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


Sept. 29, 2004
Volume 3, No. 37


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HIGH SCHOOL EDITION
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You can read it on the Web at www.tomorrowscpa.org/enews.
Take part in Financial Education Week, Oct. 2–9

Attend a financial fitness fair. Share information materials. Go hear expert speakers. A week to learn and ponder. For all the details, go to:
www.macpa.org/services/Literacy/



Becoming a CPA; How to succeed in business

A valuable overview of the CPA profession, with profiles of successful CPAs in a wide variety of fields. From New Accountant Magazine.
www.tomorrowscpa.org/highschool/
become.pdf



A hearty welcome ...

... to new TCPA member Daniel Hamblett of Gaithersburg High School. Thanks so much for joining Tomorrow’s CPA.


Game challenges business students to balance profits with ethics

For the young executives at computer-maker InfoMaster, the company budget was on the line. Terrorism threats were swirling in Jakarta, Indonesia, and the company had to either shut down production there for one quarter and beef up security, or ignore the threat and keep churning out hot-selling products.
www.wsjclassroomedition.com/archive/
04sep/bigb_ethics.htm



Big Four earn spots on Working Mother's 100 best companies list

Flexibility and programs aimed at easing the burden on working parents, such as longer parental leave periods, earned all of the Big Four accounting firms spots on Working Mother Magazine's 2004 list of the "100 Best Companies for Working Mothers."
www.webcpa.com/article.cfm?
articleid=7245&pg=news



Accounting word of the week: A

Auditor's report: Written communication issued by an independent CPA describing the character of his or her work and the degree of responsibility taken. An auditor's report includes a statement that the audit was conducted in accordance with generally accepted auditing standards (GAAS), which require that the auditor plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, as well as a statement that the auditor believes the audit provides a reasonable basis for his or her opinion. For more definitions, go to:
www.startheregoplaces.com/resourcecenter/
glossary.asp


  Personal finance

Ten ways to make your friends wish they knew as much about money as you do: No. 8 — Take advantage of compound interest and start investing early. Compound interest means earning interest on interest. When you keep earning money on the money you earn good things happen. Pennies become dollars, dollars become thousands of dollars and so on. The "Rule of 72" gives you the math: To determine how long it will take your money to double, divide the interest rate into 72. For example, an account earning 6 percent interest will double in 12 years (72 divided by 6 equals 12). For more valuable tips on personal finance, go to:
www.cajumpstart.org/tenways.htm



Play Moneyopolis

It's an online game that helps students learn personal accounting, takes only 45-60 minutes, and is very self-motivating. It's sponsored by Ernst & Young. It's available at:
www.moneyopolis.com/new



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



Win an iPod Mini or up to $1,000!

Every day there will be a new question that will test your knowledge of accounting and the CPA profession. All the answers can be found at StartHereGoPlaces.com. Get them right and you could win instantly!
startheregoplaces.com/sandbox/
trivb/login.asp



TCPA member profile

Meet Ramiro R. Lindado Jr.

  • Employer: 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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