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


Oct. 27, 2004
Volume 3, No. 41


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HIGH SCHOOL EDITION
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You can read it on the Web at www.tomorrowscpa.org/enews.
Deloitte, Junior Achievement launch ethics essay contest

CPA firm Deloitte & Touche USA and Junior Achievement have launched an essay contest open to high school seniors as part of their joint effort to teach young people that responsible, ethical behavior is the key to success in business. For details, go to:
smartpros.com/x45535.xml



Reading, writing and financial literacy

Amid a crisis in financial literacy, bankers and CPAs are teaching everyone ages 5 to 95 about debits, credits and budgets. CPAs are also counting on financial literacy initiatives to help rebuild trust that may have been lost during the recent accounting scandals.
baltimore.bizjournals.com/baltimore/
stories/2004/10/25/focus1.html



Family feud: When parents and teens clash over college

Most students turn to their parents for help with the stressful college decision process, but when everyone is not in agreement, things get rough. Luckily, there are some ways to smooth out these sticky situations. You can win the "Feud" if you know what to expect.
www.collegebound.net/collegeboundmag/
issues/oct04/feud.html



Good deed rewarded: WorldCom whistleblower makes CPA Hall of Fame

Cynthia Cooper, CPA, the former WorldCom vice president of internal audit who exposed the $11 billion fraud at the telecommunications company, will be inducted this month into the 2004 American Institute of CPAs Business & Industry Hall of Fame.
www.webcpa.com/article.cfm?
articleid=8554&pg=news



'The Apprentice' moves to the MBA classroom

Some business-school students are getting a taste of Donald Trump’s reality TV show before they collect their degrees. Professors at some schools are creating entire courses modeled on the show's competitive nature.
www.collegejournal.com/mbacenter/
mbatrack/20041018-alsop.html


  A hearty welcome ...

... to the following new TCPA members:
  • From Gwynn Park High School: Adrian Jakes
  • From South Hagerstown High School: Christina Lessner and Gerale Teus
Thanks very much for joining Tomorrow’s CPA.



Accounting hot at corporations

Accounting is a hot employment field, thanks to increased scrutiny of corporate finances. Competition is driving the escalating salaries as corporations raid accounting firms for experts on new regulations.
baltimore.bizjournals.com/bizoutlook/
2004/10/18/?jst=s_ol_hl



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 and is available at:
www.moneyopolis.com/new



Accounting word of the week: E

External reporting: Reporting to stockholders and the public, as opposed to internal reporting for management's benefit. For more definitions, go to:
www.startheregoplaces.com/resourcecenter/
glossary.asp



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



Personal Finance: Six money saving tips

The weekend is here and your wallet is empty. There’s nothing inside but some pennies and a gum wrapper. Your best friend quoted the evening agenda, "movie, party, club." Guess you’re staying home tonight unless you have a secret cash stash hidden somewhere.
www.youngmoney.com/money_management/
budgeting/040305_01


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