Faculty Newsletter - January 2025
Dear Friends in Academia,
Happy New Year! We are thrilled to share some exciting updates with you this month including new classroom resources – a business simulation and tax case. We hope you enjoy our update.
NEW – Accountants have impACCT Business Simulation
We are excited to release our business simulation which was designed to be easily incorporated into introductory accounting courses. The simulation is a 30-40 minute immersive experience featuring a young technology company bundling video games, music, movies and podcasts on a single platform. The two co-founders look to their accountant (the learner) for accounting insights for making key business decisions for 5 scenarios. Each critical decision is made using fundamental accounting concepts to help gain a deep understanding of how accounting principles directly influence the financial health and overall success of a business.
In addition to our new business simulation, we are again highlighting our video series that was released in the fall. Each 5-minute episode integrates basic accounting concepts with real-world examples, demonstrating their profound impact on business, markets and investors. Topics include: balance sheet, income statement, statement of cash flows, inventory, accruals, cyber security, fraud, ESG, SEC Reporting. You can access the simulation, videos and more information on our Faculty Resources site (request access).
NEW – International Tax Excel Case
We are excited to release our new International Tax Excel Case that is recommended for use in a graduate level class. These materials are designed to help students understand the US tax implications of international transactions through a detailed case study involving a fictitious organization. The exercise uses an Excel file with multiple interconnected tabs, each representing different aspects of international taxation. The final goal is to compute the US tax implications and understand how these calculations would impact the final taxable income and tax due after foreign tax credits. Additionally, the effective tax rate calculation for a 10-K report can also be demonstrated. You can access the simulation, videos and more information on our Faculty Resources site (request access).
AAA Pipeline Webinar with PwC Replay
In case you missed it, this webinar discussed how GenAI and other emerging technologies are affecting business models and processes and included suggestions for incorporating examples into the introductory accounting courses. Additionally, you will learn about our new Accountants have impACCT resources for the Principles courses, including a library of short videos and a brief business simulation. Watch the replay here.
PwC Ranks #10 on Fortune’s Best Workplaces for Parents List
We are thrilled to announce that PwC has been recognized by Fortune Magazine as one of the "Best Large Workplaces for Parents," ranking #10 this year! 🏆 We believe in empowering our employees with the flexibility and resources they need to thrive both at work and at home. Learn more.
What does responsible AI look like in the age of agentic AI?
Recorded live at the World Economic Forum's Annual Meeting in Davos, PwC’s Sarah von Fischer sat down with Matt Wood, PwC Global and US Commercial Technology & Innovation Officer, to explore the challenges and opportunities of building confidence in agentic AI. They discuss how leaders can ensure transparency, accountability and trust in AI as it becomes more embedded in our everyday lives. Hear more.
PwC's Innovative 'Prompting Parties' for AI Upskilling
Leah Houde, PwC's Chief Learning Officer, shared her insights with Business Insider about how the firm’s 'Prompting Parties' are making AI learning fun and accessible in a low-stakes setting. Read more.
The Most Interesting Thing in AI Episode Five: Sustainable Solutions
The environmental cost of AI is significant, but so is the technology’s potential to help develop new sustainable solutions. For episode five of The Most Interesting Thing in AI podcast series, Scott Likens, PwC US and Global Chief Engineering Officer, and Heather Horn, PwC National Office Sustainability and Thought Leader, speak with Atlantic CEO Nicholas Thompson about the ways AI can help businesses integrate sustainable strategies and meet their environmental goals. Listen here.
PwC’s 28th Annual Global CEO Survey Report
We’ve launched our 28th Annual Global CEO Survey, looking at today’s most pressing business challenges and how leaders are handling them. Explore the survey in full here.
New chapters and updates: PwC’s global Sustainability reporting guide
PwC is excited to announce the release of new and updated chapters of our global sustainability reporting guide – a compendium of the disclosure requirements under the primary global sustainability reporting frameworks of CSRD, ISSB, and SEC. Read our comprehensive guide now. Register for free access.
Year-end toolkit: Accounting and reporting reminders for 2025
Be prepared for year-end reporting - listen to the next episode of our Year-end toolkit podcast miniseries on key accounting and reporting reminders with some of the top technical leaders from our National Office. Listen here.
Tax Policy Outlook 2025
Check out PwC’s 2025 Tax Policy Outlook for detailed insights into the tax policy landscape that business leaders will have to navigate in the coming year. Read it here.
We hope you find this information useful. Please email us_pwc.university.relations@pwc.com if we can be of assistance.
Best Regards,
Julie Peters, US University Relations Leader
