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


June 8, 2005
Volume 4, No. 23


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COLLEGE / CPA CANDIDATE EDITION
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Andersen turns over in its grave

Last week the U.S. Supreme Court overturned the conviction of Arthur Andersen for destruction of documents in the Enron case. The firm is history, but the latest verdict has huge implications for business and the accounting world. Here are viewpoints from five major publications, from a list supplied by TCPA member Andrew Sather. Thanks, Andrew.

  • An Andersen fairy tale?
  • Decision too late for former employees
  • Was Arthur Andersen a mistake?
  • Was Andersen really an innocent bystander?
  • Justices draw line after firm's fall


    CFOs recommend starting small, survey shows

    For accounting graduates, landing a job at a Big Four accounting firm or large corporation has been the traditional first step in their career. But 46 percent of CFOs said they would advise entry-level professionals to begin their careers at small to midsized companies.
    www.accountemps.com/PressRoom;
    jsessionid=Cg6yG10gyj3thKXwSlRTvCmh
    KGVmJmsKQLWwrTJ0SSYvSzmBXp8J!
    1394749526!-1865307129



    Personal finance: Financial management for grads

    Whether you graduated from college with a degree in linguistics or biophysics, it's likely that one of your biggest challenges right now is managing your finances. Here is what the Maryland Association of CPAs says you need to know now that Mom and Dad aren't footing the bills.
    www.macpa.org/services/pressrel/
    05/June/June13.htm



    CPA exam section fees increased

    Effective July 1, 2005, the fees for sections of the Uniform CPA Examination will increase. The new section fees are:

    • Original exam application fee: $40 (no change)
    • Auditing and Attestation: $178
    • Business Environment and Concepts: $130
    • Financial Accounting and Reporting: $166
    • Regulation: $142


    Business buzzwords: A quiz

    Did you enter the business world with dreams of employing optimization techniques to validate solution architectures within your company's organizational framework? Take this quiz to find out if you're fluent in business-speak, then touch base with business professionals and top MBA professors for their take.
    encarta.msn.com/encnet/departments/
    elearning/?page=bizbuzzquiz&
    Quizid=154>1=6526


  •   More women finding jobs with CPA firms

    The accounting profession is getting in touch with its feminine side by hiring more women for jobs that almost always had been held by men.
    www.bizjournals.com/buffalo/
    stories/2005/05/16/story2.html



    American Society of Women Accountants scholarship deadline nears

    The application deadline for the 2005 scholarship awards from the Baltimore chapter of the American Society of Women Accountants is July 15. This year, the ASWA is especially looking for students who need assistance while taking courses to change their careers to accounting or to re-enter the workforce while attending school part-time. For information and an application, contact Susan T. Brookman, CPA, at (410) 472-9969.


    What interns really learn

    Cubicle culture: Some summer interns meet their future employer. Others vow never again to go through a similar experience.
    www.collegejournal.com/careerpaths/
    findcareerpath/20050512-sandberg.html



    Two tips for getting hired

    1. Always close the loop with all parties involved in the interview process, including recruiters, since the business community may be smaller than you think and you never know when you may need to contact those same professionals again.

    2. If you tell a prospective employer and / or a recruiter you are interested in working with them and / or are interested in a position, always follow up with that prospective employer and / or recruiter if you change your mind, since many people do remember if you do not follow through and may not want to work with you again in the future.
    Tips provided by Beth Berk, CPA and independent recruiter. Contact her at BethABerk@msn.com.



    Are you graduating this month?

    Congratulations! Your TCPA membership can follow you after college — and there are even more benefits for CPA candidates. Just let us know if you are attending grad school, working or any other changes. You may win a prize! Just contact publicrelations@macpa.org.

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    © 2005 by the Maryland Association of Certified Public Accountants, Inc.
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