Education & Careers news June 2006

Education & Careers

University Accounting Programs Receive Gifts

Kansas State University, located in Manhattan, Kansas, recently received a gift of $38,400 from the accounting firm of Grant Thornton, located in Wichita. The Wichita Business Journal reports this commitment will go to the K-State University Foundation Changing Lives Campaign and will be used to help establish the Grant Thornton Department Head Fellowship in Accounting.The university also received an undisclosed amount from Brenda and Gib Compton to the Changing Lives Campaign that will be used to establish four scholarships, a fellowship and a building fund.
Education & Careers

Tight Job Market Can Mean Increased Workloads for Accountants

Demand for accountants continues to exceed supply in 2006, and while employers are offering higher salaries and more benefits in an effort to keep their employees, low staffing levels are creating high pressure and resulting in even longer hours for many accountants, Times Argus reports. Finance professionals who feel overworked rose from 42 percent in 2004, to 53 percent this year, according to a survey from CareerBuilder.
Tax

Responsibilities of American Taxpayers Working Abroad

American taxpayers with tax homes in the U.S. and who are living or working abroad, still have responsibility for paying taxes on their worldwide income, according to the IRS. The good news is that they may also exclude all or part of their foreign salary, wages or other income, up to the maximum annual exclusion, by meeting the bona fide residence test or physical residence test.
Education & Careers

IRS Offers More Special Enrollment Examination Details

The Internal Revenue Service (IRS) has announced further details of the Special Enrollment Examination (SEE) in 2006. The newly announced details vary slightly from those anticipated in April when the IRS announced Thomson Prometric had been selected to develop and administer a computer-based version of the exam on behalf of the IRS.
Education & Careers

Schools Expand Accounting Programs; Add New Courses

Job prospects remain bright for accounting graduates and the number of students enrolled in accounting programs continues to grow in some areas of the country.
Practice Management

Number of Female Accountants Increasing

Women now make up more than 60 percent of all accountants and auditors in the United States, according to the Clarion-Ledger. That is an estimated 843,000 women in the accounting and auditing work force. Although recent educational metrics have shown that girls in school seem to lose interest in math and science, according to Education Secretary Margaret Spellings, women are flocking to the accounting profession.
Education & Careers

Fewer Plans to Hire Leaves Accounting Professionals Feeling Less Confident

The Hudson Employment Index™ for Accounting and Finance workers declined 3.6 points, to 107.2 in May.

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