Education & Careers news January 2008

Education & Careers

Destination CPA or bust

By John M. Sharbaugh, CAEI don't have to tell many of you that there's a staffing crisis facing the accounting profession. Those of you using want ads and placement firms are all too familiar with the dire shortage of accounting professionals. The 2007 American Institute of CPAs (AICPA) Private Company Practice Section's Top Management of an Accounting Practice Issues Survey, like other similar surveys, found staffing needs were the most prevalent concern for CPA firms.
Education & Careers

Student loans to be impacted by subprime lending crisis

Lenders that process federal Stafford loans and PLUS loans as well as private loan companies are expected to require students borrowing for the first time this spring semester to have higher credit scores, and may impose other changes to their policies, CNNMoney.com reports.
Education & Careers

Student-run investment fund outperforms S&P 500

The Madison Investment Fund (MIF) works out of a 10 x 12 foot office in Zane Showker Hall on the campus of James Madison University in Harrisonburg, Virginia. Unlike most business schools in the country, they don't have a Bloomberg terminal, a computer system that can monitor and analyze financial data in real-time. Last year the Madison Investment Fund outperformed the S&P 500.
Education & Careers

Former FBI agent joins accounting faculty

Don Berecz joined the faculty at Georgia Southern University in 2007, after 23 years of government service with the FBI. Berecz will serve as the first director of the University's Center for Fraud and Forensic Studies in Accounting and Business.Mr. Berecz, a licensed polygraph examiner, is a CPA and CFE. He belongs to numerous professional organizations to include the Association of Certified Fraud Examiners, and the American Association of Police Polygraphists.
Education & Careers

Registration open for FBLA Virtual Business Challenge

Student registration is open for the Future Business Leaders Of America Virtual Business Challenge.The FBLA Virtual Business Challenge (VBC) is an official Future Busines Leaders of America (FBLA) competitive event sponsored by Knowledge Matters and FBLA. FBLA members use highly visual simulation software to manage a distribution center. Participants utilize a competition version of the Virtual Business – Management 2.0 software simulation to participate in this competition. All of the qualifying rounds for this event take place via the Internet on the Knowledge Matters, Inc. Web site.
Education & Careers

First year experience - Life in the Big Four, by Anita Chan

Anita Chan joined KPMG last year upon graduating from a five-year master's program (in four years) at the University of Southern California. Anita is now an audit associate in KPMG's Los Angeles office.When I graduated from the University of Southern California about a year and a half ago, there were many things that I couldn't have predicted about my current position as a second-year associate in KPMG's audit practice. On the other hand, much of my experience has been just as advertised. There is the frequent misconception that accounting is just about crunching numbers.
Technology

"Accounting Chicks" win $100,000 Minnesota raffle

Four Minnesota accountants, calling themselves the "Accounting Chicks," teamed up to purchase Minnesota Millionaire Raffle tickets and ended up winning $100,000 in the lottery.Lacey Amundsen of Brooklyn Center, Laurie Burbank of Columbia Heights, Deb Connell of Andover, and Lora Pyka of Fridley, work together at a Minnesota Credit Union. This isn't the first time they have joined forces to invest in lottery tickets, but it is their first win.The Minnesota Millionaire Raffle Game launched on October 30, 2007 with only 500,000 tickets available for purchase.