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Showing posts with label education. Show all posts
Showing posts with label education. Show all posts
Tuesday, August 10, 2010

Back to School Tips

back-to-school-college-studentWith the 2010-11 academic year rapidly approaching, preparing to go back to school should be at the top your your list. It's important to be smart about what you really need to get done in the few remaining weeks before school starts. We've made a list of what students can do to prepare. (And it's not just for those who plan to take the CPA Exam.)

Step 1: Assess Your Situation

Think carefully about your living environment. Whether you are in the dorms or share a room in an apartment, odds are you are living in close quarters. Get organized! Spend a few days cleaning up your living space. Starting with small projects first, like desk drawers and closets, can leave you with a sense of accomplishment to take on larger tasks. You'll start the year with a fresh slate and a calmer demeanor. Also, remember to be as selective as possible with who you room with. It is hard enough to take care of your problems during the semester. . .why make life more difficult?
Thursday, June 17, 2010

Tips For College Grads

Congratulations Graduates! accounting-graduate-cpa-exm
It’s graduation time, and with the diploma comes copious amounts of pride, celebration, and a small level of anxiety riding on the back of the unknown future. What do I do next?

Luckily for Accounting Majors, you've chosen a systematic course of study and there are certain steps to take that will guide you into the unknown future. The following steps will get you on your way to passing the CPA Exam and obtaining your CPA.
Thursday, June 3, 2010

Get College Credit for Roger's Review Course

cpa-education-creditDid you know that you can study for the CPA Exam with Roger AND get college credit for it?

That's right, you can learn with Roger Philipp, CPA and get college credit at the same time. So for any CPA hopefuls who need a few more credits to meet the educational requirements to sit for the exam, or are just finishing their degree and want to get a head start on the review process, this is a perfect opportunity.

Roger CPA Review has established a partnership with Golden Gate University. Here are some of the benefits of this program:

  • Students receive 6 units at either the graduate or undergraduate level. Complete your degree while you prepare to pass the CPA Exam!
  • Engaging and accurate lectures by Roger Philipp, CPA, the world's most popular CPA Exam instructor.
  • Students receive 6 Accredited Master level college credits through Live Class if in CA or Online from anywhere in the world.
  • Acclaimed books and materials ensure a comprehensive experience.
  • Save time and money by satisfying your educational requirements to sit for the CPA Exam or gain licensure.
To find out more about the program and how to enroll go here!
Wednesday, October 21, 2009

Four Steps to Becoming a CPA

A must watch for CPA Exam Candidates! Becoming a CPA is difficult, but you can make it easier by breaking the process down into its four basic steps. Learn what it takes to become a licensed CPA, from qualifying to take the CPA Exam, to applying and meeting state requirements. Discover the basics of taking the CPA Exam and find out how to gain licensure. Filmed in the style of classroom and instructional videos from the 1970's, Four Steps to Becoming a CPA is certain to be an educational classic for years to come.

Thursday, August 27, 2009

Teaching by Tweeting: Is your Media Social Enough?


Teaching isn’t quite what it used to be. Yes, the rulers and belts went to the wayside some time ago - but in this Information Age professors are continuously presented with new teaching challenges. What could possibly be interesting enough to pull away a college student from texting and tweeting? Especially when we are talking accounting classes… :)

Some teachers have decided to put their class on the offense and use these tools to their advantage. Incorporating these platforms into an accounting classroom can increase participation, creativity, and information sharing. Laptops and iPhones aren’t leaving the classroom anytime soon, but accounting teachers can take advantage of these mediums to facilitate student engagement and foster learning.

By connecting with students via twitter, David Perry, a professor at the University of Texas, is able to gain insights on the readings he gives his students, his student’s lives outside of the classroom, and answer questions directly and not on class time. University of Texas at Dallas History Professor, Monica Rankin uses twitter hashtags (#) and projects a live feed of tweets at the front of the room. Twitter provides a medium to connect with students through a cutting edge medium – provide homework assignments, give feedback, ask insightful questions to spark debates (even during class!), send out test or appointment updates, and post links to related material. It has the ability to individualize the classroom and help students feel less like one of the masses, while also giving the professor the ability to excite students about material and have them apply to their outside lives.

Facebook is also becoming more commonplace in education. Universities are setting up Facebook Pages that students can follow for updates on campus events, class availability, and other news. For example, Menlo College recently announced the opening of new majors (including Accounting) via a Facebook page. Setting up group pages for your classes is also a great way to encourage participation, supplement in class information, or pose questions. Consider putting up some practice questions or CPA Exam questions that students can have access to – this way they are putting in extra effort and using real world applications of the knowledge they have gained.

Blogs can also be incorporated into teaching methodology. Past professors have had student’s blog about the subject matter relevant to their own life, their struggles with any information. Participation can be sparked through commenting, having the students help one another on hard accounting principles, or sharing CPA Exam study tips and tricks.

Overall, students enjoy participating in cutting-edge classroom environments. By using the mediums that they relate to the most, professors can engage their students and cultivate positive learning environments where the students want and choose to learn. Also, these techniques can save time at work and help professors get more done in less time by having the students help create and direct the class.

Try these sites for more information:
Social Media Uses
How Twitter and Facebook are fueling classroom learning
Free Tech 4 Teachers
*Photo by Chris Miles

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Tuesday, August 25, 2009

Where Have All the Accounting Professors Gone?

accounting-education-careerWith the critical shortage of accounting faculty drawing more attention, plans are being implemented to entice more CPA's into doctoral programs. Initiatives such as the Accounting Doctoral Scholars program aim to supply PhD level accounting faculty focused on auditing and tax to universities in desperate need. As we've reported in a previous article, professional organizations and academic institutions have contributed $15 million to fund this ambitious program. While this is certainly a step in the right direction, it shouldn't be considered a cure-all.

Let's take a closer look at some of the causes that lie behind the current shortage of teaching talent.

Retiring Faculty

The main reason commonly cited for the shortage of accounting faculty is the impending retirement of current staff. Sue Haka, president of the American Accounting Association reports that 43% of accounting professors are age 55 or older. For each year in the next decade, 500 to 700 of these accounting professors will retire, while only 140 new accounting faculty will enter the field.

Myths About the Teaching Profession

When it comes to pursuing a career as an accounting professor, we hear it over and over again. "This is not an economic proposition for people. This is a calling. You have to have this in your blood," according Ira Solomon, head of the accountancy department at the University of Illinois at Urbana-Champaign.

"You don't teach at a community college for the money," says Susan Crosson, CPA. Crosson is Accounting Coordinator and an Accounting Professor at Santa Fe Community College in Gainesville, FL. "You do it for the love of teaching and for the students, and because you can have a tax practice on the side, or are raising your children or you have an aged parent to take care of. Working here, you can juggle life a little."

Quotes like these can be polarizing. Some CPAs may feel ennobled by their desire to teach, eschewing lucrative private practice or prestigious firm affiliations in favor of reputedly lower paying and less glamorous faculty positions. Others, focused on making and saving money during difficult financial times, may be discouraged by the same factors.

There are many assumptions about the teaching profession that prevent fully qualified candidates from ever entertaining the option. Old adages suchs as "Those who can do; those who can't teach" wrongly discourage practicing professionals from passing their skills and knowledge to incoming generations. The general perception that the teaching profession is underpaid and undervalued is another point of concern for many.

It is beyond the scope of this blog post to dispel all of the assumptions that surround the teaching profession. Suffice to say that some universities have fully qualified accounting faculty boasting annual salaries of 120K or more. Many of these individuals, who would have never considered teaching in the early years of their lives, now have successful backgrounds practicing public accounting, and have found the time and inclination to enjoy a rewarding second career while giving something back to their chosen vocation.

Research vs Practice

In many cases, you'll need to have your PhD in order to teach accounting at an accredited university. This requirement is even more important than having your CPA, or any practical experience. Make no mistake: getting your PhD in accounting is far different from earning your CPA. Usually, it involves continuous study, research and publication of findings on accounting topics you never knew existed, and, may not be interested in. When coupled with the rigors of teaching and coursework, research projects can become very stressful. This is a vastly different lifestyle from the practicing CPA or public accounting position.

Fortunately, there are a growing number of circumstances in which practical qualifications are taken into account. Many institutions are now accepting Professionally Qualified (PQ) candidates as a compliment to their Academically Qualified (AQ) PhD counterparts. The concept is that certain areas of the discipline, such as Tax or Auditing, should not be taught by PhD staff. Instead, these topics should be taught by those who have working expertise. This removes the PhD requirement, lowering the bar to entry, while simultaneously providing a greater working knowledge of the topic.

While controversial in some circles, this approach could, in part, alleviate the shortage of accounting faculty to manageable levels. However, there are fears that the quality of accounting education would suffer, leading to entry level accountants with fewer or poorer skills.

Another suggested approach calls for greater flexibility in the determination of "academic qualification" in a doctoral program. This approach could lessen the average time of a program, or minimize the stresses involved by decreasing publication and research requirements.


There may be no quick fix to this long standing problem. Ultimately, it will be a combination of efforts and ideas that turn the tide. Regardless of the method used, the supply of qualified accounting faculty must quickly meet the demand posed by the increasing number of accounting students. We have no choice but to correct the issue immediately. Leaving tomorrow's students underserved would damage the industry for years to come.


For all the latest accounting industry news, CPA Exam tips and tricks, and insightful articles, be sure to follow Roger CPA Review on Facebook, Twitter and YouTube. Also, be sure to explore the Free CPA Exam Resources section of our website, where you'll find even more links to relevant articles and resources.

Tuesday, August 18, 2009

IFRS in Education: Are you being prepared?

A lot can happen between December and August. About 8 months ago, we took a look at the implementation of IFRS in college curricula. However, those sophomores that we alluded to have now become juniors and are one step closer to becoming interns, new hires, or sitting for the CPA Exam and the progress made in implementing IFRS into the education system seems min IFRS is consistently a topic of debate in the accounting industry. After the release of the SEC’s IFRS Roadmap, the accounting industry has been gearing up for adoption. A shortened version of the policies has now even been released to influence private firms to adopt the standards. Subsequently, the AICPA has begun preparation to include IFRS on the CPA Exam, increasing the importance that successful CPAs and CPA candidates are up to date on this information.

Schools that have not begun to incorporate IFRS material into their coursework are doing their students a disservice. If IFRS questions are posed to start showing up on the exam in 2011 (fourth quarter 2010 at the earliest, even) then it should stand that college curricula include this material. Currently enrolled students who want to become a CPA will assuredly be taking at least one section of the exam in 2011, if not multiple. They will be disadvantaged by not receiving an adequate education of the subject matter, and will likely need to teach it to themselves or pay extra attention during their CPA Review.

Deloitte, EY and PwC have released free materials and resources on IFRS for universities with the goal of increasing education across colleges. Not only is IFRS knowledge of escalating importance to CPA Exam candidates, but it is a skill the Big 4 and other large firms are now looking for as well; intern and new hire hopefuls take note. A quote taken from an article by the Illinois CPA Society drives home the point: “In five years, if a particular university isn’t teaching IFRS fundamentals, we’re not likely to recruit from that school,” says Grant Thornton’s Cavanaugh. “In 10 years, US GAAP isn’t going to be talked about anymore,” she stresses. “You’ve got to get on the wagon. If you don’t start understanding what’s going on, you’re going to get left behind.”

As a student, like we stressed in December, it is important to familiarize yourself with this information in order to stay prepared for the job market. Look into the accounting programs offered at your school, and if your school doesn’t offer any coursework on IFRS make sure you take the time to learn about it online. Better yet, offer the dean of your college some of the free materials mentioned above and bring about the necessary change in yourself. Future students would have you to thank for helping them better prepare.

We want to know what you think. Has your school started teaching IFRS?

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Wednesday, April 29, 2009

NASBA Announces Nation's Highest Pass Rates: Wake Forest University Does It Again!

According to recent results reported by NASBA, Wake Forest University's Calloway School of Business and Accountancy once again boasts the highest CPA Exam pass rates in the nation. Wake Forest alumni led the pack among first time exam candidates, with their amazing pass rate of 82%. Incredibly, their amazing accounting program has acheived this honor for four years in a row! All of us at Roger CPA Review would like to extend our congratulations to the newest batch of Wake Forest University alumni CPAs! Your next step: Gain licensure!!

Read the full article here.
Thursday, January 22, 2009

Tips on Recruiting

Roger gives students tips on successful recruiting!

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Get more of Roger's CPA exam review tips by subscribing to his CPA Exam Preparation Podcast.
Friday, October 24, 2008

Wanted: PhD Accounting Faculty, $30,000 Reward!

Did you ever really thank any of your accounting instructors who watched you evolve from unpolished freshman to fully real world ready graduate, fat new hire offer in your hand and all? Did you thank them for giving you the foundation you needed to thrive in your chosen field?

After all, YOU are the one who made the choice to endure countless hours of Statistics and Econ and Financial Reporting. THEY are the ones who filled you with most of what you needed to accomplish that goal.

Accounting professors are, by large, an under-appreciated bunch.

Sadly, as Baby Boomers reach retirement age and leave gaping holes in the educational system, an already historically understaffed profession is starting to see a need that has not been this pressing since the early 1990s. Projections point towards a very critical demand emerging in the next decade while the consensus among professors we spoke to was that the deficiency of qualified PhD accounting faculty is nothing new.

What difficulties stand in the way of filling this blatant vacancy?

- Qualified accounting students rarely consider teaching as a viable alternative to a lucrative firm offer. Who wants to give up a chubby bonus and the prestige that comes with landing a Big 4 offer that you can show off to your Facebook friends from college?

- Earning your CPA is difficult. So is earning a doctoral degree. Doing both requires an unique kind of dedication that too few possess.

- College was expensive. Surely our friend Chicky Finance can shed some light on the burden of student loans and the substantial stress caused by a seemingly insurmountable mound of debt. Earning a PhD is going to cost more and many considering academia see this cost as a huge obstacle to their goals.

- Entrance into doctorate programs requires not only dedication and financing but proof that the candidate can handle the rigors of such a program. This usually means a 'qualified' PhD candidate maintained a high GPA throughout school and secured impressive GMAT scores to boot.

The reality is that new faculty with an accounting doctorate aren't exactly starving students; a recent survey of the AACSB shows that new doctorate nine-month salaries are around $118,500!

So how do you go from accounting student to accounting faculty?

It helps to have a hero. Of course, most professors (especially in the under-appreciated accounting department) aren't exactly known for their jovial demeanor. But most people enjoy being asked about their lives, so run some questions by your favorite accounting instructor. Ask how they got into teaching, why they made the transition, what they enjoy/dislike about their jobs. Surely you'll find some version of a mentor and may be shocked to discover it's your stoic Cost Accounting teacher who you could have sworn had it out for you all this time.

Another big help, the collective venture of 70 accounting firms and several state CPA societies that attempts to fill this critical void. Pledging $15 million to the newly formed Accounting Doctoral Scholars program (overseen by the AICPA) and with the bigger firms levying their influence and reach to recruit employees who they plan to encourage to enter the program, the ADS seeks to assist qualified applicants (to the tune of $30,000 a year for up to 4 years, each) to pursue their degrees in education.

Interested applicants may contact the Accounting Doctoral Scholars program via e-mail at, by phone at 919-402-4524, or on the web:

In the end, the decision to get into education is a personal one. Even Roger had his own motivations for moving from Deloitte Auditor to CPA Review teacher.

But the accounting departments of schools across the country are going to be starving for qualified instructors and the future CPAs of America and beyond who are now still in diapers are counting on the accounting professors of tomorrow who are still uncertified to step up.

Are you the one to answer that call?