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Saturday, March 10, 2007

PricewaterhouseCooper’s xTax Competition

Posted by Tracy

I thought it was about time that I start catching everyone up on what has been going on. I figured I could start by explaining some of the stops I have made on this Journey to an Accounting Future. (Sounds breathtaking, huh?) Laugh all you want, you’re gonna read about it anyway…

Back in October, 2006, a professor made an announcement in my Accounting 210 class about a competition that was going to be hosted by one of the Big Four accounting firms. He said it would grant the participants great exposure, experience, and generally a great time. It would also be a great way to get your name out there for admission and recruiting purposes. So I signed up and got teamed up with some wonderful people.

xTax (short for Extreme Tax) is a competition, hosted by PricewaterhouseCoopers, where students are given a large tax issue and must give a presentation before judges regarding their solution. The presentations must be 12 minutes long and there is a 15 minute question-answer session. The presentations are judged on critical thinking, presentation quality, and teamwork. Teams of five students first compete within their own college. The first place teams from all colleges submit videos of their presentations to the PwC main office and these presentations are reviewed again. PwC then selects five schools to attend the national finals in Washington, D.C. Our team did very well and placed first at BYU, and in December of 2006, we found out we were going to nationals.

At D.C. we were treated great! They had a private room for each student at the Mandarin Oriental Hotel in downtown D.C. We were able to spend an evening with former Chairman of the House Ways and Means Committee (Chairman Archer) in the Capitol Building. He took us on a special tour and even allowed us to go onto the house floor for a portion of the evening. It was awesome! We had a meal at the Capitol Club (a political hotspot) which was a special experience as well. Although we didn’t win the first place prize at Washington D.C., the National Finalist experience truly changed my outlook on the tax services field. I met some amazing people and had a wonderful, life-changing experience that I will never forget.

Watch a video discribing last year's xTax competition or check out PwC's xTax site decribing the competition's details.

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Blogger Ying Ping said...

Hi there
Actually i am in the Pwc Compeition now, but I don't know how to do it well.

I really want our team to stand out, but it's the beginning and none of us has experience of ths competition.Plus,four of us are not native speakers, so i think it's going to be hard. Could you share your experience with me? If possible, can you tell me how you win?

October 18, 2009 at 7:22 PM  

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