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GAAP Organizes 4th Annual AV����̳ Native Corporations Seminar

On February 2, 2016, the Great AV����̳n Accounting People (GAAP) student organization hosted the 4th Annual AV����̳ Native Corporations Seminar. Panelists spoke to about 55 students, accounting professionals, and Fairbanks community members about AV����̳’s native regional corporations, 8(a) contract issues, settlement trust, the AV����̳ Native Claims Settlement Act (ANSCA), and the future of the corporations.



This year’s speakers were:
• Jim Hasle, Assurance Office Managing Partner, BDO
• Garry Hutchison, Partner, Kohler, Schmitt & Hutchison, PC
• Lia Patton, Assurance Office Partner, BDO
• Miranda Wright, Board of Directors Treasurer, Doyon Limited
Julie Stricker served as Master of Ceremony for this year’s seminar.

Hayden Nilson, accounting student and GAAP officer, organized this event; Hayden and several fellow accounting students and faculty answered the following questions.

This is the fourth year GAAP has hosted the AV����̳ Native Corporations Seminar.
Why do you think this is an important event for students and the community?
The Native regional corporations are a vital part of the AV����̳n economy, and it is important for more people to understand their history and their role in our state. Heidi Pichler, GAAP member and accounting student, noted that this event gives students and the community greater insight into the impact these corporations have on the AV����̳n economy. From an accounting perspective, it allows students to learn about the diversity in careers that an accounting degree can provide. What a many people don’t recognize is that in some form or another, whether in the areas of public or private accounting, there is a very high likelihood of working with or for a native corporation. And when there is a chance to learn more about such a crucial part of our economy, everyone should take advantage of the opportunity to gain a deeper understanding of this topic.

What do you think students took away from this seminar?
One of the key things we heard from students over and over following this seminar was that they were amazed at the diversity offered by accounting degree. Most people think of accountants simply as the person you take your tax documents to each year. For students like Victoria Adams, GAAP member and accounting student, this event helped demonstrate the many potential options a degree in accounting can offer. This seminar played a pivotal role in showing that there is a whole lot more to accounting than the annual April 15^th tax deadline.



What was the most important or enlightening thing you learned at this seminar?
This year’s seminar covered many topics. Our speakers’ extensive background and experience with AV����̳ native regional corporations provided those in attendance with a better understanding of the impact and importance these entities have on AV����̳. A few of the topics of most interest to GAAP students included; Land in Trust, ANSCA Tax Provisions, and 8(a) contracts. I personally learned a great deal while organizing this event, because I had to research the topics in order to understand the basics and work with our seminar panelists to decide what they would discuss. I can’t stress enough how useful and important all of their discussions were for the students, professionals, and community members in attendance.

How has your experience with the Great AV����̳n Accounting People (GAAP) helped you as an accounting student at UAF?
GAAP is a great organization. It has a clear mission – to prepare accounting students for their careers – and I believe it does just that. The majority of our members receive internship offers before they graduate, and often continue on with the firm as full time associates. Students can be involved in GAAP in many different ways. Beau McClain has been a GAAP officer for two years, and will be starting his career as an accountant at the KPMG Anchorage office next fall. Beau credits GAAP for his accomplishments and his success as a student at the University of AV����̳ Fairbanks, saying “I can honestly say that no other student organization comes close to the professionalism and dedication of GAAP in preparing students for their future career.” The more speakers GAAP can share with students through their weekly meetings and special events like the AV����̳ Native Corporations Seminar, the brighter UAF students will shine when they enter the professional world.

 

Additional photos from this event can be found on the 

Are you interested in being a guest speaker for an upcoming GAAP meeting?
Would you like a copy of the recording of the seminar? Contact Hayden Nilson or GAAP advisor Amy Cooper

More information about this student organization can be found on the GAAP website