A team of five Mihaylo accounting students involved with the Mihaylo Tutoring Center win the Accounting Case competition on April 30.
A team of five Mihaylo accounting students, all involved with the Mihaylo Tutoring Center for the 2014-2015 academic year, won the annual Accounting Competition on April 30. The team consisted of tutors Angelia Bunardi ’15, Stephanie DeVoy ’15, Nathan Levine ’16 and Hang Pham ’15, and front desk coordinator Evelyn Tham ’17.
Seven teams of Mihaylo students entered the competition with five advancing to the final round. The case involved a steel company that had repurchased stock for the first time and did divergent journal entries over two consecutive years. Teams were tasked with determining whether they believed the differences were due to human error or the use of different accounting principles and presenting their argument with supporting evidence. While each team was presented with the same analysis, they had to provide novel solutions to the panel of five judges, comprised of real-world accounting managers from Deloitte and PWC as well as two Mihaylo accounting professors.
“I believe the case competition is an excellent opportunity for any accounting student to develop research skills, work skills, time management and public speaking abilities,” Pham says. “I have gained knowledge in addition to what is taught in class and have learned the importance of teamwork. The case competition has brought all the members close to each other. It has been one of the most memorable experiences I have had at CSU Fullerton.”
“This competition gave me a taste of working on a team and problem-solving in the real-world,” Levine says. “Teamwork also showed me the importance and dynamics of delegating responsibility, as opposed to doing a solo project.”