Education & Careers news October 2007

Education & Careers

Workers may see new insurance option: HSAs

While the end of the year brings a flurry of shopping decisions (Can I get away with buying Uncle Charlie another tie?), some choices are even more daunting: health care plans.Fall is usually open-enrollment time, and workers may see an option called a Health Savings Account, or HSA, for the first time. It’s an alternative to traditional health insurance that gives consumers a way to pay for their own health care while reaping tax benefits.These HSAs allow consumers to save money in an interest-bearing savings account set aside for health care expenses.
Education & Careers

Students report CPA exam still has technical problems

Three and half years after the introduction of the uniform CPA exam administered by the National Association of State Boards of Accountancy (NASBA), accounting students are still reporting technical problems with the exam.
A&A

FEI and IMA request deferral of SFAS 157

In a letter to Robert H. Herz, chairman of the Financial Accounting Standards Board (FASB), two committee chairmen of Financial Executives International (FEI) have requested that FASB delay implementation of SFAS No. 157 - Fair Value Measurements (FAS 157) for one year in order to allow companies and their accounting firms time to prepare for implementation. Currently, FAS 157 is effective for fiscal years beginning after November 15, 2007. The Institute of Management Accountants (IMA) has also requested the delay, CFO.com reports.
Education & Careers

<b>Test your knowledge with AccountingWEB's weekly quiz!</b>

AccountingWEB is pleased to announce its weekly accounting quiz, now appearing in the Student Zone area of the AccountingWEB site. Just click Student Zone at the left side of any AccountingWEB page (or click the Student Zone link at the bottom of this story) to access the weekly quiz and to be eligible for great prizes!Accounting professors from across the country are participating in Test Your Knowledge, submitting their favorite quiz questions to see if they can stump the AccountingWEB audience. Each Monday, a new quiz will appear.
Technology

Technology generation upgrades: Are educators and employers on the same page?

Information technology (IT) and information systems are pervasive in today’s business environment. CPAs, therefore, have to understand IT processes and controls. What are accounting educators doing to prepare students as they enter an environment in which data moves through computerized accounting packages, intranet portals, or enterprise resource planning (ERP) systems? More importantly, though, are accounting educators and professionals even on the same page with respect to IT education?Technology generation upgrades: Are educators and employers on the same page?
Education & Careers

Top entrepreneurial colleges ranked

Entrepreneur Magazine, with the help of the Princeton Review, has ranked the top 50 entrepreneurial colleges at both the undergraduate and the graduate levels.These are the 10 Essential Elements of an Entrepreneurship Program, according to Entrepreneur Magazine: Experiential learningApproachable professorsMentorship programsFaculty experienced in entrepreneurshipInterdisciplinary program offeringsCommunity involvementPartnerships with entrepreneurial organizations
Education & Careers

"Project Run With It" case competition to be sponsored by Moss Adams

"Project Run With It" is a case competition that will be held on Thursday, August 7, 2008 during the BAP Annual Meeting in Anaheim, CA. The competition will bring BAP students from 60 chapters together to develop solutions to financial and technological problems of actual not-for-profit (NFP) agencies. The NFP agency will provide background information and answer student questions. Students, working in teams of four, will have one day to develop possible solutions and present them to the agency.
Education & Careers

Top business and law schools ranked by Princeton Review

The Princeton Review - known for its college rankings based on how students rate their schools - has released the 2008 editions of its annual law and business school guidebooks which also feature rankings uniquely based on student surveys.

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