Texas State team wins IMA Case Competition National Championship!
Congratulations to Amanda Craig, Addison LePere, Caitlynn Grimes, and Hannah Torres!
Four Accounting majors representing Texas State have been named national champions after winning the Final Four competition in the IMA Student Case Competition. Team members Amanda Craig (BBA ’19 and MAcy ’21), Addison LaPere (BBA ’19 and MAcy ’21); Caitlynn Grimes (BBA ’20 and MAcy ’21); and Hannah Torres (BBA ’20) represented the first university from the state of Texas to win the competition.
Teams are presented with a hypothetical case study, which requires them to perform research, develop a proposed solution and then produce a video documenting the analysis process and the team’s case solution. Videos from teams across the U.S. undergo a round of review by accounting and financial professionals and academics. From this the Elite Eight are chosen for a second round or reviews. The “Final Four” teams are then selected. Usually, these four teams make a live presentation before a panel of judges and IMA members attending the Annual IMA Conference. Due to COVID-19, this year’s conference was cancelled and the process was modified such that the judges who would have been in Atlanta for the presentations judged the team videos instead. The following teams in the “Final Four” represented stiff competition: University of Nevada-Las Vegas (winners in 2017, 2018 & 2019), Valdosta State University, and University of Rhode Island.
Team members volunteered for this event and spent their winter break preparing their submission. All four students had similar observations about the benefits of being on the IMA team, noting it helped them develop their skills as a team player and gave them experience in a real-world scenario. They also expressed how much they enjoyed working with and learning from each other and further developing skills that will help them succeed in the workplace.
This year’s winning team was preceded by the 2018 and 2019 Texas State teams who each earned a place among the “Final Four” and who set the standard for exceptional performance. Special recognition and thanks go to Dr. Randall Young who gave team members a condensed training session on COSO which was a focus of this year’s case and to Chris Stampley who edited the video. Special thanks also to faculty advisor for the IMA Case Competition teams, Dr. Carolyn Conn.