Moss Adams and Beta Alpha Psi team up for "Project Run With It"

Moss Adams is once again partnering with Beta Alpha Psi to offer the "Project Run With It" competition which brings together 60 BAP students from multiple chapters to analyze and recommend solutions to problems faced by three real not-for-profit (NFP) organizations. These problems will address accounting, finance and/or information system issues as they relate to real business problems of the participating NFPs. Fifteen student teams will be formed (four students per team). They will be given time spread over two days (August 5 and 6, 2009) to gain further understanding of the assigned NFP and then to develop their recommendations. On Friday, August 7, teams will present their recommendations to a panel of judges that will include a representative of the NFP organization, a faculty member, and a partner from Moss Adams. Winners will be announced at closing ceremonies of the National Beta Alpha Psi Annual Conference on August 8.

The nomination deadline is May 1, 2009. Chapter Advocates will provide more detailed information on the nomination process and competition at regional meetings. In general the process will include:

  • Each chapter may nominate one person with an Accounting major and one person with Finance or Information Systems major to participate. Nominations are due by May 1, 2009.
  • As part of the application process, the nominated student will be asked to conduct and document their independent research related to the problems the three NFP’s selected for the competition.
  • The selection process is expected to be competitive, with final choices based on service to BAP, grade point average, the nominee’s research, and a statement of commitment to attend the annual meeting. Ideally, students will be notified by June 1, 2009 whether they have been selected.
  • Ideal candidates for nomination include those that are passionate about NFPs, are able to work well in groups, especially groups of strangers, and possess strong presentation skills.
  • Nominated students must be able to be on site at the conference hotel in Brooklyn by 6 p.m. on August 5.
  • Moss Adams is planning on hosting a lunch for the winning teams, their faculty advisors, and the NFP representatives on Saturday August 8. Lunch is not a mandatory part of the competition.

Monetary Awards

Chapters represented by the individuals on each of the first place teams will receive a plaque, which will include the chapter name and the individual member, and a $1,000 cash award.

Why Should you Participate in this Competition?

This competition was held for the first time in 2008. A post-competition survey revealed both issues and benefits. Here is a summary of those observations:

By competing in Project Run With It, participants will 1) be working for national recognition of their chapter, 2) have the opportunity to meet, work and become friends with strangers in a short, intense period, 3) have the personal satisfaction in helping NFPs, and 4) since most participants will eventually provide voluntary services to NFPs, participants will gain valuable experience sooner than their contemporaries which will strengthen their resumes.

Participants will work long hours, particularly on Thursday and, as a result, miss some opportunities to mingle and socialize with fellow students.

You can read more information about the competition.

Related articles:

You may like these other stories...

A new report from financial services consulting firm Mercer LLC found that the median total direct compensation for CFOs at S&P 500 companies increased by 7 percent last year to $3.13 million.Mercer defined total direct...
In today's volatile marketplace, companies, regardless of their size, are dealing with more complexity than ever before. Global markets, which bring both new opportunities and new competitors, far-flung supply chains...
If you're a CPA with a bent for do-gooding, nonprofit accounting may be just your niche."We deal with a lot of organizations that do a lot of good things," says Ryan Keith, a partner in KB Parrish & Co. in...

Already a member? log in here.

Upcoming CPE Webinars

Oct 9In this jam-packed presentation Excel expert David Ringstrom, CPA will give you a crash-course in creating spreadsheet-based dashboards.
Oct 15This webinar presents the requirements of AU-C 600, Audits of Group Financial Statements (Including the Work of Component Auditors).
Oct 21Kristen Rampe will share how to speak and write more effectively by understanding your own and your audience’s communication style.
Oct 23Amber Setter will show the value of leadership assessments as tools for individual and organizational leadership development initiatives.