Education & Careers news

Education & Careers

After SOX, Some CFOs Are Saying, 'I Never Signed Up For This'

In the last few years the role of the chief financial officer has been changing so fast that turnover is high, burnout is common and executives who succeed are quickly learning to be agents of change.With the advent of the Sarbanes-Oxley corporate reform legislation in 2002, CFOs are facing an avalanche of new regulations, strict deadlines, and tough scrutiny from investors and Wall Street analysts.SOX requires CFOs and chief executive officers to formally certify that their company earnings are accurate, among other rules, and the pressure to comply is forcing some CFOs out the door, ac
Community News

Professional Athletes Learn Business

Some kids dream about growing up to play football in the National Football League (NFL). Those lucky few who make it, often don’t dream any farther than that. The NFL and many individual teams, including teams sometimes considered “blue collar” like the Green Bay Packers, are working to help players prepare for life after football.“An NFL player’s career can end at any moment due to injury or being cut, and you have to be prepared,” 28-year-old Kabeer Gbaja-Biamila, a defensive end for the Packers told the Business Journal of Milwaukee.
Education & Careers

Gifts for Your Grad

It’s that time of year. Graduation. With so many choices, it might be a difficult to decide what to give your special graduate.
Community News

AICPA Names Outstanding Educator for 2005

Charles H. Smith, currently KPMG professor of Accounting at Penn State University, is the recipient of the American Institute of Certified Public Accountants’ (AICPA) Distinguished Achievement in Accounting Education for 2005.
Education & Careers

The Grad Gift That Saves Them Thousands of Dollars

The U.S. Department of Education recently announced that student borrowers, even those who are still in school or the grace period immediately after graduation, may consolidate existing government-backed students loans and lock in the low interest rates currently available.
Education & Careers

Federal Reserve Board: The Next Generation

If President Bush is having trouble finding someone to fill Alan Greenspan’s shoes as Chairman of the Federal Reserve, he might want to extend his search to students at Pittsford Mendon High School in Rochester, New York. They even have experience in the job, having won the 10th Annual Fed Challenge.The Fed Challenge is an academic competition providing high school students an insider’s view of how the Fed makes monetary policy.
Practice Management

Demand For Certified Bookkeepers Outpacing Supply

In the seven years since bookkeeper certification was introduced, 10,000 bookkeepers have registered for certification. Another 15,000 have requested information on the certification process.
A&A

Calendar: Succession Planning Webcast

Succession planning consistently ranks among the top issues facing businesses of all sizes and types. According to a survey conducted by the Private Companies Practice Section (PCPS) of the American Institute of Certified Public Accountants (AICPA) in 2004, 56 percent of CPA firms have at least one partner retiring in the next five years.
Education & Careers

Employee Background Checks on the Increase

A new online employment screening company is offering a quick way for employers to check the educational and work histories of potential employees.Employers can turn to www.Employact.com to conduct background checks, education verification and pre-employment screening to weed out applicants who list on their resumes fake diplomas or degrees from online diploma mills.“Our employment screening process will put the diploma mills out of business,” said CEO Samuel Anderson in a press release.
Technology

Kaplan Introduces New CPA Exam Study Tools

No one said passing the Certified Public Accountant (CPA) exam was easy. Even if it were, not everyone who studies accounting in college wants to take the CPA exam immediately upon graduation. As a bill passed last week in Maine requiring future state auditors to have CPA designation, demonstrates, more and more jobs in accounting and finance are requiring CPA certification.The rising demand, and corresponding salary increases, for CPAs is making some professionals rethink their decision not to sit for the test.
Education & Careers

Defense Finance & Accounting Services Facilities May Close

Last week the Pentagon released a preliminary list of military bases being recommended for closing including 33 major bases. The plan would save $48.8 billion over 20 years. The closures and downsizings would take place over a six-year period beginning in 2006. Two of the facilities recommended for closure and consolidation are the Defense Finance and Accounting Services (DFAS) in Orlando, Florida and Rome, New York.
Education & Careers

A Conversation With...Eva Lang

Recently, AccountingWEB had the opportunity to sit down and talk with Eva M. Lang, CPA/ABV. ASA.executive director of the Financial Consulting Group, the largest alliance of business valuation and consulting firm in the United States. Ms. Lang is a nationally recognized teacher, speaker and author. In 2004, she was named to AICPA Business Valuation Hall of Fame for her contributions to the advancement of the business valuation profession.
Community News

SEC Taps Thompson for Top Enforcement Job

On Thursday, May 12, 2005, Linda Thompson became the first woman Enforcement Director at the Securities and Exchange Commission (SEC).“I am honored by this appointment and am committed to maintaining the traditions of excellence and fairness that have been the hallmarks of the Commission’s enforcement program,” Thompson said.Thompson, who joined the SEC in 1995 and became deputy enforcement director in 2002, has overseen and supervised numerous investigations including the SEC’s ongoing investigation into Enron.
Education & Careers

AICPA Launches New Education Resource

The Accounting Education Center at www.aicpa.org, provides users with education and curriculum development programs, student recruiting resources, scholarship and award information and a variety of publications, reports and other studies.Information on the site is divided into five categories:Education and Curriculum DevelopmentCareer AwarenessScholarships and AwardsPublications, Reports and StudiesMinority InitiativesWithin the Education and Curriculum Development section, users will fi
Education & Careers

Accounting for Success

In a state known for its athletic prowess, members of the Grady High School University Interscholastic League (UIL) accounting team swept the top three honors in their first year of 5A competition earlier this month. They are hoping to continue their winning ways at the regional academic event held Saturday at Texas Tech University. If the team claims top honors at the regional event, they could be on their way to Austin for the state competition.“We wanted to set the standard for 5A,” accounting coach Connie Stone told the Hood County News.
Education & Careers

National Pay Equity Day

April 19, 2005 is National Pay Equity Day. Each year the National Committee on Pay Equity (NCPE) organizes one day dedicated to raising awareness about issues of unfair pay among women and people of color. Pay Equity Day is observed in April because that is how long into the current year a woman must work to earn the same as a man earned the previous year. A Tuesday was selected because that is the day when women’s wages catch up with men’s wages from the previous week.It is tempting to think that the wage gap no longer exists.
Practice

New Accounting Graduates Paid More

The average starting salary of graduates with degrees in accounting have risen 3.9 percent since the same period last year, according to the spring salary survey from the National Association of Colleges and Employers.Accounting graduates can expect offers averaging of $43,809. Economics and finance graduates can expect to see offers of $42,802, which is an increase of 5.1 percent over the previous year. This increase is in part due to financial and treasury analysis offers averaging.
Education & Careers

Accounting Gets Sexy

The day of the accountant has arrived! After years of working in small offices under the shadow of the glamour jobs in the investment and banking industries, accounting has become HOT! Despite popular perception, it didn’t happen overnight.High-profile fraud cases from Enron to WorldCom to AIG, at first appeared to be giving the accounting industry a black eye. Instead, as the amount of regulation on companies, both public and private, increases, so has demand for accounting and auditing services.
Community News

Accounting Professor Named Dean of Business School

The University of Washington has named Jim Jiambalvo, a professor of accounting, dean of the university’s business school, pending approval by the school’s regent. Jiambalvo, who has been with the business school since 1977, is expected to start his new job May 1, 2005. In announcing Jiambalvo’s nomination for the top job, university officials said that one of his key goals will be raising money for the creationa nd construction of a ne business school complex.
Education & Careers

New Name, Better Benefits for Education

Americans, in general, are not savers. Not even when the reason for saving is a good one: education. Uncle Sam has decided to try to encourage saving for education by renaming and revamping the education IRA.The new program is called a Coverdell Education Savings Account or ESA. It was created as an incentive to help students and their parents save for education expenses. Like the education IRA, an ESA is set up for a beneficiary under the age of 18.

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