SEC Guidelines: Rules and Regulations 2006

This reliable and convenient guide gives you all the major regulations, forms, and recent promulgations -- fully updated to guide you in the preparation of financial statements and compliance with SEC registration and reporting requirements.

What do you want to be when you grow up? If you're expecting to hear "fireman" or "doctor" or "artist", you are in for a surprise. Many young people today are saying "accountant".

"There was a stigma to being an accountant. Nowadays it's really not like that. It's one of the hottest majors," Laura Holmes, an accounting major at California State University in Sacramento, and president of a student chapter of the Institute of Management Accountants (IMA).

Holmes, a second-generation accountant, hopes to pursue her accounting career in a microbrewery. She also wants to obtain her certified public accountant (CPA) certification and her certified management accountant (CMA) designation.

She is not the only one. Colleen McDonald, who is entering her senior year at Western Illinois University, hopes to work at a publicly traded company that puts her in a public atmosphere. She's considering getting her master's degree sometime after graduation.

"I like the numbers aspect of it, and I'm a people person," McDonald said. "You're not going to get stuck behind a desk. You can socialize and talk with people."

Whatever career paths the future holds for the next generation of accounting professionals, one thing is certain: "If you get a degree in accounting you can [pursue] business, management or finance," McDonald says. "But if you have a degree in any of those [areas], you can't get a job in accounting."

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