Accounting Week of Welcome 4/20/2007 I am very biased.
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Accounting
Week of Welcome4/20/2007
I am very biased
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Tops in the College
I may be biased but I believe the Accounting Program is
Tops in the College
And I want to show you why
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• All over the country similar scenes are playing out as accounting firms large and small sweeten the pot in order to lure or retain employees. The Big Four have doubled their assurance staffs in the past five years and are expected to nearly double them again in the next five, thanks largely to Section 404 of Sarbanes-Oxley.
• ......."It's an extremely competitive hiring environment today," says Craig Nickerson, CFO of
Dynetech Corp.,
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• ......"We'll have an incredible shortage of accountants for the next 10 to 15 years," predicts Allan D. Koltin, president and CEO of PDI Global Inc.,
• ...... Money is certainly one way to get people's attention. Entry-level annual salaries now average $45,000, according to career-oriented
Website Vault.com, a 9 percent increase over last year's rate, and accounting salaries are rising faster than the typical 5 percent increase in other professions. Once in the door, recent grads can expect to see raises of 5 to 10 percent a year.
•
..... Fifty percent of CFOs surveyed say they do plan to loosen the purse strings not only to attract new hires but to retain current staff as well.
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ACCOUNTING STUDENTS ARE THE BEST STUDENTS IN THE ORFALEA
COLLEGE OF BUSINESS
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Best students in OCoB
Graduating fall 2007 thru summer 2008
Summa
Cum Laude
Magna
Cum Laude
Cum
Laude
Accounting 9 11 22
non accounting 5 12 37
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2078 3.986 Jewll Theresa Fin2078 3.985 Iisley Laura ACTG2084 3.969 Rietkerk Annette ACTG2084 3.96 RodriguezMichelle ACTG / Fin2084 3.956 Avneri Daniel ACTG / Fin2084 3.925 Muntzel Andrea ACTG2084 3.911 Olsen Skylar Econ2084 3.902 Booth Jacob ACTG2084 3.902 Lendvay Kristin Mktg2084 3.892 Zaida Diane Econ2078 3.882 Hwang Kami ACTG / Fin2084 3.879 FetherstonLaura ACTG / Fin2084 3.877 Peters Brenna Intl2086 3.852 Oboza Ewelina ACTG
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2007-08 may have been an exceptional year
But it wasn’t that unusual
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Best students in OCoB
Graduating fall 2005 thru summer 2006
Summa
Cum Laude
Magna
Cum Laude
Cum
Laude
Accounting 9 6 31
non accounting 8 9 40
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Best students in OCoB
Graduating fall 2004 thru summer 2005
Summa
Cum Laude
Magna
Cum Laude
Cum
Laude
Accounting 4 9 12
non accounting 3 22 39
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2003-04 Best students
Graduating fall 2003 thru summer 2004
Summa
Cum Laude
Magna
Cum Laude
Cum
Laude
Accounting 3 13 16
non accounting 5 16 53
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NEXT YEAR LOOKS JUST AS GOOD
Spring Banquet 5/19/2007
$$45,000 in scholarships
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$45000 worth of Scholarshipspresented May 19, 2007 at the Accounting Spring Banquet
Derek Quint Accounting FacultyJacob Swan Barbich Longcrier Hooper & King Rahul Dharmani Barbich Longcrier Hooper & King James Huang BDO SeidmanAmy Fujisaki Central Coast Chapter of the California Society of CPAsAnnette Rietkerk Central Coast Chapter of the California Society of CPAsDaniel Avneri Central Coast Chapter of the California Society of CPAsMadison Sinclair Central Coast Chapter of the California Society of CPAsLaura Featherstone ChevronLindsey Graves ChevronDane Lewis Damitz Brooks Nightingale Turner & MorrissetAndrea Muntzel Deloitte. Johnny Luu Deloitte. Darren Noll Ernst & Young DiversityMichelle Rodriquez Ernst & Young DiversityMartha Caldwell Fluor CorporationStephen Dinh Frank, Rimerman + Co. Mason Reichmuth Glenn,Burdette, Phillips & BrysonPatrick Doyle Grant Thornton Stephanie Chin Harb Levy WeilandJacob Booth Hayashi & WaylandKevin Kumar KPMGKyle Slattery KPMGChristopher Boucher Mayer, Hoffman, McCann P.C. Armin Shahabi PricewaterhouseCoopersQuyen Le Phung PricewaterhouseCoopersAnne Ohlig Robert W. HillRonnie Yamanaka Seiler & Co. Angela Ward Stephen C. Mansfield Natalie Craig WTAS
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Best students in OCoB
our accounting students are not only good students
they do more than study
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Orfalea College of Businessclub of the year
2007-08 Cal Poly Accounting Club2006-07 Delta Sigma Pi2005-06 Delta Sigma Pi2004-05 Cal Poly Accounting Club2003-04 Alpha Kappa Psi2002-03 Cal Poly Accounting Club2001-02 Cal Poly Accounting Club
so, they’re not perfect
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Cal Poly Accounting ClubCPAC
Fall SymposiumOctober 6, 2006
37 employers attended
187 students attended
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Cal Poly Accounting ClubCPAC
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Cal Poly Accounting ClubCPAC
Careers in Accounting DayDecember 1, 2006
18 employers attended
140 students attended
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Cal Poly Accounting ClubCPAC
Day in the ParkSpring Banquet
May 19, 2007
we expect 280
alumni, employers and students
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Student Accounting Advisory CouncilSAAC
Tutoring Lab
Information sessions
Financial literacy
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Volunteer Income Tax assistanceVITA – through the IRS
in 2005
72 students prepared
872 Federal and California returns
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Best students in OCoB
our accounting students do a lot more than study
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Great Employers
Great Jobs
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National Anchor SchoolOne of Three in California
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National Premier School
One of seven in west region
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“By the way, of the 12 or so schools we go to for Acctg/Finance our
Corporate Recruiting Dept rates Cal and Cal Poly as our best two
universities”
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“Lockheed Martin has recently
upgraded Cal Poly to a key school …..”
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Career Services graduate status report
2005-06 Most jobs in Bus College2004-05 Most jobs in Bus College2003-04 Most jobs in Bus College2002-03 Most jobs in Bus College2001-02 Most jobs in Bus College2000-01 Most jobs in Bus College1999-00 Most jobs in Bus College1998-99 Most jobs in Bus College1997-98 Most jobs in Bus College
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2006-07
Careers Services results aren’t complete
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Career Services graduate status report
Summer internships -summer 2006
81 paid internships with Big 4 alone
Link to Career Services
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Summer internships
• Barbich Longcrier Hooper & King
• Chevron Deloitte• Ernst & Young Gallo
• Frank, Rimerman• Grant Thornton KPMG• Moss Levy Hartzheim Perry-
Smith• PricewaterhouseCooper Tribune
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Sophomore Leadership Programs
• Deloitte• Ernst & Young• . Grant Thornton• KPMG• . PricewaterhouseCooper
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Thanks for the job security
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Jobs - recent article
But just wait: Gen X'ers will be in high demand when the
Baby Boomers move to retireby Rick Telberg
While many graduating college students have surrendered hope of finding a job in this beleaguered economy, accounting majors appear to be in hot demand and winning record high salaries.
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Good teachers
Fall 2005
3.64 / 4.00 Average evaluations for all accounting classes
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That was tops in the College of Business
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Winter 2006
3.43 / 4.00 Average evaluations for all accounting classes
second in the college
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Good teachers
Spring 2006
3.51 / 4.00 Average evaluations for all accounting classes
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Good teachers
Fall 2006
3.49 / 4.00 Average evaluations for all accounting classes
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Practicalreal life stuff
Every summer
PricewaterhouseCoopers invites Cal Poly accounting faculty for a week training in New Jersey
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Practicalreal life stuff
In June
KPMG holds a 1 ½ day update for accounting faculty
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Practiclereal life stuff
In 2005 and 2006
KPMG allowed me to participate in over 5 weeks of their audit methodology training
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path to the CFO’s office
MBA CFOCPA
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Your career doesn’t stop with getting a good job
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Accounting alum are Partners @• Deloitte• Ernst & Young• KPMG• PricewaterhouseCoopers
• Grant Thornton
• Barbich Longcrier Hooper & King• Bartlett Pringle & Wolf• Damitz Brooks Nightingale Turner & Morrisset• Glenn Burdette Phillips & Bryson• Seiler & Co
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• San Jose Sharks Ken Caveney Dir of Finance• Resources Steve Giusto CFO• Macerich Tom O'Hern Exec VP & CFO • Balboa Life Setareh Pouraghabagher, Senior VP• Southeast Toyota Corky Nelson CFO • Danger Inc Nancy Hilker CFO • Caesars Wally Barr Pres & CEO• Renovis John Doyle VP & CFO• Cuesta Constr Andy Kief President
• Bell Industries Tracy A. Edwards Pres & CEO, ret
• Brocade Michael Byrd President, ret
• Hambrecht & Quist Patrick J. Allen CFO, ret
• Caesars Wally Barr CEO, ret
•
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Dean’s Advisory Council 2003
Impressions of the members
survey for the Oct 2003 meeting
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Dean’s Advisory Council 2003
1. Recruited by major accounting firms disproportionately to the size of the college
2. Advisory Council that functions in significantly active and practical ways
3. Faculty that blends academia with experienced practitioners
4. Top accounting program for top accounting students to go to top accounting firms
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Dean’s Advisory Council 2003
5. Excellent professors almost all around
6. Tough and rigorous academic program
7. Very successful track record for developing highly skilled, highly demanded graduates
8. Focus in practical aspects of accounting. Grads are pretty much ready made for Big 4 firms and programs align with their requirements
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Dean’s Advisory Council 2003
9. Excellent track record placing Cal Poly grads with the Big 4
10.Good reputation in the Big 4 community
11.Not focused as much on corporate accounting needs as much as might be required by industry
12.Excellent network within the school itself as well as with Cal Poly accounting grads in industry
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Dean’s Advisory Council 2003
13. Leading edge teaching and curriculum
14.High caliber faculty15.Industry recognizes for
outstanding quality
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Strategic Planning Process 2002
Summer of 2002
survey of Alumni & Employers
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Strategic Planning Process 2002
The survey question
The students in this Area/concentration receive a high-quality business education
Highest ranking
Accounting
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Strategic Planning Process 2002
The survey question
The students in this Area/concentration receive preferential consideration from employers in my industry
Highest ranking
tie Accounting & MIS (management)
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Great students
Great employers
Great jobs
Successful alumSuccessful alum
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The Marketplace for Accounting and Financial Professionals
Pay News
Accountants' Pay Jumps on Lack of SupplyDona DeZube
January 10, 2006
If you’re an accountant who can both crunch numbers and talk management through them with the same panache, you are in high demand and low supply in many U.S. markets. And you may be worth more than you think.
“There’s very little supply and salaries in the last seven to nine months have escalated 10%-15% just due to the fact that there’s a crunch,” says Shane Hill, senior vice president, Hudson Financial Solutions, Raleigh, N.C. “Everyone is looking for the same person – someone who can do the technical work and then communicate about it.”
Trend Set to Continue Sometimes, the salary you earn is influenced by simply being in the right job at the right time, .....
“Due in part to low enrollment in university accounting programs in the late 1990s, many companies are experiencing a shortage of candidates for senior accountant positions,” says Senna.
“Competition for these professionals is very strong and many individuals are receiving multiple offers,' she says. As a result, employers have had to develop strong recruiting processes, including working with recruiting firms. Companies also are offering higher salaries and better benefits in
an effort to attract and retain these professionals.”
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I believe the Accounting Program is
Tops in the College
Now – do you see why