Carl H. Lindner College of BusinessCarl H. Lindner College of BusinessUniversity of Cincinnati

Carl H. Lindner College of Business

PricewaterhouseCoopers xTax Competition Returns to UC

Submitted: 11/12/2009 16:27:10
  • Seven undergraduate teams from the College of Business competed for the opportunity to advance to the national level.

For the third year in a row, PricewaterhouseCoopers (PwC) held their national xTax competition at the University of Cincinnati. This annual competition takes place at approximately 35 campuses across the country and involves thousands of accounting and business students who participate in a team-based case study analysis and presentation. Each team, guided by a faculty mentor and a professional mentor from PwC, spends two weeks developing a solution to a hypothetical tax policy. Team members then highlight their recommendations before a panel of experts in a 12-minute presentation. Competition was fierce among the seven five-member teams from UC, whose presentations were judged by a panel of experts from PwC on Friday, October 30.

The winning team, "Make it Reign," included sophomores Janelle Wichmann and Kyle Quinn, accounting majors Sarah Stenger and Max Schneider and marketing major Robel Kidane, all of whom are Carl H. Lindner Honors-PLUS Scholars. In a clearly-defined and confident presentation, the group outlined tax code revisions for healthcare-related initiatives. PwC judges remarked that the members of "Make it Reign" had obviously all worked together as a team to not only prepare a great presentation, but to deliver it professionally and with great confidence. The team won $1,000 and the chance to compete against other winning teams at the national level. The top five teams nationally will earn an all-expenses-paid trip to Washington DC in January 2010 to compete at PwC's office for $10,000.

"We are excited that PwC gives our students the opportunity to participate in xTax," says Dr. Margaret Reed, UC accounting faculty member and campus coordinator for the competition. "This is a signal about how much they value our students as future employees. Every student who participates is a winner, because they experience the teamwork and hard work that go into developing this type of proposal and presentation.