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Becoming a CPA and SCACPA Student Membership Orientation
Becoming a CPA and SCACPA Student Membership Orientation
Becoming a CPA and SCACPA Student Membership Orientation
Becoming a CPA and SCACPA Student Membership Orientation
Becoming a CPA and SCACPA Student Membership Orientation
Becoming a CPA and SCACPA Student Membership Orientation
Becoming a CPA and SCACPA Student Membership Orientation
Becoming a CPA and SCACPA Student Membership Orientation
Becoming a CPA and SCACPA Student Membership Orientation
Becoming a CPA and SCACPA Student Membership Orientation
Becoming a CPA and SCACPA Student Membership Orientation
Becoming a CPA and SCACPA Student Membership Orientation
Becoming a CPA and SCACPA Student Membership Orientation
Becoming a CPA and SCACPA Student Membership Orientation
Becoming a CPA and SCACPA Student Membership Orientation
Becoming a CPA and SCACPA Student Membership Orientation
Becoming a CPA and SCACPA Student Membership Orientation
Becoming a CPA and SCACPA Student Membership Orientation
Becoming a CPA and SCACPA Student Membership Orientation
Becoming a CPA and SCACPA Student Membership Orientation
Becoming a CPA and SCACPA Student Membership Orientation
Becoming a CPA and SCACPA Student Membership Orientation
Becoming a CPA and SCACPA Student Membership Orientation
Becoming a CPA and SCACPA Student Membership Orientation
Becoming a CPA and SCACPA Student Membership Orientation
Becoming a CPA and SCACPA Student Membership Orientation
Becoming a CPA and SCACPA Student Membership Orientation
Becoming a CPA and SCACPA Student Membership Orientation
Becoming a CPA and SCACPA Student Membership Orientation
Becoming a CPA and SCACPA Student Membership Orientation
Becoming a CPA and SCACPA Student Membership Orientation
Becoming a CPA and SCACPA Student Membership Orientation
Becoming a CPA and SCACPA Student Membership Orientation
Becoming a CPA and SCACPA Student Membership Orientation
Becoming a CPA and SCACPA Student Membership Orientation
Becoming a CPA and SCACPA Student Membership Orientation
Becoming a CPA and SCACPA Student Membership Orientation
Becoming a CPA and SCACPA Student Membership Orientation
Becoming a CPA and SCACPA Student Membership Orientation
Becoming a CPA and SCACPA Student Membership Orientation
Becoming a CPA and SCACPA Student Membership Orientation
Becoming a CPA and SCACPA Student Membership Orientation
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Becoming a CPA and SCACPA Student Membership Orientation

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  • www.scacpa.org | scacpa@scacpa.org (888) 557-4814 Becoming a Certified Public Accountant, presented by the South Carolina Association of CPAs
  • www.scacpa.org | scacpa@scacpa.org (888) 557-4814 Becoming a Certified Public Accountant, presented by the South Carolina Association of CPAs
  • www.scacpa.org | scacpa@scacpa.org (888) 557-4814 Becoming a Certified Public Accountant, presented by the South Carolina Association of CPAs
  • www.scacpa.org | scacpa@scacpa.org (888) 557-4814 Becoming a Certified Public Accountant, presented by the South Carolina Association of CPAs
  • www.scacpa.org | scacpa@scacpa.org (888) 557-4814 Becoming a Certified Public Accountant, presented by the South Carolina Association of CPAs
  • www.scacpa.org | scacpa@scacpa.org (888) 557-4814 Becoming a Certified Public Accountant, presented by the South Carolina Association of CPAs
  • www.scacpa.org | scacpa@scacpa.org (888) 557-4814 Becoming a Certified Public Accountant, presented by the South Carolina Association of CPAs
  • www.scacpa.org | scacpa@scacpa.org (888) 557-4814 Becoming a Certified Public Accountant, presented by the South Carolina Association of CPAs
  • www.scacpa.org | scacpa@scacpa.org (888) 557-4814 Becoming a Certified Public Accountant, presented by the South Carolina Association of CPAs
  • www.scacpa.org | scacpa@scacpa.org (888) 557-4814 Becoming a Certified Public Accountant, presented by the South Carolina Association of CPAs
  • www.scacpa.org | scacpa@scacpa.org (888) 557-4814 Becoming a Certified Public Accountant, presented by the South Carolina Association of CPAs
  • Becoming a Certified Public Accountant, presented by the South Carolina Association of CPAs www.scacpa.org | scacpa@scacpa.org (888) 557-4814
  • Transcript

    • 1. B E C O M I N G A Certified Public Accountant
    • 2. WHAT ARE THE STEREOTYPES OF ACCOUNTANTS?
      • Shredding is their #1 hobby!
      • Pocket protectors are a fashion accessory.
      • They carry laptops because they think it makes them look cool.
      • They get psyched for business casual day.
      • Boring.
    • 3. MYTHS VERSUS REALITY
      • Myth: It is all about math !
      • Reality: It is all about…
        • Strategic and critical thinking
        • Problem solving and decision making
        • Effective use of technology
        • Good communication
        • Strong leadership and team building
        • Attention to detail
        • Analyze business situations
        • Develop creative solutions
        • Maintain objectivity
        • Often have the vision to realize untapped financial potential
    • 4. GOT RESPECT?
      • No credential in the business world earns as much respect as the CPA – it is a prestigious credential.
      • CPAs meet the rigorous demands of certifications to take on the challenge of solving key business puzzles.
      • Having CPA attached to your name instantly gives you expert status and respect .
      • CPAs are always in demand, in good times and bad – recession “proof” or “bubble.”
      • CPAs are trusted, reliable employees or consultants integral and essential to the business world.
      • Integrity is built into the profession, whether as an auditor, financial advisor or tax consultant.
    • 5. WHAT IS ACCOUNTING?
        • A profession
        • A business language
        • A set of rules to record business transactions in a consistent manner
        • The basis of business operations
        • Constantly changing
    • 6. JOB OPPORTUNITIES
        • Public accounting firm
        • Sole practitioner
        • Corporate
        • Not-for-profit
        • Government
        • Education
    • 7. CAREER VARIETY
        • Law enforcement
        • CFO 
        • Personal business manager
        • Auditor
    • 8. CAREER VARIETY
        • Treasurer
        • Information technology
        • Management consulting
        • Banking 
    • 9. CAREER VARIETY
        • Environmental compliance
        • Strategic resource manager
        • Tax interpretation/preparation
        • Forensics
    • 10. CAREER VARIETY
        • ElderCare adviser
        • International business
        • Estate planning
        • Litigation consulting
    • 11. GO YOU!
      • You’ll play a vital business role as an individual team member who contributed to the overall success of the enterprise.
      • The impact of your analysis and insight add to your value.
      • Promotion and advancement in nearly inevitable for CPAs.
      • Intellectually and financially rewarding.
    • 12. PUBLIC ACCOUNTING VERSUS PRIVATE INDUSTRY
      • Public Accounting
        • Work for several different companies
        • Provide a variety of services
        • Top position is typically a partner in a firm
        • Travel
      • Private Industry
        • Work for one company or organization
        • Travel varies
        • Top positions consist of Controllers, Chief Financial Officers, Presidents of company
    • 13. SERVICES PROVIDED BY PUBLIC ACCOUNTING FIRMS
      • Assurance Services and Information Integrity
          • Audit Services
          • WebTrust
          • SysTrust
          • Performance View
          • ElderCare
      • Technology Services
      • Management Consulting and Performance Management
          • Forensic Accounting
          • Valuation Services
      • Financial Planning and Tax Services
      • International Services
    • 14. PRIVATE INDUSTRY
        • Industries
        • Manufacturing
        • Retail
        • Insurance & banking
        • Healthcare
        • Not for profit
        • Government/schools
        • Individuals
        • Information technology
        • Job Types
        • Cost accounting
        • Internal audit
        • Financial/corporate accounting
        • Tax
        • Bookkeeping
        • Information technology
        • Sarbanes-Oxley compliance
    • 15. WHICH PATH TO CHOOSE?
        • Pros
        • More emphasis on training
        • Develop broader range of skills
        • More marketable
        • Easier to obtain CPA license
        • More responsibility
        • Access to top levels of management
        • Cons
        • More travel
        • Longer hours
        • High turnover
        • Many extras – recruiting, practice development
        • Pros
        • Less travel
        • Specific industry focus
        • May have shorter hours
        • Concentrated skill development
        • Cons
        • Narrower range of skills
        • Slower progression up the corporate ladder
      • Public Accounting
      • Private Accounting
    • 16. SKILLS YOU’LL NEED
        • Critical thinking
        • Technology savvy
        • Business sense
        • Problem solving
        • Ability to communicate clearly and concisely
    • 17. SKILLS YOU’LL NEED
        • Ability to work alone or as part of a team
        • Client-oriented
        • Strong ethics
        • Adaptable
    • 18. THE FUSS IN THE NEWS. . . In South Carolina: HomeGold and Carolina Investors: $275 million bankruptcy in 2003, affecting 8,000 investors – the largest in SC
    • 19. WHAT DOES IT MEAN FOR THE ACCOUNTING PROFESSION?
      • Sarbanes-Oxley Act (signed into law on July 30, 2002)
      • Sweeping legislative changes
        • Corporate and accounting reform
        • Requires improved financial disclosure
        • Enhanced penalties for securities fraud
        • Largest business reform legislation since the Great Depression!
      • What does the act do:
        • Requires management to be more involved in financial processes
        • Increases demands on internal accounting functions
        • Increase the demands on external auditors
        • Requires Board members to be more financially competent
      • What does that mean for your future in accounting…OPPORTUNITIES!
      • Following the much-publicized scandals of the early 21 st century, the accounting profession has been instrumental in ushering a new age of corporate trust and responsibility.
      • Sarbanes-Oxley Act has led to CPAs becoming more valuable and more highly regarded than ever before.
    • 20. SALARY POTENTIAL
        • $35K–$50K beginning
        • $55K + with CPA license
        • $150K + top positions
    • 21. SALARY COMPARISON IN THE PUBLIC SECTOR:
    • 22. SALARY COMPARISON IN THE PRIVATE SECTOR:
    • 23. THE SPRINGBOARD EFFECT
      • AICPA has 43,000 members who are CEOs, CFOs or COOs
      • Phil Knight, CPA, founder of Nike
      • The FBI employs 1,700 CPAs, including number #2 Thomas Pickard, CPA
      • Arthur Blank, co-founder of Home Depot and owner of the Atlanta Falcons is a CPA
      • Becoming a CPA is one of the best ways to enter and prepare for any possibility in the world of business
    • 24. HAND PICK YOUR CAREER DIRECTION
      • CPAs are in high demand.
      • Virtually limitless range of choices.
      • Demand from Hollywood to Main Street.
      • CPAs play key roles on nearly all professions and industries.
      • HAVE CPA, WILL TRAVEL!
      • As a CPA, you can live and work virtually anywhere in America.
      • Unparalleled career options.
      • Greater control and independence.
      • Go where opportunities are and dreams take you!
    • 25. WHAT DO FIRMS LOOK FOR IN RECRUITS?
        • Strong academically
        • Solid technical accounting knowledge
        • GPA is not the only requirement!
        • Involved in activities, well-rounded
        • Professional drive and motivation
        • Good communication skills
        • Personable
        • Detail-oriented
        • Overall business awareness
        • Leadership skills
        • High ethical standards
    • 26. WHAT YOU CAN DO NOW AND IN COLLEGE
        • Be proactive!!!
        • Talk to accountants or people working in occupations you are considering
        • Use your advisor to help determine your likes/dislikes and what jobs fit you
        • Shadow someone working in the profession in which you are interested
        • Join accounting and/or business clubs
        • Obtain internships
    • 27. LICENSING PATHWAY
        • A college degree
        • 120/150 hours of college credit
        • 36 semester hours in business-related subjects (upper and lower)
        • 36 semester hours in accounting-related subjects
        • Passage of Uniform CPA Exam
        • One year of general accounting experience supervised by a licensed CPA
        • Passage of ethics course
        • Evidence of good moral character
    • 28. WANT TO KNOW MORE?
        • Read Start Here magazine
        • www.startheregoplaces.com
        • www.scacpa.org
        • Check out the CPA Association in the state you plan to land (if not SC)
    • 29. SCACPA 2010 MEMBERSHIP UPDATE & ORIENTATION
    • 30. ASSOCIATIONS-COMING TOGETHER TO PRODUCE POSITIVE RESULTS
      • Banded together for a specific purpose
      • A sense of community coordination – the heart of the association profession
      • First associations firmed as guilds in the 1830’s – a trend unique to our country and growing in popularity internationally
      • 1.8 million associations, including ASAE, the association for associations!
      • 200 million+ hours of volunteer hours logged by associations each year
    • 31. WE’RE BUILDING A STRONGER ECONOMY
      • Workforce education
      • Expert points of view
      • Enriched public policy
      • Innovative business practices
      • Spirit of community service
    • 32. ABOUT SCACPA
      • State affiliate of AICPA
      • Founded in 1915
      • Governed by a 20 member voluntary Board of Directors
      • Eight local chapters
      • 30 guiding committees and task forces
      • 3,900 members, including CPAs, candidates, professional affiliates, educators and students
      • 9.5 professional staff members
    • 33. OUR MISSION
      • The mission of the South Carolina Association of CPAs is to support all CPAs – whether in public practice, industry, government or education – with lifelong learning opportunities necessary for their success, the promotion of high ethical standards and legislative advocacy for both the public good and for the profession.
    • 34. WIIFM: WHAT’S IN IT FOR ME?
      • Tools, Information and Resources
      • Customized, friendly member service from our professional staff
      • Advocacy: your “eyes and ears”
      • Certification and Licensing: Direct connection to LLR
      • Communications: Web site, CPA Report, Current Assets
      • Education
      • Information, research and statistics
      • Forum (face to face or virtual) to discuss common problems and solutions
      • Service focus: volunteerism and community service
      • A community, network, “home,” opportunity to participate
    • 35. MEMBERSHIP BENEFITS FOR STUDENTS (FOR ONLY $20 PER YEAR!)
      • Enhance your resume
      • Establish and build valuable relationships
      • Free attendance at selected events
      • Discounts on attendance at SCAPCA Continuing Professional Education (CPE) seminars, conferences and other events
      • Access to a wealth of scholarships awarded by SCACPA, AICPA and other organizations
      • Online career network
      • Stay up to date with our e-mail, printed and Web-based publications for all members
      • Online membership directory
      • CPA Exam Review Course discounts and exam prep classes
      • Student Recognition Luncheon and workshops (November 12)
    • 36. SCACPA SCHOLARSHIP PROGRAMS
      • SCACPA offered its first scholarship in 1965. An annual program was established in 1984.
      • In 2009, we awarded $19,000 in scholarships.
      • Applicants should be rising juniors and seniors majoring in accounting with a minimum 3.25 GPA (overall) and 3.5 in accounting coursework.
      • Our Web site features 16 scholarship opportunities and applications.
    • 37. SCACPA 2009 BOARD FIVE BOLD STEPS
      • Financial Literacy
      • CPE Innovation: Making CPE efficient, effective; taking into consideration the delivery method, cost and content.
      • Infrastructure: Headquarters Renovation/Expansion & Web site
      • Young CPAs Leadership Cabinet: 25 of the states’ brightest young CPAs
      • BEGIN: Business, Education, Government, Industry and Non-profit Focus Programs
    • 38. BOLD STEPS ADDED FOR 2010
      • Sustainability Initiative
      • Membership Relevancy Focus: Staying relevant and increasing perceived value.
      • Creating a Voice in Policy – Legislative, Regulatory and Standard Setting: Becoming more proactive in standard-setting, regulation writing and law creation.
      • Human Capital: Maintaining and strengthening SCACPA staff
    • 39. GET INVOLVED AND MAXIMIZE YOUR INVESTMENT
      • Apply for a scholarship
      • Read The CPA Report, Current Assets
      • Volunteer for a committee (students are welcome!)
      • Join the Financial Literacy campaign
      • Attend local Chapter Events and Seminars
      • Participate in events like CPA Day at the State House, Professional Issues Update in your area and the CPA Summit
      • Refer a member, be it a CPA, CPA candidate, professional affiliate or student
      • Get to know your staff
      • Take advantage of discount programs
    • 40. AMERICAN INSTITUTE OF CPAS
      • Since 1887, AICPA has been providing members with resources, training, programs and publications vital to CPAs.
      • 340,000 members strong
      • $35 per year for students and CPA candidates
    • 41. RESOURCES FOR STUDENTS AND CPA CANDIDATES
      • scacpa.org
      • aicpa.org
      • startheregoplaces.com
      • nextgenaccountant.com
      • llr.state.sc.us
      • diversitypipeline.org
      • Many others!
    • 42. REACH YOUR PROFESSIONAL STAFF
      • Continuing Professional Education (CPE) & Chapters April Cox, ext. 110, [email_address] Sandra Oxner, CMP, ext. 122, [email_address]
      • Member Services Katherine Swartz, CAE, ext. 105, [email_address] Emily Allen, ext. 106, [email_address]
      • Peer Review & Member Services Glenna Minor, ext. 107, [email_address]
      • Finance & Accounting Karen Hancock, CPA, ext. 108, [email_address]
      • Assistant Executive Director Reva Brennan, MPA, CAE, IOM ext. 103, [email_address]
      • Executive Director Erin Hardwick, CAE, ext. 104, [email_address]

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