University of South Carolina Darla Moore School of Business School of Accounting Reflections 2010 Reflections 2010 Table of Contents From the DirectorвЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦ 3 Friends of AccountingвЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦ 5 Private Gifts and SupportвЂ¦вЂ¦вЂ¦вЂ¦вЂ¦ 6 SOA NewsвЂ¦вЂ¦вЂ¦..вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦ 8 Faculty RecognitionвЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦. 10 Student RecognitionвЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦ 14 Alumni RecognitionвЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦ 24 School of Accounting FacultyвЂ¦вЂ¦вЂ¦вЂ¦ 26 Reflections is a publication for alumni and friends of the University of South Carolina School of Accounting. Address correspondence to Reflections, University of South Carolina, Darla Moore School of Business, School of Accounting, 1705 College Street, Columbia, SC, 29208. Phone: Fax: E-mail: 803-777-0170 803-777-0712 [email protected] This publication is produced and distributed to alumni and friends of the University of South Carolina School of Accounting through the generous support of private donors. Reflections Staff: Brad Tuttle, Department Chair Mariah Lynch, School of Accounting Lecturer Cynthia Parker, Editor Michael Slapnik, FAD Representative Charles, Boster, Graduate Student Representative Doug Brown, Undergraduate Student Representative Mission Statement School of Accounting Darla Moore School of Business University of South Carolina Three interrelated missions of education, scholarship, and service comprise the overall missions of the School of Accounting. The School of Accounting is dedicated to excellence in all three missions. EducationвЂ”Prepare students to become either successful accounting professionals in a global information society, or Ph.D. qualified accounting academics. ScholarshipвЂ”Contribute to the accounting discipline and profession through the discovery, integration, and application of knowledge. ServiceвЂ”Contribute to the international, national, state and local accounting academic and professional communities. 2 Reflections 2010 Letter from the Director Dear Friends, Contributors, Alumni, Students, Accounting Professionals, and Faculty, I am pleased to introduce myself as the new chair of the School of Accounting in the Darla Moore School of Business. My first order of duty is to wish the prior chair, Dr. Tim Doupnik, best wishes on his new appointment as University Vice Provost with international programs and initiatives as his primary area of responsibility. Tim served the School of Accounting and the Darla Moore School of Business with distinction. During the time he chaired the School of Accounting, the number of accounting majors nearly doubled. Tim was also instrumental in hiring a number of outstanding new faculty members and successfully achieving AACSB re-accreditation specifically for the School of Accounting. Before I provide some highlights regarding the school, it is only fair that I discuss the School of Accounting within the broader context of todayвЂ™s higher education. Higher education is undergoing tremendous and surprising changes as a result of a number of macro forces. Our particular university faces unprecedented budget pressure as direct state funding continues to decline precipitously towards zero. According to one group, which tracks state funding on higher education (see http://www.grapevine.ilstu.edu/ statereports/index.htm), South Carolina leads the nation in declining appropriations to higher education during 20082009. But it isnвЂ™t just direct state appropriations that are changing. A recent report titled, вЂњGlobal Recession and Universities: Funding Strains to Keep up with Rising DemandвЂќ by MoodyвЂ™s Investors Service (June 2009) suggests that the traditional endowment model for funding universities has not fared well during the recession and that philanthropic giving to education is facing stiff competition because of alternative demands on giving. Tuition is approaching the maximum that students and families can afford or are willing to pay. Within this context, faculty salaries and brick and mortar facility costs continue to increase. Simply put, we must find new efficient and effective ways to deliver quality education. Consider for a moment the question as to whether the market for education is growing, shrinking, or stable. This question can be answered by looking at the shape of the U.S. population pyramid. These shapes typically fall into one of four basic patterns as shown below (source: http://wikipedia.org). It helps to keep in mind that at any age, everyone is already born so that we already know how many 18 year olds there will be 17 years from now because they are all already born! Compare these with the U.S. population pyramid (source: http://www.census.gov/ipc/www/idb/country.php). The shape of the pyramid on the left suggests that the U.S. population is contracting and that the population ages 0 through 25 is stable at best. (This trend is somewhat masked by the recession which has induced many individuals to return or stay in college that otherwise would be in the workforce.) Facing a contracting population has tremendous implications for education and for universities when our primary product is that population. It means that traditional college education is a mature industry. Furthermore, todayвЂ™s typical form of higher education resembles the cottage industries of the pre-industrial revolution. For example, there are thousands of individualized syllabi across the same accounting course. 3 Reflections 2010 Letter from the Director These various approaches to teaching the same course simultaneously exist within hundreds of individualized accounting curriculum across universities. That is, todayвЂ™s professor works in an environment and in a manner that is very similar to shoemakers, tinkers, and blacksmiths from a few hundred years ago. Here, every person works independently to produce their own version of value. Furthermore, organizational boundaries (i.e., school, state, and national boundaries) tend to be artificial rather than market driven. The market (i.e., students) does not demand this level of customization and we are starting to see some very important technology enabled changes that address these issues. So how is the School of Accounting at the University of South Carolina responding to these challenges? First, we are committed to maintain live, face-to-face, interaction between an instructor and our students in all courses. We believe our students need and demand this type of individualized attention. Students are not pairs of shoes nor are they pots and pans. Our students are ambitious and tend to think regionally and often nationally. They look for their education to provide them with relevant technical knowledge and the ability to reason through complex issues. Our students are heavily recruited by the national and regional accounting firms and despite the economy, last year we placed nearly 100 percent of our graduate students. One reason employers seek our students is that we give them a rigorous technical education and we get them to think. Indeed, almost every graduate student passes the CPA exam before starting their full-time job. Second, we are concerned about the cost (both in terms of time and money) that it takes to complete a college education in order to land a good job. Some find it surprising to learn that one out of three of our accounting students are double majors. Of our 487 currently declared accounting majors, 85 are double majors in finance and another 42 are double majors in international business. Many of these students continue on to graduate school and our MACC program. This is unprecedented and underscores the emphasis that students place on obtaining a high quality, technical education. Third, we continue to enhance our national standing by producing cutting edge research that is recognized nationally and internationally. A very tangible evidence of our success is the doctorial students who come to South Carolina to obtain their Ph.D. In 2008, a consortium of 40 accounting firms came together and created the Accounting Doctoral Scholars (ADS) program in order to ensure the production of Ph.D. qualified faculty who could teach audit and tax. During the first two years of the ADS program, we attracted four externally funded ADS scholars into our Ph.D. program (total funding approaches a half million dollars). While program results for the current year are not yet available, last year only three other schools besides South Carolina (University of Texas, University of Illinois, and University of Connecticut) attracted more than one ADS scholar and many top ranked programs attracted none. Our doctoral students typically go to other research institutions upon graduation. In terms of academic research, a recent study ranks the accounting department in the Darla Moore School of Business second in the nation for experimental research. Furthermore, we are in the top ten rankings for experimental research in tax, audit, financial, managerial, and information systems areas. These rankings are created by counting research publications in top journals. That is, they represent actual accomplishments not influenced by an opinion poll. What is more, the areas that we excel in represent core functions in accounting with plenty of competition among other universities rather than narrowly defined niche fields. In short, the accounting department consists of a tremendously active and vibrant research faculty, many of whom possess global reputations. This is an exciting time for the School of Accounting. We are facing our challenges head on and we are committed to maintain the School of Accounting as a pillar of excellence within the university. WhatвЂ™s more, we exist within the home of the Darla Moore School of Business which provides global thought leadership in the area of sustainable international business and which is in the process of designing and constructing a new business building. If you would like to get involved in the School of Accounting, I would like to hear from you. We have an outstanding organization, the Friends of Accounting and we have an active Center for the Advancement of Accounting. Both of these provide multiple opportunities for involvement. Brad Tuttle Chair, School of Accounting 803-955-7124 [email protected] 4 Reflections 2010 Friends of Accounting Note from FAD Chair, Stacy Stokes Hello to all. The Friends of Accounting (FAD) Board continues to work with the School of Accounting (SOA) and with University of South Carolina (USC) accounting alumni. We are excited about the direction of the SOA. FAD continues to provide support in many areas and strives to help bring a feeling of pride to all faculty, friends and students when they think about the SOA. I would like to take this opportunity to thank Tim Doupnik, Past Director of the SOA, for all of his efforts over the past years. He always worked with the Board in an effort to provide us with the information that we needed to be able to help him and others in the SOA. We look forward to working with the current director, Brad Tuttle, in the coming years. We have already hit the ground running and Brad has many ideas that we think will foster a great working relationship between the SOA and FAD. Brad has taken time out of his busy schedule during his transition period into his new post in order to meet with our Executive Committee several times to incorporate his vision for the SOA and FAD. I am excited about some of these ideas which may require some change in the direction of the FAD Board. While change can sometimes be difficult, the rewards in the end can be instrumental in helping make the SOA a shining star among its peer schools. Hopefully we will be able to report more of these details in the future. Stay tuned. If your memory is good, the next item may sound familiar. Yes, we continue to work toward the successful implementation of a mentoring program that will help match accounting students with accounting professionals. The goal of the program is to provide students an opportunity to learn from accounting professionals and to have a вЂњsounding boardвЂќ to help them with the challenges they face as they prepare to enter the workforce. Mariah Lynch of the SOA is helping with this program and she has the full support of the FAD Board. We now need the support of professionals like you. If you are interested in being a mentor, please contact Mariah at [email protected]. The 2010 FAD Kickoff Event held this past August was a huge success. We had over 260 attendees who enjoyed great food and fun. A big thank you to everyone involved with getting this event pull together. Based upon the feedback, everyone had a great time and enjoyed the fellowship. If you missed it, we hope that you get the chance to participate in the future. In closing, I would encourage you to become active with the University of South Carolina School of Accounting and to be a supporter of FAD. There are several areas where you can volunteer: 1) become a FAD Board member, 2) join the mentoring program, 3) attend the FAD Fall Kickoff social and other FAD events and/or 4) make a contribution to the SOA. We have many firms represented on the FAD Board this year and it is encouraging to see all of the alumni that have volunteered their time to help the SOA. Warmest regards, Stacy Stokes Chairman, FAD Michael A. Ek American and Efird Stacy Stokes Chair Elliott Davis, LLC Mark Fryer Davis Garvin Alex Counts Vice-Chair SC Adjutant GeneralвЂ™s Office Graham Gage Ernst & Young Michael Slapnik Treasurer Scott McElveen, LLP Timothy P. Gallagher Grant Thornton, LLP Friends of Accounting (FAD) Board Kristie Cross Secretary Palmetto Health David Lewis Past Chair Cox Industries Kyle C. Harrelson Boyd Management Inc. Jessica Hatchell KPMG Artie Hughes Wilbur Smith Associates Sarah McGregor Cherry Bekaert Holland Trey Ackerman Dixon Hughes PLLC Christina Putnam SCANA Katie Conner Bogan PricewaterhouseCoopers Russell Quattlebaum J.W. Hunt & Company, LLP C. Mark Bokesch Bokesch and Tipton Jimmy Sfiris Delta Apparel Todd Dailey Derrick, Stubbs & Stith, LLP Blair Southerland Lowes Companies, Inc. Thomas Duncan Grant Thornton LLP David Ward Bauknight, Pietras & Stormer, P.A. 5 Reflections 2010 Private Gifts & Support Each year we thank our generous contributors for their munificent donations to the School of Accounting. This year is no exception. Your contributions fund scholarships for accounting students, provide research funds for accounting faculty, pay for software and cutting edge technology to aid in teaching and research, and aids the School in preparing our students for job placement. The problems with the State of South CarolinaвЂ™s budget are ones of which we are all aware. Allocation of state funds to institutions of higher education, including the stateвЂ™s flagship university, the University of South Carolina, have significantly decreased. The University and its departments must depend on private donations for a larger share of its operating costs. While these are tough economic times for all, the School of Accounting needs your support more than ever. Your contributions have never been more important than they are at the current time. For all of you who continue to support the School of Accounting, we offer our sincerest gratitude and appreciation. Individual Contributions Up to $499 Thomas Anderson Franklin Baum Beverly Bergeron Lauren Bingham Brian Borry Joseph Brownlee Deborah Brumbaugh Clyde Buchanan James Burkett Douglas Burnette Norma Burnette Mark Cecchini Kam Chu Chan M. Cannaughton John Cooke Lisa Cooke Kenneth Corbett Kristie Cross Benjamin Cunningham Robert Davenport Suzanne Davenport John Drawdy Gordon Drummond Nancy Drummond Ashley Dubler Josh Elliott Kelly Elliott Laura Faile Diana Falsetta Jeffery Fitzharris Stanley Freeman Mark Fryer Timothy Gallagher Glenn Givens Frederick Golod Mitzi Golod James Gravino Daryl Guffey Denise Gunter McKinney Hamilton Kathryn Hedricks Raymond Hendrix Barbara Hevener Gayle Hewitt Jason Holben Alvin Hook Linda Hook Dale Huggins Thomas Hughes Donald Hunter David Kelley Victoria LaRoche Robert Leitch Barbara Lewis Paul Lewis William Lundy Barry Meyers Rufus Moore Joshua Neal Mary Ellen Palker Jack Peterson Sarah Peterson Tina Poindexter Frederick Quinn Michael Ravan Bryan Richardson Theodore Rodgers Larry Seese Michael Slapnik Brenda Snipes Philip Snipes Byron Sonner Marjorie Sonner Christy Tinnes Brad Tuttle Dennis Wade Marie Wade Jianqiang Wang Eldora Whitcomb Philip Wilkes Patricia Wilson Ronald Wilson Adam Wilson Kathy Wilson Jennifer Winchel $1000вЂ”$2499 Tim Doupnik Janice Fergusson Scott Fretheim Scott Jackson Rebecca Kerr Caroline Strobel Scott Vandervelde $2500вЂ”$5000 Jason Caskey $25000 and over Evelyn Brittingham Corporate and Firm Contributions Up to $499 KPMG Foundation V J Emergency Services $500вЂ”$999 Clayton Rawl Farms $1000вЂ”$2499 Grant Thornton Foundation Ernst & Young Foundation $2500вЂ”$5000 Dixon Hughes PLLC Over $10,000 Brittingham Brown Prince & Hancock LLP $500вЂ”$999 Katie Bishop Mark Dedick Valeriya Dokshukin Robert McMichael Andrew Parks James Wilson 6 Reflections 2010 Reflections Reflections Editorial Committee In an effort to appeal to a wider audience, the Reflections committee has expanded to include not only School of Accounting faculty and staff (Brad Tuttle, SOA Chair; Mariah Lynch, SOA Lecturer; Cynthia Parker, Admin. Assistant), but also representatives of the Friends of Accounting, our undergraduate students and our graduate students. Michael Slapnik represents the Friends of Accounting (FAD) and has been a delightful and helpful addition to the Reflections team. Douglas Brown is our undergraduate student representative and Charles Boster is our graduate student representative. Both have been very helpful and full of ideas for our publication. We are very happy to have all three join our team and are excited about their contributions to the publication. Student Success Center at USC as a Supplemental Instruction Leader and currently works in the USC Budget Michael Slapnik, CPA serves as Partner, Office/Office of Trademarks and Licensing, where he assists in fund transfers and tuition regression research. Assurance and Advisory Services for Scott and Company, LLP. He is a native He has signed an engagement to intern with PricewaterhouseCoopers LLP in their Charlotte office in their SDI of North Carolina and graduated with a B. S. in Business Administration from the Program. University of South Carolina. Michael Charles Boster has twelve years of auditing and accounting experience in South Carolina assisting professionals and business Charles received a B.S. in Textile & Apparel Engineering Technology owners with all areas of assurance and advisory services. from Southern Polytechnic State University in Marietta, GA in 1997 and is currently working on his MasMichael is a member of the American Institute of Certified Public Accountants (AICPA) and the South Carolina ters of Accountancy degree at the Association of Certified Public Accountants (SCACPA) University of South Carolina. Thirand is certified to practice in South Carolina. Michael teen years of work experienced serves on the board of directions as treasurer for the honed his love for financial and Activity Center at Maxcy Gregg Park and for the Juvenile managerial accounting and served Diabetes Research Foundation (JDRF), Palmetto Chapas the catalyst for his decision to ter and is an active member at Greene Street United return to the University. Those years included positions Methodist Church. Michael is also on the Executive as a Quality, Value and Yield supervisor at GeorgiaCommittee as Treasurer and member of the Friends of Pacific, a Plant & Production Manager at Mountville Mills, Accounting (FAD) board at the University of South Caro- Inc., an Industrial Engineer and Payroll Manager at Dan lina. He also participates in the USC mentoring program. River, Inc, and a Process Engineer at Milliken & Company. On campus, he is a member of Beta Alpha Psi and serves as a Student Ambassador. He is also a member of the American Institute of Certified Public AcDouglas Brown countants (AICPA) and the South Carolina Association for Certified Public Accountants (SCACPA). In addition Douglas is a third year student of the South Carolina Honors College studying to attending classes full-time and serving on the Reflections staff, Charles serves the community through tutorfor his B.S. in Accounting, B.S. in International Business, and B.S. in Business ing for Beta Alpha Psi and volunteering at Harvest Hope Food Bank. He is dedicated to life-long learning and his Economics. As a Palmetto Fellow, Deans Scholar, S. Truett Cathy Scholar hobbies include reading and most sports. CharlesвЂ™ plans for after he obtains his Masters in Accountancy include and a member of the inaugural class of Wachovia Scholars, it is clear that he is the possibility of pursuing a PhD or working in public accounting. He currently lives in Newberry, SC with his continuously motivated in the Darla Moore School of Business. Currently, he serves as Vice wife, to whom he has been married for 14 years and his 3 children вЂ“ Toby, 13; Trevor, 10; and Abby, 5. President of Professionalism of USCвЂ™s Chapter of the National Association of Black Accountants and Chapter President of USCвЂ™s Chapter of the National Society of Collegiate Scholars. He is a member of the Global Business Council; participated in the Emerging Leaders Program; and Executive Board Member of the Minority Honors Student Union. This past summer, he studied abroad in Tours, France, completing a rigorous course of study in the French language and comparative research of foreign economic systems. He was employed with the Michael Slapnik 7 Reflections 2010 School of Accounting The Center for the Advancement of Accounting The School of Accounting is pleased to announce an ambitious new initiative to broaden the scope of the Center for the Advancement of Accounting (CAA). The Center was created in 2004 with the assistance of the Friends of Accounting (FAD) to increase awareness of contemporary accounting issues and to promote private support for the goals and needs of the School of Accounting. The Center provides a means for faculty and students to contribute to the community and for the community to contribute to faculty and students. To date, the Center has provided critical technology upgrades which have aided faculty in both research and teaching. Going forward, the Center expects to broaden its mission to include a student scholarship program, sponsorship of continuing education programs some of which would be for CPE credit as well as executive development, and sponsorship of outside speakers. Already, the Center has teamed with the Institute of Internal Auditors and with the South Carolina Association of CPAs in Charleston to provide continuing education. Additional planned endeavors include CPE sessions on Lean Accounting and COSO which will take place in November, along with accounting workshops in November and December presented by Jeffrey Hales of Georgia Institute of Technology and Ben Ayers of University of Georgia. A day long 2010 Tax Update session will be held both in Columbia, SC and Athens, Ga. Additionally, the Center will help maintain on-line reference materials for faculty and students such as the Audit Analytics and the CCH tax databases. The CenterвЂ™s activities are currently funded through the generosity of friends and alumni of the School of Accounting. Your support is great appreciated! In the future, we also expect the Center to create revenues generated by some of the activities it sponsors. These combined sources of income will allow the School of Accounting to accomplish even more for our business community, faculty and students. If you would like to support the activities of the Center, please designate your contributions to the Center for the Advancement of Accounting. If you have activities that you or your firm believe could be sponsored or co-sponsored by the Center, please contact Brad Tuttle at [email protected] or 803-955-7124 or Al Leitch at [email protected] or 803-777-6418. Accounting Research Workshops One of the new goals of the CAA is to provide for opportunities for our faculty and doctoral candidates to discuss research with other faculty who are currently involved in cutting-edge research in the accounting field. By sponsoring such faculty to visit the University and present their work, along with allowing for time for group and individual discussions of said work, we are able to exchange ideas and garnish input in our own academic research endeavors. Some of the workshops presented in the past year are listed below. October 2, 2009 Kathryn Kadous of Emory University presented вЂњWhen do Jurors Second-Guess Accounting Estimates? The Effects of Accounting Standard Structure and Accounting Norms on Auditor Liability.вЂќ October 30, 2009 Michael Williamson of the University of Texas-Austin presented вЂњCorporate Social Responsibility and Implicit Contracting.вЂќ November 13, 2009 Mark Peecher of the University of Illinois presented, вЂњInformal Consultation and AuditorsвЂ™ Belief Revision: The Effects of Advisor Affiliation and Advice Quality.вЂќ April 2, 2010 Susan Jurney of the University of Alabama presented вЂњThe Effects of Varying Levels of Relevance and Reliability on Nonprofessional InvestorsвЂ™ Judgment.вЂќ September 24, 2010 Joseph Brazel of North Carolina State University presented вЂњDo Nonprofessional Investors React to Fraud Red Flags?вЂќ Upcoming workshops feature research from Jeffrey Hales of Georgia Institute of Technology, Ben Ayers of the University of Georgia, Andrew Leone of University of Miami, Chris Agoglia of University of Massachusetts, Bob Libby of Cornell University, Jim Hunton of Bentley University, and Dave Ziebart of University of Kentucky. 8 Reflections 2010 School of Accounting The Mentoring Program The Mentoring Program, started in the Fall of 2008, took a hiatus to revamp and work out some kinks during the 2009-2010 academic year. The School of Accounting has been working with the Friends of Accounting (FAD) to roll out a new and improved Mentoring Program based upon excellent feedback, particularly from the students. We believe that the new improvements will elevate the program to a topnotch level. Some of these changes include moving the student application process to those students in ACCT 405 instead of ACCT 401, which should improve the student attrition rate and providing better guidelines for the accounting professionals in terms of the optimum contact with the students. We hoped to roll out the new program in early Spring 2011 but the student demand far outweighs the current enrollment of mentors! The program and our students desperately need the accounting community to renew an interest in the mentoring program. Your time is worth much more than you realize when it comes to encouraging and guiding our future accounting professionals. The time required from mentors is limited вЂ“ a lunch or two per semester, a phone call or email once a month. The rewards far exceed the efforts in the knowledge that you are guiding a future accounting professional and encouraging them to become one of the best. The hope of the program is to offer the committed Accounting majors a view into the вЂњreal worldвЂќ of accounting in addition to private industry and public accounting. Please take a moment to visit the SOA website at http://mooreschool.sc.edu/undergrad/academicsandresearch/ majorsoffered/accounting/mentoringprogram.aspx, fill out an application, and contact Mariah Lynch, program coordinator, at [email protected] . The time you give to a student will be rewarding not only to the student but also to you! The Business of Lunch During the VERY busy recruiting season of the fall, many accounting firms are on campus to interview the MACC students for full-time positions as well as the undergraduates for Internship positions. It is our pleasure, as faculty, to take the recruiters, often Associates and Partners in the firms from both North and South Carolina, out to lunch during their (short) lunch breaks. This gives us a great chance to get to know them individually but also a chance to get an idea of what they are looking for in potential new hires so that we can ensure that we are tailoring our curriculum to meet their ever-changing needs. One perk of the process is that we often take them to the McCutchen House on the Horseshoe, which is the arm of the Hospitality and Restaurant ManagementвЂ™s training facility and serves fantastic lunch. (If you are ever in need of a special place to go, it is not limited to University employees; call ahead for reservations!) This year we were able to take representatives from Grant Thornton; Dixon Hughes; Deloitte & Touche; Ernst & Young; Cherry, Bekaert & Holland; PricewaterhouseCoopers; KPMG; Elliott Davis; Frazier Deeter; Bauknight, Pietras & Stormer; Clifton Gunderson; and Webster Rogers. This is a treat for us and we hope that they enjoy it as much as we do. It is also nice that we are able to discuss the applicants on a personal basis in a way that may not come through in an interview or a resume which benefits the recruiters, our students, and the School of Accounting programs. The School of Accounting would like to thank the firms for taking the time to talk with us about our students and the Office of Career Management for connecting us with the recruiters and for facilitating the process by paying for lunch. Our students appreciate the efforts on every level. 9 Reflections 2010 Faculty Recognition .New Faculty Spotlights! Ling Harris Ling Harris came to the United States from China. In 2000, while taking accounting classes at University of Illinois вЂ“ UrbanaChampaign she realized how much she enjoyed the art of accounting. She then began to pursue a degree in accounting. While in Illinois, Ling earned two mastersвЂ™ degrees вЂ“ one in Teaching English as a Second Language and one in Accounting, followed by a PhD in Accounting. Coopers in Orlando, FL. She decided that she should go back to college to obtain her PhD after working with professors who encouraged her toward research through joint projects and after running a training program for PwC, which she enjoyed very much. Marsha believes that the best part of teaching is watching students develop into professionals. She states that student growth is an amazing process to watch and in which to be involved. Auditing is her primary research interest, with a particular interest in social interactions between clients, auditors, and committee members. She is interested in how these interactions affect judgment decisions. While Tim is a вЂњmoverвЂќ, living six different places over his lifetime and never in one place more than 10 years, Marsha is ready to settle down and establish a home. She enjoys watching things grow and is currently interested in вЂњplaying around withвЂќ the landscaping in their yard. But Early in her academic career in the Unites States, LingвЂ™s she does not plan to stop there! Marsha is planning a lily garden in back of the house and has the plot of ground professors spotted her potential and encouraged her to picked out. She should receive bulbs from her family pursue teaching and research in accounting. Ling has already had many years of teaching experience including very soon and hopes to get them in the ground before teaching English in both China and the U.S., and teach- the first frost. Additionally, MarshaвЂ™s family is the namesake for the legendary вЂњBradford TomatoвЂќ! Marsha deing accounting. LingвЂ™s love for her students and the scribes the tomato as a вЂњlarge, juicy, ugly-looking heirlearning process, as well as her passion for research loom tomatoвЂќ that has been handed down through her motivates her to succeed. family in seed form for at least four generations. She is In 1997, Ling met her husband, Cody, in China where he scoping out her yard for just the right spot to plant them was studying Chinese. They were married in November in spring 2011. MarshaвЂ™s talents extend past the yard of 1998. Ling and Cody have two children: Emerald, age and on into the house! She makes her own window treatments and completes other sewing projects for the 7, and Logan, age 5. Both are adjusting well to South Carolina and are enjoying their new location and friends. home. Logan enjoys soccer and Emerald is involved in art classes, Tai Kwan Do, playing the piano, and horseback Marsha and Tim also like pleasure travel and enjoy day trips to national parks to include casual hiking, but not riding. Ling has a brother and mother who are still in China and she is fortunate that her mother is able to visit camping. Her favorite national park is Glacier National in Montana. They also like to visit baseball parks. Tim is Ling in the United States often. an avid Cubs fan and they hope to eventually go to all of the baseball parks in the U.S. They currently have been Ling has interesting hobbies herself, which explains the varied interests of her children. She enjoys going to con- to over half. This year alone they have visited San FranciscoвЂ™s AT&T park, home of the Giants; Oakland Park, certs and is particularly fond of country musicвЂ™s George home of the Oakland AвЂ™s; and Wrigley Field, home of the Strait and of Celtic music. She also loves ShakespearChicago Cubs. Marsha also likes to read fiction and ean plays, preferably his comedies. best-sellers. We are delighted to have Ling as part of the School of Accounting family and extend her and her family a warm Welcome, Marsha, to the School of Accounting! We are very happy to have you join us! welcome! Tim Keune Marsha Keune Marsha Keune grew up in Casey, Il and met Tim at Butler University while she was obtaining her bachelorвЂ™s degree in Accounting. She attended the University of Central Florida for her masters in Accounting and then worked at Pricewaterhouse- Tim Keune (pronounced Keen) obtained a bachelorвЂ™s degree from Butler University and a Ph.D. from the University of WisconsinMadison. Between the two degrees, he worked in public accounting at Ernst & Young for two years. He then worked for nine years in industry, mostly as the 10 Reflections 2010 Faculty Recognition Controller of a division of Pulte Homes, a national home building company. His initial love of accounting sparked from being good at it and liking numbers; however, solving problems in the management and operations sides of the business is what kept him interested in the accounting field. While he had a lot of fun in his public and private accounting positions, Tim felt вЂњstuck in a rutвЂќ and wanted a new challenge. This was when he decided to go back to school to obtain his Ph.D. He was interested in a position where he had a more direct and positive impact on people and where he could continuously learn through research in his areas of interest. Tim teaches managerial accounting in the undergraduate program and enjoys interacting with students and sharing ideas. He states that their energy and their ideas are a crucial element to the classroom experience. He also enjoys research and his current areas of interest include executive compensation and budgeting. In 1993, Tim met his wife Marsha at Butler University when they were both part of the undergraduate program. They were married in 1999. When they discussed entering the Ph.D. program at the University of Wisconsin, their decision came down to a вЂњyou try it first, and if you like it, I will join youвЂќ mentality. Marsha was the first to enter the program, and apparently the вЂњwater was fineвЂќ because Tim joined her soon thereafter. (More about Marsha in a related article to follow.) Destined to Kiss a Pig For the past three years, Mariah Lynch, School of Accounting lecturer, has held a standing date with a pig during the month of October. No, she is not a glutton (no pun intended!) for punishment; she dearly loves the little fellow! The pig in question is the Epsilon Sigma Alpha (ESA) mascot and the inspiration for the Kiss the Pig concept designed to raise funds for St. JudeвЂ™s ChildrenвЂ™s Hospital. Mariah Lynch has inspired donations for the past three years that have earned her the top fund-raising spot and achieved the same this year as she personally raised $400 for the cause. ESA raised a total of $1,500 for St. JudeвЂ™s this year with the Kiss the Pig contest. Mariah may become rather biased toward the ESA pig in the near future, as the sorority is currently looking for a home for their little porker. Mariah has told us that she has always wanted either a miniature horse or a pig, and the sorority sisters have been adamant about explaining to her that their little pig will only reach a weight of about 30 pounds and is already litter-box trained! Being a selfdescribed вЂњsucker for animalsвЂќ, it sounds as if Mariah Tim recently ran his first-ever marathon! He ran the may be an adoptive parent in the near future. I hear that Green Bay Marathon and said that it was an incredible she has a home-visit coming up in a couple of weeks! (In experience despite running the last 18 miles with the fact, she stated that is the School of Accounting ever worst knee pain he had ever experienced. He states that decided to get a mascot of their own, she was voting for he will definitely do it again! In addition to running, Tim the miniature horse.) likes to play and watch a variety of sports. He also likes to read mystery novels and spy thrillers. He enjoys roller Doupnik Moves to ProvostвЂ™s Office coasters вЂ“ the old-fashioned wood frame ones, right along with the more modern ones. The taller and faster It is with mixed emotions that we bid they are, the better they are. Some of his favorite roller farewell to our long-time colleague and coasters make their home at Busch Gardens in Tampa, Department Chair Tim Doupnik. On Florida. October 1, 2010, he left us to assume the position of Vice Provost for the When asked why he considered the University of South University of South Carolina. His priCarolina to begin his academic career, Tim had much to mary responsibilities are to coordinate say. He replied that the Accounting program at USC is a and advance the UniversityвЂ™s InternaвЂњwonderful programвЂќ and that the environment is вЂњopen, tional programs and activities, which collegial, and friendly.вЂќ While meeting with the faculty suits him perfectly after teaching, rehere during his interview process he felt welcome and searching and publishing in the Intergot a sense that he would fit in well in the program. Adnational Accounting area for many of his twenty eight ditionally, he was impressed with the reputation held by years at the Darla Moore School of Business. While at the Darla Moore School of Business and the School of the Moore School, Tim was awarded many teaching Accounting and is excited to be a part of its continuing awards, published several textbooks and received the progress. Last, but not least, the weather in South CaroAmerican Accounting Association, International Accountlina is great! ing sectionвЂ™s prestigious Outstanding International Accounting Educator award in 2008 for вЂњexceptional acaWe are very happy to have Tim join the School of Acdemic and professional achievementвЂќ in the field of intercounting faculty and are looking forward to our futures national accounting. As our Chair, he led us through together! many transitions and was always there to lend an ear, 11 Reflections 2010 Faculty Recognition settle a dispute or offer a toast at the Christmas lunch; needless to say, he will be missed. Tim says that his current position in the ProvostвЂ™s Office Is one that вЂњexists at many universities, but had not existed at USC until this year. In a nutshell, my goals are to increase the number of students and faculty from overseas coming to the University of South Carolina and the number of USC students and faculty going abroad.вЂќ He spent the first month meeting with the Deans and many faculty members from each of the colleges on campus in order to gain knowledge about current international efforts and future plans. He also met with delegations from Universities in Bulgaria, Egypt, Germany and Korea that are interested in establishing relations with the University. He says, вЂњit has been interesting to see the variety of types of international activities currently under way and the diversity of geographic locations, but it appears there is a lot of untapped potential. Part of my job is to figure out how we can best move forward in a strategic manner.вЂќ Another area of responsibility for Tim relates not only to academic space but also to classrooms in particular; he chairs a committee that reviews change requests made by academic units, both for classrooms and office space. He also chairs a separate committee that allocates funds made available by the central administrator for classroom upgrades and renovations. Tim notes that, вЂњthe fun part of this committee is that we get to make recommendations for how to spend money.вЂќ Since taking his new position, he says that he has been in buildings and rooms all over campus some of which, вЂњI didnвЂ™t even know existed.вЂќ Tim closes by saying, вЂњafter spending 28 years in the School of Business, it has been a big change for me to go to work in the ProvostвЂ™s Office. Although I will miss the teaching and scholarly activity of being a faculty member, and I especially miss the collegiality of my friends in the School of Accounting, one advantage of working in the Osborne Building is that I now have the opportunity to wear a tie to work every day. My children know exactly what to get me for Christmas this year.вЂќ The School of Accounting knows what to give Tim: a big вЂњThank You!вЂќ for all the great leadership, guidance and teaching we have been privileged to receive. We miss him and enjoy seeing him on his all-too-infrequent visits to the School of Accounting. Best of luck, Tim! New Chair his new position, Brad stated that he is honored to be following in the footsteps of the past Directors of the School of Accounting and is excited about the opportunity to work with people whom he trusts. Given the School of AccountingвЂ™s excellent reputation, BradвЂ™s plans for the future include building on this national and international recognition with rigorous education and increased involvement in the community. One of BradвЂ™s main goals in his new position is to ensure that live instructors with face-to-face interaction remain a part of every Columbia Campus class in order to preserve the quality of education and enhance the classroom experience. Additionally, Brad hopes to strengthen relationships between the School of Accounting and the business community by reaching out to companies and accounting firms in South Carolina as well as in the broader Southeast region. One way that he intends to accomplish this goal is by encouraging faculty to become more involved in the community. Although BradвЂ™s passion for teaching will always remain strong, he is excited about the future challenges and opportunities that his new position will present. Vandervelde Co-Chairs AAA Mid-Year Auditing Meeting After being involved with the American Accounting Association (вЂњAAAвЂќ) for 12 years, Scott Vandervelde has been chosen to co-chair the 2011 AAA meeting. The meeting will be held in January 2011 in Albuquerque, New Mexico and is expected to draw approximately 300 auditing professors and PHD students from all over the world. ScottвЂ™s main responsibilities as a co-chair are to determine the primary speakers and coordinate the meeting agenda. During the meeting, two headline speakers will address the audience. This year Roderick Winters, General Manager, Finance Operations of Microsoft Corporation and Past Chairman of the IIA Global Board of Directors will be speaking during the first day plenary session. Bill Gradison, who was appointed by the Securities and Exchange Commission as a founding member of the Public Company Accounting Oversight Board, will be the speaker for the second day plenary session. Throughout both days of the meeting, 45 research papers are presented by various professors and PhD stufor School of Accounting dents from around the world. These papers receive comments and feedback from numerous peers, in addiBrad Tuttle became an Assistant Profes- tion to having a discussant provide feedback about the sor at the University of South Carolina paper to the authors and the audience. Scott is pleased (USC) in 1992 and was appointed as the to announce that three Ph.D. students from USCвЂ”Erin School of Accounting Department Chair Hamilton, Linda Quick, and Tammie RechвЂ”will be acting in October 2010 after many years of as discussants at the conference. Additionally, one of dedicated service to USC and his stuthe newest additions to the School of Accounting faculty, dents. When asked how he felt about 12 Reflections 2010 Faculty Recognition of the 45 being presented. All of these papers went through a rigorous review process prior to being accepted. Along with the research paper presentations, panel discussions will occur throughout the meeting to discuss various topics relating to the accounting and auditing profession. South Carolina State Chamber of Commerce and the South Carolina Department of Commerce-Research division. Further updates will be available in the 2011 issue of Reflections. In the past, Scott has participated in presenting his research and discussing the research of others and is now pleased to have the honor to co-chair this prestigious meeting. WSBAM Receives New Director The Wachovia Scholars Business at Moore (WSBAM) program was sad to see itвЂ™s former Director, Dr. Tom Lopez, leave for the University of Alabama; howUpdate on вЂњState of the StateвЂќ Underever, the candidates who stepped up to take his place in the leadership position graduate Research of the program were some of the best. After interviews and much discussion, In the 2009 issue of Reflections, an undergraduate student research project Tom Hughes, School of Accounting lecturer, was chosen team advised by Mr. Stan Smith, School to assume the position of Director for the Wachovia of Accounting lecturer, and Dr. Al Leitch, Scholars Business at Moore program. Additionally, La School of Accounting professor, was conducting a survey on the various deci- Trice Ratcliff-Small, Assessment Coordinator-CIAO Ofsion tools used by companies across the fice, was appointed Director of Development as the prostate. The survey asked respondents to gram searches for new ways and new support to both expand and extend its benefits to high school students Mr. Stan Smith identify the management accounting decision tools used in four key areas: 1) interested in a business career. planning; 2) profit analysis; 3) tactical cost control; 4) ad hoc decision making. In its fourth year, the WSBAM summer program hosted The respondents were also asked to another excellent group of high-achieving high school provide information concerning company juniors interested in exploring all fields of business to size; controller background and tenure determine where they interests were centered. In addiand sophistication of the companyвЂ™s intion to benefiting from excellent classroom experiences formation system. The information was collected through the use of an on-line taught by excellent Moore School Professors and the survey and was supported by the South challenges and rewards of working on a team project, Carolina Chamber of Commerce and the students learned about campus life, from the dormitories, Dr. Al Leitch South Carolina Department of Comto the libraries, to extracurricular activities. Students who merce вЂ“ Research Division. The research team applied for and received a Magellan grant to вЂњgraduatedвЂќ from the summer program will be applying to the University for entrance in the Fall 2011 semester. financially support their research endeavors. A status update on the project was promised for the 2010 issue of They will also be competing against each other for Reflections. WSBAM scholarship monies. The undergraduate student research team is in the process of analyzing the responses to understand the вЂњdriversвЂќ behind the selection of various decision tools in light of the companiesвЂ™ specific conditions. The goal is to understand the role of each of the drivers in the selection of a particular decision tool and understand the вЂњtheory vs. practiceвЂќ in the current marketplace. The undergraduate student research team consists of Mike Barry, Undergraduate Finance Major; Famatta Mensah, Undergraduate Accounting Major and Kenneth Smith, a June 2010 graduate with a degree in business management and statistics. Ken is now pursuing a Master degree in Statistics. Data correlations and preliminary article themes are targeted for completion in the spring of 2011 for review with our collaborative partners- 13 Reflections 2010 Student Recognition Student Spotlights! Students are the heart of any good academic program and we all know that students are much more than the subjects they study. Accounting students are no exception. In our Student Spotlights below, we have the pleasure of introducing you to some of our Accounting majors! Kyle Enders ceives a lot of message from kids on Facebook, asking him about lessons and coaching. For now, however, Kyle is going to learn how to be a spectator in the game of baseball. Kyle Enders received his B.A. in Accounting in December 2009 and his Masters in Accountancy in DeGood luck at Elliott Davis, Kyle! We hope you will be as cember 2010. On April 26, 2010, Kyle was awarded the Scholar Ath- successful in their firm as you have been at USC! lete of the Year award at the annual USC Athletics Department awards Qaio (Annie) Zhao dinner. He worked an internship with Elliott Davis in Summer 2010. Annie Zhao is an accounting major And he was the starting catcher for and the 2009-2010 President of the University of South Carolina the Friendship Association of Chibaseball team when they won the nese Students and Scholars. The College World Series and became the 2010 NCAA Nauniversity club consists of faculty, tional Champions! KyleвЂ™s life is obviously never dull! staff, graduate and undergraduate students, along with students from When asked why he chose to major in accounting, Kyle the English Program for Internasaid that he had been good in math in high school and tional students. Their primary goal had actually considered Finance until he took Professor is to promote friendships between Tom WhitacreвЂ™s ACCT 225 course. He did well, enjoyed Chinese students and between the class, and decided that accounting was his niche in Chinese and American students. the business world. His decision to continue his educaThe club is open to all who have tion by pursuing a Masters in Accountancy had dual moan interest in Chinese culture and tivation. First. he wanted to sit for the CPA exam and felt the UniversityвЂ™s Chinese students. that completing the Masters program was his best route to success. Second, he had 5th year eligibility for baseDuring the Spring 2010 semester, the organization was ball and decided that pursuing both would be the best invited to the Chinese Embassy in Washington, D.C. for use of his time, even if it was difficult to keep all his com- the Cherry Blossom Festival. They attended a reception mitments in balance. at the embassy hosted by Ambassador Ye Sui Zhang and his wife and then attended the festival which was It was a good decision, as it led to both his internship held in Wheaton Regional Park in Wheaton, MD. They with Elliott Davis and a full-time position beginning Janu- were joined at the festival by Minister You, also of the ary 2011, along with the amazing opportunity to be part Chinese Embassy. of a national championship team. When asked how it felt to win the College World Series, Kyle replied, вЂњWords Annie and the Friendship Association were very honored canвЂ™t describe it.вЂќ However, he did make one statement to be invited to these events and enjoyed meeting Amthat is surely very true: вЂњ[Winning] was like a dream, one bassador Zhang and Minister You. It was an experience that all little kids dream ofвЂ¦вЂќ For Kyle (and no doubt the of a lifetime! rest of the team) the experience was over too quickly. While Kyle was not drafted for a major league baseball team, the Colorado Rockies called him about two hours after the GamecocksвЂ™ win and offered to sign him as a free agent. Kyle, however, decided it was time to finish his degree and take a вЂњreal jobвЂќ. He says that he might consider coaching one day and that he re- L to R: Fan Zhang, Ray Tan, Andy Lin, Bess Zhou, Wendy Lin, Annie Zhao, Minister You, PeiPei Guo, and Dan Qi 14 Reflections 2010 Student Recognition Kat Fitschen cate for the university which the student attends. Kat Fitschen likes accounting because it is logical, blackand-white, with no gray. Those are likely the same reasons that the Air Force appeals to her, along with the fact that both of her parents are retired Air вЂњThe Dark SideвЂќ, R: Kat Fitschen Force officers. Kat is drawn towards areas that involve structure and discipline; accounting and the Air Force fit into those categories well. She intends to pursue a career as an Air Force pilot and to use her accounting skills both in her military and civilian life. Summer is from Gaffney, South Carolina, where she graduated from Gaffney High School in 2007. She is currently interning as a business consultant at the University of South Carolina Small Business Development Center (SBDC), located in the Darla Moore School of Business in Columbia, SC. In fact, Joe Dance and Bob Petitt of the Columbia SBDC nominated and supported her selection for the scholarship stating that Summer is вЂњan excellent asset [to the SBDC], hard working, reliable and very bright.вЂќ Kat joined the AFROTC her freshman year. Throughout her tenure in the AFROTC, Kat has been a force with which to be reckoned. She proved exactly how much of a force when she received the CommanderвЂ™s Award at the National Convention in Seattle, WA in 2009. When asked what the qualities are for obtaining a CommanderвЂ™s Award, Kat states that one must do a вЂњgood job, and be an example to squadron commanders.вЂќ She makes it sound simple, but there is much more to it. Congratulations, Summer Rippy! Summer is a senior accounting major with a minor in criminal justice at the Darla Moore School of Business, who expects to graduate in May 2011. After graduation, she plans to obtain her Master of Accountancy degree with an emphasis in Audit. Her long term career goal is to specialize in forensic accounting. There were eleven candidates nominated for the CommanderвЂ™s Award in 2009. During the year, Kat and two of her fellow officers re-wrote the AFROTC procedures manuals and were heavily involved in efforts to pass new legislation governing the AFROTC. This threesome was often referred to as The Dark Side because of their efSouth Carolina Association of Certified Public forts. All their hard work paid off, however, for not only Accountants Scholarships Awards were their new procedures manuals accepted but each of them was presented with the CommanderвЂ™s Award at On August 10, 2010, the South Carolina Association of the final dinner of the National Conference. Certified Public Accountants (SCACPA) Educational Fund Trustees announced the award of $19,500 of On May 18, 2010 Kat reported to Wright-Patterson Air scholarship monies to 20 South Carolina students Force Base in Ohio where she assumed the position of Acquisitions Officer. She is responsible for obtaining all through the SCACPA Educational Fund Scholarships. types of supplies, from planes to bombs to toilet paper. These scholarships are awarded to South Carolina resiHer goals are to вЂњget to the topвЂќ by ascending through the ranks, gaining experience, seeing the problems and dents who are rising juniors or seniors majoring in acsearching for ways to address them. She would eventu- counting, or masterвЂ™s degree students at a South Carolina college or university. To be eligible, they must posally like to be involved with politics on a national level, but will always retain her military focus. We wish her the sess a GPA of no less than 3.25 overall, with a GPA in accounting of no less than 3.5. best of luck in all of her endeavors! Summer Rippy Of these 20 students, the University of South Carolina School of Accounting is proud to claim seven as our own! They include Lauren Caskey (MACC), Allison Dobbs, Maggie Lin, Danielle Richards, Eric Rogers (MACC), Laurin Rogers, and Brittany Washington. On September 17, 2010, School of Accounting Chair, Brad Tuttle, presented Summer Rippy with a check from the Information Systems Audit and Control Association (ISACA), South Carolina Midlands chapter for the SC Midlands Chapter of the ISACA Student Scholarship. In Congratulations! You should be very proud of your order to receive the scholarship, the scholarship recipient achievements! must obtain approval from the ISACA Academic Advo- 15 Reflections 2010 Student Recognition Scholarships & Fellowships Scholarships are vitally important to our students and their academic success. We would like to thank all those who make donations to the various scholarship funds available to accounting students. We would also like to honor those accounting students who received scholarships during the 2009-2010 academic year. Their hard work and dedication to their academic careers show in the efforts they make to obtain these funds to assist with their educational expenses. Accenture Scholarship Global Tax Service, Inc. Scholarship Jonathan Ray Danielle Richards Beta Alpha Psi Community Service Scholarship Robert Harden Memorial Scholarship Thomas Dettner Maggie Lin Lamar H. Benton Joe Jackson Scholarship C.C. McGregor Scholarship Laurin Rogers Eric Rogers KPMG Scholarship Central Chapter of SCACPA Scholarship Lauren Causey John Bernat Julia Easterby Vishal Patel Coastal Chapter of SCACPA Scholarship Steven Nicholson Accounting Scholarship Brittany Washington W. H. Pickens, III Donald Cramer Fellowship William Putnam Fellowship Charles R. Boster Marion & Ora Lee Dantzler Scholarship Emily Hartley Yalin Wang Deloitte & Touche Scholarship Lisa Anne Hamer Candace Krenkler Charles Owensby Lauren Burgess Allison Caldwell Jennifer Elder Rachel Gann S. C. Hetherington David Hill Kevan Ohl Eric Rogers Patrick Wilson James Zeigler Caroline D. Strobel Scholarship Dixon Hughes Scholarship Elizabeth Fields Silvia Hunziker Edgar Vaughn Scholarship Marcella Bozek Laura Creech David Drum Danae English Alexandra Gamez Kaitlin Malone Allison Dobbs John & Debbie Wentzell Scholarship Elliott Davis Scholarship Sean P Cleary Nitaben Patel Elliott Davis LLC Fellowship Travis Hoverman Michelle Swanson 16 Reflections 2010 Student Recognition 2009-2010 Graduates Graduation is the culmination of years of hard work and learning and the ultimate goal for all students. It is also the goal of our professors and we work very hard to aid our students in achieving this goal. It is with great pride that we announce the 2009-2010 Accounting graduates! BachelorвЂ™s Degrees Fall 2009 Melanie Bonaparte Andrea Boor * Theresa Bryant (F) Connie DeSola *** Scott Dharte (F) Caitlin Dowling * Kyle Enders *** James Fowles Lonjae Foxworth Herbert Fritz Jessica Gawler (F) * Franklin Gillam Brandon Holloway (F) ** Alicia Horonzy Elizabeth Jackson Richard Jackson Kelly Jewell ** William Kain (F) Matthew Kaiser (F) Timothy McConnell (E) * Charles McFaddin Rachel Mitchum Kristin Nifong (M) Anne Patefield (IB) ** Ankit Patel Robyn Perigo Raymond Postol (F) * Kristen Searcy (I&RM) * Jena Shute (F) Matthew Spires Bradley Starbuck (RE) * Daniel Strawhorn Justin Taylor Donna Tuttle Spring 2010 Andrew Abdelmessih Ashton Anderson Jonathan Antonio *** Matthew Beltman (F) * Reed Binder *** Blair Brackin (IB) ** Hazel Brazell Kelly Brennan (MS) * Cason Brewer * Michael Browder John Butler Jason Byrd (IB) ** Emily Cook Joshua Coolidge *** Matthew Costa (F) Gabriel Creech *** Laura Creech (IB) *** Jennifer Crowe (MS) * Lee Dangleis * Katherine Defer * Lauren Deuell (F) * Christopher DiCampli (F) Julia Easterby Catherine Eiseman * Ashley Encarnacao (F) * Lindsey Fisher * Kathryn Fitschen Jennifer Fitzgibbon Russell Frey (F) Pawel Blad (F) Alison Guill * Charles Hall Tiara Hawthorne * Carl Hiller *** Julie Holt (F) *** Romissa Hunt * Candace Icenhour Benjamin Kaplan *** Justina Kelly *** Leslie Kendrick (F) * Candace Krenkler (F) Demetris Kyriacou Jenny Kay Lim John Mahoney Kaitlin Malone (F) *** Elizabeth Marty * Kathryn McGinn Sharntelle McLean * Tyler McLeod Kelly Meyers * Tanisha Ming *** Juan Mora Tobon (F) Samuel Morse Katherine Murphy (MS) Michelle Nugent Karen Oakland Melissa Orwat (E) *** Charles Owensby ** Gregory Parker * Meenal Patel (MGMT) Nitaben Patel (F) *** Lauren Pender *** Chad Peters * Kathryn Pletcher Maya Procinsky Kristen Quattlebaum *** Thomas Rickenbacker * Haley Roberts (F) *** Michael Roglitz (IB) ** Shadi Saad Megan Scholla * Elizabeth Shealy ** Mary Shuler *** Gary Sigafoos * Ashley Skulski * Cynthia Smith Mackenzie Smith *** Daniel Smoak (F) * Mohamed Soluiman (F) Nicholas Storts Andrew Strassler (F) * Bryan Thompson *** David Trimble Christopher Wellner * Jonathan Wells * Renay White Marla Womack * Wing Wong *** Andrew Yost *** Kristin Proffit Patrick Wilson Jonathan Zeigler Summer 2010 Lamar Benton Allison Caldwell Bess Crumpton Jennifer Elder Annie Ellis Quincy Halliday Silvia Hunziker David McKinley Kevan Ohl Brittany Shook Michelle Swanson Edward Taylor Erin Walker Daniel Wendelborn Summer 2010 Legend: Mario Burstein (F) * Sarah Burtt Kathryn Gallagher Bryan Landy Erik Marsha Fallon Sposato (F) * Michael Varner (F) Graduate Degrees Fall 2009 Meghan Burkett Brandon Finn Bradley Gainey Evan Hobbs Christina Lancaster Ryan Leeton Michael Sijon, Jr. (E) - Business Economics double major (F) - Finance double major (IB) - International Business double major (I&RM) - Insurance & Risk Management double major (MGMT) - Management double major (MS) - Management Science double major (RE) - Real Estate double major * - Cum Laude ** - Suma Cum Laude *** - Magna Cum Laude Spring 2010 Jennifer Boyer Meichen Deng Jason Berke Lauren Burgess Tiffany Davis David Donald Elizabeth Fields David Hill Travis Hoverman Travis Moran 17 Reflections 2010 Student Recognition BETA ALPHA PSI Dear Alumni and Accounting Professionals: Last year was a very successful one for the Gamma Beta chapter of Beta Alpha Psi. We held a number of professional, social, and service events for our members. Chapter members were offered many opportunities to grow professionally. Our вЂњMeet the FirmsвЂќ night has shown tremendous growth as we increased the number of firms participating from 10 to 16, and our two Charlotte field trips now showcase 8 firms. The number of firms actively participating in Beta Alpha Psi activities has also increased allowing our members more opportunities and interests professionally. Another professional event that we hosted was our semiannual charity golf tournament benefiting ChildrenвЂ™s Hospital in Columbia, SC. The previous year we were only able to raise $1,000 total from both tournaments. Thanks to the great support we had from the accounting community, this past year we were able to raise $1,100 dollars from the fall event and $1,500 dollars from the spring event; all of which was donated to the ChildrenвЂ™s Hospital in Columbia, SC. Additionally, firms provided us with a number of interesting programs on various topics within the accounting profession. In addition to our professional events, this past year was an exciting one for social events. One of our major social activities is our involvement in university intramural activities. We participated in a number of sports including flag football, softball, bowling, dodge ball and basketball. Due to the variety and high participation level of chapter members, we had an opportunity to win our first intramural championship! We also continued our involvement with Epworth ChildrenвЂ™s Home by visiting several times a semester to play basketball, dodge ball, and help with the annual Halloween fair. Our greatest area of improvement was with our service events. We collected 1,000 cans of food to feed hungry families in the Columbia area, put together 100 stockings full of toys through the Salvation Army to give to underprivileged children who otherwise might not have had anything to open Christmas day, and sent care packages to soldiers in Iraq who needed something from home. Our most significant activity this year, and where we showed the most growth, was VITA, Volunteer Income Tax Assistance. In previous years we have only had 5 people who volunteered for VITA. This year we had participation from 114 members who volunteered at least 5 hours of their time. In total, we provided over 930 volunteer hours helping low income taxpayers with their returns. We are extremely proud of this accomplishment! In August this yearвЂ™s new officers attended the Beta Alpha Psi National Conference in San Jose, CA. Because of the participation from our members, we were able to compete in all major categories for awards. In the end, we took home with us our very first national award. This award was for doing the most volunteer VITA hours out of all of the Beta Alpha Psi chapters. We were also runner-up for the Gold Chapter Award. The Gold Chapter Award is a new award that recognizes well above superior achievement by a chapter. We, as a chapter, are looking forward to this coming year expecting to meet, and hopefully exceed, last yearвЂ™s success. I can only attribute our success to the tremendous support that we received from the accounting community. Without the professors, alumni and professionals that get involved, our chapter would not be able to offer members the many opportunities for professional growth. We are extremely appreciative of all the effort and hard work that has gone into making this past year go so well. We look forward to building on last yearвЂ™s progress and your continued, enthusiastic support will be greatly appreciated by Beta Alpha Psi. Sincerely, Matthew Sigafoos President, 2010-2011 USC Beta Alpha Psi 18 Reflections 2010 Student Recognition National Association of Black Accountants (NABA) Dear Alumni and Friends, The National Association of Black Accountants (NABA) at the University of South Carolina has undergone serious progress in recent years. The chapterвЂ™s initial goals were to provide distinguished African-Americans and other ethnic groups of color opportunities to associate and network with peers and potential employers, regionally and nationally. We have since expanded those goals to include all business majors and have incorporated other corporations in our speaker series to give all minority business students the chance to associate with professionals in the business field. To better suit our chapter and our sense of community, NABA at USC has adopted the credo that вЂњWeвЂ™re not just an organization; weвЂ™re a family.вЂќ Over the past year, our chapter has been providing our members with phenomenal guest speakers from regional and national firms such as PricewaterhouseCoopers LLP, Grant Thornton LLP, and Ernst & Young LLP. This year, we have added BB&T, Wells Fargo, and SCANA to our many corporate affiliates. Dixon Hughes, another corporate acquaintanceship, has provided sponsorship to the chapter for the past two years to send, in total, more than thirty students to attend the Southern Regional Student Conference. In addition, student representatives from USC attended the 39th Annual National Convention in Houston, Texas in June 2010. In Houston, students underwent engagements to enhance individual leadership, explore employment opportunities, gain insight to industry practices relevant to accounting, and build a network with professionals nationwide. Channing Brown, Tiffany Brown, Kellie Hardee, Justin Muller, Chad Peters and Bianca Williams represented the Moore School of Business at the premier NABA national event. Third year accounting student Tiffany Brown was one of only 60 students from across the nation to receive a NABA National Scholarship, recognizing outstanding academic achievement and community involvement. Attesting to her experience in Houston, Ms. Brown stated: вЂњNetworking and being able to bond with like-minded minority students was an unforgettable experience...I was shocked and excited to learn that I had won the scholarship, but most of all I was motivated to go on a national stage to find that others were willing to invest in our future...there were others that did it before me, trying to help me reach my goals. I hope to do the same for othersвЂ¦вЂќ NABA strongly supports the tradition of community service in the USC and Columbia communities. Throughout the Fall semester, NABA has made a commitment with the Carolina Service Council by continuous support of Service Saturday projects. NABA also privately sponsored the NABA Spook, a Halloween-themed charity party for the Carolina ChildrenвЂ™s Home. Elizabeth Caulk, Director of Development for the Carolina ChildrenвЂ™s Home has this to say about our efforts: вЂњI cannot tell you enough how powerful your impact is on our home. These kids often come to us with just the clothes on their backs and do not always get a chance to really celebrate holidays like many of us...I can personally attest to how much this benefits [the children] and we thank you!вЂќ During the Spring 2010 semester, NABA also participated in VITA (Volunteer Income Tax Assistance), providing free tax preparation services to low-income families in the Columbia area. We hope to do the same in Spring 2011. While we are dedicated to immersing our members into the business profession, we also have a number of social events in which our members father together in fellowship in a social atmosphere. Our organization has enjoyed such venues as Mellow Mushroom, Five Guys, and SakiTumi. We also host an awards night at the end of each semester to recognize our members and their accomplishments. A well-known adage states: вЂњDiversity is the one true thing we all have in common. Celebrate it every day.вЂќ Diversity helps us to learn and grow and learning about our world is the leading factor influencing continued education today. NABA strives every day to celebrate the growing importance of diversity for students, professionals and communities across the globe. We thank you for your continued support! Sincerely, Douglas A. Brown Vice President of Professionalism 19 Reflections 2010 Student Recognition Accounting Doctoral Students Continue to Excel The Accounting doctoral program continues to grow! We received four new doctoral students, two of whom are part of the Accounting Doctoral Scholars program (William Brink and Kelli Saunders). Below are our current PhD students and the following pages will introduce you to our new students. Victoria Glackin Bryan Stewart Victoria received her B.S. in Accounting from Marist College and her M.S. in Taxation from SUNY-Albany. Bryan received his B.S. in Accounting from Utah State University and his M.S. in Accountancy from the University of Notre Dame. She was formerly employed by PricewaterhouseCoopers and DвЂ™Arcangela & Company, LLP. He was formerly employed by Crowe Chizek and Company LLC, Clifton Gunderson LLP and founded Stewart Accounting Group. Her research interests include behavioral tax research focusing on tax preparer aggressiveness and archival tax research focusing on corporate tax His research interests include the psychological and ecoissues. nomic factors that affect the judgment and decisionmaking processes of tax professionals. Erin Hamilton Yu Tian Erin received both her B.B.A and her M.S in Accounting from Kent State UniYu received her B.A. in English from versity. Southwest Normal University, China and her Masters in Accounting from She was formerly employed by Ernst & East Tennessee State University. Young in Akron, OH. Her research interests include judgment Her research interests include behavand decision making in managerial acioral issues in auditing . counting and international accounting. Linda Quick Lei Wang Linda received a B.S. in Managerial Finance, and a B.S. and an M.S. in Accounting from East Carolina University. She was formerly employed by J. Marion Crisp, CPA and KPMG, LLP. Lei received his B.A. in English from Henan University, China and his Master of Accountancy from East Tennessee State University. He was formerly employed by Lattimore Black Morgan & Cain, PC and ValuePoint Consulting Group. Her research interests include behavioral research in international accounting and auditing standards and issues related to the implementation of IFRS in the United His research interests include behavioral accounting States, along with auditor judgment and decision making. issues in financial accounting and managerial accounting. Tammie Rech Tammie received her B.S. in Accounting and her M.B.A from Rockhurst University. She was formerly employed by Brian A. Lint, CPA and PricewaterhouseCoopers LLP. Her research interests include auditor behavior and decision making, auditor independence, forensic accounting, accounting standards setting, international accounting, and financial statement analysis. 20 Reflections 2010 Student Recognition New PhD Student Spotlights! William Brink running at the River Walk. He also likes basketball and golf. He and Lindsey also enjoy attending local festivals and recently took in the Jazz Festival and Chili Cook-off in Martin Luther King Park. William (Billy) Brink attended high school in Hillsborough, NC, outside Chapel Hill and obtained his undergraduate degrees Welcome, Billy, to the School of Accounting! We hope in Criminal Justice and Psychology from you find your new вЂњhomeвЂќ supportive of your goals. Appalachian State in Boone, NC. While Billy has family in public accounting and considered accounting during his undergraduate education, Criminal Justice war- Michael Majerczyk ranted his attention and he was considering Law School. He was also interested in the Federal Michael Majerczyk is from Chicago, IL. Bureau of Investigation or the Secret Service; however, He obtained his B.S. in Economics, a as he worked on his degrees, he began to experience a Masters in Economics, and a Masters in shift in interest towards academia. He later attended the Accounting from the University of IllinoisUniversity of North Carolina вЂ“ Wilmington to obtain his Chicago. He then worked as a Senior MACC degree. After doing so, he worked as an auditor Accountant for the on-line retailer, Optics for 1 year and as a tax associate for 2 years with the firm Planet, which is a supplier of optical of McGladrey. equipment including telescopes, microscopes and military scopes. However, Billy always knew that he wanted a PhD. Throughout his time at University of North Carolina вЂ“ Michael has always wanted to remain in academics and Wilmington, his professors encouraged him to pursue a his love for teaching was kindled as he taught accounting career in academia вЂ“ one he had been considering for a at Loyola while obtaining his Masters of Economics. He time himself. The opportunity to become part of the Ac- became more interested in research through Dr. Belcounting Doctoral Scholars (ADS) Program was the cata- kaoui, an accounting theory professor at the University of lyst to achieving this goal. He was drawn to the doctoral Illinois-Chicago for whom Michael was a graduate assisprogram at the University of South Carolina because of tant. Through conversations with Dr. Belkaoui, Michael their strong behavioral tax program. Additionally, the found himself drawn toward accounting and sold on relocation in Columbia, SC is close to his family in Hillsbor- search. Michael is interested in managerial accounting ough, NC. and systems research. Billy married his wonderful wife, Lindsey, on September 5, 2009. They went to the same high school and but met each other while working Smokey Bones BBQ restaurant while attending the University of North Carolina вЂ“ Wilmington during LindseyвЂ™s undergraduate and BillyвЂ™s graduate academic careers. (Lindsey was a finance and marketing double major.) While Lindsey was in retail management, she is now a Wachovia bank teller and hopes to soon work her way into the position of Personal banker. BillyвЂ™s ultimate goal is to teach at a university close to his family and to teach and conduct research on tax-related subjects. Billy and Lindsey have a 4 year old bulldog named Petey with a patch on his eye just like the dog from The Little Rascals. They enjoy living in a college town where the football team has a lot of support. (Billy used to play quarterback for the Appalachian State football team.) Billy states that he has been impressed with all the outdoor activities in Columbia and has enjoyed rafting, kayaking and Michael lives with his six-year old cat, Peerless, who is named after the former Bills/Falcons wide receiver. He enjoys playing basketball, movies and exercise. Michael has a strong interest in classical literature, particularly of the 19th century. He appreciates the character development and strong narration that are prevalent in many 19th century works. His favorite authors include Joseph Conrad and Fyodor Dostoevsky. But his love for literature does not stop there. Michael writes fiction. In fact, he is a registered member of the Screen WritersвЂ™ Guild. His fiction work is much like the literatures he enjoys, using a strong narrative element and detailed character development to convey a stylized plot to his readers. When asked how this strong interest in writing relates to his current pursuits of teaching and research, Michael is quick with answers. He states that he learned to complete large projects through his finished works, both screenplays and novels, 21 Reflections 2010 Student Recognition which will be an asset to his current and future research endeavors. He also states that вЂњwriting preceded allвЂќ of his academic interests and that there was a natural progression from writing, philosophy, physics, economics (which is theory-driven) and accounting. He believes that this natural progression and all he has learned through it will benefit him in his current goals. Carolyn Westfall Carolyn Westfall is from Dallas, TX and attended Rhodes College in Memphis, TN where she double majored in Biology and Business. Carolyn originally considered a degree in medicine; however, while she found medicine interesting, the Welcome, Michael, to the School of Accounting! We are red tape involved with HMOs and PPOs, excited as to what the future may hold for you! the advice from current medical professionals, as well as the debt accrued by Kelli Saunders those pursuing a medical degree were a deterrent. In the meantime, she realized that she had a high interest Kelli Saunders is from North Salt Lake in teaching and research and decided to focus on busiCity, UT. She received her B.S. in Acness. She obtained her M.S.A. from Southern Methodist counting and her Masters of Accounting University in Dallas, TX. Carolyn then worked with Pricefrom Brigham-Young University. She has waterhouseCoopers for four years as a Senior External always been interested in business and Auditor. feels that Accounting provides a вЂњreally good top-down viewвЂќ of how business Carolyn is quick to state that there are many differences works. She joined Tanner, LC where she between Dallas, Texas вЂ“ home for the majority of her life practiced public accounting. She assisted вЂ“ and South Carolina. Her first comparison is that Dallas in redesigning their firm training program and quickly consists of concrete while Columbia consists of nature. realized that she was looking for a more dynamic enviShe enjoys the fact that the view from her current apartronment where she would be continually challenged and ment includes trees and a lake instead of other buildings could impact and interact with a variety of people. She and a highway. knew that she needed to pursue her PhD and make her way to the classroom. When asked why she chose the University of South Carolina as her home while achieving her PhD, Carolyn Kelli chose the University of South Carolina to pursue had two answers: the people and the behavioral rethis path because it вЂњfelt rightвЂќ and the вЂњcamaraderie and search program. CarolynвЂ™s research interests include the program are impressive.вЂќ It also helps that South financial reporting and behavioral research. She is curCarolina is full of вЂњfriendly people.вЂќ She is interested in rently discussing a few possible projects with new faculty the research topics of audit, fraud, judgment and decimember, Ling Harris (see our Faculty section for an artision making, and the social aspects of the audit environ- cle introducing Dr. Harris), along with other PhD stument. . dents. She states that the faculty were very welcoming upon visiting USC and very supportive of student sucKelli has strong ties with her family which consists of her cess. Additionally, her fellow PhD students were a parents and three siblings вЂ“ a brother and two sisters вЂ“ close-knit group that provides a family atmosphere conall who live near Salt Lake City, UT. Her father is a sup- ducive to personal and academic success. ply chain management consultant and her mother manages their own apartment complex. She also has one While most of CarolynвЂ™s free time is now spent reading niece (age 5) and two nephews (age 2), whom she research articles, she has also managed to take advanmisses more than she expected. tage of some of the on-campus aerobics classes. She likes to sing and has played the piano since age 3, but Kelli enjoys reading mystery/suspense novels and both does not get the opportunity to indulge herself in this historical fiction & non-fiction. She loves to cook and activity very often. She would very much like to get indoes not limit herself to any particular cuisine. She sim- volved in indoor intramural volleyball, if she can convince ply enjoys adventures in the kitchen. (Something tells some of the accounting fellows and other PhD students me Kelli might be a Food Network girl!) She also loves to join her. to shop and has recently been avoiding the mall and relying on Wal-Mart to provide her shopping fix. . We are very happy to have Carolyn join the School of Accounting and Kelli, we are happy that you hope that she will continue to find have joined us here at the Unithe University of South Carolina to versity of South Carolina! We her liking! hope you will continue to be happy here! 22 Reflections 2010 Student Recognition Glackin Receives PwC INQuiries Grants for Research Initiated by PricewaterhouseCoopers in the Spring of 2007, PwC INQuires is a program of funding for applied research designed to assist faculty and PhD students seeking to increase the knowledge base that contributes to the practice of auditing and tax. Since 2007, PricewaterhouseCoopers has awarded over $1.3 million to over 80 researchers. Victoria (Vicki) Glackin, doctoral student in the School of Accounting is working on two projects which have received funding from PwC INQuires. First, she is working on her dissertation, вЂњThe Impact of Sarbanes-Oxley on the Judgment and Decision Making of Tax Executives,вЂќ and received funding to complete her research. The project involves an examination of whether the potential for a discovered error in internal controls over financial reporting to be classified as either a significant deficiency or a material weakness will impact a tax managersвЂ™ decision to amend or not amend a prior year tax return. Vicki is also working with a team consisting of Jennifer Schafer of Kennesaw State University, Rich White of the University of South Carolina, and Diana Falsetta of the University of Miami. The project is titled, вЂњLock In EffectвЂќ. This project looks at the short-term lock-in effect, which is the tendency for an individual income tax investor to hold on to their stock until the 12-month holding period is satisfied if the perceived value of the tax benefits from deferring the sale exceeds the potential loss in stock value of holding on to the stock. Vicki and team are investigating whether the lock-in effect exists throughout the year or only during the final weeks before the 12-month holding period is satisfied. The grants were for a sum of $10,000 each. Congratulations, Vicki! Outstanding Graduate Teacher Yu Tian, a 5th year PhD student in the area of managerial accounting, was the recipient of the 2010 Outstanding Graduate Teaching award. Yu earned the award while teaching introduction to managerial accounting classes. Yu possesses genuine interest in the success of the students, which leads to a more enjoyable learning atmosphere and encourages them to perform at higher levels. Yu received extensive training at Southwest Normal University in China, where she discovered her passion for teaching. Yu believes that learning is enhanced by creating a positive learning environment and adapting lectures to the students. As an example, she analyzes the class demographics to customize her presentations. This leads to an enhanced total learning experience through student participation and interaction. In addition to teaching, Yu is very interested is conducting research on the impact of incentive systems on decision making. We would like to take this opportunity to thank Yu for her dedication to the development of future accounting professionals. 23 Reflections 2010 Alumni Recognition ceiving this award is вЂњhighly flattering.вЂќ She has worked hard to achieve her business and career goals and believes that community service is important. Barbara is вЂњ20 Under 40вЂќ Achievement One of Many the vice-president of the Riverbanks Society Board and is very involved in the United Way of the Midlands runBarbara Koosa Ryan is a ning her Grant Thornton office campaign for many years. tax partner at Grant Thorn- She is also a member of the Women in Philanthropy and ton. She is the SC tax prac- a board member of the WomenвЂ™s SC Golf Association.. tice leader and newly proHer reply when asked to what she attributes her achievemoted Carolinas federal tax ment of becoming the first female partner at Grant practice leader. It only Thornton in the state of South Carolina sounds simple вЂ“ takes a few minutes of con- вЂњset goals, hire good people, serve clients and work toversation with Barbara to wards making all parties successfulвЂќ вЂ“ but in reality it realize that she has an inrequires much hard work. Barbara is obviously up to the tense dedication to both challenge. family and career, she craves a challenge, and she Reminded that she is a role model and inspiration to has a strong work and per- women in a male-dominated field, BarbaraвЂ™s first resonal ethic code by which sponse is accounting is no longer male-dominated. She she lives. These qualities states that the hiring process is very close to a 50/50 surely contribute to her suc- ratio between the genders and that the many more cess and to being named to women are in high level management positions.. She the 2009 Midlands вЂњ20 unalso tells us that the industry is trending towards more der 40вЂќ list. The Midlands вЂњ20 Under 40вЂќ consists of women partners. As for the advice she would give both business professionals who have achieved a stellar men and women pursuing a successful career, Barbara status through both their professional success and their believes that one must вЂњtake responsibility for your own community involvement. They must primarily conduct career.вЂќ She suggests that those pursuing a successful business in the Midlands and be under 40 years old. career should seek out coaches and mentors, both inThe program is sponsored by The State Newspaper, the side and outside of the business, to help with goal setnomination process rigorous, and the competition is stiff. ting, coaching, and as advisors. Alumni Spotlight: Barbara Koosa Ryan After talking with Barbara, the path that led her to this honor becomes very clear. Barbara obtained her B.A. in Accounting from Furman University, where she attended on a full golf scholarship. While Barbara loves golf, she knew that she wanted to excel in both golf and academics. She needed a back-up plan in case golf did not work out for her. With strong academic credentials and desiring a professional career, Barbara considered the business fields offered by Furman (Business administration, Accounting & Economics) and decided that Accounting was the most difficult and would provide her with the greatest challenge. . In addition to her accounting career and community service, Barbara has a family that consists of two children: Hugh, 9, and Kristin, 6. Balancing work and family is never an easy task, but Barbara refers to an article she read that loosely states that вЂњbalanceвЂќ doesnвЂ™t mean вЂњperfect balanceвЂќ at all times between the elements that make up your life. Instead, вЂњbalanceвЂќ means that each sector has its own time of focus and the balance between the various sectors of oneвЂ™s life are constantly shifting. Barbara contributes her personal success to the acceptance of those shifting balances and to making the most of the moment and its focus. Congratulations, Barbara! You have certainly balanced Barbara did excel in both golf and accounting, so when the areas of your life successfully and it shows. We are her parents encouraged her to obtain a second degree, proud to call you a School of Accounting alum! she chose accounting over law school. Barbara only applied to one graduate program вЂ“ at the University of South CarolinaвЂ™s Moore School of Business. The reputation of the Moore SchoolвЂ™s graduate program in Accounting, her love for a challenge, and her desire to have a вЂњBig SchoolвЂќ experience all contributed to her choice. While in graduate school, Barbara turned professional began playing on mini tour golf circuits. However, her professional golf career only lasted about two years. . Since she was not playing as well as she expected of herself, she shifted her focus to her accounting career. While BarbaraвЂ™s associates joke that the award should be titled вЂњ19 Under 40; 1 Under 45вЂќ (Barbara was 39.5 when she received the award), Barbara states that re- 24 Reflections 2010 Alumni Recognition Alumni Spotlight: Dave Lewis Cox Industries Improve Quality of Life October 2, 2010 was the first workday on the fourth Habitat for Humanity home sponsored by Cox Industries. Cox Industries is an Orangeburg-based company that provides all types of wood products for residential and commercial projects. From decking to fencing to marine treated wood, Cox has almost any wood product needed by builders of all size projects. It could be said that building is the heart of Cox Industries, which is why it seems natural they would be involved with an organization like Habitat for Humanity. Dave Lewis (MBA, вЂ™03) is the Corporate Controller for Cox Industries and former Chair of Friends of Accounting (FAD). One of his primary responsibilities toward the Cox Habitat projects is to вЂњreach out to folks for raising funds and contributions for the projects.вЂќ His contacts in FAD have helped in efforts to raise funds and to promote awareness for the projects. This is DaveвЂ™s first Habitat for Humanity project! Dave and his wife, Sharon, are involved in SamaritanвЂ™s Purse Ministry, which helps people around the world in need of shelter and basic needs. It is a natural extension of this involvement to assist Cox with their Habitat projects. Having experience in painting two home (of his own) in the past, Dave plans to paint on the current project as well. He states, вЂњSometimes folks just need a hand to help pick them up when they have fallen on hard times. To be able to provide a helping hand and give some kind of assistance is just one way I can return all the blessings I have had in my life.вЂќ If you are interested in working with Cox Industries on their current or future Habitat for Humanity projects, or want to sign up for other Habitat for Humanity projects, please contact: Pam Bedenbaugh, Cox Industries, 803-928-5042 or [email protected] Local Habitat for Humanity chapters, http://www.sciway.net/org/schabitat-for-humanity.html Fall FAD Kickoff! The annual FAD kickoff for the school year was held at the National Guard Armory on August 26th with all Beta Alpha Psi members, Junior Accounting Majors, Macc students, the SOA Faculty, Deans, FAD board, Associates and Partners from the area Firms and Accounting alumni invited to join in the festivities of kicking off the new academic year. Turn-out was better than expected with well over 200 in attendance which gave the students a great opportunity to mingle with the faculty and the Firm members in a casual setting; supper was catered by HudsonвЂ™s BBQ and as usual was exceptional. The SOA Faculty would like to extend a special thanks to Dave Lewis and the FAD Board who did a tremendous job of coordinating the event and also to the professionals who took time out of their busy schedules to attend and lend advice to the undergraduates and particularly to the MACC students who were just starting the recruiting process. While the alumni and professional turnout was great, we would love to see more of you at next yearвЂ™s event so weвЂ™ll keep you updated, and this year, there was air conditioning which made for a much more comfortable party! This is a great event to start the year and if you are interested in participating or volunteering, please email Mariah Lynch at [email protected] and check out the Moore Website for announcements for the 2010-2011 academic year kick off. 25 Reflections 2010 Faculty Accomplishments This year has been a busy and productive year for the faculty of the School of Accounting. In addition to our new hires, our faculty have been showered with awards and been recognized in many top journals with publications and asked to present in their respective areas of expertise at conferences around the country. Below are some of the accomplishments from the 2009-2010 academic year: Tom Hughes In addition to his continued work with the South Carolina Honors College was named as the new Director of the Wachovia Scholars Business at Moore Program, which celebrated its fourth summer session in 2010. Marcus Caylor Published Article: Scott Jackson "The effect of Regulation Fair Disclosure on expectations management: Published and Forthcoming Articles: International evidence" with T. Canace, P. Johnson and T. Lopez. JourвЂњDo Initial Public Offering Firms Mannal of Accounting and Public Policy, age Accruals? Evidence from IndividVolume 29, Issue 5 (Septemberual AccountsвЂќ with M. Cecchini, and October 2010). K. Liu. Forthcoming in Review of Accounting Studies. Janice Fergusson In addition to her continued work with Institute of Management Accountants, she was awarded the вЂњTwo Thumbs UpвЂќ award from the UniversityвЂ™s Disability Services. Ling Harris Presentations and Participation: вЂњInvestor status and the influence of long-term disclosures on investor judgments: An experimental investigation,вЂќ with K. Jackson, presented by co-author Kevin Jackson, Conference on Decisionmaking in Accounting, May 2010, University of Oklahoma. вЂњThe Effects of Prior Auditor Involvement and Client Pressure on Proposed Audit AdjustmentsвЂќ with R. Hatfield and S. Vandervelde. Forthcoming in Behavioral Research in Accounting вЂњThe Effect of Depreciation Method Choice on Asset Selling PricesвЂќ with T. Rodgers and B. Tuttle. 2010. Accounting, Organizations and Society 35 (8): 757-774. вЂњHow do Audit Workpaper Reviewers Cope with the Conflicting Pressures of Detecting Misstatements and Balancing Client Workloads?вЂќ with C. Agoglia, J. Brazel, R. Hatfield. 2010. Auditing: A Journal of Practice and Theory 29 (2): 27-43. вЂњThe Allowance for Uncollectible Accounts, Conservatism, and Earnings ManagementвЂќ with K. Liu. 2010. Journal of Accounting Research 48 (3): 565601. Marsha Keune Discussant: вЂњHow Do Investors Assess the Relevance of Fair Value for Financial Instruments?вЂќ by L. Koonce, K. Nelson, and C. Shakespeare, ABO Conference, October 2009 Her paper with Karla Johnstone entitled вЂњAuditorsвЂ™ and ManagerвЂ™s Incentives, Materiality Judgments, and the Resolution of Financial Statement MisstatementsвЂќ earned the Best Ph.D. Student Paper Award at the 2010 American Accounting Association Auditing Midyear Meeting in San Diego in January. Discussant: The Effects of Non-financial Asset Fair Value Recognition on Nonprofessional InvestorsвЂ™ JudgmentsвЂќ by Rick Warne, AAA Annual Meeting, August 2009 Presentations: Keune, M. and K. Johnstone. вЂњAudit Committee Financial Incentives and the Materiality of Financial Statement 26 Reflections 2010 Faculty Accomplishments MisstatementsвЂќ at the University of Kansas Audit Sympo- Brad Tuttle sium in Kansas City, April 2010 Keune, M. and K. Johnstone. вЂњManagersвЂ™ and AuditorsвЂ™ Incentives, Materiality Judgments, and the Resolution of Financial Statement MisstatementsвЂќ at the American Accounting Association Auditing Midyear Meeting in San Diego, CA, January 2010 Keune, M. and K. Johnstone. вЂњManagersвЂ™ and AuditorsвЂ™ Incentives, Materiality Judgments, and the Resolution of Financial Statement MisstatementsвЂќ at the American Accounting Association Annual Meeting, in New York, NY, August 2009 Forthcoming articles: The effect of depreciation method choice on asset selling pricesвЂќ by S. B. Jackson, T, C. Rodgers, and B. Tuttle. In press, Accounting, Organizations & Society (2010). вЂњTransferring Risk Preferences From Taxes to InvestmentsвЂќ by D. Falsetta and B. Tuttle. Forthcoming, Contemporary Accounting Research (2010) Volume 28 Number 1. Tim Keune вЂњThe Effects of Information Presentation Format on Judgment and Decision Making: A Review of the Information Forthcoming Article: Systems ResearchвЂќ by A. S. Kelton, R. R. Pennington, and B. Tuttle. Forthcoming Journal of Information SysвЂњSupervisor discretion in target setting: tems (2010) Volume 24, Number 2. An empirical investigationвЂќ coauthored with Jasmijn Bol, Ella Mae Matsumura, Scott Vandervelde and Jae Yong Shin. Forthcoming in November 2010 issue of The AccountForthcoming and Published Articles: ing Review. Hatfield, R., S. Jackson, and S. D. Presentation: Vandervelde, вЂњThe effects of auditor rotation and client pressure on proPresented a paper from his dissertation entitled вЂњAn Emposed audit adjustments.вЂќ Accepted pirical Examination of Relative Performance Evaluation at Behavioral Research in AccountIncentives, Capital Investment Strategy, and CEO Risk ing, 2010. TakingвЂќ at the Management Accounting Section Conference in Seattle in January of 2010 Gramling, A. A., E. OвЂ™Donnell, and S. D. Vandervelde, вЂњAudit Partner Evaluation of CompenMariah Lynch sating Controls: A Focus on Design Effectiveness and Extent of Auditor Testing.вЂќ Auditing: A Journal of Practice & Theory Vol. 29 (2), 2010: 175-188. Awarded a Mortar Board Excellence In Teaching Presentation: Award Nominated and delivered a вЂњLast LectureвЂќ titled, вЂњTo my daughters: Don't let good keep you from better or better from bestвЂќ through the Last Lecture series in the South Carolina Honors College. вЂњDo going concern audit opinions help stabilize an uncertain stock market?вЂќ presented at the AAA Mid-Year Audit Meeting, January 2010. Not only are we fortunate to work with such an enjoyable group of people but, as is evidenced above, the School of Accounting is filled with talented professionals with an array of interests and expertise, most of whom are willing to share their knowledge with their students and PhD Four-time winner of Epsilon Sigma AlphaвЂ™s вЂњKiss the PigвЂќ students, as well as with each other. This joint effort campus-wide fundraiser for St. JudeвЂ™s ChildrenвЂ™s Hospi- creates the most cohesive learning experience for both the undergraduate and the graduate students in not only tal the School of Accounting, which we primarily serve, but also the other departments which we strive to accommoNominated as guest coach and вЂњcoachedвЂќ the Gamedate as well. That in itself is reason to celebrate! cocks to the win over The Tide 27 Reflections 2010 School of Accounting Faculty Faculty Jimmy Burkett Lecturer & Program Director, MACC Marcus Caylor Assistant Professor Mark Cecchini Assistant Professor Caroline Strobel Professor Brad Tuttle Professor and Chair Scott Vandervelde Associate Professor Academic Coordinator, MACC Tim Doupnik Professor Rich White Professor Business Partnership Fellow Janice Fergusson Lecturer Jennifer Winchel Assistant Professor Stan Freeman Lecturer Adjunct Faculty Ling Harris Assistant Professor Tom Hughes Lecturer Tom DiMashe James Edwards Tom Eppink Jamin McCallum Tom Pietras Tom Whitacre Scott Jackson Associate Professor Cramer Research Fellow Retired Faculty Faculty Coordinator, Accounting PhD Program Fitz Beazley James Edwards Becky Kerr Adrian Harrell Lecturer John Herin Gary Luoma Marsha Keune Howard Sanders Assistant Professor Earl Spiller Tom Whitacre Tim Keune Assistant Professor Robert вЂњ AlвЂќ Leitch Professor Friends of Accounting-Donald H. Cramer Professorship in Accounting Mariah Lynch Lecturer Stan Smith Lecturer 28