Carl P Heinemann Lecturer in Economics Office: Van Ness Basement Phone: (931) 598-1580 E-Mail: cheinema@sewanee.edu

Carl P. Heinemann grew up in Chattanooga, Tennessee and graduated from McCallie School and Vanderbilt University. Thereafter, he accepted an R.O.T.C. commission and served as the Accountable Officer for the 8th Infantry Division Supply Office in Bad Kreuznach, Germany. Upon discharge from the service, he returned to school to advance his financial skills.

Upon obtaining his CPA credentials, he began his professional career with Ernst & Young LLP, followed by a stint with a large local accounting firm. In 1981 he started his own practice, Heinemann & Associates, PLLC, which serves individuals as well as businesses. Heinemann holds the professional designation of Certified Valuation Analyst which qualifies him to perform business valuations and litigation support services. In 2006 he was appointed to the Sports and Entertainment Conference Committee of the Tennessee Society of CPAs.

Since 1987 he has served as a part-time member of the faculty, regularly teaching Financial Accounting during the Advent Semester and Managerial Accounting during the Easter Semester. These two courses are electives within the curriculum and consequently attract students from other majors besides economics. Pre-law and pre-MBA students find these courses very relevant to their future field of study. Pre-med. students can benefit as well since managed care mandates a more businesslike approach to the delivery of health services. These courses also serve as a good foundation for future bankers and stockbrokers.

Mr. Heinemann has been active in his community, serving recently as President of the Brained/East Hamilton Branch of the Greater Chattanooga Area Chamber of Commerce and Treasurer of the Chamber Branch Fundraisers. He has served as Treasurer of several non-profit organizations as well as on the Finance and Endowment Committees of his church. He currently serves as President of the Greater Chattanooga Area Chapter of the American Society for Training and Development.

Education

• C.P.A. State of Tennessee
• C.V.A.(Certified Valuation Analyst)
• B.A. Vanderbilt University

Teaching

• Financial Accounting
• Managerial Accounting

Course Contents

• At the beginning of the Advent semester each student is asked to select a publicly traded company to follow. Throughout the semester, students are asked to relate each topic to the company selected. Internet resources, e.g., SEC Edgar database, are tapped to apply text topics to real world businesses. A decision making approach is employed throughout the semester as students learn the importance of reliable financial information in the maintenance of orderly capital markets.
  
  During the Easter semester, students are exposed to accounting from a company's internal standpoint in the managerial course. Students learn how financial systems add value to a company. Contemporary topics such as environmental cost management, enhancing shareholder value, and earnings management are included in the curriculum. Each spring the class takes an afternoon field trip to a nearby business to relate certain material in the text to an operating entity. Recent field trips have included Maytag, Nissan, Olan Mills, Chattem, Erlanger Hospital, and US Xpress.

Professional Interests

• Mr. Heinemann has served on several committees of the Tennessee Society of Certified Public Accountants including a term as chairman of the Accounting Education Committee and Small Business Committee which allowed him to focus on his interest in building and adding value to enterprises. He currently serves on the Sports and Entertainment Conference Committee which will allow him to pursue an interest in bringing more film production to Tennessee.

Professional Affiliations

• American Institute of Certified Public Accountants (AICPA)
• Tennessee Society of Certified Public Accountants (TSCPA)
• Chattanooga Tax Practitioners
• American Society for Training and Development (ASTD)
• National Association of Certified Valuation Analysts (NACVA)

Hobbies

• Economics Department DJ