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INSIDE AICPA
AICPA Accounting Competition winners tackle national economic issues  
March 2013

A student team from The University of Texas at Dallas won the 2012 AICPA Accounting Competition.

This year’s competition challenged teams from around the country to advise a hypothetical presidential candidate on viable solutions to some of the nation’s pressing economic concerns—Social Security, the federal deficit, and income tax.

The winning team, named Working Capitol, received a $10,000 prize; the second place team from Albion College in Michigan received $5,000; and the third-place team from North Carolina State University received $2,500.

Working Capitol’s submission discussed their candidate’s platform on tax reform and explored the details of how they would solve the issues faced today by simplifying the Internal Revenue Code and making it easier to understand.

Members of the winning team are:

  • April Crawford (captain)
  • Shahrzad Azimi (member)
  • Trey Sweeney (member)
  • Samuel Teichelman (member)
  • John Barden (faculty adviser)


Student teams from around the country entered initial proposals, and 20 were chosen to participate in the semifinals. Semifinal teams submitted video proposals to be posted on thiswaytocpa.com, and the public voted on the best ideas. Those results, and a review by an executive judging panel, narrowed the field to three final teams, which presented their ideas to a panel of judges and participated in a question-and-answer session. The awards were funded by the AICPA Foundation.

For more information about the competition or to watch the video submissions, visit thiswaytocpa.com.


INSIDE AICPA
New position to focus on AICPA’s management accounting relationships  
March 2013

Ashok Noah joined the AICPA as vice president–External Relations, Management Accounting.  

The new position will play a critical role in the AICPA’s joint venture with the Chartered Institute of Management Accountants (CIMA). Noah will work closely with CIMA and with CFOs and CEOs of Fortune 1000 companies and other significant organizations, acting as a liaison between those companies and the AICPA.

Noah has held CFO and other senior management positions in several countries. He served as CFO in Europe, Asia Pacific, Americas, Middle East, and Africa business units at TNT, a global express shipping company. While at TNT, he worked with CIMA to help build the finance competencies within TNT. 

“Ash is a wonderful addition to our staff,” said Arleen Thomas, AICPA senior vice president–Management Accounting & Global Markets. “His passion for CGMA and CPAs in business is second to none. His experience in passing the CIMA examinations and from working around the globe are invaluable assets to the AICPA.”


INSIDE AICPA
Professor honored for lifetime contribution in management accounting  
March 2013

Ken Merchant, the Deloitte & Touche LLP Chair in Accountancy and professor of accounting at the University of Southern California Marshall School of Business in Los Angeles, received the American Accounting Association’s 2013 Lifetime Contribution Award.

Sponsored by the AICPA, the award recognizes individuals who have made an important mark on management accounting education, research, and practice.
 
Merchant was honored for his research and teaching in management accounting, including topics that advance business practice, innovative case-based teaching focused on how business actually operates, and his service to companies and professional organizations.

Merchant also served as dean of USC’s Leventhal School of Accounting. Before joining USC, he taught at Harvard Business School and the University of California, Berkeley.

He served on the AICPA Business & Industry Executive Committee from 2003 to 2010. Merchant has received numerous awards and an honorary doctorate from the Turku School of Economics (Finland).


INSIDE AICPA
Paper on product costing recognized for potential impact on management accounting  
March 2013

Ramji Balakrishnan, Eva Labro, and Konduru Sivaramakrishnan received the American Accounting Association’s Greatest Potential Impact on Management Accounting Practice Award for 2012 for their two-part paper, “Product Costs As Decision Aids: An Analysis of Alternative Approaches.” 

The award, sponsored by the AICPA and CIMA, recognizes academic papers that are considered to most likely have a significant impact on management accounting practice.

The winning paper, which was published in Accounting Horizons, an AAA publication, compares four kinds of product-costing systems: traditional volume-based systems, activity-based costing systems, time-driven, activity-based costing systems, and resource-consumption accounting.

Balakrishnan is the Carlson-KPMG Research Professor of Accounting at the University of Iowa’s Tippie College of Business; Labro is an associate professor of management accounting at the University of North Carolina’s Kenan-Flagler Business School; and Sivaramakrishnan is the C.T. Bauer Endowed Chair of Accounting at the University of Houston’s C.T. Bauer College of Business.


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