Two teams represented the School of Accounting and Finance (SAF) at this year’s Battle on Bay competition held at Ryerson University of which one of the teams took home first place! This year marks the third consecutive year to which a University of Waterloo team has won the Battle on Bay Competition!
During the 2017 Fall term, the inaugural Waterloo Student Venture Fund (SVF) team reviewed 30 company pitches, conducted due diligence on three of these companies and presented two investment recommendations to the SVF’s Investment Committee. The recommendations resulted in the SVF’s first investment of $25,000 in Nicoya Lifesciences Inc. in its financing round in January 2018.
Twelve graduates from the University of Waterloo’s School of Accounting and Finance are listed on the Ontario Honour Roll for the CPA Common Final Examination, a three-day exam required to become CPA designated.
The current business landscape is highly dynamic with the emergence of disruptive digital technologies, rapidly changing economic conditions and the dramatic evolution of business models. To continue to add value in contemporary organizations, the role of professional accountants is also changing with the times. The broad accounting and finance expertise of a CPA, along with their ingenuity, judgement, and integrity allows them to thrive in the face of a constantly changing business landscape.
SAF Tax Professor, Alan Macnaughton was awarded a Lifetime Contribution Award from the Canadian Tax Foundation (CTF) at its annual conference in Toronto. This highly prestigious award celebrates individuals who have distinguished themselves through their contributions and dedication to the Canadian Tax Foundation.
SAF professors Changling Chen and Jeong-Bon Kim had their research highlighted in the "Industry Trends, Research and Commentary" section of the CFA Institute's Selections publication.
"Do managers smooth earnings to inform investors about a corporation’s long-run performance, or to hide bad news for their own opportunistic purposes? SAF authors conclude that bad news hiding is the underlying incentive of earnings smoothing for managers of these weakly monitored firms."