Wednesday, October 31, 2007
USI accounting team is finalist in statewide competition
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A team of accounting students from the University of Southern Indiana College of Business has been selected as one of six teams from Indiana universities that will give oral presentations November 2 in Indianapolis as finalists in the Indiana CPA Society Case Study Competition. The USI team has won the statewide competition the past three years. USI has competed for seven years, placing among the final six teams in six of the seven years. This year’s team includes Jacob Cottingham, senior, of South Bend, Indiana; Brad Greene, junior, of Georgetown, Indiana; Angela King, junior, of Santa Claus, Indiana; and Amy Oglesby, senior, of Galatia, Illinois. Jeanette Maier-Lytle, USI instructor in accounting, is faculty coach for the team. Oglesby was a member of last year’s winning team. Adam Knepp and May Flores of USI’s 2006 team also advised this year’s team. Other teams in the finals represent Butler University, Indiana University-Purdue University Indianapolis, Manchester College, Saint Mary’s College, and Valparaiso University. Teams from Anderson University, Ball State University, Indiana University-Bloomington, Purdue University-Calumet, and University of Notre Dame also entered the competition. Each team had 10 days to prepare a written case study relating to succession planning and business valuations. The finalists were selected after evaluation of the written cases. Each team in the finals will give a 15-20 minute oral presentation to a panel of four judges. A brief question and answer session will follow. Awards will be presented following the competition at the CPA Celebration at Historic Union Station in Indianapolis. According to the American Institute of Certified Public Accountants, recent research indicates that a wave of baby-boomer CPAS retiring in the next 20 years, coupled with a shortage of management staff to take their places, could result in a buyers’ market for firms. These conditions make it critical that current practitioners begin succession planning to secure their firm’s future. In the coming years, many of today’s college accounting students will be faced with deciding whether to build or buy a practice. The INCPAS case study competition is designed to challenge students with a practical project requiring them to use their knowledge, skills, and judgment. Kathy Funke News and Information Services kfunke@usi.edu 812/465-7050 |
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