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April 1, 2010; Issue 2

The Journal of Augustana’s Accounting Department

Untitled Document
March 2013

Team Augie finds success with first case competition

Augustana participated in a new case competition for the first time last fall, published by the American Institute of Certified Public Accountants (AICPA).

Seniors Drew Wiersema, Kimberly Olson, Kevin Waibel and Patrick Rae formed Team Augie running an election campaign for the next president of the United States of America. Their task was to develop solutions to address current issues such as the national debt and income taxes. Just as the real elections are cut-throat, the AICPA election was no different. Team Augie submitted a brief summary of their solution supported with calculations and in-depth research. Their hard work and dedication, along with solid writing skills, paid off. Team Augie advanced to the semi-finals as one of 20 teams out of hundreds represented. (more)


Where are they now?

"Where are they now" helps us catch up with accounting alumni. If you'd like to share a bit about your career, please email Professor Pamela Druger.

Class of 1990 Danielle (Fenzau) Valkner

I started my career in public accounting at Arthur Andersen in the financial services audit division. I was there for 12 years until the bitter end in 2002 and was fortunate to work with many talented people and gain extensive experience.

I then worked in asset management for 10 years as a CFO and chief administrative officer for two different multi-strategy investment advisors and just recently found my way back into the Big 4 professional services arena, working as a managing director in financial services advisory at PwC where I provide management and operational consulting to a variety of clients, including hedge funds, private equity and banking. Currently assisting clients to assess and implement the Foreign Account Tax Compliance Act and other regulatory reform initiatives.

I so value the strong business and accounting foundation I received from Augustana and fondly remember Ms. Druger helping me study for the CPA exam after I graduated. I now live in the Chicago suburbs with my husband, also an Augustana grad, and our four  daughters.

Class of 1995 Daniel Henning

I have been a part of the Sam Zell organization for 18 years, including the past 13 at Equity Residential (EQR), a leading owner/operator of apartment communities. I worked in SEC reporting for the first nine years, was the controller of EQR's condominium division for five years and worked in the investment group at EQR for the past four years. EQR recently closed on the purchase of Archstone with another company (AVB) and I oversaw the underwriting of that transaction for EQR. Archstone was a major competitor to EQR and AVB and was valued at approximately $16B; EQR purchased 60% of Archstone.

I also underwrite acquisition opportunities in San Francisco, Seattle and Denver and help oversee the performance of EQR's assets in those markets.  The guidance I received while I was at Augustana really meant a lot to me and has made a difference in my career.

Class of 2011 Bryant Voiles

Bryant Voiles signed a contract with the Sioux Falls Skyforce of the NBA Development League. Voiles is the only rookie on the Skyforce roster and the only player not from an NCAA Division I school.

Two-time Augustana MVP Voiles began his professional career after a trip to the 2012 Portsmouth Invitational and workouts with the Minnesota Timberwolves and Orlando Magic. The official minor league of the NBA, the D-League sent 42 players to the NBA last year and 27 percent of the players who finished last season in the NBA had played in the D-League. (Related video)


iowa summit

Accounting Summit lets students mingle with the pros

Four Augustana students gave up three days of spring break to attend the University of Iowa Accounting Summit.

This conference gives students an opportunity to participate with professionals and experience their first professional training event. (more)
(Photo album from the event)

Announcements

• Accounting Professor Pamela Druger was awarded the Harold and Violet Jaeke award for Outstanding Faculty member in September, 2012. The reward requires a nomination from other faculty and a peer review by a faculty panel.

• More than 40 students will graduate from Augustana with an accounting degree in 2013. Four received special recognition: Outstanding Accounting Student: Benjamin J. Heaton; Students of Distinction Kimberly M. Olson, Dennis O’Flaherty, and Kevin G. Waibel.

• Ten grads from the Class of 2012 stayed at Augustana for an extra year to work towards completion of the 150-hour requirement for the CPA exam through our Accounting Certificate Program. (more)

• The VITA (Vountary Income Tax Assistance) Learning Community will have the final meeting April 21, from 5-6 p.m. in the Wilson Center. A discussion on reviewing the successes and planning for the future will be held.

Upcoming

Golf outing May 4, 2013, Byron Hills. (Details)


College makes national honor roll for VITA service

Augustana has been named to the 2013 President’s Higher Education Community Service Honor Roll by the Corporation for National and Community Service. The Honor Roll recognizes higher education institutions that reflect the values of exemplary community service and achieve meaningful outcomes in their communities. The college has participated in the Vountary Income Tax Assistance program for more than three decades.


Notes from the faculty

John Delaney writes about the success graduates are having with the Accounting Certificate Program; Pamela Druger asks if having one set of accounting standards is achievable; and Janene Finley talks about VITA and new IRS software. (more)