CHARTERED ACCOUNTANTS EDUCATION FOUNDATION OF 2013 Report to the Community sup-port (verb) \\sə-ˈpȯrt\ 1) to promote the interests or cause of 2) to provide substantiation 3) to pay the costs of 4) to provide basis for the existence or subsistence of 5) to hold up or serve as a foundation 6) to keep (something) going ed·u·ca·tion noun \ˌe-jə-ˈkā-shən\ 1) the action or process of educating or of being educated; also: a stage of such a process 2) the knowledge and development resulting from an educational process

Courtesy of Merriam-Webster. CHAIR, CAEF BOARD OF GOVERNORS

Bob Twerdun fca

MANAGING EDITOR Contents Katie Starratt 3 About the CAEF 15 The Money Project

EDITOR 4 A message from the Board Chair 16 Alberta CAs shaping the future for Jamie White financially literate youth 5 Celebrating the CAEF 18 Paying it Forward supporters CONTRIBUTORS 6 Inaugural CAEF Impact Award recipient Caitlin Crawshaw 20 Support for Educators 8 Anchoring accounting education Gitte Sorensen 21 PhD support program 10 Support for Students PHOTOGRAPHY 22 Remembering an exceptional educator, 11 2012 Don Wilson ca Memorial Laughing Dog CA and friend of the Foundation Todd Korol Scholarship recipient 24 Support for Post-Secondary Institutions Drew Myers 12 Inaugural Richard Schulli ca SC Photo Memorial Scholarship recipient 25 CAEF partners with non-traditional Chris Schwarz universities to strengthen the quality of, 13 2012 James C Miller fca Bursary and access to, accounting education GRAPHIC DESIGN in Accounting recipient 26 In review Nathan Webb 14 Student Awards 28 How the CAEF supported business education in 2011/12

Chartered Accountants Education Foundation of Alberta Email: [email protected] Through the contributions of every Alberta CA and additional generous donations, since its Phone: 780.424.7391 Toll free: 1.800.232.9406 inception, the CAEF has provided approximately $12 million in support towards business www.CAEFalberta.ca and accounting education across the province.

1 2 CAEF 2013 Report to the Community About the CAEF he CAEF is the Alberta Chartered Accountant (CA) profession’s Tnon-profit foundation that supports business and accounting education across the province. Through the contribution of every Alberta CA, and additional generous donations, the Foundation is able to provide support in the form of: • funding awards to post-secondary institutions; • PhD support funding to qualified individuals interested in ac- counting research and pursuing their PhD; • teaching prizes to exceptional university educators; • annual scholarships, awards and bursaries to business/account- ing students at post-secondary institutions in Alberta and at the University of Saskatchewan, high schools and the CA School of Business; and Group photo: (CAEF Board of Governors with CAEF • funding for special projects that advance accounting education Executive Director Jane Halford fca) and raise the profile of the CA profession.

Left to right: Alex Tutschek ca, Ryan MacDonald ca, Jane Halford fca, Bob Twerdun fca, Karen Munjak ca, Lara The CAEF, led by a Board of Governors consisting of dedicated Gaede ca, Dan Silvester ca, Joanne Belliveau ca. Alberta CAs, is highly respected by members, post-secondary

Board members pictured above: John Pinsent ca, Mike institutions and donors for its demonstrable contributions to Shaikh fca, Dave Bodnarchuk ca business and enhancing the CA brand.

Note: Jane Halford fca stepped down as Executive Director on January 31, 2013. 3 A Message From the Board Chair

Welcome to the 2013 Report to the Community! our donors—the outstanding individuals who give both their time and treasure to make a positive Through the contributions of every Alberta CA, difference, and who often inspire others to give and many other generous supporters, since its back and make an impact. inception the Chartered Accountants Education Foundation of Alberta (CAEF) has provided more In the pages that follow, you will read about a few than $12 million in support toward business and of the direct beneficiaries of Foundation support. accounting education across the province. While You will also read about some of the many ac- this is certainly a fulfilling accomplishment of which tivities that took place since our last publication, the Foundation is extremely proud, we want to including: a variety of fundraising initiatives aimed recognize that this success would not be possible at raising funds for the latest special project—youth without our many donors. financial literacy education; the creation of a new award designed to honour individuals for their On behalf of the Foundation Board of Governors, contributions to the work and goals of the Foun- our heartfelt thanks to donors for your invest- dation; and essential funding to post-secondary ments in the future of business and accounting institutions in Alberta. education in Alberta. To all of our donors, thank you for your dedication 2012/13 marks a particularly exciting milestone to the Chartered Accountants Education Founda- for the Foundation—its 30th anniversary. For three tion of Alberta and for helping us to achieve thirty decades, the CAEF has endeavored to raise aware- years of giving back to the profession. ness of the CA designation and ensure that there are sufficient numbers of qualified, well-educated We look forward to celebrating this milestone individuals pursuing the designation, now and in with you throughout the year and continuing this the future. journey with you in the many years ahead. Of course, none of this work would be possible without the support we receive each year. While Bob Twerdun fca this 30-year milestone is a celebration of the Chair, CAEF Board

Foundation, for us it is also about celebrating of Governors CAEF Chair Bob Twerdun fca

4 CAEF 2013 Report to the Community Celebrating the CAEF

ver the last 30 years, the CAEF has con- Otributed approximately $12 million towards business and accounting education in Alberta. This significant accomplishment would not have been possible without the generous contributions from Alberta CAs and other charitable supporters.

5 CAEF awards inaugural to deserving recipient Impact Award

Awarded annually, and presented at the ICAA’s Building a legacy to the profession. What’s more, Canadian universi- Merit Awards Gala, the CAEF Impact Award ties—including those in Alberta—struggled to find For his contributions to the field of chartered ac- honours an individual for his or her contributions professors to teach accounting, since most CAs counting, Steve Glover fca, became the inaugural to the work and goals of the CA Education Foun- gravitated to careers in public practice or industry, recipient of the Chartered Accountants Education dation of Alberta. Candidates should demonstrate: not academia. Foundation of Alberta Impact Award in 2012. • active involvement in the Alberta business/ac- Knowing that something had to be done, the Insti- The award recognizes those who have championed counting community; tute of Chartered Accountants of Alberta (ICAA) accounting education in Alberta. But while he • the ability to be considered a role model for created a committee to look at possible solutions. proudly displays the glass sculpture on his mantle, other Alberta CAs; and “One of their recommendations was to establish Steve stresses that he didn’t commit himself to • significant contributions to the success of the a foundation to work with the universities,” says CA education for the recognition. CAEF in achieving its mission and vision (e.g., Steve, then a young accounting instructor from helping to promote and/or fundraise for CAEF “There’s nothing more important to any profession Ontario, who had been recruited to help with the projects, making a substantial donation, volun- than educating its future members. If you can be in- ICAA’s accounting education initiatives. In 1982, teering time to CAEF activities, encouraging volved in the building of institutions to support that the CAEF of Alberta was created, with Steve at colleagues to contribute to the CAEF through cause, there’s nothing more rewarding,” he says. the helm. time or financial support, and advocating for Steve’s involvement with the CAEF began in the At first, the CAEF was focused on working with Foundation initiatives). late 1970s. At the time, business was booming in universities to create high-quality education for To nominate an individual for the 2013 CAEF Alberta, thanks to a hot energy sector. But while accountants and to ensure they could attract top- Impact Award, visit www.CAEFalberta.ca. the demand for Chartered Accountants was higher quality instructors with PhDs to teach the curricu- than ever, the supply was dwindling. A few years lum, Steve explains. But during the two decades he earlier, professional associations across Canada worked for the Foundation, Steve says the CAEF had begun to introduce mandatory degrees for always adapted to the needs of CAs and, more CAs, which slowed the emergence of new talent broadly, Alberta’s business community. “From time

6 CAEF 2013 Report to the Community Steve Glover fca

“There’s nothing more important to any profession than educating its future members. If you can be involved in the building of institutions to support that cause, there’s nothing more rewarding.”

to time, the CAEF’s strategic focus has shifted, but its primary goal of supporting high-quality CA education has always been the same,” says Steve. From the beginning, the Foundation prioritized scholarships for PhD students in accounting; at other times, support was also given to establishing research chairs at both the and University of , for instance. And, over the years, the CAEF has opted to support account- ing education at the University’s of Lethbridge and Saskatchewan, as well as other post-secondary institutions in Alberta. Now in its 30th year, the CAEF has built a legacy in Canada. The Foundation has helped to improve accounting education standards across the country and beyond. During his time leading the CAEF, Steve lent his expertise to the creation of the CA School of Business and served as the Canadian rep- resentative on a committee to create international education standards for professional accountants. “It was always really rewarding to be involved, because there’s no doubt the Canadian chartered accounting profession enjoys international respect in its education standards,” he says.

7 Anchoring accounting education

When Mike Gibbins PhD FCA, began his career, the brand-new Chartered Accountants Education assuming another position at the U of A, the Win- field of chartered accounting was in a state of Foundation (CAEF), formed two years prior, and spear Professor of Professional Accounting. But flux. Across Canada, provincial CA institutes like Dr. Gibbins was one of the very first academics to even afterwards, he continued to have strong the Institute of Chartered Accountants of Alberta receive support from the Foundation. ties with the CAEF. Throughout the years, the where soon to implement a degree requirement Foundation provided funding that helped ease his It was a challenging role, he recalls, since universi- for new accountants, which would marry the aca- workload. For instance, a recurring grant allowed ties and those in the profession had different ideas demic rigour of university with the demands of him to pay grad students to develop course ma- about the best way to educate future accountants. the profession. But just how the profession and terials for an introductory financial accounting The centre was meant to be a bridge between the the universities would accomplish this was not course he taught. two, and Dr. Gibbins its champion. quite clear. Over the years, he has watched the Foundation To add to the challenge, Dr. Gibbins was still re- After finishing a PhD at Cornell University in New help many students and academics, like himself. quired to meet the rigorous publishing demands York, Dr. Gibbins became involved in accounting He’s also seen the CAEF evolve from a fledgling of academia, and it was no easy feat balancing education in British Columbia, before being offered organization to a well-established institution. The his leadership role at the centre with academic a new opportunity in Alberta. “There’d been a lot field of chartered accounting has also changed research. But, it was well worth the juggling act. of writing and hand-wringing about the state of drastically since the early 1980s, as CAs now receive accounting education and Alberta seemed like a “It was a labour of love,” says Dr. Gibbins. “It was a broader university education, as well as techni- fertile place to get things done,” he says. something I had wanted to do—work on account- cal skills that meet the needs of the marketplace. ing education and try to improve the quality of On July 1, 1984, Dr. Gibbins became the head of The CAEF continues to be as relevant as ever, courses and programs, as well as improve knowl- the Centre for the Advancement of Professional Dr. Gibbins maintains, “There’s always going to be edge about accounting education.” Accounting Education at the University of Alberta a role for the Foundation. This profession is very (U of A). The centre was funded by the ICAA’s Dr. Gibbins held this role for three years before interested and dedicated to educational issues.”

8 CAEF 2013 Report to the Community “ It was a labour of love, it was something I had wanted to do—work on accounting education and try to improve the quality of courses and programs, as well as improve knowledge about accounting education.”

Mike Gibbins PhD FCA

9 Support for Students

elping students at all levels succeed in their Hgoals of becoming CAs has always been a cornerstone of the Foundation’s work. The CAEF rewards students for their academic, leadership and community achievements in order to reinforce the value of pursuing the CA designation, and attract the best and the brightest to the profession.

10 CAEF 2013 Report to the Community CAEF Awards

Don Wilson ca Memorial Scholarship to Jared Smith Awarded annually, this scholarship recognizes a fourth-year Alberta or Saskatchewan university student who is registered in a degree program accredited by the CA School of Business and who is pursuing a CA designation outside of external audit. Students must have satisfactory academic standing and demonstrated leadership within the community or on campus.

As the legacy of Don Wilson ca carries on, there Actively involved in his community, Jared lends is no doubt that the recipient of this year’s Don a helping hand at Soup Sisters (supporting the Wilson ca Memorial Scholarship— Women’s Shelter), where he commits Calgary student, Jared Smith—is ready to tackle his time and energy into training new volunteers. the challenging task of earning his CA designa- Additionally, Jared has already held numerous tion. “Being only the second student to receive supervisory and leadership positions, proving he this scholarship is a true honour,” says Jared. “The has all the makings of becoming a great CA. After Don Wilson ca Memorial Scholarship will help al- attending the Deloitte National Leadership Confer- leviate some of my financial stresses, allowing me ence at the University of Calgary—a conference for to remain committed and motivated to becoming top students across the country who demonstrate the best CA I can be.” exceptional leadership qualities and a keen inter- est in pursuing a Chartered Accounting designa- Whether it was the years spent rubbing shoulders tion—Jared’s exemplary leadership and managerial with family friends who are CAs or his knack for skills helped secure him a position at Deloitte’s Jared Smith, student leadership, Jared’s interest in accounting was a Enterprise Risk Services practice. natural fit. Of course, some family mentorship com- “ I want to express my sincere gratitude to bined with Jared’s research into the opportunities “I want to express my sincere gratitude to the the donors who contribute to the CAEF. and diverse career paths available to Chartered donors who contribute to the CAEF,” says Jared. It is inspiring to know there are people Accountants affirmed he was on the right track. “It is inspiring to know there are people who care “The CA designation will open many doors for me, so much about the education of young CAs. Your who care so much about the education and I’ll be able to maximize my career options and contributions are immensely appreciated by the of young CAs.” find the path that is right for me,” confirms Jared. recipients and the support goes a long way.” 11 “ I greatly appreciate the support this scholarship CAEF will bring me, and I am thankful to the friends and family of Richard Schulli ca who have Awards created this scholarship opportunity for students.” Inaugural Richard Schulli ca Memorial Scholarship to Rebecca Mui Awarded annually to a student entering his/her third or fourth year of post-secondary pursuing an undergradu- ate business/commerce degree with a declared major in accounting. Selection is based on volunteer involvement, satisfactory academic achievement and an interest in pursuing the CA designation.

A trusted mentor, friend and successful Chartered Youth Volunteer Corps throughout high school Accountant, Richard Schulli’s passing last year was quickly translated into an interest in accounting. a great loss, but his legacy of providing guidance “Through my involvement in extracurricular ac- and support to aspiring CAs lives on. Working with tivities, I have realized my passion for account- the CAEF, his colleagues, Michael Shackleton CA•CBV ing, and my strong leadership, integrity and team and Derek Boniecki CA•CBV of Quadrant Chartered skills will guide me as I work towards becoming a Accountants and Chartered Business Valuators de- CA,” says Rebecca. Equally passionate about her veloped the Richard Schulli ca Memorial Scholarship community, Rebecca has worked with the Mayor’s to support university students who are pursuing Youth Council, where she focused on addressing undergraduate business/commerce degrees with community engagement and youth homelessness an interest in the CA designation. throughout Calgary. The recipient of this year’s inaugural award is Uni- Rebecca has not shied away from her ambitions versity of Calgary business student, Rebecca Mui, since entering university. As president of the Ac- whose volunteer spirit, entrepreneurial flair and counting Students’ Association, events coordinator go-getter attitude are a force to be reckoned with for Step Forward and co-organizer (and former as she pursues her dream of becoming a Chartered participant) of the 2012 Ernst & Young Your World Accountant. “The Richard Schulli ca Memorial Schol- Tour Vision Competition, Rebecca’s continuous arship will allow me to focus on my studies while dedication to her education, school and com- Rebecca Mui, student giving back to my school, participating in extra- munity sets a high standard for those following family of Richard Schulli ca who have created this curricular activities and volunteering, all of which in her footsteps. After spending the summer of scholarship opportunity for students. Ultimately, I are aspects of my life that I value,” says Rebecca. 2012 interning at Deloitte, it’s clear Rebecca has aspire to be like you (donors), where one day I will her eye on the CA designation. Ambition is something of which Rebecca has an have the financial means to provide assistance to ample supply. Taking on leadership positions in “I greatly appreciate the support this scholarship students who need the extra boost, to show them Junior Achievement’s Company Program and the will bring me, and I am thankful to the friends and there is support and help if you just look for it.”

12 CAEF 2013 Report to the Community CAEF Awards James C Miller fca Bursary in Accounting to Travis Beck Based on academic excellence and community involvement, this scholarship is awarded annually to students enrolled in any recognized university or university transfer program in Medicine Hat and intending to enter the CA program.

On the road to success, this year’s recipient of the With his sights set on either a Business Valuation James C Miller FCA Bursary in Accounting, Travis or Investigative and Forensic Accounting specialty Beck, has the accounting world at his fingertips. designation, Travis’ journey began this fall when he Travis’ ongoing desire for learning and personal moved to the University of Lethbridge to pursue achievement have built a solid foundation for his his accounting degree. When he’s not working future career as a CA. “Receiving the James C towards his goal of becoming a CA, Travis is busy Miller fca Bursary in Accounting will help me not volunteering in the community and coaching the only financially, but also in knowing I have support senior badminton team at his local high school. from the ICAA and CAEF early on in my account- “As a leader and coach, one of the strongest ing career, which is a major motivational boost,” assets a person can have is the ability to lead says Travis. “Being recognized for this award is and still learn at the same time, while always an honour and will help me in achieving my goal working to become better at everything we do,” of becoming a CA.” states Travis, already sounding like a seasoned Starting his post-secondary studies in business ad- Chartered Accountant. ministration at Medicine Hat College, it didn’t take “I truly hope donors know how much their con- long for Travis to realize his passion for working tributions and generosity make a difference in with numbers was better suited, and more valued, students’ lives. Obtaining an education is mentally Travis Beck, student in accounting, which quickly prompted him to and financially challenging; however, this is made switch to an accounting major. “As someone who easier with the help of scholarships like this one. I always strives for perfection, I know the accounting “ I truly hope donors know how much am now able to focus more on the true educational industry will offer me the continued ability to set side of my studies and designate more time to their contributions and generosity make a new goals and work through a variety of different studying and learning.” difference in students’ lives.” challenges to reach them.” 13 Student Awards Since its inception, the CAEF has distributed more than 250 awards, bursaries Robert Card CA Memorial Scholarship in Accounting and scholarships to students in high school, the CA School of Business (CASB) Walter Nobbs FCA Academic Excellence Scholarship in Business and post-secondary institutions in Alberta and Saskatchewan. Through this UNIVERSITY OF CALGARY direct support, the Foundation rewards students for their academic, leader- Alton Bruce Ross CA Memorial Bursary ship and community achievements. Visit www.CAEFalberta.ca to find out Chartered Accountants Award the specific criteria for each award. Douglas R. Hagerman FCA Entrance Scholarship HIGH SCHOOL Eric Connelly FCA Memorial Prize Easton Fund Peter Valentine FCA Graduate Scholarship Richard Haskayne OC FCA Graduating Scholarship John Dale Parry CA Memorial Fund Robert E Waller FCA Bursary in Accounting THE CA SCHOOL OF BUSINESS (CASB) Francis G. Winspear Medal of Excellence UNIVERSITY OF LETHBRIDGE Gordon V. Rasmussen CA Memorial Award Chartered Accountants Lethbridge Scholarship Jazzit CA Student Recognition Award Flair Foundation Bursary Veres Picton & Co. Michael Lissey CA Memorial Award Mike Shaikh FCA and Linda Shaikh Award for CA Bridging Students UNIVERSITY OF ALBERTA UNIVERSITY OF SASKATCHEWAN Angela Nicoli-Griffiths CA Memorial Scholarship Harold Milavsky FCA Graduating Award in Accounting Chartered Accountants Academic Excellence Scholarship Ken Kouri FCA and Jennifer Kouri Award in Accounting Chartered Accountants Graduating Scholarship in Accounting MOUNT ROYAL UNIVERSITY Chartered Accountants Transfer Scholarship Harry G. Schaefer FCA Scholarship David Sharpe CA Memorial Bursary Elvin Christenson FCA Scholarship in Accounting GRANDE PRAIRIE REGIONAL COLLEGE Harry Schaefer fca Award in Accounting Robert Card CA Memorial Scholarship in Accounting Ken Lemke CA Memorial Scholarship OTHERS Lane Daley CA Academic Excellence Scholarship in Business Don Wilson CA Memorial Scholarship Larry Swonek CA Education Foundation Award James C Miller FCA Bursary in Accounting Peter Kule FCA Academic Excellence Scholarship in Business Kenneth Biggs fca and Leona Biggs Scholarship Richard Haskayne OC FCA Graduating Scholarship Richard Schulli CA Memorial Scholarship Rick Cormier CA Memorial Award

14 CAEF 2013 Report to the Community Paying it forward The Money Project

he Money Project is a special project of the TCAEF and it was funded by the generous do- nations of Alberta Chartered Accountants and other charitable supporters through the Paying it Forward fundraising campaign.

15 shaping the future for Alberta CAs financially literate youth

A special project of the CAEF equips students with the tools for financial success Two years ago, the CAEF launched Paying it Money Project at Edmonton’s Holy Trinity Catho- Forward, a fundraising campaign in support of lic High School. Students, media, CAEF board youth financial literacy education across the prov- members and local CAs and business leaders ince. November 15, 2012, marked the culmination celebrated the milestone event, which was a re- of this ambitious fundraising campaign with the sounding success. Holy Trinity students were the unveiling of The Money Project website – an online first to explore the web portal and discover all of its web portal created for Alberta youth to access resources, which resulted in some students getting a variety of personal money management re- on-air time with Edmonton’s local news stations. sources. The engaging and interactive web portal “As a young adult about to graduate from high features numerous tools and resources, including school, I will soon face many life-changing events, a Money Motto™ Style Survey, a dictionary of finan- “ Today’s youth are faced with a convoluted from moving out on my own to attending post- cial terms, articles and videos on various financial secondary, and having the financial smarts to world of money management, from credit topics, tip sheets, polls and links to other useful effectively handle these challenging financial situ- online financial literacy resources. card offers to loans and banking options, ations will greatly benefit my generation,” says “Our goal is to contribute to the creation of Kelsey Lalonde, Grade 12 student, Holy Trinity which often prove overwhelming. As a new, money-smart generation of Albertans, High School. “The Money Project, with all of its CAs, it’s our responsibility to pass on our and The Money Project is a significant tool in resources, will help me navigate through these expertise and positively impact the future achieving that goal,” says Bob Twerdun fca, Chair, upcoming financial challenges.” CAEF Board of Governors. generations of Albertans.” With their financial expertise and business insight, In partnership with the Edmonton Catholic School it is a natural fit for Chartered Accountants to lead —Bob Twerdun fca, Chair, District, the CAEF held a launch event for The the charge on educating Alberta’s youth about CAEF Board of Governors

16 CAEF 2013 Report to the Community financial literacy. The commitment to the Foun- dation and The Money Project is clearly demon- strated by the contributions of individual CAs, CA Training Offices and other generous supporters. “Today’s youth are faced with a convoluted world of money management, from credit card offers to loans and banking options, which often prove overwhelming,” says Bob Twerdun fca. “As CAs, it’s our responsibility to pass on our expertise and positively impact the future generations of Albertans.” The Money Project website launch marks the suc- cessful completion of phase one of the CAEF’s youth financial literacy project. Going forward, the Foundation will implement a province-wide mar- keting campaign to promote The Money Project and develop a CA member volunteer program to engage Alberta CAs in the promotion of youth financial literacy. The Foundation looks forward to supporting Alberta’s youth in the years to come and welcomes the continued support of Alberta CAs.

(Top left) Grade 12 student, Kelsey Lalonde, speaks at The Money Project launch event about the importance of financial literacy education for today’s youth. (Top right) Franco Lombardo (third from left), creator of The Money MottoTM Style Survey and Jane Halford fca (third from right), watch as students experience The Money Project for the first time. (Left) Students take The Money MottoTM Style Survey, one of the web portal’s unique resources. (Right) Joan Carr, Superintendent, Edmonton Catholic Schools, speaks to the audience about the importance of youth financial literacy.

17 Paying it Forward Supporters Funding for The Money Project was provided by the following generous donors:

Fred Abbott FCA Leah Burrows Don Easton CA Barry Gitzel CA C. Alan Holt FCA

Kenneth Aberle FCA Kenneth F. Burton CA Norm Eaton Leo Gitzel FCA Sherri Honeychurch

Steve Allan FCA CA School of Business Edward C. Elford CA Steve Glover FCA Rod Hudson CA

Ted Allan FCA Donald M. Campbell CA Carol Engelking CA Eldon Godfrey FCA David W. Hughes FCA

Fred Barth FCA Earle W. Clarke CA Stefan Erasmus CA Lloyd Godfrey CA Barry James FCA

J. Lorne Baxter FCA John E. Collins FCA Ernst & Young Carolyn Graham FCA K. Allan Johnson CA

BDO Canada LLP Collins Barrow Calgary LLP Fred Estlin FCA Government of Alberta Stephen Johnson CA

Sally K. Beattie David E. Connolly CA Felesky Flynn LLP Community Spirit grant program Richard Joly CA

Joanne Belliveau CA Garry Cook FCA John T. Ferguson FCA Jane Halford FCA Yusuf Karbani FCA

David Bentley FCA Herbert Cook FCA Albert Ferris FCA Jeffrey Hall CA Wayne Kauffman FCA

Jason Berting CA Todd Cook CA David Finlay FCA Ross Harris FCA Steve Kerr

Philip Birkby CA David Dahl FCA Andrew Fleming CA Richard Haskayne OC FCA Ian Kinnell FCA

Hugh J. Bolton FCA Jeff Dashkin CA William Fowlis CA Sandy Hawkings CA Nick Kirton FCA

Boundary Equipment Co. Ltd. William G. Davidson CA Beverley Foy FCA Dale Hawn CA Edward Kissinger CA

Barth Bradley CA Lisa Davis-Walker CA Marcine Francis CA Bob Herdman FCA Janet Klimosko CA

Shelley Brown FCA Ross Denham FCA Lara Gaede CA Ken Heywood FCA Catherine Koch CA

Ian D. Bruce FCA, CA CBV J. Ian Douglas FCA Shane Gales CA Morley Hirsch FCA Art Korpach FCA

Tom Buchanan FCA Gregory Dowell CA Jim George William Hirtle CA KPMG Alberta

Valerie Burrell CA Brent Driscoll CA B. Ross Giles Allan Hogenson CA Ward Krejci CA

18 CAEF 2013 Report to the Community Every effort has been made to ensure this list of donors is complete and accurate. If your name is missing, or you see other errors, please contact the CAEF. “Thank you to all donors for your generous support of the Paying it Forward campaign.” —Steve Allan fca, Honourary Campaign Chair

Marilyn Kuntz FCA & Murray Mikulak FCA Andrew P. Puczko CA Mike Shaikh FCA Ted J. Twak

Neil Kuntz CA Myja Miller CA Russell Purdy FCA Dan Silvester CA Bob Twerdun FCA

Paul Landry CA Rachel Miller CA Quantico Capital Corp. Cynthia Simmons University of Lethbridge

Leckie & Associates MNP LLP Don Quark CA Duncan Sinclair CA Viewpoint Charitable Foundation

Brian Lenzin CA Ronald Morton CA Robert Quilley CA Jim Slipp CA Bryan Walker

Dennis Lewin CA Karen Munjak CA Sid Rieger CA Rik Smistad CA Robert D. Walker CA

Candice Li CA Stan Murray Bill Robertson FCA Derek Smith FCA Ronald Westcott CA

Jeff Llewellyn CA Muttart Foundation Ian Robinson FCA Donald J. Smith CA Duane E. Wikant FCA

Robert E. Lord FCA Rob Neill FCA Brian Rolling CA J. Crawford Smith FCA Wilde & Company

Shelley Lorenz CA Bill Nield FCA Bartlett Rombough FCA Annette Stanley-Turner CA Chartered Accountants

Gerard A. Luijkx CA Blair Nixon QC FCA Ann Rooney FCA Dawn Stengel CA Jim Williams CA

MacKay LLP Ingrid Odegard CA Brian Ross FCA Peter R. Stephen FCA Ellen Wilson

Michael Makinson CA Erin O’Fee CA Shirley Rostad CA Peggy Stevenson CA James F. Wilson CA

David G. Mallory CA Bruce Pachkowski CA•CBV Karen Rowbottom CA D. Logan Tait FCA Elmien Wingert CA

Ian McConnan FCA Curtis Palichuk CA Rowland Parker & Associates Harry Taylor CA Shirley Y. Wong CA

Ian McDonald FCA John Partridge CA RSM Richter Inc. Reynold Tetzlaff CA WK Jennifer Wong CA Michael K. McGuire Melissa Pelletier CA Ivor Ruste FCA & Doug Thomson FCA Michele Wood-Tweel CA

Mary McGurran FCA Peterson Walker LLP Deborah Ruste CA David Townsend CA Nicola Young

Roderick McKay FCA John H.C. Pinsent CA SAIT Polytechnic Brett Turner Bob Young FCA

Brenda McKenzie Hussein Poonjani CA Ron Salole Gordon Turtle Ping Zhao CA

F.A. Richard McKinnon FCA Ken Porter FCA Robert Scullion FCA Alex Tutschek CA

Note: The bolding of names indicates “30 for 3,000” donors, who contributed $3,000 or more to Paying it Forward within the recognized time frame. 19 Support for Educators

ecognizing that the CA profession wouldn’t Rthrive as it does in Alberta without the presence of excellent educators and mentors, the Founda- tion acknowledges exceptional educators who have been nominated by their students and peers, as well as provides support to individuals interested in pursuing their doctoral studies in accounting.

20 CAEF 2013 Report to the Community As part of its mission to support the institutions and people who will develop and inspire future Chartered Accountants, each year the CAEF Support Program invites qualified individuals who are interested in pursuing their doctoral studies in accounting to apply for funding through the PhD Support PhD program. The support is a loan (up to $20,000 per year, for up to four years), which is forgiven if “The future of the CA profession depends on the quality of training the individual earns a PhD degree and teaches ac- accounting students receive. The teaching and research provided by counting at an Alberta post-secondary institution or at the University of Saskatchewan. One year of accounting PhDs are essential to the longevity of the CA profession.” teaching forgives one year of support. Adam Presslee ca 2012/13 CAEF PhD Support Program Recipients For PhD candidate Adam Presslee ca, pursuing in accounting. But first, he wanted to conquer the his doctorate in accounting is an attainable goal CA designation in order to build a solid foundation Ken Fox CA, University of Alberta because of the support he has received through for a future career in education. He was hired on Weiming Liu CA, University of Waterloo Fereshteh Mahmoudian, University of Calgary the CAEF’s PhD Support program. as a staff accountant at Deloitte (Calgary), where Oliver Okafor CGA, University of Calgary he was provided with the opportunity to teach a “It is difficult to think of pursuing my PhD without Adam Presslee CA, University of Waterloo number of training courses within the firm, which the financial support provided by the CAEF,” says Youfei Xiao CA, Stanford University led to opportunities to teach an accounting class Adam. “Accounting PhD programs in Canada have at Mount Royal University. Three years later, CA few financial resources to offer students. For a To learn more about the program and/or the credentials in hand, Adam applied and was ac- number of CAs who might have young families application process, visit www.CAEFalberta.ca. cepted to the PhD program at the University of (such as myself), pursuing a PhD program is often Candidates should apply in writing to: Waterloo in Ontario. not an option.” Attention: Executive Director Now in his fourth year of PhD candidacy, with an Chartered Accountants Education Foundation Just as the CAEF believes that one’s success often anticipated graduation date of 2013, Adam can of Alberta begins with the classroom, Adam believes “the truly appreciate the support he’s received along #580, 10180-101 Street future of the CA profession depends on the quality Edmonton, AB T5J 4R2 the way: “Words cannot express how thankful my of training accounting students receive. The teach- family and I are for the support provided by the Candidates can also email their applications to: ing and research provided by accounting PhDs are CAEF program. With two young children, the finan- [email protected] essential to the longevity of the CA profession.” cial burden associated with quitting a well-paying The deadline for applications is April 30 of After graduating from the University of Alberta, job and going back to school is overwhelming. Only each year, with approved funding commencing under the guidance of one of his professors, Adam through the generous contributions from donors at the beginning of the fall academic year. became certain he would eventually pursue a PhD was I able to return to school and pursue my PhD.”

21 Gerald H. Woudstra ca (March 21, 1954 – September 3, 2012)

Remembering an exceptional educator, CA and friend of the Foundation

This fall, the academic community and the CA ing and mentoring students was not only Gerald’s profession mourned the loss of an exceptional calling in life, but also an important influence for educator and a stalwart supporter of the CAEF. why he maintained loyalty to his vocation for more Sadly, and unexpectedly, Gerald H. Woudstra ca, than 30 years,” says Dr. Shaun Aghili, Assistant Adjunct Professor at Concordia University College Professor of Finance, Accounting & Assurance, of Alberta, passed away in September. His memory Mihalcheon School of Business, at Concordia Uni- continues to live on in the thousands of account- versity College of Alberta. ing students who had the opportunity to interact Born in Barrhead, Alberta, Gerald, with his family, with him and, most importantly, learn from him. moved to Edmonton in 1967 where he graduated Ask anyone who knew him, and they will tell you from Salisbury Composite High School (Sherwood that of all the things Gerald was passionate about, Park) and went on to pursue a Bachelor of Com- Gerald Woudstra ca (right) accepting his 2011 CAEF Teaching Prize Award from CAEF Board Members Alex Tutschek ca and Joanne education was always at the top of the list. “I can merce degree from the University of Alberta. He Belliveau ca at the Conference for Academics in May 2012. attest, through first-hand observations, that teach- received his degree from the U of A in 1976, took

22 CAEF 2013 Report to the Community an articling position with Collins Barrow (Edmon- cordia University College of Alberta, and was the “ I can attest, through first-hand ton), and shortly after earned the right to put the primary lead for teaching financial and managerial letters “CA” behind his name (1978). accounting courses since 2003. In addition to his observations, that teaching and mentoring instructional role at Concordia, Gerald also acted students was not only Gerald’s calling in In the years following, Gerald was introduced to a as a liaison with various professional accounting new profession: teaching. He taught an in-house life, but also an important influence for bodies over the years and, most recently, cur- orientation seminar for new recruits at Collins riculum coordination for all accounting-related why he maintained loyalty to his vocation Barrow (Edmonton) and then re-tested the waters coursework in the undergraduate management by taking on a week-long teaching role for the for more than 30 years.” program at Concordia. national Collins Barrow offices. Intrigued by the –Dr. Shaun Aghili idea of becoming an instructor, Gerald wasn’t In May of 2012, the CAEF awarded Gerald with quite ready yet to dive into the world of academia. the 2011 CAEF Teaching Prize Award —a student- selected honour that recognizes the presence and Gerald left Collins Barrow in the early 1980s where contributions of excellent educators and mentors— he took on the role of VP of Finance for a group a very fitting award for Gerald. “It was an honour of real estate companies, but found his way back to present him with the 2011 CAEF Teaching Prize to teaching. In 1986, Gerald became a full-time Award,” says Joanne. instructor in the accounting and finance program at NAIT. “Gerry was one of my favorite instructors. “Gerald was open-minded and approachable,” says His sarcastic sense of humor, combined with his Dr. Aghili. “He had an innate ability to communicate passion for accounting, made the courses interest- with others. He knew his students well, including ing and entertaining while we worked through the details about their challenges and struggles both material,” says one of his former students, Joanne inside and outside of the classroom—and he often Belliveau ca, who is now a full-time accounting provided guidance on these issues and was well- Editor’s Note: instructor at NAIT herself, as well as member of known for his ‘above and beyond’ attitude.” The information gathered for this story was pro- the CAEF’s Board of Governors. “He will be missed Gerald Woudstra ca will be deeply missed, espe- vided to the CAEF by Gerald Woudstra ca in August by his students and colleagues.” cially in the academic community and by his CA 2012. The CAEF planned to write a profile on Gerald, The extent of Gerald’s impact didn’t end there. colleagues. The impact of the significant contribu- which focused on his recent 2011 CAEF Teaching He continued to share his talents as an instructor, tions he made to education, and to the CA profes- Prize award. Sadly, Gerald passed away after the coach and mentor when he became involved with sion in Alberta as a whole, will remain evident for interview was conducted. In 2013, the CAEF is the Bachelor of Management program at Con- decades to come. establishing a scholarship in Gerald’s name.

23 Support for Post-Secondary Institutions

he Foundation encourages a wide variety of Tprojects at the university level that lead to en- hanced educational opportunities and benefits to the profession. It does this by providing operational funding to post-secondary institutions that supply the majority of CA students in Alberta.

24 CAEF 2013 Report to the Community The CAEF partners with non-traditional universities to strengthen the quality of, and access to, accounting education

Because the CAEF understands that no one across the province, the CAEF received a first-ever first-time proposal from the Mihalcheon School knows education better than educational insti- proposal from Concordia University College of of Business at Concordia University College of tutions themselves, it has developed mutually Alberta, and a second-time request from Atha- Alberta to support the addition and development beneficial, annual partnership opportunities for basca University. The applications received from of curricular content to the Audit Theory and Ap- degree-granting institutions in Alberta through these two institutions exemplify the quality of plication course offered through the Bachelor of its Innovations in Accounting Education Fund. projects the CAEF has been able to fund through Management degree program. Concordia believes This annual support program provides funding to its Innovations in Accounting Education Fund. that the CAEF’s support is invaluable and will a wide variety of projects at the university level make it possible for the Bachelor of Management In 2011, the Foundation supported a first-time and leads to enhanced education opportunities program to continue its effort to enhance the request for funding to enhance the learning en- and benefits to the CA profession. deliverables, public profile and market desirabil- vironment for a CASB-required course at Atha- ity of its accounting emphasis and course offer- Traditionally, the Foundation has provided funding basca University during the 2011/12 academic ings, which would, in turn, yield higher enrollment to support accounting education programs at the year. Funding was used to create mini-lectures in their accounting-focused courses—and likely universities which supply the majority of entrants to and interactive spreadsheet files so that students translate into higher numbers of candidates for the CA program in Alberta—University of Alberta, could interact with and practice key concepts, the CA program. University of Calgary, University of Lethbridge and principles and methods for which students have University of Saskatchewan. This funding is con- historically required additional help. The univer- “The Foundation strongly believes that students tingent on annual funding applications from each sity is continuing to provide added value to its across the province should have access to the university and approval from the CAEF’s Board current curriculum through their second annual highest quality of accounting and business educa- of Governors. The Board’s decisions are based on funding request, which was approved by the Board tion. We are very excited to have an opportunity each proposal’s demonstrated commitment to sup- in 2012. This proposal’s aim was to secure the funds to expand our Innovations in Accounting Educa- porting the Foundation’s strategic goals, advancing needed to enhance course material presentation tion Fund support to other institutions offering the quality of business (specifically accounting) and delivery of Athabasca’s Finance 401: Invest- CASB-recognized degrees,” says Bob Twerdun fca, education, enhancing the academic strengths of the ment Course—enhancements that the university Chair of the Foundation’s Board of Governors. school and enriching students’ learning experiences. believes will create additional value for the CAEF, “We encourage all of the qualified post-secondary the CA School of Business (CASB) and students institutions to submit annual funding proposals In 2012, the CAEF was able to extend this support at Athabasca University. and it was rewarding to see new applications on further than ever before. In addition to the funding the table this year.” proposals received from traditional universities Additionally, in 2012 the CAEF also received a

25 In Review:

CAEF Board Chair, Bob Twerdun fca (far right), and his Team of golfers enjoying the Playing it Forward tournament team at the Playing It Forward golf tournament. at McKenzie Meadows Golf Club in Calgary.

Forward Thinkers campaign promotional card, Steve Allan fca (far right), Honourary Chair of the Paying it CAEF Teaching Prize recipients pose with CAEF Board in support of Paying it Forward, launched at a Forward campaign, poses with tournament organizers on the Members at the 2012 Conference for Academics. recent CA Family Day. morning of the Playing it Forward golf tournament.

26 CAEF 2013 Report to the Community Photos from CAEF events

Panelists prepare for “Success in the classroom… Golfers test their skills at the CAEF marshmallow Honourary Paying it Forward campaign Chair, Steve Allan fca, Success in the Boardroom” discussion at the 2012 CAEF chipping contest hole on CA Golf Day (Red Tail address the crowd during dinner at the CA Golf Day event. Conference for Academics (Red Deer). Landing Golf Club in Edmonton—2012).

CA grads getting their photos taken in front of a unique, custom-designed photo booth at the CA graduation balls in Jane Halford fca (far right) celebrating the launch of Edmonton and Calgary in 2012. All proceeds from this initiative The Money Project with CAEF staff members. went towards the Paying it Forward fundraising campaign.

Some of the youngest members of CA families were provided with CAEF piggy banks at CA Family Day, with the hopes of encouraging them to take an interest in saving money. 27 How the Chartered Accountants Education Foundation of Alberta supported business education in 2012/13

Post-secondary institutions $189,650 operational spending

Post-secondary institutions $42,900 capital or endowments Total support in 2012/13 PhD support and teaching prizes $133,880 $543,893 Student awards, scholarships $71,890 and bursaries

Academic conference $77,073

Fund development $28,500

28 CAEF 2013 Report to the Community 30 years of the CAEF supporting business and accounting education in Alberta Chartered Accountants Education Foundation of Alberta 580 Manulife Place, 10180-101 Street Edmonton, AB T5J 4R2 www.CAEFalberta.ca