For Fifth Consecutive Year, Students Take First in Regional Tax Competition
A team of accounting students from St. John Fisher College School of Business will have the opportunity to defend their title as national champions of the Deloitte FanTAXtic case competition, after earning a first place finish at a regional competition, held Nov. 12-13 in Boston, Massachusetts.
Each year, Deloitte invites nearly 100 schools to participate in their case study competition, which encourages students to use their growing knowledge and skills to solve real-world, issues-based business tax scenarios. One first place team from each region then advances to the national competition, with a total of nine teams heading to the final round.
Matthew Colicchia, Nicholas Christiano, Jessica Bolak, Amaris Rodriguez (Honors student), and Jacob Covert (Honors student) are members of the Fisher team who earned the bid to Dallas, Texas, for the national competition in January 2017. This is the fifth consecutive year that Fisher students have won the regional competition; and last year, a team of students placed first in Boston, then went on to win the national championship in January 2016. The cumulative success of Fisher students over the last five years has resulted in more than $25,000 in awards for the accounting program.
The other St. John Fisher College team competing including Tyler Carroll, Jenn Crater (Honors student), McKayla Johnson (Honors student), Allison Smith, and Bryce Dinehart. This team was a runner-up in Boston and played a significant role in the success of St. John Fisher College.
This year’s team competed against students from Bentley University, New York University, Northeastern University, and Rutgers University, and received $2,500 in award winnings that will benefit accounting scholarships at the College.
"This competition is considered very prestigious in the industry and the team’s success is a testimony to the students' personal excellence and a tribute to all those who helped them prepare. We couldn’t be more proud," said Dr. Marcia O'Brien, associate professor and chair, accounting and finance.
During the competition, participants engaged in simulation exercises, role-played with Deloitte tax professionals, and made a presentation to a panel of live and “virtual” judges. With the help of Fisher faculty members Kristi Jeffres (a former participant of the FanTAXtic competition) and Lynn Mucenski-Keck, Fisher’s team began preparing for competition more than a month ago, improving their presentation styles, analyzing nearly 100 pages of information provided by Deloitte, and preparing responses to the questions they would receive from the judges.
The national competition will be held at Deloitte University, a state-of-the-art learning and leadership development center. The team will compete for over $50,000 in individual scholarships and institutional awards against teams from Boston College, University of Iowa, Marquette University, University of North Carolina at Charlotte, The Ohio State University, University of Southern California, University of Texas at Austin, and College of William and Mary.