requirement. As a finalist, the USI team received an award of $3,000. The winning team in the final round will receive an additional $2,000. Judges will be selected from industry and academia across the country. While IMA officials have notified the four individual teams selected for the final round of competition, they have not made a general announcement of the four finalists. Teams will learn who their competitors are when they arrive at the national IMA meeting. USI College of Business accounting teams have won the case study competition sponsored by the Indiana CPA Society (INCPAS) for three straight years (2004-06). In addition, an accounting team representing USI’s chapter of Beta Alpha Psi honor society won a regional “Best Practices” competition in March and will compete nationally in August at the Beta Alpha Psi Annual Meeting in Chicago. Three students who will compete at the IMA event in Phoenix have experience from other award-winning USI accounting teams. Eddmenson and Flores were members of USI’s first-place team in the 2005 INCPAS competition and this year’s winning BAP team; Flores and Oglesby were members of the first-place team in the 2006 INCPAS competition. At the IMA finals, the team’s 15-minute live presentation will be followed by a single question from the judges. The Student Case Competition is sponsored annually by IMA to promote sound financial/accounting analysis and presentation skills. IMA is an organization for management accounting and finance professionals. It has about 70,000 members worldwide. |
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