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CPA Careers Profession College

The CPA profession offers myriad possibilities for career growth and development. This category has stories for every stage of a CPA's career, whether you just took the CPA Exam, are just starting out in the CPA profession, looking to boost your career or have your own firm.

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

Celebrating the Teachers Behind the Accountants

World Teachers' Day

Every year on October 5, people come together to celebrate World Teachers’ Day and the powerful difference teachers make. There are many accountants across the globe who wouldn’t be in the positions they’re in now without the influence of a teacher.

To celebrate, we put out a call for responses on social media asking how a teacher impacted a decision to pursue accounting. Here’s what we heard:

Lori Liddell, CPA, ABV, CFE

“To encourage us to stay motivated on our journey to becoming CPAs, Professor Virgil Carr would end his morning greeting by saying, ‘But once you pass that exam, you be sure to let me know and I will greet you as, ‘my fellow accountant’ and will even buy you lunch.’ Telling Professor Carr I had passed the exam and was officially an “accountant” is one of my fondest memories. Although he passed away in 2011 before I ever had the opportunity to take him up on that lunch he owed me, I work each day to make sure others also know the importance of becoming CPAs as well—just as he taught me. So today, on World Teachers’ Day, I salute you, Professor Virgil Carr, and all the other teachers who are encouraging would-be CPAs to continue to the end goal of becoming CPAs.”

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AICPA Finds Accounting Enrollments Remain High

Trends Cover 2017The AICPA recently released the 2017 Trends in the Supply of Accounting Graduates and Demand for Public Accounting Recruits report (Trends report). The report found that the total number of accounting undergraduate and graduate enrollments remains at the record levels seen in the 2014-2015 academic year, totaling more than 250,000 enrollments.  This was driven primarily by an all-time high in undergraduate enrollments. On the demand side, hiring of new accounting graduates has slowed compared to previous years.

This year we saw a shift in the mix of bachelor’s versus master’s enrollments. Projected master’s enrollments have returned to pre-2014 levels, while undergraduate enrollments remained high. The last several Trends reports found a sharp rise in the number of master’s enrollments and graduates. The higher numbers previously reported may be attributed to a surge in both traditional students and those changing careers earning their master’s in accounting. The CPA profession is known to have significantly lower rates of unemployment than the broader economy, particularly during economic downturns.  In my experience as an educator, economic turmoil is a strong motivator for people to seek out the stability that a career in accounting provides.

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One Man’s Journey From Poverty and Neglect to CPA and Inspirational Speaker

A conversation with Frank Thomas, keynote speaker at the 2016 AICPA Accounting Scholars Leadership Workshop

Frank ThomasOn May 18–20, about 100 minority accounting students will assemble in Durham, N.C., for the AICPA Accounting Scholars Leadership Workshop. The annual event draws accounting, finance and tax majors from across the country for an immersion into leadership development, CPA Exam preparation and the infinite benefits of earning the CPA credential.

Frank Thomas, a renowned inspirational speaker, author of RISE: Even Death Can’t Stop Me and previously a practicing CPA, is this year’s keynote speaker. Insights recently spoke with Thomas about his journey to becoming a CPA, overcoming profound childhood obstacles and observations on the future leaders of the profession.

Insights: What memories stand out to you on your path to becoming a CPA?

Thomas: Becoming a CPA is not the easiest thing in the world. Take the CPA Exam for instance, it’s one of the most rigorous exams in the world. It’s a difficult exam to prepare for, and it’s a difficult career path. I just remember how incredibly challenging it was.

I say that as someone who grew up in a home environment that was not ideal. My brother and I were raised by a single mother who gave her best but faced demons of her own. Drugs, alcohol, you name it. We were forced to raise ourselves. So I always knew it was up to me to face challenges and that I had to work twice as hard to make something of myself.

Becoming a CPA was the road I took.

Continue reading " One Man’s Journey From Poverty and Neglect to CPA and Inspirational Speaker" »

Pumping Up the CPA Pipeline with AICPA Legacy Scholars Program

College can be very expensive – I’ve got reams of cancelled checks to my student loan provider to prove it - but it’s also the best way to increase one’s chances of economic mobility. A college degree is essential if you’re planning to earn a CPA license.

The AICPA has long been committed to ensuring that there is a strong supply of talented CPAs in the pipeline to help the profession continue to meet the needs of U.S. capital markets. One of the ways the AICPA does this is through our AICPA Legacy Scholars Program.

The program, established in 2011, awards recipients with a one-year scholarship. It uses on-campus service work to help them develop the soft skills, including leadership and communications, needed to thrive in the accounting profession. Scholarship recipients plan, promote and execute specific on-campus events each semester that promote the value of the profession to others. To date, more than 300 students have participated in the AICPA Legacy Scholars program

14089-331 AICPA Legacy Scholars Seal_color_FThe AICPA Legacy Scholars program comprises four distinct awards:

AICPA/Accountemps Student Scholarship

AICPA Foundation Two-Year Transfer Scholarship

AICPA John L. Carey Scholarship

AICPA Scholarship for Minority Accounting Students

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Leveraging the AICPA | CIMA Competency and Learning Website for Your Development

 

Elizabeth pittelkow headshotThe AICPA | CIMA Competency and Learning website has been a very valuable tool to me since its launch in February. It has helped me both build needed competencies on my team and strengthen my own “strategic skills” in communication and leadership.

I have worked at large firms and now a smaller organization, and based on my experience, I believe the website is beneficial to CPAs from any size and type of organization. It offers small firms a full range of technical and non-technical resources, many of which are free. Larger firms may find that the resources have depth that can complement their in-house learning materials; particularly when it comes to non-technical perspectives, such as developing emotional intelligence.

To help you better understand how to leverage the website, I want to share my favorite resources and how they have helped me.  All the resources mentioned below are free for AICPA members.

Building New Competencies for Your Finance Team

My company has approximately 75 employees. As Director of Accounting and Compliance, I function in many areas, from insurance and risk management to financial reporting and HR. I also assist with legal and marketing.

When we had personnel changes this past year, I turned to the AICPA | CIMA Competency and Learning website to find planning, forecasting and budgeting resources. Using these tools helped my team develop a common language and build new competencies quickly and efficiently. I shared many of the website's resources with a staff person who took over several key responsibilities, and it helped her build needed skills in a short period of time. 

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