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


Nov. 3, 2004
Volume 3, No. 42


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HIGH SCHOOL EDITION
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You can read it on the Web at www.tomorrowscpa.org/enews.
New financial literacy Web site debuts

As part of their ongoing efforts to improve the financial health of Americans across all life stages and socio-economic levels, the American Institute of CPAs and the CPA profession have launched a new consumer Web site:
www.360financialliteracy.org



A hearty welcome ...

... to new TCPA members Willie Aikens, Shawn Carter, Andrew Carver, Terry Dinkins, Vania Huggins, Fayth Jones, Leah Jones, Tempestt Mars, Christina Morrison, John Mudd, Ashley Phelps, Tenecia Queen, Chaumre'Simmons, Alyssa Taylor and Abram Townsend of Gwynn Park High School. Thanks very much for joining Tomorrow’s CPA.


Unpolished speech habits could derail your career

Whether you curse at colleagues, talk tentatively or exhibit an abrasive local accent, you'll have to clean up your bad habits to advance up the ladder. Go to:
www.collegejournal.com/successwork/
onjob/20041027-lublin.html


And read the follow-up article at:
www.collegejournal.com/successwork/
onjob/20041101-lublin.html



Accounting education: Response to corporate scandals

How have graduate and undergraduate accounting programs responded to the corporate accounting scandals of several years ago? This article details the changes and reports on a survey of students showing a more positive attitude toward the profession.
www.aicpa.org/pubs/jofa/nov2004/
titard.htm



Internal auditors, CPAs to see largest boost in pay

The 2005 Salary Guide from Robert Half International says starting salaries for accounting and finance professionals are expected to increase an average of 2.4 percent next year.
www.macpa.org/headlines/04/half1028.htm


  Tuition, fees, room and board costs rise in 2004-05

The College Board says tuition increases are smaller than last year's increases, but they are still high by historical standards.
  • At four-year public institutions, total charges average $11,354 ($824 more than last year's $10,530—a 7.8 percent increase).
  • At four-year private institutions, total charges average $27,516 ($1,459 more than last year's $26,057—a 5.6 percent increase).
For more on college costs and financial aid trends, go to:
www.collegeboard.com/press/
article/0,,38993,00.html



Accounting word of the week: F

Forensic accounting: Provides for an accounting analysis that is suitable to a court of law which will form the basis for discussion, debate and ultimately dispute resolution. Forensic accounting encompasses investigative accounting and litigation support. Forensic accountants utilize accounting, auditing and investigative skills when conducting an investigation. Equally critical is the ability to respond immediately and communicate financial information clearly and concisely in a courtroom setting. 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



Writing and the SAT

March 2005 marks the start of the new SAT. Brace yourselves for a longer test: The new writing section boosts the SAT test time from 3 hours to 3 hours and 45 minutes.
www.nextstepmagazine.com/NSMPages/
articledetails.aspx?articleid=1609



Personal finance: Credit-card crazy

You are a credit-card marketer's dream. You're young, debt-free and bound for college. If you're 18 or older, you're also old enough (or nearly so) in most countries to legally accept a credit-card offer without parental permission. All these factors make you a credit-card magnet.
www.nextstepmagazine.com/NSMPages/
articledetails.aspx?articleid=182


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