Education & Careers news October 2008

Education & Careers

Retiring boomers, aka encore workers, will seek meaning in new jobs

In these economic times, boomers will need to work longer, and many say they want a job that provides both money and meaning. The question is, are nonprofit employers interested in hiring employees who have finished their midlife careers? What makes nonprofits more eager - or less - to give encore workers a try?A national survey released this month by MetLife Foundation and Civic Ventures finds that half of nonprofit employers actually see encore workers as highly appealing, with an additional 39 percent finding them moderately appealing.
Education & Careers

High school students compete in National Financial Literacy Challenge

High school students across the country will compete in this fall's National Financial Literacy Challenge, vying for scholarships and other awards. Apart from the recognition students and teachers can earn from the U.S. Treasury, Charles Schwab Foundation offers college scholarships to students with the highest scores.Administered by the U.S.
Education & Careers

Ajilon Finance releases 2009 Finance and Accounting Salary Guide

Despite the economic downturn, salaries for finance and accounting professionals are expected to remain strong in most regions across North America next year, according to the 2009 Salary Guide released by Ajilon Finance, an accounting and finance specialty recruitment and career advisement firm.Finance and accounting professionals in San Francisco and San Mateo, CA, are expected to be among those cities with the highest increases next year at 20.4 percent, while salaries in finance-centric New York City will be up 14.1 percent compared to the average salary in other regions.In conjuncti
Education & Careers

2009 Salary Guide shows accounting, finance salaries remain strong

Even in the current economy, certain skill sets remain difficult to find, according to the 2009 Salary Guides from Robert Half International. The recently released guides point to modest overall salary increases for accounting, information technology (IT), and administrative roles, but highlight specialized expertise that can enhance a professional's marketability. This includes account reconciliation and credit/collections experience for accountants and web development skills for IT professionals.
Tax

Long Island students will be IRS agents for a day

Business owners skimming funds from their company. A bar owner who keeps two sets of books. A multi-filer tax scheme. As special Internal Revenue Service agents for a day, students from Long Island University's Brooklyn Campus will see what it is like to solve white-collar crimes like these. Working with real IRS agents on pretend crime investigations, students will be introduced to forensic careers in accounting.
Education & Careers

Pennsylvania accounting students test themselves in XBRL essay contest

Sharp technical skills are a must to find success in the field of accounting, but so is the ability to communicate clearly.
Education & Careers

Annual Deloitte collegiate tax competition kicks off

More than 230 students from 44 colleges and universities gathered at 11 regional sites across the country on October 18, 2008 to tackle real world tax issues and compete for scholarship awards in the seventh annual Deloitte Tax Case Study Competition. This prestigious national collegiate competition attracted nearly sixty teams to analyze a hypothetical case study and apply their knowledge, skills, and teamwork in a race against the clock and each other to solve complex tax scenarios. The competition is sponsored by the Deloitte Foundation, the non-profit services arm of Deloitte LLP.
Education & Careers

Four tips for jumpstarting your career during harsh economic times

With recent shortages in employment and with unemployment agencies in most states reportedly running out of funds, American workers are taking charge of their own careers, and what they are doing to survive today's economy may surprise you. Below are four things you can do to back up your current employment, and if you are currently unemployed you may still benefit from the information here.
Education & Careers

Big accounting firm or small? Choosing the right size work environment

Candidates for positions at CPA firms may decide to join a large firm or a small- to mid-size firm for individual reasons, but "Each firm offers something unique regardless of size," says Kathy Downs, Recruiting Manager at Robert Half Finance & Accounting in Orlando, Florida. An individual may choose a smaller firm because they have a decreased travel requirement, and the commute to clients is shorter, Downs says.
Education & Careers

Public accounting or private industry: Both offer great career potential

Choosing between public accounting and private industry means learning about a wide range of choices and career paths that each area of the field offers. Public accountants, often certified public accountants (CPAs), perform a broad range of accounting, auditing, tax, and consulting activities for their clients, which may be corporations, governments, nonprofit organizations, or individuals. Some are forensic specialists, others specialize in government accounting and auditing.
Education & Careers

A Conversation With... Valerie Wendt: Trends in accounting education

AccountingWEB asked Valerie Wendt, product manager for Bisk Education, Inc., to discuss trends in accounting education. Bisk offers online CPE courses through CPEasy and CPA review courses that have helped more than 140,000 candidates pass the CPA Exam since 1971.Q: When the CPA Exam changed from a paper-and-pencil format to a computer-based test in 2004, the number of exam takers declined significantly. Are the numbers back up to pre-2004 levels? Does Bisk play a role at all in encouraging people to take the exam? What's the biggest hang-up in taking the exam?
Education & Careers

Students help non-profits during intense BAP competition

Take 50 college students who don't know each other, add several complicated business challenges, give them 12 hours, and what do you get at the end?
Education & Careers

Accounting foundation announces 2008 scholarship winners

Like all professions, the accounting profession is continually working to ensure a steady flow of qualified young people into its ranks.Since 1969, the National Society of Accountants (NSA) Scholarship Foundation has provided nearly $1 million to deserving undergraduate and graduate students who are committed to pursuing a career in accounting, helping to develop more qualified young accountants.This year, 44 students will receive scholarships ranging from $500 - $2,000.
Education & Careers

Financial meltdown a learning tool for many students

The traders look panicked by the crisis. Congress - torn as to how to fix it. Finance, business and accounting students, however, are transfixed as they watch this historic scene play out before them. And - watch its lessons trickle into the classroom. "I've been in and out of school with work and stuff for years and then to all of a sudden have everything in an uproar all in one semester, yeah, it's amazing. It's amazingly daunting and it's amazingly exciting," says State University of New York Institute of Technology accounting student Nicole Lawrence.
Tax

Demand for forensic CPAs increases

Demand for CPAs providing forensic accounting services has accelerated, according to a survey by the American Institute of Certified Public Accountants.Two out of three CPAs polled (68 percent) say their forensic practices have grown over the past year."The survey findings tell us that not only are forensic accounting services in demand, but specifically that CPAs with this expertise are in high demand," said Stephen Winters, AICPA director, firm practice management and specialized communities.
Tax

400 colleges get letters from IRS

Approximately four hundred U.S. colleges and universities will begin receiving compliance questionnaires from the Internal Revenue Service in the next few days as part of the agency's focused effort to study key areas in the tax-exempt community. The college and university questionnaire will focus on unrelated business income, endowments, and executive compensation practices. The questionnaires are being sent to a cross-section of small, mid-sized and large private and public four-year colleges and institutions.