Students

Education & Careers

What’s YOUR Weakest Link? Building a Strong Job Search Chain

By, Deborah Walker - A chain is only as effective as its weakest link—and you don't know which link is weak until the chain is tested. If your job search is falling short, one of your job-search skills may be the weak link. By analyzing your chain of job search skills, you can build a stronger chain, one that can stand up to any test.There are three critical links in your job search chain. Consider each of them carefully to determine your weakest link, then work to strengthen that link.
Education & Careers

Certification Puts Bookkeepers in Key Financial Role

The bookkeeper, once viewed as a crotchety toiler in a green eyeshade who kept the books for a small business, today has emerged as an essential professional relied upon as a key source of advice for best accounting practices and protection against embezzlement and fraud.Small businesses often have only a bookkeeper as their sole financial officer.
Education & Careers

IL CPA Society Announces Scholarship Programs for Future CPAs

The Illinois CPA Society announces its annual Accounting Scholarship program that offers scholarships to accounting students who are planning to complete their final year of education needed to sit for the CPA Examination in Illinois. The scholarship program, which is funded by the CPA Endowment Fund of Illinois, will award up to 6 scholarships of up to $4000 each to those outstanding students who show significant potential to become a CPA and who demonstrate academic achievement as well as financial need. In addition, the Herman J.
Education & Careers

GAO Report: Subsidy Payments To Student Loan Lenders Rising

To encourage lenders to make student loans under the Federal Family Education Loan Program (FFELP), the federal government guarantees lenders a statutorily specified rate of return—called lender yield. Some lenders mayissue tax-exempt bonds to raise capital to make or purchase loans; loans financed with such bonds issued prior to 10/1/93 are guaranteed a minimum lender yield of 9.5% (hereafter called 9.5% loans). When the interest rate paid by borrowers is less than the lender yield, the government pays lenders the difference—a subsidy called special allowance payments.
Tax

Treasury and IRS Grant Relief In Student Loan Rules

The Treasury Department and the Internal Revenue Service today issued a notice relating to information reporting for the deduction of interest paid on qualified education loans. "The notice issued today provides administrative relief to lenders and borrowers," said Acting Assistant Secretary for Tax Policy Greg Jenner. "Penalties will be waived for lenders who need additional time to update their reporting systems.
Tax

MBA Students May Lose Tax Deduction

The days of being able to deduct the expense of attaining a master's degree in business administration may be over.The U.S. Tax Court ruled against Tracy McEuen earlier this month, mostly because she didn't return to her previous job after earning her degree.
A&A

CPA Candidates, Educators can get Access to Free Professional Literature

The Uniform CPA Examination consists of multiple-choice questions and condensed case studies called simulations. Within the simulations, candidates must do an online search of professional literature databases to answer questions. Here are some ways that candidates, students, educators, and schools can get access to helpful online resources. CPA exam candidates can get a free six-month subscription to professional literature used in the computerized CPA Examination. This online package includes AICPA Professional Standards, FASB Current Text, and FASB Original Pronouncements.
Education & Careers

Corporate Scandals Attract Students to Accounting

Have accountants finally shed their dry bean-counter image? Can accounting be viewed as a ‘sexy’ career choice?Maybe so, if the number of new accounting majors among college freshmen is any indication. Academics say the seemingly never-ending series of corporate scandals over the last few years has piqued the interest of today’s students.Consider these numbers provided by the AICPA and reported by the Wall Street Journal: The number of accounting degrees awarded nationwide in 2003 jumped 11 percent from the year before.
Education & Careers

High School Students Find Accounting Has Strong Appeal

A high school internship program has exploded some myths about accounting while encouraging more Albany-area minorities to consider a career in the field.Jihad Ramdene, 18, will start at the state University at Albany as a business major in the fall, much to his own surprise.
Community News

Three Things Every Recruiter Looks for in a Resume

By Deborah Walker, CCMCIf you are in the middle of a job search, recruiters can be either your friend or your foe. They make the choice to keep you out of the hiring process or to introduce you to corporate hiring decision makers. The quality of your resume is a key factor in determining how recruiters will treat you in the job market.
Education & Careers

Graduates May See Student Loans Tied to Variable Rates

A proposed change in how much interest should be paid on federal student loans has divided education groups as well as congressional Democrats and Republicans.The proposal, which is part of the reauthorization of the Higher Education Act, would tie federal student loans to interest rates as they change each year.
Practice Management

Workplace Harassment is Not Just about Sex Anymore

Last year the U.S. Equal Employment Opportunity Commission (EEOC) resolved 87,755 charges of employment discrimination for $236 million in monetary and other benefits. Sexual harassment and gender-related claims made up only 30 percent of the cases. So what are employers doing wrong now? The largest number of EEOC complaints (35.1 percent) came from allegations of race discrimination.
Practice

One-in-Five Women Are Paid Less and Have Fewer Career Opportunities

Pay disparity continues to be a concern for one-in-five women who say they are paid less than men with similar talents and experience. The same amount of women reported they have fewer opportunities for career advancement than men at their current organizations, according to a new CareerBuilder.com survey. The CareerBuilder.com "Men and Women at Work 2004" survey of men and women was conducted from April 6 to April 19, 2004. When asked why they think men are paid more, four-in-ten women attribute it to favoritism shown by men in management to other men in the organization.
Tax

Treasury Issues Final Regulations On Student Loan Interest Deduction

The Treasury Department and the Internal Revenue Service this week issued final regulations relating to the deduction for interest paid on qualified education loans. "The final regulations issued today clarify which amounts qualify for the student loan interest deduction to ensure that students obtain the maximum deduction permitted under the law," said Acting Assistant Secretary for Tax Policy Greg Jenner.
Education & Careers

For Interview Success Start by Asking the Right Questions

Often the greatest interview anxiety focuses on trying to anticipate all the correct answers to interview questions. Equally important, however, are the questions YOU ask the interviewer.
Education & Careers

Recruiters Searching for MBA Grads in Finance and Accounting

Companies that hire MBA graduates are more optimistic about their recruiting plans this year. Only half are blaming the economy for limiting their hiring, compared to 69 percent only two years ago, according to the 2004 Corporate Recruiters Survey just released by the Graduate Management Admission Council® (GMAC®).Improvement in the economy has also allowed more companies to hire new MBAs.
Education & Careers

Employers Expect to Increase College Hires by 11.2 Percent

New college graduates embarking on the job search have reason to be cautiously optimistic. Employers say they plan to hire 11.2 percent more new college graduates from the Class of 2004 than they hired from the Class of 2003, according to a new report published by the National Association of Colleges and Employers (NACE).
Education & Careers

Computer Based CPA Exam Officially Launched

The American Institute of Certified Public Accountants (AICPA), the National Association of State Boards of Accountancy (NASBA) and Thomson Prometric have officially launched the computer-based Uniform Certified Public Accountant (CPA) Examination.The CPA Examination, which has a long and trusted history in the licensing of CPAs, will now be delivered on behalf of boards of accountancy through 300 Thomson Prometric testing labs in the United States, the District of Columbia, Guam, Puerto Rico and the U.S. Virgin Islands.
Education & Careers

Resume Posting vs. Resume Distribution—Do You Know the Difference?

The electronic age has revolutionized the way job seekers and employers meet. The marvels of online automation take the volume of resume traffic to levels unimagined only a few years ago. With services to job seekers expanding continually, it’s important to understand the different options available to increase the exposure of your resume to potential employers and recruiters.Two such services are Resume Posting and Resume Distribution. Do you know the difference between them?
Community News

UCLA Rattles Accounting Students with Program Changes

Acknowledging the changing times confronting the accounting profession, UCLA has made some controversial changes to its accounting minor requirements, forcing some students to attend summer school so they can finish on time.Realizing the accounting program isn’t producing the desired amount of CPAs, UCLA officials took steps to make their program more competitive and to make graduates more appealing to accounting firms."The changes come in line with the fact that accounting has changed a lot and our program hadn't," David Aboody, the area chair and associate professor of accounting at

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