Spring Break
Oregon State crunches numbers in eighth annual xTAX Competition
Competition part of xTREME games, challenges students in real tax, accounting scenarios
Katrina Lorengel
Issue date: 11/3/09 Section: News
By Katrina Lorengel
The Daily Barometer
OSU students competed in the eighth annual xTAX Competition on Oct. 15, which is part of the xTREME Games event hosted by PricewaterhouseCoopers, one of the nation's largest employers of college graduates who are focused on tax and accounting careers.
The xTREME Games are accounting campus competitions hosted by PwC, a large, international consulting firm. According to the website, PwC's goal is to bring experience and talent to help educational institutions, the federal government, non-profits and international relief agencies to address their unique business issues.
The competition is broken up into two segments: xTAX, short for "Extreme Tax," and xACT, short for "Extreme Accounting." Both competitions are designed to challenge students in real tax and accounting scenarios.
The xTREME Games competition includes more than 2,500 teams, 13,000 participants and 85 schools. According to Mandy Wilson, the PwC OSU recruiter for the competition, eight teams from OSU participated. The competition started on Oct. 15, and the teams presented their cases to a panel of judges on Oct. 29.
The faculty mentor for OSU was Jared Moore, an accounting professor. According to Moore, less than 30 schools participated this year.
"It is an honor for (OSU) to be included." Moore said. "This is our second year to be involved."
Each team is made up of five students working together to solve a real-world business issue in two weeks. The average time it takes to complete the case is 10-15 hours. The winning team at each campus will receive $1,000 and be considered for the national finals.
Each group must have designated class levels. There must be two sophomores who are enrolled in their first accounting course or are accounting majors or minors, a student who is a junior and an accounting major, and there must be a student of any class level who is enrolled in their first accounting course or an accounting major or minor. The last member can be any level and does not have to be an accounting major. However, they must be studying a similar field.
The Daily Barometer
OSU students competed in the eighth annual xTAX Competition on Oct. 15, which is part of the xTREME Games event hosted by PricewaterhouseCoopers, one of the nation's largest employers of college graduates who are focused on tax and accounting careers.
The xTREME Games are accounting campus competitions hosted by PwC, a large, international consulting firm. According to the website, PwC's goal is to bring experience and talent to help educational institutions, the federal government, non-profits and international relief agencies to address their unique business issues.
The competition is broken up into two segments: xTAX, short for "Extreme Tax," and xACT, short for "Extreme Accounting." Both competitions are designed to challenge students in real tax and accounting scenarios.
The xTREME Games competition includes more than 2,500 teams, 13,000 participants and 85 schools. According to Mandy Wilson, the PwC OSU recruiter for the competition, eight teams from OSU participated. The competition started on Oct. 15, and the teams presented their cases to a panel of judges on Oct. 29.
The faculty mentor for OSU was Jared Moore, an accounting professor. According to Moore, less than 30 schools participated this year.
"It is an honor for (OSU) to be included." Moore said. "This is our second year to be involved."
Each team is made up of five students working together to solve a real-world business issue in two weeks. The average time it takes to complete the case is 10-15 hours. The winning team at each campus will receive $1,000 and be considered for the national finals.
Each group must have designated class levels. There must be two sophomores who are enrolled in their first accounting course or are accounting majors or minors, a student who is a junior and an accounting major, and there must be a student of any class level who is enrolled in their first accounting course or an accounting major or minor. The last member can be any level and does not have to be an accounting major. However, they must be studying a similar field.
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