Four University of Portland students, under the team name Competitive Pilot Accountants, placed first in the national AICPA (American Institute of CPAs) Accounting Competition out of 145 teams. The University of Portland team, which won $10,000 its their first place finish, was one of three teams nationwide to be invited to Washington, D.C. as finalists for the competition. The other two schools joining the University of Portland were Santa Clara University and Southern Indiana University. Senior accounting majors Martin McMahon (captain), Ingrid Nelson, Michelle Siegal, and Tyler Desmarais represented UP as the Competitive Pilot Accountants.
The final competition, which was held Dec. 19-20, gave the top three teams, along with each team’s advisor, a trip to Washington, D.C., to present their case to an executive panel of judges. The University of Portland team passed the semifinal round by creating a video and having its accompanying spreadsheets and memo critiqued by the competition’s judges. There was also a public vote, which consisted of 10% of the team’s score. The UP team received 718 votes from the public.
For the fourth annual competition, a total of 145 teams analyzed a specific problem and prepared a written solution. The scenario involved a fictional 24-year old who has come up with an idea for a mobile app focused on live music shows. The collegiate teams helped take control of his finances and plan to pay off his debt quickly. After analyzing different scenarios, the team presented its findings through a written recommendation. The UP team must now complete additional work and present a film based on its recommendation.
For more information, contact faculty advisor Ellen Lippman at 7268 or firstname.lastname@example.org.