Students

Education & Careers

The Accounting Profession in 2006

A new study shows about 25 percent of those in the accounting or finance profession are dissatisfied in their current jobs. Some 33 percent said they planned to find a new job in 2006. The survey, Job Forecast 2006 – Accounting/Finance was conducted in late 2005, by CareerBuilder.com.CareerBuilder.com collected survey responses from more than 150 accounting and finance workers between November 15 and December 6, 2005.
Education & Careers

Tweens Savvy About Savings

The next generation is learning financial prudence, according to a survey of American “tweenagers” conducted by Weekly Reader Research and the American Institute of Certified Public Accountants (AICPA). When asked what they would do with a gift of $100, 59 percent of children between the ages of 9 and 12 indicated they would save at least $50.The announcement of the survey results, coincide with the launch of a special “Budget Buzz” program.
Community News

Students Find Real Solutions for Local and Game Businesses

In response to immediate problems experienced by local businesses in the Bloomington, Indiana area, a program established by Indiana University is finding solutions. Each fall semester, graduates students in their Kelley School of Business complete field consulting projects while being mentored by faculty advisors. More than 20 teams of four or five graduate students from the MBA in Accounting (MBA/A) and the Master of Professional Accountancy (MPA) programs partner with local businesses to complete these field consulting projects.
Practice Management

What Is Environmental Accounting?

Environmental Management Accounting (EMA) is a cover title used to describe different aspects of this burgeoning field of accounting. The focus of EMA is as a management accounting tool used to make internal business decisions, especially for proactive environmental management activities.EMA was developed to recognize some limitations of conventional management accounting approaches to environmental costs, consequences, and impacts. For example, overhead accounts were the destination of many environmental costs in the past.
Education & Careers

My Perspective on State v. National Qualifications

Each state has their own educational requirements for sitting for the NASBA-administered (National Association of State Boards of Accountancy) CPA exam. Haven’t you ever wondered why the decision of who is qualified to sit for the exam is decentralized and left to each state, even though the exam that each candidate takes is the same, regardless of which state qualified you?
Education & Careers

Accounting Education: UT Retains Top Ranking

In its annual ranking of accounting programs, Public Accounting Report has given No. 1 status to The University of Texas at Austin's McCombs School of Business.It's the university's 11th No. 1 ranking by Public Accounting Report, according to a survey of accounting professors and college department heads. “It's all about the faculty,” said Ross Jennings, who leads the winning “accounting team” at the University of Texas.
Tax

CCH Learning Center Adds 2 New Specialized Libraries

Two new specialty libraries, the Accounting and Audit Specialty Library and the Sales and Use Tax Specialty Library have been added to the CCH Learning Center just in time for those working to complete their continuing professional education (CPE) requirements for 2005 or year-end financial reports.
Community News

History Made at Deloitte Tax Case Study Competition

The Mason School of Business at the College of William and Mary made history this month when both undergraduate and graduate teams took first place for their divisions in the Deloitte Tax Case Study Competition held in Orlando, Florida. William and Mary is the first university to place first in both divisions.As a member of the undergraduate team, I was really excited at the Awards Brunch on Sunday morning when the announcement was made that the W&M graduate team had received first place.
Technology

Computerized CPA Exam Transforming Education, Workplace

Changing the Uniform CPA Examination to a computerized test meant far more than switching from pencil and paper to a keyboard – not only for CPA candidates, but for accounting professors and employers as well.When the computerized exam began in April 2004, it was called the most significant change in the licensing of CPAs in the profession's 100-year history.With the change in format came differences in the knowledge and skills candidates are expected to demonstrate.
Education & Careers

Accounting Professor Named Governor’s Professor of the Year for South Carolina

Christine Crosby, who teaches accounting at York Technical College, was named the 2005 Governor’s Professor of the Year for South Carolina’s two-year colleges in a ceremony last Thursday at the state Capitol Rotunda. The formal citation is accompanied by a $5,000 check.Ms. Crosby served as Accounting Program Manager, the equivalent of department chair, at York Tech for 10 years but left that position in 2005 to return to full-time classroom teaching and academic advising, according to a biography on the South Carolina Commission on Higher Education (CHE) web site.
Tax

Tax Breaks for Dutch Witches

A court in the Netherlands has ruled that witchcraft lessons are tax deductible, the Associated Press (AP) reports. On September 23, Reuters reports, the Leeuwarden District Court reaffirmed the legal right of witches to write off the costs of learning to cast spells, practice divination and brew potions as long as it increases the possibility of employment and personal income.“Once you become a witch…you can pass along things you have learned,” Margarita Rongen, operator of the “Witches Homestead” in the northern Friesland province told the AP.
Practice Management

Wanted: Accounting Grads, Willing to Pay Gym Fees

Overworked accounting executives are finding that great pay and benefits aren't enough to attract top talent.Satisfying the crushing demand for accounting services means getting creative: offering athletic club memberships, flexible work schedules, telework options, bonuses, training opportunities and the intangibles, such as a positive “work environment” and “work-life balance.”
Education & Careers

Wearing Your Career Aspirations on Your Sleeve

Student members of the Texas Society of Certified Public Accountants (TSCPA) were given “CPA 2B” and “Born 2B CPA” temporary tattoos as part of a lighthearted summer membership promotion. Student members were encouraged to take a picture while wearing the tattoos on their summer vacation and submit them to TSCPA.Entries showed TSCPA student members displaying their temporary tattoos as far away as the streets of Spain and the mountains of Peru and as close as a backyard pool in Texas. All submissions were entered in a random drawing for four $250 prizes.
Community News

Illinois CPA Society Offers Future CPAs Scholarships

The Illinois CPA Society has announced its annual Accounting Scholarship Program. The Society also announced two additional scholarship programs – the Herman J. Neal Scholarship Program and the Women’s Executive Committee’s Advancing Women in Accounting Scholarship.The Accounting Scholarship Program awards up to six scholarships of up to $4,000 each to outstanding accounting students and planning to become CPAs, who demonstrate both academic achievement and financial need. Applicants to this program must be a U.S.
Education & Careers

One Firm’s Answer to the 150 Credit Hour Requirement

For many younger employees, benefits can seem pretty irrelevant. Not at Beers & Cutler, a leading accounting and consulting firm in the Washington, D.C. metropolitan area. On Monday, Beers & Cutler announced its 150 Hour Tuition Reimbursement Program.The program is an innovative tuition reimbursement program to assist qualified undergraduate and graduate students in meeting the 150 credit hour requirement in order to sit for the CPA exam.
Technology

Senate Approves Second Accounting Rules Exemption for E-Rate

The U.S. Senate approved a second temporary exemption for Federal Communication Commission’s (FCC) E-Rate program last week Reuters reported. The exemption, according to Reuters, eases the accounting rules governing the funds subsidizing Internet connections to libraries and schools. “This is merely a short-term solution to a problem that must be resolved.
Education & Careers

Starting Salaries Increase for Accounting Grads

Accounting firms lead all other employers in hiring new college graduates according to the summer 2005 issue of Salary Survey of the National Association of Colleges and Employers (NACE), the Westchester County Business Journal reports.
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.

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