O l e M i s s 0 1 0 2 A ccountAnt g n i r p s News from the Patterson School of Accountancy at The University of Mississippi www.olemiss.edu/depts/accountancy Deloitte Foundation gift inside: strengthens faculty 2 Message from the Dean By Tina Hahn 3 Junior studies abroad in Paris Morris Stocks (left), provost; Debbie Vaughn, senior executive director of development; Barry Atkins, Deloitte partner; Carol Anne Marion, associate director of development for accountancy; Mark Wilder, dean; and Wen- dell Weakley, president and CEO of The University of Mississippi Foundation. A ccountancy professionals from Guy Moore Deloitte LLP have joined with (BBA 72) of Wilton, the Deloitte Foundation to com- Conn., another De- mit $250,000 to enhancing faculty loitte partner, said, support at the Patterson School “As UM alumni, of Accountancy. we are focused on The gift to the nationally recognized ac- providing meaning- 4 countancy school creates the Deloitte Founda- ful contributions Ph.D. prepares grads tion Lectureship in Accountancy, which will to the university for careers in academia provide resources for research and creative to ensure that it support for faculty members, as well as salary continues to pro- 5 UM selected to digitize Guy Moore supplements. duce talented and firm’s history Barry Atkins (BAccy 87) of Memphis, a well-prepared graduates. Deloitte has a deep Deloitte partner, said that directing the gift commitment to the accountancy profession, 7 School’s programs toward faculty support reflects recognition of and the profession is strengthened by quality ranked in nation’s top 20 the professors’ role in their students’ career graduates who are our future.” preparation. More than 100 of the university’s alumni 8 “Faculty members serve as the founda- currently pursue careers with Deloitte, which New endowment tion of a successful program,” Atkins said. provides audit, consulting, financial advisory, honors mentors “The fact that the accountancy programs are risk management and tax services to clients. nationally ranked is a tribute to the professors. Internships at the organization offer UM stu- The Patterson School of Accountancy produc- dents invaluable real-world experiences, and es some of the best and brightest young pro- Deloitte professionals also provide leadership Ole Miss Accountant is published fessionals. The professors do an excellent job through service on the Patterson School’s Ad- biannually by the School of preparing them for the profession, for their visory Council. Accountancy. careers and for life in general. We want to en- “Many Deloitte partners and profession- sure the foundation provided by the faculty als, alumni and non-alumni, have committed Comments or suggestions? remains solid.” themselves not only to our extensive recruit- Call 662-915-7623 continued on Page 3 F r o m t h e d e a n n a d or J ert b o R Dear Accountancy Alumni and Friends: y b o The spring semester is in full swing and all is well at the Patterson School of Ac- ot h countancy. Founded in 1979, we have now been a separate school for 30 years. P We are proud of what the Patterson School has been able to accomplish, thanks to high-achieving students, dedicated and supportive alumni, and a teaching-oriented faculty who have maintained the steadfast commitment to excellence in the class- room that has been the hallmark of the Ole Miss accountancy program for decades. Kevin Parrish, Rachel Epps, David Hillman The Patterson School continues to generate visibility for The University of Mis- and Samantha Guthrie are four of this year’s sissippi nationally. For five consecutive years, the Ole Miss accountancy program Phi Kappa Phi award winners. has been nationally ranked. The 2009-10 rankings were recently released, and both our undergraduate and graduate programs were once again ranked among the top phi Kappa phi 20 in the nation (our undergraduate program at No. 19 and our graduate program Fall 2009 Honorees at No. 18). We are No. 3 in the highly competitive SEC behind only the University of Georgia and University of Florida. In addition to the above rankings, Ole Miss is ranked No. 1 in the SEC and No. 3 nationally in doctoral-degree output over the Carla Maureen Alexander 1988-2009 time period. This ranking is a testament to the productivity of our faculty Weston Ray Bert and doctoral students and of our program’s contribution to the advancement of ac- Caitlin McCullough Cassidy countancy research and education. Christopher Drew Edwards I am pleased to report that our official enrollment for 2009-10 reached an all-time Rachel Elaine Epps high of 763 students. This total includes 639 in our undergraduate program and 124 Cynthia Ann Fry graduate students, both of which are record numbers. Programmatic additions to Samantha Lynn Guthrie the school continue to enhance student educational experiences. In spring 2009, we Byron David Hillman offered our master’s students a CPA review course for credit. Reported results show Kevin Edward Parrish an almost 90 percent pass rate on individual sections for participants. The national Jerald Martin Paschke average was approximately 49 percent. Our formal internship program is now in its seventh year, and we have 54 students interning in spring 2010 throughout the Southeast and nation. Our program now offers students the opportunity to earn a bachelor’s and mas- Who’s Who Honorees ter’s degree within five years, experience a meaningful internship and be thoroughly 2 prepared for the CPA exam. We are proud of the opportunities we are able to provide Tommy Vincent Chamblee students, and we remain deeply grateful for the role our alumni and friends have Mary Glenn Christopher played in enabling our success. You help us recruit top students, you provide career Phillip Wrather DeBardeleben opportunities for our graduates, and you ensure we have the funding in place to meet Jessica Glynn Fort our needs and to achieve excellence. Charles Robert Gautier We consider it a true privilege to serve you and our students. Accountancy sup- Courtnie Lea Ghinaudo porters have been the standard setters at Ole Miss for decades, and we ask you to Samantha Lynn Guthrie continue this commitment to excellence. We appreciate so much your past support Blair Karisa Harden of our efforts in the Patterson School and trust that you will remain committed to Robyn Leigh Hornsby these efforts. Caitlin Brooke Huffines John Samuel Holt Irving Sincerely, Margaret Grace Joyner John Preston Klinke Whitney Massey Zachary O’Neal Moore Dennis Pickens W. Mark Wilder Antonia Louise Pittari Dean and KPMG Professor Adam Carr Ruff Igor Shkilko Christine Marie Sims April Quezette Smith Katherine Nichols Sneed Stephanie Joy Stewart Elizabeth Lea Thomas Lee Hubert Thompson Lauren Elizabeth Williams Graham Bouchillon Wise Accountancy major spends semester in paris By Elaine Pugh Since arriving in Paris in early Jan- “As for the school, there are 2,000 enrolled, uary to spend the spring semes- including 90 exchange students. I am the ter studying at the International only American, and there’s one boy from School of Commerce, Libby Para- Canada. I have made good friends from all doski has encountered only two over Europe, including Denmark, Lithu- glitches: overcoming a brief bout of home- ania, Latvia, Germany and Holland.” sickness and learning to get around on the She also worked a paid internship local metro and bus system. through March with the head of the ISC A junior accountancy major from Web- English department. phi Kappa phi ster Groves, Mo., Paradoski is enrolled “I basically coached students and in junior- and senior-level management teachers in English and helped students Fall 2009 Honorees courses equivalent to 14 Ole Miss academ- prepare for interviews and write American- ic hours. style resumes and cover letters,” she said. Carla Maureen Alexander She will receive credit toward her UM Classes are not scheduled on Thurs- Weston Ray Bert degree, thanks to an exchange agreement days and Fridays so Paradoski enjoys trav- Caitlin McCullough Cassidy between UM and ISC-Paris managed by eling on long weekends. She has visited Christopher Drew Edwards UM’s Study Abroad Office. While some Amsterdam and plans to see the Provence Rachel Elaine Epps ISC classes are taught in French, hers are region of France, as well as London and Cynthia Ann Fry taught in English. Dublin. She expects her brother to join her Samantha Lynn Guthrie “The classes are set up differently when her classes end May 12. They plan to Byron David Hillman here,” she said. “There is hardly any home- travel throughout France and Italy, then fly Kevin Edward Parrish work given, and around 50-70 percent of from Italy to Cairo, Egypt, for more sight- Jerald Martin Paschke the final grade is based on the final exam, seeing before heading home June 4. which is a presentation in some cases. They Describing her study abroad as a love presentations and case studies here. I “once-in-a-lifetime experience,” Paradoski have them for every class, but I am enjoy- said that, besides her experience at ISC and Who’s Who Honorees ing working in groups with students from learning about other cultures, she is also all over the world.” gaining independence and self-confidence. Paradoski, who plans to complete “I have to learn to manage my time 3 Tommy Vincent Chamblee UM’s five-year accountancy program in wisely between schoolwork and travel- Mary Glenn Christopher May 2012 and take the CPA exam, said she ing,” she said. “I believe this will enhance Phillip Wrather DeBardeleben has experienced minimal culture shock. my overall college education because I Jessica Glynn Fort “After taking French for four years in will continue to use what I am learning Libby Paradoski is spending this semester Charles Robert Gautier high school, I have found it quite easy to here.” studying management in Paris. Courtnie Lea Ghinaudo get around and talk to people,” she said. Samantha Lynn Guthrie Blair Karisa Harden Robyn Leigh Hornsby Caitlin Brooke Huffines ph.D. continued from page 1 John Samuel Holt Irving ing efforts that occur throughout the year he said. “This generous gift provides criti- on their students is one reason this gift is Margaret Grace Joyner but also monetarily to the Deloitte Foun- cal resources for faculty support and helps directed for faculty support. I received so John Preston Klinke dation Lectureship,” Atkins said. “Having ensure our ability to offer competitive sala- much from the university as far as academ- Whitney Massey recruited at a number of universities, we ries to attract and retain professors of the ics, career preparation, life lessons and Zachary O’Neal Moore can say that the commitment of UM pro- highest quality. friendships. It is easy to remain committed Dennis Pickens fessors is what distinguishes the talent at “We are honored to have the Deloitte to a university where you’ve gained those Antonia Louise Pittari Ole Miss from other schools. Graduates name on a permanent endowment at Ole benefits.” Adam Carr Ruff are prepared academically, professionally Miss, and we greatly value our long-stand- Atkins concurred. Igor Shkilko and socially.” ing partnership with the organization.” “When I was a freshman, I didn’t know Christine Marie Sims Mark Wilder, dean of the Patterson Moore recalled the day in 1982 when what path I wanted to take. Accounting be- April Quezette Smith School, expressed his appreciation for the he was admitted as a partner in Deloitte—a came the choice because of my affinity for Katherine Nichols Sneed support. meaningful benchmark in his career. math and analytical thinking. Many profes- Stephanie Joy Stewart “We are profoundly grateful for this “Among the first few people I called sors invested a lot of time in my college Elizabeth Lea Thomas tremendous investment by our UM ac- was (the now late) Professor Gene Peery career to ensure I was successful, from Dr. Lee Hubert Thompson countancy alumni with Deloitte and by the at Ole Miss,” he said. “He set me and Finley Graves and Dr. Russell Briner, to Dr. Lauren Elizabeth Williams Deloitte Foundation to enhance the work many others on a path to career success. Jimmy Davis.” Graham Bouchillon Wise of the Patterson School of Accountancy,” The positive impact professors can have A C C O U N T A N C Y ph.D. prepares grads for careers in academia By Rebecca Lauck Cleary Graduates of The University of Miss among the faculty and students fit my P h Mississippi’s Ph.D. program personality, my goals and helped me to ex- oto in accountancy say their edu- cel in the program.” b y cation prepared them well for Shawn Mauldin turned his doctoral N a careers in higher education. degree from Ole Miss into a job as dean of th a n “Choosing to attend Ole Miss was the College of Business at Nicholls State L a easy; leaving was difficult,” said Lori Ep- University in Thibodaux, La. Mauldin said til ping, assistant professor of accounting at he decided on Ole Miss’s doctoral program the Beacom School of Business, University after meeting with professors who seemed of South Dakota. “It’s a great community, genuinely concerned about his future. a great university and a great school of ac- “Several of the professors had just com- countancy. The program is challenging and pleted their doctoral programs and could rewarding, preparing students to be com- relate to my questions and concerns,” said petitive with other academics. I had a very Mauldin, who earned his B.A. and M.B.A. positive experience during my time as a at Nicholls State. Ph.D. student, and I highly recommend the Additionally, he said the overall envi- accounting Ph.D. program at Ole Miss.” ronment of the program prepared him for Epping also said that UM offered tal- a career in higher education, and it was a ented, knowledgeable and supportive fac- great experience that changed his life. ulty members. She said that the program Mauldin credits the mentoring he re- gave her valuable research skills, and she ceived at Ole Miss as preparation for be- felt confident in her ability to succeed at coming dean. the University of South Dakota and never “As an administrator, you are indirectly felt unprepared to carry out her responsi- involved with the students. However, ad- bilities during her first year there. ministrators can have a significant impact Annette Pridgen’s doctoral degree led to a teach- ing career at Ole Miss. Another graduate of the Ph.D. pro- on the direction and academic quality of gram, Annette Pridgen, is now assistant the business school. Personally, I have grams in accountancy. professor of accountancy at UM. She took received more satisfaction from being an At the Patterson School, the Ph.D. in a position here after earning bachelor’s and administrator than a professor,” he said. accountancy course schedule differs de- 4 master’s degrees in accounting from Jack- Over the past 20 years, UM has gradu- pending upon the background and needs son State University and working in the ated 66 Ph.D. in accountancy students, of each student. The minimum course re- state auditor’s office in Jackson for more placing it third in the country in number quirements include 25 hours in accountan- than 13 years. She said her experience in of Ph.D. degrees in accountancy granted, cy, 12 hours in a minor field and 15 hours the program was positive. said Dale Flesher, associate dean for the in research. At least 25 hours must be in “When I started the doctoral program Patterson School of Accountancy. Texas 600-level accountancy courses, including at Ole Miss with three other candidates, we A&M ranks first with 79 graduates, and seminars in contemporary accounting the- immediately bonded,” Pridgen said. “We the University of Texas ranks second with ory, auditing and accounting information took a lot of the same classes and studied 73 graduates within the last 20 years. About systems research, and financial accounting together. The collegial atmosphere at Ole 80 American universities have doctoral pro- and capital market-based research. AArp tax help University of Mississippi accountancy graduate student Will McQuiston and AARP volunteer Jose Velez assist Bobby Ingram with his income taxes at the Stone Center in Oxford in early February. UM selected to digitize accounting firm’s history By Elaine Pugh Digitizing and storing valuable information for future genera- tions is a high priority for De- loitte LLP, one of the largest professional-service organiza- tions in the world and one of the Big Four public accounting firms. As a result, The University of Missis- sippi John D. Williams Library was selected to receive a $155,000 grant from the Delo- itte Foundation to digitize materials from 1895 through 1983. A major consideration for landing this project is the library of the American In- stitute of Certified Public Accountants (AICPA), acquired by the UM Library in 2001, which has become the largest ac- counting collection in the world. “Because of this premier collection, we have materials no one else has,” said Dale Flesher, associate dean of the Patter- son School of Accountancy, who for many years has been a liaison with the AICPA and played a major role in bringing the collec- tion to UM. “Even Deloitte does not have many of the publications in our library, and they were the publishers.” 5 “We wish to team up Deloitte-referenced materials in the with firms and AICPA Collection also will be included in the digitization project, such as sponsored societies in making conferences promoting theoretical work in these materials widely accounting and highlights of partners in the firms who have chaired AICPA committees available to scholars.” that have shaped accounting standards. Ole Miss has had a long relationship — royce KUrtz with Deloitte and its predecessor organiza- tions as many UM accountancy graduates have had rewarding careers with the firm, The materials highlight the history of and several graduates are currently firm the now-global company and its predeces- partners, Flesher said. sor firms Haskins and Sells, Touche Ross Upon completion of the digitization and many others. In all, more than 30,000 project, plans call for making the informa- pages of material will be scanned and post- tion available worldwide via both the Ole ed on the UM Web site. It will include the Miss and Deloitte Web sites. journals Haskins and Sells Bulletin 1918- “We wish to team up with firms and 1932; H & S Reports, 1963-1983; The Quar- societies in making these materials widely terly (Touche, Ross, Bailey & Smart) 1955- available to scholars,” said Royce Kurtz, 1967; and Tempo (Touche Ross) 1968-1983, AICPA Collection reference librarian. “Our as well as company histories, biographies partnership with Deloitte will hopefully be of famous partners, and books on account- one of many that will bring the history of ing and tax guidance for practitioners and the accounting profession to a worldwide The J.D. Williams Library houses the AICPA industries. audience.” collection. A C C O U N T A N C Y spring 2010 accountancy interns Name Company City State Susan Douglas Barcus Blue Cross and Blue Shield Jackson Miss. Tony Barkley Lane Furniture Tupelo Miss. Bret Blankenship BancorpSouth Olive Branch Miss. Corina Bonilla KPMG Orlando Fla. David Burkhead Borg Warner Water Valley Miss. Mary Glenn Christopher PWC Birmingham Ala. Megan Cook Evergreen Packaging Memphis Tenn. Betsy Davis PWC Dallas Texas Phillip Debardeleben Dixon Hughes Memphis Tenn. Robert Dunlap Horne Jackson Miss. Rachel Epps Thompson Dunavant Memphis Tenn. Kimberly Forrester H2A Complete Southaven Miss. Jessi Fort Lefoldt & Co. Jackson Miss. Will Geary KPMG Memphis Tenn. Matt Gray Tyson Springdale Ark. Samantha Guthrie Alexander Van Loon Sloan Levens Wiggins Miss. and Favre Dave Hale Thompson Wallace Olive Branch Miss. Patricia Hamilton Quick Tax Tupelo Miss. Todd Heinz PWC Dallas Texas Brooks Hieronymus Wilkins Miller Hieronymus Mobile Ala. David Hillman KPMG Atlanta Ga. Will Hodges PWC Dallas Texas Tre Holland Platinum Tax Abbeville Miss. Robyn Hornsby Deloitte Memphis Tenn. Caitlin Huffines Silas Simmons Natchez Miss. Holt Irving KPMG Dallas Texas Meg Joyner BKD Oxford Miss. Jackie Kulzer BDO Memphis Tenn. 6 Courtney LaBorde UM Accounting Oxford Miss. Wei-Ting Liao Locke Lord Bissell and Liddell Dallas Texas Erin Lotz KPMG Memphis Tenn. Po Lutken KPMG Nashville Tenn. Whitney Massey Deloitte Memphis Tenn. Tyler Moore Comstock Resources Frisco Texas Zachary Moore KPMG Atlanta Ga. Ryan Pellum Kemmons Wilson Inc. Memphis Tenn. Tonie Pittari KPMG Los Angeles Calif. Joseph Richardson Nesco Electrical Distributors Tupelo Miss. Patrick Richardson Borg Warner Water Valley Miss. Rebecca Rubick Memphis/Shelby County Memphis Tenn. Airport Authority Adam Ruff PWC Dallas Texas Christy Sims Deloitte Nashville Tenn. Katty Sneed KPMG Jackson Miss. Stephanie Stewart KPMG Jackson Miss. Elizabeth Thomas EY Memphis Tenn. Tammy Thomas Sims Metal Management New Albany Miss. Lee Thompson PWC Birmingham Ala. Thomas Threadgill Ducks Unlimited Memphis Tenn. Will Threadgill KPMG Memphis Tenn. Eliza Vaughn Kinney & Associates Oxford Miss. Natalie Watanabe PWC Atlanta Ga. Elizabeth Weiss Dixon Hughes Memphis Tenn. Lauren Williams PWC Atlanta Ga. Thomas Wilson Tyson Springdale Ark. Graham Wise PWC Dallas Texas ‘ole Miss-Becker’ cpA review course offered By Rachel Britton A ccountancy students at The with it and study just as we would for our failed. This is a pass rate of 89.8 percent University of Mississippi can other classes,” Blair said. “I think if we compared with the national average of ap- move ahead of their peers hadn’t received class credit, we wouldn’t proximately 50 percent on individual sec- when it comes job-hunting have taken it as seriously.” tions. About half of the 49 students passed time by taking the “Ole Miss- Most students who take the course all four parts of the CPA exam on the first Becker” Certified Public Accountant Re- are enrolled in the master’s program in ei- sitting. view as a credit course through the univer- ther taxation or accountancy. A total of 49 “I am pleased with the results but not sity’s Patterson School of Accountancy. really that surprised,” said Dean Mark P h Becker Professional Education offers o Wilder. “These students have already gone to preparation courses for the CPA exam and b through a rigorous accountancy program y other professional certification exams. N here at Ole Miss so they are primarily re- a Being able to take the exam while still in th viewing and synthesizing their knowledge a school is a huge benefit, several previous n with the course. Also, it is widely acknowl- L students said. a edged that the Becker materials are very til “It has definitely helped me with my good. Furthermore, offering the course career having the exam behind me,” said for credit with our faculty delivering the recent graduate Jeannie Blair, who works class motivates the students to be account- for Deloitte LLP in Nashville. “I am not able. The course is a tremendous amount worried about studying after work, as of work, and the students are to be com- many people are, and it was great to get mended for their efforts.” it out of the way while I was still in ‘study The benefits from this course can be mode’ in college.” immense, said Dave Nichols, UM associate Josh Norris, another alumnus of the professor of accountancy. “If students do program who works for Ernst & Young in what we ask them to do, they should be Memphis, agreed. able to have completed the CPA exam by “I couldn’t imagine going to work, Students are able to take certification exams the time they graduate.” then having to study after-hours,” Norris while still in school. Billy Rhodes oversees one Students who have taken this course of the sessions. said. agree that it offers great benefits, but fu- Though this is the third year the students participated in the course during ture students need to be prepared to work school has offered the CPA review course, spring 2009. There are four individual parts hard. 7 it is only the second year that students can of the CPA exam, and based on scores re- “It was a huge time commitment but receive academic credit for it, helping them ported by the students, the results were well worth it,” Norris said. “The combina- to focus on the course as much as they do outstanding. As of the end of last summer, tion of the Becker materials and insight on other accounting classes. 147 scores on individual sections had been from the accounting faculty is exactly what “We had motivation to really keep up reported: 132 students passed and only 15 students need to pass the exam.” Accountancy repeats top 20 national ranking Once again, a national ranking ranked anywhere in the top 25 is a major fact that UM has the greatest accountancy places UM’s undergraduate accomplishment. library in the world, as well as because of and graduate programs in “The rankings are based in part on the the research efforts of the faculty. “Thus, accountancy in the top 20 na- success of our graduates in becoming lead- in a sense, the rankings are an overall as- tionally (at No. 19 and No. 18, ers in public accounting firms, and we are sessment of all of the accountancy faculty respectively). The list was published in the successful in that dimension and have been activities, including teaching, research and Oct. 31, 2009 issue of the Public Accounting for more than 60 years,” Flesher said. service to the profession,” he said. Report. UM is third among SEC schools in Of the schools in the United States Dean Mark Wilder said it is a great ac- the rankings, behind only the University of offering accounting programs, about 500, complishment for the school to once again Georgia and University of Florida. including UM, are accredited by the As- be recognized as a top 20 accountancy pro- For many years, UM’s undergradu- sociation to Advance Collegiate Schools of gram nationally. ate program has been ranked in the top 30 Business, or AACSB International, as being “This honor is a testament to the hard nationally. among “the best accountancy and business work of our faculty in delivering a rigorous Dale Flesher, associate dean, said programs in the world.” educational experience, as well as to our that since there are at least 1,000 accoun- Flesher said the rankings of the Pub- outstanding students who go on to have tancy programs in the United States, to be lic Accounting Report are influenced by the phenomenal careers,” Wilder said. “Also continued on Page 12 A C C O U N T A N C Y new endowment honors mentors T o support scholarships, faculty development and other aca- demic needs within the Patter- son School of Accountancy, a 1973 accountancy graduate and his wife established the Hugh and Pam Boone Accountancy Excellence Endow- ment Fund. Created with a $50,000 commit- ment from the Boones, the endowment honors UM’s Gene Peery and Jimmy Davis as well as Rex Deloach—three men who helped determine the course of Hugh Boone’s career. Boone said he never would have con- sidered accountancy except for a chance meeting shortly after his arrival on the Ox- ford campus his freshman year. “I met Gene Peery and he encouraged me to take accounting principles with him, and I ended up majoring in accountancy,” Boone said. “I graded papers for him my junior and senior years, spending two to three hours a day, five days a week, sitting at a very small table in front of his desk, hearing all of his stories and conversations. It was a good bath in general principles for two solid years.” During those two years, Boone also 8 spent a lot of time with Peery’s colleague Jimmy Davis, now professor emeritus of accountancy. “Randy Graves (who graded for Davis Hugh Boone (right) with Pam, Tyler and Whitney Boone. and remains one of Boone’s best friends), Jimmy, Gene and I would all go to the dog Boone joked that Deloach even taught him Professor Peery and me, and, at times, I races on Friday nights,” Boone said. “I be- how to dress, teasing him whenever his think they thought they were running the came pals with Jimmy, and, since that time, shoes didn’t match his suit. program.” he’s always been supportive and available During his time with Touche Ross, Despite any influence he may have had to speak with me. I’ve always wanted to do Boone met his future wife, Pam. He said on the accountancy program as a student, something to honor both Gene and Jimmy that as Pam became part of his family, she Boone said that he and Pam put no restric- because if it hadn’t been for them, I would became close with Peery, Davis and Delo- tions on the endowment in the hopes that not have had the opportunity to start a ca- ach, who “were already in the family.” it will allow Dean Mark Wilder and future reer in Memphis, much less have one as Now an investment banker for FTN Fi- deans to address the Patterson School’s rewarding.” nancial, the capital markets group of First most pressing needs. Peery was directly responsible for Tennessee Bank, and with two grown chil- “We are extremely grateful to Hugh Boone getting an accounting job upon grad- dren, Boone said he is happy to be able to and Pam Boone for their generosity and uation, encouraging him to pursue a career give back to The University of Mississippi for their dedication to making sure we are in the field rather than return to Grenada, and honor the men who took such a strong able to continue the legacy of excellence his hometown, to work in his family’s busi- personal interest in his life and the lives of established by long-time outstanding pro- ness. Peery even called Boone and made others. fessors such as Gene Peery and Jimmy sure he interviewed with accounting firms Davis lauded Boone’s commitment: Davis,” Wilder said. “The loyalty and that recruited on campus. “Hugh Boone is and always has been a generosity of our alumni and friends are After Boone landed a job with Touche strong advocate for the School of Accoun- clearly a ‘difference maker’ in helping our Ross, where he worked for nine years, tancy and is my longtime friend.” Davis accountancy program move to the next Rex Deloach took him under his wing and also joked about his student days. “He and level of excellence.” became another good mentor and friend. his close friend Randy Graves graded for A snapshot of your generosity How Your Gifts Help port the Jimmy Davis Scholar- A. Faculty and Research Support $858,910 ship Endowment, these funds “endowments provide a B. Scholarship Support $206,201 were directed to 17 individual steady source of income C. Unrestricted School of Accountancy $89,457 endowed scholarships and 10 that is crucial to the Support flow-through scholarships. success of the university. it D. General, Programmatic & Library $54, 326 is encouraging to see our c. Unrestricted school of Support Accountancy $89,457 accountancy alumni E. Beta Alpha Psi Support $13,835 This year, 277 donors continue to step up and Total Receipts: $1,222,729 made unrestricted gifts to the invest in ole Miss through School of Accountancy (gifts establishing endowments Receipts for the fiscal year ended June 30, 2009 directed to either the School benefiting the school of of Accountancy Fund or the A. Faculty and research $858,910 Accountancy Dean’s Fund). Unrestricted Accountancy.” The establishment of the Roland & gifts went to scholarships, recruitment, fac- — Morris stocKs, provost Sheryl Burns Chair and KPMG’s collective ulty development and other uses. See pie support of more than $65,000 toward the chart below for detailed breakdown of gifts. KPMG Professorship made up the bulk of this funding, which helps ensure our ability D. general, programmatic & Library e. Beta Alpha psi $13,835 to attract and retain outstanding, student- $54,326 Raised primarily through the Beta focused faculty members. Led by a collective gift from Horne of Alpha Psi Golf Tournament, this funding almost $30,000 to the Horne LLP Accoun- helps support our Beta Alpha Psi Chapter, B. scholarships $206,201 tancy Excellence Endowment, these funds which provides service and leadership op- Led by support from the Charles W. provide general, programmatic and library portunities to high-achieving students. Caldwell family and collective gifts to sup- support to the school. your support in Action 9 • Thanks to both your current flow-through helped attract top freshmen and sopho- salary and research support. With our support and past endowment support, mores into our program, helped meet faculty being paid on average 9.2 percent we were able to award 63 undergraduate the needs of those with financial hard- below peers at other universities, salary scholarships totaling $126,000 for the ships and rewarded the hard work of our supplements provided by your endow- 2009-10 school year. These scholarships upperclassmen. ment support help increase our ability to attract and retain outstanding, student- • Accountancy endowments provided ap- focused faculty members. “Unrestricted funds give us proximately $160,000 in faculty salary the flexibility to prioritize support for the 2009-10 school year and • In fiscal year 2009, $944,859 of the total approximately $50,000 in 2009 summer $1,222,729 received was designated to needs, helping ensure we are our endowments. Based on our current able to meet current How Your Unrestricted Giving Helps endowment spending policy, this fund- expenses and take the steps ing will provide approximately $47,000 we believe necessary to in support annually to the school in per- FY 09 Use of Unrestricted Gifts advance the school of Note that current year expenditures exceeded petuity, building on a foundation of sup- Accountancy. i appreciate the current year gifts by approximately $12,700. port that will help ensure we are able to These expenditures were covered by prior year reserves. sustain the long-standing tradition of ex- confidence you have in the cellence in accounting education at Ole work we are doing and can’t 4%6% Scholarships 19% Miss for generations to come. Faculty Development and Recognition stress enough how valuable Promotion/Recruitment/Stewardship your annual involvement, at 18% Alumni Events Travel whatever level that may be, is 11% 18% Publications Office Supplies to our program.” 6% Miscellaneous 18% — MArK WiLDer, DeAn A C C O U N T A N C Y d o n o r s The Patterson School of Accountancy thanks our friends and donors who supported us with their generosity. JAnUAry 1–DeceMBer 31, 2009 pAtron ($25,000+) James A. Grimes Jon Gaston Peder R. Johnson Pamela B. and Hugh J. Boone Shelly N. and H. Thomas Hayden Jr. Kimberly A. and T. Lee Gibson James Ryan Jones Sheryl L. and Roland O. Burns Jr. Sophy J. Chung and Lionel Henderson Jr. Jennifer B. and W. Brian Hicks Lesley A. Jones KPMG Foundation Evelyn M. and D. Kirk Hines Jeffery W. Horner Melinda A. and James A. Koerber Barbara N. and Edward A. Krei Kathryn S. and Charles E. Hodges Selby A. Ireland Ronald W. Lott J. Daniel Holliday II Donna B. and Quinon R. Ivy Gina B. and John A. Lotz BeneFActor ($10,000- Carson M. Hughes Mary John G. and W. Blair Johnson Carol Anne Marion $24,999) William F. Kimble Derek W. Knepple Stuart M. Maxey Susan and Larry H. Bryan Lefoldt & Co. P.A. KPMG LLP Elizabeth T. and Ronnie G. Michaels Virginia G. and Charles C. Clark Dan K. Lomax James A. Lesemann Jr. Beverly Y. Milam Deloitte & Touche Foundation Dewitt M. Lovelace Sr. Kristen S. and Nathaniel G. MacAdams Orlando A. Morales Edward A. Demiller Jr. A. Sonny MacArthur Mayo Mallette PLLC Anita N. and Steven F. Nail Ernst & Young Foundation Nancy P. and Nick A. Mavar Jr. Terri T. and Burwell B. McClendon Marie H. Newton Dixon Hughes, PLLC Susan M. and W. Tad Mays Jr. W. Michael McDonald Sr. Helen and Mike Overstreet Horne, LLP Michele N. and Bryan C. McDonald Amy A. and John M. McMahon Jessica A. Querin Tonya K. and Dale L. Flesher Eileen M. McGinley Joseph Melton Jr. Jessica S. and Kenneth C. Rakow Jr. Peggy C. and Keith McKey Ellen D. and David L. Miller Renita A. and Mark Q. Partin Alicia G. Reynolds Emma B. and James H. Moore Jr. Porter Keadle Moore, LLP Paula H. and Steven G. Robbins execUtive ($5,000-$9,999) Peggy H. and Norman E. Moore Jr. Jeremy W. Powell Albert A. Sanderson Thomas W. Avent Jr. Jonathan P. Moorehead Regions Bank J. Dustin Schultz Martha and Louis J. Blanchard Murphy Oil USA, Inc. Reynolds Bone & Griesbeck CPAs Michael G. Schumacher James W. Davis Jane Kerr G. and Robert B. Nance III William R. Rhodes Mary Scott R. & Thomas B. Shepherd III Joe D. Havens Jr. Pearce, Bevill, Leesburg, Moore Allyson F. and Terry A. Robertson Lee Michael Tabor C. Matthew Lusco Gayle S. and James E. Poole Jr. Pamela K. Roy Corby Townsend David G. Miller Lee W. Randall B. K. Ruth Gibson Turley III Mary W. and Lucian S. Minor William A. Ray Amy M. and Jason T. Shackelford Timothy L. Walsh PricewaterhouseCoopers Foundation Jerri R. and Ralph G. Ross Andrew D. Sharp Thomas Z. Webb Mark L. Rexroat Sanderson Farms Patricia H. and John B. Sneed II Cynthia P. Wells Charles R. Walker Eric M. Saul Angela C. and Jeffrey B. Strouse Oliver Williams Susan K. and Wendell W. Weakley Benjamin R. Silliman Martha and W. Terrell Stubbs Sherry J. and Ronald T. Wilson Nancy and Kit Williams Katherine and Arvil R. Stanford Carrie and William G. Tapp State Farm Companies Foundation Bettina D. and Ronnie L. Thomas pArtner ($100-$249) ADvocAte ($2,500-$4,999) Cynthia A. and Morris H. Stocks Joseph W. Thomson III Dorine A. Adams Becker Professional Review Martha and James T. Thomas IV William D. Trahan Jeffrey D. Aldridge Leo Boolos Jr. Jan P. and N. Gordon Thompson Sr. Terry F. Traylor Beth S. and William S. Amos Tricia R. and Timothy R. Cantrell Laurie and David M. Walker Richard C. Turner III Eileen and Nicholas J. Angelozzi Jr. Leigh Anne and James O. Carpenter Ann and Joe C. Weller Jon L. Watson Alva L. and Robert A. Bailey 10 Reatha H. Clark Denise E. and W. Mark Wilder Charles Almon Webb IV Jackie P. and Richard Bailey Karen J. and Rick Elam Jo L. and A. Tommy Williams Leigh Ann H. and Jeffrey R. Wills Kay L. Bates Entergy Corporation Kay S. Williams Vickie M. Cook and Michael W. Wright Daniel D. Bennett ExxonMobil Foundation L. Tyler Williams Johnathan Zoeller Nell K. and Daniel R. Bieger Susie and Roger P. Friou Hansell N. York III C. Jack Blackburn Jr. Edith Kelly-Green and Alfred D. Green senior pArtner ($250-$499) Karen A. and David B. Blackburn Larry J. Hardy steWArD ($500-$999) John C. Adrain Francine H. and Ira Blackmon Melissa M. and Donald D. Jones Elizabeth L. Alderson Charlotte and Felix E. Amenkhienan Marianne Bradford Susan Pierce Robert H. Alexander Jr. Scott A. Barnhart Jamie M. and N. Craig Brewer III Brian K. Roberson Jesse R. Alford Patricia D. and John B. Barrack Nancy H. and Cecil C. Brown Jr. Thompson Dunavant PLC Cynthia Amisano Brown Barrett C. Bowerman Lisa W. and Jesse R. Browning Pamela M. and Jon C. Turner BDO Seidman LLP Brian M. Chopin Donna Bruce Betty S. and Jesse B. Tutor Jr. BancorpSouth Foundation James R. Clinton IV Dennis Bullard Donna D. Wade Monica T. and Raymond L. Bergin Jr. Kathryn C. and William D. Coleman Debora S. and James R. Bunting Jr. Leslie J. and Joel K. Bobo Gail T. and James C. Collins Sara L. Burney AssociAte ($1,000-$2,499) Patricia L. and Charles W. Boland James R. Crockett Tim Burns Melissa and Ronald G. Applewhite John Borchert Debra C. Cunningham Caterpillar Foundation BKD, LLP Dorothy L. and Rees T. Bowen III Douglas E. Daniels William B. Cherry Ginny S. and Irvin L. Breckenridge III Nadia T. Cavner Laura Y. and Buddy Dearman Sallye C. Chow Julie S. and Charles W. Caldwell Jr. Crowe Horwath, LLP H. M. Deneka Harriet Claunch Thomas L. Callicutt Jr. Walter K. Davis Lashlee Dorman Anne J. Cofer Kristin W. and Michael A. Carraway Betty T. and F. Javier DeRossette Kathy H. Eure Sandra P. Comeaux Kathryn M. and Charles E. Cauthen Jr. Decosimo Denise H. and Vincent W. Farrington Timothy M. Cooper J. Truman Channell Michael P. Edwards J. Kavin Finley Earmel R. Cotten Anne M. and Robert A. Cunningham Entergy Corporation Billie R. and Rudolph F. Franks Leslie B. and David L. Cuicchi Norma E. and Wallace E. Davenport Ernst & Young LLP Jerry Goolsby Charles M. Cummings Deloitte Services LP Keith N. File Shelley S. and Patrick C. Gough Andrea C. and Joseph P. Davis Taylor G. Eady Jr. First Horizon Mary H. and T. Kenneth Griffis Lance M. Davis Samuel A. Flint Molli A. Flynt Charles S. Groshon Pamela H. and Charles L. Davis Jr. Mollie M. and Jacob M. Fried Jr. Brian M. Folk Laurie S. and Anthony E. Hale Sweta S. Desai Deborah G. and Larry T. Gentry Mandy M. and Michael L. Gagliardi G. Anne Hamilton Robert W. Dowdy Charlene W. and Randy L. Graves Deborah T. and W. Scott Galloway Glyn W. Hanbery Roderick V. Draper Mary Ann W. and William G. Griesbeck Meredith Green Gamble Jennifer A. Hufford William C. Drummond Jr. Mary Howell M. and Jay Gann Janis C. and Thomas J. Hyde Peggy and Wallace L. Duke Jr.