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


Feb. 2, 2005
Volume 4, No. 5


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HIGH SCHOOL EDITION
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You can read it on the Web at www.tomorrowscpa.org/enews.
Should your teacher get an award?

The Maryland Bankers Association seeks entries for its annual Financial Teacher of the Year Award. Entries for the contest, which awards $1,000 to a high-school level teacher who emphasizes personal finance in their lessons, must be postmarked by Thursday, Feb. 17. Teachers may nominate themselves or be nominated by others. For more information, please contact Sarah Lifshin at (443) 837-1606 or slifshin@mdbankers.com. For an application form and contest rules, go to:
www.soundcents.com/2004.
teacher%20award%20criteria.pdf



2005 could be a banner year for CPAs

Barring more global calamities or professional scandals, forecasters paint a rosy scenario.
www.cpa2biz.com/News/Telberg/
2005+Could+Be+a+Banner+Year.htm



Oprah knows best: Five study tips to use on your next exam

These tips were provided by an educator who developed the Dynamics of Leadership curriculum for Oprah Winfrey when she taught at Northwestern University.
www.collegebound.net/studentscoop/
articles/january2005/test_zone.html



'Catch Me If You Can'

The forensic accounting game is back. There are new bad guys to track down and more complex money trails to follow. More than $10,000 in prizes.
www.catchmegame.com/cmiyc/
default.aspx



As schools churn out accountants, CPA firms revise recruiting tactics

While accounting firms are looking to add employees because of increased workloads created by regulations, educational institutions are encountering difficulties in handling the influx of accounting students and producing the number of graduates to meet the demand.
www.bizjournals.com/tampabay/
stories/2005/01/31/focus7.html


  College-bound high school senior planning calendar: February

  • Complete the FAFSA, if possible. (You'll need your family's/guardian's tax records.)
  • Keep track of your college applications; be sure all schools have received all your materials.
  • Stay focused on grades.
    www.quintcareers.com/college_
    application_timeline.html



    Accounting word of the week: R

    Return on investment (ROI): Ratio measure of the profits achieved by a firm through its basic operations. An indicator of management's general effectiveness and efficiency. The simplest version is the ratio of net income to total assets. For more definitions, go to:
    www.startheregoplaces.com/
    resourcecenter/glossary.asp



    Got a question for a CPA?

    Nearly 120 TCPA members visit the Mentor Center each month. You can e-mail CPAs questions about the profession, career opportunities, the exam and much more. Go to this members-only page at:
    www.tomorrowscpa.org/members/
    mentors.htm



    Personal finance: Ten commandments of personal finance for young people

    Commandment No. 4: Avoid collecting credit cards and using them for borrowing. To see the other commandments, go to:
    www.financial-education-icfe.org/
    children_and_money/10_commandments_
    of_personal_finance.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


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    © 2005 by the Maryland Association of Certified Public Accountants, Inc.
    Dulaney Center II, 901 Dulaney Valley Road, Suite 710, Towson, MD 21204-2683
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