MACPA Student E-News MACPA Student E-News
February 1, 2008 Issue 59  
   
 
The premier event to learn about major issues affecting the CPA profession is just a few months away. The MACPA brings together a host of local and national leaders at the Spring Members Advisory Forum, slated for May 13 in Lansing. With updates on accounting issues, as well as important Michigan initiatives, this is a not-to-be-missed event! The keynote speaker is AICPA President and CEO Barry Melancon. With more than 25 years in the CPA profession, Barry will share what is happening nationally and the role Michigan is playing in this landscape. Join us on May 13, 2008 at the Lansing Center in Lansing. The cost to attend this event is $129 for MACPA members and $229 for non-members. Please contact the MACPA CPE department at 248.267.3700 to register or for more information.
 

Post Your Resume With the MACPA

Race for the Cure® With the MACPA
Get Your Copy of the New CPA Exam Requirements Brochure

Economic Stimulus: Tax Rebate Deal Announced

Advice From a Professional

Find Your First Finance Job

Quick Links
Post Your Resume
 
Internship Opportunities
 
5 Effective Work Habits
for Fresh Graduates
 
MoneySKILL
Understand credit use, budgeting or other money management basics.
 
CPA-Exam.org
Find the latest information on the computerized CPA Exam at this site.
 
Prometric
Cancel or reschedule appointments for the computerized CPA Exam.
 
CPA Exam Review Courses
Get great discounts on CPA Exam review courses.
MACPA Student Members: Remember to customize your MACPA web site homepage to obtain articles, upcoming CPE events and news specifically related to your interest areas in the Member Profile Section of the MACPA web site. By updating your information, you will receive an individualized homepage each time you log on to the MACPA web site, http://www.michcpa.org. For More Resources:
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Post Your Resume With the MACPA
Are you looking for a job or an internship in accounting? Post your resume on the MACPA web site and give more than 17,000 CPAs the ability to contact you. The process is simple. First prepare your resume, then go to the careers section of the MACPA web site. Once on the careers section click on 'Post Your Resume', follow the steps and you are done. It has never been so easy to get your resume in the hands of potential accounting employers around the state. If you have any questions or for more information, please contact the MACPA's Membership Department at 248.267.3700.
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Race for the Cure® With the MACPA
The Race for the Cure® is back and the MACPA is encouraging all members to get involved by joining the MACPA team. The 17th Annual Komen Detroit Race for the Cure® will be on Saturday, May 31 beginning at Comerica Park in Detroit. This is the MACPA's fifth year participating in the Race. 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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Get Your Copy of the New CPA Exam Requirements Brochure
Are you planning on taking the CPA Exam? Get your free copy of the new CPA Exam Requirements brochure before you tax the test. This easy to follow brochure details the three major elements, education, examination and experience, that you will need in the pursuit of your CPA designation. Download the brochure here or contact the MACPA Membership Department at 248.267.3700 to get your copy today.
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Economic Stimulus: Tax Rebate Deal Announced
Last week, President George Bush reached an agreement with Congressional leaders
on an economic growth package. The growth plan provides $100 billion of temporary tax relief that will allow Americans to keep or spend more of their incomes. Individuals who pay income taxes would get up to $600, working couples $1,200 and those with children an additional $300 per child under the agreement. Workers who make at least $3,000 but don't pay taxes would get $300 rebates. The Department of Treasury has released a fact sheet, which provides examples of how the economic growth package will benefit Americans. The package also includes tax provisions for businesses.
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Advice From a Professional
Vincent Jonna
Audit Associate
Clayton & McKervey P.C.
Bachelors Degree in Business Administration, Western Michigan University
Master in Accounting, University of Michigan Dearborn
Years in profession: 3

The reasons Vincent Jonna decided to pursue his CPA designation were two fold: flexibility and reliability. "It appears that in accounting there is job security and relatively easy access to other job markets where everyone seems to appreciate the skills that accountants incur in the profession," said Jonna.  He is currently an audit associate with Clayton & McKervey, where he finds the work environment and diversity of clients the most enjoyable part of his job. However, he feels accounting is under valued by most people in terms of business and personal matters.

Jonna on pursuing a CPA license and the benefits
Jonna said pursing a CPA license is a hard decision to make because it is overwhelming, but the opportunities that unfold make it worth it. "You will be surprised at how much a career in accounting can benefit any dream you have," said Jonna. The benefits also make the hard work worthwhile. He said there is a high learning curve in the accounting profession. Plus, the profession is always changing, which makes the work challenging.

Jonna's recommendations for student’s studying to be a CPA
He said to avoid falling into the idea that accounting is boring. "Actually, doing the work is much more engaging than studying, with the exception of studying accounting theories. For example, I have witnessed some heated discussions on valuation and presentations which were engaging to many who at first believed the topic to be boring. Also, meeting people who work in auditing and accounting will make you feel better about how much people enjoy their jobs and what they do and not just the money they make, Jonna commented.

Jonna's tips for students studying for the CPA exam
He said that he used many different mediums to help him understand the material. "I watched films, read the books, did the exercises, made note cards, used mnemonics, and even recorded myself and then played it back while in the car to help get the material down." He said avoid focusing too hard on obscure questions, rather pay the most attention on common questions as seen in Becker and other review courses.
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Find Your First Finance Job
You're about to graduate with a finance, accounting, economics or business degree. How do you parlay that achievement into a great job? Just as you did when you wrote all those term papers, the first step is to pick a topic, or in this case, a niche. Finance degrees usually lead to jobs with corporations or financial institutions. Corporate jobs include analysts, who make strategic business decisions, and accountants, who budget and track spending. At financial institutions and insurance companies, work is transaction-related. You could evaluate risk as an underwriter, work in financial planning or sell stock. Read this article in its entirety at Monster.com.
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