March 1, 2012
Accounting and finance faculty win IMA case competition
Two University of Wisconsin-Eau Claire Department of Accounting and Finance faculty members have won the 2012 Carl Menconi Ethics Case Competition sponsored by the Institute of Management Accountants (IMA).
Thomas Mihajlov, lecturer and William F. Miller, CPA, Ed.D., assistant professor and Arthur Andersen Professor of Accounting, will be recognized at IMA's 93rd Annual Conference & Exposition, June 23-27, 2012, in Las Vegas, NV. Their case, “The Case of Buca Di Beppo, A Villa in Tuscany?”, will be published in the July 2012 issue of the IMA Strategic Finance Magazine.
The case is based on real events surrounding what appeared to be a very successful and rapidly growing restaurant chain. From the testimony of whistleblowers and investigators' records, the story recounts fraudulent earnings management and expense capitalization, theft of company assets, improperly certified financials, and insider trading by the company's CEO, CFO, and controller.
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.
For more information, contact Dr. D'Arcy Becker, chair, UW-Eau Claire Department of Accounting and Finance.