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The Producers
team wins xAct Competition!
From left to right bottom row: Amy Kraft, Stasi
Bernard, Blaise DeRouen, Sanaz Aghazadeh, and
Carol Calkins. Top row: Colton Fontenot, Bonnie
Dye, and Dr. Barbara Apostolou.
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Some
unscrupulous accounting practices have come to light
in the fictional land of Panadrevia, a place where
peace and beauty become one. Investor confidence
has plummeted and the economy is in crisis. Queen
Andora and the Panadrevian Council must turn to
accounting consultants to strengthen the country’s
financial disclosure laws and restore prosperity.
Welcome to xTreme Accounting (xAct),
a national competition sponsored by PricewaterhouseCoopers
(PwC). xAct teams are assigned a high-level accounting
and assurance problem, such as the crisis in Panadrevia,
and have two weeks to research and develop a solution
that satisfies the practical concerns of multiple
stakeholders. Students at LSU’s Ourso College
of Business Administration participated in xAct
for the first time in 2003.
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