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Volume 5, Issue 5
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September 2005
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Did You Know?
College and university students, don't miss this chance to renew your VSCPA student membership! Renew today and we will enter your name for a chance to win a FREE iPod Shuffle. Remember, your VSCPA student membership benefits you with:
Show future employers your commitment to the CPA profession —
renew your VSCPA student membership for only $15 today! You can
renew
online or call the VSCPA Membership Team at (800) 733-8272.
If you're confused about how many credits you need to sit for the CPA Exam, you're not alone. In 1999, Virginia adopted the Uniform Accountancy Act (UAA), which attempts to unify accounting laws and regulations across the nation. The result? Starting July 1, 2006, accounting students must complete 150 hours of accounting education before sitting for the CPA Exam in Virginia. Download a brand-new VSCPA
brochure (.PDF) for information on what's required, frequently
asked questions and more.
You've probably seen the challenges facing the accounting profession over the last few years, with corporate scandals screaming from the headlines. What do those problems mean for CPAs? As you transition into your career, your skills will become more important than ever. Companies will need accountants with certifications, such as the CPA, and specialties in assurance, financial analysis, internal audit, forensic accounting and international accounting, to name a few. Check out what accountants of the next generation will need to succeed in the coming years. A Career Center and career articles are also available at the Next Generation Accountant Web site.
There's good news for students who want to enter the accounting profession over the next few years! Accounting firms of all sizes are projecting double-digit increases in hiring of new grads through 2009, according to new research from the American Institute of CPAs (AICPA). And those grads are making even more. Accounting students could expect an average starting salary of $42,940, according to the latest data from the National Association of Colleges and Employers.
Watch your mailbox for the September/October issue of Disclosures,
the VSCPA's bimonthly member magazine. This issue has a five-page
special section devoted just to you, with accounting trivia and
facts, student profiles, CPA Exam tips and more. Take
a sneak peak (.PDF) at one article on how to get your
foot in the door at a "Big Four" accounting firm.
Taxes for students (and parents) can get tricky when multiple
deductions, credits and savings accounts are involved. Make
sure you're not forgetting anything! A new government
report (.PDF) shows that one in four taxpayers eligible
for an education tax break failed to claim one of the available
credits or the tuition deduction. Read
on for more info. | |||||||||||||
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subscription to Advi$or e-newsletter is a benefit of your
VSCPA student membership. | |||||||||||||