UNLV’s Accounting REBEL-ation Team Wins $10,000, Reaches Finals of Accounting Competition
A team of four Lee Business School accounting students won $10,000 and have advanced to the finals of the American Institute of Certified Public Accountants Accounting Competition (AICPA) on Dec. 19 in Washington, D.C.
Annegenelle Figueroa, Kayla Shim and Brett Sebastian, all seniors, and Kevin Curry, a junior, comprise the UNLV Accounting REBEL-ation team, one of three finalist teams that will vie for their share of $10,000 in cash for their universities. First place receives $5,000; second place, $3,000; and third place, $2,000. Other finalists are University of Southern Indiana and North Carolina State University.
The annual contest attracts teams from the top accounting programs in the nation and targets accounting areas such as tax, personal financial planning, forensic accounting and the national deficit. This year, the contest drew 140 entrants.
“These talented UNLV accounting students have done an incredible job, and they are excited to compete in D.C.,” said Danny Siciliano, accounting lecturer and faculty advisor of the team.
“The team feels that anything more that is achieved in D.C. is icing on the cake, and they are very proud of their accomplishments,” he said.
The competition began in September when the UNLV REBEL-ation team was challenged to write their recommendations to develop a cost accounting system for Humble Pies, a fictional bakery. The system was designed to better track and budget manufacturing costs incurred to make pies. UNLV's team was named a top 15 semifinalist on Oct. 10.
In the semifinal phase, the team created a five-minute video that would compare and contrast two capital expenditure options for the company. Public votes on the video were factored into the scoring. UNLV’s team placed fifth in the public voting. The students were named finalists on Nov. 14.
The final phase of the project is to determine which of two merger and acquisition opportunities Humble Pies should pursue. The team will make a 10-minute presentation and take questions from a panel of noted corporate judges.
Click here for more information about the competition.