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


July 21, 2004
Volume 3, No. 28


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

CPAs have a thorough understanding of the 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/



Extreme makeover

How CFO Robert Blakely and an army of accountants turned fraud-ridden WorldCom into squeaky-clean MCI.
www.cfo.com/article/
1,5309,14368,00.html?f=home_magazine



Inside scoop on colleges and universities

Here's a useful site for students seeking information about undergraduate and graduate colleges and universities, where you can read uncensored reviews by about 20,000 current students and alumni of about 4,500 institutions. It also includes other useful college-bound resources and information.
www.studentsreview.com



FAQ

What do I have to do to become a CPA? Before you do anything else, get your college degree. In addition, to receive your CPA certificate you will be required to complete and pass the national CPA exam. There are other educational and professional experience requirements for CPA certification that vary from state to state. To find out how to become a CPA in Maryland, go to:
www.tomorrowscpa.org/highschool/
top10.htm



Personal Finance 101

Reach your goals by saving! Saving money isn't difficult and the rewards are huge! Committing to saving a certain amount of money from your allowance, job or gifts is the first step toward a lifetime of financial security. Use this calculator to see how you can reach your goals by saving.
www.asec.org/tools/ycalcs.htm



Accounting word of the week: Q

Quarterly report: Unaudited document required by the SEC for all U.S. public companies, reporting the financial results for the quarter and noting any significant changes or events in the quarter. Quarterly reports contain financial statements, a discussion from the management and a list of "material events" that have occurred with the company (such as a stock split or acquisition). Also called Form 10-Q. For more definitions, go to:
www.investorwords.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



Play Bizzfun

Try the virtual business simulation game — it's your chance to be in charge. You call the shots running your company in movies, fashion or sports. Now, you can even bring a few friends along and set up your own league. Compete with your friends and see who gets the highest score. What are you waiting for?
www.startheregoplaces.com/
login.asp



Video game downloads and reviews

Download free PC / MAC games and read reviews of games for Playstation, Nintendo and Dreamcast.
www.game-revolution.com/games/
new/new.htm



TCPA member profile

Meet Ramiro R. Lindado Jr., of Reznick Fedder & Silverman, CPAs.

  • Hobbies: Golf, working out, listening to music
  • Favorite movie: "Scarface" or "The Godfather"
  • Why I want to be a CPA: To further my career
  • Favorite course: Individual taxation
  • Least favorite course: Macroeconomics
  • What people say when I tell them my career choice: "Isn't that boring?" or, "You must make a lot of money."

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