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


June 1, 2005
Volume 4, No. 22


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COLLEGE / CPA CANDIDATE EDITION
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Job Market: Volunteer bookkeeper

Chesapeake Habitat for Humanity in Baltimore seeks a college student or grad student for 8 hours a week. Working with QuickBooks Pro Software, you will enter payroll entries and timesheet information; enter all deposits, contributions, mortgage and escrow payments, and credit card donations / purchases; handle the check-writing process; file all accounting paperwork; assist with annual budget, audit schedules and other analysis; and assist with inventory accounting needs. Contact Financial Manager Trish Fallon at trishf@chesapeakehfh.org.

For job opportunities, go to:
www.tomorrowscpa.org/members/
internship.html
and
macpa.careerbank.com



AICPA adds women's component to financial literacy resources

The AICPA has announced the launch of a financial literacy program targeted to women. "360 Degrees of Financial Literacy for Women" focuses on educating and empowering women to take control of their personal finances and achieve greater financial well-being. A key component is a specialized section of the 360 Degrees Web site with more than 600 articles and personal financial planning tools targeted to women's financial issues. For more information, visit:
www.macpa.org/headlines/05/
aicpa0524.htm



How you can prepare for first-job interviews

With prospects for new college grads improving, here's advice on meeting with hiring managers.
www.collegejournal.com/jobhunting/
interviewing/20050524-kaptik.html



Computerized CPA exam completes first year with high marks

The computerized Uniform CPA Exam completed its first year in April, successfully delivering 143,000 test sections to more than 50,000 candidates. Post-exam surveys show a 97 percent satisfaction rating from examinees.


Attorneys, CPAs on the outs

The CPA owes allegiance to the public, while the attorney's primary responsibility is to the client.
www.bizjournals.com/sacramento/
stories/2005/05/23/focus8.html



Accounting overseer draws its first blood

The U.S. accounting oversight board has taken its first-ever disciplinary action, stripping auditor Goldstein and Morris CPA of its registration and barring the New York firm's managing partner from the industry.
accounting.smartpros.com/x48369.xml



Business decision makers, executives and investors praise CPAs

In a recent study, CPAs outrank not only doctors but also financial services-related professions such as insurance agents, bankers, chief management consultants and stock research analysts.
www.accountantsworld.com/desktopdefault.
aspx?page=newsstory&category=newsstory&
StoryId=p0523806.7rw


  Personal finance: Good news, bad news about credit card use

A survey of undergraduate students and credit cards in 2004 showed some improvement but still causes for concern:
  • Seventy-six percent of undergraduates in 2004 began the school year with credit cards, down from 83 percent in 2001.
  • The average outstanding balance on undergraduate credit cards was $2,169, down 7 percent from 2001 and the lowest since 1998.
  • More than half the undergraduates carried balances lower than $1,000.
  • As students progress through school, credit card usage swells. Ninety-one percent of final-year students have a credit card, compared to 42 percent of freshmen. Fifty-six percent of final-year students carry four or more cards while only 15 percent of freshmen carry that many. Final-year students carry an average balance of $2,864 while freshmen carry an average balance of $1,585.
  • Twenty-one percent of undergraduates reported that they pay off all cards each month; 44 percent say they make more than the minimum payment but generally carry forward a balance; 11 percent say they make less than the minimum required payment each month.
See the full report at:
www.nelliemae.org/library/
research_12.html



America's top internships

Last year, major employers said 38 percent of their interns went on to full-time positions, up from 25 percent in 2001. With so much at stake for college students, to find the internships that stand out on a resume, The Wall Street Journal polled executives with a say in hiring at some of the nation's most prestigious employers.
www.wsjclassroomedition.com/archive/
05may/care_internships.htm



Three top tips for getting hired

1. Keep in touch with supervisors, managers, clients, etc., whom you can use as future references, if necessary. They should be references with and/or for whom you've worked within the past few years, not from five or 10 years ago. Upon providing references, have a document prepared that includes the references' names, current titles and companies, relationships with the references and the references' prior titles and companies where you both worked, if different from the references' current positions.

2. Although a company's environment may be business casual, you should always strive to wear a suit (for ladies, that could be a pants suit or skirt suit) to an interview. If you are unable to wear a suit to an interview (since it may be too obvious at your current place of employment that you are interviewing), confirm ahead of time with the interviewer about what is appropriate attire.

3. If you have a mobile telephone number, you should include it on your resume so prospective employers and/or recruiters can easily try to reach you during business hours.
Tips provided by Beth Berk, CPA and independent recruiter. Contact her at BethABerk@msn.com.


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