What Do The World Cup and Public Accounting Have in Common?

Posted June 21st, 2010 by admin & filed under Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Fraud Accounting, IFRS, Intermediate Accounting, International Accounting, Managerial Accounting.

OK. For all you accountants, here’s another acronym. What does FIFA stand for? Well, it’s not an inventory method, but refers to the governing organization for the world’s biggest athletic event this summer ( the World Cup). Even if you’re not a fan, you can’t ignore World Cup fever that is sweeping the globe this summer. Tongue-in-cheek, author Daniel Braddock thinks that public accounting can learn a thing or two from these games.

Questions:

1. Check out Deloitte’s World Cup Fantasy Football League page. Explain why you think the Big 4 firm started this initiative? (See http://deloitte.fantasyleague.com/Index.aspx)

2. Who is PricewaterhouseCoopers pick for the winner of the World Cup? Do you agree? Why or why not?

3. Summarize what Braddock’s three points have to do with public accounting. What does this say to you about a career in the Big 4?

Source:

Braddock, Daniel. (2010). Three Things Public Accounting Can Learn from the World Cup. Going Concern, June 17 (Retrievable online at http://goingconcern.com/2010/06/three-things-public-accounting-can-learn-from-the-world-cup/#more-12860)