FALL 2009
CA(FORMERLY SPOTLIGHT U) pitalizeINTRODUCING ALBERTA STUDENTS TO THE CA PROFESSION
What to wear Dressing for success in the world of business
Create your own CA adventure
En Route to a CA designation A glimpse into the path of becoming a CA © 2009 Ernst & Young LLP. All rights reserved. Day one Day Visit ey.com/ca/careersVisit Facebook our and page. foryourfuture? next What’s us? with be one day your shouldn’t services, advisory or transaction tax, assurance, in lies career your whether So potential. your achieve you to helping we’re committed us, join you day corner. From every the around opportunities fresh to discover Time yourself. stretch and challenges new meet charge, to take time It’s and the possibilities are endless
Contents FALL 2009 Editors’ Message Welcome to CAp i t a l i z e !
3 Events Calendar CApitalize is the new career information magazine produced by the Institute of Chartered Accountants of Alberta. Interview do’s and don’ts 4 Formerly known as Spotlight U, this semi-annual magazine has been refreshed and re-named to better reflect students like you, who are CAEF Corner 7 looking to use your skills and interests to your advantage and truly “capitalize” on the many opportunities that present themselves on 10 Choose your own campus and beyond. CA adventure Each issue will not only introduce you to the chartered accountant (CA) profession, but will also address broader career-related topics and issues 19 Dinner etiquette made easy that are of interest to students. In this issue, you can read about how to prepare effectively for a job 20 CA Chat interview (p. 4), learn the different types of business attire (p. 14), and see why it’s important to get involved in extracurricular activities and student 22 En Route to a clubs (p. 27). You can also look forward to popular features from Spotlight U that we’ve retained, including CA Chat, news from the CA Education CA designation Foundation of Alberta, and CA profiles. We would like to invite you to provide feedback about the types of articles and information you would like to see in CApitalize. Please send your comments and suggestions to either of the email addresses listed Mission: Proper nutrition 28 below. We look forward to hearing from you and we hope you enjoy CApitalize as much as our team enjoys creating it.
Oscar Barzilay Lamers Amanda Radakovitch Editor Associate Editor e-mail: [email protected] e-mail: [email protected] CApitalize on the cover
Editor • Oscar Barzilay-Lamers • [email protected] Associate Editor/Advertising • Amanda Radakovitch • [email protected] 14 Contributors • Jen Lafferty • Shankeetha Selvarajah c a • Kim Woloszyn Graphic Design • Carla Andrew
Published by the Institute of Chartered Accountants of Alberta What to wear CEO & Executive Director • Jane Halford c a
Associate Executive Director • Wayne Kauffman f c a Talia, a student at the University Produced by the Public Affairs department of Lethbridge, Director • Gordon Turtle helps CApitalize Manager • Katie Starratt showcase what business students CApitalize is a semi-annual magazine designed to introduce students to the Chartered and young Accounting profession in Alberta. Published by the Institute of Chartered Accountants of Alberta, the magazine is distributed to more than 4,000 readers, including university, college, professionals and high school students, as well as career counselling and other student-oriented centres. should wear in a series of different 580 Manulife Place • 10180 – 101 Street • Edmonton AB T5J 4R2 T: (780) 424-7391 • F: (780) 425-8766 • 1-800-232-9406 situations. [email protected] • www.albertaCAs.ca
Canadian Publication Mail ISSN# 1703-0749 Agreement #40064884
Fall 2009 CAp i ta l i z e 1 campus recruit adv1.qxd:Layout 1 1/22/08 4:16 PM Page 1
© 2008 KPMG LLP, a Canadian limited liability partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved.
You and KPMG A Perfect Fit
A firm that fits with your interests. Feel valued and supported while tackling new challenges daily.
A career at KPMG can help deepen your knowledge of the key issues and business drivers within Canada’s major industries, while providing you with the opportunity to focus on and build your acumen in your chosen sector.
Sound like the perfect fit? Visit our Web site for information on current opportunities.
www.kpmg.ca/careers
2 Spring 2008 CApitalize U Events Calendar The Institute of Chartered Accountants of Alberta is involved in a variety of campus events including booths at career fairs and student golf tournaments. Watch for us at some of these upcoming events.
Upcoming Events September 1 All CA student training postings go live 24 **CA Application Deadline U of C House Orientation Mount Royal CA Career Fair 3&4 U of A Welcome Week 25 Mount Royal Bissett Accounting Student Society 8 *U of A Meet the Firm Night Golf Tournament 9 Mount Royal New Student Orientation Day 26 U of A Business Students’ Association Golf Tournament 10 University of Alberta Accounting Club CA Golf Tournament 30 U of L Career Fair Mount Royal Interviewing & Networking Info Session October 14 *U of L Meet the Firm Night TBA U of C MPAcc Info Session 15 *U of C Meet the Firm Night 5 First interviews begin for CA recruitment 16 U of C How to Survive CA Recruitment Session 8 U of C Hunt for Hunger (House Event) U of S Career Fair 14 Second interviews begin for CA recruitment 17 *U of L Calgary campus Meet the Firm Night 23 ***CA Offer Date 18 U of C CA Softball Tournament 27 CA Acceptance Date 21 U of A CA Dinner November 23 U of A Career Fair 5 U of C Dress & Dine for Success U of C CA Mixer
If your student group has an event you’d like to feature, let us know by emailing [email protected].
* Meet the Firm Nights are held at various post-secondary campuses and are a great opportunity for students to network with CA Training Offices. Contact the post-secondary career centres to find out more. **Students applying for CA training positions for 2010 must submit all applications by the CA Application Deadline. ***All employment offers for CA training positions are given out on the CA Offer Date. Students have until October 27 to accept an employment offer.
Fall 2009 CAp i ta l i z e 3 TIDBITS Questions to ask in a job interview In the midst of a job interview—often Interview towards its conclusion—you’ll likely be given an important opportunity to ask some questions of your own. You can use the following ideas as a guide to developing by Shankeetha Selvarajahdo’s c a and don’ts your own questions for your potential As the saying goes, “You never get a second chance to make a first impression.” Nowhere employer. is this more true than in a job interview. Robert Half International asked managers about the most unusual things they have heard of happening in a job interview. Here are a couple of • How does the organization support gems: professional development? • “After arriving for an early morning interview, the job seeker asked to use the hiring • What are the prospects for advancement manager’s phone. She proceeded to fake a coughing fit as she called in sick to her boss.” within the organization? • “The interviewer asked the candidate to describe his ideal job. His response was, ‘I don’t know… I haven’t had it yet.’” • How does this position fit into the • “When asked what motivated him, the job seeker replied, ‘I’ve got a big house and a big company? car and a big credit card balance. Pay me and I’ll be happy.’” • Who would my immediate supervisor • “When asked what he wanted to be doing in his next position, the job seeker said, ‘I’ll be? How would you describe their tell you what I don’t want to be doing — sitting in boring meetings, doing grunt work and management style? having to be nice to people all day long.’” • What key values or attributes does the Thorough preparation before the interview can keep your statements from becoming organization look for in the people it blunders like these. To make the best impression, follow these suggestions: hires? • Put yourself in the hiring manager’s shoes — He or she is looking for a strong work • How would you describe the culture of ethic, motivation and a positive attitude. this organization? • Know how to handle tough questions — No matter how prepared you are, one or two questions may surprise you. Take your time in answering these tricky inquiries and keep your responses concise and to the point. • Be yourself — Pretending to be someone you’re not to impress the interviewer can help you land the job, but you may end up in a position for which you’re unqualified. Salary negotiation • Focus on your value to the company — By discussing experiences and Negotiating salary—a daunting process— accomplishments that relate directly to the open position, you demonstrate your ability to contains three main stages: become an immediate contributor. 1.Being prepared In today’s challenging economy and job market, it is imperative to put your best foot • Tip: Look at job postings for your area forward. Don’t assume your resume, education and experience will guarantee you the to see what salary is listed for similar position. By following these simple steps, you will increase your chances of landing your positions. dream job, regardless of the economy. 2.Understanding the offer • Tip: Analyze the total package. Generous benefits, flexibility and other aspects of the position can make up for a smaller salary.
3.Making a counter offer Shankeetha Selvarajah c a is an Account Executive with Robert Half Management • Tip: Stay positive, polite and professional Resources’ Edmonton office. throughout the process. Aim for a win- win outcome. For more information please visit www.rhmr.com or call 1.888.400.7474. Source: Alberta Learning Information Service (www.alis.gov.ab.ca)
4 Fall 2009 CAp i ta l i z e LIFE IS A HIGHWAY by Oscar Barzilay-Lamers When Faizal Valli c a shifted his career to Calgary, his hobbies also moved into the fast lane
When Faizal Valli ca was mapping out the next step of his career, he had to balance two important priorities—finding an optimal work environment and satisfying his love of the outdoors. “I chose to move to Calgary from Vancouver because of the growth opportunities and the business and investment-friendly climate, and also because I didn’t have to give up the great outdoors,” exclaims the hiking and mountain biking enthusiast. While Faizal now works as a tax specialist for Moodys LLP Tax Advisors, his journey to the CA designation started back in high school, where accounting courses piqued his interest. “I always found accounting concepts interesting, particularly how you can tell a company’s entire story simply by looking at their financial statements.” He earned his honours degree in Business Administration at Simon Fraser University in Burnaby before entering the CA School of Business (CASB) program and training at a mid-size firm. “My CASB and articling experience was very valuable, as it provided me with a great deal of practical knowledge, which complemented the technical knowledge I gained through university.” After passing the Uniform Evaluation in 2004, Faizal made the move to Alberta to start his career. He spent time at a large public accounting firm and in the oil and gas sector, before deciding to specialize in tax. “I’ve always enjoyed breaking down complex tax problems and simplifying them,” says Faizal. “The interaction I have with clients is important to me, as is being able to offer them sound advice and quality service.” He said his job requires a certain level of analytical and detail- oriented thinking, as well as a high level of creativity. “For each case, you have to see which options are out there and which creative aspects you can take advantage of to maximize a client’s tax situation. It takes quite a bit of out-of-the-box Laughing Dog Photography thinking.”
Faizal Valli c a , originally from British Columbia, works as a tax specialist When he’s not in the office, Faizal sometimes strays from his for Moodys LLP Tax Advisors in Calgary. hiking and mountain biking paths to take to the open roads, as he and his wife recently became proud owners of motorcycles. They take every chance they get to explore the province’s majestic scenery. “You’re definitely able to see the beauty of the land firsthand— something that you can miss when you’re sitting in a car,” says Faizal. And as the rubber hits the road he can take some satisfaction in knowing he’s found the balance he was looking for.
Fall 2009 CAp i ta l i z e 5 OPPORTUNITY GLOBAL
Find Your Perfect Fit at KBH.
BALANCE EXPERIENCE
Perks of KBH: • GLOBAL – Member of PKF (international reach) Rise above the bottom line. • OPPORTUNITY – Access to partners • BALANCE – Every Friday off in the summer Working with the Auditor General • EXPERIENCE – Teamwork, career support of Alberta prepares you for more than crunching numbers. www.oag.ab.ca Call us at 780-463-8101 or visit kbh.ca
Imagine a career with a firm that values your individuality. Your talents. Your ideas. Your unique personality.
Collins Barrow Calgary gives you the freedom, responsibility and challenges to build a bright future as a Chartered Accountant. If you’re planning a career as a CA, we’d like to talk to you about your future. Please visit our website.
Get involved with the CA Profession
The Chartered Accountants of Alberta are looking for business students at post-secondary institutions who want to be part of the new CA Campus Reps program! The representatives’ job will include: • distributing career information; • promoting CA events; and, • being a point-of-contact for students. www.cbrecruiting.com Reps will receive CA merchandise and chances to attend exclusive CA events. Applications will be accepted in November. To enquire about the CA Campus Rep program, send your questions to [email protected]. The Chartered Accountants Education Foundation of Alberta (CAEF) is the Alberta CA profession’s charitable foundation CAEF Corner that partners with post-secondary institutions and others to support excellence in accounting education and thought leadership.
REMINDERS: t CAEFCAE Repor CA Case Competition Spring 2010 to thet Community
Rocky Mountain Business Seminar Feb. 15 to 19, 2010
to the EF Report k The 2009 CA w available. Chec Community is no ited out this inaugural publicationve benefand read EF stories on students who ha undation. Visit the CA from the Fo ferty website, or contact Jen Laf (see below).
Check out the new CAEF Website: www.albertaCAs.ca and click on CA Education Foundation
Contact
Jen Lafferty Andrew Ignatiuk Development Coordinator 2008 Dzurko Hounour Roll, Winspear Medal of Excellence Chartered Accountants Education Foundation of Alberta CA School of Business [email protected]
CAEF provides over 70 students with 580 Manulife Place, 10180-101 Street scholarships, awards and bursaries Edmonton, Alberta T5J 4R2 across Alberta and Saskatchewan. Tel: 780 424.7391
Fall 2009 CAp i ta l i z e 7 My U of L education provided an incredible foundation to pursue my chartered accountant designation.
As a student, my academic experiences expanded beyond the classroom. Case competitions, consulting projects and the IME (Integrated Management Experience) program created applied experiences that were both fun and challenging.
In IME, we created and implemented a business plan. I developed my leadership skills, built lasting relationships with teammates and established connections with business leaders – all while giving back to the Lethbridge community.
These experiences enabled me to develop a diverse and unique skill set that not only contributed to securing an articling position, but also provided a strong basis to pursue and ultimately obtain my CA.
Sabina Lokanc, CA, BMgt ’03 Controller, YMCA Calgary
For more information about management programs offered at the U of L, visit: discover.ulethbridge.ca
Sabina2.indd 1 8/6/09 10:51:53 AM Hard work opens doors for youngby Amanda RadakovitchCA
Laughing Dog Photography
Farah Albert has taken charge of her future by earning her CA and CPA designations , a University of Alberta alumna, is currently working in the Revenue Requirements depart- CA CPA Farah Albert ment of ATCO Gas in Edmonton, as well as volunteering for worksJunior in Achievement a leadership roleof Northern in the Revenue Alberta. Requirements department. “ATCO has an excellent leadership development program “Having my CA designation has opened a lot of doors to encourage people within the company to acquire the for me, both professionally and personally.” So says Farah skills needed to progress upwards in their careers,” says Albert ca cpa. Farah. “Having the opportunity to further develop my After completing her Bachelor of Commerce at the skills, along with having a CA designation, has allowed me University of Alberta in 2002, Farah set her sights on to quickly transition into a leadership role within ATCO.” earning a chartered accountant designation. She articled Farah also takes her leadership skills outside of the office with Mowbrey Gil LLP in Edmonton while simultaneously and into her volunteer role with Junior Achievement (JA) completing the required CA School of Business modules. of Northern Alberta. She spends three hours a week (from “The process of working and completing the modules at October to March) acting as an advisor for the JA Company the same time was very beneficial. It taught me how to Program, which provides opportunities for young people to manage my time effectively, as well as the importance of a better understand how businesses are developed, organized, good work ethic,” said Farah. managed and operated. “Volunteering gives me personal Farah’s passion for challenging herself didn’t stop after satisfaction—it allows me to make a difference in the lives she successfully completed the Uniform Evaluation, of students who are future business leaders. Giving back which is required of all CAs—she also decided to write is enriching and CAs are very fortunate to often be in the International Qualification Exam to earn her Certified positions where they can give back,” says Farah. Public Accountant (CPA) designation. From there, the doors of opportunity continued to open. Soon after obtaining her CPA, Farah decided to transition from public practice to industry in order to join ATCO. She now
Fall 2009 CAp i ta l i z e 9 Choose your own CA adventure
by Oscar Barzilay-Lamers For the first time ever, a handful of Alberta CA students are education. She is earning her CA stripes with TELUS in Edmonton, training for their designation outside of audit and assurance. In fall where she has been employed since May 2008. Lin is currently in the 2007, the CA profession in Alberta decided, through a member vote, to midst of taking CASB’s third module. expand what it recognizes as qualifying training, and where that training After completing her studies at St. Francis Xavier University can take place. As a result, students have different options available in Nova Scotia, Lin set her sights on entering TELUS’s Financial to them as they decide which path they want to take in order to earn Management Development Program (FMDP), which had recently been their CA designation. Public accounting firms can now create positions adapted to train CA students. in tax and other areas, alongside the aforementioned traditional areas. “I had heard a lot of positive things about the CA designation. Additionally, approved corporations and government departments are When I heard TELUS was able to train CAs, I thought it would be eligible to be recognized, under rigorous criteria, as CA Training Offices the best of both worlds—I could earn a prestigious designation while (CATOs). working in industry.” “The expansion of training opportunities for CA students was a Lin, who was the first student in the province to enter the FMDP necessary transition,” says Jane Halford ca, ICAA Executive Director program through the CA route, will go through a total of four rotations and CEO. “Not only was it a key step in securing the future supply of with TELUS, each of which will help guide her through the CA CAs and attracting the best and brightest students to the profession, but Competency Map. When her time in CASB is complete, she will have it was also a way to expand reciprocity and keep Canadian CAs on par completed terms with the company’s internal audit, SOX, taxation and with international chartered accountants.” business unit finance departments. TELUS and Nexen were the first two corporations to attain Dale Briske ca, Director of SOX, is an advisor for the CA training CATO status in Alberta and their first respective groups of students are occurring at TELUS in Alberta, and doubled as Lin’s manager in her currently progressing through practical training and the CA School of recent SOX rotation. Dale has participated in the FMDP since he Business (CASB) program. started with the company almost 20 years ago. From East to West “It’s a great opportunity because the FMDP has run at TELUS for The students enrolled in these new CATOs all have their own more than 40 years. Many people who have come through this program original tales to tell about their journey towards earning the CA are now in middle and senior management,” says Dale. designation. This is especially true for Lin Yang, whose path has been While the expansion of training opportunities was becoming particularly lengthy—over 8,000 km to be precise. Lin is originally a reality in Alberta, a key concern was guaranteeing that students from Beijing and moved to Canada to complete her post-secondary participating in the CATO program would gain their appropriate
10 Fall 2009 CAp i ta l i z e competencies, regardless of where they designation in general,” explains Adrian. trained. Dale indicates an industry training “I asked around to see which would be the experience will indeed offer exactly that. best designation for me, and the resounding New CATOs “The central core, the Uniform answer was that the CA is the gold standard.” Evaluation, or UFE, and the CASB This past spring, Adrian completed a on the Block requirements have to be met in either rotation in the company’s investor relations While the number of training route—that is the great equalizer. I think department. “It was a really fantastic position. positions outside of audit and private industry is an equally valuable training It was just created as a new role when I was assurance are still limited, more environment.” looking for a new rotation,” says Adrian. CATOs are coming onboard. TELUS TELUS has found the CA training “There were only three members, including and Nexen were the first non- process to be just as worthwhile as Lin has. In one vice-president and two senior analysts. traditional CATOS approved in early 2009, the company decided to train a It provided a lot of exposure to senior Alberta, but two other companies are second CA student in their Edmonton office. management and I had the opportunity also getting involved. The Nexen Step to provide analysis directly to the CFO.” Edmonton’s The Brick Warehouse In many ways, the experience of TELUS He is now placed in Nexen’s internal audit LP started with two CA students and its students has been echoed in comments department as part of a new rotation. in the spring of 2009 and are from Jason Berting ca, the CA Training Jessy Brar always dreamt of becoming considering adding a third. “As a Principal at Nexen Inc. The company started a CA, but before the amendments to CA public company, in both the retail and the training process with two CA students— training were made, it didn’t look like it would financial services industries, and as Adrian Hamfelt and Jessy Brar—and is be possible. a company that generates over $1.5 looking to have two more students join their “At the same time, I’ve always wanted billion in annual sales, The Brick has team within the calendar year. to work in the oil and gas industry and after significant financial reporting and Jason, who is also the Division Controller working at Nexen for three co-op terms I financial compliance requirements of Nexen’s Canadian Oil and Gas Division, was convinced that this was where I wanted that will provide CA students says he feels the industry training experience is to be,” says Jessy, who graduated from the with a broad range of challenging very valuable to students, even though it is, in University of Lethbridge in May 2008 with experiences,” says Marguerite Childs a Bachelor of Management degree and a some ways, a variation to the experience many c a , Treasury Manager with The Brick. CAs have had. major in accounting. A permanent position “We look forward to developing “No matter what, we will continue to of employment opened up for Jessy and she these students into long-term meet all competency requirements in depth simply couldn’t turn it town. However, as employees with senior positions and breadth. Our goal is to give the same luck would have it, Nexen was approved as a in internal audit and financial grounding and processes as public accounting CATO and her path towards the designation compliance.” training offices, but a different experience. could resume. “Somehow it all worked out Additionally, several Deloitte I feel we’re providing potential CAs with perfectly.” service areas—including Tax a more diverse environment. They won’t So far, Jessy’s experience in CASB has and Financial Advisory—are just be working with accountants, but also, been busy but rewarding. preparing to admit students to for example, engineers. They’ll be involved “My manager ensures that the work various CA training positions in finding solutions to issues and problem I do is demanding and meets the rigorous around the country under the solving.” requirements that a CA student should be recently published CA Professional While this is obviously beneficial to the experiencing. After all, that’s the way all CAs Experience Requirements, which CA students, he also sees positives for the became CAs.” outline the experience criteria of CA profession as a whole. This guidance from management has qualification. “There are two groups of potential CAs,” played a big role in the success of Adrian says Jason. “One group wants to become and Jessy’s tenure in CASB, she says. “We’ve “Deloitte has admitted CA students CAs and see a good fit in the area of public received so much support from managers, directly to all of its business lines accounting; however, the other group wants mentors and everyone else. Everyone is very in various Canadian locations for to become CAs but they aren’t interested in excited for us—they’re like our cheerleaders. many years—particularly in Tax, the public practice route and would appreciate Every time we see them we get a lot of Enterprise Risk, and Financial other options.” encouragement.” Advisory. What has changed is that Adrian Hamfelt began his employment Jessy hasn’t yet decided which of Nexen’s the new Professional Experience at Nexen in November 2006 after earning departments she would eventually like to work Requirements provide the option a commerce degree from the University of in, but she knows there’s no need to worry to focus the student’s development British Columbia. He was working in Nexen’s right now, as many opportunities will arise within the activities of the business new grad program, their version of TELUS’s once she earns her designation. line itself,” explains Alan Booth, FMDP, when he received word he could earn “Where can’t you go with the CA Associate Partner for Talent his designation through his current employer. designation?,” she asks with a smile. Acquisition and Development. “I was looking at doing an accounting
Fall 2009 CAp i ta l i z e 11 cc The house is where the heart is by Amanda Radakovitch
Con Tanasiuk Photography
Nolan Thiessen c a is balancing a blossoming curling career with being a manager at an Edmonton accounting firm.
“Hurry! Hurry hard!” That’s not your typical accounting jargon, but for support from both family and work. “When I started with Veres Picton & Nolan Thiessen ca, a member of the Team Koe curling squad, it’s a phrase Co. LLP, we had an open discussion regarding my curling schedule, and the heard often. With the 2010 Olympics fast approaching, Team Koe has partners were very understanding and have supported me in my pursuit of already qualified for the 2009 Roar of the Rings. Being held in Edmonton in making it to the Olympics,” said Nolan. With curling season starting in December, the tournament brings eight men’s and women’s teams together mid-September and lasting until mid-April, Nolan’s typical week goes to to compete towards earning a berth in the Vancouver Olympics. Last year, show that there is no typical week for a chartered accountant. Participating Team Koe had an outstanding year, winning the Canada Cup of Curling, in 13 to 15 curling events throughout the year, Nolan often practices two which contributed to their success in eventually qualifying for the Roar to three times a week before a competition. His team competes throughout of the Rings. Nolan looks forward to the challenges that lay ahead. “The Canada and Europe, taking him away from the office Wednesday to Sunday biggest part is consistency, and making it to the Olympics has always been when on the curling circuit. the goal of our team,” said Nolan. The upcoming months will be challenging, but Nolan welcomes this Nolan expressed an interest in curling at a young age, and with both challenge with enthusiasm. “The chance to compete in the Olympics in my parents being avid curlers, his Olympic path has been met with lots of home country would no doubt be the opportunity of a lifetime.”
Fall 2009 CAp i ta l i z e 13
What to Tips on weardressing in the working world
by Jen Lafferty So, you’ve done it. You’ve landed yourself a real job, received an invitation to a business event or have an important interview. The next step for many students is to invest in some appropriate business attire – but what exactly is “appropriate”? Is it really acceptable to wear that cute mini-skirt to the after-work cocktail party, or jewelled flip-flops and spaghetti-strap tank to the staff BBQ?
CApitalize partnered with Henry Singer, Blu’s Women’s Wear and GAP, and dressed up six business students from post- secondary institutions in Alberta to provide some clarification.
Thanks to:
Photos by Laughing Dog Photography
14 Fall 2009 CAp i ta l i z e Casual These style suggestions from Nick Nemish of GAP are perfect for a staff BBQ or casual Friday, but it’s important to remember that casual outfits still demand a pulled-together, harmonious, complete look with colors, fabrics, shoes, and accessories – for both men and women. Also, be sure to avoid shorts, T-shirts and other casual looks as they are generally not appropriate for casual office dress.
“Nathan’s shiraz v-neck sweater, layered with a “This cotton white oxford button-up blazer is perfect shirt, works well in a for Talia, and the casual setting.“ scarf is a great accessory for adding colour and person ality.”
Nathan, Talia, University of Lethbridge University of Lethbridge
“This knee-high dark denim Rosenthal pen- cil skirt is fashionable and still an appropriate length for the office.”
“Here we’ve got him in a pair of straight fit khaki pants. Depend- ing on office policy, a pair of clean, un-ripped jeans might also work.” For Her • Casual dress or skirt are suitable (sorry, but the mini-skirt is out) For Him • Trousers or un-ripped jeans can be matched with a casual blouse, • Polo shirts, other button-up shirts and, in some cases, a short-sleeve or a shirt and blazer shirt would also be deemed appropriate • Strut around on either flats or heels • No tie is required • Accessorize, accessorize, accessorize—it’s the secret to dressing • Casual loafers complete a casual outfit, but make sure to remember up any casual outfit to wear socks
Fall 2009 CAp i ta l i z e 15 Business Dress (aka business casual and smart casual) Business dress is your average “day at the office” wear and is also appropriate for dinner meetings. Be creative with colour and accessories to personalize your daily outfit. Glenn Wilkie from Henry Singer guides Greg through his outfit, while Alejandra Cavada of Blu’s does
the same for Laura.
“Ties are optional at most workplaces, “The suit is paired but a stylish button- Greg, NAIT with a long-fitted up shirt looks great, white shirt, and the with or without a silk printed blue, ja cket.” white and yellow handkerchief is the perfect accessory.”
Laura, University of Alberta
“This two-piece navy blue suit is classic, “We have Greg in a but the skinny dress dark suit, but any pants show you have colour will definitely a keen eye for up-to- work, as would date fashion as well.” a sport coat and trousers.”
For Her • Instead of a two-piece suit, a dress, dress pants, slacks or a For Him skirt—paired with a jacket, cardigan or vest—are also great options • Wear conservative shoes, such as leather loafers or professional slip-ons • Flats or dress shoes will go nicely with the outfits listed above—but beware, as flip-flops are a no-go for any office • Some workplaces may accept polo shirts instead of button-ups • Sorry ladies, but black yoga pants are not dress pants, so • A belt and dress socks are essential for everyday wear keep those for the studio
16 Fall 2009 CAp i ta l i z e Business Formal This style is suitable for events such as dinner functions, award events and cocktail parties. Glenn (Henry Singer) helps Sikandar prepare for his event, while Alejandra (Blu’s) dolls Ragni up.
“Always pair the “This dark, knee-length suit with a long- dress is a classy option, sleeved dress suitable for any dinner shirt and tie. Here, or gala.” Ragni, however, there are NAIT very few colour restrictions, Sikandar, so let your personality show.” University of Alberta
“These pink pumps, along with the white and black pearl accessories, add flair and prepare “For all formal you to go from occasions, a dark- the office to coloured suit is co ck tails.” the way to go.”
For Her For Him • A dark suit, or jacket with matching skirt or trouser, could • Dress shoes and socks are an absolute must easily substitute for a dress • A belt should complete any ensemble • For such occasions, footwear should be limited to heels • If the event is listed as “black tie” or “formal” it generally requires • For a “black tie” or “formal” affair, women can wear cocktail men to wear tuxedos (black or midnight blue), or a dark suit with dresses, long evening gowns or dressy evening separates a white dress shirt, black silk bow tie, black socks and highly polished leather or patent black shoes
Fall 2009 CAp i ta l i z e 17 I want to do more than just cash and receivables my first year
Carol Jennings U of A, 2008
Chartered Accountants and Business Advisors
Being overlooked by senior staff and pigeonholed in rigid job roles We have the programs and support to help you obtain your isn’t the way to launch your career. At MNP, you’ll work one-on-one designation and achieve your career aspirations – whether with partners, have the flexibility to branch into a variety of different it’s getting that big promotion, developing a diverse skill set, industries and still have plenty of time for a life outside of the office. or having the time to get to know your coworkers.
Whatever you’re looking for, MNP will help you find it. MNPwhatdoyouwant.ca Contact Bob Twerdun, VP Human Capital • 7th floor, 715-5th Ave. SW, Calgary AB T2P 2X6 • 403.536.2162 • [email protected] dinner Etiquette made easy Hair cut. Check. Appropriate attire. Check. Charming personality. Check. Intricate utensil knowledge. Excuse me?
Believe it or not, knowing how to appropriately tackle a formal dinner can become a critical part of moving towards a successful career in business. Suddenly eating dinner becomes more than calling the nearest pizza joint, or eating cereal out of a large cast iron pot. (Why the large pot, you ask? ‘Cuz there’s no clean bowls, duh.) Provided below is an illustration that can help you navigate your way through the maze of utensils you’ll face at many formal dinner events.
2 4 1. Bread plate w/ butter knife 1 5 2. Dessert spoon 3. Cake fork 4. Water glass 3 5. Wine glass 7 6. Salad fork 9 6 7. Dinner fork 10 8. Service plate 9. Service knife 10. Soup spoon 8
So many forks! Multiple glasses?! Oh, the humanity! Take a deep breath. Here are a few helpful tips to get you through a typical three-course meal. • Always start with the outer knife and fork and work your way in with each subsequent course. • The appropriate plate for your bread or dinner roll is always located on the lefthand side. Meanwhile, drinks on your right. • When you sit down, place your napkin on your lap. When your meal is done and you leave the table, place the napkin on your chair as opposed to on top of your plate or on the table. • Dessert and coffee utensils are always located above your plate. • Don’t reach across the table—either to greet fellow diners on their arrival or to grab the salt or pepper. It’s also appropriate to withhold from starting your meal until everyone at the table has been served. • Even with an open bar or free bottle of wine, refrain from having more than one or two alcoholic beverages. Save that for the after party. Source: www.gourmet-food-revolution.com
Fall 2009 CAp i ta l i z e 19 Chatting with Jessica Soulsby, President of the University of Calgary Commerce CA Chat Undergraduate Society (CUS)
Can you tell us a little about yourself and why you originally joined the CUS? I am going into my fourth year at the Haskayne School of Business (HSB) in the fall, and this will also be my fourth year in the Commerce Undergraduate Society (CUS). I originally joined the CUS because I had experienced many benefits from being involved in groups during my time in high school and I wanted to continue being an active member of my school community.
For those who don’t know, can you tell us about the CUS and the types of services and programs it offers? The CUS is a student-run, not-for-profit organization. We have approximately 100 active members in varying years and concentrations. The CUS offers a wide array of student services, events and programs, which are all aimed at enhancing the academic, professional and social development of students. In addition to the large number of events that the CUS runs throughout the year, it also hosts academic programs focusing on corporate social responsibility, public speaking, and leadership seminars. The CUS also takes care of many student services provided at the HSB, such as locker rentals, course note sales, grad photos, and the sale of HSB branded merchandise.
What types of opportunities are there for students who want to join the CUS? The opportunities that exist within the CUS are similar to many other things in life—they are what you make of them. This leaves virtually limitless opportunities for students who are interested in getting involved. Whether students are looking to raise awareness for a charity that hits close to home, work on a large event from start to finish and hone their project management skills, connect with some of Calgary’s premier companies and corporate representatives, learn IT skills through maintaining our website, supplement techniques learned in class through our finance and marketing portfolios, attend national conferences, uphold relationships that have been established with the faculty, administration, and other student organizations, or looking to be part of a great community and see some friendly faces in the halls, the CUS has numerous opportunities available.
How can students become members of the CUS? In order to become a member of the CUS team (directors or consultants), students must fill-out an application and go through an interview process. Interviews for our director team take place every April to get ready for the upcoming academic year, and interviews for our consultant positions take place every September. The senior executive team (President and VP’s) are elected by the HSB student body every February.
20 Fall 2009 CAp i ta l i z e Can you tell us your favourite memory with the society thus far? Over the past three years in the CUS, I have been extremely fortunate to work with some amazing people, and even though I cannot pick just one favourite memory (there are way too many!), I can say with certainty that my favourite part about the society is getting to know these individuals. I have made many lifelong friends and I consider myself extremely lucky to be able to work with these friends everyday to achieve something we are all passionate about.
Can you name and describe some of the different roles within the CUS executive? The CUS is currently divided into seven different portfolios, each with its own VP and set of directors from the executive team. The portfolios are Marketing and Communications, Finance and Operations, Community Development, Events, Corporate Relations, Business Day, and Academic.
Do you have any words of wisdom or pointers for future accounting majors? Get involved in your school and community early on in your degree. Attend as many social and networking events as possible and meet lots of people—it is important to meet not only corporate representatives but also other students, so you can help each other as you progress through your degree. Get the most out of your education by using all of the resources given to you—your professors are there to help (so use them!), attend case competitions, seek the help of the career centre and business library, and go to class. But most of all, enjoy your time in university because the opportunity exists for you to have some of the best times of your life.
In your opinion, why do you think it is important for students to be part of a club or association? I feel that it is very important for individuals to be involved in the community that they are a part of. Whether it is with the CUS or another student organization, getting involved in any capacity adds value to your degree and to the community that we are all a part of.
Where can students get more information about the CUS? The best way for students to get more information about the CUS is to come to our office in the HSB clubs trailer. We run regular office hours from 9 a.m. to 4 p.m., Monday through Friday, during the academic year and we’re always more than happy to assist students with any questions or concerns they may have. Our website (www.ucalgary. ca/~cus) is also a great source of information and we can always be reached via email at [email protected].
Would you like to add any additional thoughts or comments? Getting involved in university was one of the best things I have ever done. The growth I have personally experienced and the growth I have seen in the organization in the past three years continues to amaze me as I move forward. It has been such a pleasure to be involved with the society and I am so excited to see how far students’ initiative and drive can take this organization in the future.
Fall 2009 CAp i ta l i z e 21 En Route to a CA Designation
22 Fall 2009 CAp i ta l i z e competency—(def.) The ability to do something well, measured against a standard; an ability acquired through experience or training. Competence indicates sufficiency of knowledge and skills that enable one to act in a wide variety of situations
by Amanda Radakovitch
he path to obtaining a CA designation is not an easy one. The demonstrated competency within those tasks,” says John. “If the student TCA School of Business (CASB) curriculum is one of the most is deemed not to have achieved competency, he/she would make rigorous and challenging professional education programs in Canada. revisions, then resubmit the assignment.” Although the pursuit of a CA designation requires dedication and During modules one through five, students attend a face-to-face session perseverance, being a designated professional can lead to an exciting to discuss the module with a facilitator and other students enrolled in and rewarding career in industry, public practice, government or that module. These allow the students to debrief and learn from the education. difficulties or challenges that other students may have experienced. At The CASB program involves two parts: five course modules taken the end of each module, students complete a final evaluation, once online; and real-life training. In order to be accepted into the CASB again testing their competency within the set tasks for that particular program, students must have already earned a baccalaureate degree module. En Route to a CA Designationand completed 12 pre-requisite post-secondary business and accounting Practical Experience: Working with a CA Training Office courses. In addition to their study modules, students are required to complete Once accepted into the program, students must complete five approximately three years of practical experience in an approved consecutive CASB modules of study, which closely replicate an actual CA training office. “CASB was designed to be relevant to on-the-job working environment. The final module—module 6—differs from the experience. One of CASB’s fundamentals is that you are completing other modules as it is two weeks of exam preparation followed by a a task one week in a module, and then the next week you could mock final examination. be completing a similar task in the office,” says John. CA training “In 40 weeks of study, students learn how to apply what they’ve offices pay their CA students a salary and typically cover the CASB learned to real world scenarios,“ says John Gunn MEd FCA, CEO of educational costs of the six modules and Uniform Evaluation (UFE). the CA School of Business. “The integration of all the CASB modules Securing a future supply of well-educated chartered accountants in their enables the student to develop the competencies needed to become a organization is an investment for which businesses are willing to pay. business-ready CA.” CA training offices recruit on-campus in the fall months of September CASB Modules: What to Expect and October for CA training positions commencing after the student’s “The best way to describe the CASB modules is that it’s like one final year of study. giant case simulation—students learn by doing, not by memorization,” The practical experience component of the CA program enriches and says John. The CASB modules serve to replicate the work environment strengthens the development process by providing students with a venue closely, enabling students to complete tasks both within their CA training for growing and honing hands-on professional competencies. office as well as within the modules. “The CA qualification is an integrated process of academic study, In the CASB modules (which have recently been revised), students are professional education and practical experience. Becoming a CA is introduced to and follow the 20-year progression of a fictional company more than just learning the technical competencies of the profession; named Vision Windows Limited. Over its lifetime, Vision grows from it is also upholding the high ethical standards and values of the CA a one-person operation to a company contemplating a listing on the profession,” says John. Since honesty and integrity are two of the Toronto Stock Exchange, with subsidiaries in Western Canada and the qualities emphasized in the program, they are interwoven within all six United Kingdom. modules and are a focus of practical experience opportunities. From Students take on a variety of roles throughout the modules. The roles day one, ethics are embedded in the training—the program teaches include: an associate within a CA firm, a controller of Vision, an auditor you to recognize when there is an ethical dilemma and how to work from the Canada Revenue Agency, and a manager of Vision. through it. “As students progress through the modules, the tasks become less The End Result directive, which pushes students to develop their critical thinking skills Going through CASB is challenging at times, but students come and gain a deep understanding of the complex relationships among out of the program fully prepared to start their careers as chartered technical accounting skill, business operations and organizational accountants. “If you talk to any CA who has gone through CASB, they behaviour,” says John. will tell you it was not easy, but the payoff is immense. The training During each module, students can expect to complete four to six tasks taught them invaluable skills that will propel them to great success in each week over the eight-week period, which requires approximately their careers,” says John. 12 to 15 hours of study per week. The completed assignment is submitted to and assessed by the facilitator, who provides the student For more information on the CA School of Business, go to with individualized feedback. “The facilitator makes an assessment www.casb.com. based on a list of criteria which determines if the student has
Fall 2009 CAp i ta l i z e 23 CASE STUDY TIMELINE
First 10 years of company Next 2 years Next 3 years Next 3 years Next 2 years
COMPETENCY AREAS ADDRESSED
Assurance Governance, Strategy & Risk Management Pervasive
Assurance (IT) Management Decision Making Taxation
Finance Performance Measurement & Reporting
MODULE ONE: The Early Years Your roles: employee of Vision; associate, Parkhurst and Loewen Chartered Accountants (P&L CA). Storyboard for a CASB Module MODULE TWO: Sale and transition to new owners and management Competencies addressed in module 1
Your Roles: associate, Lee & Paul Chartered Accountants; associate, P&L CA. Week 1: Week 2: MODULE THREE: Vision becomes a multinational company Week 3: Your roles: associate, P&L CA; assistant controller, Vision. Week 4: Week 5: MODULE FOUR: Time for some introspection Week 6: Your roles: controller, Vision. Week 7: Week 8: MODULE FIVE: Vision contemplates an IPO Your roles: assistant controller, Vision; associate, P&L CA; UFE candidate, P&L CA.
CASB CONTACTS
Prospective Students: For all inquiries regarding general program, transcript assessments, application process, post-secondary transcripts, foreign inquiries, mature student assessments and pre-requisites. [email protected]
Communications: For all inquiries regarding communication from CASB, such as memos and the CASB Quarterly. [email protected]
General Registration: For all inquiries regarding registration application, re-instatements, character and reputation, practical experience, mentor registration, co-op, MPAcc, annual dues, registration status and CASB student numbers. For all requests regarding receipts, CASB transcripts, letters of status, going to membership, CASB program withdrawals and personal information changes. [email protected]
Module Registration: For all inquiries regarding Module Registration for all CASB Learning Modules. This includes all matters related to module registration such as withdrawals, deferrals, and transfers. [email protected]
24 Fall 2009 CAp i ta l i z e a career that’s as unique as you.
Career OppOrtunities Please visit www.mackay.ca for information regarding opportunities in our various offices to launch your career.
edmonton 705 Highfield Place 10010 106th Street Edmonton AB T5J 3L8
Calgary – Downtown Elveden House 1700-717 7th Avenue SW Calgary AB T2P 0Z3
Calgary – south Southcentre Executive Tower 400-11012 Macleod Trail SE Calgary AB T2J 6A5
Kelowna 500-1620 Dickson Avenue Kelowna BC V1Y 9Y2
surrey 112-7565 132nd Street Surrey BC V3W 1K5
Vancouver 1100-1177 West Hastings Street Vancouver BC V6E 4T5
Whitehorse 200-303 Strickland Street Whitehorse Yukon Y1A 2J8
Yellowknife 301-5120 49th Street PO Box 727 Yellowknife NT X1A 1P8
chartered accountants MacKay LLP
www.mackay.ca Taking the CA Career Path There’s no question that the education and training to becoming a chartered accountant is Find a training office rigorous and intense. But after earning your CA designation, you’ll have the confidence to One of the requirements for getting a CA designation is getting a CA articling position in an navigate the business world knowing that your contribution is critical to the success of each authorized training office. Students typically go through recruitment for CA articling posi- and every organization you deal with. tions in the fall of their last year of study. Recruitment takes place on-campus through the Start with a degree career centres. Only authorized CA Training Offices have the ability to train CA students. The first step to becoming a chartered accountant is completing a baccalaureate degree Learn through CASB in any discipline, along with a number of prerequisite business and accounting courses. In Western Canada, you earn your CA through the CA School of Business (CASB). You’ll find Earning a Business, Management, or Commerce degree with an accounting major is your that it offers a whole new learning experience, completely different from your undergradu- fastest route to becoming a CA, as this enables you to complete the degree requirement and ate program. When you enroll in CASB, you’re signing on to build professional skills that will prerequisite courses at the same time. However, many CAs have degrees in other disciplines, kick-start your career. including Arts and Science. What’s more, CASB offers you the flexibility to schedule your learning modules to fit your Get the prerequisites work and personal schedule. And, CASB accepts graduates of both the Master of Professional In addition to your degree, you’ll need an overall 65% or higher average in 12 courses in the Accounting (MPAcc) program through the University of Saskatchewan and the Masters in following areas: Accounting (MAcc) program through the University of Waterloo. You then enter CASB for • General Business Module 6, the Uniform Evaluation prep course. • Assurance The CASB program will take you out of the classroom and into the professional world. When • Finance you graduate, you’ll be a business-ready CA, prepared to apply your practical skills to an ever-evolving business environment. For more information on the CA School of Business, • Information Systems and Technology visit www.casb.com. • Performance Measurement Reap the rewards • Taxation Follow these steps and then watch as your career thrives, and your income follows suit. How far can a CA go? How much can a CA earn? There are no limits. It’s up to you to decide.
“My experience with student groups has provided some Word on the Street fantastic opportunities, great CApitalize stopped in Calgary and asked four insight on the real world, as well local scholars the following question: Why as some transferable skills. I’ve should students be involved in their community, been given the chance to travel all across Canada, meet upstanding or in a student group/club? members of Corporate Calgary, and meet some amazing, like- minded people who have become lifelong friends.” “Being involved in student organizations - Carol Yan has always been a passion of mine and I believe that it is an integral part of the Vice President of Corporate post-secondary experience.” Relations, Commerce Undergrad Society, University of Calgary - Tim Young Co-President, Accounting Students Association, University of Calgary “Getting involved in student organizations is a great way to build friendships and meet people “Involvement in student groups and that share similar interests. Extra- extracurricular activities allows you to curricular activities help students gain knowledge in a specific area and it develop their interpersonal skills, also contributes to the development of which are vital in every aspect of invaluable interpersonal, communica- business.” tion, networking and leadership skills.” - Christiene Merkel - Salima Hirji Co-President, Accounting Students’ Student, President of Smile Association, University of Calgary (Junior Achievement of Southern Alberta, Company Program)
Fall 2009 CAp i ta l i z e 27 Proper Nutrition!by Kim Woloszyn MISSION: Being a student isn’t easy. Between studying, working, extracurricular activities, seeing friends, attending classes, and more studying, it can be difficult making proper nutrition a priority—and easy for the “Freshman 15” to creep up on students functioning on fast, convenient food. Proper nutrition not only provides you with much-needed energy and brain power, but it is also easy to accomplish within any schedule and budget. A well-rounded diet, with plenty of vitamins and minerals, will go a long way in supporting your busy lifestyle and keep unnecessary weight gain at bay. Contrary to popular belief, not all carbohydrates are bad for you. In fact, foods containing complex carbs, such as whole grain rice and whole wheat pasta, actually sustain peak energy levels and improve your ability to stay awake during even the most boring lectures. It’s the white carbohydrates, which temporarily spike your glucose levels and then make you crash, which should be avoided. Protein is also an important part of a good diet—it provides a lasting source of energy and is found in various lean or low fat foods, including chicken, fish, eggs, milk, yogurt, nuts and seeds. I have found that “cheap and easy” food choices are often the way to students’ hearts—and stomachs. Start the day with a cereal high in fibre and pair it with a fruit to benefit from a quick boost (the fruit and milk) and then long-lasting energy (the fibre-rich cereal). Affordable cereals can be FUN FACTS found at any local market, including bulk versions at some retailers. For lunch, enjoy a wrap full of veggies and grilled chicken. It will keep • Snack on fruits, vegetables, nuts you from hitting that mid-afternoon wall and is low in calories and high in and seeds throughout the day to vitamins and protein. Wraps and veggies are generally inexpensive, and keep energy levels high and brain keep an eye out for reduced-priced chicken. functions at their peak. Dinner should contain a mixture of • Be aware of calorie carbohydrates and protein. Chicken can consumption. Students tend to always be cooked in bulk and used as an have low activity levels and don’t ingredient in stir-fries, salads, and burn many calories due to heavy pastas. A great quick-fix is pairing school and work loads. pre-cooked chicken with salad • Beat the caffeine crash. B and some yams (a great source vitamins are important for of carbohydrates and vitamin metabolism and produce energy A). This meal will provide that in the body. High levels of B necessary burst of nutrients to vitamins are found in fruits, help you get through an evening vegetables and grains. of late-night cramming. And, • Take advantage of student remember that it is important discounts at gym and fitness to stop eating about three hours centres to get active and relieve before bed time, as this will stress. Although you can eat enable proper digestion properly for energy, physical and a better night’s sleep— activity gives you an added something every student can boost! benefit from.
Kim Woloszyn earned a BSc. in Nutrition and Food at the University of Alberta. She is now the Regional Nutrition Coordinator with World Health Club in Edmonton. 915NUMBER OF UNDERGRADUATE STUDENTS IN ACCOUNTING
STUDENTS WITH JOBS SIX MONTHS AFTER GRADUATION 97%* $212,314.00 AVERAGE CA SALARY IN ALBERTA
Like numbers? If these numbers appeal to you, then the accounting concentration at the Haskayne School of Business, University of Calgary, is the program for you. The knowledge and skills you get at Haskayne will prepare you for a great career in the field of accounting. The overall student experience at Haskayne is second to none with supportive professors, helpful staff and tons of student clubs. Launch your career with an accounting concentration at Haskayne. www.haskayne.ucalgary.ca
* The Canadian Institute of Chartered Accountants’ compensation survey, September 2007. http://cica.ems01.com/CASource/compensation_survey_2007.pdf Change is good.
All around you are examples of transformation... In fact, you’re holding one in your hands right now. CApitalize (formerly Spotlight U) is a new magazine designed to introduce students to the Chartered Accounting profession.
CAs are called upon as leaders in Alberta businesses and are expected to change with the times—just as we’re trying to do here—in order to remain ahead of the wave. Think about it: there must be a reason you’re not lugging around a 30-pound boom box right now.
If you’d like to receive a free subscription to CApitalize, please send your name and mailing address, via email, to [email protected]. Sure works better than a carrier pigeon, now doesn’t it? www.albertaCAs.ca