These Colleges Give Accounting Grads the Most Bang For Their Buck In the Real World
We’re less than two months away from the class of 2021 tossing their mortarboards high in the sky (either in-person with their classmates or virtually, not sure which at this point), thus signaling a new batch of eager beavers who will soon be starting their journeys in the meat grinder that is public accounting. But […]
Why You Should Just Read the Chapter Already
I had a dream the other night that I was back in managerial accounting. A few of my classmates back then would call it a nightmare. It was second semester of my sophomore year and somehow this general business course was harder than the first intermediate accounting that I was also taking at the time. […]
Why Pretty Much Everybody Should Major In Accounting
I was not a good accounting student. Despite trying hard, always showing up to class, and doing most of the homework, my brain just didn’t seem wired to be a great accountant. Regardless, I still think everybody should major in accounting, whether they work in the field or not. Let me explain. My experience To […]
Don’t Miss Accountingfly’s Meet The Firms Week
Starting Monday, Accountingfly will be hosting Meet the Firms Week, an online event that connects accounting students with firms from across the U.S. There will be loads of valuable career information and if you register, your resume will reach over 7,500 accounting firms who are hiring entry-level talent. Read more about the benefits for students […]
Sure, Accounting Students Should Learn How to Code (And a Lot of Other Things, Too)
Over at the AICPA's website, there's a post that makes the case for accounting students to learn how to code. It's hard to disagree with the premise — coding is a valuable skill — but there are several aspects to this topic that go unmentioned, that I'll try to cover here. First and foremost, anyone […]
Davenport University Guarantees Employment for Accounting Students
Well, this is interesting. Davenport University in Grand Rapids, Michigan announced that it will guarantee employment for its accounting students. If, by some chance, someone doesn't get a job in six months of graduating, (s)he can get up to 48 more credits from the university, tuition-free. That's a value of nearly $30,000. Students would have […]
EY Still Has Plenty Room for College Students That Prefer Gainful Employment to Eating Out of a Dumpster
Could someone please notify a certain Bloomberg BusinessWeek editor? Ernst & Young LLP plans to make roughly 10,600 hires in the U.S. during fiscal year 2014, the company told eFinancialCareers. The Big Four accounting firm is looking to recruit 6,300 students while making 4,300 experienced hires during the fiscal year, which began in July. The anticipated […]
Recruiting Season: Be Wary of Accounting Firms ‘Looking for a Fit’
And then Jesse said, "YO! MR. WHITE! LOOK OUT!" Hahaha. No, no he didn't. But here's something interesting not related to Breaking Bad that we read on Twitter this morning: Spoke to @UChicago MBA students Sat. about patsy "rogues". Surprised when I said walk away from recruiters looking for "fit". #RedFlag — Francine McKenna (@retheauditors) […]
The Only Thing Better Than Working an Eminem Lyric into Your Accounting Paper Is Your Professor Calling You Out For It
I haven't written anything for academic purposes in quite some time, but it's nice to know that some of the profession's future have some creative thoughts bouncing around the grey matter. The following was sent to us from a student who told us that "one of my buddies who was able to slip in a […]
Comp Watch ’13: This Year’s Accounting Graduates Will Be Resented More Than Ever
With an average starting salary of $53,300, the class of 2013 might have to endure some envious snipes from their Class of '12 co-workers: The average starting salary for accounting graduates this year is $53,300, up from $49,700 in 2012, Andrea Koncz, employment information manager for the NACE, told AccountingWEB. In 2011, the average starting […]
Dead Boston Marathon Bombing Suspect Didn’t Take to Accounting
The Associated Press reports that Tamerlan Tsarnaev, the 26-year-old bombing suspect who was killed overnight, studied accounting part-time at Bunker Hill Community College in Charlestown. He only went for three semesters — fall 2006, spring 2007, and fall 2008 — and dropped out as he became more religious, according to the Wall Street Journal. He […]
Calling All Armchair Politicians: This Year’s AICPA Accounting Competition Seeks a Presidential Advisor
Unfortunately certain armchair politicians who frequent this website are likely too old to enter the 2012 AICPA Accounting Competition but for student members of the AICPA currently enrolled in school, there's a $10,000 prize waiting for the team who can come up with winning strategy for a made up presidential candidate you'll be advising: You’ve […]
The Stuff Your College Professor “Forgot” To Tell You About Getting a Job
While you're busy blowing off Intermediate Accounting to sleep off last night's bender, your college professors are busy telling your fellow students all about how to prepare financial statements, test controls and, uh, whatever else it is you kids are learning in skool these days. Unfortunately, there are a lot of things that fancy accounting […]
Saturday Open Thread: What Is Wrong With You Kids These Days?
Since we wouldn't want you all going through GC DTs over the weekend, we're implementing a Saturday Open Thread. You are welcome to hijack the thread with your own concerns such as salary issues, work-life balance or the lack thereof, disconcerting March Madness rules at your firm, your colleagues' unfortunate wardrobe choices or the bizarre […]
An Accounting Troll Gets Trolled
I think the guy who asked me what a troll was just trolled me. Freaking CPA can celebrate all over again as he is yet again appearing in Going Concern. Two things: 1) I'm not a "he" (I could see how one might think that but thought my obviously feminine first name gave that away […]
Here Are a Bunch of Opportunities for Accounting Students to Get Free Money
Alright so it isn't hundreds of thousands of dollars but if you're trying to scrape together a few bucks for school, try this super handy list via This Way to CPA. Just some examples of the scholarships listed: Accounting students in Pennsylvania can snag up to $15,000 from the Pennsylvania Institute of CPAs; New Jersey […]
AICPA Accounting Competition Offers Cash Prizes to Top (Pretend) Fraud Fighters
Are you an accounting undergrad interested in forensic accounting and cold hard cash? If you are, you might be interested in the 2011 AICPA Accounting Competition, which asks college students to flex their fraud and forensic skills in advising a fictional client on a major overseas expansion. The top three teams will strut their stuff in Washington D.C. on the AICPA’s dime, and the one that does the best job keeping the project on track — and on the right side of the law — gets a very legal $10,000. Legal if you pay taxes on the prize money, of course.
The American Institute of Certified Public Accountants has launched its second annual case competition, challenging college students across the country to test their fraud and forensic accounting skills in a complex scenario that will earn the top performing team a $10,000 award.
The 2011 AICPA Accounting Competition, which unfolds in three stages, focuses on a fictional Texas company looking to expand its business into the Nigerian oil fields. The competition is open to undergraduate students at 2-year and 4-year degree institutions in all 50 states, the District of Columbia, Puerto Rico, Guam, American Samoa, the Northern Mariana Islands and the U.S. Virgin Islands. Because this contest is open to any 2 or 4 year accounting students, this would be a great opportunity for a few future fraud fighters from smaller, less prestigious accounting programs – so if any enthusiastic professors happen to see this, please pass it along.
“The competition is an opportunity for students to get a hands-on, real-life understanding of one of the fastest-growing interest areas in accounting: fraud and forensics,” said Jeannie Patton, AICPA vice president for students, academics and membership. “Those who participate will hone their teamwork and leadership skills, deepen their understanding of financial risks in international business strategy and potentially bring national attention to their college or university.”
Participants in the competition must work in teams of four students, two of whom must be accounting majors. One of the accounting majors must serve as team leader. First round submissions, which are due September 30, will be evaluated to determine a pool of 10 semifinalists. Those semifinalists will compete for three finalist spots, a chance to travel to Washington, D.C. for the final round and three cash awards: $10,000 for first place; $5,000 for second; and $2,500 for third.
Entrants will be expected to outline, in 750 words or less, double-spaced, the top three fraud risks for High Prairie Construction’s plan to expand into the Nigerian oil fields. Would this move increase the risk of fraud within the company? Are there factors within the company’s culture that leave it vulnerable to fraud? Is High Prairie exposed to risk under the FCPA and UK Bribery Act? All of these are considerations you’d make in your summary.
Teams may register and find complete details on the 2011 AICPA Accounting Competition section of the This Way to CPA website.
Former Bucknell Accounting Student Accused of Serial Flashing Had a MO That Would Make Most Women Suspicious
Jay Patrick Knaub, the former accounting major from Bucknell University accused of flashing four girls between the ages of 12 and 16, was back in court yesterday with his victims present. CBS21 reports that a few of the charges have been dropped and other charges consolidated but the most surprising thing we learned was that Mr. Knaub’s modus operandi was something that would have most women backing away slowly from the car with their hands in the air.
Each time the Middletown resident and former Bucknell University student would reportedly drive up to the girls and ask for directions. At least twice he’s accused of showing them a map, and then moving that map to expose his genitals. [At least twice he’s accused of showing them a map, and then moving that map to expose his genitals.]
Because of the age of these girls, chances are they’ve never been in the presence of a man admitting to being lost and needing directions since that is something simply doesn’t not happen unless A) he’s being forced to do under duress (e.g. future sex is being withheld) or B) he is not from this planet.
Any woman that has ever been lost with a man, knows that stopping and asking anyone for directions is something that men simply do not have the capacity to do. Accordingly, any man waving them down from a car and saying, “I think I’m lost and need directions,” would have send them running, arms flailing and screaming for the nearest police officer.
Unfortunately, these young girls had to learn this life lesson in a very shocking way and not in the normal course of experiencing the stupidity of men.
Accounting Student Attempts to Explain How He Wound Up in a Looted Computer Store
Saffron Armstrong tried to explain that he had gone into a looted computer store because he was inquisitive – and a freelance journalist.
This drew sniggers from the press bench, but not from district judge Elizabeth Roscoe, who told him he faced a prison sentence. The 22-year-old pleaded guilty to burglary after being arrested in a PC World store in Colliers Wood, south London, the day after it was hit by looters. The accounting student from Mitcham, who also worked for Marks and Spencer, was remorseful and admitted his intentions had “not been for the best”. [BBC via AWEBUK]
(UPDATE 2) Bucknell Accounting Student Accused of Being Serial Flasher
Earlier today I was tipped to this story about a man accused of being a serial flasher in central Pennsylvania. Last week WHTM reported that Jay Patrick Knaub, a “straight-A student at Bucknell University” was accused of “20 counts including unlawful contact with minors, indecent exposure, and open lewdness.”