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Date of Event: 02/09/2010 at 01:00 AM

Business Students Get Real-World Accounting Experience

 

Accounting students and SGA officers
Under the direction of  Assistant Professor of Economics Dr. John Yelvington (far left), a select group of accounting students are getting practical experience in the accounting world without ever leaving the College campus. The students are performing an "audit" of the internal controls of the College's Student Government Association's (SGA) cash flow. Student auditors and SGA members include (from left): Shana Garrett, a sophomore from Dahlonega, Ga. and SGA treasurer; Christopher Williams, a senior from Loganville, Ga. and SGA president; Katie Glowka, a senior from Waleska, Ga. and student auditor; Lisa Nevis, a senior from Woodstock, Ga. and lead student auditor; Travis McKee, a junior from Woodstock, Ga. and student auditor; and Brielle Chinn, a senior from Stone Mountain, Ga. and SGA secretary.

Students are having "accountable" experiences at Reinhardt College. Under the direction of  Assistant Professor of Economics Dr. John Yelvington, a select group of accounting students are getting practical experience in the accounting world without ever leaving the College campus. The students are performing an "audit" of the internal controls of the College's Student Government Association's (SGA) cash flow.

A Win-Win Project
"This ‘audit' is a win-win for both parties," said Yelvington. "Reinhardt's accounting students get to apply the principles and practices they've learned in class, and Dr. Walter May's [assistant dean of students and director of student activities] SGA organization gets their system documented including improvement recommendations. The system documentation can also help him with training as the deliverable lays out responsibilities of everyone in the organization; therefore, he will now have a concrete training package to help him cope with expected annual turnover." 

Auditing Process
The accounting students initially met with officials from SGA to discuss the scope of the audit and a broad schedule dedicated to certain tasks. The group is currently formally documenting the existing system. The documentation includes not only the flow of and controls on cash but also writing job descriptions for each person involved in the flow of SGA cash.

After verifying their understanding of SGA's processes, the students will begin analyzing cash controls and re-documenting the new system to include their recommendations. With the documentation all in place, this deliverable can then be used by SGA to train new persons to the process. The final step for the accounting students will be to make a formal presentation, which will be sometime in mid-April, of their final recommendations to SGA.

Skills and Knowledge for the Workplace
"I found this opportunity on campus for our accounting students to get hands-on experience, all while benefiting the College in its operations," Yelvington said. "I sincerely appreciate Dr. May's willingness to give our students such a unique project that gives them skills and knowledge they can use in the workplace."

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