Dynamic Learning Community : Accounting Prep
By Liz Warren-Pederson
Eller undergraduates test skills in PricewaterhouseCoopers case competition
This fall, 60 Eller students participated in the PricewaterhouseCoopers (PwC) Tax and Accounting Campus Competitions (xACT).
xACT focused on general business issues with real-world implications, and students ranging from sophomores to graduate students participated on 12 teams. “We also had terrific support from eight faculty members who served as advisors to each of the teams,” says Elizabeth Pruett of PwC, who organized the event.
The students were given a case that required them to analyze two business scenarios for a utility company that was unable to meet its customers' demands. The first option was to invest $25 billion internally for research and development; the alternative was to acquire a key competitor with a significant supply of resources, also at a cost of $25 billion. The students acted as mock PwC consultants to evaluate the scenarios and arrive at a solution for the company to provide secure, reliable, affordable, and environmentally sound energy supplies in the short and long-term.
The first- and second-place teams each received $1,000, while the third-place team received iHome theaters. The winning team members — John-Mark Bantock, Case Giacomelli, Dominic Giovannetti, Kourtney Nelson, and Yerbolat Zhumakhmetov — will have their presentation video submitted to the PwC’s national office for the chance to win a trip to New York City and $10,000.