MACPA Student E-News MACPA Student E-News
November 16, 2006 Issue 47  
 
 

Join the MACPA in congratulating Oakland University Professor of Accounting Gadis “Buck” Dillon as MACPA’s nominee for the AICPA Distinguished Achievement in Accounting Education Award. As Michigan’s nominee, Dr. Dillon is being honored as a full-time college accounting educator distinguished for his excellence in teaching and for prominence in the accounting profession. Dr. Dillon’s primary research and teaching interests are in financial accounting and reporting. He has been published in a variety of journals, served as a member of the National Council and as Midwest Regional Director of Beta Alpha Psi, and was founding faculty advisor to the Oakland University chapter. He was recognized as a national Outstanding Faculty Advisor in 1997.

Nominate a professor that fulfills the criteria for excellence in teaching and prominence in the accounting profession. Download this document to learn how you can nominate someone. E-mail Michelle DiDomenico with your nomination or any questions.

Participate in a Rewarding Volunteer Experience by Teaching Kids Business Basics

The MAF Wants to Help Fund Your Fifth/Graduate Year

A Good Resume Can Lead to a Great Internship

Student Financial Services Offers “Paying for College” Publication

Advice from a Professional: CPA Licensure Will Expand Your Opportunities
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Participate in a Rewarding Volunteer Experience by Teaching Kids Business Basics
Volunteers for the MACPA’s Accounting Blitzes visit students in kindergarten through eighth grade for one day-long blitz to teach them business basics. CPAs, accounting professionals and college students alike can participate in this program to spread the business bug amongst Michigan’s elementary students. Not only will you have the opportunity to encourage students to following your own chosen career path, you can also network with the other CPAs and accounting professionals participating at the event.

Go from student to teacher by participating in MACPA Accounting Blitzes! You will be provided with lesson plans from Junior Achievement to assist with teaching kindergarten – eighth grade students. Join us in this venture to educate kids about accounting. We will be visiting:

  Grand Rapids
Shawmut Hills Elementary School – December 1
  Detroit
Edison Elementary School – December 7
Paul Robeson Academy – December 15

If you are interested in volunteering, contact the Academic Department.
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The MAF Wants to Help Fund Your Fifth/Graduate Year

The Michigan Accountancy Foundation (MAF), through their Fifth/Graduate Year Scholarship, wants to assist accounting students pursuing a CPA license with funding their final year of college. Upper-level students interested in applying for the scholarship, find more information by visiting The MAF Scholarship Page. Or, download the application. Contact Michelle DiDomenico with any questions.
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A Good Resume Can Lead to a Great Internship
Now is the time to secure a winter internship if you haven’t already done so. Not sure how to begin? Start with a great resume. Monster.com recommends using these tips to successfully write a resume:

  • Don't be vague, and be sure to customize your resume for each employer
  • Don't be long-winded
  • Students and recent grads should highlight their studies
  • Find out which skills the employer is seeking and be sure to showcase them
  • Be clear about what you want
  • Never overlook spelling errors or typos
  • Have an Experience section

For more tips like these and other information regarding resumes, internships and the job search, visit www.monster.com

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Student Financial Services Offers “Paying for College” Publication
The Department of Treasury’s Student Financial Services Bureau has developed Paying for College in Michigan, a new publication for students and their parents. The booklet provides specific information on the Michigan Education Trust and Michigan Education Savings Program and other college savings plans, Financial Aid Programs including the Michigan Merit Award, Michigan Competitive Scholarship and Michigan Nursing Scholarship as well as federal Financial Aid Programs. Copies of Paying for College in Michigan will be available at college fairs and financial presentations. The publication can be obtained by contacting the Student Financial Services Bureau’s Outreach Services Office at 1-800-642-5626, ext. 37054 or by e-mail at sfs@michigan.gov. Requests may also be mailed to: Outreach Services, P.O. Box 30047, Lansing, Michigan 48909-7547.
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Advice from a Professional: CPA Licensure Will Expand Your Opportunities
George Salloum, CPA
CFO at Chamberlain Marketing Group, Inc.
15 years in the profession

When George Salloum, CPA took his first accounting class while working towards a degree in Finance, he remembers his initial thought about accounting. A representative from the Accounting Society spoke to the class about careers in the Accounting profession. “I thought to myself, are you kidding? This is not for me, accountants are geeks!” says Salloum. “What a naďve thought.”

A Change of Heart
As he progressed in his studies, he learned how critical accounting was in understanding finance. “I spoke with several of my mentors and they all said the same thing.” Salloum recalls. “…if you want to be successful in finance you MUST have a strong accounting background.”
Based on their advice, Salloum began taking more accounting classes and realized how great it really was. “I began researching the accounting profession, spoke with some CPA’s and joined the Accounting Society, eventually becoming president of the group.” Before he knew it, Finance was no longer his path. He was on the road to becoming a CPA.

Salloum’s Education
Salloum earned a B.S.A in Professional Accounting from the University of Michigan Dearborn. He found that this was very valuable in his pursuit of CPA licensure. “It built the framework for what I would use in my career on a daily basis,” Salloum says.

Fast Forward to Now

Salloum is currently the CFO of Chamberlain Marketing Group, a supplier of promotional products. He also oversees the Import division, as well as the Human Resources Department.
With a staff of only 55 employees, Salloum enjoys wearing several “hats” on a daily basis, and being part of an organization where he knows that his contributions are making a difference and can see the results.

“Everyone has a different path in life, which is exciting to know,” Salloum says. “I truly believe that becoming a licensed CPA with several years in public accounting will provide tremendous opportunities for anyone.” For those students considering transitioning to private industry, he offers this advice: “A whole new world will open up to you. You could start out as an assistant controller or a controller, which will provide you with tremendous insight as to how a company operates from top to bottom,” Salloum says. “Use that time wisely to listen, learn and achieve. Becoming a CFO is the culmination of years of experience, a position that can be achieved by anyone.”

Advice to Students
“Love what you’re doing, have fun with it and be willing to put forth the effort necessary to reach your goals” says Salloum.

He also recommends that students pursue their CPA license. “Anyone going into the accounting profession should pursue their CPA license, even if it’s not your goal to work in public accounting,” Salloum advises. “The vast experience that you will attain from working in public accounting will expand your knowledge base, as well as your career opportunities, exponentially.”

When it comes to studying for the Computerized CPA Exam, Salloum says anyone can pass it as long as they commit themselves to it. “As Albert Einstein said, genius is 10% inspiration and 90% perspiration.”

Salloum has two tips for everyone. First, prepare and pace yourself by beginning to study months ahead of time. “You don’t want to begin your preparation just weeks ahead, that’s a recipe for disaster.” Second, he advises students to take a break the last two or three days before the exam. “You MUST give your brain a chance to relax.”

No matter what industry, Salloum suggests students apply what he’s learned to get to the top: Be humble and listen to others with the experience you are trying to attain, ask questions and don’t be afraid to make mistakes, set goals and do the work necessary to reach them and last, If you want to be a leader, always make others around you feel important.


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