Category Archives: Accounting

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Accounting Club Visits Milwaukee

On October 13 and 14, Kappa Sigma Iota (KSI accounting club) visited Milwaukee to experience some business in action. The students were hosted by Becker Professional Education.  Their first stop was Schenck CPA firm, then they visited with PwC Advisory (the second largest CPA firm in the world) with a final stop at Bemis Manufacturing.  Students on this trip were able to meet with everyone from managing partners to newly hired accountants.  Some student comments on their experience:

“Accountants sure do love their jobs!”

“Excel is the tool of business, and I need to learn to use it better.’

“I got a better understanding of what they are looking for when they ask situational questions during an interview.”

KSI is already beginning to prepare for their Volunteer Income Tax Assistance program (VITA) which will take place in February.  Through this initiative students in the accounting club assist community members and area students with completing tax returns.

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Robinsons Continue Philanthropy to SBE

By Mark Wilcox | Published May 3, 2016 

Michigan Tech School of Business and Economics Alumnus Ed Robinson and his wife Betty  have generously given to the SBE for 50 years. Their latest gifts benefit the School two ways, with an endowed fellow as well as physical improvements to the Academic Office Building that houses the SBE.
Ed Robinson graduated from Michigan Technological University in 1966. It’s been 50 years since he left campus, but the culture of philanthropy he fostered in the School of Business and Economics (SBE) will resonate far into the future.For more than 30 years Robinson and his wife Betty have generously given to the SBE. Last year the couple decided that what they’ve done in the past wasn’t enough and vowed to do more—much more.

Through the Robinsons’ philanthropy, the SBE will see significant improvements both academically and in the physical state of its building. What was initially an idea for renovation, ended up as a major improvement to the Academic Office Building, home of the SBE, and a planned bequest for the Edward and Betty Robinson Endowed Faculty Fellow in accounting. The bequest will fund what will be known as the “Robinson Fellow.”

Eric Halonen, Michigan Tech’s assistant vice president for advancement, said students are the beneficiaries of the Robinsons’ service and philanthropy.

“Ed and Betty are building the School of Business and Economics through two facets, with both a building renovation and the faculty fellow position,” he said.

Sam Tidwell Center

Dean Johnson, interim dean of the SBE, noted Robinson’s past dedication to the school, particularly his work as chair of the Tidwell Center Endowment Campaign. Named after the legendary late accounting professor Sam Tidwell, the Tidwell Center consists of endowment funds to support scholarships and direct student services.

“Ed’s guidance and his generous gift will ensure a lasting bond between legendary faculty like Sam Tidwell and those who will have the honor of serving as the Robinson Fellow,” Johnson said.

Ed Robinson said he and Betty want to continue to help the School that has given so much to them.

“We want to do our small part in helping SBE on to greater achievements for the benefit of students now and into the future.”Ed Robinson

“Sam Tidwell and other SBE faculty were a great inspiration to me,” he said. “We want to do our small part in helping SBE on to greater achievements for the benefit of students now and into the future.”

Betty Robinson also acknowledges Tidwell’s influence on her husband’s success. “Fifty years ago, Michigan Tech invested in my husband’s quality education. … He blames Professor Sam Tidwell for steering him into a public accounting career. From that investment by Michigan Tech, he enjoyed years in public accounting.”

Betty Robinson said her husband spent 22 years in public accounting and became Deloitte’s National Industry Director-Transportation as a partner. He also became chair of the American Institute of Certified Public Accountants Transportation Committee.

“In his career, he went on to become the chief financial officer of two regional railroads in the Midwest from their inception and continues to serve in that capacity,” Betty said.

Noting that faculty are key to student success, Johnson went on to say, “Ed’s gift will support and attract high-quality faculty who are the interface for the next generation of accountants.”

Johnson said the gifts are doing more than looking out for the future of the SBE.

Academic Office Building Renovation

“The Robinsons are making additional annual gifts in order to have an immediate impact,” he said. “As a result, renovations in the Academic Office Building have recently been completed. We anticipate filling the Robinson Fellow position in the near future.”

In addition to the Robinsons’ philanthropy, Ed Robinson continues to serve on the SBE Dean’s Advisory Council and the Accounting Advisory Council and is a member of the School of Business and Economics Academy.

The Robinsons are members of the McNair Society and the 1885 Society, and Ed is a life trustee of the Michigan Tech Fund, as well as a current member of the President’s Advancement Council.

“The Robinsons are a true ‘Michigan Tech family,’” Halonen said. “Ed and Betty’s son, Decha, is a 2006 graduate of the School of Business and Economics as well. Their service and philanthropic spirit are matched by only a very select few.”

Betty Robinson said it’s only fair they give to back to the institution that has meant so much to them.

“The investment by Michigan Tech paid off, and now it is time we returned a payback to the School of Business and Economics at Michigan Tech,” she said.

 

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MTU’s DECA Soared at State Conference

SGroup DECA 2016tudents from Michigan Tech’s chapter of Distributive Educational Clubs of America (DECA) attended the State Career Development Conference over spring break. The competition has three different types     of events which include case studies, business simulations, and prepared events. The students are given thirty minutes to an hour to prepare the event depending on the type, and then present their findings to judges who grade them based on specific performance indicators. For the business simulations and case studies, no outside materials are allowed. The competition is designed to take the knowledge students learn inside the classroom and apply it to real world problems. The judges are professionals from that specific area meaning that the judge typically works for a firm within that industry and/or holds certifications which makes them competent to judge the event. This year, eleven members from Michigan Tech attended the conference, and nine qualified for the International Career Development Conference. Ken Arndt placed third in the corporate finance event, and Cassandra Barry (pictured below) placed first in the accounting event. In Michigan Tech’s chapter of DECA, placing first in any event had only occurred three times, once when the chapter was established, and twice in 2013.

 

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Brown Bag Lunch Seminar

The School of Business and Economics will have its third brown bag lunch research seminar from noon to 1 p.m. on April 21, in Academic Office Building (AOB) 101.  Associate Professor of Accounting Robert Hutchinson will present his latest research.  All interested members of the MTU community are invited.

Title: Intangible Resource Value and Tobin’s Q: Evidence from the Super Bowl.

Abstract:

The emergent resource-based view of competitive strategy is that companies survive in the long-run by developing unique capabilities that are firm-specific and difficult to duplicate. Brand equity represents one of the most valuable, unique, and potentially long-lasting of these resources, and the need for developing accounting measures that allow for the efficient management of such resources is increasingly recognized. This study uses a unique data set to empirically examine the impact of one of the most exclusive and coveted forms marketing activities, Super Bowl advertising, on long-term brand equity via the q ratio. This paper attempts to bridge the gap between the management accounting and marketing management literatures by providing a practical application of the q ratio and a resource-based perspective on the reporting of intangible assets.

 

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