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


Sept. 8, 2004
Volume 3, No. 34


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COLLEGE / CPA CANDIDATE EDITION
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Job market: Calling all accounting majors!

Rockville-based Aronson & Company seeks candidates for the 2005 tax season. You should be a junior or senior accounting major at any local college or university. You will learn about financial statements, auditing, pensions, client relations, tax law and more. Tax season internships will start around Jan. 10 and last through April 15, 2005. Summer internships will start around June 13 and last through Aug. 19. Hours can be flexible. We will work around your class schedule. Please send your cover letter and resume to Angel C. Rutsch, Recruiting Manager, (301) 222-8235 (fax),  Aronson & Company, 700 King Farm Blvd., Suite 300, Rockville, MD 20850. For more job and internship listings, go to:
www.tomorrowscpa.org/members/
internship.html



'Third tier' CPA firms are on the march

A "third tier" of accounting firms is emerging to offer middle-market companies an alternative to the Big Four, other national firms, and small and mid-size local and regional firms. Maryland’s Reznick, Fedder & Silverman is cited in this new study.
smartpros.com/x45060.xml



New options to reduce the cost of textbooks

This fall, don't throw your hard-earned internship money away paying full price for your books. From softcover editions to rental programs, here's how to avoid sticker shock at the bookstore.
www.collegejournal.com/aidadmissions/
financialissues/20040826-kang.html



Charity begins at ... the office?

Her fellow employees at KPMG LLP — including some she had never met — donated their own vacation time to extend a woman’s maternity leave.
www.careerjournal.com/jobhunting/
jungle/20040901-jungle.html



The new exam: A first-hand account

TCPA member Laura Wisman tells what the new computerized exam is like — and why it’s better than the old one.
www.tomorrowscpa.org/CANDIDATES/
exam/account.htm



It’s not just about taxes

A recent study found that businesses rely on their CPAs for more than just tax preparation and day-to-day bookkeeping. Forty-nine percent of business owners said their accountants helped them better understand their business or implement new technology to improve performance. And 62 percent of business owners said they looked to their accountant to help find ways to save time and money. Read more about it at:
smartpros.com/x44941.xml


  A lack of financial literacy lands execs back in school

Corporate-governance experts are alarmed about the low rates of financial know-how found among senior executives. After all, how can you remedy a company's money problems when you don't even know what you're looking for?
www.careerjournal.com/salaryhiring/
industries/seniorexecs/20040831-
lublin.html?home_whatsnew_major



Accounting hires projected to rise in fourth quarter

The hiring of full-time accounting and finance professionals is expected to increase by 6 percent this fall, well up from the same quarter last year.
www.macpa.org/headlines/04/
half0827.htm



Personal finance

Ten ways to make your friends wish they knew as much about money as you do — No. 5: Use credit cards wisely. Credit cards have benefits and risks. Be aware of them. Credit cards offer convenience of spending but if they are not paid off monthly you are developing a debt and that will cost you (usually at among the highest percentage cost of any borrowing). A simple rule here is that if you use the convenience of a card, take the responsibility to pay it off at the end of each month. Credit card companies make it easy to get cards and you'll see messages about how great buying something is. Be alert that having a credit card does not mean that you have free money. Good credit is a big asset. Use it wisely.
www.cajumpstart.org/tenways.htm



Kudos

TCPA member Lisa Patrick, a senior accounting major at Villa Julie College, won first place in the Accounting for Professionals category at the Future Business Leaders of America-Phi Beta Lamda, Inc., conference. This event measures a comprehensive understanding of accounting, tax and auditing principles. Congratulations, Lisa!


Campus reps needed!

Attention, all accounting majors: Yaeger CPA Review is looking for new campus representatives throughout all Maryland colleges. If you are interested in the opportunity, please contact John Pelicano at (800) 824-2811 or pyaeger801@aol.com.


TCPA member profile

Meet Eugene J. Crist Jr., an auditor with the Social Security Administration

  • Hobbies: Fishing, archery, woodworking (furniture making) and astronomy
  • Favorite movie: “Gods and Generals”
  • Why I want to be a CPA: I believe in getting the most out of my interests, and getting a CPA license will enable me to do that by enhancing my credibility in my job, and possibly starting a small CPA firm.
  • Favorite course: Tax Accounting
  • Least favorite course: None, they were all good.
  • What people say when I tell them my career choice: "It's a very good career with many possibilities for advancement."

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