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CPA Success
CPA Success
http://www.macpa.org/blog/category/13/legislative--regulatory/files/testimony_sb_1296_version_2.doc?i=62&amp;watch=rss
en-US
2016
blog@macpa.org (CPA Success)
Mon, 07 Mar 2016 06:01:58 GMT
Mon, 07 Mar 2016 06:01:58 GMT
BryceWebGroup.Blast
10
New FAQs examine IFRS for small, mid-size companies
&lt;p&gt;&lt;a href=&quot;http://cpasuccess.typepad.com/.a/6a00d834520c5769e20120a62b4bd1970b-pi&quot;
style=&quot;FLOAT: right&quot;&gt;&lt;img alt=&quot;Global&quot; border=&quot;0&quot; class=&quot;asset asset-image at-xid6a00d834520c5769e20120a62b4bd1970b &quot; src=&quot;http://www.macpa.org/blog/resources/assets/1441918880.jpg&quot; style=&quot;MARGIN: 0px 0px 5px 5px&quot; title=&quot;Global&quot; /&gt;&lt;/a&gt; IFRS is hot again, and
public companies aren&amp;#39;t the only ones getting in on the act.&lt;/p&gt; &lt;p&gt;Equally hot of late is &lt;a
href=&quot;http://www.iasb.org/IFRS+for+SMEs/IFRS+for+SMEs+and+related+material/IFRS+for+SMEs
+and+related+material.htm&quot; target=&quot;_blank&quot;&gt;IFRS for Small and Medium-Size Entities&lt;/a&gt;, a 230page standard from the International Accounting Standards Board designed to meet the reporting needs
of smaller businesses.&lt;/p&gt; &lt;p&gt;Released in July 2009, IFRS for SMEs is generating a lot of buzz lately
and resurrecting the debate over whether there should be a separate set of reporting standards for
private companies.&lt;/p&gt; &lt;p&gt;I spoke with Judy O&amp;#39;Dell recently about this issue. Judy, an &lt;a
href=&quot;http://www.macpa.org&quot; target=&quot;_blank&quot;&gt;MACPA&lt;/a&gt; member and chair of the FASB&amp;#39;s
&lt;a href=&quot;http://www.pcfr.org/&quot; target=&quot;_blank&quot;&gt;Private Company Financial Reporting
Committee&lt;/a&gt;, has been on the IFRS frontlines recently, speaking with private-company CPAs
and&amp;#0160;AICPA leaders alike about &lt;a href=&quot;http://www.cpasuccess.com/2009/10/why-and-whatyou-need-to-know-about-sme.html&quot; target=&quot;_blank&quot;&gt;their needs and concerns&lt;/a&gt;. I&amp;#39;m working
on turning that conversation into a podcast, which will be ready soon and will definitely be worth a
listen. Stay tuned.&lt;/p&gt; &lt;p&gt;In the meantime, the &lt;a href=&quot;http://www.aicpa.org&quot;
target=&quot;_blank&quot;&gt;AICPA&lt;/a&gt; has prepared a list of &lt;a
href=&quot;http://ifrs.com/overview/IFRS_SMES/IFRS_SMES_FAQ.html&quot; target=&quot;_blank&quot;&gt;FAQs and
answers about IFRS for SMEs&lt;/a&gt;. It addresses some of the biggest challenges, headaches and
opportunities&amp;#0160;facing small businesses that decide to adopt IFRS.&lt;/p&gt; &lt;p&gt;&lt;a
href=&quot;http://ifrs.com/overview/IFRS_SMES/IFRS_SMES_FAQ.html&quot; target=&quot;_blank&quot;&gt;Read the
FAQs here&lt;/a&gt;, then tell us: Is IFRS ready for prime time in the United States?&lt;/p&gt; &lt;p&gt;Want to learn
more? Check out these IFRS-related resources and programs:&lt;/p&gt; &lt;p&gt;&lt;strong&gt;Related
CPE:&lt;/strong&gt;&lt;/p&gt; &lt;ul&gt; &lt;li&gt;Nov. 11 webcast: &lt;a
href=&quot;http://www.macpa.org/Public/Catalog/CourseDetails.aspx?courseID=0917W093&quot;
target=&quot;_blank&quot;&gt;IFRS for Small and Medium-Size Entities&lt;/a&gt; &lt;li&gt;Dec. 17: &lt;a
href=&quot;http://www.macpa.org/Public/Catalog/CourseDetails.aspx?courseID=09111131&quot;
target=&quot;_blank&quot;&gt;The Impact of IFRS and Other Global Standards on Private Entities&lt;/a&gt; &lt;li&gt;Dec. 18:
&lt;a href=&quot;http://www.macpa.org/Public/Catalog/CourseDetails.aspx?courseID=09111136A&quot;
target=&quot;_blank&quot;&gt;International versus U.S. Accounting: What in the World is the Difference?&lt;/a&gt; &lt;/li&gt;
&lt;/li&gt;&lt;/li&gt;&lt;/ul&gt; &lt;p&gt;&lt;strong&gt;Related on-site learning options:&lt;/strong&gt;&lt;/p&gt; &lt;ul&gt; &lt;li&gt;&lt;a
href=&quot;http://www.bizlearning.net/learningcenter/customizedtraining/event_detail_inHouse.cfm?eventi
d=09IFRSA&quot; target=&quot;_blank&quot;&gt;Are You Ready for IFRS? Moving Beyond the Basics&lt;/a&gt; &lt;li&gt;&lt;a
href=&quot;http://www.bizlearning.net/learningcenter/customizedtraining/event_detail_inHouse.cfm?eventi
d=09IFRSGAAP&quot; target=&quot;_blank&quot;&gt;IFRS vs. GAAP: The Differences That You Need to Know&lt;/a&gt;
&lt;li&gt;&lt;a
href=&quot;http://www.bizlearning.net/learningcenter/customizedtraining/event_detail_inHouse.cfm?eventi
d=09IFRSB&quot; target=&quot;_blank&quot;&gt;International Financial Reporting Standards (IFRS)&lt;/a&gt; &lt;li&gt;&lt;a
href=&quot;http://www.bizlearning.net/learningcenter/customizedtraining/event_detail_inHouse.cfm?eventi
d=09IFRS5000&quot; target=&quot;_blank&quot;&gt;International Financial Reporting Standards (IFRS) From 5,000
Feet&lt;/a&gt; &lt;li&gt;&lt;a
href=&quot;http://www.bizlearning.net/learningcenter/customizedtraining/event_detail_inHouse.cfm?eventi
d=09IFRS&quot; target=&quot;_blank&quot;&gt;IFRS: An Overview of the Looming Change to Global Standards&lt;/a&gt;
&lt;li&gt;&lt;a
href=&quot;http://www.bizlearning.net/learningcenter/customizedtraining/event_detail_inHouse.cfm?eventi
d=09IUSA&quot; target=&quot;_blank&quot;&gt;International versus U.S. Accounting: What in the World is the
Difference?&lt;/a&gt; &lt;li&gt;&lt;a
href=&quot;http://www.bizlearning.net/learningcenter/customizedtraining/event_detail_inHouse.cfm?eventi
d=09IFRSEE&quot; target=&quot;_blank&quot;&gt;The Coming IFRS Conversion: Preparing for the Ultimate GAAP
Makeover&lt;/a&gt; &lt;li&gt;&lt;a
href=&quot;http://www.bizlearning.net/learningcenter/customizedtraining/event_detail_inHouse.cfm?eventi
d=09IFRSJL&quot; target=&quot;_blank&quot;&gt;The Impact of IFRS and Other Global Standards on Private
Entities&lt;/a&gt; &lt;/li&gt; &lt;/li&gt;&lt;/li&gt;&lt;/li&gt;&lt;/li&gt;&lt;/li&gt;&lt;/li&gt;&lt;/li&gt;&lt;/ul&gt; &lt;p&gt;&lt;strong&gt;Relate books:&lt;/strong&gt;&lt;/p&gt;
&lt;ul&gt; &lt;li&gt;&lt;a href=&quot;http://www.macpa.org/public/products/ProductDetails.aspx?ProductID=PMIFRS&quot;
target=&quot;_blank&quot;&gt;IFRS: Practical Implementation Guide and Workbook&lt;/a&gt; &lt;li&gt;&lt;a
href=&quot;http://www.macpa.org/public/products/ProductDetails.aspx?ProductID=PMWIFRSIA&quot;
target=&quot;_blank&quot;&gt;IFRS 2009: Interpretation and Application CD&lt;/a&gt; &lt;/li&gt; &lt;/li&gt;&lt;/ul&gt;&lt;!-- Imported
Assets --&gt;
http://www.macpa.org/blog/2168/new-faqs-examine-ifrs-for-small-midsize-companies
bill@macpa.org(Bill Sheridan)
Wed, 28 Oct 2009 19:49:41 GMT
http://www.macpa.org/blog/2168/new-faqs-examine-ifrs-for-small-midsize-companies
Self-study CPE: No more limits
&lt;p&gt;&lt;a href=&quot;http://cpasuccess.typepad.com/.a/6a00d834520c5769e20120a66dc729970c-pi&quot;
style=&quot;FLOAT: right&quot;&gt;&lt;img alt=&quot;Equal&quot; border=&quot;0&quot; class=&quot;asset asset-image at-xid6a00d834520c5769e20120a66dc729970c &quot;
src=&quot;http://www.macpa.org/blog/resources/assets/1341007901.jpg&quot; style=&quot;MARGIN: 0px 0px 5px
5px&quot; title=&quot;Equal&quot; /&gt;&lt;/a&gt; Maryland&amp;#39;s &lt;a
href=&quot;http://www.dllr.state.md.us/license/occprof/account.html&quot; target=&quot;_blank&quot;&gt;State Board of
Public Accountancy&lt;/a&gt; has spoken, and here&amp;#39;s&amp;#0160;its verdict:&lt;/p&gt; &lt;p&gt;CPE equals
CPE.&lt;/p&gt; &lt;p&gt;Under &lt;a href=&quot;http://www.macpa.org/Content/25011.aspx&quot; target=&quot;_blank&quot;&gt;new State
Board regulations&lt;/a&gt;, self-study program credits are now calculated in the same way as classroom
credits, thus removing the limitations formerly imposed on self-study. This means self-study credits
are now considered equal and subject to the 80-hour CPE carryover allowance.&lt;/p&gt; &lt;p&gt;There are two
effective dates to keep in mind:&amp;#0160; &lt;/p&gt; &lt;ul&gt; &lt;li&gt;May 18, 2009 for previously named
&amp;quot;interactive&amp;quot; self-study, and&amp;#0160; &lt;li&gt;Oct. 10, 2009 for previously named
&amp;quot;regular self-study.&amp;quot; &lt;/li&gt; &lt;/li&gt; &lt;/ul&gt; &lt;p&gt;This new regulation is not retroactive.&lt;/p&gt;
&lt;p&gt;Questions? Contact the MACPA&amp;#39;s Member Service Center at (800) 782-2036 or check out
our &lt;a href=&quot;http://www.macpa.org/selfstudy&quot; target=&quot;_blank&quot;&gt;online self-study resource
center&lt;/a&gt;.&lt;/p&gt; &lt;p&gt;Then be sure to check out &lt;a
href=&quot;http://www.macpa.org/public/products/ProductDetails.aspx?ProductID=PSAOL&quot;
target=&quot;_blank&quot;&gt;CPExpress Select&lt;/a&gt;, the MACPA&amp;#39;s best-selling self-study offering. Earn up
to 80 hours of CPE credit for $165 while choosing from more than 200 programs in one- and two-hour
formats. &lt;a href=&quot;http://www.macpa.org/public/products/ProductDetails.aspx?ProductID=PSAOL&quot;
target=&quot;_blank&quot;&gt;Get details and order here.&lt;/a&gt;&lt;/p&gt;&lt;!-- Imported Assets --&gt;
http://www.macpa.org/blog/2170/selfstudy-cpe-no-more-limits
bill@macpa.org(Bill Sheridan)
Fri, 23 Oct 2009 15:25:11 GMT
http://www.macpa.org/blog/2170/selfstudy-cpe-no-more-limits
Debate over 'outdated' tax system on horizon
&lt;p&gt;&lt;a href=&quot;http://cpasuccess.typepad.com/.a/6a00d834520c5769e20120a5f3b56e970b-pi&quot;
style=&quot;FLOAT: right&quot;&gt;&lt;img alt=&quot;Capitol&quot; border=&quot;0&quot; class=&quot;asset asset-image at-xid6a00d834520c5769e20120a5f3b56e970b &quot; src=&quot;http://www.macpa.org/blog/resources/assets/1241582369.jpg&quot; style=&quot;MARGIN: 0px 0px 5px 5px&quot; title=&quot;Capitol&quot; /&gt;&lt;/a&gt; If you thought the
fireworks over health care reform have been fun, you&amp;#39;ll probably &lt;em&gt;love&lt;/em&gt; the coming
debate over tax reform.&lt;/p&gt; &lt;p&gt;To me, the issues are remarkably similar: Everyone agrees that
changes are needed, but nobody agrees on &lt;em&gt;which&lt;/em&gt; changes to make. Cue the partisan
lightshow.&lt;/p&gt; &lt;p&gt;Word is that lawmakers could start talking about possible changes to our tax
system as early as January, but the AICPA isn&amp;#39;t waiting that long.&lt;/p&gt; &lt;p&gt;In testimony before
the &lt;a
href=&quot;http://www.whitehouse.gov/the_press_office/PresidentialExecutiveOrderEstablishingthePreside
ntsEconomicRecoveryAdvisoryBoard/&quot; target=&quot;_blank&quot;&gt;President’s Economic Recovery Advisory
Board&lt;/a&gt;, AICPA President Barry Melancon &lt;a href=&quot;http://www.macpa.org/Content/25307.aspx&quot;
target=&quot;_blank&quot;&gt;called for impactful reforms&lt;/a&gt; that include simplifying the alternative minimum tax
and comprehensive changes to the estate and gift tax system. The &lt;a href=&quot;http://www.macpa.org&quot;
target=&quot;_blank&quot;&gt;MACPA&lt;/a&gt; offered similar testimony to the &lt;a
href=&quot;http://business.marylandtaxes.com/taxinfo/commission.asp&quot; target=&quot;_blank&quot;&gt;Maryland
Business Tax Reform Commission&lt;/a&gt; earlier this year.&lt;/p&gt; &lt;p&gt;“The dynamic American economy is
rebounding slowly and, we believe, is burdened by an unnecessarily cumbersome and somewhat
outdated income tax system,&amp;quot; Melancon told the committee. &amp;quot;In particular, we see
significant problems for small businesses arising from the increasing complexity of the tax
law.&amp;quot;&lt;/p&gt; &lt;p&gt;In a report titled &lt;a
href=&quot;http://www.aicpa.org/download/news/2009/PERAB_AICPA_Tax_Reform_October_2009_FIN
AL.pdf&quot; target=&quot;_blank&quot;&gt;&lt;em&gt;Tax Reform Alternatives for the 21st Century&lt;/em&gt;&lt;/a&gt;, the AICPA
says any meaningful tax reform has to take into consideration the following issues:&lt;/p&gt; &lt;ol&gt; &lt;li&gt;The
financial impact that the coming wave of baby boomer retirements will have on our economy. &lt;li&gt;The
expiration of the 2001 and 2003 Bush tax cuts. &lt;li&gt;The increasingly unfair impact of the AMT on
America&amp;#39;s middle class. &lt;li&gt;The recession&amp;#39;s negative impact on federal tax revenue. &lt;/li&gt;
&lt;/li&gt;&lt;/li&gt;&lt;/li&gt;&lt;/ol&gt; &lt;p&gt;&lt;a
href=&quot;http://www.aicpa.org/download/news/2009/PERAB_AICPA_Tax_Reform_October_2009_FIN
AL.pdf&quot; target=&quot;_blank&quot;&gt;Read the AICPA&amp;#39;s report in its entirety.&lt;/a&gt;&lt;/p&gt; &lt;p&gt;This debate is
going to be interesting, to say the least. &lt;a href=&quot;http://www.cpasuccess.com/2009/09/marylandseconomic-hits-just-keep-on-coming.html&quot; target=&quot;_blank&quot;&gt;We&amp;#39;ve said it before&lt;/a&gt;, but
it&amp;#39;s worth repeating: Tax reform is an area in which CPAs have a certain amount of expertise.
Sharing that knowledge with lawmakers will help them make informed decisions ... and keep
unintended negative consequences to a minimum.&lt;/p&gt; &lt;p&gt;&lt;strong&gt;Learn more&lt;br /&gt;&lt;/strong&gt;Follow
the latest tax-related developments at our 2009 Advanced Tax Institute, slated for Nov. 2-6 at
Martin&amp;#39;s West in Baltimore. Get details and register here: &lt;a
href=&quot;http://www.macpa.org/Public/Conference/Description.aspx?CourseID=09121002&quot;
target=&quot;_blank&quot;&gt;Day 1&lt;/a&gt;&amp;#0160;| &lt;a
href=&quot;http://www.macpa.org/Public/Conference/Description.aspx?CourseID=09121003&quot;
target=&quot;_blank&quot;&gt;Day 2&lt;/a&gt;&amp;#0160;| &lt;a
href=&quot;http://www.macpa.org/Public/Conference/Description.aspx?CourseID=09121004&quot;
target=&quot;_blank&quot;&gt;Day 3&lt;/a&gt;&amp;#0160;| &lt;a
href=&quot;http://www.macpa.org/Public/Conference/Description.aspx?CourseID=09121005&quot;
target=&quot;_blank&quot;&gt;Day 4&lt;/a&gt;&amp;#0160;| &lt;a
href=&quot;http://www.macpa.org/Public/Conference/Description.aspx?CourseID=09121006&quot;
target=&quot;_blank&quot;&gt;Day 5&lt;/a&gt;&lt;/p&gt; &lt;p&gt;You&amp;#39;ll also get a debriefing on recent tax developments at
Tom Hood&amp;#39;s professional issues updates. &lt;a href=&quot;http://www.macpa.org/Content/23456.aspx&quot;
target=&quot;_blank&quot;&gt;Get details and register for an update here.&lt;/a&gt;&lt;/p&gt;&lt;!-- Imported Assets --&gt;
http://www.macpa.org/blog/2173/debate-over-outdated-tax-system-on-horizon
bill@macpa.org(Bill Sheridan)
Mon, 19 Oct 2009 12:00:00 GMT
http://www.macpa.org/blog/2173/debate-over-outdated-tax-system-on-horizon
Why (and what) you need to know about IFRS for SMEs
&lt;p&gt;&lt;a href=&quot;http://cpasuccess.typepad.com/.a/6a00d834520c5769e20120a6362bd0970c-popup&quot;
onclick=&quot;window.open( this.href, &amp;#39;_blank&amp;#39;,
&amp;#39;width=640,height=480,scrollbars=no,resizable=no,toolbar=no,directories=no,location=no,menu
bar=no,status=no,left=0,top=0&amp;#39; ); return false&quot; style=&quot;FLOAT: right&quot;&gt;&lt;img alt=&quot;DSC02154&quot;
class=&quot;asset asset-image at-xid-6a00d834520c5769e20120a6362bd0970c &quot;
src=&quot;http://www.macpa.org/blog/resources/assets/1190978968.jpg&quot; style=&quot;MARGIN: 0px 0px 5px
5px&quot; /&gt;&lt;/a&gt; Remember Captain Hook from Peter Pan? &lt;a
href=&quot;http://en.wikipedia.org/wiki/Characters_of_Peter_Pan&quot; target=&quot;_blank&quot;&gt;Mister Smee&lt;/a&gt; was
Hook&amp;#39;s right-hand man and a rather humorous and good-natured pirate (as pirates go). &lt;/p&gt;
&lt;p&gt;Can the new &lt;a href=&quot;http://www.iasb.org/Current+Projects/IASB+Projects/Small+and+Mediumsized+Entities/Small+and+Medium-sized+Entities.htm&quot; target=&quot;_blank&quot;&gt;IFRS for&amp;#0160;SMEs&lt;/a&gt;
(small-medium enterprise edition) be your &amp;quot;right-hand man?&amp;quot; &lt;/p&gt; &lt;p&gt;Standing at only
238 pages (yep, that is the full set of standards), SME could be the answer to your standards overload.
It is also part of&amp;#0160;acceptable GAAP standards since recognition of the International Accounting
Standards Board by the AICPA in our &lt;a href=&quot;http://www.aicpa.org/About/code/et_appendixes.html&quot;
target=&quot;_blank&quot;&gt;Code of Professional Conduct&lt;/a&gt;&amp;#0160;in May 2008. This means that IFRS
for&amp;#0160;SMEs can be used for private companies as GAAP without having to use OCBOA or make
exceptions in your reports.&lt;/p&gt; &lt;p&gt;This was all part of &lt;a
href=&quot;http://www.fasb.org/news/nr120706.shtml&quot; target=&quot;_blank&quot;&gt;Judy O&amp;#39;Dell&lt;/a&gt;&amp;#39;s
update at a recent MACPA town hall meeting&amp;#0160;in Towson.&amp;#0160;Judy appeared as a guest
speaker and&amp;#0160;gave our members an update on the latest developments in private company
financial reporting. She should know since she chairs the &lt;a
href=&quot;http://www.fasb.org/jsp/FASB/Page/SectionPage&amp;amp;cid=1218220151736&quot;
target=&quot;_blank&quot;&gt;FASB&amp;#39;s PCFRC&lt;/a&gt; (Private Company Financial Reporting Committee).&lt;/p&gt;
&lt;p&gt;&lt;span class=&quot;asset asset-generic at-xid-6a00d834520c5769e20120a6363d0f970c&quot;&gt;&lt;a
href=&quot;http://cpasuccess.typepad.com/files/private-company-financial-reporting-odell-september-1620.pdf&quot;&gt;Here is a copy of her presentation.&lt;/a&gt;&lt;/span&gt;&lt;/p&gt; &lt;p&gt;Judy said IFRS for SMEs is growing
in acceptance with the recent announcement of the United Kingdom adopting it for&amp;#0160;its private
company reporting. Canada has taken the approach of maintaining Canadian GAAP for&amp;#0160;its
private companies (as&amp;#0160;Canadian public companies must use full IFRS starting in 2011). The
United States&amp;#0160;continues to be a question mark with regards to private companies.&lt;/p&gt; &lt;p&gt;Judy
talked about the pros and cons. One thing I really liked is that SME will remain stable for two years so
that private companies do not have to worry about major changes coming at them until those
anniversary dates. She also said the best way to evaluate whether IFRS for SMEs is a viable option is
to look at the &lt;span class=&quot;asset asset-generic at-xid-6a00d834520c5769e20120a6363a96970c&quot;&gt;&lt;a
href=&quot;http://www.iasb.org/IFRS+for+SMEs/IFRS+for+SMEs+and+related+material/IFRS+for+SMEs
+and+related+material.htm#english&quot; target=&quot;_blank&quot;&gt;Basis for Conclusions document&amp;#0160;in the
IASB website&lt;/a&gt; (registration required)&lt;/span&gt;.&lt;/p&gt; &lt;p&gt;You can download the full SME and
illustrative financial statements or order the documents in booklet form from the &lt;a
href=&quot;http://www.iasb.org/&quot;&gt;IASB Web site&lt;/a&gt;. The AICPA also has a full resource center on IFRS
at their Web site, &lt;a href=&quot;http://www.ifrs.com/&quot; target=&quot;_blank&quot;&gt;IFRS.com&lt;/a&gt;. The MACPA also
maintains an &lt;a href=&quot;http://www.macpa.org/Content/23456.aspx&quot; target=&quot;_blank&quot;&gt;IFRS resource
center&lt;/a&gt; as part of our town hall resources.&lt;/p&gt; &lt;p&gt;Judy was instrumental in attempting to modify
many of the latest FASB pronouncements to fit the needs of U.S. privately held companies. Notably,
she helped delay implementation of FIN 48 and other recent complex and costly standards, which are
almost irrelevant for U.S. private company financial reporting. (The MACPA led the comments to
exempt private companies from FIN 48 last year.) She is also one of the &lt;a
href=&quot;http://digital.webcpa.com/top100people/2009/&quot; target=&quot;_blank&quot;&gt;Top 100 Most Influential
People in Accounting&lt;/a&gt; (for&amp;#0160;a third year) and an &lt;a href=&quot;http://www.macpa.org/&quot;
target=&quot;_blank&quot;&gt;MACPA&lt;/a&gt; member. Needless to say, we are very proud of her.&lt;/p&gt;
&lt;p&gt;Don&amp;#39;t miss our upcoming programs on &lt;a
href=&quot;http://www.macpa.org/Public/Catalog/CourseList.aspx?type=Search&quot;
target=&quot;_blank&quot;&gt;accounting- and audit-related issues&lt;/a&gt;. Check out our &lt;a
href=&quot;http://www.macpa.org/public/catalog/coursesearch.aspx&quot; target=&quot;_blank&quot;&gt;online catalog&lt;/a&gt;
for upcoming programs.&lt;/p&gt; &lt;p&gt;Also, check out prior posts about &lt;a
href=&quot;http://www.cpasuccess.com/ifrs/&quot; target=&quot;_blank&quot;&gt;IFRS here&lt;/a&gt;&amp;#0160;and these upcoming
programs about IFRS:&lt;/p&gt; &lt;ul&gt; &lt;li&gt;Nov. 11: &lt;a
href=&quot;http://www.macpa.org/Public/Catalog/CourseDetails.aspx?courseID=0917W093&quot;
target=&quot;_blank&quot;&gt;&lt;font color=&quot;#800080&quot;&gt;IFRS for Small- and Medium-Sized Entities&lt;/font&gt;&lt;/a&gt;
&lt;li&gt;Dec. 17: &lt;a
href=&quot;http://www.macpa.org/Public/Catalog/CourseDetails.aspx?courseID=09111131&quot;
target=&quot;_blank&quot;&gt;The Impact of IFRS and Other Global Standards on Private Entities&lt;/a&gt; &lt;li&gt;Dec. 18:
&lt;a href=&quot;http://www.macpa.org/Public/Catalog/CourseDetails.aspx?courseID=09111136A&quot;
target=&quot;_blank&quot;&gt;International versus U.S. Accounting: What in the World is the Difference?&lt;/a&gt; &lt;/li&gt;
&lt;/li&gt;&lt;/li&gt;&lt;/ul&gt; &lt;p&gt;Tell us what you think: Should there be one set of global financial reporting
standards? Should we have separate standards for private companies and public companies?&lt;/p&gt;
&lt;p&gt;Listen to interview with Judy O&amp;#39;Dell form our own Bill Sheridan &lt;a
href=&quot;http://macpamedia.org/media/audio/CPASpotlight/Odell.mp3&quot; target=&quot;_blank&quot;&gt;Interviuew with
Judy O&amp;#39;Dell FASB PCFRC&lt;/a&gt;&lt;/p&gt;&lt;!-- Imported Assets --&gt;
http://www.macpa.org/blog/2178/why-and-what-you-need-to-know-about-sme
tom@macpa.org(Tom Hood)
Tue, 13 Oct 2009 10:46:00 GMT
http://www.macpa.org/blog/2178/why-and-what-you-need-to-know-about-sme
Six things accounting students want from employers
&lt;p&gt;&lt;a href=&quot;http://cpasuccess.typepad.com/.a/6a00d834520c5769e20120a631fe51970c-popup&quot;
onclick=&quot;window.open( this.href, &amp;#39;_blank&amp;#39;,
&amp;#39;width=640,height=480,scrollbars=no,resizable=no,toolbar=no,directories=no,location=no,menu
bar=no,status=no,left=0,top=0&amp;#39; ); return false&quot; style=&quot;FLOAT: right&quot;&gt;&lt;img alt=&quot;DSC00244&quot;
class=&quot;asset asset-image at-xid-6a00d834520c5769e20120a631fe51970c &quot;
src=&quot;http://www.macpa.org/blog/resources/assets/890601330.jpg&quot; style=&quot;MARGIN: 0px 0px 5px
5px&quot; /&gt;&lt;/a&gt; The top six things students want from their employers as they enter the workforce:&lt;/p&gt;
&lt;ol&gt; &lt;li&gt;Mentoring with senior people in your organization. &lt;li&gt;An understand the big picture and
why they are doing things. &lt;li&gt;A career pathway or road map: What are the rules of the game and what
do they need to do to get promoted? &lt;li&gt;Flexibility when possible. They believe work is an activity,
not a place to go. &lt;li&gt;An open-door policy to the senior management. &lt;li&gt;Involvement and a sense
that they are valued&amp;#0160;for their talents and education. &lt;/li&gt; &lt;/li&gt;&lt;/li&gt;&lt;/li&gt;&lt;/li&gt;&lt;/li&gt;&lt;/ol&gt;
&lt;p&gt;Our Eastern Shore chapter packed the room in the Guerrerri Student Center on campus
for&amp;#0160;a recent&amp;#0160;&lt;a href=&quot;http://www.macpa.org/Content/23456.aspx&quot;
target=&quot;_blank&quot;&gt;town hall / professional issues update&lt;/a&gt;. Our MACPA members love the four
hours&amp;#0160;of free CPE (part of our &lt;a href=&quot;http://www.macpa.org/Content/24808.aspx/&quot;
target=&quot;_blank&quot;&gt;six-point plan&lt;/a&gt; to help our members during the recession). &lt;/p&gt; &lt;p&gt;In these
sessions --&amp;#0160;designed to update our CPAs about the current issues facing the CPA profession -&amp;#0160;we always include a piece on the latest workforce trends&amp;#0160;and pipeline of employment.
We were fortunate to work with accounting educators (Dr. Dombrowski and department Chair Ken
Smith) to feature a panel of students from &lt;a href=&quot;http://www.salisbury.edu&quot;
target=&quot;_blank&quot;&gt;Salisbury University&lt;/a&gt;. This year included a panel of six seniors at Salisbury,
including two &lt;a href=&quot;http://www.bap.org/&quot; target=&quot;_blank&quot;&gt;Beta Alpha Psi&lt;/a&gt; officers. &lt;span
style=&quot;FONT-SIZE: 12px&quot;&gt;&lt;span style=&quot;FONT-SIZE: 11px&quot;&gt;&lt;span style=&quot;FONT-SIZE:
10px&quot;&gt;(Pictured above from left are&lt;/span&gt;&lt;/span&gt;&lt;/span&gt; &lt;span style=&quot;FONT-SIZE: 12px&quot;&gt;&lt;span
style=&quot;FONT-SIZE: 11px&quot;&gt;&lt;span style=&quot;FONT-SIZE: 10px&quot;&gt;Matt Beitman, Sarah Kooistra (BAP
vice president)&amp;#0160;, Porchia Brown, Katie Bauer (BAP president), yours truly, Erika Brown and
Jinga Rana).&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt; &lt;p&gt;The discussion about social media was also a big hit
with our members and the students. The more seasoned CPAs came away with a sense of &amp;quot;I am
feeling very behind in this technology.&amp;quot; The students really enjoyed hearing the perspective (and,
in some cases, fear) of the other generations about how they view these digital natives and their
texting, iPods, etc. Both came away with a better understanding of each other -- which is the whole
point. Check out some of the &lt;a
href=&quot;http://www.flickr.com/photos/macpa/sets/72157622556988312/&quot; target=&quot;_blank&quot;&gt;photos we
loaded on Flickr&lt;/a&gt;.&lt;/p&gt; &lt;p&gt;This &amp;quot;net generation&amp;quot; coming through college has a very
different set of experiences than the prior generations. Their brains are physically different. They are
better at technology, media and collaboration than any of the previous generations. The secret to
success is to engage them (and your other team members) in finding the right answer for your
organization.&lt;/p&gt; &lt;p&gt;One of our members summed it up well when he said, &amp;quot;These students are
much more articulate and polished than I was at that age and they know what they want.&amp;quot;&lt;/p&gt;
&lt;p&gt;I always love these exchanges. I felt like I was the student and the students were our teachers.
Thanks, Salisbury!&lt;/p&gt; &lt;p&gt;You can view a copy of &lt;a
href=&quot;http://www.slideshare.net/thoodcpa/piukeeping-up-with-accounting-fall-2009&quot;
target=&quot;_blank&quot;&gt;my presentation here&lt;/a&gt;.&lt;/p&gt; &lt;p&gt;Our &lt;a
href=&quot;http://www.macpa.org/Content/23456.aspx&quot; target=&quot;_blank&quot;&gt;town hall / professional issues
update&amp;#0160;resource center is here&lt;/a&gt;.&lt;/p&gt; &lt;p&gt;Here is our &lt;a
href=&quot;http://www.cpalearning2.com&quot;&gt;social media learning tool for CPAs&lt;/a&gt;.&lt;/p&gt; &lt;p&gt;Don&amp;#39;t
forget to join the MACPA on &lt;a
href=&quot;http://www.linkedin.com/groups?gid=153466&amp;amp;trk=hb_side_g&quot;
target=&quot;_blank&quot;&gt;LinkedIn&lt;/a&gt;,&amp;#0160;&lt;a href=&quot;http://www.facebook.com/search/?q=CPACareers&amp;amp;init=quick#/macpa&quot; target=&quot;_blank&quot;&gt;Facebook&lt;/a&gt;&amp;#0160;and &lt;a
href=&quot;http://twitter.com/macpa&quot; target=&quot;_blank&quot;&gt;Twitter&lt;/a&gt;. We also have created&amp;#0160;&lt;a
href=&quot;http://www.facebook.com/search/?q=CPA-Careers&amp;amp;init=quick#/pages/CPACareers/53451166599?ref=search&amp;amp;sid=557779332.2501582133..1&quot;&gt;Facebook student page
(CPA Careers)&lt;/a&gt;.&lt;/p&gt; &lt;p&gt;Students: Join our Tomorrow&amp;#39;s CPA program&amp;#0160;free at &lt;a
href=&quot;http://www.tomorrowscpa.org&quot;&gt;www.tomorrowscpa.org&lt;/a&gt;.&lt;/p&gt;&lt;!-- Imported Assets --&gt;
http://www.macpa.org/blog/2179/top-six-things-accounting-students-want-from-you-employers
tom@macpa.org(Tom Hood)
Mon, 12 Oct 2009 10:15:42 GMT
http://www.macpa.org/blog/2179/top-six-things-accounting-students-want-from-you-employers
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