Bissett Insider

Bissett Accounting Students Society Fall Financial Accounting Case Competition

The Bissett Accounting Students Society held their Fall financial accounting case competition this past October. Nine teams, comprised of two students each competed for prize money sponsored by the CPA Education Foundation.

Congratulations to the following winners:

1st: Derek Beavan and Sultan Sahota

2nd: Dillion Hyde and Carl Florence

3rd: Mehza Sikandar and Kisanet Berhane

Special thanks to judges Adrian Surban CPA (Atco), Jennifer Cheung CPA (CP Rail, and Shiraz Kurji CPA (Bissett Associate Professor in Accounting).

Also thank you to the CPA Education Foundation for their continued support .

BASS students host successful case competition

Congratulations to the Bissett Accounting Students’ Society, participants and winners for another successful case competition:

“Bissett Accounting Students Society (BASS) was fortunate to host a financial case competition on Friday November 18th. The day started off with six teams of two students each. With the whole morning to prepare a case, students were anxious to present to the judges. This years judges included Paula Overguard from Arc Resources, Andrew Beingessner from Crescent Point Energy, Scott Bauman from Collins Barrow, Brent Hall from BDO and Simon Magennis, from Mount Royal University.

The contestants and professionals had the opportunity to network over Spolumbos lunch. In the afternoon, each team gave a 10-minute presentation showcasing their accounting acumen to the judges. After deliberation the judges announced the top three teams:

1st Place to Timothy Lipp and Sean Sarjeant
2nd Place to Steven Reed and Brendon Layton
3rd Place to Braden Smith and Miles Myers

 

Thanks to CPA Alberta’s generous support, $2,000 was distributed to the top three teams with the top team taking home $500 each. BASS is extremely thankful for all the support CPA Alberta gives us throughout the year. By continuously sponsoring us, BASS is able to not only host events such as the case competition, but also provide scholarships to students with financial need. Thank you CPA Alberta for all your support!

 

Additionally, a special thank you to all our judges for whom this event would not have succeeded without. We are excited for the future and hope you return as judges again!”

McKenzie Schoenthal 

Vice President

Bissett Accounting Students’ Society 

Visit our website at bassmru.com

students-with-judges1st-place-winners-with-judges

Bissett School of Business BASS Students host 13th Annual Golf Tournament

The 13th annual BASS golf tournament was held Friday September 30, 2016 at River Spirit Golf Club.  Thank you to the 36 professional accountants and 36 accounting students who made the tournament a success.

The annual tournament is designed so accounting students can spend a day networking with accounting professionals and learn more about working as a professional accountant.  BASS executive and members have designed the tournament to provide fun and friendly competition for players of all levels.

The tournament itself was sponsored by the Chartered Professional Accountants (CPA) of Alberta, the professional organization representing more than 28,000 CPAs across the province.  Representing CPA Alberta and speaking at the tournament breakfast was Farah Albert CPA, CA, CPA (IL, USA).  Sarah serves as Director Business Development at CPA Alberta.  Sarah spoke to recent and future CPA developments relating to articling pathways into the profession.  Her updates on the CPA qualifying experience requirements were well received by both students and professional accountants.  The audience was very attentive since half of Alberta articling students follow the pre-approved program route, with the other half following the experience verification route.

Gordon Turtle, Senior Vice-President, Communications at CPA Alberta spoke to tournament participants and guests at dinner.  Gordon provided a brief overview of the current priorities of CPA Alberta within the context of the evolution of the CPA designation in Alberta.  Reminding attendees that the accounting profession in Alberta was unified on July 1, 2015 Gordon stressed that any CPA candidate qualifying as a CPA after that date must brand themselves with the CPA designation following their name.  Following unification, brand value from the each of the CA, CMA and CGA designations is transferred to the CPA by members appending their relative legacy designation in the style of “CPA, CA”, “CPA, CGA”, or “CPA, CMA” after their name.  Gordon also stressed the importance of professional ethics as practiced by CPA Alberta members.  In order for CPA Alberta to continue as a self-regulated profession serving the public, maintaining high ethical standards within the profession is critical.

Many thanks to the following professional accounting organizations who supported our students in this tournament by providing professional accountant golfers and acting as hole sponsors:

  • CPA Alberta*
  • Critical Mass**
  • BDO
  • Crescent Point Energy**
  • EY
  • PCL Construction
  • Deloitte
  • Collins Barrow
  • ARC Resources**
  • KPMG
  • Phillips 66
  • MNP
  • Western Energy Services**
  • Gregory Harriman & Associates LLP
  • JMH & Co.
  • CPA Alberta
  • Mount Royal University

*Event sponsor,  **Hole sponsor

 

Bissett School of Business students take 1st Place in the 2016 CPA Board Governance Case Competition

The 2016 CPA Board Governance Case Competition was held on March 17-18 at Hotel Arts in Calgary.   This competition is an annual event, organized and hosted by the Chartered Professional Accountants of Alberta, originally initiated by CMA Alberta.  In this competition students are given a case to analyze.  The case covers issues in accounting, board governance, and ethics. The case is kept secret until it is handed to the teams at the competition.  Teams are then given six hours to analyze the case and present their analysis, recommending solutions to a judging panel of business leaders. Only four teams are selected to advance to the final round and prizes are awarded to the top three teams.

A total of thirteen teams representing all the universities and post-secondary institutions in Alberta participated in this year’s competition, vying for the top prize of $10,000.00.  The Bissett School of Business from Mount Royal University had two teams participating.

Both teams from Mount Royal performed very well at this year’s competition. In particular, out of the thirteen teams that entered the competition, one of the Bissett teams not only made it to the final round, but finished first overall! This is a tremendous accomplishment!  The participants work under extreme pressure to come up with their solution to the case to present to the panel of judges.  They also have to be very strong technically in their accounting knowledge and other subject matter.  Another critical component for the winning team was their strong presentation skills.

The students from the winning Bissett team were:

  • Ross Graham
  • Melissa Kinzner
  • Shaelynn (Shae) Prefontaine
  • Corey Reinhardt
  • Peter Serafini

The following faculty coached the Bissett teams:

  • Rafik Kurji
  • Shiraz Kurji
  • Simon Magennis

A lunch has been organized on Friday April 8 at 12:30 pm in room EB2027 to celebrate our teams from Mount Royal.  The Dean, Associate Dean, and all Accounting faculty will be in attendance to celebrate the success of the students who participated in the 2016 CPA Board Governance Case Competition.

On behalf of the Bissett School of Business we would like to congratulate the winners on a job well done! Congratulations also goes out to the other participants. Thank you to our dedicated faculty members for providing coaching and mentoring to our students!

Simon Magennis, Assistant Professor, Bissett School of Business, winner of CAEF Teaching Award

The Bissett School of Business  would like to congratulate our own Simon Magennis, Associate Professor, Accounting and Finance, for being nominated for this year’s CAEF Teaching Award (Chartered Accountant Education Foundation).

This reward selection process was spearheaded by Bissett Accounting Student’s Association (BASS). As in prior year’s, the selection process was based on the following criteria:

◘ Innovative improvements in course content, paper or web-based course materials,    cases or project work, or other significant course development.

◘Consistently superior performance and command of the subject matter.

◘ Attention to students’ intellectual development, interest and enthusiasm for learning.

◘ Presentation of course content and examinations at an appropriate level of rigor.

◘ Excellent course planning, organization, communication or administration.

In their selection of Simon Magennis as this year’s nominee, the selection committee found that Simon:

“clearly went above and beyond, building rapport and trust with students enough for them to share their struggles and allow Simon to help them in and outside of the classroom. Many respondents cited Simon’s ability to keep the classroom alive, to utilize real-world examples, and his availability outside of classroom or even regular office hours. However, what truly set Simon apart were a few responses that cited his ability to build rapport and trust with students to help them discover learning disabilities and truly impact their learning development. He was able to aid in these students in identifying a disability, getting tested for it, and accessing resources in order to truly excel. He didn’t stop there, but continued to challenge these students in a kind and caring way; so much that one claimed to have raised their grades from a C+ average to being on the Dean’s Honor Role. Another was subsequently encouraged by Simon to participate in a BASS Case Competition and actually won first place. Other students said that Simon would genuinely take interest in their learning and treat them like people, sharing invaluable tips for general learning and tips specific to accounting.”

Simon will be presented with the CAEF Teaching Award  at this year’s CPA Alberta Conference for Academics to be held at the Holiday Inn, Red Deer, AB. on May 6, 2016.

Congratulations Simon!

Bissett Accounting Student Society hosts successful BASS Case Competition

Bass Case Competition1
BASS Competitors and Judges, Fall 2015
Bass Case Competition2
From left to right: Krishna Gandi, Suncor Energy; Sara Burton, Richardt Malan, first place winners; Simon Magennis, Accounting faculty MRU; Paula Overguard, ARC Resources.

The BASS Financial Case Competition was held on Friday, November 20, 2015 with eight teams of two students competing for a total of $2000 in prize money. Aspiring accountants use the competition to display their developing knowledge and apply it to real life situations. This allows the students to use their analytical skills, test their critical thinking, time management and strategic skills in a challenging circumstance. Being judged by industry professionals as well as our own  Bissett faculty members, gives added credibility to the competition.

Rik Smistad, the Chair of Accounting and Finance, explains the case scenario:  “This year, the business case students presented on, involved a company that was a sole distributor for energy supplements, popular with athletes, as they contain no banned substances.  The company was looking for additional bank funding to continue expansion and the bank has asked the company for additional financial information.  A senior manager with little training in accounting drafted financial statements for the bank but they contained errors that put the company in a bad financial light. The case competitors were required to adjust the errors thereby generating correct and useful financial information.  Further, the winning cases went beyond the adjustments and considered financial ratios and analysis to support the company’s case for its ability to manage cash flow, and stay within bank required, current ratio requirements and minimum cash balances.”

Continue reading Bissett Accounting Student Society hosts successful BASS Case Competition

Bissett Student selected for Washington Center Internship

Bissett School of Business would like to congratulate Jasmeet Sandhu (Accounting) on being selected to participate in the Washington Center Internship Program in January 2016. Jaasmeet is one of two Mount Royal University students selected to participate in this internship; the other student being Katherine Adam (Social Sciences)

Each student will receive $5500.00 CDN from Alberta Advanced Education (International Education & Intergovernmental Branch) AND $2000.00 USD from the Washington Center.

Bissett School of Business wishes to congratulate Jasmeet and Katherine on this achievement and prestigious opportunity.

To read about the Washington Center Internship Program, please follow the link:

http://www.twc.edu/