School of Accountancy students at the Daniels College of Business have been hard at work launching a paperless initiative to improve the operations of the Alpha Zeta chapter of Beta Alpha Psi, an international honorary and service organization for accounting, finance and information systems students. The initiative was inspired by the Best Practices competition, sponsored by the Big Four firm Deloitte since 2001. The program encourages students to “develop and execute programs that promote awareness and student involvement in projects exemplifying values shared by BAP and Deloitte.”
Each year, Deloitte partners and Beta Alpha Psi representatives select topics to promote their organizations’ shared values. For the 2015 competition, the theme was Developing the Future, with the specific categories of International Impact, Financial Literacy and Effective Operations. The latter was the category for which Daniels students launched their effort to transition all club organizations to a paperless system. At the Rocky Mountain Regional competition in Denver April 9-10, the Daniels chapter walked away with a second place award for the International Impact category and a first place award in the Effective Operations category.
Teams that win each category within their region are invited to participate in the national competition in August 2015, to be held in Milwaukee, Wisconsin. The winning Daniels team is composed of undergraduate accounting students Solongo Batsukh, Zane Sanchez and Mitch Singer.
The students have three main goals: to increase efficiency and accuracy of recording member hours, make the dues paying process and membership registration process more efficient, and lessen the chapter’s environmental impact.
The DU chapter of Beta Alpha Psi took first place in the Best Practices: Comprehensive Collaboration category at the national competition in 2014.
“The Best Practices competition is a great opportunity to identify something about your chapter to improve or change, share ideas among peers about how to make our chapters better and open the lines of communication between chapters,” says Singer, who is the DU Beta Alpha Psi vice president of professional development. “We’re excited about going to nationals to learn from other chapters and share more about our own project.”
Learn more about the Alpha Zeta chapter of Beta Alpha Psi at denverbap.com. Learn more about the Best Practices Competition at bap.org/competition-best-practices.