For an historic third time in four years, Wright State University accountancy students qualified two teams for the recent national finals of student case competition sponsored by the Institute of Management Accountants (IMA).
The Raj Soin College of Business students constitute the only team in the history of the competition to ever have two teams among the four finalists on three occasions. For their efforts this year the team received $6,000 in cash awards that will be used to support future Wright State student competition in the IMA event.
John Talbott, Ph.D., a professor of accountancy and mentor to the teams, said this year’s competition focused on the value of a resource consumption accounting system and its ability to provide a fictitious paint manufacturing firm with the information needed for strategic, long-term decision making.
“Once again our students proved that they are tops in the nation when it comes to applying the strategic implications of accounting principles to real-world business challenges,” Talbott said. The student case competition is sponsored annually by IMA to provide an opportunity for students to interpret, analyze, evaluate, synthesize and communicate a solution to a management accounting problem.
Members of the two teams were Amanda Price, Rachel Schaeffer, Alex Stout, David Knapke, Katrina Overfield, Charles VanDine, Matthew Watson, Adam Koenig and Diana Dafler. Most of these students graduated in June, with Schaeffer, Koenig and Knapke now working with Deloitte, Overfield has joined Ernst & Young, VanDine is with Wright-Patterson Air Force Base and Stout is with the firm of Clark, Schaefer, Hackett in Springfield.
Wright State has won this 15-year-old competition more than any other college in the nation, with titles in 1992, 1994, 2000, 2001 and 2005. The winner this year was North Carolina State University.
For more information, contact Talbott at (937) 775-2720.