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


Dec. 24, 2003
Volume 2, No. 50


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HIGH SCHOOL EDITION
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You can read it on the Web at www.tomorrowscpa.org/enews.
Happy holidays and best wishes for a healthy and successful New Year!


What's the biggest myth about the CPA profession?

See what Maryland CPAs have to say.
www.tomorrowscpa.org/Profiles/index.html



Senior sliiiiiiiiiide

Slacking off in high school can hurt your future plans more than you might imagine It's true: Colleges can revoke your admission if you don't finish your senior year the way you started it. After all, they're banking on getting the ace student you are — so don't give them something else. www.nextstepmagazine.com/NSMPages/
articledetails.aspx?articleid=702



Hunt Valley accountants rock their way to national attention

Stout, Causey & Horning PA is expanding rapidly, and industry trade publications have noticed, naming it the nation's fastest-growing accounting firm. baltimore.bizjournals.com/baltimore/
stories/2003/12/15/story4.html



Ernst & Young forges alliance with largest minority-owned CPA firm

Ernst & Young and Mitchell & Titus, the nation's largest minority-owned CPA firm, ally on client engagement, staff training, marketing, recruiting and diversity efforts. www.accountantsworld.com/news/
currnewsyb.aspx?q1=44824314



Accounting word of the week: L

Litigation support / dispute resolution: A service that CPAs often provide to attorneys — e.g., expert testimony about the value of a business or other asset, forensic accounting (a partner stealing from his other partners, or a spouse understating his income in a matrimonial action). The lawyer hires the CPA to do the investigation and determine the amount of money stolen or understated. Find more definitions here:
www.startheregoplaces.com/resourcecenter/
glossary.asp


  Catch the bad guys!

Follow the money to catch the crooks in the new forensic accounting game, "Catch Me if You Can."
www.startheregoplaces.com/



A hearty welcome ...

... to new TCPA members Zachary Jones of Bishop McNamara High School, Timothy Nance of Northwest High School and Joe D'Andrea of Sherwood High School. Thanks so much for joining Tomorrow's CPA.


Top 10 GAAP (Generally Agreed-upon Accounting Principles)

(10) The business entity concept (9) The cost principle (8) The matching principle (7) List all debits and credits of accounts (6) 11 - 7 = 4 (5) Don't restart owners' equity accounts (4) The perpetual inventory system really works! (3) The chow-mein at Good Fortune #3 is the best (2) Do the post-closing trial balance last (1) We'd rather be rock stars. For more accounting insights, go to:
www.standarddeviants.com/pls/
brain/cerebellum.show_subject?
p_subject_id=11



Got a question only a CPA can answer?

More than 160 TCPA members venture into the Mentor Center each month, to pose questions about the CPA career, the educational requirements, the exam, or what it's like to be a CPA. Visit the Mentor Center at www.tomorrowscpa.org/members/mentors.htm. Remember, it's e-mail only!


How to set up a Web account on the TCPA Web site

To log in to www.tomorrowscpa.org, you will need a user name and password. The back of your membership card tells you how to create an account using your membership ID number and your certificate number, CAND. Enter those numbers on the Web page, then go to a page where you can create a login using any combination of user name and password. The instructions also appear here:
www.tomorrowscpa.org/createaccount.cfm


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