MACPA Student E-News MACPA Student E-News
January 18, 2008 Issue 58  
   
 
The Michigan Accountancy Foundation (MAF) recognizes the difficulties students face towards the end of their education and offers help. This year, the MAF will award more than 20 scholarships to deserving fifth/graduate year accounting students. Do not let financial stress keep you from graduation. Apply for the MAF Fifth/Graduate Year scholarship today! The application deadline is January 31, 2008. Simply fill out this application, complete the necessary requirements, and send the application to the Michigan Accountancy Foundation. Review this list of the criteria to qualify for the scholarship. If you have any questions, please contact David Johnson at 248.267.3700.
 

MACPA’s High School Leaders Conferences are Back and Better Then Ever

Race for the Cure® With the MACPA
Tax Season Fun Facts

Feed the Pig Captures Prestigious Awards; “360 Degrees” Garners Awards, Too

MACPA Member Named to IRS Advisory Committee

Advice From a Professional

15 Biggest Job Seeker Mistakes

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MACPA’s High School Leaders Conferences are Back and Better Then Ever
The 6th Annual High School Leaders Conferences are designed to inspire and motivate high school students to consider accounting as a career choice. High school educators from across the state are invited to bring seven of their brightest college-bound students to participate in this exciting educational event. Attendance for educators and students is complimentary.

Dates and locations are as follows:
Wednesday, January 30, 2008 – Eastern Michigan University, Ypsilanti
Thursday, February 7, 2008 – Oakland University, Rochester
Tuesday, February 12, 2008 – Michigan State University, East Lansing
Friday, February 22, 2008 – Western Michigan University, Kalamazoo
Thursday, February 28, 2008 – Wayne State University, Detroit


Students get a glimpse into all facets of the profession from seasoned CPAs, new professionals and current college students. For more information about the High School Leaders Conferences or to register, please go online or contact the MACPA Members Services Department at 248.267.3700.
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Race for the Cure® With the MACPA
The MACPA will be celebrating its fifth participating in the Komen Detroit Race for the Cure®, and second year as a sponsor. The 17th Annual Komen Detroit Race for the Cure® will be on Saturday, May 31 beginning at Comerica Park in Detroit. The MACPA is encouraging all members to get involved by joining the MACPA team. Seventy-five percent of the money raised from the Race will go to support local breast health education, breast cancer screening and breast cancer treatment projects. Help save lives by registering for the Race as a member of the MACPA team. For more information please contact Nicole Shepard at 248.267.3700.
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Tax Season Fun Facts
The IRS began the e-file program in 1986 as a pilot project in three cities: Cincinnati, Phoenix and Raleigh-Durham, N.C. That year, there were 25,000 tax returns filed electronically. The e-file program expanded nationwide in 1990 and 4.2 million tax returns were filed. In 2007, e-file totaled nearly 80 million tax returns, representing about 57 percent of all returns. Almost two-thirds of all Michigan taxpayers e-filed their 2006 income tax returns, placing Michigan third in the nation when it comes to e-filing.
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Feed the Pig Captures Prestigious Awards; “360 Degrees” Garners Awards, Too
The AICPA received 15 MarCom Awards and nine Hermes Creative Awards from the Association of Marketing & Communication Professionals. More than half the awards were for the Institute’s Feed the Pig (www.feedthepig.org) campaign, a national partnership with the Ad Council. This public-service program is designed to help Americans ages 25 to 34 prepare for long-term financial security. The AICPA’s 360 Degrees of Financial Literacy program won a gold award for its web site, www.360financialliteracy.org.
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MACPA Member Named to IRS Advisory Committee 
The IRS announced the selection of 20 new members – including a Michigan CPA – of the Information Reporting Program Advisory Committee (IRPAC), which provides an organized public forum for discussion of relevant tax administration issues between IRS officials and representatives of the public. Barbara McArthur, CPA of Detroit, is vice president, manager, tax planning and analysis with Comerica Incorporated.
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Advice From a Professional
Steven Lane
Accounting Consultant
The Siegfried Group (Detroit Office)
Bachelors Degree in Accounting, Western Michigan University
Years in profession: 14+

Steven Lane, CPA, became a certified public accountant because he liked math in high school and was more analytical in his thinking versus creative. He graduated from Western Michigan University with a Bachelors in Accounting and then completed the CPA exam to earn his CPA designation. Lane recommends pursuing a CPA license because it demonstrates commitment, knowledge and is highly sought in public and private accounting. He is currently a director at The Siegfried Group, an accounting resourcing firm in Detroit. He provides temporary services to fortune 500/1000 companies during critical times of need. “I obtain a great deal of experience working with numerous companies of different sizes, on different projects. I love the opportunity to display expertise in a variety of areas to help clients achieve their targeted goals,” Lane commented.

Lane on the benefits of becoming a CPA
There are many benefits to becoming a CPA. “Employment opportunities; obtaining the CPA designation opens many doors for extended career development,” said Lane. He also noted that in his line of work, clients strongly prefer working with certified public accountants when choosing professionals for special projects.

Lane’s recommendations for student’s studying to be a CPA
He said that if you enjoy your classes in college and have a passion for the profession, you will find a very rewarding career as an accountant. Lane’s advice, “Remain active in networking circles, continue to develop strong analytical and communication skills, and develop short and long term goals.”

Lane’s tips for students studying for the CPA exam
“Remain focused on progress, not perfection, when studying. You will never fully master every rule or concept. If you need outside motivation take an external review course,” said Lane. He recommends Becker CPA Review or going through Walsh College for help.

Additional thoughts from Lane on becoming a CPA
“Dedication to accounting provides future leadership and management opportunities, which are highly sought by the public and can be very rewarding financially,” Lane said.
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15 Biggest Job Seeker Mistakes
You talk too fast. You avoid eye contact. You ask too many questions. You wear too much perfume. You lie about your work history. You show up late to interviews. You don’t do your research. And you wonder why you haven’t gotten a job yet? There’s no such thing as an error-free job search, says Eli Davidson, business coach and author of “Funky to Fabulous.” Most mistakes can be avoided with a little attentiveness.To read this article in its entirety please go to CareerBuilder.com.

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