Education & Careers news March 2009

Education & Careers

Beta Alpha Psi & AICPA join forces to inspire greatness in students

Beta Alpha Psi, the honorary organization for financial information students and professionals, and the AICPA are teaming up again this year to offer a sponsorship program designed to inspire greatness in future accounting professionals. An advisory board will select up to three winners and each will receive a cash scholarship of $5,000 and a Medal of Inspiration Award.
Education & Careers

Margolin, Winer & Evens sponsors competition for Long Island accounting students

Margolin, Winer & Evens LLP (MWE), a CPA firm with offices in Garden City, New York and Manhattan, will sponsor the first annual "College Accounting Challenge," a quiz-show style event for accounting students from four Long Island Colleges - C.W. Post, Hofstra, Adelphi, and SUNY-Old Westbury - on Wednesday, March 25, at the C.W. Post campus of Long Island University in Brookville, New York. Each college will field a team of four seniors, chosen by their professors. The four-round competition will focus on Ethics, Tax, Financial Accounting, and Auditing.
Education & Careers

Moss Adams and Beta Alpha Psi team up for "Project Run With It"

Moss Adams is once again partnering with Beta Alpha Psi to offer the "Project Run With It" competition which brings together 60 BAP students from multiple chapters to analyze and recommend solutions to problems faced by three real not-for-profit (NFP) organizations. These problems will address accounting, finance and/or information system issues as they relate to real business problems of the participating NFPs. Fifteen student teams will be formed (four students per team).
Community News

Ernst & Young LLP announces annual BAP diversity competition

Up to 10 Beta Alpha Psi chapters can win $1,000 each if they can show they have improved diversity within their chapter, the school, or community.Ernst & Young LLP believes a diverse, inclusive work environment is an important component for successful businesses, as evidenced by the fact that more than 90 percent of Fortune 500 companies have launched diversity initiatives.
Community News

KPMG honors 'superior' BAP chapters

The KPMG Foundation will award $2,500 to as many as 15 Beta Alpha Psi Chapters that go above and beyond the requirements to be considered "superior chapters."To win KPMG's Gold Challenge, BAP's superior chapters must not only meet eligibility requirements, but also submit a nomination form and a 10-minute video presentation that explains why the chapter deserves to win.Chapters must have been considered "superior chapter members" for the 2008 and 2009 school years, and have participated in a national and regional meeting.
Community News

E&Y donates $500,000 to Indiana University Kelley School of Business

James S. Turley, chairman and chief executive officer of Ernst & Young LLP, presented Indiana University's Kelley School of Business with a $500,000 gift for a new program that will help the school be more inclusive and attract a more diverse student population. The gift, a combination of a grant from the Ernst & Young Foundation, the philanthropic arm of Big Four firm Ernst & Young, as well as matching gifts from Ernst & Young employees, will create the Ernst & Young Foundations for Leadership Program.
Education & Careers

Preying on the desperation of the unemployed

As many unlucky job seekers are learning the hard way, an ailing economy can bring out the worst in people.With the unemployment rate at a 17-year high, some job searchers are feeling desperate, making them vulnerable to scammers who are happy to take advantage by promising job placements in return for money or personal information that is later used for identity theft.Joe Epstein, 58, of Brentwood, MO, did not fall into a common trap. A recent e-mail from a staffing firm promised him a portal to a new job, about a year after he was laid off as a sales representative.
Technology

Financial literacy moves to Second Life

By Spencer Elliott, Ohio University Outlook Ohio University and credit union industry leaders have launched a new educational video game that uses the virtual world Second Life to teach financial skills to young people. The game, Credit Union Island, is designed for high school students. Based in the teen grid of Second Life, a simulated world with millions of users, the game enables players to guide their avatars through real-life financial decisions such as taking out a college loan, making car payments and buying a home.
Community News

Chattanooga-based Joseph Decosimo and Company announces scholarship program

Two scholarships bearing the Decosimo name were recently established in the College of Business at the University of Tennessee at Chattanooga (UTC) to reward outstanding accounting students. These student scholarship awards are among the largest provided in the College of Business.The children of Rachel and Joe Decosimo established the Decosimo Family Scholarship and principals at Joseph Decosimo and Company, PLLC, funded Decosimo & Company Awards in Accounting Excellence.
Education & Careers

U.K. study suggests bias against male accounting candidates

It appears that gender bias in the workplace is alive and well, however more cases of male gender bias were found in in England, while the female gender still faces an uphill climb in the states. A study in the U.K. blames "occupational segregation" for bias against male applicants for accounting and computer analyst positions.Economists sent two fake applications for more than 400 jobs for chartered accountants, computer analysts, engineers, and secretaries. Each applicant had equal experience, qualifications, and age profiling, but one bore the name Emma and one was Phillip.
Education & Careers

Stay current in your profession while looking for a job

Managing your own professional development while looking for a job can be a real challenge, but with a certain amount of planning, it can help to burnish the resume and open some doors. With the luxury of time, a rare commodity in the careers of most accountants, you can update your business and computer skills while expanding their technical expertise. Ideally, your continuing education program will encompass interests as well as needs, and will be enjoyable.Take Advantage of What's Free
Education & Careers

Preparing students for the realities of the financial world

How do you build a better student? Florida Atlantic University (FAU) knows the answer. Three years ago, they created a Trading Room which is as close to the real world of finance as possible. The Trading Room was the brainchild of the Dean of the College of Business, Dr. Dennis Coates, who realized they needed a better way to prepare students for the realities of the marketplace.