{"id":6219,"date":"2010-01-06T10:55:21","date_gmt":"2010-01-06T14:55:21","guid":{"rendered":"https:\/\/biznews.fiu.edu\/?p=6219"},"modified":"2010-01-06T10:55:21","modified_gmt":"2010-01-06T14:55:21","slug":"accounting-students-tackle-real-world-challenges-in-2009-xtax-competition","status":"publish","type":"post","link":"https:\/\/biznews.fiu.edu\/2010\/01\/accounting-students-tackle-real-world-challenges-in-2009-xtax-competition\/","title":{"rendered":"Accounting students tackle real-world challenges in 2009 xTAX competition."},"content":{"rendered":"

Business is a place where theory is executed in real-time. Decisions carry consequences, communication is key and collaborative thinking a must.<\/p>\n

The national xTAX case study competition, sponsored by global tax services firm PricewaterhouseCoopers (PwC), encourages students to think outside the confines of the classroom where these business lessons can best be learned.<\/p>\n

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Students from FIU and Miami Dade College participated in the 2009 xTax case study competition, sponsored by global tax services firm PricewaterhouseCoopers (PwC). At the national level, PwC recognized FIU as one of the schools with \u201cthe largest improvement in participation\u201d versus a year ago. Representatives from PwC and the College of Business Administration mentored the teams.<\/figcaption><\/figure>\n

In late 2009, eleven teams of five students representing the College of Business Administration\u2019s School of Accounting and Miami Dade College (MDC) stepped up to the challenge. Each team worked through the PwC-provided case study that focused on financing health care reform for a fictitious country through a series of tax modifications. Several students from MDC joined the competition to help meet the requirement that each team include sophomores, juniors and seniors.<\/p>\n

The teams worked for two weeks developing their case studies. They then participated in interactive presentations with PwC representatives. The presentations were videotaped, and the winning team\u2019s video was submitted to compete with participating universities from across the country.<\/p>\n

Judges name \u201cThe Intangibles\u201d the winners.<\/em><\/p>\n

The judges resoundingly declared \u201cThe Intangibles\u201d—Giselle Arbas<\/strong>, Teresa Hernandez<\/strong>, Daniel Lopez<\/strong>, Ramon Medina<\/strong> and Adriana Ross<\/strong>—the winner of the local competition.<\/p>\n

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Members of \u201cThe Intangibles,\u201d the winning team, front row from left to right: Teresa Hernandez, Giselle Arbas and Adriana Ross; and back row, from left to right: Ramon Medina and Daniel Lopez<\/figcaption><\/figure>\n

According to Robert W McGee<\/strong>, director, Center for Accounting, Auditing and Tax Studies, once the judges heard this presentation, \u201ctheir only discussion was about which team would be number two.\u201d<\/p>\n

McGee, along with PwC representative Diego Suarez, mentored \u201cThe Intangibles\u201d throughout the case study development process.<\/p>\n

While \u201cThe Intangibles\u201d did not place in this year\u2019s national competition, PwC did recognize Florida International University (FIU) as one of the schools with \u201cthe largest improvement in participation\u201d when compared to last year\u2019s entries.<\/p>\n

Students gain from the experience, with career paths confirmed.<\/em><\/p>\n

\u201cOur brainstorm sessions were remarkable,\u201d senior Hernandez said. \u201cWe learned a lot from each other and, overall, become aware of how tax policies can affect the growth of a country.\u201d<\/p>\n

Ross, a junior, noted that it was extremely helpful to see taxation from the legislative side.<\/p>\n

\u201cI\u2019m passionate about accounting,\u201d she said. \u201cThe xTAX competition confirmed that taxation is the area I want to pursue on my way to becoming a certified public accountant.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Business is a place where theory is executed in real-time. Decisions carry consequences, communication is key and collaborative thinking a must. The national xTAX case study competition, sponsored by global tax services firm PricewaterhouseCoopers (PwC), encourages students to think outside the confines of the classroom where these business lessons can best be learned. In late […]<\/p>\n","protected":false},"author":32,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[13],"tags":[306,373,493,537,649,1021,1866,2151,2173,2198,2278,2388,2548],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/posts\/6219"}],"collection":[{"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/comments?post=6219"}],"version-history":[{"count":0,"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/posts\/6219\/revisions"}],"wp:attachment":[{"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/media?parent=6219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/categories?post=6219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/tags?post=6219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}