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Volume
6, Issue 4
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September
2006
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Strange
Tax Laws
Thank you if you have already renewed your VSCPA student membership! If not, don't forget to renew your membership so you don't miss any of these valuable benefits for only $15/year!
Don’t delay — renew your VSCPA student membership online now or call (800) 733-8272.
**Congratulations
to Carissa Culbreath of the University of Mary Washington, who
recently won a FREE iPod for renewing her VSCPA student membership
before September 15, 2006.
An exclusive workshop for 100 of Virginia's best and brightest accounting students is now in development! A generous $100,000 founding gift from accounting and consulting firm Beers & Cutler will allow the VSCPA Educational Foundation to establish The Leaders' Institute. To begin in 2007, the Institute will be an interactive program designed to provide future CPAs with leadership training and skills for a successful transition into the marketplace. You can't directly sign up for The Leaders' Institute. Participants may include VSCPA Educational Foundation scholarship recipients, as well as students recommended by accounting educators around Virginia. Talk to your accounting department head to learn more about nomination! The date and site will be announced soon! Watch the VSCPA Educational Foundation Web site for details. In addition,
the Foundation will offer a new scholarship in 2007. The Thomas
M. Berry Jr. Endowed Scholarship Fund will honor the achievements
of long-time VSCPA President & CEO Tom Berry, who is retiring
in April 2007. Check out all the Foundation's scholarship
offerings.
Now that you're back in the swing of classes, don't forget these VSCPA programs and resources that can help you make it a great year!
Contact VSCPA
Community Relations Coordinator Tracey
Zink at (800) 733-8272 with questions or to request a
speaker.
If you want to eventually become a CPA, you'll now have to sit for 150 hours of college education. The new requirement went into effect on July 1, 2006. Are you still confused? Check out a VSCPA brochure (.PDF) containing information on what's required, frequently asked questions and more. Or discover
how Virginia's colleges and universities, firms and students
are handling the requirement!
Would you like to reduce the application fee to take the CPA Exam by as much as 66 percent? Use the new online CPA Exam application program from the Virginia Board of Accountancy (BOA), and you'll save money registering and reduce the time you must wait to take the Exam. If you have questions, call the BOA number dedicated to the CPA Exam: (804) 367-1111.
Did you know that thousands of CPAs work for government agencies across the country? There's even a group dedicated to setting standards just for governmental accounting — the U.S. Governmental Accounting Standards Board (GASB). Wanna know more about what CPAs in government service do? Check out this video from the American Institute of CPAs (AICPA) (scroll down to "CPAs in Government: Shaping the Future" to watch). Approximately seven minutes long, the video focuses on CPAs working at federal, state and local levels of government. They discuss why they chose government service as a career path and the benefits of working for the government. Plus, check out a Q&A with VSCPA member Nora E. Thompson, CPA. She's the audit program manager with NASA's Office of the Inspector General in Hampton! In the next
few years, many CPAs working for the government will retire
— and new CPAs are wanted. Fifty percent of AICPA members
working in government plan to retire in the next 10 years. This
is a great opportunity for new college graduates!
You may
have heard that some business programs at colleges and universities
are "accredited." Accreditation means the program
has undergone a rigorous examination for quality by the Association
to Advance Collegiate Schools of Business (AACSB). Schools in
Virginia may be also be accredited by the Southern Association
of Colleges and Schools (SACS). Learn
more about accreditation, including what schools in
Virginia have AACSB accreditation.
Thousands of students have personal Web pages on easy-to-use portals like Facebook and MySpace. But next time you post information, you may want to make sure it's appropriate for potential employers to see! Some employers are using Google to find information on job candidates, or screening candidates' personal Web pages, according to a report from the National Association of Colleges and Employers (NACE). More than one quarter (26.9 percent) of the organizations responding to a NACE poll admitted to reviewing candidates' information on social networking sites. Learn more about this issue and how students feel about it from SmartPros.
College costs money, and you may need objective advice on how to save and pay for it! The independent site www.savingforcollege.com provides info on college savings plans, financial aid and much more. Check out the "College Savings 101" section for articles, a calculator and other cool tools.
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