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Education & Careers

PwC announces rollout of IFRS college and professional training materials

In a speech to accounting professors and corporate executives at PwC University for Faculty, PricewaterhouseCoopers U.S. Chairman and Senior Partner Dennis Nally announced the firm's release this month of a full suite of educational tools and programs designed to help American accounting students learn the fundamentals of International Financial Reporting Standards (IFRS). IFRS describes the financial reporting treatment long used by companies outside the United States and which is expected to replace U.S.
Education & Careers

Southeastern Louisiana University appoints accounting professor as interim president

John Crain, Southeastern Louisiana University's Provost and Vice President for Academic Affairs, will serve as the university's interim president. The Executive Committee of the Board of Supervisors for the University of Louisiana System approved Crain's appointment upon the recommendation of UL System President Randy Moffett."I have thought extensively about my recommendation for this appointment and for me, the logical choice is Dr. John Crain," said Moffett. "Having worked with him closely in my capacity as Southeastern's president, I have full confidence that Dr.
Community News

KPMG awards $10,000 scholarships to 41 minority students

The KPMG Foundation has announced it has granted $410,000 in scholarship awards to 41 minority doctoral students for the 2008-2009 academic year as part of its Minority Accounting Doctoral Scholarship program. The scholarships are part of a broad effort by the Foundation to increase the number of minority students and professors in business schools."Increasing the number of minority Ph.D. recipients and business school professors helps pave the way for countless others who will benefit from more diverse campuses around the nation," said Bernard J.
Education & Careers

AICPA receives more than 360 minority accounting scholarship applications

The American Institute of Certified Public Accountants received more than 360 minority accounting scholarship applications following a workshop entitled "Lead the Way, Make a Difference, Become a CPA" to promote diversity within the accounting profession held May 29-31 in Peachtree, GA. The workshop emphasized the importance of obtaining the CPA credential and highlighted the flexibility and various career paths of the accounting profession. Session topics focused on the importance of networking and mentoring.
Education & Careers

China tops list for MBA candidates' international trips

David Gannaway, a KPMG forensic accounting director, did not choose Fordham University for his executive MBA program until he found out the school offered a trip to China.Gannaway is like many EMBA candidates - a manager in his 40s with several years of experience who is increasingly interested in China, experts told The Wall Street Journal. These professionals envision themselves doing business there and believe understanding China's business climate is critical to advancing their careers.
Education & Careers

Students savor Chinese business experience

Business graduate students have returned from China after biting into one of the world's fastest-growing economies.The program, presented by the Kansas University School of Business, offered students a firsthand experience of business operation and strategy in China. Eleven students traveled to Beijing, Xi'an, and Shanghai to learn how different cultures and political and economical systems affected Chinese business.
Education & Careers

Education tax credits would save states billions

Education tax credits -- programs that allow individuals to deduct education expenses from their tax liabilities, or corporations to do the same for donations to scholarship funds -- will save money for states that enact them, finds a new study from the Cato Institute.In "The Fiscal Impact of a Large-Scale Education Tax Credit System," Andrew Coulson, director of Cato's Center for Educational Freedom, and Ball State University economist Anca Cotet estimate the effect that model legislation for tax credits would have on the budgets of five different states.
Education & Careers

High school students immerse themselves in accounting

Twenty high school students are starting their summer vacations with an intense accounting seminar and a stay in the residence hall at Long Island University's Brooklyn Campus. All juniors from local high schools, they are enrolled in a program geared to encourage minority members to pursue careers in accounting."Students will get a taste of campus life as well as the accounting world," says Myrna Fischman, chair of the department of accounting, taxation, and law at the Brooklyn Campus.
Education & Careers

USI students win accounting honors

A four-member team of University of Southern Indiana accounting students recently took first place in National Student Case Competition, sponsored by the Institute of Management Accountants (IMA).They shared a total of $5,000 in prize money."When we finally heard 'And first place goes to the University of Southern Indiana' it was very exhilarating," said Amy Oglesby, one of the team members."At that moment our team truly felt that all our hard work and seven months of preparation had paid off."Besides Oglesby of Galatia, IL, the team included Andy Dill of Princeton, IN, Brad Greene
Education & Careers

Career Exposure network shares tips for job seekers in a tight market

A tight employment market is creating new demands on job seekers according to The Career Exposure Network, a source of niche job sites for women, diversity, and MBAs."With more candidates applying for each open position, standing apart from the competition is increasingly critical to getting the offer letter," stated JillXan Donnelly of CareerExposure.com. "The rules for job seeking are changing and candidates need to switch up their game to make new connections and learn new skills that will get them noticed." To this end, Career Exposure offers the latest tips to getting noticed.
Community News

KPMG named top accounting firm for diverse graduates

Diversity Edge magazine announced its 2008 list of The Best Companies for Diverse Graduates. This listing recognizes companies that have shown leadership in recruiting, retaining, and advancing the careers of diverse professionals. "We looked for unique companies that provide a good entry level foundation for professionals who have recently graduated from college or graduate school," said Kizzie Bozeman Brown, Editor in Chief of Diversity Edge.
Education & Careers

E&Y takes top spot on favorite employer list

Ernst & Young LLP moved into the number one spot on Universum USA's 2008 survey of IDEAL employers for undergraduate business students and jumped eight positions to number four among all undergraduate students. The survey, the largest of its kind in the U.S., included responses of more than 40,000 college students.Ernst & Young rose up the undergraduate business student ranks this year from number three in 2007 to number one in 2008, surpassing Google and PricewaterhouseCoopers.
Education & Careers

Rochester, NY high school students get introduction to accounting careers

The College at Brockport, in partnership with The Foundation for Accounting Education of the New York State Society of Certified Public Accountants (NYSSCPA), is offering the Career Opportunities in the Accounting Profession (COAP) program to about 30 area minority high school juniors, June 29 through July 2, on The College at Brockport campus.
Education & Careers

10 lessons I learned as a new hire

By Christopher Lindberg The cap and gown are put away. You've spent the last 17 years or so of your life in a classroom: grammar school, middle school, high school, college. As a new hire in the accounting profession, there is no longer a traditional teacher, a traditional classroom, and a traditional way of learning. Everything you will learn henceforth professionally will come from multiple sources, and you need to decipher these varying sources to become successful.
Education & Careers

KPMG internship program includes international travel, community service

KPMG LLP, the U.S. audit, tax and advisory firm, has kicked off its summer internship program for over 1,500 student interns from across the country with a week-long training event in Anaheim, CA. The training program includes technical, leadership, networking and community service components.
Education & Careers

New scholarship memorializes Virginia Tech victims

The Virginia Society of Certified Public Accountants (VSCPA) Educational Foundation is pleased to announce the establishment of the Austin M. Cloyd and Matthew G. Gwaltney Doctoral Scholarship Fund, designed to honor the victims of the Virginia Tech shooting tragedy in 2007. This new scholarship provides needed financial support to students pursuing a doctoral degree in accounting at Virginia Polytechnic Institute and State University (Virginia Tech).Two Virginia families in the CPA community were profoundly impacted by the tragic events at Virginia Tech on April 16, 2007.
Education & Careers

New guide to financial profession provides insights for students

A new guide for students and young professionals interested in the financial profession features a foreword by Society of Financial Service Professionals (FSP) President James J. Tyrpak, CLU, ChFC, AEP, MSFS. View from the Top: Advice from Finance Professionals is the latest addition to the Vault Career Library. In his introduction, Tyrpak explains that financial professionals help make dreams come true by converting visions into spreadsheets, portfolios and insurance policies.
Education & Careers

Despite new law, students will scramble to find college loans

In an effort to head off a potential crisis in the availability of student loans, a new law is designed so that students and families continue to have access to funds available through federally backed student loan programs. The Ensuring Continued Access to Student Loans Act of 2008, which President Bush signed into law May 7, allows the federal government to buy loans from lenders and bolster a program that helps low-income students finance college.
Education & Careers

Graduating to a full-time position and the CPA exam

By Ryan Saum, Lerch, Vinci & Higgins, LLP Graduating college with a degree in accounting, or any degree for that matter, is certainly an accomplishment to be proud of. Not wanting to burst your balloon, though, it's important to understand that four or five years at school is one thing, but the rigors of transitioning from the classroom to a full-time job and studying for the CPA exam are quite another. After graduation, many students take time for personal pursuits such as travel. That is all well and good - and no doubt deserved.
Education & Careers

Business and accounting students lend helping hand to music venue

A Manchester College business class is setting its students on the path of corporate philanthropy even before they enter the real business world. On May 14, in the middle of finals, students in BUS-474 Case Studies in Business suited up to present the profits of their mock corporation to a local youth hangout very much in need.On May 14, CHET Outfitters presented a check for more than $1,600 to The Firehouse, a free music venue for area youth that has hosted indie rock bands and local garage bands.

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