accounting

A group photo with all I S B F participants

Smeal student represents Penn State at student business forum in Bangkok

4/23/13

Penn State Smeal College of Business student Katie Hartman, a junior in the Integrated Master of Accounting Program, spent three days in Bangkok last month as the Penn State representative at the Deloitte International Student Business Forum.

Penn State students with faculty adviser

Accounting students take third at Deloitte National Trueblood Case Competition

4/22/13

A team of Penn State Smeal College of Business Accounting students placed third in the Deloitte National Trueblood Case Competition, held on April 6 at the Deloitte University facility in Westlake, Texas.

PwC's Osborne named Accounting Alumnus of the Year

3/26/13

Geoffrey Osborne, a 1976 Penn State Smeal College of Business accounting graduate, has been selected to receive the 2012-13 Accounting Alumnus of the Year award.

Students preparing for their final presentation at the Marshall International Case Competition

Smeal case team takes third place in international competition

3/4/13

Four Penn State Smeal College of Business students recently returned from the Marshall International Case Competition at the University of Southern California with a third-place trophy -- the highest position of all participating American universities.

Smeal student organization hosts networking and etiquette event

2/19/13

On Friday, Feb. 8, the National Association of Black Accountants (NABA) hosted its annual Netiquette dinner, a chance for students to learn about and practice networking skills and proper dining etiquette.

Accounting students preparing tax returns for local families

2/6/13

Accounting students in the Penn State Smeal College of Business begin work today as greeters and tax preparers for the Penn State Volunteer Income Tax Assistance (VITA) program.

VITA is a nationwide, Internal Revenue Service (IRS) sponsored program that provides free tax preparation to low income, special needs and senior citizen taxpayers. Each year many students at Penn State volunteer their time to assist in tax preparation for members of the local community. This year, 38 of the 52 volunteers are Smeal accounting students.

IRS simulation gives desk-bound accounting students more options

12/4/12

John Wells is first through the door, his gun drawn, his badge out, his adrenaline up. He has a warrant. He wants the receptionist to move away from her computer. But he's laughing. It could be the gun, which is plastic and pink. It does sort of ruin the effect. It could be that he's new to this - not an actual police agent, but a student. An accounting major, of all things.

"This whole exercise definitely opened my eyes," he will say later, during a debriefing with the real agents. "All the stereotypes against accountants have just totally been proven wrong."

That was the real purpose of the Internal Revenue Service Project at Penn State Erie, The Behrend College, a daylong simulation coordinated by the Internal Revenue Service's Criminal Investigation division. The 19 students who participated got to try the CI life: They questioned suspects, examined financial records and arrested two actors - agents who volunteered for the handcuffs - after a surveillance exercise on the Burke Center loading dock.

Student team melds digital device with traditional clipboard

11/6/12

Frustrated with having to juggle a clipboard and his iPhone when trying to reference an email and take notes at the same time, Kevin Merilini, an accounting student, and some of his friends set out to solve this problem of using these two office tools at the same time. The students came up with a clipboard with a powerful industrial strength suction cup-based holder, to help productivity and hold the iPhone in place. Dubbed Clipboard+, the new product gives users the ability to use their iPhone without the difficulty of jotting down notes with old-fashioned pen and paper at the same time.

Anderson receives Penn State Beaver Outstanding Alumni Award

1/27/12

David D. Anderson is the recipient of the 2011 Penn State Beaver Outstanding Alumnus Award. The award recognizes Beaver alumni who have distinguished themselves through career achievements as well as campus and community involvement. Beaver Chancellor Gary Keefer presented the award to Anderson at the Jan. 25 dinner meeting of the Penn State Beaver Advisory Board.

Smeal's one-year accounting master's program accepting applications

10/27/11

The Penn State Smeal College of Business is now accepting applications for fall 2012 admission to its new One-Year Master of Accounting Program. The one-year MAcc Program is intended for recent college graduates who need to complete additional coursework to become a certified public accountant (CPA). To be licensed as a CPA in nearly every state, including Pennsylvania, individuals must now complete 150 credit-hours of education to meet the expanding demands of the profession. The One-Year MAcc Program is open to students with bachelor's degrees in a wide variety of disciplines, not just accounting.

Accounting alums dash stereotypes at Penn State Abington forum

10/21/11

The panelists laughed, joked and were clearly passionate about their profession. They stressed the importance of interpersonal skills, entrepreneurship and versatility. But the words debit and credit were never uttered, so it may be surprising that the dynamic career they were championing was accounting.

Better earnings quality: Public or private equity firms?

11/9/10

In recent research, Dan Givoly, Ernst & Young professor of accounting at the Penn State Smeal College of Business, and coauthors Carla Hayn of the University of California, Los Angeles, and Sharon Katz of Harvard University, compared the earnings quality of privately owned firms with those of publicly owned firms in order to understand how public ownership affects earnings quality. The researchers found that both management incentives and demand by investors for earnings quality are important factors that shape the financial reporting of public equity firms.

Business mergers announced on Fridays draw less investor attention

8/17/10

Announcing a merger on a Friday may not be the best idea if you want people to pay attention. Research by two Penn State accounting professors suggests that investor inattention results in lower trading reactions to Friday merger announcements. In a forthcoming issue of Management Science, Henock Louis, associate professor of accounting at the Penn State Smeal College of Business, and Amy Sun, assistant professor of accounting at Smeal, detail the impact of this inattentiveness on acquirers' trading volumes and returns around merger announcements.

Accounting graduate included on roster of exemplary seniors

7/9/09

Gina M. Indelicarto, a cum laude graduate of Pennsylvania College of Technology's four-year accounting major, has been included among the Pennsylvania Institute of Certified Public Accountants' "outstanding seniors." Indelicarto is listed among this year's award-winners at PICPA's CPAZone, a Web site exclusively dedicated to Pennsylvania students and educators interested in the accounting profession.

Probing Question: How do Ponzi Schemes work?

6/29/09

Imagine the shock, the horror, and the sheer panic that would come with learning that the financial plan you'd sunk your life savings into was a sham, the financial experts you trusted were crooks, and all your money was gone.

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