Students

Education & Careers

Preview of the CPA exam of the future

The American Institute of Certified Public Accountants' (AICPA) Board of Examiners (the Board) has approved CBT-e, a multi-year project for Uniform CPA Examination improvements, and work is currently underway in content-related, operational, psychometric, and system areas toward the CPA exam of the future. Specific improvements proposals were reviewed and commented on by state boards of accountancy, academic programs, accounting firms, and CPAs working in public accounting and based on these comments, the Board of Examiners approved work on five proposals.
Education & Careers

Additional education tax credits available for some students

For certain students and the parents of certain students, there could be additional tax relief available on their 2008 tax return in connection with tuition paid by December 31, 2008. On October 3rd, the Emergency Economic Stabilization Act was signed into law, and that law included a two-year extension for two education tax breaks, the Hope Credit and the Lifetime Learning Credit.
Education & Careers

Meeting the 150-hour requirement in New York and Pennsylvania

By Anne RosivachNew York and Pennsylvania have joined the 47 states and territories that already require 150 credit hours for CPA licensing. The latest state to mandate the change is Pennsylvania, where on July 10 Governor Edward Rendell signed a bill amending the state's CPA law to require 150 credit hours and one year experience in public accounting for licensure. The education and experience changes will go into effect as January 1, 2012.
Education & Careers

Grant Thornton voted best firm for work/life balance by accounting educators

In Public Accounting Report’s 27th Annual Survey of Accounting Professors, Grant Thornton LLP again topped the list of the global accounting firms as the U.S. firm they considered to be the most ethical and the best for work-life balance, for the second consecutive year. In addition, the firm placed amongst the top four in diversity and client service. "I am pleased to see that our firm has been recognized as an organization dedicated to ethical principles and the value we place on keeping exceptional people," says Grant Thornton CEO, Ed Nusbaum.
Tax

Deloitte announces winners in National Tax Case Study competition

After facing nearly 60 interscholastic teams in the regional events and 12 teams in the national rounds of the Deloitte Tax Case Study competition, two teams have been announced as winners in this annual event. At the national finals, Brigham Young University earned top honors in the Graduate Division and the College of William and Mary won in the Undergraduate Division.
Education & Careers

MarketWatch makes buying stocks fun and games

Maybe MarketWatch is onto something. Investing may only be safe if you do it their way: in a free, online simulation trading game.It's not for real, but the lessons are. It's called virtualstockexchange.com, and there's no risk involved. You can set up your portfolios to include stocks and funds traded on the NYSE, Nasdaq, and AMEX exchanges.
Education & Careers

KPMG survey of accounting students discloses what students look for in jobs

Accounting students said career opportunities would be their primary consideration when choosing an employer while work/life balance would be their primary concern once they have entered the workforce, according to a recent survey conducted by KPMG LLP, the audit, tax and advisory firm. In the KPMG survey of 2,026 accounting students nationwide, 43 percent said career opportunities would be their top criteria when choosing an employer, followed by 20 percent who said an employer's reputation and culture. Salary and benefits, at 14 percent, was much lower among factors.
Education & Careers

How to spot a job applicant with critical thinking skills

We've all known or worked with people who are unable or unwilling to solve problems on their own. They're the ones who seek support for the smallest issue. Employees like that may be fine for non-challenging tasks. But in a CPA firm, you need a workforce that can analyze the options, exercise good judgment, and make decisions. In other words, you need employees who can think critically. Unfortunately, this is not a skill that can be taught. So...
Tax

Accounting students learn how to crack the case

Collecting clues, gathering evidence, and following the trail to find criminals has an undeniable appeal, but few college students make any connection between those skills and the skills of an accountant.The IRS has been making a methodical effort to change that misconception by holding mock fraud investigations in colleges and universities around the country.
Education & Careers

Economy not expected to impact hiring of college grads

Employers have revised original hiring projections and now expect their college hiring to stay even with last year's levels, according to a new report from the National Association of Colleges and Employers (NACE).In light of volatile financial markets this past month, NACE recently re-polled employers that had provided hiring projections in August. The result: Compared to their earlier projections, responding employers expect to decrease their hiring levels by 1.6 percent.
Education & Careers

Illinois CPA Society offers scholarships to accounting students

Faced with rising costs and fewer funding sources, college students who are pursuing a degree in accounting and planning to become Certified Public Accountants (CPAs) can apply to the Illinois CPA Society for scholarships of up to $4,000 to cover tuition, books and fees.
Education & Careers

New generation of workers want technology their way

Millennial generation students and employees (those aged 14 to 27) expect to use their own technology and mobile devices for work and are increasingly choosing their place of employment based on how accommodating companies are to their personal technology preferences, according to a survey released today by Accenture. In addition, more than half (60 percent) of Millennials are either unaware of their companies’ information technology (IT) policies or are not inclined to follow them.The survey, which queried more than 400 U.S.
Education & Careers

High school students compete in National Financial Literacy Challenge

High school students across the country will compete in this fall's National Financial Literacy Challenge, vying for scholarships and other awards. Apart from the recognition students and teachers can earn from the U.S. Treasury, Charles Schwab Foundation offers college scholarships to students with the highest scores.Administered by the U.S.
Tax

Long Island students will be IRS agents for a day

Business owners skimming funds from their company. A bar owner who keeps two sets of books. A multi-filer tax scheme. As special Internal Revenue Service agents for a day, students from Long Island University's Brooklyn Campus will see what it is like to solve white-collar crimes like these. Working with real IRS agents on pretend crime investigations, students will be introduced to forensic careers in accounting.
Education & Careers

Pennsylvania accounting students test themselves in XBRL essay contest

Sharp technical skills are a must to find success in the field of accounting, but so is the ability to communicate clearly.
Education & Careers

Annual Deloitte collegiate tax competition kicks off

More than 230 students from 44 colleges and universities gathered at 11 regional sites across the country on October 18, 2008 to tackle real world tax issues and compete for scholarship awards in the seventh annual Deloitte Tax Case Study Competition. This prestigious national collegiate competition attracted nearly sixty teams to analyze a hypothetical case study and apply their knowledge, skills, and teamwork in a race against the clock and each other to solve complex tax scenarios. The competition is sponsored by the Deloitte Foundation, the non-profit services arm of Deloitte LLP.
Education & Careers

Big accounting firm or small? Choosing the right size work environment

Candidates for positions at CPA firms may decide to join a large firm or a small- to mid-size firm for individual reasons, but "Each firm offers something unique regardless of size," says Kathy Downs, Recruiting Manager at Robert Half Finance & Accounting in Orlando, Florida. An individual may choose a smaller firm because they have a decreased travel requirement, and the commute to clients is shorter, Downs says.
Education & Careers

Public accounting or private industry: Both offer great career potential

Choosing between public accounting and private industry means learning about a wide range of choices and career paths that each area of the field offers. Public accountants, often certified public accountants (CPAs), perform a broad range of accounting, auditing, tax, and consulting activities for their clients, which may be corporations, governments, nonprofit organizations, or individuals. Some are forensic specialists, others specialize in government accounting and auditing.
Education & Careers

A Conversation With... Valerie Wendt: Trends in accounting education

AccountingWEB asked Valerie Wendt, product manager for Bisk Education, Inc., to discuss trends in accounting education. Bisk offers online CPE courses through CPEasy and CPA review courses that have helped more than 140,000 candidates pass the CPA Exam since 1971.Q: When the CPA Exam changed from a paper-and-pencil format to a computer-based test in 2004, the number of exam takers declined significantly. Are the numbers back up to pre-2004 levels? Does Bisk play a role at all in encouraging people to take the exam? What's the biggest hang-up in taking the exam?
Education & Careers

Students help non-profits during intense BAP competition

Take 50 college students who don't know each other, add several complicated business challenges, give them 12 hours, and what do you get at the end?

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