Ole Miss Accountant – Spring 2010 Edition - School of Accountancy

12 Pages·2010·0.98 MB·English

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News from the Patterson School of Accountancy at The University of Mississippi
www.olemiss.edu/depts/accountancy
Deloitte Foundation gift
inside:
strengthens faculty
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Message from the Dean
By Tina Hahn
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Junior studies abroad
in Paris
Morris Stocks (left), provost; Debbie Vaughn, senior executive director of development; Barry Atkins, Deloitte
partner; Carol Anne Marion, associate director of development for accountancy; Mark Wilder, dean; and Wen-
dell Weakley, president and CEO of The University of Mississippi Foundation.
A ccountancy professionals from Guy Moore
Deloitte LLP have joined with (BBA 72) of Wilton,
the Deloitte Foundation to com- Conn., another De-
mit $250,000 to enhancing faculty loitte partner, said,
support at the Patterson School “As UM alumni,
of Accountancy. we are focused on
The gift to the nationally recognized ac- providing meaning-
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countancy school creates the Deloitte Founda- ful contributions Ph.D. prepares grads
tion Lectureship in Accountancy, which will to the university for careers in academia
provide resources for research and creative to ensure that it
support for faculty members, as well as salary continues to pro- 5
UM selected to digitize
Guy Moore
supplements. duce talented and
firm’s history
Barry Atkins (BAccy 87) of Memphis, a well-prepared graduates. Deloitte has a deep
Deloitte partner, said that directing the gift commitment to the accountancy profession, 7
School’s programs
toward faculty support reflects recognition of and the profession is strengthened by quality
ranked in nation’s top 20
the professors’ role in their students’ career graduates who are our future.”
preparation. More than 100 of the university’s alumni
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“Faculty members serve as the founda- currently pursue careers with Deloitte, which New endowment
tion of a successful program,” Atkins said. provides audit, consulting, financial advisory, honors mentors
“The fact that the accountancy programs are risk management and tax services to clients.
nationally ranked is a tribute to the professors. Internships at the organization offer UM stu-
The Patterson School of Accountancy produc- dents invaluable real-world experiences, and
es some of the best and brightest young pro- Deloitte professionals also provide leadership
Ole Miss Accountant is published
fessionals. The professors do an excellent job through service on the Patterson School’s Ad-
biannually by the School of
preparing them for the profession, for their visory Council.
Accountancy.
careers and for life in general. We want to en- “Many Deloitte partners and profession-
sure the foundation provided by the faculty als, alumni and non-alumni, have committed
Comments or suggestions?
remains solid.” themselves not only to our extensive recruit-
Call 662-915-7623
continued on Page 3
F r o m t h e d e a n
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Dear Accountancy Alumni and Friends: y
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The spring semester is in full swing and all is well at the Patterson School of Ac- ot
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countancy. Founded in 1979, we have now been a separate school for 30 years. P
We are proud of what the Patterson School has been able to accomplish, thanks
to high-achieving students, dedicated and supportive alumni, and a teaching-oriented
faculty who have maintained the steadfast commitment to excellence in the class-
room that has been the hallmark of the Ole Miss accountancy program for decades.
Kevin Parrish, Rachel Epps, David Hillman
The Patterson School continues to generate visibility for The University of Mis- and Samantha Guthrie are four of this year’s
sissippi nationally. For five consecutive years, the Ole Miss accountancy program Phi Kappa Phi award winners.
has been nationally ranked. The 2009-10 rankings were recently released, and both
our undergraduate and graduate programs were once again ranked among the top phi Kappa phi
20 in the nation (our undergraduate program at No. 19 and our graduate program
Fall 2009 Honorees
at No. 18). We are No. 3 in the highly competitive SEC behind only the University
of Georgia and University of Florida. In addition to the above rankings, Ole Miss
is ranked No. 1 in the SEC and No. 3 nationally in doctoral-degree output over the Carla Maureen Alexander
1988-2009 time period. This ranking is a testament to the productivity of our faculty Weston Ray Bert
and doctoral students and of our program’s contribution to the advancement of ac- Caitlin McCullough Cassidy
countancy research and education. Christopher Drew Edwards
I am pleased to report that our official enrollment for 2009-10 reached an all-time Rachel Elaine Epps
high of 763 students. This total includes 639 in our undergraduate program and 124 Cynthia Ann Fry
graduate students, both of which are record numbers. Programmatic additions to Samantha Lynn Guthrie
the school continue to enhance student educational experiences. In spring 2009, we Byron David Hillman
offered our master’s students a CPA review course for credit. Reported results show Kevin Edward Parrish
an almost 90 percent pass rate on individual sections for participants. The national Jerald Martin Paschke
average was approximately 49 percent. Our formal internship program is now in
its seventh year, and we have 54 students interning in spring 2010 throughout the
Southeast and nation.
Our program now offers students the opportunity to earn a bachelor’s and mas- Who’s Who Honorees
ter’s degree within five years, experience a meaningful internship and be thoroughly
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prepared for the CPA exam. We are proud of the opportunities we are able to provide
Tommy Vincent Chamblee
students, and we remain deeply grateful for the role our alumni and friends have
Mary Glenn Christopher
played in enabling our success. You help us recruit top students, you provide career
Phillip Wrather DeBardeleben
opportunities for our graduates, and you ensure we have the funding in place to meet
Jessica Glynn Fort
our needs and to achieve excellence.
Charles Robert Gautier
We consider it a true privilege to serve you and our students. Accountancy sup-
Courtnie Lea Ghinaudo
porters have been the standard setters at Ole Miss for decades, and we ask you to
Samantha Lynn Guthrie
continue this commitment to excellence. We appreciate so much your past support
Blair Karisa Harden
of our efforts in the Patterson School and trust that you will remain committed to
Robyn Leigh Hornsby
these efforts.
Caitlin Brooke Huffines
John Samuel Holt Irving
Sincerely,
Margaret Grace Joyner
John Preston Klinke
Whitney Massey
Zachary O’Neal Moore
Dennis Pickens
W. Mark Wilder
Antonia Louise Pittari
Dean and KPMG Professor
Adam Carr Ruff

Igor Shkilko
Christine Marie Sims
April Quezette Smith
Katherine Nichols Sneed
Stephanie Joy Stewart
Elizabeth Lea Thomas
Lee Hubert Thompson
Lauren Elizabeth Williams
Graham Bouchillon Wise
Accountancy major spends semester in paris
By Elaine Pugh
Since arriving in Paris in early Jan- “As for the school, there are 2,000 enrolled,
uary to spend the spring semes- including 90 exchange students. I am the
ter studying at the International only American, and there’s one boy from
School of Commerce, Libby Para- Canada. I have made good friends from all
doski has encountered only two over Europe, including Denmark, Lithu-
glitches: overcoming a brief bout of home- ania, Latvia, Germany and Holland.”
sickness and learning to get around on the She also worked a paid internship
local metro and bus system. through March with the head of the ISC
A junior accountancy major from Web- English department.
phi Kappa phi ster Groves, Mo., Paradoski is enrolled “I basically coached students and
in junior- and senior-level management teachers in English and helped students
Fall 2009 Honorees
courses equivalent to 14 Ole Miss academ- prepare for interviews and write American-
ic hours. style resumes and cover letters,” she said.
Carla Maureen Alexander She will receive credit toward her UM Classes are not scheduled on Thurs-
Weston Ray Bert degree, thanks to an exchange agreement days and Fridays so Paradoski enjoys trav-
Caitlin McCullough Cassidy between UM and ISC-Paris managed by eling on long weekends. She has visited
Christopher Drew Edwards UM’s Study Abroad Office. While some Amsterdam and plans to see the Provence
Rachel Elaine Epps ISC classes are taught in French, hers are region of France, as well as London and
Cynthia Ann Fry taught in English. Dublin. She expects her brother to join her
Samantha Lynn Guthrie “The classes are set up differently when her classes end May 12. They plan to
Byron David Hillman here,” she said. “There is hardly any home- travel throughout France and Italy, then fly
Kevin Edward Parrish work given, and around 50-70 percent of from Italy to Cairo, Egypt, for more sight-
Jerald Martin Paschke the final grade is based on the final exam, seeing before heading home June 4.
which is a presentation in some cases. They Describing her study abroad as a
love presentations and case studies here. I “once-in-a-lifetime experience,” Paradoski
have them for every class, but I am enjoy- said that, besides her experience at ISC and
Who’s Who Honorees ing working in groups with students from learning about other cultures, she is also
all over the world.” gaining independence and self-confidence.
Paradoski, who plans to complete “I have to learn to manage my time 3
Tommy Vincent Chamblee
UM’s five-year accountancy program in wisely between schoolwork and travel-
Mary Glenn Christopher
May 2012 and take the CPA exam, said she ing,” she said. “I believe this will enhance
Phillip Wrather DeBardeleben
has experienced minimal culture shock. my overall college education because I
Jessica Glynn Fort
“After taking French for four years in will continue to use what I am learning
Libby Paradoski is spending this semester
Charles Robert Gautier
high school, I have found it quite easy to here.” studying management in Paris.
Courtnie Lea Ghinaudo
get around and talk to people,” she said.
Samantha Lynn Guthrie
Blair Karisa Harden
Robyn Leigh Hornsby
Caitlin Brooke Huffines ph.D. continued from page 1
John Samuel Holt Irving ing efforts that occur throughout the year he said. “This generous gift provides criti- on their students is one reason this gift is
Margaret Grace Joyner but also monetarily to the Deloitte Foun- cal resources for faculty support and helps directed for faculty support. I received so
John Preston Klinke dation Lectureship,” Atkins said. “Having ensure our ability to offer competitive sala- much from the university as far as academ-
Whitney Massey recruited at a number of universities, we ries to attract and retain professors of the ics, career preparation, life lessons and
Zachary O’Neal Moore can say that the commitment of UM pro- highest quality. friendships. It is easy to remain committed
Dennis Pickens fessors is what distinguishes the talent at “We are honored to have the Deloitte to a university where you’ve gained those
Antonia Louise Pittari Ole Miss from other schools. Graduates name on a permanent endowment at Ole benefits.”
Adam Carr Ruff are prepared academically, professionally Miss, and we greatly value our long-stand- Atkins concurred.
Igor Shkilko and socially.” ing partnership with the organization.” “When I was a freshman, I didn’t know
Christine Marie Sims Mark Wilder, dean of the Patterson Moore recalled the day in 1982 when what path I wanted to take. Accounting be-
April Quezette Smith School, expressed his appreciation for the he was admitted as a partner in Deloitte—a came the choice because of my affinity for
Katherine Nichols Sneed support. meaningful benchmark in his career. math and analytical thinking. Many profes-
Stephanie Joy Stewart “We are profoundly grateful for this “Among the first few people I called sors invested a lot of time in my college
Elizabeth Lea Thomas tremendous investment by our UM ac- was (the now late) Professor Gene Peery career to ensure I was successful, from Dr.
Lee Hubert Thompson countancy alumni with Deloitte and by the at Ole Miss,” he said. “He set me and Finley Graves and Dr. Russell Briner, to Dr.
Lauren Elizabeth Williams Deloitte Foundation to enhance the work many others on a path to career success. Jimmy Davis.”
Graham Bouchillon Wise of the Patterson School of Accountancy,” The positive impact professors can have
A C C O U N T A N C Y
ph.D. prepares grads for careers in academia
By Rebecca Lauck Cleary
Graduates of The University of Miss among the faculty and students fit my P
h
Mississippi’s Ph.D. program personality, my goals and helped me to ex- oto
in accountancy say their edu- cel in the program.” b
y
cation prepared them well for Shawn Mauldin turned his doctoral N
a
careers in higher education. degree from Ole Miss into a job as dean of th
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“Choosing to attend Ole Miss was the College of Business at Nicholls State L
a
easy; leaving was difficult,” said Lori Ep- University in Thibodaux, La. Mauldin said til
ping, assistant professor of accounting at he decided on Ole Miss’s doctoral program
the Beacom School of Business, University after meeting with professors who seemed
of South Dakota. “It’s a great community, genuinely concerned about his future.
a great university and a great school of ac- “Several of the professors had just com-
countancy. The program is challenging and pleted their doctoral programs and could
rewarding, preparing students to be com- relate to my questions and concerns,” said
petitive with other academics. I had a very Mauldin, who earned his B.A. and M.B.A.
positive experience during my time as a at Nicholls State.
Ph.D. student, and I highly recommend the Additionally, he said the overall envi-
accounting Ph.D. program at Ole Miss.” ronment of the program prepared him for
Epping also said that UM offered tal- a career in higher education, and it was a
ented, knowledgeable and supportive fac- great experience that changed his life.
ulty members. She said that the program Mauldin credits the mentoring he re-
gave her valuable research skills, and she ceived at Ole Miss as preparation for be-
felt confident in her ability to succeed at coming dean.
the University of South Dakota and never “As an administrator, you are indirectly
felt unprepared to carry out her responsi- involved with the students. However, ad-
bilities during her first year there. ministrators can have a significant impact Annette Pridgen’s doctoral degree led to a teach-
ing career at Ole Miss.
Another graduate of the Ph.D. pro- on the direction and academic quality of
gram, Annette Pridgen, is now assistant the business school. Personally, I have grams in accountancy.
professor of accountancy at UM. She took received more satisfaction from being an At the Patterson School, the Ph.D. in
a position here after earning bachelor’s and administrator than a professor,” he said. accountancy course schedule differs de-
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master’s degrees in accounting from Jack- Over the past 20 years, UM has gradu- pending upon the background and needs
son State University and working in the ated 66 Ph.D. in accountancy students, of each student. The minimum course re-
state auditor’s office in Jackson for more placing it third in the country in number quirements include 25 hours in accountan-
than 13 years. She said her experience in of Ph.D. degrees in accountancy granted, cy, 12 hours in a minor field and 15 hours
the program was positive. said Dale Flesher, associate dean for the in research. At least 25 hours must be in
“When I started the doctoral program Patterson School of Accountancy. Texas 600-level accountancy courses, including
at Ole Miss with three other candidates, we A&M ranks first with 79 graduates, and seminars in contemporary accounting the-
immediately bonded,” Pridgen said. “We the University of Texas ranks second with ory, auditing and accounting information
took a lot of the same classes and studied 73 graduates within the last 20 years. About systems research, and financial accounting
together. The collegial atmosphere at Ole 80 American universities have doctoral pro- and capital market-based research.
AArp tax help
University of Mississippi accountancy graduate student Will
McQuiston and AARP volunteer Jose Velez assist Bobby
Ingram with his income taxes at the Stone Center in Oxford
in early February.
UM selected to digitize accounting firm’s history
By Elaine Pugh
Digitizing and storing valuable
information for future genera-
tions is a high priority for De-
loitte LLP, one of the largest
professional-service organiza-
tions in the world and one of the Big Four
public accounting firms.
As a result, The University of Missis-
sippi John D. Williams Library was selected
to receive a $155,000 grant from the Delo-
itte Foundation to digitize materials from
1895 through 1983.
A major consideration for landing this
project is the library of the American In-
stitute of Certified Public Accountants
(AICPA), acquired by the UM Library in
2001, which has become the largest ac-
counting collection in the world.
“Because of this premier collection,
we have materials no one else has,” said
Dale Flesher, associate dean of the Patter-
son School of Accountancy, who for many
years has been a liaison with the AICPA and
played a major role in bringing the collec-
tion to UM. “Even Deloitte does not have
many of the publications in our library, and
they were the publishers.”
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“We wish to team up
Deloitte-referenced materials in the
with firms and AICPA Collection also will be included in
the digitization project, such as sponsored
societies in making
conferences promoting theoretical work in
these materials widely accounting and highlights of partners in the
firms who have chaired AICPA committees
available to scholars.”
that have shaped accounting standards.
Ole Miss has had a long relationship
— royce KUrtz with Deloitte and its predecessor organiza-
tions as many UM accountancy graduates
have had rewarding careers with the firm,
The materials highlight the history of and several graduates are currently firm
the now-global company and its predeces- partners, Flesher said.
sor firms Haskins and Sells, Touche Ross Upon completion of the digitization
and many others. In all, more than 30,000 project, plans call for making the informa-
pages of material will be scanned and post- tion available worldwide via both the Ole
ed on the UM Web site. It will include the Miss and Deloitte Web sites.
journals Haskins and Sells Bulletin 1918- “We wish to team up with firms and
1932; H & S Reports, 1963-1983; The Quar- societies in making these materials widely
terly (Touche, Ross, Bailey & Smart) 1955- available to scholars,” said Royce Kurtz,
1967; and Tempo (Touche Ross) 1968-1983, AICPA Collection reference librarian. “Our
as well as company histories, biographies partnership with Deloitte will hopefully be
of famous partners, and books on account- one of many that will bring the history of
ing and tax guidance for practitioners and the accounting profession to a worldwide The J.D. Williams Library houses the AICPA
industries. audience.” collection.
A C C O U N T A N C Y
spring 2010 accountancy interns
Name Company City State
Susan Douglas Barcus Blue Cross and Blue Shield Jackson Miss.
Tony Barkley Lane Furniture Tupelo Miss.
Bret Blankenship BancorpSouth Olive Branch Miss.
Corina Bonilla KPMG Orlando Fla.
David Burkhead Borg Warner Water Valley Miss.
Mary Glenn Christopher PWC Birmingham Ala.
Megan Cook Evergreen Packaging Memphis Tenn.
Betsy Davis PWC Dallas Texas
Phillip Debardeleben Dixon Hughes Memphis Tenn.
Robert Dunlap Horne Jackson Miss.
Rachel Epps Thompson Dunavant Memphis Tenn.
Kimberly Forrester H2A Complete Southaven Miss.
Jessi Fort Lefoldt & Co. Jackson Miss.
Will Geary KPMG Memphis Tenn.
Matt Gray Tyson Springdale Ark.
Samantha Guthrie Alexander Van Loon Sloan Levens Wiggins Miss.
and Favre
Dave Hale Thompson Wallace Olive Branch Miss.
Patricia Hamilton Quick Tax Tupelo Miss.
Todd Heinz PWC Dallas Texas
Brooks Hieronymus Wilkins Miller Hieronymus Mobile Ala.
David Hillman KPMG Atlanta Ga.
Will Hodges PWC Dallas Texas
Tre Holland Platinum Tax Abbeville Miss.
Robyn Hornsby Deloitte Memphis Tenn.
Caitlin Huffines Silas Simmons Natchez Miss.
Holt Irving KPMG Dallas Texas
Meg Joyner BKD Oxford Miss.
Jackie Kulzer BDO Memphis Tenn.
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Courtney LaBorde UM Accounting Oxford Miss.
Wei-Ting Liao Locke Lord Bissell and Liddell Dallas Texas
Erin Lotz KPMG Memphis Tenn.
Po Lutken KPMG Nashville Tenn.
Whitney Massey Deloitte Memphis Tenn.
Tyler Moore Comstock Resources Frisco Texas
Zachary Moore KPMG Atlanta Ga.
Ryan Pellum Kemmons Wilson Inc. Memphis Tenn.
Tonie Pittari KPMG Los Angeles Calif.
Joseph Richardson Nesco Electrical Distributors Tupelo Miss.
Patrick Richardson Borg Warner Water Valley Miss.
Rebecca Rubick Memphis/Shelby County Memphis Tenn.
Airport Authority
Adam Ruff PWC Dallas Texas
Christy Sims Deloitte Nashville Tenn.
Katty Sneed KPMG Jackson Miss.
Stephanie Stewart KPMG Jackson Miss.
Elizabeth Thomas EY Memphis Tenn.
Tammy Thomas Sims Metal Management New Albany Miss.
Lee Thompson PWC Birmingham Ala.
Thomas Threadgill Ducks Unlimited Memphis Tenn.
Will Threadgill KPMG Memphis Tenn.
Eliza Vaughn Kinney & Associates Oxford Miss.
Natalie Watanabe PWC Atlanta Ga.
Elizabeth Weiss Dixon Hughes Memphis Tenn.
Lauren Williams PWC Atlanta Ga.
Thomas Wilson Tyson Springdale Ark.
Graham Wise PWC Dallas Texas
‘ole Miss-Becker’ cpA review course offered
By Rachel Britton
A ccountancy students at The with it and study just as we would for our failed. This is a pass rate of 89.8 percent
University of Mississippi can other classes,” Blair said. “I think if we compared with the national average of ap-
move ahead of their peers hadn’t received class credit, we wouldn’t proximately 50 percent on individual sec-
when it comes job-hunting have taken it as seriously.” tions. About half of the 49 students passed
time by taking the “Ole Miss- Most students who take the course all four parts of the CPA exam on the first
Becker” Certified Public Accountant Re- are enrolled in the master’s program in ei- sitting.
view as a credit course through the univer- ther taxation or accountancy. A total of 49 “I am pleased with the results but not
sity’s Patterson School of Accountancy. really that surprised,” said Dean Mark
P
h
Becker Professional Education offers o Wilder. “These students have already gone
to
preparation courses for the CPA exam and b through a rigorous accountancy program
y
other professional certification exams. N here at Ole Miss so they are primarily re-
a
Being able to take the exam while still in th viewing and synthesizing their knowledge
a
school is a huge benefit, several previous n with the course. Also, it is widely acknowl-
L
students said. a edged that the Becker materials are very
til
“It has definitely helped me with my good. Furthermore, offering the course
career having the exam behind me,” said for credit with our faculty delivering the
recent graduate Jeannie Blair, who works class motivates the students to be account-
for Deloitte LLP in Nashville. “I am not able. The course is a tremendous amount
worried about studying after work, as of work, and the students are to be com-
many people are, and it was great to get mended for their efforts.”
it out of the way while I was still in ‘study The benefits from this course can be
mode’ in college.” immense, said Dave Nichols, UM associate
Josh Norris, another alumnus of the professor of accountancy. “If students do
program who works for Ernst & Young in what we ask them to do, they should be
Memphis, agreed. able to have completed the CPA exam by
“I couldn’t imagine going to work, Students are able to take certification exams the time they graduate.”
then having to study after-hours,” Norris while still in school. Billy Rhodes oversees one Students who have taken this course
of the sessions.
said. agree that it offers great benefits, but fu-
Though this is the third year the students participated in the course during ture students need to be prepared to work
school has offered the CPA review course, spring 2009. There are four individual parts hard. 7
it is only the second year that students can of the CPA exam, and based on scores re- “It was a huge time commitment but
receive academic credit for it, helping them ported by the students, the results were well worth it,” Norris said. “The combina-
to focus on the course as much as they do outstanding. As of the end of last summer, tion of the Becker materials and insight
on other accounting classes. 147 scores on individual sections had been from the accounting faculty is exactly what
“We had motivation to really keep up reported: 132 students passed and only 15 students need to pass the exam.”
Accountancy repeats top 20 national ranking
Once again, a national ranking ranked anywhere in the top 25 is a major fact that UM has the greatest accountancy
places UM’s undergraduate accomplishment. library in the world, as well as because of
and graduate programs in “The rankings are based in part on the the research efforts of the faculty. “Thus,
accountancy in the top 20 na- success of our graduates in becoming lead- in a sense, the rankings are an overall as-
tionally (at No. 19 and No. 18, ers in public accounting firms, and we are sessment of all of the accountancy faculty
respectively). The list was published in the successful in that dimension and have been activities, including teaching, research and
Oct. 31, 2009 issue of the Public Accounting for more than 60 years,” Flesher said. service to the profession,” he said.
Report. UM is third among SEC schools in Of the schools in the United States Dean Mark Wilder said it is a great ac-
the rankings, behind only the University of offering accounting programs, about 500, complishment for the school to once again
Georgia and University of Florida. including UM, are accredited by the As- be recognized as a top 20 accountancy pro-
For many years, UM’s undergradu- sociation to Advance Collegiate Schools of gram nationally.
ate program has been ranked in the top 30 Business, or AACSB International, as being “This honor is a testament to the hard
nationally. among “the best accountancy and business work of our faculty in delivering a rigorous
Dale Flesher, associate dean, said programs in the world.” educational experience, as well as to our
that since there are at least 1,000 accoun- Flesher said the rankings of the Pub- outstanding students who go on to have
tancy programs in the United States, to be lic Accounting Report are influenced by the phenomenal careers,” Wilder said. “Also
continued on Page 12
A C C O U N T A N C Y
new endowment honors mentors
T o support scholarships, faculty
development and other aca-
demic needs within the Patter-
son School of Accountancy, a
1973 accountancy graduate
and his wife established the Hugh and Pam
Boone Accountancy Excellence Endow-
ment Fund. Created with a $50,000 commit-
ment from the Boones, the endowment
honors UM’s Gene Peery and Jimmy Davis
as well as Rex Deloach—three men who
helped determine the course of Hugh
Boone’s career.
Boone said he never would have con-
sidered accountancy except for a chance
meeting shortly after his arrival on the Ox-
ford campus his freshman year.
“I met Gene Peery and he encouraged
me to take accounting principles with him,
and I ended up majoring in accountancy,”
Boone said. “I graded papers for him my
junior and senior years, spending two to
three hours a day, five days a week, sitting
at a very small table in front of his desk,
hearing all of his stories and conversations.
It was a good bath in general principles for
two solid years.”
During those two years, Boone also
8 spent a lot of time with Peery’s colleague
Jimmy Davis, now professor emeritus of
accountancy.
“Randy Graves (who graded for Davis Hugh Boone (right) with Pam, Tyler and Whitney Boone.
and remains one of Boone’s best friends),
Jimmy, Gene and I would all go to the dog Boone joked that Deloach even taught him Professor Peery and me, and, at times, I
races on Friday nights,” Boone said. “I be- how to dress, teasing him whenever his think they thought they were running the
came pals with Jimmy, and, since that time, shoes didn’t match his suit. program.”
he’s always been supportive and available During his time with Touche Ross, Despite any influence he may have had
to speak with me. I’ve always wanted to do Boone met his future wife, Pam. He said on the accountancy program as a student,
something to honor both Gene and Jimmy that as Pam became part of his family, she Boone said that he and Pam put no restric-
because if it hadn’t been for them, I would became close with Peery, Davis and Delo- tions on the endowment in the hopes that
not have had the opportunity to start a ca- ach, who “were already in the family.” it will allow Dean Mark Wilder and future
reer in Memphis, much less have one as Now an investment banker for FTN Fi- deans to address the Patterson School’s
rewarding.” nancial, the capital markets group of First most pressing needs.
Peery was directly responsible for Tennessee Bank, and with two grown chil- “We are extremely grateful to Hugh
Boone getting an accounting job upon grad- dren, Boone said he is happy to be able to and Pam Boone for their generosity and
uation, encouraging him to pursue a career give back to The University of Mississippi for their dedication to making sure we are
in the field rather than return to Grenada, and honor the men who took such a strong able to continue the legacy of excellence
his hometown, to work in his family’s busi- personal interest in his life and the lives of established by long-time outstanding pro-
ness. Peery even called Boone and made others. fessors such as Gene Peery and Jimmy
sure he interviewed with accounting firms Davis lauded Boone’s commitment: Davis,” Wilder said. “The loyalty and
that recruited on campus. “Hugh Boone is and always has been a generosity of our alumni and friends are
After Boone landed a job with Touche strong advocate for the School of Accoun- clearly a ‘difference maker’ in helping our
Ross, where he worked for nine years, tancy and is my longtime friend.” Davis accountancy program move to the next
Rex Deloach took him under his wing and also joked about his student days. “He and level of excellence.”
became another good mentor and friend. his close friend Randy Graves graded for
A snapshot of your generosity
How Your Gifts Help
port the Jimmy Davis Scholar-
A. Faculty and Research Support $858,910
ship Endowment, these funds “endowments provide a
B. Scholarship Support $206,201 were directed to 17 individual steady source of income
C. Unrestricted School of Accountancy $89,457 endowed scholarships and 10 that is crucial to the
Support flow-through scholarships. success of the university. it
D. General, Programmatic & Library $54, 326 is encouraging to see our
c. Unrestricted school of
Support
Accountancy $89,457 accountancy alumni
E. Beta Alpha Psi Support $13,835 This year, 277 donors continue to step up and
Total Receipts: $1,222,729 made unrestricted gifts to the invest in ole Miss through
School of Accountancy (gifts
establishing endowments
Receipts for the fiscal year ended June 30, 2009 directed to either the School
benefiting the school of
of Accountancy Fund or the
A. Faculty and research $858,910 Accountancy Dean’s Fund). Unrestricted Accountancy.”
The establishment of the Roland & gifts went to scholarships, recruitment, fac- — Morris stocKs, provost
Sheryl Burns Chair and KPMG’s collective ulty development and other uses. See pie
support of more than $65,000 toward the chart below for detailed breakdown of gifts.
KPMG Professorship made up the bulk of
this funding, which helps ensure our ability D. general, programmatic & Library e. Beta Alpha psi $13,835
to attract and retain outstanding, student- $54,326 Raised primarily through the Beta
focused faculty members. Led by a collective gift from Horne of Alpha Psi Golf Tournament, this funding
almost $30,000 to the Horne LLP Accoun- helps support our Beta Alpha Psi Chapter,
B. scholarships $206,201 tancy Excellence Endowment, these funds which provides service and leadership op-
Led by support from the Charles W. provide general, programmatic and library portunities to high-achieving students.
Caldwell family and collective gifts to sup- support to the school.
your support in Action
9
• Thanks to both your current flow-through helped attract top freshmen and sopho- salary and research support. With our
support and past endowment support, mores into our program, helped meet faculty being paid on average 9.2 percent
we were able to award 63 undergraduate the needs of those with financial hard- below peers at other universities, salary
scholarships totaling $126,000 for the ships and rewarded the hard work of our supplements provided by your endow-
2009-10 school year. These scholarships upperclassmen. ment support help increase our ability to
attract and retain outstanding, student-
• Accountancy endowments provided ap-
focused faculty members.
“Unrestricted funds give us proximately $160,000 in faculty salary
the flexibility to prioritize support for the 2009-10 school year and • In fiscal year 2009, $944,859 of the total
approximately $50,000 in 2009 summer $1,222,729 received was designated to
needs, helping ensure we are
our endowments. Based on our current
able to meet current How Your Unrestricted Giving Helps
endowment spending policy, this fund-
expenses and take the steps
ing will provide approximately $47,000
we believe necessary to in support annually to the school in per-
FY 09 Use of Unrestricted Gifts
advance the school of Note that current year expenditures exceeded petuity, building on a foundation of sup-
Accountancy. i appreciate the current year gifts by approximately $12,700. port that will help ensure we are able to
These expenditures were covered by prior year reserves.
sustain the long-standing tradition of ex-
confidence you have in the
cellence in accounting education at Ole
work we are doing and can’t 4%6% Scholarships
19% Miss for generations to come.
Faculty Development and Recognition
stress enough how valuable
Promotion/Recruitment/Stewardship
your annual involvement, at 18% Alumni Events
Travel
whatever level that may be, is 11% 18% Publications
Office Supplies
to our program.” 6% Miscellaneous
18%
— MArK WiLDer, DeAn
A C C O U N T A N C Y d o n o r s
The Patterson School of Accountancy thanks our friends and donors who supported us with their generosity.
JAnUAry 1–DeceMBer 31, 2009
pAtron ($25,000+) James A. Grimes Jon Gaston Peder R. Johnson
Pamela B. and Hugh J. Boone Shelly N. and H. Thomas Hayden Jr. Kimberly A. and T. Lee Gibson James Ryan Jones
Sheryl L. and Roland O. Burns Jr. Sophy J. Chung and Lionel Henderson Jr. Jennifer B. and W. Brian Hicks Lesley A. Jones
KPMG Foundation Evelyn M. and D. Kirk Hines Jeffery W. Horner Melinda A. and James A. Koerber
Barbara N. and Edward A. Krei Kathryn S. and Charles E. Hodges Selby A. Ireland Ronald W. Lott
J. Daniel Holliday II Donna B. and Quinon R. Ivy Gina B. and John A. Lotz
BeneFActor ($10,000- Carson M. Hughes Mary John G. and W. Blair Johnson Carol Anne Marion
$24,999) William F. Kimble Derek W. Knepple Stuart M. Maxey
Susan and Larry H. Bryan Lefoldt & Co. P.A. KPMG LLP Elizabeth T. and Ronnie G. Michaels
Virginia G. and Charles C. Clark Dan K. Lomax James A. Lesemann Jr. Beverly Y. Milam
Deloitte & Touche Foundation Dewitt M. Lovelace Sr. Kristen S. and Nathaniel G. MacAdams Orlando A. Morales
Edward A. Demiller Jr. A. Sonny MacArthur Mayo Mallette PLLC Anita N. and Steven F. Nail
Ernst & Young Foundation Nancy P. and Nick A. Mavar Jr. Terri T. and Burwell B. McClendon Marie H. Newton
Dixon Hughes, PLLC Susan M. and W. Tad Mays Jr. W. Michael McDonald Sr. Helen and Mike Overstreet
Horne, LLP Michele N. and Bryan C. McDonald Amy A. and John M. McMahon Jessica A. Querin
Tonya K. and Dale L. Flesher Eileen M. McGinley Joseph Melton Jr. Jessica S. and Kenneth C. Rakow Jr.
Peggy C. and Keith McKey Ellen D. and David L. Miller Renita A. and Mark Q. Partin Alicia G. Reynolds
Emma B. and James H. Moore Jr. Porter Keadle Moore, LLP Paula H. and Steven G. Robbins
execUtive ($5,000-$9,999) Peggy H. and Norman E. Moore Jr. Jeremy W. Powell Albert A. Sanderson
Thomas W. Avent Jr. Jonathan P. Moorehead Regions Bank J. Dustin Schultz
Martha and Louis J. Blanchard Murphy Oil USA, Inc. Reynolds Bone & Griesbeck CPAs Michael G. Schumacher
James W. Davis Jane Kerr G. and Robert B. Nance III William R. Rhodes Mary Scott R. & Thomas B. Shepherd III
Joe D. Havens Jr. Pearce, Bevill, Leesburg, Moore Allyson F. and Terry A. Robertson Lee Michael Tabor
C. Matthew Lusco Gayle S. and James E. Poole Jr. Pamela K. Roy Corby Townsend
David G. Miller Lee W. Randall B. K. Ruth Gibson Turley III
Mary W. and Lucian S. Minor William A. Ray Amy M. and Jason T. Shackelford Timothy L. Walsh
PricewaterhouseCoopers Foundation Jerri R. and Ralph G. Ross Andrew D. Sharp Thomas Z. Webb
Mark L. Rexroat Sanderson Farms Patricia H. and John B. Sneed II Cynthia P. Wells
Charles R. Walker Eric M. Saul Angela C. and Jeffrey B. Strouse Oliver Williams
Susan K. and Wendell W. Weakley Benjamin R. Silliman Martha and W. Terrell Stubbs Sherry J. and Ronald T. Wilson
Nancy and Kit Williams Katherine and Arvil R. Stanford Carrie and William G. Tapp
State Farm Companies Foundation Bettina D. and Ronnie L. Thomas pArtner ($100-$249)
ADvocAte ($2,500-$4,999) Cynthia A. and Morris H. Stocks Joseph W. Thomson III Dorine A. Adams
Becker Professional Review Martha and James T. Thomas IV William D. Trahan Jeffrey D. Aldridge
Leo Boolos Jr. Jan P. and N. Gordon Thompson Sr. Terry F. Traylor Beth S. and William S. Amos
Tricia R. and Timothy R. Cantrell Laurie and David M. Walker Richard C. Turner III Eileen and Nicholas J. Angelozzi Jr.
Leigh Anne and James O. Carpenter Ann and Joe C. Weller Jon L. Watson Alva L. and Robert A. Bailey
10 Reatha H. Clark Denise E. and W. Mark Wilder Charles Almon Webb IV Jackie P. and Richard Bailey
Karen J. and Rick Elam Jo L. and A. Tommy Williams Leigh Ann H. and Jeffrey R. Wills Kay L. Bates
Entergy Corporation Kay S. Williams Vickie M. Cook and Michael W. Wright Daniel D. Bennett
ExxonMobil Foundation L. Tyler Williams Johnathan Zoeller Nell K. and Daniel R. Bieger
Susie and Roger P. Friou Hansell N. York III C. Jack Blackburn Jr.
Edith Kelly-Green and Alfred D. Green senior pArtner ($250-$499) Karen A. and David B. Blackburn
Larry J. Hardy steWArD ($500-$999) John C. Adrain Francine H. and Ira Blackmon
Melissa M. and Donald D. Jones Elizabeth L. Alderson Charlotte and Felix E. Amenkhienan Marianne Bradford
Susan Pierce Robert H. Alexander Jr. Scott A. Barnhart Jamie M. and N. Craig Brewer III
Brian K. Roberson Jesse R. Alford Patricia D. and John B. Barrack Nancy H. and Cecil C. Brown Jr.
Thompson Dunavant PLC Cynthia Amisano Brown Barrett C. Bowerman Lisa W. and Jesse R. Browning
Pamela M. and Jon C. Turner BDO Seidman LLP Brian M. Chopin Donna Bruce
Betty S. and Jesse B. Tutor Jr. BancorpSouth Foundation James R. Clinton IV Dennis Bullard
Donna D. Wade Monica T. and Raymond L. Bergin Jr. Kathryn C. and William D. Coleman Debora S. and James R. Bunting Jr.
Leslie J. and Joel K. Bobo Gail T. and James C. Collins Sara L. Burney
AssociAte ($1,000-$2,499) Patricia L. and Charles W. Boland James R. Crockett Tim Burns
Melissa and Ronald G. Applewhite John Borchert Debra C. Cunningham Caterpillar Foundation
BKD, LLP Dorothy L. and Rees T. Bowen III Douglas E. Daniels William B. Cherry
Ginny S. and Irvin L. Breckenridge III Nadia T. Cavner Laura Y. and Buddy Dearman Sallye C. Chow
Julie S. and Charles W. Caldwell Jr. Crowe Horwath, LLP H. M. Deneka Harriet Claunch
Thomas L. Callicutt Jr. Walter K. Davis Lashlee Dorman Anne J. Cofer
Kristin W. and Michael A. Carraway Betty T. and F. Javier DeRossette Kathy H. Eure Sandra P. Comeaux
Kathryn M. and Charles E. Cauthen Jr. Decosimo Denise H. and Vincent W. Farrington Timothy M. Cooper
J. Truman Channell Michael P. Edwards J. Kavin Finley Earmel R. Cotten
Anne M. and Robert A. Cunningham Entergy Corporation Billie R. and Rudolph F. Franks Leslie B. and David L. Cuicchi
Norma E. and Wallace E. Davenport Ernst & Young LLP Jerry Goolsby Charles M. Cummings
Deloitte Services LP Keith N. File Shelley S. and Patrick C. Gough Andrea C. and Joseph P. Davis
Taylor G. Eady Jr. First Horizon Mary H. and T. Kenneth Griffis Lance M. Davis
Samuel A. Flint Molli A. Flynt Charles S. Groshon Pamela H. and Charles L. Davis Jr.
Mollie M. and Jacob M. Fried Jr. Brian M. Folk Laurie S. and Anthony E. Hale Sweta S. Desai
Deborah G. and Larry T. Gentry Mandy M. and Michael L. Gagliardi G. Anne Hamilton Robert W. Dowdy
Charlene W. and Randy L. Graves Deborah T. and W. Scott Galloway Glyn W. Hanbery Roderick V. Draper
Mary Ann W. and William G. Griesbeck Meredith Green Gamble Jennifer A. Hufford William C. Drummond Jr.
Mary Howell M. and Jay Gann Janis C. and Thomas J. Hyde Peggy and Wallace L. Duke Jr.