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August 4, 2011

UW-Eau Claire Accounting Professor is Recipient of National Case Study Award

Bill Miller

UWEC assistant professor Bill Miller was presented with the IMA Best Case Award at the 92nd IMA Annual Conference & Exposition, held June 4-8, 2011 at the Hilton Bonnet Creek Hotel in Orlando, Florida. Presenting Miller with his award is Sandra B. Richtermeyer, Ph.D., CMA, CPA and IMA Chairman of the Board of Directors for 2010 and 2011.

University of Wisconsin-Eau Claire assistant professor Dr. William F. Miller, CPA, Ed.D., was the recipient of the Institute of Management Accountants (IMA) Best Case Award in the fifth annual Carl Menconi Case Writing Competition. Miller’s case study, “Cashing Out at the Top: Selling a Company with a Bill of Goods,” was published in the July 2011 issue of the IMA Strategic Finance Magazine.

The IMA Carl Menconi Case Writing Competition was established to develop and distribute business ethics cases with specific application to management accounting and finance issues. Cases must also use the IMA Statement of Ethical Professional Practice as a reference. The winning case and teaching notes are available for use in a classroom setting.

“Cashing Out at the Top: Selling a Company with a Bill of Goods”, a case study written by Dr.  William Miller, UW-Eau Claire Department of Accounting and Finance, tells the story of a company in the process of being sold. While doing its due diligence, the purchaser comes across several months of weak figures and asks the owner for updated financial projections. To protect his selling price, the owner turns to his president and CFO and asks them to prepare figures that overstate expected revenues. He claims the process doesn’t legally bind him to strictly truthful forecasts. The two officers take different paths preparing their reports. Click here to read the entire case.

Source: www.imanet.org/resources_and_publications/strategic_finance_magazine/issues/July_2011.aspx

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