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The Journal of Augustana’s Accounting Department


November 2015

From left, team members Justin Fox of Somonauk, Ill.; Michael Baugh, Matherville, Ill.; Quinn Foley, Orland Park, Ill; and Andrew Beveroth, Sterling, Ill.

Vote for the Augustana Avengers!

Augustana College is one of 15 teams in the semi-finals of the AICPA National Accounting Competition.

Our team — the Augustana Avengers — was faced with the challenge of advising a toy manufacturer on the financial, operational, and strategic risk factors associated with deciding whether to manufacture in Slovenia, re-shore to the United States, or maintain production in China.

You can vote online for the Augustana Avengers from now until 2:59 p.m. Nov. 11. The best three teams each will win $10,000 — and compete in the finals for cash for their colleges.

(Note: AICPA will send a confirmation email for voting; if you don't see it, check your spam folder.)

Delaney wins award, promotion

Dr. John Delaney was selected the Illinois CPA Society's Outstanding Educator this year.

He was pleased to be nominated for the award by current students. "We offer a challenging curriculum, but also a healthy dose of personal attention to help our students succeed at Augustana and beyond," he says.

"In return, I have developed life-long friendships with some of the most talented, motivated, and kindhearted people you will ever have the opportunity to meet. I think that enthusiasm for accounting rubs off on my students and that they believe me when I tell them that their education can lead to a personally and professionally rewarding life."

Dr. Delaney was promoted to full professor this year after 13 years at Augustana.

Druger retiring after spring term

Professor Pamela Druger will retire at the end of this academic year. She was the first accounting faculty member to receive the Jaeke Award recognizing outstanding service to the college.

She was a question writer for the CPA exam for several years, and she connected many students with local non-profit organizations such as Habitat for Humanity and John Lewis Homeless ministry for internships and other projects.

A retirement reception for her will be held May 6 at the River House in Moline, Ill., open to current and former students. Please join us in congratulating Professor Druger.

Read more about her accomplishments, and her perspective on accounting education.

Accounting Fundamentals expands horizons

Accounting Fundamentals for non-business majors has been expanded and now is required for students seeking certifications in Nonprofit Leadership Development and Entrepreneurial Studies.

This course was started to serve the needs of mainly pre-medical students in 2013. Instructor Nadia Schwartz says students who have gone through the class were specifically asked during the graduate school interviews if they had had any business courses. By taking Accounting Fundamentals they were ahead of many other students.

Said one of her students now in optometry school: "I don't think I can fully express how valuable your class was to me and my future career as an optometrist. Grad school EXPECTS us to know those things already and if I had not taken your class I would really be behind and struggling. I was very naïve about the business aspect of optometry before your class and am SO thankful that you geared our class heavily towards optometry/dentistry.“

Special thanks to Mark Petersen ’75, Carpentier, Mitchell, Goddard & Co., LLC, for his willingness to present to the students on accounting and taxation in dental practices. Any alumnus who would like to bring his or her experience to an Augustana classroom should contact Nadia Schwartz. "You do not even have to travel — we have hosted Skype guest speakers before!" she says.

Accounting welcomes new faculty

Dr. Gregory P. Tapis is the newest accounting faculty member. He spent the previous four years in the Augustana business department. He received a Ph.D. from Mississippi State University and he is a CPA licensed in Mississippi and Iowa.

Dr. Tapis teaches managerial accounting and accounting information systems. His research interests include legal issues in accounting and management accounting issues with a focus on family businesses. He has published in journals such as Journal of Air Law and Commerce, Atlantic Law Journal, and Strategic Finance.

Currently, he is president of the Rocky Mountain Academy of Legal Studies in Business and track chair for the Entrepreneurial Division of the Southwest Academy of Management. He is on the editorial board of the Atlantic Law Journal and the Rocky Mountain Law Journal. He also serves as an ad-hoc reviewer for several academic journals.

Dr. Tapis holds the following professional designations: Certified Information Systems Auditor (CISA), Certified Management Accountant (CMA), Certified Financial Manager (CFM), and Certified Fraud Examiner (CFE).

VITA program requires more of students

Many alumni remember volunteering for the department’s Volunteer Income Tax Assistance (VITA) program, which prepares tax returns for individuals and families with low-to-moderate incomes.

The overall goal of VITA has not changed over the years, but the amount of work students complete for the program has greatly increased, says Dr. Janene Finley. (Read more)

More international students major in accounting

The past few years there has been an uptick in the number of international students declaring the accounting major. Ha Pham '15 of Vietnam credits the faculty for her success — she's now in the master's program at Northern Illinois University. And Jiajun Wei '17 of China believes accounting is a skill for the future. (Read more)