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UND Accountancy:

Excellence beyond the numbers

Meet David Thunderhawk and Bryan Lundbohm: page 14

Summer 2011

Excellence Beyond the Numbers Welcome to the Department of Accountancy’s Alumni Magazine. The theme of this issue is “Excellence Beyond the Numbers.” As you read the articles, I am convinced you will understand why I chose this particular theme. Our graduates have achieved distinction in a wide range of fields. As a result, the process for selecting featured alumni was very difficult. Highlights are the biographies of our inaugural inductees into the Department of Accountancy’s newly formed Accounting Hall of Fame. All four are renowned for their professional accomplishments over the last 40 years. They are: John Berg, retired partner with PricewaterhouseCoopers (deceased); Henry Herr, retired founding investor of Healthways, Inc. and AmSurg Corporation; Rich Peters, retired former vice president & director of Worldwide Audit with Cargill; and Darold Rath, retired former managing partner with Eide Bailly LLP The following is a quick summary of their accomplishments: • The formation of a professional services resource network that resulted in a collaboration between agriculture and CPAs. • A pioneer in the use of Dale Carnegie training within an accounting firm. • The development of innovative healthcare delivery system programs. • A participant in a new venture startup of a healthcare organization designed to perform high-quality, low-cost surgery services that now has over 200 surgery centers in 39 states. • A mentor to small entrepreneurial firms as they grew into successful large public and private corporations. • Recognition as an avid car collector and photographer. • Cargill’s vice president and controller for Latin America. On Friday, Oct. 21, 2011, we will hold an induction ceremony to honor these individuals and their accomplishments. The ceremony will be held in conjunction with our Homecoming Alumni Reunion from 6 to 9:30 p.m., Alerus Center, Meeting Rooms #8 and #9/Cardinal & Hummingbird, Grand Forks. Our younger alumni have maintained the standard of excellence established by our four Hall of Fame inductees. Recently, Devin Claus earned two national championships in accounting-related competitions. As highlighted elsewhere in the magazine, our student/alumni performance on the CPA exam has consistently been among the best in the nation. As you read what our student organizations have done in community service, you will find that the theme “Excellence Beyond the Numbers” is not only representative of our alumni but also an apt description of our current students. You’ll meet two who grace our cover: David Thunderhawk, who originally graduated from UND with a degree in fine arts and is now working on a second undergraduate degree in accounting. Bryan Lundbohm came to UND on a hockey scholarship, played professional hockey, and has returned to UND to finish his accounting degree. The loyalty of our alumni allows our faculty to continue to provide one of the best, most ethical, well-rounded educations possible in the country. Steven J. Carlson Professor of Accountancy Chair, Department of Accountancy

On the Cover David Thunderhawk, a successful artist, is earning a second degree in accountancy, and Bryan Lundbohm has returned to the major after playing professional hockey. Accountancy is published by the University of North Dakota Accountancy Department, with production assistance from the Office of University Relations, Peter Johnson, Executive Associate Vice President for University Relations. Editorial Management by Jan Orvik, layout and design by Jessica Peterson, photography and preparation of submitted photos by Jackie Lorentz. Content may be reprinted without prior permission for noncommercial purposes. If you have questions or comments, call 701.777.2731, or e-mail To reach UND’s main recruiting arm, phone 1-800-CALL-UND (225-5863). The University of North Dakota is an equal opportunity/affirmative action institution. THE UNIVERSITY OF



The Inaugural Accounting

The newly formed Accounting Hall of Fame recognizes remarkable graduates. Because we have such high-achieving alumni, it was very difficult to narrow an extensive list to just four individuals. The selection committee included Ken Hansen, Mary Loyland, Harold Wilde, and Steve Carlson. Criteria include career achievements as well as service and/or financial assistance provided to the University. The induction ceremony, which will be part of Homecoming, is set for Friday, October 21, at the Alerus Center.

John C. Berg Bachelor of Science in Business Administration with a major in Accounting, 1975 Master of Science in Accounting, 1977 Senior Partner, PricewaterhouseCoopers (Deceased 2005) John Berg joined the Minneapolis office of Coopers and Lybrand, an accounting and consulting firm, after graduation. Named partner in 1988, he focused on small and emerging businesses. He continued as a partner when the firm merged with PricewaterhouseCoopers in 1998. Often referred to as everyone’s favorite auditor, he was considered a guiding force for many of the region’s leading businesses. He personally advised executives as their companies grew from small entrepreneurial firms to large, successful public and private enterprises. Education was important to John, an active UND supporter. He took a special interest in the Department of Accountancy and the College of Business and Public Administration. He tirelessly recruited UND’s accounting majors and often spoke at Beta Alpha Psi events. He loved mentoring and setting examples, even though he kept a low profile and left the spotlight to others. Born in Grand Forks, John attended school in East Grand Forks, Minn., and learned about business while working at his father’s Ford dealership, Red River Motors. He was active in his church, an avid

car collector, and an energetic photographer. His photographs of social events are well remembered for mysteriously appearing on bulletin boards around the PwC office. His car collection included a 1957 Ford Thunderbird, a 1968 Mustang, a 1972 Mach 1, and his very first car, a red 1956 Chevrolet. Above all, John’s family was most important to him. He married Carol in 1989, and they had two daughters who enjoyed going to the office with him on Saturday mornings. With family, colleagues, and friends at his side, he passed away in 2005 after a brief illness. He is survived by his wife and daughters, Gretchen, 14, and Meghan, 12. In memory and honor of John and his accomplishments, the Department of Accountancy office suite bears his name. The John C. Berg Memorial Accounting Scholarship Endowment has also been established within the UND Foundation. Both memorials are supported by the generosity of Carol Berg and many of John’s associates, colleagues, and friends.

Summer 2011 | The University of North Dakota


Hall of fame

Henry D. Herr Bachelor of Science in Business Administration with a major in Accounting, 1968 Master of Science in Accounting, 1971 Monteagle, Tenn. A retired executive with 40 years of experience in healthcare finance and service delivery, Henry Herr was born and raised in Bismarck, N.D. After earning his bachelor’s degree, he served in the U.S. Army’s 4th Infantry Division in Vietnam, where he was awarded the Bronze Star. He returned to UND to earn his graduate degree, and served as a graduate teaching assistant in the Department of Accountancy. In 1971, Henry began working with the national public accounting firm Arthur Young & Company in Portland, Ore., and Birmingham, Ala., first as an auditor and then as a management consultant specializing in healthcare finance. He later joined a large proprietary hospital ownership company as division controller and then corporate controller. He has held CPA certificates from North Dakota, Oregon, and Alabama. He helped found and manage Healthways, Inc., in 1981. Funded with venture capital, Healthways pursued niche markets in the healthcare service industry. It has developed innovative services that focus on reducing costs and promoting health maintenance and disease prevention. Publicly traded on NASDAQ since 1991, Healthways serves individuals through health plans, employers, and governments in the United States and the world. Henry served as CFO from its founding until he retired in 2001, and was on the Board of Directors until 2009. As CFO, he was responsible for raising capital; directing investor relations; leading acquisitions; and managing the legal, regulatory, and compliance programs of Healthways.

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In 1992, Henry participated in the startup of AmSurg Corp., a majority-owned subsidiary of Healthways that focused on developing single-specialty ambulatory surgery centers that performed high-quality, low-cost surgery. Today, AmSurg is the leading ambulatory surgery provider in the nation, with more than 200 centers, and is publicly traded on NASDAQ. Henry served as CFO of both AmSurg and Healthways from 1992 to 1994. Healthways spun off AmSurg to shareholders in 1997, and Henry has served on the Board of Directors of Amsurg since its founding. He also serves as chairman of the Nominating and Corporate Governance Committee and on the Audit Committee. Henry considers his UND experience pivotal to his success. “The preparation I received at UND enabled me to compete and collaborate very effectively with graduates of other, more ‘prestigious’ schools. In particular, the faculty of the Department of Accountancy was instrumental in readying me for the challenges and opportunities that I would initially encounter in my career. When I visit with students and faculty in the Department of Accountancy today, I feel the same intense focus and the same traditions that were so beneficial for me. I feel fortunate in being able to support the University and the Accounting Department in continuing their long history of providing excellent preparation for their students.” Henry and Judee Herr have been married for 38 years, and have spent the last 33 years in Tennessee. They have two grown children and one grandchild.

Hall of fame

Richard J. Peters Bachelor of Science in Business Administration with a major in Accounting, 1969 Master of Science in Accounting, 1976 Retired Vice President and Regional Controller for Latin America, Cargill Chanhassen, Minn. Richard Peters credits accounting faculty and staff for much of his success with Cargill. A Rugby native, Rich enrolled in the ROTC program at UND while earning his undergraduate degree. After graduation, he was commissioned as a Second Lieutenant in the U.S. Air Force. During his five-year stint as an active duty pilot, he was stationed in Oklahoma, Missouri, and Colorado. After leaving the Air Force in 1974, Rich enrolled at UND, where he planned to major in aviation. However, after visiting with accounting professor DuWayne Wacker in Gamble Hall, he was convinced to pursue his master’s in accounting. Wacker and Lyle Steinmeier were instrumental in helping him begin the program, obtain a graduate teaching assistantship, and earn his degree. He also appreciated the support of Rodney Medalen, Louie Kulas, and Stu Lundberg. Rich began working in the International Accounting group at Cargill in 1976. During his 30-year career, he was involved in product lines that included sugar, molasses, steel trading, metal trading, electronics, corn milling, and foreign exchange trading. His positions included: • Chief of International Accounting (1976-81) • Accounting Manager and then Controller for C. Tennant & Son, a Cargill subsidiary (1981-87) • Worldwide Controller for Cargill Seed Operations (1987-91)

• Vice President and Regional Controller for Europe in London (1991-94) • Controller for Corn Milling Operations in North and South America (1994-98) • Vice President and Director of Corporate Audit (1998-2002) • Vice President and Regional Controller for Latin America from 2002 until his retirement on Jan. 1, 2006. This variety of positions and responsibilities required Rich to work with individuals whose expertise was often not in finance. “Commodity traders, engineers, and research personnel often do not want to hear about accounting rules, but do want to understand the logic behind the rules,” he said. The ability to explain the logic of the rules “helps to make accounting changes in organizations that are very resistant to such changes.” Rich appreciates all the benefits he received from UND, and has provided ongoing support to UND’s accounting program both while at Cargill and after retirement. He made annual recruiting trips to Grand Forks and gave presentations to UND students in both Grand Forks and London. In addition to donating his time, Rich has established an endowment that provides annual scholarships to students in the accounting master’s program. Rich and his wife Eunice live in Chanhassen, Minn. They have two adult children and four grandchildren.

Summer 2011 | The University of North Dakota


Hall of fame

Darold Rath Bachelor of Science in Business Administration with a major in Accounting, 1967 Retired CEO, Eide Bailly LLP Fargo, N.D. Darold Rath led Eide Bailly LLP from $5 million in revenues in 1982 to $84 million in 2006, when he retired as CEO. Under his leadership, Eide Bailly became a Top 25 CPA firm. A native of Pettibone, N.D., Darold served four years in the U.S. Navy after high school, and then enrolled at UND after his honorable discharge in 1963. He joined Eide, Helmeke, Boelz & Pasch as a staff accountant in 1967. Promoted to partner in 1974, he was named Managing Partner/CEO in 1982. The firm merged with the Charles Bailly firm in 1998, becoming Eide Bailly LLP, with 19 offices in nine states in the mid-central United States. Darold’s business model, still in use today, helped the firm grow from 24 partners/principals and 162 staff members to 168 partners/principals and 1,200 staff. His vision led to diversification into financial services, technology solutions, fraud-related services, and lifelong learning. While with Eide Bailly, Darold was instrumental in helping shape the accounting profession. He was particularly adept at building resource networks with other firms that enabled their professionals to collaborate and bring more breadth and depth of services to clients. These resource networks included Morning Star Tribal Services, Ag Exchange, STAR Group (Success Through Alliances and Retreats), and Practicewise. Darold has received numerous awards, including the Boss of the Year Award in 1994 from what is now the International Association of Administrative Professionals, the 2003

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North Dakota Business Innovator of the Year Award from the UND Center for Innovation, and the Sioux Award in 2006 from UND’s Alumni Association. Darold’s commitment to promoting lifelong learning resulted in the formation of two highly successful programs. The twoyear Eide Bailly Leadership Training Program is designed to accelerate the growth and development of senior managers and partners. Darold also developed the blueprint for the firm’s training department, which provides lifelong learning opportunities to employees and clients. Eide Bailly was the first CPA firm in the country to offer Dale Carnegie Training. Darold has always believed in giving back to the community. His causes include: Boy Scouts, American Red Cross, naming a UND Eide Bailly Classroom, NDSU College of Business, American Diabetes Association, Chamber of Commerce, Salvation Army, Moorhead State University, Hope Lutheran Church, Wellspring for the World, pro bono consulting work for struggling businesses in the region, service on several local business boards, University of North Dakota Alumni Association, and the University of North Dakota Foundation Board of Directors. Darold and his wife Lyla (Sandberg) were married in 1964, and have two grown children. Daughter Stephanie (UND ’88) is married to Mark Herbranson (UND ’88). Darold and Lyla’s son, Mitchell, also lives in Fargo.

Jon Friese Bachelor of Accountancy, 1996 Partner, PricewaterhouseCoopers Maple Grove, Minn. Throughout his career, Jon Friese has worked with multinational and domestic companies, both public and private. Much of his focus has been with companies in the manufacturing, retail and consumer, and private equity sectors. Jon provides guidance to clients on accounting and financial reporting requirements, operational improvements, and structuring business transactions. He also works closely with the firm’s tax and consulting professionals to provide a wide range of services to his clients. He joined the audit practice of PricewaterhouseCoopers in Minneapolis after graduation and spent three years there. He and his wife, Alison, also a UND graduate, moved to southern California, where he joined the Los Angeles office of PwC. After six years of enjoying 70-degree winters without snow, he was asked to join the firm’s national office outside New York City. He spent two years as a subject matter expert in accounting for business combinations and stock compensation. In 2007, Jon moved back to the Minneapolis office, and was named a partner in 2009.

Accounting Alumni

Giving back to the community is one of Jon’s passions. He has been heavily involved in developing and implementing PwC’s Minneapolis office strategy for community involvement. He has led volunteer activities that include an event attended by nearly 250 of the firm’s employees that won the 2010 award for Best Caring Connection Project from the Greater Twin Cities United Way. He has also led the Minneapolis office United Way campaign. A board member of Bridging, a non-profit organization that provides families transitioning out of homelessness and poverty with a one-time gift of quality furniture and household goods, Jon’s giving focuses on entities that help families and children in need. The accounting program at UND is also important to Jon, who serves as PwC’s lead relationship partner with the University. He frequently visits campus to meet with faculty and recruit students; there are currently about 50 alumni working for the firm. He serves on the Department of Accountancy’s Alumni Advisory Board. A native of Glasgow, Mont., Jon is married to Alison (Nesemeier), who earned an education degree from UND. They have two sons.

Brent Kukla Bachelor of Accountancy, 1996 Partner, Ernst & Young LLP Minneapolis, Minn. Brent Kukla works with many of Ernst & Young’s largest U.S. and global clients, focusing on banking and capital markets. He serves as a liaison with bank regulatory agencies, and addresses emerging accounting and reporting matters as a member of the firm’s banking and capital markets working group. A native of Scranton, N.D., Brent joined Ernst & Young in 1996, and was promoted to partner in 2010. He has served in the assurance practice for more than 13 years in multiple locations, including Minneapolis (twice), Washington, D.C., and New York City. In 2003, he took a brief hiatus from public accounting to serve as a fellow in the Office of the Chief Accountant of the Comptroller of the Currency (OCC). During his fellowship, he assisted the OCC in the formulation of bank supervision policy and capital standards for the financial institutions supervised by the OCC. He also worked with various task forces of the Basel Committee in addressing bank supervisory matters. Upon completing his fellowship, Brent rejoined E&Y and served as a resident for three years in E&Y’s National Professional Practice Group in New York City, where he was regarded as a subject matter specialist and consultation

resource on various banking industry and financial instrument topics. A member of E&Y’s Minneapolis Inclusiveness Committee, he serves in a leadership role in developing the office’s strategies around diversity, inclusiveness and workplace flexibility. He also has a leadership role with the office’s people and career development processes and frequently serves as an instructor in educational programs. He has been involved in a number of volunteer and community outreach programs, including Junior Achievement and the Minnesota Food Emergency Shelter. While living in New York, he was a guest lecturer for the accounting department at Baruch College. He and his wife, Heather (Johnson), who is also a graduate of UND’s accounting program, reside in Eden Prairie, Minn., with their three sons.

Summer 2011 | The University of North Dakota


Sara (Srock) Lord Bachelor of Accountancy, 1998 Partner, Boulay, Heutmaker, Zibell & Co. Brooklyn Park, Minn. Sara Lord enjoys advising clients through business transactions that include mergers and acquisitions, debt reorganizations, and ownership transitions. She works with companies from the start-up level to those raising money through IPOs, and provides them with general business counsel. Sara joined Boulay in 2009, where she split her time between technical accounting and auditing consultations and serving as an engagement and concurring partner for SEC and private companies. A Minot native, she interned with Deloitte & Touche as well as the UND Housing Office, and joined Deloitte & Touche as an audit associate. She spent three years in the audit department, where she served public and private clients in mortgage banking, manufacturing, energy, and financial services. Sara transferred to the national office in Connecticut in 2001, where she took part in the firm’s management development program and consulted on independence and accounting issues. She reviewed SEC filings of restated financial statements and worked with

engagement teams to assist clients through the restatement process. She also participated in a professional ethics task force of the AICPA, and then returned to the Minneapolis audit department in 2003. In 2004, Sara rejoined the national office, telecommuting from Minneapolis, and spent the next two years writing and implementing Deloitte’s audit approach. She began working for Deloitte’s global office in 2006, where she prepared policy papers and coordinated with global accounting firms and investor groups on issues that included fair value accounting, international accounting and auditing standards adoption, as well as transparency in financial reporting by companies and auditing firms. Sara spoke at UND’s Hultberg Lectureship in 2005 and serves on the Accounting Advisory Board. “Twelve years into my career in public accounting, I fondly recall a conversation with Professor Rodney Medalen during my junior year, when he encouraged me to give public accounting a try because he thought I might like it.” Active with the Food Allergy Support Group of Minnesota as board treasurer, she serves as a catechist in her church, and volunteers at her children’s school. She and her husband, Joshua (Marketing, 1998), have three children.

Joel Thomsen Bachelor of Accountancy, 1990 Executive Vice President, Trust and Investment Division, State Bank & Trust Fargo, N.D. Born in Marshall, Minn., and raised in Perham, Joel Thomsen has lived all over the nation. He has worked on the national level to bring more uniformity to licensing and financial regulation of insurance companies, and has spoken all over the nation and region on insurance regulation, investment accounting, and enterprise risk management. He began his career in Minneapolis at the “Big 4” accounting firm of KPMG, where he earned his CPA. He moved to Texas to help care for his terminally ill brother and began a consulting firm, where he worked with the government to shut down fraudulent insurance companies. He did similar work in Louisiana, where several colleagues and politicians were indicted for money laundering, bribery, and racketeering. Chief examiner for the Maine Bureau of Insurance, he earned his Certified Financial Examiner designation in 1998, and his Accredited Insurance Examiner designation in 1999. That year, he and his wife, Sherri, a Perham native, moved to California, where he founded a dot-com insurance company. Unfortunately, the company was a victim of the dotcom meltdown, and they returned to his former employer, the Maine Bureau of Insurance.

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Joel joined Fargo-based Eide Bailly in 2003, and was later named a partner and director of their nationwide insurance practice. This grew to the nation’s fifth largest audit insurance practice, and he headed Eide Bailly’s audit department. He was named to his present position in 2011, where he oversees the trust division, including compliance, risk development, and client relations in trust and asset management, retirement, and investments. Community involvement remains a priority, and he and Sherri volunteer for the Humane Society, where they have fostered more than 100 cats and 20 dogs, and introduced a pet therapy program for special-needs adults. They are also active with the American Red Cross and United Way. They live in Fargo with their two sons, and have lived in 22 homes, one built circa 1735. He enjoys painting, building, water skiing, cross-country skiing, running, and playing guitar, piano, and banjo.

Sarah (Stanford) Nielsen Vice President and CFO, Winnebago Industries Bachelor of Science in Accounting, 1995 Clear Lake, Iowa Sarah Nielsen began her career in public accounting with Deloitte & Touche LLP in Minneapolis, and spent 10 years auditing multi-national and domestic clients in manufacturing, transportation, leasing, and consumer business industries. She advanced to audit senior manager and became an expert in Generally Accepted Accounting Principles and Securities and Exchange Commission financial reporting, Section 404 Sarbanes-Oxley requirements, and PCAOB standards. She also developed strong presentation skills through teaching at national and local offices and presenting on college campuses, including Beta Alpha Psi presentations at UND to recruit new employees. In 1998, she joined the Deloitte & Touche audit team for Winnebago Industries, Inc., a leading recreational vehicle manufacturer, and developed a deep respect for the company and employees. Although not looking to leave public accounting, when the chief financial officer at Winnebago began actively recruiting Sarah for this position, she interviewed for the job and was hired in August 2005. That

November, she was officially appointed as vice president and CFO by the Board of Directors. She is responsible for accounting, treasury, internal controls, and purchasing. She’s also active in investor relations and travels around the United States and Canada with the CEO and investor relations manager to meet with shareholders and investors and to present at conferences sponsored by analysts who provide coverage of Winnebago Industries. Sarah tackles difficult accounting issues when she certifies Winnebago’s quarterly financial statements and ensures that all transactions comply with GAAP and SEC requirements. In the past five years, Winnebago has adopted numerous accounting standards, repurchased stock, paid dividends, held investments in auction rate securities as that market essentially collapsed, negotiated and entered into a new line of credit agreement, filed a shelf registration statement, idled facilities, survived an unprecedented industry recession, and completed an acquisition. A CPA licensed in Iowa, Sarah is a member of the Iowa Society of CPAs and CFO Summit organizations. She presented at the 2007 Hultberg Lectureship at UND. She and her husband, Wade (a 1994 alumnus of the College of Business and Public Administration), have two children. They enjoy an annual camping trip in a Winnebago over Labor Day weekend with extended family. “It isn’t roughing it,” Sarah says, “but it’s so much fun!”

Jeff Gendreau Bachelor of Business Administration with a major in Accounting, 1990 Partner and Regional Assurance Practice Leader, Baker Tilly Virchow Krause Andover, Minn. Jeff Gendreau remains actively involved with UND, and serves on the College of Business and Public Administration Alumni Advisory Board and the Accountancy Alumni Advisory Board. After the 1997 Flood, he helped raise nearly $750,000 to reconstruct the Kappa Sigma fraternity house. He also led the effort to raise nearly $75,000 to renovate an Accountancy classroom in Gamble Hall. He received the Young Alumni Leadership Award in 2006. A Dickinson native, Jeff joined Deloitte & Touche LLP in Minneapolis after graduation. He joined Baker Tilly Virchow Krause, LLP, a top-20 firm headquartered in Chicago, in 2006. He currently leads the assurance practice in their Minneapolis office. As Regional Assurance Practice Leader, he is responsible for quality assurance, technical training and development, analyzing and interpreting new accounting and auditing standards, and leading the growth of the company’s assurance practice in the Upper Midwest. He was appointed to the AICPA National Peer Review Committee in 2010. Jeff has served public and private companies from start-

ups to Fortune 100 businesses, and has consulted on strategic planning, bankruptcy, mergers and acquisitions, financial statement restatements, and public and private offerings of debt and equity securities. Industries in which he’s worked include health care, energy, real estate, and construction. For the past 25 years, Jeff has served as dean of counselors for the North Dakota American Legion Boys State Program in Wahpeton. He serves as president of the Minnesota Chapter of the Healthcare Financial Management Association and trustee and chair of the finance committee for the Church of St. Patrick in Oak Grove, Minn. Jeff and his wife, Cathy (LaLonde, ’89), have two children. His interests include downhill skiing, reading, and keeping up with an active family, which revolves around the sidelines of soccer fields and swimming pools.

Summer 2011 | The University of North Dakota


Devin Claus Bachelor of Accountancy, 2010 Audit Assistant, Deloitte & Touche LLP Eden Prairie, Minn. While he was at UND, Devin Claus earned multiple accounting-related national championships, and was one of our most successful undergraduates. Devin was active in Phi Beta Lambda (PBL), the collegiate division of Future Business Leaders of America (FBLA). The organization’s mission is to interweave business and education through innovative leadership and career development programs. Devin served as chapter president and North Dakota PBL president, and represented UND at national leadership conferences in Chicago (2007), Atlanta (2008, first in Accounting Principles), Anaheim (2009), and Nashville (2010, first in Accounting for Professionals). He was also involved in Beta

Gamma Sigma, the Accounting Club, Student Ambassadors, Beta Alpha Psi, and worked for Internal Auditing at UND. Since joining Deloitte & Touche LLP, Devin has worked with clients in manufacturing, logistics, consumer goods, and professional sports teams. He is a member of United Way Emerging Leaders and serves on the Deloitte Premier Student Program planning committee, a summer leadership program for college students interested in working for Deloitte. He is a member of St. Andrew’s Lutheran Church in Eden Prairie. Devin grew up on a farm near Enderlin, N.D., where he learned the value of hard work and determination. Since the age of 5 when Devin’s grandfather gave him a briefcase, he wanted to be a businessman. When he was 10, he opened “Devin’s Sno-cones,” which he operated throughout school. He sold sno-cones at auction sales and the Sheyenne River Speedway in Lisbon in conjunction with his family’s catering service, S&M Roadside.

Kevin Moug Bachelor of Science in Business Administration with a major in Accounting, 1981 CFO, Otter Tail Corp. Fargo, N.D. Kevin Moug believes in giving back. He serves on the Advisory Board of U.S. Bank in Fargo and the West Region Board of Directors of Essentia Health. At UND, he is on the Advisory Board for the College of Business and Public Administration and the Accountancy Advisory Board. His service in Fargo includes six years on the Board of Directors for the regional Red Cross Chapter, past president of the Fargo Country Club, and service on the Daily Bread Advisory Board. In Minneapolis, he served on the Board and Small Business Council of the TwinWest Chamber of Commerce and Board of Directors for the Lupus Foundation of the Twin Cities. A Bismarck native, Kevin began his career at Touche Ross, now Deloitte & Touche, where he specialized in business planning, SEC reporting, mergers and acquisitions, and equity financing. A highlight was helping start a new office in the Twin Cities. “It was a unique experience early in my career to get involved in the community and help grow the practice,” he said. He was named the CFO of Advance Dental Management, one of his audit clients, where he managed the banking, treasury, purchasing, human resources, and corporate accounting of 22 dental offices, a dental laboratory, real estate, and a dental insurance plan. He used many of those skills when he was tapped to draft a confidential sale

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memorandum and advise the owner on selling the business. He joined Otter Tail Corp. in 1996, and was integral in helping diversify and grow the company from $362 million in 1996 to $1.1 billion in 2010. The corporation has interests in electric utility and energy services, wind energy and transportation, health services, food ingredient processing, and infrastructure businesses that include manufacturing, construction, and plastics. As CFO, he directs the corporate services for treasury, accounting, tax and external reporting, investor relations, financial planning, information technology, sourcing, internal audit and business risk management and acquisition evaluations. He is a member of the American Institute of Certified Public Accountants. “My four years at UND were very rewarding,” said Kevin. “A great college environment, professors who cared about students, and opportunities to learn and grow as a young adult. I will always hold those memories close.” Kevin and his wife Jeanne have two daughters.

Nancy Zmyslinski Bachelor of Science in Business Administration with a major in Accounting, 1980 Deputy Director for Strategy and Support, Defense Finance and Accounting Service, Department of Defense Columbus, Ohio Nancy Zmyslinski began working for the Department of Defense after graduation. She currently works for the Defense Finance and Accounting Service (DFAS), which provides finance and accounting support to the Department of Defense, and is a $1.6 billion operation spread across 10 geographic locations. This includes accounting and financial reporting; payroll for military services, DoD civilians and retirees; and vendor pay. All corporate organizations, such as CFO/Resource Management, CIO/Information & Technology, Human Resources, Corporate Communication, etc., report to her. Before moving to her current position, she was the DFAS Deputy Director for Strategic Business Management, where she developed strategy and led business activities and initiatives. As Columbus Center Director, she oversaw more than 3,000 employees in accounts payable and receivable, contract pay, travel pay accounting, and disbursing. She also supported the Air Force and more than 28 defense agencies as both the Air Force Client Executive and the Defense Agencies Client Executive. Nancy’s career accomplishments are significant. They include: • Developed the FY 2010-2015 (and 2011-2016) DFAS Strategy, which resulted in the first ever DFAS Strategic Map, a one-page layout of the DFAS strategy that made it real for all employees.

• Partnered with the Military Services and Defense Agencies to implement Enterprise Resource Planning, which resulted in comprehensive support to DFAS and its customers. • Established the DFAS Center of Excellence for Acquisition Accounting, and successfully led Base Realignment and Closure workload migration with no degradation to customer service. • Worked with DFAS, Defense Contract Audit Agency, and Defense Commissary Agency to obtain clean audit opinions for all three agencies. • One of the primary architects of the DFAS Leaders in Motion Program, a best-in-federal-government program that actively recruits top-quality college graduates and then robustly trains them through rotational assignments to become the next generation of DFAS leadership. Born and raised in North Dakota, Nancy has ties to Fargo, where her parents (UND alum Jim and Shirley Rinde) and daughter live. She will soon celebrate her 30th anniversary with husband Tom Zmyslinski. She will earn her MBA in Public Administration at the Ohio Dominican University in December. A Certified Government Financial Manager and a 2008 Presidential Rank Award winner, she is a current member of both the UND Accounting Advisory Board and the ODU Accounting Board of Advisors. She continues to recruit at UND and has brought a number of UND grads to DFAS offices in Columbus, Ohio, and Indianapolis. She was a speaker at the 2002 UND Hultberg Lectureship.

Michelle Belbas Bachelor of Accountancy, 2008 Lactic Acid Accountant, Cargill Corn Milling, Blair, Neb. Cargill has given Michelle Belbas more than a job. She’s developed professional relationships through networking, volunteer service activities, and unique experiences, and she enjoys mentoring recent college grads who are new employees. While working at a Dayton, Ohio, wet corn mill, she was invited to tour a Cargill salt mine in Cleveland. “It goes a mile down and several miles out under Lake Erie. That was an intimidating elevator ride.” Michelle discovered she loved accounting during an internship at a Cargill corn milling plant in Blair, Neb., where she currently works. Besides accountancy experience, the internship provided networking opportunities; visits to grain, oil seed, and beef processing plants; and volunteer opportunities, including a Habitat for Humanity Build. She learned there’s more to accounting than journal entries and financial statements. Known as the “Excel Queen” in her current job, Michelle has embraced Cargill’s commitment to community service, and said one of the most unforgettable experiences has been a community project canoeing down the Miami River

while collecting garbage. A Grand Forks native, Michelle attended North Dakota State College of Science, where a management professor and mentor suggested she major in accounting. She transferred to UND, where she became a member of Beta Gamma Sigma and held offices in the Accounting Club and Beta Alpha Psi. She especially enjoyed service activities, including an Empty Bowl Project, partnering with Cargill to do spring cleanup at St. Vincent De Paul’s, and tutoring Accounting Principles students. After graduating, Michelle worked for Cargill in Ohio before returning to Nebraska. She is married to Andy Belbas.

Summer 2011 | The University of North Dakota


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Helping and Learning

by the ton


elping people makes Brianna Scheving smile. And Mary Loyland likes to make things happen. Together, they’re helping feed hungry people in Grand Forks. It began when Loyland, an associate professor of accountancy and the department’s internship coordinator, stopped in at the Salvation Army to visit Scheving, an accounting intern there. Mary noticed racks of bread donated by retailers, and asked, “Where are the potatoes? Where is the produce?” “We give what we get,” Scheving replied. Loyland, whose son grows potatoes and who helps with the potato harvest each year, went into action. She and Scheving wrote letters and visited Associated Potato Growers, a farmer-owned coop, which agreed to donate 4,000 pounds of potatoes on condition that the Salvation Army pick them up. “We can’t screw this up,” Loyland said. They brought a truck, and in just 10 minutes, were able to load two six-foot cubes – canvas bags of 2,000 pounds each, about the size of a banquet table. A few thank-yous later, they were back at the Salvation Army Corps office in Grand Forks, where staff and volunteers divided the potatoes into five-pound bags and distributed them to people at St. Vincent de Paul, St. Anne’s Guest Home, the East Grand Forks Food Shelf, and the Salvation Army. “We got the potatoes on Tuesday, and they were gone by Friday,” Scheving said. “There was a bigger need than we thought.” The project was a success, and Associated Potato Growers has agreed to contribute potatoes from August through May. Although she was nervous at the prospect of seeking donations, Scheving said it was a great experience. That’s Loyland’s goal: to ensure that interns have a good experience. As accountancy internship coordinator for the past eight years, she oversees more than 30 interns each spring and summer, and a handful in the fall. She tries to visit each intern at the workplace, and likes to keep in touch after they graduate. She’s always seeking out new internships for students, both in large cities and locally. “When I see businesspeople in Grand Forks, I say, ‘Hey, you should have an accounting intern,’” she said. “No one says yes right away, but they usually come around, and it’s fun to match the personalities of the student and employer. That’s so important.” Loyland is a dedicated networker: “It’s nice to have interaction between the University and the community,” she said. “Relationships don’t happen unless people work at them.” “I wouldn’t be where I am now without Dr. Loyland,” Scheving said. “I didn’t know I could intern with the Salvation Army – I was just working there – and she helped me get the internship. I can graduate a semester early and continue to take classes while I work.” “I love going to work each day,” said Scheving. She does receipting and accounts payable for Minot’s Salvation Army and compiles the workers compensation file and does payroll for the Grand Forks staff. “With four locations in Grand Forks and three in Minot, there’s a lot to do,” she said. The East Grand Forks, Minn. senior is doublemajoring in Accountancy and Managerial Finance and Accounting, and hopes to work in the audit section of a public accounting firm after she graduates in December. And wherever she ends up, she says she will always give back. “I like helping.”

Summer 2011 | The University of North Dakota


Accounting Students

Bryan Lundbohm Accounting Major Roseau, Minn. Not many people take a break from school to play hockey. In the case of Bryan Lundbohm, it was a 10year break. A member of the Fighting Sioux hockey team from 1998 to 2001, he was part of the NCAA Division I championship team in 2000. During his 10-year career as a professional hockey player, Bryan traveled throughout the United States and Europe. He was associated with various NHL affiliates in the AHL, such as Milwaukee/Nashville, Houston/ Minnesota, and Grand Rapids/Detroit. He also played for teams in Switzerland, Norway, Finland, and Denmark, as well as for Team USA in Germany. Bryan’s father, Michael Lundbohm, played hockey for UND from 1968 to 1972. He graduated with a Bachelor of Science in Accounting in 1972 and works as a licensed CPA with his own business in Roseau. Bryan plans to move back to Roseau to work with his father and turn the business into a family affair. “My wife and I have seen enough of big cities and the world,” Bryan said. “It’s time we try something different.” It was difficult for Bryan to juggle demanding accounting classes with the rigorous training and travel that Division I hockey demands. Today, time management is even more of a challenge. He and his wife, Misty (Social Work, 2002), have three sons. While spending time with his family is important, he’s keeping his eye on the goal: providing a high-quality life for his family after graduation. Faculty have enjoyed seeing Bryan in the halls of Gamble again. Bryan feels the same way: “I’m excited to be getting my accounting degree from one of the best accounting programs in the country. It was great to come back and see some familiar professors.”

14 Department of Accountancy Alumni Magazine

David Thunderhawk Bachelor of Fine Arts, 2004 Accounting Major Bismarck, N.D. The sub-prime mortgage crisis spurred artist David Thunderhawk to earn a second degree in accounting. With a degree in fine arts, he was considering returning to school to earn his Master of Fine Arts degree in 2007. He was accepted into several graduate programs, including the University of Minnesota, University of Wisconsin, and the University of Iowa. Before he enrolled, he began reading about the subprime financial crisis and how it could potentially create financial problems for families across the nation. With no real knowledge of business, David found it difficult to understand all the nuances surrounding the crisis, but the more he read, the more fascinated he became with how business can affect the well-being of families. “This is important. This is what I should be studying,” he thought, and enrolled in the Accounting program at UND. He believes an accounting degree would provide him with the opportunity to work in a non-art business setting, and is pursuing a Bachelor of Accountancy. Now in his second year of the program, he plans to graduate at the end of the 2011-2012 academic year. “I’m amazed by the amount of things I’ve already learned in this short time,” he said. He is a member of the academic honor society Beta Alpha Psi, and was recently awarded an Eide Bailly Scholarship for outstanding academic performance. David draws photo-realistic portraits using pen and ink, charcoal and chalk, and pastels. He will always draw in his spare time, he says. After he earned his first degree, he worked in Bismarck as an artist, and supplemented his income as a graphic designer for a sign-making business. He sold more work and became more successful, and sold several works to the UND Department of Art and Design. Those works were published in the book, Storytelling Time, co-edited by UND Art Department Chair Arthur Jones and Professor of Art Lucy Ganje. He will intern at the tax department at MDU Resources Group in Bismarck over the summer.

Students Excel at CPA Exam When it comes to passing the CPA exam, our graduates eclipse national pass rates. UND accountancy majors earned the top three scores in North Dakota during the Jan. 1 - June 30, 2010 testing period. • Andrea Eckenrode, an associate with PricewaterhouseCoopers in Minneapolis; • Brandon Kreitinger, an internal auditor with DriveTime in Phoenix; and • Stephanie Aker, who resides in Minnetonka.



rEGIONAL (without und)





















C PA e x a m s t a t s f or t he l as t t hr e e year s


Test Taken

High School

Steve Opdahl

Spring 1986

Fargo South, N.D.

Dave Eberly

Spring 1986

Minot, N.D.

Brenda Zent

Spring 1987

Mott, N.D.

John Schell

Spring 1989

Minot, N.D.

Jeff Kersten

Spring 1990

Newburg, N.D.

Kory Schimke

Fall 1990

Harvey, N.D.

Melissa Derrig

Fall 1993

Fargo North, N.D.

Chris Rohrich

Spring 2004

Fargo South, N.D.

In the last 25 years, accountancy graduates have earned the prestigious Elijah Watts Sells Award nine times. Created in 1923, the award annually recognizes the top 10 cumulative CPA exam scores nationwide. Around 75,000 to 100,000 sit for the CPA exam each year. Finishing in the top 10 is truly an outstanding achievement and indicative of the high-quality alumni we produce.

UND Gra d u a te s w h o h a v e r e c e i v ed t he E l ij a h Wa t t s S ell s Aw a r d

Summer 2011 | The University of North Dakota


Internships Experiential learning leads to success The legendary Rodney Medalen, who greatly enhanced UND’s internship program, was known for his focus on students and extensive ability to keep in contact with alumni. That tradition of excellence is ably continued today by Mary Loyland. Mentoring and coaching – by faculty, alumni, and organizations – has helped the Department of Accountancy produce some of the most sought-out graduates in the Upper Midwest. Recruiters constantly remind us that our grads are every bit as good – or better – than those from larger schools. Another reason that our students leave UND well prepared to tackle new challenges and opportunities? Extensive in-classroom experiential learning. Sophomores are grounded in Excel, and as juniors work through real-world simulation projects using Excel and Peachtree by Sage Software. In tax classes, students learn Lacerte tax software and prepare simulated tax returns. Auditing students complete projects using IDEA. Beta Alpha Phi students gain experience with the Volunteer Income Tax Assistance program. Seniors take a Contemporary Issues in Accounting class, where they analyze recent accounting pronouncements and give a formal presentation. Over the last three years, accounting majors have interned in 177 positions with 58 organizations. Nearly 40 percent of the 113 accounting graduates between May 2010 and May 2011 worked as interns. While we would like more students to intern, a rate of almost 40 percent is very respectable, considering that many of our students must work part-time to pay for school. Interns acquire skills that include preparing tax returns, filing payroll taxes, working with a Real Estate Investment Trust, preparing fiscal year budgets, auditing a construction project, reconciling bank statements, working on the Tom Petters fraud investigation, converting to a paperless billing system, reconciling cash, performing a SWOT analysis, working on a client acquisition that required comparison of strategic and marketing plans, learning procedures for handling a bank robbery, handling bid proposals for a business conference, forecasting the effects of new federal regulations on firm profitability, developing a personnel schedule to allocate employee resources a year in advance, performing an inventory audit, working on a pollution emissions control project, and creating a new local area network. Organizations which provide internship opportunities include: Alliant Tech, American State Bank of Williston, Basin Electric, Brady Martz, Cargill, Copeland Buhl,

16 Department of Accountancy Alumni Magazine

Crosstown Lounge, Dakota Textbook, Dakota Western Bank, Deloitte & Touche, DFAS, Drees, Riskey & Vallager, Ecolab, Eide Bailly, Ernst & Young, Hammer & Remer, Ideal Aerosmith, KPMG, Liberty Tax, McGladrey, McKenna & Associates, MDU Resources, Medora Foundation, Mendota Insurance, Microsoft, Minot Air Force Base, North Dakota Museum of Art, North Dakota Tax Department, North Star Telecom, Opp Construction, Otter Tail Corporation, PricewaterhouseCoopers, Regis Corporation, S & S Transport, Salvation Army, Security Bank of Wisconsin, Simonson Gas, UND Accounting Services, UND Aerospace, UND Alumni, UND Athletics, UND Counseling Center, UND Finance and Operations, UND Foundation, UND Housing, UND Internal Auditing, UND Student Government, UND Traffic, UND Wellness Center, US Hockey League, Valley City Bank, and Wenger CPA of Madison, Wis.

Student INterns say

“I learned time management and to keep a to-do list … I was never just working on one or two things at once; I usually had five or six going.” “First thing I learned was the importance of questions.” “I learned the importance of good coaching.” “I have learned how large firms can use teamwork to get different offices to work together.” “A stressful afternoon the other day taught me it is okay to just take a 10-minute break and calm yourself because it is very easy to get frustrated quickly.” “I learned about the professional work environment. I learned how to work with other people. I improved my communication skills.”

Student organizations offer


From bowling socials to community service, student organizations offer both social and professional opportunities. The Accounting Club, led by Donna Altepeter, is open to all pre-accounting students and majors. Beta Alpha Psi, an international honorary academic society, encourages and recognizes scholastic and professional accounting excellence. A cco un t ing C l ub

B eta Al pha P si

The very successful fall bowling social with recruiters lets students and professionals get acquainted without pressure, and a student field trip to Minneapolis yields an office visit with a different public accounting firm each spring. Cosponsored by both clubs, this popular outing also gives students an opportunity to visit industry. Previous visits include the Alliant Tech ammunition plant in Blaine, Summit Brewing in St. Paul, ST Specialty Foods in Brooklyn Park, SuperValu, Ecolab, the Federal Reserve Bank, and a tour of Target Field, the new Twins ballpark. The ballpark tour included a rare behind-the-scenes tour of the visitors’ locker room and training facilities.

Members of BAP give 50 to 60 hours of community service each academic year, and UND has been nationally recognized as a Superior Chapter and twice named a Distinguished Chapter in the last three years. Projects include cleaning up after UND’s French Fry Feed every fall, volunteer income tax assistance in conjunction with Law School students, food drive with Cargill, fundraising for Haiti, Big Event with Cargill, tutoring Principles of Accounting students, and helping Fargo fight the 2009 flood. Along with community service, students attend presentations by accounting professionals on topics that include ethics, professional behavior, transitioning to the workplace, and industry careers.

B et a A lpha Psi Offi cers

L to R: Jessica Wittwer, Dhiren Sarin, Jolene Aho Courtney Heath, Aletha Orwick and John Hoffarth

Alumni Advisory Board

Supports Students Interaction between alumni and students is priceless – for both students and alums. Students benefit from the expertise and experience of alumni, and our alums enjoy coming back, recruiting, and visiting with faculty and staff. Our alumni are more than generous with their time and resources. The Accountancy Alumni Advisory Board, which formed in April 2010, focuses on helping students prepare for accounting careers, ensures positive alumni relations, and provides educational opportunities, financial support for the department and students, and career opportunities. In just one year, this has resulted in a Career Fair, presentations that provided advice concerning careers and solving ethical problems, mock interviews, and more – all stemming from Advisory Board recommendations and ideas. At the Accountancy Career Fair last year, more than 20 firms visited with over 130 students, and faculty were especially pleased to reminisce with alumni. In December, five recent alums spoke about transitioning from college to work. Brady Martz,

Drees Riskey, Eide Bailly, Ernst & Young, and PricewaterhouseCoopers were among the firms represented. Students said they really enjoyed the presentations – and the presenters – as the advice discussed the “nuts and bolts” of daily life in public accounting. Nancy Zmyslinski, Defense Finance & Accounting Services (see her profile on page 11) discussed professional dress, proper behavior, and ethical conduct. In November, Jeff Gendreau from Baker Tilly Virchow Krause focused on ethical conundrums using a case study (see his profile on page 9). Brenda Skora from Cargill and Matt Remfert from Carval Investors, a Cargill subsidiary, visited campus twice to conduct mock interviews, which proved extremely popular. They also were instrumental in a successful Accountancy food drive. This spring, Kevin Moug, CFO of Otter Tail Corp., spoke to Beta Gamma Sigma and Beta Alpha Psi, where he focused on industry careers for accounting majors (see his profile on page 10).

We thank the 21 members on our Alumni Advisory Board for their dedication and loyalty. Jeff Gendreau Baker Tilly Virchow Krause

Brent Kukla Ernst & Young

Sara Lord Boulay, Heutmaker, Zibell & Co. Perry Mattson Brady Martz & Associates

Patrick Chaffee Advanced Engineering and Environmental Services

Danny Gagner Brady Martz & Associates

Kevin Moug Otter Tail Corporation

Damon Anderson Cargill

Shawn Serba PricewaterhouseCoopers

Melissa Martin Cargill

Jon Friese PricewaterhouseCoopers

Gerald VandeWalle Chief Justice, N.D. Supreme Court

Travis Krueger RSMI

Brian Mallaro Deloitte & Touche

Joel Thomsen State Bank & Trust

Kirsten Vosen Deloitte & Touche

John Hoffarth student ex officio

Nancy Zmyslinski Defense Finance & Accounting Services

Jessica Neigum student ex officio

Darcy Diederich Xcel Energy

Majorie Heap Weber & Deegan

18 Department of Accountancy Alumni Magazine

Partner Today

Impact Forever Accounting alumni have been extraordinarily loyal – and generous – over the last 40 years. Now through June 2015, you can leverage your financial gift through the historic $10 million B. John Barry Family Challenge grant.

Every $3 you give is matched with $1. The matching grant will multiply endowment gifts and help increase scholarships, fund faculty positions and initiatives, or support one of many programs enriching student experiences.

Impact to Date

So far, the Challenge Grant has resulted in the establishment of the following endowed accountancy funds: • Alumni Excellence in Accounting • Gendreau Family Award for Faculty Excellence • Kulas Koppenhaver Faculty Professorship • Mary and Art Loyland Scholarship • Richard J. Peters Master of Accountancy • Richard J. Peters Scholarship • Stuart A. Lundberg Memorial Scholarship • Deloitte Leadership Endowment With the challenge grant, a $1,000 gift to one of the above endowments will result in a matching gift of $333.33. The total impact of the challenge grant will turn $30 million in gifts to the CoBPA into $40 million.

The Department of Accountancy has the following endowments, not eligible for the challenge grant, to which you can also donate: Endowed Scholarships John C. Berg Lori & Mike Hendrickson Baker Tilly Scholarship Robert & Cassie Brostrom Student Neil J. Wells Memorial DuWayne Wacker Memorial Accounting Rodney Medalen Emi & Audrey Stoltz Accounting Donald Bertheuson Memorial Accounting Floyd B. Case Memorial Accounting Stan & Dorothy Hoistad Accounting Louie Kulas Memorial Accounting Ochoco Lumber/Bruce Daucsavage Leonard & Carmel Cherlet William Paradise Memorial Accounting Loyd & Marlys Orser Memorial Eldon Reinke Memorial Accounting Clifford Anderson Memorial Business Administration Glen R. McDaniel Memorial Accounting Bob & Joan Bender Bernt Anderson Memorial Accounting Ermie & Jeanne Lindstrom

Other Endowments Lyle Steinmeier PricewaterhouseCoopers LLP Fund Accounting Department Fund Kulas Koppenhaver Memorial Technology Trutna Family Accounting Eldon Reinke Memorial Accounting Dept. Eide Bailly Accounting Fund Milton Larson Accounting Faculty Award Brady Martz & Assoc. Accounting Dept. Earl Larson Memorial Accounting KPMG Accounting Dept. Deloitte & Touche Accounting Fund

MaySummer 2011University | The University North Dakota 2011 | The of North of Dakota

19 19

Fall 2010: $23,075 in sc h olarships Clifford Anderson Memorial Scholarships

Kelcee Wright Bryan Lundbohm Clifford Anderson Acct 200/201 Scholarships

Jessica Alcon Derek Rood Ludwik Kulas Scholarships

Chad Kreitinger Katelyn Birklid Bernt Anderson Memorial Scholarship

Jolene Aho Neil J. Wells Memorial Scholarship

Brandon Audette Dr. Jake Wambsganss Scholarship

Ian Bjerke Stan and Dorothy Hoistad Scholarships

Floyd B. Case Scholarship

Jason Kindseth Emil and Audrey Stoltz Scholarship

Dustin Long Ernest Lindstrom Scholarship

Molly McClurg Donald Bertheuson Memorial Scholarship

Jessica Neigum Ochoco Lumber / Bruce Daucsavage Scholarship

Emily Olson DuWayne Wacker Memorial Scholarship

Aletha Orwick

John Hoffarth Jay Friedt

Rodney Medalen Scholarship

Leonard and Carmel Cherlet Scholarship

Mary and Art Loyland Scholarship

Jonathan Gehrke Lori and Mike Hendrickson Scholarship

Amy Lund Eldon Reinke Memorial Scholarship

Brady Johs Bob and Joan Bender Scholarship

Dean Karel

20 Department of Accountancy Alumni Magazine

Sean Quandt Lee Rensch Glen McDaniel Scholarships

Jolene Aho Nicole Brodeur Kristen Foss Logan Johnson Angie Kautzman Dustin Long


Pay It Forward

We are extremely grateful to our loyal and supportive alumni. Contributions over the last academic year allowed us to distribute $63,925 in scholarships to accounting majors. Your help ensures our continued success as we produce great graduates! In addition to the Department of Accountancy scholarship, our students received another $30,275 in CoBPA scholarships. On an ongoing annual basis, accounting majors receive between $90,000 and $95,000 in scholarship monies!

Spring 2011: $34,850 in scholarships Brady Martz Scholarship

John C. Berg Scholarships

Reid Hinderks

Tina Goos Zach Williams

Clifford Anderson Memorial Scholarships

Jessica Neigum Justin Paquin

Richard J. Peters Scholarship

Clifford Anderson Acct 200/201 Scholarship

ND CPA Society Foundation Awards:

Lee Rensch

Adam Heine

R. D. Koppenhaver

Deloitte Scholarships

Jolene Aho Katrina Butler Bryan Lundbohm

Brandon Audette Laura Knox John Mareck Molly McClurg Aletha Orwick

Britsch & Associates and Rod and Joyce Medalen

Jessica Neigum

Eide Bailly Scholarships

Drees, Riskey & Vallager

Ethan Littlejohn David Thunderhawk Jenna Wagner

Kathryn Fristad Chad Kreitinger Voller, Lee, Suess & Associates

KPMG Scholarship

Lee Rensch

Alicia Dahlsad

Robert N. Spolum

PricewaterhouseCoopers Scholarships

Brandon Audette

Laura Geir Chad Kreitinger Remington Zacher

United States Seamless Inc.

Richard Vari

Baker Tilly Scholarships

Eldon Reinke

Benjamin Wilson Paige Woods

Devon Roerich Brent G. Hovdestad

Dr. Jake Wambsganss Scholarship

Cory Borszich

Dhiren Sarin

AmerInst Insurance Group Ltd.

Brianna Scheving

Summer 2011 | The University of North Dakota


Students benefit from remodeled classrooms Newly remodeled classrooms offer technology and an environment that better prepares students for their future, thanks to the generosity of Accountancy alumni and friends, who have also contributed to the modernization of the faculty office suite. Three classrooms and the office suite are named for prestigious public accounting firms. They are: Brady Martz Accounting Learning Center Deloitte Accounting Learning Center Eide Bailly Accounting Learning Center The John C. Berg Memorial PricewaterhouseCoopers Office Suite is named for John Berg, a long-time, ardent supporter of the program and is one of our featured Accounting Hall of Fame inductees. The Kulas Koppenhaver Memorial Accounting Learning Center is named for R.D. Koppenhaver and Ludwik Kulas, who for almost 50 years were instrumental in making the Department of Accountancy what it is today – a program defined by “Excellence Beyond the Numbers.” The loyalty of our alumni allows our faculty to continue to provide one of the best, most ethical, well-rounded educations possible in the country.

22 Department of Accountancy Alumni Magazine


North Dakota Spirit is


Scholarships spark the fire of a UND education for many ambitious students who might not otherwise have the opportunity. When you support the North Dakota Spirit Campaign, you provide critical funding for student scholarships, and make invaluable experiences affordable and rewarding.

Share Your Spirit: | 800.543.8764

Summer 2011 | The University of North Dakota



Non-Profit Org. U.S. Postage



Permit No. 10 Grand Forks, ND

Accountancy Department Gamble Hall, Room 220 293 Centennial Drive Stop 8097 Grand Forks, ND 58202-8097 ADDRESS SERVICE REQUESTED

Student Testimonials

What was your most positive experience in the CoBPA?

My internship and classes with the faculty in the accounting department. The faculty have been great mentors.

Faculty, especially in the Accounting Department, truly cared about your success and making sure we are ready for the jobs ahead.

I felt the accounting teachers push you harder than any other teachers, but care enough to be there at all times to help you any way you need it.

Great relationships with accounting professors.

The teachers in the Accounting Department are fantastic. They want to help you in your career and truly want you to succeed.

The Accounting Program is tremendous. I learned a lot. 24 Department of Accountancy Alumni Magazine

The faculty in the Accounting Department are great! They are really friendly and approachable.

UND Accountancy: Excellence beyond the numbers  

Welcome to the Department of Accountancy’s Alumni Magazine. The theme of this issue is “Excellence Beyond the Numbers.” As you read the arti...

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