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


Oct. 5, 2004
Volume 3, No. 38


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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/



A hearty welcome ...

... to the following new TCPA members:

  • From Annapolis Area Christian School: Christopher E. Gill and Edward J. Gill Jr.

  • From Seneca Valley High School: Gabriella Behzadi, Genavous Bell, Jeffrey Boateng, Jonathan Buitrago, Ivan Castaneda, Mario Chavarry, Chaunetta Clark, Janeth Cruz, Joseph Dabo, Armeta Dastyar, Noemi Davila, Ester Escobar, Dmitriy Gulik, Irene Jawarish, Sir Lowee Kabigting, Christine Klopfer, Jamaal Koffa, Joyce Krintz, Jesica Kruger, Sonia Malik, Kayla McCormick, Ryan McDowell, Noor Mian, Sarah Monroe, Anita Moore, Natasha Moten, Jennifer Murray, Letethia Nathan, Daniela Nogales, Heather O'Brien, Christopher Pinachos, Daniel Ramsden, Josephine Sanso, Hiva Soleimani, Addis Tadese, Taivesha Thompson, Maria Torrealba, Laura Villegas, Shelley Walker and Zoya Younus.
Thanks so much for joining Tomorrow's CPA.


Monica Rose's high school adventure

Monica Rose, 17, goes to Comsewogue High School in New York and this is her blog.
www.nextstepmagazine.com/blogs/
monicarose.htm



TCPA members score minority scholarship awards

Kudos to three members of the Tomorrow’s CPA program who have been awarded 2004-05 AICPA Scholarships for Minority Accounting Students. Deana Davis of Bowie State University, Lee Ann Murphy of the University of Maryland Eastern Shore, and Lin Zhu of the University of Maryland College Park earned awards ranging from $3,000 to $5,000. They were among 157 students representing 107 different colleges and universities across the country. Congratulations, Deana, Lee Ann and Lin!


Bohemia Manor educator selected as Teacher of the Year

Brenda Reynolds, business education teacher at Bohemia Manor High School in Cecil County, has been selected as one of 24 Teachers of the Year by the Maryland State Department of Education. Congratulations, Ms. Reynolds, and thank you for your commitment to your students and support of TCPA programs.

  Some accounting firms offering large raises to keep talent

Accounting firms across the nation are coming up with big bucks to keep their staff accountants from jumping ship, with some offering raises of more than 10 percent to two- to seven-year employees.
www.accountingweb.com/cgi-bin/item.cgi?
id=99824&d=815&h=817&f=816&dateformat=
%B%20%e,%20%Y



Accounting word of the week: B

Balance sheet: Basic financial statement, usually accompanied by appropriate disclosures that describe the basis of accounting used in its preparation and presentation of a specified date, the entity's assets, liabilities and the equity of its owners. Also known as "statement of financial condition." 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. 9 — Be skeptical about financial advice. You are the only person who really understands your goals and what you want to do with your money. Other people, like brokers or sales people, may act like you and your money are more important than the air they breathe, but really you need to have a bias and a healthy skepticism to dig in, research and get the facts yourself to make the smart choices that are right for you. Get the best advice in the world about how to spend and invest your money, but make sure that it suits your needs first, not theirs. There is an old saying that seems always to be true; remember it: "When it seems too good to be true, it probably is." For more valuable tips on personal finance, go to:
www.cajumpstart.org/tenways.htm



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



TCPA member profile

Meet James O. Bailey

  • Employer: James E. George, CPA
  • Hobbies: Computers, music and dogs
  • Favorite movie: “Field of Dreams”
  • Why I want to be a CPA: Greater employment opportunities and a sense of accomplishment
  • Favorite course: Personal income taxation
  • Least favorite course: Governmental accounting
  • What people say when I tell them my career choice: They ask about personal tax issues.

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