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


March 9, 2005
Volume 4, No. 10


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HIGH SCHOOL EDITION
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Show me the money: Why professional athletes make tough clients

When their competitive days end, they’re left with borderline fame and limited earning potential. How does a CPA help such clients?
www.accountantsworld.com/desktopdefault.
aspx?page=newsstory&category=newsstory&
StoryId=t0302303.1mg



Curious about a CPA career?

These Web sites are full of information about the CPA and how to become one.

  • www.tomorrowscpa.org
  • www.aicpa.org
  • www.startheregoplaces.com
  • www.smartpros.com/accountingstudents.xml


    Avoid these mistakes on financial-aid forms

    With deadlines looming, it's easy to rush through your financial-aid paperwork paperwork. However, don't be in too much of a rush to complete the forms, as mistakes can boomerang your application back to you for correction.
    www.collegejournal.com/aidadmissions/
    financialissues/20050302-openshaw.html



    The sunny side of the CPA

    What is an accountant? Someone who solves a problem you did not know you had in a way you don't understand.


    A hearty welcome to the following new TCPA members

  • From North Hagerstown High School: Colby Thompson
  • From Westminster High School: Melissa Wallace

    Thanks so much for joining Tomorrow’s CPA.


    Not your older brother’s SAT

    With the revamped test, students renew their zeal for tutors and practice.
    www.baltimoresun.com/news/education/
    bal-te.to.sat06mar06,1,6652664.
    story?coll=bal-home-headlines



    Accounting word of the week: W

    Working capital: Excess of current assets over current liabilities. For more definitions, go to:
    www.startheregoplaces.com/
    resourcecenter/glossary.asp


  •   CPAs: More oversight needed in post-Enron world

    Maryland's certified public accountants may soon see more change in their industry, as the General Assembly weighs bills that would require peer reviews for many CPAs and create a separate fund for the state Board of Public Accountancy.
    baltimore.bizjournals.com/baltimore/
    stories/2005/03/07/story7.html



    Personal finance: 10 commandments of personal finance for young people

    Commandment No. 9: Have a plan and a purpose for your investing. 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



    Survey: Students not taught basic finance

    More states are requiring students to learn about managing money, but personal finance remains a fringe topic in schools and a major source of federal concern. Only seven states require students to take a course about basic finances to graduate from high school — and Maryland isn’t one of them. See the new survey from the National Council on Economic Education.:
    www.ncee.net/about/survey2004/
    NCEESurvey2004web.pdf



    Give us a run for the money!

    Attention, all runners, walkers and volunteers! It's the MACPA's annual 1040K Run and 1040EZ Fun Walk, scheduled for Saturday, April 30 at Rash Field in Baltimore. The fun-filled day includes race awards, refreshments and the chance to win many awards! For more information on the race or to register, please go to www.macpa.org/race/.

    Why not put a team together? We will be giving a prize for the biggest team ... so register now! Proceeds from the race will go to Maryland Saves, an organization dedicated to financial literacy.


    Please note:
    This newsletter may contain commercial promotions for MACPA products, seminars and / or services.

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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
    All rights reserved.