Education

Tax

1995 IRS Education Requirements Upheld

The Federal Labor Relations Authority (FLRA) has ruled that the Internal Revenue Service (IRS) can raise the educational standards of new revenue agents, according to the Washington Post.
Education & Careers

Most Popular MBA Is the Finance MBA

Visitors to the Master of Business Administration (MBA) section of WorldWideLearn.com, an online education resource, showed more interest in the Finance MBA than any other type of MBA during the second quarter of 2006. The Operations and Supply Chain Management MBA was the second most popular choice.

Raises Harder to Come by, College Graduates Find

Salaries among the ranks of college-educated, white-collar American workers are eroding for the first time since the 1970s, as globalization adds a new twist to the U.S.
Practice Management

NC State Wins Annual Student Case Competition

Representing North Carolina State University, the team of Hannah Sadler, of Cary, N.C., and Jason Matthews, originally from Kansas City, Mo., and currently of Raleigh, N.C., were declared the winner of the Institute of Management Accountants’ (IMA’s) annual Student Case Competition following a live finalist presentation at IMA’s Annual Conference and Exposition.“IMA’s student Case competition is an excellent opportunity for accounting students to develop their strategic planning, decision making and presentation skills – critical skills required for success in the management acc

New Resources for Auditors Available

Two new resources are available for auditors.

July 13 is Summer Learning Day

“The overarching goal of Summer Learning Day is to celebrate the importance of high-quality summer learning opportunities in the lives of young people and their families,” Rob Fairchild, director of the Center for Summer Learning at the John Hopkins University, which sponsors the observance.Today, 21 cities will celebrate the third annual National Summer Learning Day, dedicated to the importance of high-quality summer learning opportunities to prevent K-12 students from succumbing to the “summer slide”.

IFAC Issues New Standard on Auditor Competence

“A primary way that the accountancy profession protects the public interest is by requiring that all audit professionals have the necessary skills and training to perform their roles effectively,” Henry Saville, International Accounting Education Standards Board (IAESB) chair, said in a prepared statement announcing the new standard.
Education & Careers

University Accounting Programs Receive Gifts

Kansas State University, located in Manhattan, Kansas, recently received a gift of $38,400 from the accounting firm of Grant Thornton, located in Wichita. The Wichita Business Journal reports this commitment will go to the K-State University Foundation Changing Lives Campaign and will be used to help establish the Grant Thornton Department Head Fellowship in Accounting.The university also received an undisclosed amount from Brenda and Gib Compton to the Changing Lives Campaign that will be used to establish four scholarships, a fellowship and a building fund.
Practice Management

Top CMA and CFM Performers Announced

The Institute of Certified Management Accountants (ICMA), the certification division of the Institute of Management Accountants (IMA), on Wednesday announced the top scoring performers for the Certified Management Accountant (CMA) and Certified Financial Manager (CFM) examinations for the Winter 2006 period.
A&A

Asset Loss Costs Average School District $250,000 a Year

The average school district loses nearly a quarter of a million dollars annually to asset loss and damage costs, according to a recent study of district asset management.

Government in Canada Wants Better Access for Internationally Trained Accountants

Legislation that that will standardize and ensure fairness for the licensing process in Ontario for internationally trained professionals, including accountants, was introduced on June 8 by Mike Colle, the Province’s Minister of Citizenship and Immigration, the Toronto Sun reports.
Education & Careers

Tight Job Market Can Mean Increased Workloads for Accountants

Demand for accountants continues to exceed supply in 2006, and while employers are offering higher salaries and more benefits in an effort to keep their employees, low staffing levels are creating high pressure and resulting in even longer hours for many accountants, Times Argus reports. Finance professionals who feel overworked rose from 42 percent in 2004, to 53 percent this year, according to a survey from CareerBuilder.
Community News

InfoBytes Becomes CPExpress as AICPA Enhances Online CPE Library

The American Institute of Certified Public Accountants (AICPA) is re-releasing their popular online learning library of continuing professional education materials as CPExpress. Advertisement
Education & Careers

IRS Offers More Special Enrollment Examination Details

The Internal Revenue Service (IRS) has announced further details of the Special Enrollment Examination (SEE) in 2006. The newly announced details vary slightly from those anticipated in April when the IRS announced Thomson Prometric had been selected to develop and administer a computer-based version of the exam on behalf of the IRS.
Tax

Commercial Property Owners Get First Look at Energy Efficiency Deduction Procedures

The Internal Revenue Service (IRS) last week issued an advance copy of Notice 2006-52 on how commercial building owners or leaseholders can qualify for the tax deduction for making their building energy efficient.
Community News

IFAC Seeks Nominations to International Accounting Education Standards Board

The International Federation of Accountants (IFAC), the global organization for the accountancy profession, is seeking nominations for a public member for the independent International Accounting Education Standards Board (IAESB).
Education & Careers

Schools Expand Accounting Programs; Add New Courses

Job prospects remain bright for accounting graduates and the number of students enrolled in accounting programs continues to grow in some areas of the country.
Community News

Karen Pincus Earns Distinguished Achievement in Accounting Education Award

“The future of our profession is built on the quality and the number of the young people who join us,” Leslie Murphy, American Institute of Certified Public Accountants (AICPA) Chair explained while presenting the Distinguished Achievement in Accounting Education Award to Karen V. Pincus, Chair of the Department of Accounting at the University of Arkansas. “That, in turn, depends on whether quality people decide to study accounting and how well they are trained in their collegiate and post-collegiate education.
Technology

New IFAC Handbook Helps Accountants Hone Ethics, Auditing Expertise

A new electronic handbook enables accountants worldwide to hone their ethics skills and auditing expertise, regardless of whether they are connected to the Internet or not. Eurofield Information Solutions Pty. Ltd.
Community News

Boston CPA Offers Free Financial Training to 1,000 Entrepreneurs

Carole A. Symonds, CPA, MST is offering small business owners an avenue to learn how to make their businesses more profitable and increase their earnings. The first 1,000 small business owners applying for online training at www.MillionaireManager.com before June 30, 2006, will receive training valued at $3,100 and previously available only at live seminars. A $37.00 registration fee applies.“95 [sic] percent of businesses fail.

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