Education & Careers news July 2008

Education & Careers

Back to school shoppers planning to spend less this year

Retailers, hoping to boost sales, started bringing out back-to-school merchandise in June, just as the last school bells were ringing before summer vacation. The back-to-school shopping season usually lasts from mid-July until September, but this year 52 percent of consumers had already begun shopping for the coming school year by mid-July, up from 33 percent in 2007, according to a report from Citigroup Global Markets Inc., the Chicago Tribune reports.
Education & Careers

AICPA names Elijah Watt Sells award winners

The American Institute of Certified Public Accountants has announced the winners of the 2007 Elijah Watt Sells Awards. The awards are presented annually to the 10 candidates earning the highest cumulative scores on the four sections of the Uniform CPA Examination. These candidates must have completed testing during the previous calendar year and passed each exam section on their first attempt. In 2007, there were over seventy-six thousand examinees.The 2007 award winners (in alphabetical order, followed by their State Board affiliation) are:Steven J.
Education & Careers

CPAs offer back-to-school shopping tips for consumers

It's time to plan your back-to-school shopping budget, since most students head back to the classroom in late August or early September. With children wanting the latest trendy clothing items, and families trying to continuously clothe their growth spurts, the price tag can really add up. The Virginia Society of Certified Public Accountants (VSCPA) recommends five ways to prepare for and save money on back-to-school expenses.1.
Education & Careers

Parents of college students unaware of many financing options

The parents of this fall's college-bound freshmen may be breathing a collective sigh of relief that their children have cleared the admissions hurdle. But few parents understand the terms necessary to make fully informed financial aid decisions, says a new survey conducted by leading global strategic branding firm Siegel+Gale."Parents really don't understand the true cost of college and the financial help that is available," states Peter S.
Education & Careers

Bridge programs produce few candidates to meet critical shortage of Accounting PhD's

AASCB estimates that by 2012, because of retirements, changes in PhD enrollments, and increased demand, there will be a shortage of approximately 2,500 PhD's in accounting.
Education & Careers

Harsh sanctions may await students who used Web site for GMAT prep

Top business schools around the country are waiting to find out if any of their students used Scoretop.com, a Web site that may have helped them prepare for the Graduate Management Admission Test, commonly known as GMAT, by providing a sneak peak at live questions.Approximately 6,000 of the 112,884 students who took the GMAT in the year prior to May 2008 visited Scoretop.com, according to BusinessWeek.
Education & Careers

Group interview technique becoming popular at more hiring levels

Job candidates accustomed to preparing for one-on-one interviews with staff and managers may soon find themselves confronted with the "panel interview," especially when the hiring firm is looking for people who work well in a group setting. The group interview is the ultimate stress test and some prospects get no warning before they have to interview with several individuals at the same time, The Wall Street Journal reports, so job seekers should get ready for this type of interview as part of their search preparation.
Education & Careers

PwC announces rollout of IFRS college and professional training materials

In a speech to accounting professors and corporate executives at PwC University for Faculty, PricewaterhouseCoopers U.S. Chairman and Senior Partner Dennis Nally announced the firm's release this month of a full suite of educational tools and programs designed to help American accounting students learn the fundamentals of International Financial Reporting Standards (IFRS). IFRS describes the financial reporting treatment long used by companies outside the United States and which is expected to replace U.S.
Education & Careers

Southeastern Louisiana University appoints accounting professor as interim president

John Crain, Southeastern Louisiana University's Provost and Vice President for Academic Affairs, will serve as the university's interim president. The Executive Committee of the Board of Supervisors for the University of Louisiana System approved Crain's appointment upon the recommendation of UL System President Randy Moffett."I have thought extensively about my recommendation for this appointment and for me, the logical choice is Dr. John Crain," said Moffett. "Having worked with him closely in my capacity as Southeastern's president, I have full confidence that Dr.
Community News

KPMG awards $10,000 scholarships to 41 minority students

The KPMG Foundation has announced it has granted $410,000 in scholarship awards to 41 minority doctoral students for the 2008-2009 academic year as part of its Minority Accounting Doctoral Scholarship program. The scholarships are part of a broad effort by the Foundation to increase the number of minority students and professors in business schools."Increasing the number of minority Ph.D. recipients and business school professors helps pave the way for countless others who will benefit from more diverse campuses around the nation," said Bernard J.
Education & Careers

Global talent shortage continues in accounting and finance

A shortage of experienced accounting and finance professionals continues to affect employers around the world, according to the second annual Robert Half Global Financial Employment Monitor. For the second consecutive year, more than half (56 percent) of the finance and human resources managers surveyed worldwide reported difficulty finding skilled job candidates.
Education & Careers

AICPA receives more than 360 minority accounting scholarship applications

The American Institute of Certified Public Accountants received more than 360 minority accounting scholarship applications following a workshop entitled "Lead the Way, Make a Difference, Become a CPA" to promote diversity within the accounting profession held May 29-31 in Peachtree, GA. The workshop emphasized the importance of obtaining the CPA credential and highlighted the flexibility and various career paths of the accounting profession. Session topics focused on the importance of networking and mentoring.
Education & Careers

China tops list for MBA candidates' international trips

David Gannaway, a KPMG forensic accounting director, did not choose Fordham University for his executive MBA program until he found out the school offered a trip to China.Gannaway is like many EMBA candidates - a manager in his 40s with several years of experience who is increasingly interested in China, experts told The Wall Street Journal. These professionals envision themselves doing business there and believe understanding China's business climate is critical to advancing their careers.
Education & Careers

Students savor Chinese business experience

Business graduate students have returned from China after biting into one of the world's fastest-growing economies.The program, presented by the Kansas University School of Business, offered students a firsthand experience of business operation and strategy in China. Eleven students traveled to Beijing, Xi'an, and Shanghai to learn how different cultures and political and economical systems affected Chinese business.
Education & Careers

AccountingWEB announces partnership with career search firm AccountingJobsToday

AccountingWEB, the online news and information resource for members of the accounting profession, is pleased to announce the launch of a new partnership with employer/employee search service, AccountingJobsToday. The joint arrangement will provide career resources to AccountingWEB members. Job seekers can post their confidential and anonymous resumes and employers can post current job openings. Featured jobs are listed on the site and will also be highlighted in our weekly e-newsletters.
Education & Careers

Education tax credits would save states billions

Education tax credits -- programs that allow individuals to deduct education expenses from their tax liabilities, or corporations to do the same for donations to scholarship funds -- will save money for states that enact them, finds a new study from the Cato Institute.In "The Fiscal Impact of a Large-Scale Education Tax Credit System," Andrew Coulson, director of Cato's Center for Educational Freedom, and Ball State University economist Anca Cotet estimate the effect that model legislation for tax credits would have on the budgets of five different states.
Education & Careers

High school students immerse themselves in accounting

Twenty high school students are starting their summer vacations with an intense accounting seminar and a stay in the residence hall at Long Island University's Brooklyn Campus. All juniors from local high schools, they are enrolled in a program geared to encourage minority members to pursue careers in accounting."Students will get a taste of campus life as well as the accounting world," says Myrna Fischman, chair of the department of accounting, taxation, and law at the Brooklyn Campus.
Education & Careers

USI students win accounting honors

A four-member team of University of Southern Indiana accounting students recently took first place in National Student Case Competition, sponsored by the Institute of Management Accountants (IMA).They shared a total of $5,000 in prize money."When we finally heard 'And first place goes to the University of Southern Indiana' it was very exhilarating," said Amy Oglesby, one of the team members."At that moment our team truly felt that all our hard work and seven months of preparation had paid off."Besides Oglesby of Galatia, IL, the team included Andy Dill of Princeton, IN, Brad Greene
Education & Careers

CFOs rank heavy workloads, job security as top concerns

Today's accounting and finance professionals are used to having a lot on their plates, but a new survey shows that growing to-do lists could be taking their toll. More than one in three (35 percent) chief financial officers (CFOs) interviewed cited heavy workloads as the number-one workplace concern for their financial teams.

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