Best Practices

Sponsored by Deloitte

Deadline for all submissions was Sunday, December 3, 2023, 11:59 PM ET 

Overview

Best practices are activities created and completed by a chapter to further specific goals identified by the board of directors of Beta Alpha Psi and by Deloitte LLP (Deloitte). These activities exemplify the spirit and purpose of Beta Alpha Psi and, if applicable, allow other chapters to emulate those activities.

Prize/Award

Mid-Year Meetings: 1st Place - $750, 2nd Place - $450 and 3rd Place - $200

Annual Meeting: 1st Place - $1,500, 2nd Place - $1,000 and 3rd Place - $500

Eligibility

All chapters are eligible to participate in Best Practices.

The following actions will result in disqualification:

  • Failure to respond to any of the questions on the submission form
  • Emailing your submission to your Chapter Advocate or the Executive Office
  • All late submissions will automatically be disqualified

Process - Please note new submission process:

To accomodate as many chapters as possible to present, chapters will enter thier first and second choices of meeting locations to present. Chapter may only present and compete in Best Practices at one mid-year meeting.

Fill out and complete the submission form here by Sunday, December 3rd, 2023, 11:59 PM ET . No exceptions. Please refer to the 2023-2024 Best Practices manual (PDF).

Award Process

Winners are determined by a group of judges made up of board and Professional Partners members. Judges act independently of any student, college/university, and chapter affiliation.

Contact

For more information, you may contact the Executive Office at bap@bap.org or (919) 402-4044. 

2023-2024 Best Practices Topics 

Theme: Embracing Innovation, Empowering Professionals

Beta Alpha Psi’s 2023-24 theme is Embracing Innovation, Empowering Professionals. As a result of technological innovations, the role of financial information professionals is evolving rapidly. Such innovations will transform the way we do business, and it is important that we maximize the value of these emerging technologies in our professional careers. Embracing innovation will empower professionals to dedicate time and attention to high-value activities, eliminating many routine tasks, and emphasizing higher-level skills for career advancement.  

Topics:

Key points for all categories:

  1. Why is this a “Best Practice” and how is this different from anything done previously?
  2. The number of members and non-members involved in your program.
  3. How much time was invested in the program (planning, promoting, execution)?
  4. What were your expectations and goals for your program?
  5. How did you determine you would measure success?
  6. What were the challenges and how did you meet them?
  7. How could another chapter replicate or implement this best practice?
  8. Is this program new for your chapter or something that has been ongoing?
  9. How is your chapter planning to sustain this program in future years?

Innovation in your Chapter 

Given the rapid evolution of financial information professions, embracing innovation, change, and emerging technologies is critical. Technological advancements, alternative work arrangements, and cultural changes have shifted the landscape of the profession. To excel in this changing environment, we must adapt quickly.

Describe how your chapter has innovated and evolved in response to external changes. What specifically did you innovate, and how is it different than what you did before?  What initiated this innovation? How were Beta Alpha Psi members and stakeholders positively impacted or empowered by this innovation?  Did this innovation positively impact interest in your chapter or careers in the business information professions?

Empowering Community Service 

A commitment to impactful community service is a cornerstone of membership in Beta Alpha Psi.  Chapters should strive to empower their members to provide service that positively impacts their community.  As members of an honorary society of financial information professionals, Beta Alpha Psi members’ skill sets can be used to maximize the value of their service activities.

Describe an innovative service activity undertaken by your chapter. This innovative service activity should be a new activity that the chapter has engaged in or an existing activity that has been reimagined.  How did the service activity empower members to use their unique financial information skill set to maximize their impact?  Has this community service activity empowered partner organizations to advance and innovate?  How can this activity be adopted by other chapters?

Empowering Professional Relationships

Emerging technologies are transforming the financial information profession. With this advancement, changes in the attributes necessary for successful careers in the financial information professions are imminent. Now more than ever, it is important for chapters to employ professional relationships to gain a better understanding of the profession.

Describe how your chapter has empowered its members to build professional relationships as part of their preparation for entry into the profession. How have these relationships advanced members’ knowledge of innovations?  What specific technologies were the focus of these activities, and how did they improve members’ understanding them? What advice would you have for other chapters’ efforts in this area?

 


Hear what our Professional Partners think about BAP!

Beta Alpha Psi provides accounting, finance and MIS students an avenue to connect with their peers and established professionals early in their career. Participation in BAP allows students to learn first-hand that no matter what professional path they choose, there’s a CPA for that. A career in the accounting profession offers unparalleled opportunity to work throughout the world, in any industry. The AICPA supports students along their journey to CPA by providing resources each step of the way.

Amy Merletti
AICPA