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Boise State Team Wins 2nd Place at KPMG/Seattle University Financial Accounting Case Competition

Students holding award from 2016 KPMG Case Competition

Earlier this month, a team of four accountancy students won second place at the annual KPMG/Seattle University Financial Accounting Case Competition. Ten universities competed in this year’s event, and the Boise State team edged out several large schools (including the University of Washington, the University of Oregon, and others) on its way to winning second place. Team members included Abbie Belthoff, Jakub Bollant, Vinny Gwinn, and Jessika Rouse.

This two-day event, which is in its eighth year and held on the Seattle University campus, brings four-person student teams together from universities all across the northwest region. The teams are given a financial accounting case and then, in three hours, must research the FASB Accounting Standards Codification and other sources, determine a solution, and develop a PowerPoint presentation. The topic of this year’s case involved issues related to lease accounting and the associated deferred tax consequences.

“Our students were amazing, and they did a wonderful job presenting their solution,” said faculty advisor Troy Hyatt. In fact, Troy says that after our team presented its solution to the panel of KPMG judges, he heard one of the judges comment to another judge, “They just knocked it out of the park!”

Abbie Belthoff, one of the team members, commented, “Having the opportunity to travel to Seattle and compete against some of the best business schools in the Northwest was a real honor for all of us. We enjoyed the unique opportunity of being able to apply concepts we’ve learned here at Boise State to a real-world situation. It was a fast-paced, high-pressure situation, but our team rose to the occasion and we are so proud of our second place finish.”

The Beta Beat – Beta Alpha Psi

faculty and students preparing sack lunches

Boise State University’s Beta Alpha Psi Chapter continues to be one of the most innovative student organizations on campus and one of the most active Beta chapters in the United States. In the past year, with only 53 members, the Chapter planned and participated in 1,500 hours of professional activities (a 7% increase over the previous year) and provided over 1,500 hours of service to the local community (a 10% increase over the previous year). The following are a few of the Chapter’s initiatives and accomplishments:

National Conference Kudos: Five Chapter members attended this year’s Beta national conference in Milwaukee. Over 2,000 students from universities across the country attended the conference. For the first time, the Chapter was selected to receive a “Gold Chapter” award.   Only 11 chapters were selected from 320 active chapters to receive this highly selective award that is based on the level and quality of chapter activities during the year. For the fifth consecutive year, a Chapter member was selected to participate in “Project Run With It.” Chance Mildenberger, Chapter Vice President, was one of only 72 students selected to participate on a team of four students, each from a different chapter. The teams are challenged to creatively and collaboratively solve a business problem faced by a non-profit organization. In only 36 hours Chance and his team successfully gained an understanding of the nonprofit organization and its issue, formulated a workable solution, and presented the solution to a panel of judges.

An Endowed Scholarship to Support Students: In the fall of 2014, the Chapter established an endowed scholarship fund for accounting students and committed to raise $20,000 over a five-year period. Because the Chapter met this funding goal in a little more than one year it committed in 2015 to raise an additional $25,000. To date the Chapter has raised close to half of the new five year commitment amount.

Reaching Out to the Community: While the Chapter has always been committed to community service, it continued to expand its efforts. The Chapter through its sack meal program launched last year provided an additional 2,500 meals to local homeless shelters this year bringing the two-year total to over 4,000 meals. Under this program, the members raise money to purchase ingredients and then prepare and deliver between 100 and 125 meals per week. The impact of the program was tremendous as it not only filled a vital community need but it also allowed the members to learn more about the needs of the community. This program was just one of our Chapter’s many service initiatives. Other activities include providing support to Special Olympics, Boise Art Museum, Boise Historical Society, Light the Night, Boys and Girls Club, Boise Zoo, and VITA. These service activities help instill a lifelong spirit of giving and service in these future members of the accounting profession.

Financial Literacy Education: In April the Chapter designed and hosted a half-day financial literacy program which provided 40 middle school and high school students tools to help them understand a wide range of age appropriate topics including planning and money management, saving and investing, and paying for college. Parents attending the event with their children praised the event. One parent commented it was really nice to learn more about what she should be teaching her daughter about finance. An admissions office representative observing the event was so impressed she asked Beta to do a presentation for high school seniors later this summer. In addition Beta has been asked to provide a financial literacy component for a new summer college experience program conducted by the College of Education.

CFOs Exposed: In March 2016, the Chapter partnered with Alpha Kappa Psi (the professional business fraternity), the Financial Management Association, and the Treasure Valley CFO Forum to host the annual CFOs Exposed Event. In addition to formal presentations and informal networking, 30 area executives met in small groups with business students—providing students the rare opportunity to talk directly with business leaders at the highest levels. Over 200 students registered for this year’s event.

Regional Conference: In April of 2016, our Chapter sent 19 members to Beta’s regional conference in Spokane. The conference provides participants the opportunity to share ideas with members of 25 chapters from other northwest universities, network with professionals, and attend professional and personal development sessions.

Annual Banquet: The Chapter closed the academic year by holding its annual banquet on April 20, 2016. More than 120 students, faculty, and business professionals celebrated this year’s Chapter accomplishments and selected faculty and students were recognized for their outstanding contribution to the university, profession, community, and students. The featured speaker was Scentsy CFO Reed Brimhall, who shared his thoughts on how to embrace change during ones career.

2015-2016 Scholarship Recipients

Congratulations to the students listed below who were awarded university and department scholarships during the 2015-2016 academic year!

  • Justin Allen
  • Wesley Armstrong
  • Joel Arteaga
  • Said Barrero
  • Brandon Bunch
  • Jessika Bunn
  • Heidi Carey
  • Eak Chhay
  • Claire Cohen
  • Ethan Coleman
  • Taylor Crawford
  • Victoria Delgado
  • Michelle Alcarez Dimas
  • Hannah Edwards
  • Luis Escutia
  • Karla Esparza
  • Emmanuel Eze
  • Shelby Feld
  • Victoria Ford
  • Karla Gonzalez
  • Paulina Gudgell
  • Zack Gutches
  • Reagan Haldi
  • Landon Hartley
  • Trish Hennie

  • Junlin Huang
  • Hayley Hudson
  • Brendan Hunt
  • Austen Jacobs
  • Rachel Jarms
  • Raphael Johnson
  • Becky Juarez
  • Aram Kim
  • Chancey Knopp
  • Shantel McCashland
  • Deana Nassans
  • Tuan Nguyen
  • Angelica Ramirez
  • Angelica Ceballos Ramirez
  • Jacob Revis
  • Kamal Rizal
  • Nicolette Roper
  • Kyle Ruesink
  • Ivan Sanchez
  • Dane Snow
  • Savannah Story
  • Kyle Van Arsdale
  • Daniel Wernofsky
  • Gregory Wernofsky
  • Alexa Wheeler

Congratulations to the 2015 CPA Exam Passers!

Congratulations to our Boise State University Accountancy Department graduates who have passed the Idaho CPA Exam in 2015!

October – November 2015

  • Alexis Baeyen
  • Orrin Cellan
  • Kathryn Curran
  • Amanda Lipetzky
  • Kimberly C. Nelson
  • Kirby Sandberg
  • Jennifer Schmerer
  • Emily Shoemaker
  • Calixta Stahler

April –May 2015

  • Steven Bennett
  • Nicholas Gaudioso
  • Paul Gorman
  • Cole Mueller
  • Jared Reiman
  • Samantha Teigen

July – August 2015

  • Matthew T. Birkeland
  • Alexi P. Hash
  • Shelby M. Hendrickson
  • Devon L. Jenks
  • Samuel O. Nduko
  • Christian A. Thieme
  • Jessica A. Tulloch
  • Legrand B. Woodward

January – February 2015

  • Mark Corson
  • Amy Meredith
  • Ben Mueller
  • Matthew Nielsen
  • Manank Patel
  • Daniel Popadics

Note: The above list was compiled based on publically available information and is likely incomplete. When you pass the CPA exam please let us know so we can spread the news!

How You Can Help the Department of Accountancy

This is a difficult economic time for many of us. Here at Boise State, declining state support and budget cuts have taken their toll and we need your help to maintain our core teaching mission and prepare the next generation of CPAs. Here are a few things you can do to give back:

  1. Consider hiring our students as interns. Please contact Fred Christensen at fchriste@boisestate.edu.
  2. Participate in Beta Alpha Psi activities. If interested, contact Dan Fox at danfox@boisestate.edu.
  3. Serve as a mentor to an aspiring CPA. Please contact Denise English at denglish@boisestate.edu for more info.
  4. Consider establishing a scholarship for an accountancy student. Contact either Gerti Arnold (gertiarnold@boisestate.edu) or Kris Kamann (kriskamann@boisestate.edu).
  5. Donate to the Boise State University Foundation in support of the Accountancy Department. These funds provide us with the opportunity to enhance the student experience in many ways.
    1. To donate, go to https://give.boisestate.edu/. Select the amount and then under Fund ID search for “BR005” to donate to the Accounting Department Administrative Fund.
    2. Remember, your contribution is tax deductible and qualifies for the State of Idaho credit for donations to educational institutions. Consult your tax adviser.
    3. Remember to indicate if there are any matching grants from your employer.

Thank You Donors!

Thank you to the generous donations made by so many individuals! Your donations directly impact the success of our accounting students. This list is based on gifts recorded April 1, 2015 through February 29, 2016.

$10,000 +

  • Jim and Diane Crawford
  • Darren Kyle
  • Cooper Norman

$5,000 – $9,999

  • Patrick and Mendy Clark
  • KPMG Foundation
  • Treasure Valley CFO Forum

$1,000 – $4,999

  • Shane and Dianna Bartlome
  • John Berg
  • Mark Cowan
  • Gary Dunn
  • Ronald and Denise English
  • Chuck and Mary Hallett
  • Jae and Patty Hallett
  • Travis and Ninna Jensen
  • John and Dena Jozwik
  • David and Kay Koeppen
  • Stephen Leon
  • Eugene and Lana Marchioro
  • Mike and Sally Merz
  • Connie M. Murphy

  • Brady and Monica Panatopoulos
  • Stacy and Mark Pearson
  • Philip Nuxoll and Deborah Snyder
  • Kathy and Jerry Tarter
  • American Endowment Foundation
  • Association of Governmental Accountants
  • Charitable Flex Fund
  • Deloitte and Touche, LLP
  • Deloitte Foundation
  • Eide Bailly LLP
  • Idaho Power
  • Moss Adams Foundation
  • Ripley, Doorn and Company
  • Wells Fargo Foundation

$500 – $999

  • Travis and Terri Burgess
  • Gregory and Cindi Byron
  • Brenda and Mark Chiles
  • Jason and Saundra Coronado
  • Jeremy and Aubrey Cork
  • Roger and Claudia Martell
  • Marty and Thomas Payne

  • Mat and Peggy Runcorn
  • Manny Salazar
  • Ivan Stahle
  • Jessica and Don Tulloch
  • Dave Light and Becky Williams
  • AGRI Beef Management
  • Spark Accounting Solutions PLLC

$99- $499

  • Janice Boyd
  • Bill and Leona Buie
  • Hal Bunderson
  • Jacob and Natalie Catmull
  • Ryan and Richelle Cleverley
  • Stephanie Davison
  • Mark and Debra Flitton
  • Mike and Victoria Guerry
  • Lori R. Gutierrez
  • Quentin and Shirley Howard
  • Kathy and Kelly Hurley
  • Troy and Shanna Hyatt

  • Heidi and Kurt Jewell
  • Reid and Ellen Langrill
  • Angela Martin-Worthington
  • Judy McClure
  • Debra Platts
  • Tom and Sarah Satterlee
  • Richard and Adena Shipton
  • David and Jacqui Shurtleff
  • Eric Simpson
  • Debra Vis
  • Boise Valley Business Services, Inc.
  • The Medtronic Foundation

$1 – $99

  • Kathryn and Ron Bennett
  • Wayne and Jeanne Blanchard
  • Candace and Douglas Boesiger
  • Mark and Mabry Brice
  • Sarah Carter
  • Thomas W. Clayville
  • Rue and Judy Frisbee
  • Raleigh Hawe

  • Sarah M. Mason
  • Carol L. May
  • Cecilia Merz
  • Dan and Lubov Prange
  • Crystal and Joshua Sittser
  • Ron Tatom and Michele Creek-Tatom
  • Alex Williamson

This list is based on gifts recorded April 1, 2015 through February 29, 2016. Every effort has been made to assure accuracy. If, however, you discover an error, please contact Alex Williamson, (208) 426-3461 or email alexwilliamson@boisestate.edu

Mentoring Organizations

The Accountancy Department has an outstanding mentoring program. This year 22 students participated in this amazing program. Thank you to these great organizations for mentoring future accounting professionals.

Mentoring organizations and the number of students who participated include:

  • Ada County – 2 students
  • Deloitte – 3 students
  • Eide Bailly – 4 students
  • Harris & Co. – 2 students
  • KPMG – 3 students
  • Little Morris – 2 students
  • Micron – 4 students
  • Ripley Doorn – 2 students

If you would like to serve as a mentor to an aspiring CPA contact Denise English at denglish@boisestate.edu for more information.

Alumni Profile: Drew McCandless

Drew McCandless portraitDrew McCandless is a great example of someone who can set a goal and works hard to achieve that goal. Drew originally graduated from Utah State University with a BBA in Finance in 1990. Following graduation Drew worked at a finance company in Boise, Idaho for a year. At that point in his life Drew started to evaluate what he wanted to do for the rest of his life and he felt the need to be a part of something bigger than himself, so he walked into the FBI office in Boise. On the recommendation of an FBI recruiter, Drew enrolled in classes at Boise State University and set a goal to get a degree in accounting and obtain his CPA license. He graduated from Boise State University in the fall of 1992 with a BBA in Accountancy, obtained his CPA license shortly thereafter, and started on his career path to join the FBI. Speaking about Drew’s time at Boise State, Dr. Dave Koeppen commented that, “Drew was focused. He was on track and getting things done. He was a man on a mission.”

Drew decided to join the FBI because he wanted a career in law enforcement and he felt like the FBI was a good fit. Since joining the FBI, Drew has spent most of his career working on public corruption and financial crime cases such as corporate fraud and Ponzi schemes. He has also worked on cases involving terrorism money laundering. Drew has worked with different law enforcement agencies all over the world including agencies in Canada, England, and France. Drew credits the accounting program at Boise State for helping him achieve his goal of becoming an FBI Special Agent. Boise State’s accounting department provided Drew with a strong foundation of skills and knowledge to be a successful investigator for the FBI.

When asked what advice he would give to students to help them to succeed in their careers Drew suggested two things. First, to recognize what your gifts are and second, to have both short-term and long-term goals. “It’s all about your focus. If you have a goal and you want to accomplish it you can do a lot when you’re focused. It all comes back to this: if you have a goal don’t lose sight of it. Keep working towards it and someday you can achieve that goal. Be willing to wait to achieve that goal because it’s worthwhile.”

 

Faculty Profiles and Recent Activity

Our faculty have been busy this past year teaching students, organizing conferences, preparing publications, and mentoring future accounting professionals. Read below to see what they have been up to.

Paul Bahnson, Accounting, Studio PortraitPaul Bahnson teaches Intermediate Accounting to our undergraduate students and Financial Accounting Theory in the graduate program. He also teaches first year students in the Executive MBA program. This past summer, Paul and his frequent coauthor, Paul Miller from the University of Colorado at Colorado Springs, published the 5th edition of their book, “The FASB: The People, the Process and the Politics.” The book is available in both bound and electronic versions from Sigel Press.

Ryan Baxter, Accounting, studio portrait

Ryan Baxter teaches Accounting Information Systems with a focus on governance, controls, business processes, and enterprise systems. His research on Gamification for IT security and data privacy training was recently accepted for publication in the American Accounting Association’s Journal of Information Systems. Ryan is the faculty advisor for the Association for Certified Fraud Examiners student chapter at Boise State.

Christensen_Fred

Fred Christensen teaches the undergraduate basic financial accounting course and undergraduate auditing course. Fred heads up the department’s internship program. He continues to teach professional development courses for the American Society of CPAs (AICPA) as a national instructor teaching nonprofit and governmental courses. In 2013, Fred was awarded an Outstanding Discussion Leader Award by the AICPA and in 2014 he was selected as the Accountancy Department Outstanding teacher.

Boise State University(original negative)c_0409_001

Mark Cowan teaches undergraduate taxation and at the graduate level teaches Partnership Tax Law, Multistate Taxation, and the Taxation of Nonprofits. His most recent articles are “Assignment of Income at the Ivory Tower: Relaxing the Tax Treatment of Services Donated to Charities by Their Employees” in the Winter, 2014 issue of the Journal of College and University Law and “Receding Water’s Edge:  State Efforts to Tax Corporations’ Foreign Tax Haven Income” (with Kathy Hurley) in the November 2, 2015 issue of State Tax Notes.  Mark is also the author of Topic 1012, “Unitary Business” in Checkpoint’s Catalyst Library. Mark serves as the advisor for the MSAT program and the concurrent JD/ MSAT program offered in conjunction with the University of Idaho.  He is also co-chair of the Gem State Tax Symposium, a conference for tax professionals featuring national speakers that is held each June at Boise State.

Denise English, COBE, Accountancy, studio portrait

Denise English teaches undergraduate Intermediate Accounting II and graduate Advanced Financial Accounting.  She spent academic years 2013-14 and 2014-15 residing in Taylor Hall with her husband Ron as the COBE Faculty in Residence.  As part of that role, she taught GB150 and mentored 18 COBE freshmen each year as they operated the Simplot Cafe (with Aramark’s oversight).  She recently published two articles in the March 2014 and April 2015 issues of The CPA Journal with Diane Schooley-Pettis regarding the evolution of sustainability reporting and the Sustainability Accounting Standards Board’s development of integrated reporting sustainability standards.  She is a member of the faculty council for COBE’s Responsible Business Initiative (RBI) and had her GB150 freshmen write an article for the COBE Sustainability Report about the COBE Living Learning Community she advised.  She also had her Accounting 510 students provide assurance services for the same report. She continues to conduct research regarding the integration of sustainability reporting with financial reporting and the new Sustainability Accounting Standards Board’s (SASB’s) progress. Denise has been on sabbatical during the 2015-16 year to focus on her research and will return to the classroom Fall 2016.  Denise and Ron enjoy attending BSU football and basketball games.

Dan Fox, Acountancy, COBE, studio portrait

Dan Fox, a retired audit partner from Pricewaterhouse-Coopers LLP (PwC), teaches undergraduate Intermediate Accounting and Financial Statement Analysis. He also developed and teaches a graduate level course in International Financial Reporting Standards during the spring semester. Dan is the faculty advisor for Beta Alpha Psi. He is actively engaged in student career counseling, career search readiness, placement, and community engagement. Dan is a member of the board of directors and audit committee chair for a local public company, and serves on two committees of the Idaho State Board of Accountancy.

Kathy Hurley, Accounting, studio portrait

Kathy Hurley teaches Introduction to Managerial Accounting, Mastering the Accounting Cycle and the VITA Tax Preparation class. The VITA Tax Preparation class provides an excellent service learning opportunity and hands-on experience for students. Our partnership with the Boise Public Library continues and students will each provide approximately 30 hours of income tax preparation services to low-income taxpayers.  Besides teaching, Kathy is pursuing her PhD in Public Policy and Administration.  Her research focus is public policy and the dependent and child care tax credit.

Hyatt_Troy

Troy Hyatt is serving in his third year as Chair of the Department of Accountancy and is the faculty advisor for the MSA students. He also teaches undergraduate intermediate accounting. Troy is the faculty advisor for the KPMG/Seattle University Financial Accounting Case Competition. This two-day event, which is held every April on the Seattle University campus, brings 4-person student teams together from universities all across the northwest region. The teams are given a financial accounting case and then, in three hours, must research the FASB Accounting Standards Codification and other sources, determine a solution, and develop a PowerPoint presentation. Troy also serves on the board of directors of the Idaho Society of CPAs.

Koeppen_David

Dave Koeppen’s primary teaching assignment is the advanced accounting course; he also frequently teaches managerial accounting to undergraduates and graduate students in the MBA program.  Dave is a member of the College of Business and Economics Scholarship Committee, which awards the College’s and the Department’s scholarships each spring; the Committee also assists in the selection of COBE Signature students each semester.  Dave is also active in the community, serving as a board member for the Southwest Chapter of the Idaho Society of CPAs and as Treasurer for the Idaho Association of Service Academy Parents, a non-profit organization supporting students appointed to the five national service academies.

Michael Lee, Accounting, COBE, studio portrait

Michael Lee joined us in the Fall 2011. Michael teaches undergraduate Cost Accounting and Advanced Managerial Accounting at the graduate level.  Michael’s publication interests lie in management control systems, performance measurement, and accounting information systems.

 

Sage_Mary

Judy Sage is a Visiting Professor for the 2015-2016 academic year.  She earned a PhD in accounting at Oklahoma State University and has taught at several different universities.  Judy’s primary teaching interest is in the tax area, and this year she is teaching our undergraduate tax class as well as classes in Tax Research and Income Taxation of Trusts and Estates in our graduate program.  She has published and presented numerous articles. In August 2015 she presented a paper at the annual meeting of the American Accounting Association entitled, “An Investigation of a Self-Managed Learning Project for Teaching Tax Topics at Five Universities.”

New Faculty: Josh Filzen & Eric Gooden (Joined in the Fall of 2015)

Joshua Filzen, Accountancy, Studio portraitJosh Filzen

Josh Filzen, Ph.D., joined Boise State University in the Fall of 2015, after spending two years at the University of Nevada-Reno. He is a native of the Pacific Northwest and an alum of BSU, where he earned a bachelor’s and master’s degree in accountancy. While earning his master’s degree at BSU, Josh had the pleasure of serving as a Graduate Assistant for the department. This experience was what originally inspired him to consider an academic career. Josh is a CPA, and worked for Moss Adams in their Spokane office. While working in public accounting, Josh primarily focused on audits of financial institutions. Josh earned his Ph.D. from the University of Oregon in 2011 and began working at Michigan Technological University as an assistant professor before coming back west.

Josh is currently teaching auditing and financial statement analysis. In the fall he will also teach introduction to financial accounting. Josh’s research interests include accounting disclosure, complexity, and regulation, including how financial analysts use accounting information. However, Josh is also interested in pedagogical issues in accounting as well as practical aspects of the profession. His work has been published in a variety of outlets, including Contemporary Accounting Research, Accounting Horizons, Journal of Accounting Education, ISACA Journal, and Advances in Accounting Education: Teaching and Curriculum Innovations.

It has been exciting to return close to family for Josh and his wife Beth (who is originally from Boise), and their two children. In his spare time, Josh enjoys spending time with his family, skiing, playing golf, and mountain biking. Josh is very excited to be back at Boise State, and has really enjoyed reconnecting with professionals in the area during the past year.

Eric Gooden, Accountancy, studio portraitEric Gooden

Eric Gooden was born and raised in Idaho. He graduated summa cum laude from Boise State University in 2003 with a Bachelor in Business Administration with a major in Accountancy. Eric continued his education at Boise State where he earned his Masters of Science in Accountancy (MSA) in the spring of 2004, where he was named the Outstanding Graduate of the MSA program. Upon graduation he worked as a staff auditor for KPMG LLP.

In 2012, Eric earned his PhD. degree in Accounting from Florida State University where he had focused on accounting research employing experimental-behavioral methodology. Prior to coming to BSU Eric worked as an assistant professor in accounting at Virginia Commonwealth University. Eric’s research and teaching interests include both financial accounting and auditing topics.

In the fall of 2014, Eric’s study, “The Impact of Rule Precision, Information Ambiguity, and Conflicting Incentives on Aggressive Reporting” was published in the journal Advances in Accounting Behavioral Research. His hobbies include running, reading, and weightlifting. His passions include watching his beloved Florida State football team and watching movies.

As a first generation college student he credits the accounting faculty at BSU as a source of strength, guidance, and support throughout his collegiate, professional, and personal life. Eric has really enjoyed teaching at Boise State. One of his favorite quotes is from Abraham Lincoln who said, “The best way to predict the future is to create it.” Eric is pleased to be working with top students in the accounting department that he believes have the capability of shaping the future of both the accounting profession and the global business environment for the better.