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New Accountant Magazine: High School Edition LEARN TO MAKE A DIFFERENCE Claremont what we offer McKenna • Generous nancial aid: Need-blind • Academic exibility: Students are College admissions policy ensures that every encouraged to combine their study in student admitted to CMC only pays what Accounting with other disciplines such as Data oers a unique opportunity their family can aord. Science, Finance, Psychology, and even Dance! to study Accounting and • Access: Small class sizes and an 8:1 • Success and job placements: Over 90% Economics within a liberal arts student to faculty ratio ensure you’ll be of students complete their degree within ve setting. CMC is consistently more than a number to professors. years. Pass rates for the CPA exam are among Hands-on learning means 79% of CMC the highest in the nation and fewer than 5% of ranked among the top ten seniors work on research with faculty; 90% recent graduates were seeking employment at liberal arts colleges in the participate in our internship program. six months after graduation. nation—and with its emphasis on leadership, one of every nine CMC alumni is a partner, CEO, owner, or president. The Accounting program at Claremont McKenna College is committed to broad educational goals and provides opportunities for students to succeed not only in Accounting, but in a variety of professions, including consulting and nancial services. Robert Day School of Economics and Finance Claremont McKenna College Claremont, California 909.607.3377 | [email protected] Since 1985 Thinking Since 1985 LEARN TO COVER STORY 12 COVERMeet STORYthe Future Accountant: Five Essential 6 LookQualities Up -the You Industry have aExpects bright career ahead. MAKE A By Michael F. Peters, PhD, Chair, Accounting & Information Systems and the Alvin Future Business Leader, Meet Advanced of a career in A. Clay Professor of Accounting, Villanova School of Business Accounting DIFFERENCE STUDENT OUTLOOK - PEER REVIEWED 4 EDITORSHow flipped NOTE courses can prepare you for the 4 Accounting:accounting profession The Field of Opportunities accounting? ByBy Douglas Matt Bjornsen, K Barney, Assistant PhD, IndianaProfessor University – Accounting, SE and Department Chairman, of New Accounting, Accountant Page 6 EditorialFinance, Boardand Economics, College of Business and Technology, University of Page 10 Nebraska – Kearney PROFESSIONALPROFESSIONAL OUTLOOKOUTLOOK We’ve got your 10 6 Exploring10 Tips for the Young Career Accounting of Entertainment Professionals in the ProductionPandemic Environment Accounting ByBy Alicia Tim V. Washington, Eaton, EY Teaching CPA Scholar, Professor of Accountancy, Miami University and Jake Swyers, EY Student Scholar, Graduate Student, Miami University Claremont what we offer PROFESSIONAL PROFILE back. 12 APROFESSIONAL Real-Life OUTLOOK Forensic Accountant ByFree Scott CPAP. McHone, Exam CPA, PhDResources McKenna • Generous nancial aid: Need-blind • Academic exibility: Students are 16 College admissions policy ensures that every encouraged to combine their study in By Stephanie Ng, Executive Committee Member, New Sight Eye Care student admitted to CMC only pays what Accounting with other disciplines such as Data PROFESSIONAL OUTLOOK oers a unique opportunity their family can aord. Science, Finance, Psychology, and even Dance! WORDS OF WISDOM to study Accounting and 1718 AchievingReading Between Professional the Lines: Success What in they Accounting really • Access: Small class sizes and an 8:1 • Success and job placements: Over 90% By George D. Schmelze, Professor, Missouri State University and Thomas E. Economics within a liberal arts Get started todaystudent as to faculty a Studentratio ensure you’ll be of students complete their degree within ve Buttross,mean Associatewhen they Professor say... of Accounting, Penn State University setting. CMC is consistently more than a number to professors. years. Pass rates for the CPA exam are among Page 16 Affiliate Member.Hands-on learning means 79% of CMC the highest in the nation and fewer than 5% of Page 12 ranked among the top ten seniors work on research with faculty; 90% recent graduates were seeking employment at liberal arts colleges in the participate in our internship program. six months after graduation. nation—andCPAs with drive its emphasis the success of many companies. And the global financial system. on leadership,Whether one ofyou’re every looking for a great salary, job security or travel opportunities, ® nine CMCbecoming alumni is a apartner, CPA can help make all that a reality. The AICPA is here to CEO, owner,help or you president become. a CPA — with scholarships, mentoring, support and the latest certificate programs, including blockchain, data analytics and cybersecurity. Get ready to join the AICPA as a Student Affiliate Member for FREE when you begin your college journey. Just visit . The Accounting program at Claremont McKennaThisWayToCPA.com/JumpStart College is committed to broad educational goals and provides opportunities for students to succeed not only in Accounting, but in a variety of professions, including consulting and nancial services. Robert Day School of Economics and Finance Claremont McKenna College Claremont, California © 2020 Association of International Certified Professional Accountants. All rights reserved. 1905-37634 909.607.3377 | [email protected] Page 18 Page 17 NA 785 - China.indd 3 10/20/20 5:37 PM A Note From The Editor Editor & Publisher Steven N. Polydoris Accounting: The Field Production Debbie Maier, Mark Schmidt & Margaret Stack Graphic Design of Opportunities Michael Thomas Editorial Cathy Demetropoulos Kari Polydoris Contact Us Advertising [email protected] By Douglas K. Barney Editorial Chairman – Editorial Board & Peer Review Process [email protected] Indiana University SE Subscriptions [email protected] Editorial Advisors elcome to the New Ac- Douglas K. Barney countant – High School Perhaps you want Chairman - Editorial Board & Peer Review Edition!! Join the legion to help others at work and Process - Indiana University SE of students who under- “make a difference in the Michael D. Akers standW the opportunities an accounting degree Marquette University offers! An accounting degree is an exciting world. A quick internet Barry C. Broden entryway into teaching careers, corporate search shows hundreds of Barney School of Business, University of Hartford management, investigative work, govern- Mike Bitter openings for accountants Stetson University ment work, and so much more! Contrary to at Habitat for Humanity, popular belief, accountants don’t sit in lonely, Tom Buttross Penn State Harrisburg darkened, cubicles wearing pin stripe suits United Way, Salvation Army, and more across the U.S. Lynn Clements hunched over examining detailed ledger ac- Florida Southern College counts. The advent of computers, advanced D. Larry Crumbley software, and increased use of sophisticated Louisiana State University technology has removed accountants from Tonya Flesher their former shackles! Now accountants can some accountants establish their own prac- University of Mississippi use data analytics to understand financial tices and offer their services to local” compa- Louis LeGuyader trends. They certify Academy Award winners, nies. Those accountants are entrepreneurs! Southeastern Louisiana University investigate fraud, and even make arrests! Ac- Perhaps you want to help others at Frank M. Messina University of Alabama at Birmingham (UAB) countants can verify inventory in specialized work and make a difference in the world. Then a non-profit organization might be Steven E. Orpurt fields working with pizza dough, Jell-O, and W.P. Carey School of Business anything you can imagine! There are endless for you! A quick internet search shows Arizona State University opportunities; accountants are in demand! hundreds of openings for accountants at Kent Swift Who needs an accountant? An easier Habitat for Humanity, United Way, Sal- University of Montana question to answer is ‘Who doesn’t need an vation Army, and more across the U.S. As Dan Swenson Arizona State University accountant?’ Practically every business needs an accountant for these organizations, you can earn a salary while making the world a Dan Tschopp an accountant, and often, multiple accoun- St. Leo University tants. This not only includes large corpora- better place! Or perhaps you don’t wish to Alicia Washington tions (Amazon, Walmart), but also small work in the private sector at all! Virtually Steve Wells companies (locally owned repair shops and every government agency – federal, state, Western Kentucky University grocery stores). But there are even more in- and local - uses accountants. As a govern- www.NewAccountantUSA.com credible opportunities! Because many small ment accountant, you could have any of a High School Edition shops cannot afford an accountant full-time, Continued on Page 22 Copyright ©2021 by Real Estate News Corp. All rights reserved. 3525 W. Peterson Ave. 4 NEW ACCOUNTANT Chicago, Illinois 60659 Phone (773) 866-9900 • Fax (773) 866-9881 Student Outlook New Accountants’ 11 Rules For Living... Here is a list of 11 things that many high school and college graduates did not learn in school. Rule #1 Life is not fair; get used to it. Rule #5 Rule #8 Flipping burgers is not Rule #2 beneath your dignity. Your Your school may have done away with grandparents had a different winners and losers, but life has not. The world won’t care In some schools they have abolished about your self-esteem. word for burger flipping;
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