Accountant 2014 by Santa Clara University

The

Accountant Leavey School of Business Department of Accounting

S A N TA C L A R A U N I V E R S I T Y In This Issue Chair’s Message

Alumnus of the Year

Faculty Profile

SCU Accounting Association News

SCU Accounting Association Officers

Outstanding Graduates in Accounting

Scholarship Recipients

Advisory Board New Members

Advisory Board 2014-'15 Members

Accounting Class of 2014

Accounting Research Workshops

Student Seminar Series 12 CAAP Program News

CAAP Class of 2014

Donors

Make a Difference

december 14

From the Chair - Professor Michael Eames Our Accounting Department doesn’t work without the support of our student Accounting Association, faculty, staff, Advisory Board, and the Business School. These elements and the advent of big data came together recently to lead LinkedIn to rank our Accounting Department as 8th in the nation in terms of the career outcomes of our students. These career outcomes were evaluated on the basis of our students obtaining and keeping the most desirable employment opportunities in accounting. The Accounting Department, student Accounting Association, and our Career Center work closely with the recruiting firms to achieve excellent placement results. Our students make us proud. This year, Professor Yongtae Kim received the prestigious University Award for Recent Achievement in Scholarship. This award recognizes a faculty member whose scholarly or creative work over the previous five years at Santa Clara University represents a major

www.scu.edu/business/accounting

contribution to a field of knowledge or to the arts. Professor Susan Parker rejoined our teaching faculty this year after serving as the Associate Dean of Curriculum for the Leavey School of Business. As Associate Dean she performed yeoman services on systematic assessment of learning and placed us in good stead for our upcoming maintenance of academic accreditation both for the Business School and the Accounting Department. To give her no rest, upon her return she assumed the role of Director of our CAAP program. The success of this program is such that we are now at capacity, and admitted 100 students into the program that began at the start of this school year. I could go on, but I do recognize the nature of these messages. I can speak for the department in thanking all those who support us. Be it in recruiting or providing seminar speakers, advice, or financial support, we can’t do it without your help. We thank you all.

Issue 26 / December 2014

Leavey School of Business Department of Accounting

ALUMNUS OF THE YEAR

FACULTY PROFILE - SIQI LI Siqi Li was granted tenure and promoted to Associate Professor of Accounting in 2014. She is the most recent faculty member in the Accounting Department to receive tenure and promotion.

Stephen M. Baroni (Class of '89) Steve is the partner in charge of Frank, Rimerman + Co. LLP's Accounting and CFO Advisory (ACFO) Practice, which provides part time accounting, controller and CFO services for startup companies and privately-held businesses. In addition, Steve is the partner in charge of their Services to Businesses division which includes ACFO, Assurance, Business Valuation, Corporate Governance, and Software Solutions. He has over 25 years of experience providing accounting, auditing, and business advisory services to early and mid-stage technology companies. He currently serves as a part-time CFO for several early and mid-stage venture-backed companies in the Valley. Previous companies include Marketo (MKTO),

Nimble Storage (NMBL), Storsimple (acquired by Microsoft), SeatMe (acquired by Yelp), Shopkick (acquired by SK Planet), AgilOne, Pocket Gems, Sencha, and Sonatype. Steve graduated with a BSC in Accounting from Santa Clara University Leavey School of Business. He is a current member and past chair of SCU’s Accounting Advisory Board. Steve previously served as a board member for YMCA Camp Jones Gulch, and is an active member of Catholic Charities of Santa Clara County. He lives in Almaden Valley with his wife, Elisa, and their three daughters and is a coach for youth sports teams in the local community.

Siqi came to Santa Clara in 2008 after obtaining her Ph.D. in accounting from the University of Southern California. Born in China, Siqi decided to come to the U.S. to pursue graduate studies after finishing her B.A. in international finance. Her first stop in the U.S. was San Diego, where she spent two years earning her master’s degree in the Graduate School of International Relations and Pacific Studies (IR/PS) at UC San Diego. Later Siqi spent a couple months interning at Merrill Lynch as a financial analyst before deciding to get her doctoral degree in accounting. When asked why she chose to be a professor, she said, "The best part about being a professor is that the work is never boring and I get to constantly challenge myself. I can teach different classes, meet and interact with new students every year, and more importantly, take on interesting and exhilarating adventures in accounting research. Contrary to what people usually think, accounting research is not cut and dry; it is actually fun and dynamic. You get to ask relevant and important questions that matter to our economy and society, and then look for answers by applying rigorous and scientific methodologies. The collective results of accounting research help to inform decision makers such as standard setters, regulators, and corporations around the world. Being a college professor does not mean you can enjoy an easy life; quite the opposite, you have to work hard to excel at both research and teaching. But in the end, it is a truly exciting and rewarding profession.” At Santa Clara, Siqi’s primary teaching responsibility includes managerial accounting classes at both the

The Accountant

The Accountant is published annually by the Leavey School of Business Department of Accounting at Santa Clara University. 408.554.4578 or accountingdept@scu.edu. We invite your questions and comments.

accountingdept@scu.edu

graduate and undergraduate levels. Siqi has been an active and productive researcher. Her scholarship focuses on the role of accounting information in global capital markets, corporate governance, and financial disclosure. Her research has been published in several leading journals including The Accounting Review, Journal of Accounting and Economics, and Contemporary Accounting Research. Externally, Siqi has been reviewing papers for many academic journals and she also serves on the editorial board of the Journal of International Accounting Research, a premier journal in the field of international accounting research. Siqi is married to Peng Wang, whom she met while studying at UC San Diego. They have a one and a half year old son and are now expecting a baby girl in March. In her spare time, Siqi enjoys jogging, playing poker, reading Michael Connelly’s novels, and spending time with her family. Congratulations again to Siqi for her tenure and promotion, and best wishes to her as she continues her career at Santa Clara!

Issue 26 / December 14

Santa Clara University

Leavey School of Business Department of Accounting

scu accounting association

S e n i o r O ffi c e rs

Ne w s The Santa Clara University Accounting feedback from firm recruiters at the end of the fall Association (SCUAA) is a student group led by recruiting season and incorporate this input into plans

four junior and four senior officers who represent the interests of Santa Clara’s Accounting and A&IS majors. They are responsible for organizing events that help prepare students for careers in accounting by introducing them to professionals from a range of firms and companies. Planning for the fall recruiting season began in April 2014 with the selection of Diana Ng, Kristi Ikeda, Tiffany Iskandar and Amanda Tam as Junior Officers. With firms increasingly recruiting students earlier and earlier in their undergraduate careers, all eight officers spent a great deal of time brainstorming how best to adapt the organization’s program offerings to best prepare students. This fall the Accounting Association hosted two sets of Resume Critiques and Mock Interviews with representatives from KPMG, PwC, Deloitte and EY in addition to hosting the quarterly Accounting Career Panel in ACTG 20 with representatives from Armanino, Moss Adams, and Grant Thornton. Additionally, on September 30th, the Association hosted the 33rd annual Meet the Firms (MTF) night held again at the Villa Ragusa in Campbell, CA. This year’s event was attended by over 170 professionals representing 35 firms. It was well attended by students, with over 150 undergraduate and CAAP students registered, with positive feedback once again from all the students. These events were targeted mainly towards junior and senior students in preparation for on-campus interviews for internships and full-time positions, which took place during the fourth and fifth weeks of fall quarter. To better prepare younger students for the externship recruiting cycle and for next year’s fall recruiting, the Accounting Association will be moving its annual social forward, creating a new Winter Recruiting Kick-Off event and planning more workshops, resume critiques and mock interviews to ensure that sophomores are adequately informed and prepared. The Association also plans to solicit 4

The Accountant

scu accounting association

for the coming year. Over the coming quarters, the senior officers will be working to increase engagement among accounting students through more departmental socials, the introduction of an integrated website, and possibly accounting department t-shirts. The selection of junior officers for the 2015-2016 academic year will occur at the end of the winter quarter.

Firms in attendance at the 2014 Meet the Firms Night Abbott, Stringham & Lynch Apercen Partners Armanino McKenna BDO Brown Adams LLP Burr, Pilger, & Mayer California Franchise Tax Board Deloitte & Touche EY Frank Rimerman + Co. LLP Gallina Genentech Grant Thornton LLP Hayashi Wayland Hewlett Packard Hood & Strong Johanson & Yau KPMG

Lautze & Lautze Lindquist LLP LMGW Loomis and Co. Macias Gina & O'Connell LLP McGladrey Moss Adams LLP Novogradac & Co. PwC RINA Accountancy SanDisk Seiler Sensiba San Filippo LLP Shea Labagh Dobberstein Standish Management StoneTurn Group Texas Instruments

Eric Angle

I was born and raised in Aiea, Hawaii where I attended Saint Louis School. I chose to attend Santa Clara University because of its strong accounting program and the opportunities that it opens within the Silicon Valley area. In my free time, I enjoy rock climbing, playing soccer, and spending time with the friends that I have made while at Santa Clara. During my senior year, I hope to travel in order to gain new perspectives and expose myself to new experiences. This past summer, I interned with Ernst & Young in their Assurance practice, and upon graduation I will begin as a full-time associate in September 2015.

Ryan Chew

A Bay Area native all my life, I attended Archbishop Mitty High School before coming to Santa Clara University to pursue a degree in Accounting and a Minor in Music. Santa Clara was a school close to my heart as it is my father’s alma mater and many of the family friends I grew up with are Broncos as well. Santa Clara’s business school, specifically the accounting department, drew me in with its outstanding professors and unequaled connections to the business world. Other than the Accounting Association I am a member of the SCU Pep Band, have participated in the Jazz Band and Jazz Combo, and spend plenty of my time enjoying the company of my friends on campus. This past summer I interned with KPMG at the Silicon Valley Office in their Audit practice. After graduation I will start as a full-time associate with KPMG in Fall 2015.

Kevin Krautscheid

Born and raised in the state of Oregon, I am a graduate of Centennial High School in Gresham, Oregon. In search of a Catholic university with a strong accounting program, I was drawn to the Silicon Valley and Santa Clara University to pursue a dual degree in Accounting and Economics with a minor in Political Science. An avid runner and hiker, I have enjoyed exploring the Bay Area on weekends in addition to being involved on campus as a member of Alpha Kappa Psi, CLC, the Contemplative Leadership and Sustainability Program (CLASP), and the Leavey Scholars and ACE leadership programs. This past summer I worked as an Assurance Intern at EY in San Jose and am currently a Fraud Analyst Intern at Cisco Systems. After graduation I will begin my career with EY as a full-time Assurance associate.

Lydia Ku

I was born and raised in San Jose, CA and attended Prospect High School. I entered Santa Clara knowing that I wanted to obtain a degree in Accounting. The school's strong accounting programs and its prime location were a few of the reasons I decided to come to SCU. I have really come to appreciate the school and how it has shaped me as a professional, but most importantly, how it has shaped me as a person. The various organizations that I am a part of have had people and faculty influence my life to help me become the person I am today. Aside from SCUAA I am a member of Barkada, Igwe, KSA, Delta Sigma Pi, and LEAD, in which I took up multiple leadership positions. I currently work at Polyvore, Inc. and am a Sunday school teacher for my church. This past summer I was a Core Assurance Intern at PwC at the San Jose Office and in September I will start as a full-time associate with PwC.

accountingdept@scu.edu

Issue 26 / December 14

Santa Clara University

Leavey School of Business Department of Accounting

OUTSTANDING GRADUATES IN ACCOUNTING The Professor O. Robert Anderson Outstanding Student in Accounting Award was established in 1973, and is given in memory of Professor O. Robert Anderson, who taught accounting at the University. This annual award goes to the senior accounting major judged the most outstanding in scholarship, leadership, and service by the faculty.

2014 SCHOLARSHIP RECIPIENTS J a m e s F. S e pe E n dowe d A c c ou n tin g S c h ola r sh ip

P rof e ssor O. Robe r t A n de r son Awa rd

O u t s t a n d i n g A &I S G r a d u a t e Award

Kevin Krautscheid

Jennifer Krapf

Nicole Lugtu

Sarah Christine McClammy Th om a s M a ie r M e m or ia l Awa rd f or Ou tsta n din g A c h ie ve m e n t

P a u l L . L oc a te lli A c c ou n tin g S c h ola r sh ip

Kevin Krautscheid

Olivia Li

A c c ou n tin g De pa r tm e n t* S e n ior S c h ola r sh ips

A c c ou n tin g De pa r tm e n t* J u n ior S c h ola r sh ips

Natalie Ceciliani

Marissa Cagle

While at SCU, Jenny was active in the University's Activities Programming Board, and volunteered at Ocala Middle School, while earning a 3.98 GPA.

Raymond Cheng

Connor Liston

Aaron Chu

Diana Ng

BDO Scholarship

Following graduation, Jenny moved to Chicago to begin a career with PricewaterhouseCoopers. While she enjoys Chicago, Jenny said she still remembers the tight-knit community she found at Santa Clara, and maintains many of the relationships she made here.

Bridget Durant

Courtney Yang

Madeline Burke

For the first time, this award was given to two seniors; Jennifer Elizabeth Krapf and Sarah Christine McClammy.

Jenny Krapf grew up in Texas. Her college counselor recommended Santa Clara to her because of its size, and once she visited the campus, her decision was made. Originally a psychology major, Jenny took Accounting 11 and decided to transfer into the Business School and declare accounting, drawn not only by the relationships she had with her professors, but the fact that the job prospects for accounting majors were bright.

Sarah came to Santa Clara knowing from day one that she wanted to be an accounting major. Both her parents were auditors at Price Waterhouse, and they encouraged her to take an introductory accounting class at the local community college while she was still in high school. She found that she enjoyed the class, and decided that accounting would be a good career to pursue.

Nicole Jokom

Tuyet-Anh Ta

Monica Pires

Ryan Vas Dias

Elaina Obradovich

E Y A & I S S c h ola r sh ip

E Y Dive r sity S c h ola r sh ip

F r a n k R i me r ma n S c h o l a r s h i p

Brendan Haggerty

Dalton Moore

Clarissa Hayes

Gr a n t Th or n ton S c h ola r sh ip Sylvia Yu

K P M G C om m u n ity S e r vic e S c h ola r sh ip

Lautze & Lautze Scholarships

Alyna Merali

Ralph Ong

P r ic e wa te r h ou se C oope r s L e a de r sh ip S c h ola r sh ip

Seiler Scholarship

Jessica Huang

M oss A da m s S c h ola r sh ips Eric Kong

Sarah has indicated that when looking back at Santa Clara, she will remember studying abroad in London, participating on and leading the SCU equestrian team, and of course writing that novel.

S e n siba S a n F ilippo S c h ola r sh ip

A r ma n i n o S c h o l a r s h i p

Deloitte Outstanding Leader Scholarship

Emily Koon

The Accountant

Lauren Mendoza

C h a r le s F. L ou ie S c h ola r sh ips

However, Sarah found more to her academic experience than just classes, although she did earn a 3.992 GPA. Minoring in creative writing, Sarah wrote a 65,000 word novel for her senior honors thesis, and has published poetry and fiction in the Santa Clara Review.

Sarah has broken from her parents, starting work as a tax associate at PricewaterhouseCoopers San Jose.

Nishad Joshi

Bu r r P ilge r & M a ye r S c h ola r sh ip

Sarah McClammy had a much shorter trip to Santa Clara, growing up in the Silicon Valley. She wanted to stay in the area, both for college and to start her career. Santa Claraâ&#x20AC;&#x2122;s size, and the reputation of both the Business School and the accounting program drew her to the campus. That, and the fact that she is a second-generation Bronco. (Sarah indicated that her grandparents have been season ticket-holders for men's basketball for 38 years!)

Ca l CPA Aw a rd

Sean Merchak

Manisha Sahai

Noel Utsugi

*Our Junior and Senior Accounting Department Scholarships are made possible by the generosity of Deloitte, EY, KPMG, and PricewaterhouseCoopers.

accountingdept@scu.edu

Issue 26 / December 14

Santa Clara University

Leavey School of Business Department of Accounting

advisory board news

advisory board news N e w A d vi s ory Board Members

2 0 1 4 - 2 0 1 5 Advis o r y B o a rd Me mb e r s

Michael McAndrews rejoins the Advisory Board this year after a 12 year hiatus.

Chantal Adam

Renée Hazel

Jeff Osorio (‘78, MBA’84)

Mike is a graduate of Santa Clara University. He worked for Arthur Andersen for a number of years before completing his Big 4 Partner career with PwC in June 2013. Upon retiring from PwC, Mike went to work for the local CPA firm Abbott, Stringham and Lynch, where he has focused primarily on expanding the firm’s services to hightechnology companies.

Partner KPMG

Partner Loomis & Co.

Vice President & CFO Skyline Solar

Dave Anderson

Elise Levine

Joshua Paul

Partner Mohler, Nixon & Williams

Senior Manager Grant Thornton

Partner PricewaterhouseCoopers

Stephen Baroni (‘89)

Joseph Maglione (‘77)

David J. Price

Partner Frank, Rimerman & Co.

Partner Deloitte

Partner Ernst & Young

Richard Bellucci

Michael McAndrews ('75)

Kevin Reagan (‘83)

Partner Burr Pilger Mayer

Principal Abbott, Stringham & Lynch

Partner McGladrey

Daniel Bowen (‘88)

Bertha Minnihan

Stephanie Tsiagkas (‘96)

Partner Armanino

Partner Moss Adams

Partner Sensiba San Filippo

Jim Callas (‘81)

Bill O'Brien

Katy Yeager (‘89)

Interim CFO Invensense

Former Faculty member SCU Accounting Dept.

Senior VP, Market Leader Accretive Solutions

Kristine Caratan (‘74)

J. Martin O’Malley

Dennis Young

Emeritas

Office Managing Director WTAS

Partner Young, Craig + Co.

Mike’s experience includes assisting clients with tax and business issues associated with international and domestic expansion, mergers and acquisitions, financial accounting for taxes, California and multistate taxation, and equity compensation arrangements. In addition to high technology companies ranging from startups to multinational public companies, Mike has experience providing services to companies in the retail, wholesale, food processing, and manufacturing industries. Mike has served as a guest lecturer for both the undergraduate tax program and the MBA program at Santa Clara University. He is a certified public accountant and member of the American Institute of Certified Public Accountants and California Society of CPA’s. He also serves as Vice-Chairman of the Board of EMQFamiliesFirst, a children and family services non-profit agency.

Josh Paul is a client service partner in PwC’s technology industry sector based in San Jose. Josh’s client focus has included semiconductor, networking, telecommunications, and software clients. He has provided assurance services to early stage companies and large multinational corporations. His global client service has included international coordination with engagement teams in Asia and Europe. He was previously in PwC’s National Accounting Services group. In this role, Josh provided assistance to clients on their most complex accounting matters, particularly in the areas of revenue recognition, stock compensation, business combinations, restructurings, and impairments. Additionally, he spent considerable time developing thought leadership to apprise clients, directors, and professionals of developments in financial reporting, regulatory, and accounting standards. Josh has served as a Professional Accounting Fellow in the Office of the Chief Accountant of the U.S. Securities and Exchange Commission. In this role, Josh worked with registrants on complex accounting and reporting matters, monitored the activities of various professional accounting standard setting bodies both within the United States and internationally, and worked on various regulatory matters facing U.S. capital markets.

Lewis Chew (‘84) Vice President & CFO Dolby Laboratories, Inc.

Cal Hoagland Partner FLG Partners

Aftab Jamil Partner BDO

He is a graduate of the University of San Diego and a Certified Public Accountant in California.

The Accountant

accountingdept@scu.edu

Issue 26 / December 14

Santa Clara University

Leavey School of Business Department of Accounting

AC C OUN TI NG RE SE A RCH WORK SHOP S

ACCOUNTING CLASS OF 2014 The Accounting Class of 2014 includes students who graduated in Fall 2013, Winter 2014, Spring 2014 or Summer 2014 with a major in Accounting or Accounting and Information Systems. Alberto, Veronica F. (LS) ** Atienza, Arnaldo Roxas (LS) * Atwell, James Ryan Azpeitia, Suzanne Sharee Behdad, Nazanin Belanger, Trevor Michael (LS) ** Bielefeld, Alexander Bernard Blue, Catherine Taylor Calcutt, Alicia Daniell (LS) ** Camany, Taylor Alexandra Canova, Cameron Dean Cavaliere, Dylan Chan, Geoffrey *** Chong, Emily Cinru * Chua, Nicole Kelsey Ng Coluccio, Anthony Gregory Cooper, Bradley Jonathan Crist, Kendall James (LS) *** Dao, Tram Da Rosa, Stephanie Flanagan, Rachel Garcia, Claudia *** Golmohammadi, Shabnam Grace, Thomas Willson (LS) ** Grewal, Udhay Griffith, Spencer Evan Guglielmi, Isabella Diana Hagel, Steven Anthony Hamilton, Suni Siara *Cum Laude 10

The Accountant

**Magna Cum Laude

Hutchinson, Justin Cole ** Ichikawa, Lara Noelle (LS) ** Iritani, Kevin George * Jensen, Garrett Jens (LS) ** Kagami, Joshua * Kempis, Ariana Simone (LS) ** Kirby, Benjamin William * Klahn, Brian Dennis * Krapf, Jennifer (LS) *** Krayniy, Ivan (LS) ** Kurien, Kevin O. Le, Anthony Tin Lowe, Scott Coleman ** Lugtu, Fe Maria Nicole A. ** Luna, Julio A. Martucci, Joanna McClammy, Sarah Christine (LS) ***

Mendoza, Lauren Tognoli * Meneze, Jonathan Michael * Moore, Derek Avery Nerio, Moses Patrick Ng, Monica Nicole ** Nguyen, Tara Quynh Tam Nishikawa, Derek Shigeru (LS) ***

Noonan, Andrew Marc O’Hanlon, Nicholas Keegan Oledan, Jason Jesus Parks, Bristin Anne Peterson, Madeline Ann * ***Summa Cum Laude

Radanovich, Erika Lynn Robertson, Paige Rodriguez, Estephanie Rogel, Alison Mae Russick, Kayla Kristin Scileppi Jr., Gregory Scott Smart, Ryan Patrick Smith, Alison Michelle (LS) Snyder, Jessica * Stephens, Brett Kawika Sucha, Carolyn Ann (LS) ** Tam, Kimberly Tancos, Erin Catherine Toral, Erik Tsang, Samantha Nicole * Valencia, Gabriela Vergara, Alexa Louise Diaz Waddell, Spencer Wall, Thomas Rossi Wang, Stacey Watanabe, Sean Kai ** White, Casey James * Whittaker, Laura * Wijaya, Mervin Herman Wong, Chung Yin Eric **

(LS) Leavey Scholar

(in red) A&IS Major

The Accounting Department continues to host the Accounting Research Workshops as part of its commitment to support faculty research. We invite nationally and internationally recognized scholars to present their work at Santa Clara University. These workshops provide opportunities for SCU faculty to interact with leading-edge thinkers in the field and to present their own early-stage research to solicit constructive feedback. Below is the list of the accounting workshops during the past academic year.

Academic Year 2013-2014 Name

University

Yaniv Konchitchki UC Berkeley Michelle Hanlon

MIT

Peter Easton

Notre Dame

Research Topic Accounting and the Business Cycle The Taxman Cometh: A Tax-Based Explanation for Why Firms Hold So Much Cash The Expected Rate of Return on Equity Capital Implied by Analysts’ Forecasts of Earnings and Target Prices

Dawn Matsumoto University of Washington

The effect of industry co-location on management’s communication and analysts’ information acquisition costs

Zach Wang

Stanford

Leases: Service Contracts or Investment and Financing?

Frank Zhang

Yale

Is the Timing Role of Accrual Accounting Disappearing?

Abigail Allen

Harvard

Agenda Setting at the FASB: Evidence from the Role of the FASAC

Charles Shi

National University of Singapore

What Affects Factor Loading Uncertainty and Expected Returns? The Role of Accounting Quality

Larry Abbott

University of Wisconsin– Milwaukee

Determinants of Section 404 Fees Paid to the External Auditor

You may visit http://www.scu.edu/business/accounting/research-workshop-series.cfm for information on past speakers and their presentations. The accounting department is looking forward to another successful year of hosting the research workshop series in 2014-2015.

accountingdept@scu.edu

Issue 26 / December 14

Santa Clara University

Leavey School of Business Department of Accounting

STUDENT SEMINAR SERIES Junior/Senior Contemporary Business Seminar 2013-2014 The Department offers seminar series in the Fall and Winter quarters for students interested in developing a broader understanding of accounting-related business issues. These seminars introduce students to current issues in accounting that may not be included in the regular curriculum. If you would like to suggest a topic or make a presentation, please contact Professor Yongtae Kim. Below is the list of speakers and their presentations during the past academic year.

Academic Year 2013-2014

Name

Affiliation

Topic

Jeff Sokol Joe Maglione Ausaff Chaudhry

Deloitte

Multinational Companies and Tax Considerations

Mark Veeh

Texas Instruments

Investor Relations: The Inside Scoop

Peter Claude

PricewaterhouseCoopers

How to Succeed in Business Without Really Bribing - Balancing Risk and Growth

Nathan Schouest

Frank Rimerman + Co.

Revenue - Moving from Rules to Principles

Elise Levine Nick Heinrichs

Grant Thornton

Accounting Issues for Sports Franchises

Sriprasadh Cadambi

KPMG

Revenue Recognition and Standard Setting Process

Debby Deering

Moss Adams

The Evolution of Employee Benefit Plans and Investing for the Future

Donoghue Clarke

Under Cyber Attack

Jack Lazar

GoPro

So You Think You Want To Be a CFO

The Accountant

CAAP PROGRAM NEWS The main extracurricular event we organize for In August 2014, we celebrated the fourteenth anniversary of our Certificate of Advanced CAAP students is the annual CAAP Summer Career Accounting Proficiency (CAAP) program. The first cohort in Summer 2000 consisted of 20 students taking six accounting courses for three hours per day, each course lasting eight consecutive weekdays. Summer program enrollments have grown steadily over the years. We now offer eight courses in the summer, with each course lasting four hours per day over eight or nine days. Summer students enroll in either a morning or afternoon cohort. During the summer of 2014, 75 students took at least one class in the program and 59 of these students completed all the classes and earned certificates. This year also marks the eighth anniversary of our weekend CAAP Program. By 2007 the summer program had quadrupled in size and we were hearing from working professionals that they would appreciate access to a program that would allow them to attend classes while working full-time during the week. To meet this demand, we initiated an “Academic Year” Saturday CAAP program, running from September through June. Demand for the initial Saturday program was immediately strong, with a waiting list in the first year and no drop in summer program enrollments. Consequently, we have since added a Sunday program. For the academic year ending in June 2014, 92 students took at least one class and 51 students earned certificates through our weekend programs.

Fair. This year’s Summer Career Fair took place on July 18 in the common area of Lucas Hall on the SCU Campus from 1pm-4pm. On that day, 64 CAAP students met with representatives from 15 accounting firms. The firms attending this event included the following: • • • • • • • •

A2Q2 Apercen Partners Armanino BDO Burr Pilger Mayer Deloitte EY Frank Rimerman + Co.

• • • • • • •

Hood & Strong KPMG Moss Adams Petrinovich, Pugh & Co. PwC SingerLewak Standish Management

In prior years, the career fair took place in August. This year’s event took place in July to accommodate firms wanting to hire CAAP students for start dates beginning in September 2014. The number of CAAP students attending this event was somewhat smaller than in prior years because firms hired more of our “Academic Year” CAAP students before their June graduation than they had in any prior year.

In September 2014, Susan Parker became the new Director of the CAAP Program. The previous director, Mike Calegari, had served as CAAP Director for three years. During Dr. Calegari’s directorship, we increased the extracurricular offerings and improved the This past year, we organized several workshops on recruiting opportunities for our CAAP students. We resume building, interviewing techniques, attending also expanded the content of our accounting networking and career fairs, and preparing for the information systems course. Dr. Parker had previously CPA exam. In addition, Angie Boeltner (Assurance served as CAAP Director from 2003 to 2007, so she Partner at McGladrey) presented a workshop on brings both a fresh look and the benefits of prior resume and interview preparation to our weekend experience to the program. We look forward to her leadership in the coming year. students.

accountingdept@scu.edu

Issue 26 / December 14

Santa Clara University

Leavey School of Business Department of Accounting

donors to the accounting department

CAAP CLASS OF 2014 Academic Year Amos, Jared Anderson, Stefan Bergh, Kevin Brown, Debbie Cai, Lucy Chan, Jason Chand, Raymond Chiu, Allison Chow, Hing Ki (Katie) Chuang, Richard Chung, Eric Daus, Alexander Estrada, Regina Fung, Wilson

Gibbs, Krystal Hedayati, Nima Hirose, Yuki Hoang, Sion Hovey, Gordon Huang, Jason Hynson, Peter Irmer, Ross Itani, Katherine Kork, Lusa Kurns, Nicholas Lau, Nancy Liou, Justin Mai, Thien

Mansour, Heba Masetic,Amir McMinn, Scott Moen, Kristopher Nguyen, Yen Nguyen, Hoang Tuyet Hanh Noga, Kristin Ong, Anna Perez, Liza Poon, Ka Wing Shieh, Iris Shim, Joshua Su, Solomon

Tam, Daniel Thompson, Michele Tsoi, Kahung (Kevin) Tyler, Francine Walawalkar, Arun Walia, Ramandeep Wang, Evan Weaver, Donald Woo, Christopher Yang, Jason Zhang, Tianan (Agnes) Vinh, T. YI, Ji-Yon

Summer Anderson, Joo Hyung Bathen, John Battershell, Elizabeth Bhandal, Dilpreet Bigge, Heidi Buchanan, Andrew Bui, Quoc-An Chan, Sophia Chau, Steve Cheng, Kasey Chuang, Cathleen Colombo, Anthony Cress, Christopher Dunbar, Imani Faulk, Bryan

Felice, Eugene Guan, Zi Gutierrez, Maria Hernandez, Nicholas Ho, Suk Yee Hom, Justin Huynh, Lien Janowicz, Patrick Kaplan, David Kim, Dong Lam, Claudia Liang, Tina Long, Michael Lunden, Lea Ly, Tianna

Magner, Shannon Marbury, Ritchey Martinez, Sean Micciche, Vincent Nguyen, David Obolsky, Andrew Pan, Stacey Perry, Quinton Petersen, Scott Rossi, Vincent Sheel, Vandana Shimizu, Carlos Singh, Amanraj So, Sarah Sorensen, Daniel

Spaeth, Shaffer Tanner, Gavin Tena, Jorge Vader, Sean Vien, Johnny Wachtel, Molly Wagner, Thomas Wai, Joy Walsh, Taylor Wang, Michael Wong, Paul Wong, Jamine Young, Connie Yuen, Bryan

$20,000 - 999,000 Deloitte EY KPMG PricewaterhouseCoopers LLP $5,000 - $19,999 Black, Archie Armanino LLP Burr Pilger Mayer, Inc. Caratan, Kristine L. Chew, Lewis Frank, Rimerman + Co. LLP Grant Thornton Maier, Stephen T. Moss Adams LLP Pereira, Daniel R. Price, David J. Sensiba San Filippo, LLP Valente, Kristin E. $2,000 - $4,999 Abbott, Stringham & Lynch Accretive Solutions, Inc. BDO Callas, James W. Cassidy, John J. Charles Schwab Corporation Dolby Laboratories, Inc. Ebner, John D. Hanley, Richard Hyek, Pat Hyek Kimura, Tai Loomis & Co. CPAs, LLP Network for Good Seiler, LLP WTAS Young, Craig & Co. $1,000 - $1,999 Montvale, Lisa Munro Almassy, Scott D.

Baer, Brian G. Berrettoni, George M. Kelm, John W. Lang, Jeffrey L. O'Connor, Bradley D. Persich, Angela N. Reagan, Kevin B. Yeager, Katharine J. $500 - $999 Ryan, Jonathan D. Barsten, Jana Case, Mary K. Galligan, Peter C. Gersh, Andrew K. Huber, Lyn E. Johnson, Brett A. Lilly, H. O. McClammy, Susan S. Qualcomm, Inc. Shepard, Kristen M. United Way of Orange County Vitale, Anne-Marie $100 - $499 Agbayani, Holly Wong Austin, Mark J. Brandstetter, Michael P. Calvello, Jeffrey E. Dang, Brittney DeWinter, Jennifer A. Fongson, Arlene L. Frye, David W. Gils Carbo, Elizabeth R. Hawaiian Electric Industries Charitable Foundation Holthaus, Carmen C. Huang, Patricia A. Kuntz, Andrew W. Lau, Christine W. Levine, Elise H. McCoy, Megan L.

Nakabara, Haunani H. Nunez, F. R. O'Brien, Kathryn G. Plecque, John C. Rezzo, Thomas P. Sepe, James F. Stark, James A. Stetz, Andrea Strong, Meredith M. Tung, Steven Up to $99 Adams, Kevin M. Aki, Krislyn R. Barrett, Ashley S. Beauchamp, Thomas M. Bittner, Joseph T. Braun, Kimberly J. Chew, Ryan J. Danielson, Daniel M. Flowers, Robert E. Furukawa, Reid A. Iskandar, Hendraprawira Lees, Bradford E. Maruster, Sorin Mollenhauer, Jeffrey P. Noris, Natalie J. Osborne, Grant T. Pecoraro, Adam C. Pham, Julie H. Pugrad, Jhoanna G. Reales, Aaron A. Rossi, Kaylie R. Sanguinetti-Franzia, Nancy C. Tien, Rebecca Tyutereva, Irine A. Vahratian, Alyssa M. Van, Jessica K. Vu, Natalie M. Vuong, Jenny M. Wynn, Kortney L.

We have made every effort to be as complete and accurate as possible. Please inform us at accountingdept@scu.edu if there are any inadvertent ommissions or errors.

The Accountant

accountingdept@scu.edu

Issue 26 / December 14

Santa Clara University

The Jesuit university in Silicon Valley

make a difference

Each year, accounting alums give back to the Accounting Program and Santa Clara University by donating monetary gifts to the Accounting Development Fund. These contributions provide a variety of critical needs on campus including technology enhancements, faculty research and curriculum support, course development, aid to disadvantaged students, and academic and career programming upgrades. Please consider donating to the Accounting Development Fund, as your generosity makes all the difference. All gifts, regardless of size, are greatly appreciated. Please donate online or use the form and address provided below.

Donate Online at

http://alumnidirectory.scu.edu/Accounting_Giving - OR Full Name: Class Year (if applicable): Company Affiliation: Email Address: Mailing Address: Gift Type: Dollar Value of Gift/Donation: Gift Designation: Donations to the Santa Clara University Accounting Program may be mailed to: Department of Accounting Leavey School of Business Santa Clara University 500 El Camino Real Santa Clara, CA 95053

The Accountant

accountingdept@scu.edu