Education & Careers news

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.
Education & Careers

Quick route to CPE credit

Accounting professionals never procrastinate. But in case you've been so busy that you've lost track of time and find yourself trying to "beat the clock" to meet your CPE requirements, CCH Tax and Accounting offers the CCH Testing Center. The Testing Center can be used to review print self-study course materials, which are available as PDF files, and complete the final exams online. You can complete the test any time, any day, receiving your results and CPE credits instantly.
Education & Careers

Students are reminded to prepare FAFSA in January

January 1 is the first day that students planning to attend college next fall may submit the Free Application for Federal Student Aid (FAFSA) and begin the financial aid application process.
Education & Careers

It's final exams time - check out these last minute tips

The Learning Assistance & Resource Center at West Chester University of Pennsylvania is pleased to offer the following tips to help students who are preparing for final exams:Review should come early while material is still fresh in your mind. The first reading of the material should be followed by a break of several hours before a second reading of the same material. Predict exam questions using as many as possible resources including questions the textbook, chapter headings, class notes, and previous quizzes and exams.
Education & Careers

PwC report outlines expectations of new, younger workforce

A new global report from PricewaterhouseCoopers, "Managing Tomorrow's People: The Future of Work to 2020," illustrates how organizations need to adapt to the demands of a rapidly changing world and provides scenarios of future business models to help companies anticipate change and address how they will attract, retain, and motivate the people they will need in the future. PwC surveyed 2,793 graduates from China, the U.K. and U.S.
Education & Careers

New student-focused web site provides info on becoming a CPA

Using the latest in graphics and flash technology, the Texas Society of CPAs has unveiled its new website for high school and college students: Destination CPA.Not just for Texas students, anyone interested in becoming a CPA can learn about what it takes to get the credential and the types of jobs available to CPAs. Job search strategies are provided, including tips for resume-writing, and there are links to a variety of CPA exam review providers.Virtual popcorn is provided to accompany a mock drive-in movie about choosing accounting as a career.
Community News

Accounting firm donates $100k to business college

Ehrhardt Keefe Steiner & Hottman PC, the largest Colorado-based accounting and business advisory firm, has announced that it is giving the University of Northern Colorado's Monfort College of Business $100,000 over the next 10 years.Robert B. Hottman, CEO of EKS&H, said the gift is a way to recognize and support the college's accounting program and faculty for their commitment to educating students from their college career to their professional career in accounting.
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.
Education & Careers

AGA announces case challenge for undergraduate students

The deadline is approaching for the Association of Government Accountants' First Government Finance Case Challenge. Set to begin Oct. 15, 2007, the challenge will expose students to a thought provoking government financial management case that they could face in their professional careers. Note: This competition is only open to currently enrolled college undergraduate students. Team captains should register the entire team entering this competition.Participating student teams will collaboratively analyze and offer a written response to a case centered on how a U.S.

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