Education & Careers news

Education & Careers

UTPA Accounting Team Brings Home National Audit Case Title

Making the case for how auditors should handle renewable gambling licenses, the five-woman University of Texas-Pan American (UTPA) accounting team brought home the national title for the second straight year in the ALPHA/KPMG Audit Case Study competition.
Education & Careers

Teaching Financial Independence to the Next Generation

While some young adults know how to make money, they might not know how to manage it. Parents still usually control, or have a hand in controlling, their children’s personal and even their business finances. Protecting a grown child’s money may seem natural but with education costs, spiking home costs, not to mention rising loan and credit card debt, transitioning control might be the best idea.“What is new is the increasing number of young adults unable to succeed financially on their own,” said John Gallo, an estate-planning attorney speaking with the Associated Press.
Community News

Paton Accounting Center May Be Sacrificed

Efforts to modernize the University of Michigan’s Stephen M. Ross School of Business may cost it the Paton Accounting Center. The Center was built and dedicated to well-known accounting professor William Paton in 1976. Construction was financed entirely by former students and friends. Efforts to preserve the building are being led by Paton’s son, William Jr. who has a Ph.D.
Education & Careers

The Value of Ethics & Compliance Officers

Salary.com and the Ethics Officer Association (EOA) have announced the results of the 2005 EOA Survey of Ethics & Compliance Officer Jobs. The results of the survey indicate an increase in the value of ethics and compliance officers as gauged by their compensation.
Education & Careers

CPEs Can Lead to MBA

Continuing professional education (CPE) courses are part of life for every Certified Public Accountant (CPA). They are stepping stones to successful careers and practices.
Practice

Dress for the Job -- Appearance and Paycheck

Make sure to have a homework shirt in back-to-school wardrobes, says Ken Haller M.D., assistant professor of pediatrics at Saint Louis University School of Medicine according to Newswise. “What a child is wearing can really help him to buckle down and study.” Haller said that he first heard of the idea of wearing special homework clothes in a psychology class in medical school. Wearing the homework shirt helped him because it said it was time to study.
Practice

SOX Institute Takes Sarbanes-Oxley Training Program on the Road

“Last month, the Institute of Management Accountants reported that top management accountants and finance professionals pulled ahead of public accountants in both average salary and total compensation in 2004 as a direct result of Sarbanes-Oxley,” says Board Chairman Fw. CFE, CSOX, CSOXP. “This is an opportunity for us to reach those who want and need the education right where they are, and at a price they can afford.”The SOX Institute is taking its SOX training program on the road.
Education & Careers

Accounting Scholarships Expand Opportunties for Students

Not everyone who wants to become an accountant when they grow up can afford to. Scholarships play an important role in encouraging the next generation to pursue their chosen career. Recently, two groups awarded scholarships to accounting students for the coming academic year.Rhonda McSwain, an accounting major at Florence-Darlington Technical College, recently received a Thelma Brown Scholarship the Morning News Online of Florence, South Carolina reports.
Education & Careers

Choosing a Financial Planner Takes Some Research

Investors of all ages believe they need professional help to manage their money, leading them to question the best way to find a skilled financial planner they can trust.A new survey shows half of “GenX” investors (26 to 40 years old), 46 percent of “Boomers” (41 to 59) and 45 percent of “Matures” (60 to 82) say they “need the help of professionals” in managing their investments.
Education & Careers

American Hiring Up in July

The Department of Labor reports that American payroll jobs increased by 207,000 in July. This gain follows a June increase of 166,000. Both these figures are preliminary data. Employment gains hit a low in May 2003 but total nearly 4 million since that time as reported by the Bureau of Labor Statistics. The unemployment rate for July also remained steady at 5 percent.
Education & Careers

Computers Top Sales Tax Holiday Back-to-School Buys

Three-quarters of all Americans believe it is important for children to have access to a computer at home. Unfortunately, only 36 percent of those surveyed feel computers are affordable, according to the Consumer Electronics Association’s (CEA) 2005 Back to School Consumer Survey. Fortunately, a growing number of states are not only recognizing the important role computers play in education but also that they are a major expense for many families.
Education & Careers

Survey of Financial Pay in the Manufacturing Industry

The median annual income reported for Chief Corporate Financial Officers (CFO)in the manufacturing field is $130,032, but 10 percent make less than $87,414 and 10 percent make over $259,603. Of course, not all financial professionals working in the manufacturing industry are CFOs. Even among CFOs, pay varies widely with the fiscal size of the manufacturing firm. For example, CFOs in manufacturing firms with annual revenues of $10-$24.9 million have a median annual income of $111,916 vs.
A&A

AICPA: CPAs Have What it Takes to be CFOs

What does it take to be a good CFO? Expertise in accounting, financial reporting and internal controls, says the AICPA, and CPAs possess the skills to excel in the role.That's the position the AICPA lays out in a new white paper, "CPAs as CFOs: Why You Should Have a CPA in Your C-Suite." The paper outlines the many new demands on the CFO and how CPAs are particularly attuned to handle the variety of operational, financial and compliance challenges."There is a dual role for today's CFO," said AICPA President and CEO Barry C. Melancon, CPA.
Community News

Not Your Usual Summer Camp

The first day of camp is always exciting. The kids are eager for fun and ready to learn new things. For the group of middle-schoolers from across North Carolina attending Camp Challenge at the 4-H Education Center, it is more than that.
Education & Careers

Mark Your Calendar: Compliance & Ethics Institute

The Society of Corporate Compliance and Ethics (SCCE) is offering a rare look into the compliance and ethics programs at some of America’s leading companies during the 4th Annual Compliance and Ethics Institute.
Community News

Accounting Across State Lines

Greater client and workforce mobility has presented accountants with a number of unusual challenges. It’s not just the challenge of figuring out who owes what to which taxing authority, complex as that can be. It’s also making sure that the accountant, firm and client are operating legitimately.An easily overlooked footnote in KPMG’s tax shelter problems, demonstrates the challenges facing firms as they grow.
Education & Careers

The Number of Minority-Owned Businesses Expands

The Census Bureau reports that the number of minority and women-owned businesses have increased over a five year period between 1997 and 2002. Their Survey of Business Owners reveals that the total number of businesses increased at a rate of 10 percent or about 2 million. Minority and women-owned businesses have grown at an increasing rate. The number of businesses owned by Asians grew by 24 percent while African-Americans minority businesses grew by 45 percent. Hispanic minority businesses grew by 31 percent.
Tax

Expected Back-To-School Spending Increases

Back-to-school shopping is expected to increase this year according to MasterCard International’s second annual Back to School Spending Index survey. College age and under students might expect to have an average of $573 spent on them by their parents this year in preparation for the new school year according to the survey. The National Retail Federation reports that we Americans spent a total of $40.6 billion in back-to-school shopping in 2004.
Community News

Moms Avoid Cubicles, Work from Home

As fewer employers offer flexible work schedules, more mothers are turning to their home computers to find that elusive balance between making an income and raising their children.Mothers are using their child's naps or play dates to work from home. That way, they can make money and be involved in their kids' lives without stepping foot into a cubicle.
Education & Careers

Mark Your Calendar: A Three Year Retrospective of SOX

“The Sarbanes-Oxley Act: A Three-Year Retrospective” is the theme of the 2005 Annual Meeting of the American Accounting Association (AAA). The meeting, which is being held August 7-10, 2005 in San Francisco, California, offers attendees an opportunities to learn, communicate and network with others in the accounting industry.Among the speakers to be featured at plenary sessions, luncheons and the opening dinner include: Judy Rayburn, AAA PresidentDennis Beresford, Ernst & Young Executive Professor in the J.M.

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