Tomorrow's CPA
A weekly
e-newsletter
from the Maryland Association of CPAs


July 14, 2004
Volume 3, No. 27


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HIGH SCHOOL EDITION
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You can read it on the Web at www.tomorrowscpa.org/enews.
California CPAs attack financial illiteracy

CPAs have a thorough understanding of the advantages of 401(k)s, how to maximize tax deductions and the importance of a budget. But did they learn about any of this stuff in high school?
www.webcpa.com/AccountingToday/index.cfm



How much money do CPAs make?

See the latest survey results on salaries for CPAs.
www.tomorrowscpa.org/college/
salary.html



Summer jobs serve to teach teens facts of financial life

Finding work is only half the job. Get details here.
www.baltimoresun.com/business/yourmoney/
bal-bz.ambrose11jul11,0,5834224.column



A new regard for ethics on the job

The high-profile legal entanglements of former Enron Chief Executive Officer Kenneth L. Lay, style guru Martha Stewart and other executives are prompting a major transformation in the way companies and schools regard ethics.
www.baltimoresun.com/business/
bal-bz.ethics09jul09,0,5772927.story?
coll=bal-business-headlines



Personal Finance 101

Should you have your own credit card? These experts say no way.
www.financial-education-icfe.org/
children_and_money/no_credit_and_
credit_cards_for_young_teens.asp



Accounting word of the week: P

Prospective financial information (forecast and projection): Forecast: Prospective financial statements that present, to the best of the responsible party's knowledge and belief, an entity's expected financial position, results of operations, and changes in financial position. A financial forecast is based on the responsible party's assumptions reflecting conditions it expects to exist and the course of action it expects to take. Projection: Prospective financial statements that present, to the best of the responsible party's knowledge and belief, given one or more hypothetical assumptions, an entity's expected financial position, results of operations, and changes in financial position. For more definitions, go to:
www.startheregoplaces.com


  Study accounting in college!

For a list of Maryland colleges and universities with accounting programs and Maryland community colleges with accounting courses, go to:
www.tomorrowscpa.org/highschool/
college.html



Money Means Business

In this new online seminar, you learn how to make the big decisions, from product creation to launch in the marketplace.
www.startheregoplaces.com



Myths about tests

Before you fall into this state of mind called SAT Hell, let's try to clear up some of the misunderstandings.
www.nextstepmagazine.com/NSMPages/
articledetails.aspx?articleid=1028



TCPA member profile

Meet Jay Klein of the University of Maryland, College Park

  • Graduation date: May 2005
  • Hobbies: Soccer, traveling, reading
  • Favorite movie: “The Shawshank Redemption"
  • Why I want to be a CPA: Because the skills I will gain will be invaluable in so many facets of business
  • Favorite course: Microeconomics
  • Least favorite course: Poetry
  • What people say when I tell them my career choice: "Wow, I could never do that." Or, "Eww, why don't you go to law school?"

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