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


Oct. 6, 2004
Volume 3, No. 38


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COLLEGE / CPA CANDIDATE EDITION
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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/



Job market: Opportunity for seniors or recent grads

Penan & Scott, PC, a growing, medium-size Rockville CPA firm, seeks candidates for internship and / or permanent positions. The candidates must be senior-level students or recent graduates with a major in accounting and have an overall GPA of 3.0 or higher. No experience is required; enthusiasm and motivation are a prerequisite. The positions will provide you with exposure to accounting and tax preparation. Exposure to accounting software and Microsoft Word and Excel is a plus. The current positions are for the upcoming tax season, Jan. 15 through April 15, 2005, with competitive compensation. Please e-mail your resume to mbrown@penanscott.com or fax to Mark Brown at (301) 881-8097. For more job and internship listings, go to:
www.tomorrowscpa.org/members/internship.html



Accounting associations and Beta Alpha Psi chapters: Time's running out to win a cash prize!

Sign up 100 percent of your members as members of Tomorrow's CPA and win a cash prize. Membership lists have to be verified by a faculty member. Sound easy? Bet you can't do it by Nov. 1.


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



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!

  More companies flee Big Four CPAs

Looking for ways to cut their audit costs in light of rising regulatory demands, some companies are dropping their Big Four accounting firms and deciding the status of corporate America's version of a Good Housekeeping seal of approval isn't worth the price. smartpros.com/x45261.xml


Got money? Turn it into spending cash

You've got a nice check in your hand and you've got big plans for spending it. Now all you need is the hard cash. But turning a paycheck or a gift from your grandparents into pocket money can take you through a money-management minefield. Nearly every available option comes with fees or hidden costs that can quickly lighten your wallet.
www.wsjclassroomedition.com/archive/
04sep/cons_edsep.htm



Register online for the CPA exam

Approved and re-examination candidates can register to take the Uniform CPA Examination using the Board of Accountancy’s online CPA Examination Registration System. Go to:
www.dllr.state.md.us/license/
occprof/account.html



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



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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