Monday, April 2, 2007

AICPA: Scholarship for Accounting Student

There are 4 types of scholarship;

1. Scholarships for Minority Accounting Students

This scholarship program provides awards of up to $5,000 to outstanding minority students to encourage their selection of accounting as a major and their ultimate entry into the profession. These awards are funded by the AICPA Foundation from monies contributed by the AICPA, its members, public accounting firms, and others. The program has been in existence for more than 20 years and has awarded more than $6 million in scholarships.

2. Accounting Scholars Leadership Workshop
The first leadership workshop, which is an additional component of the AICPA Scholarships for Minority Accounting Students program, was launched in July, l995. The objective of the workshop is to strengthen the scholarship recipients' leadership, team building, presentation, and communication skills. The workshop also helps expand the students' knowledge of the accounting profession, build relationships among the scholarship recipients and encourage their participation in AICPA activities after they become CPAs. The Workshop is an invitational program for selected award recipients who are in a graduate level program or entering the final year of an undergraduate program. Public accounting firms and private industry companies provide instructors and assist in developing the program content.
In January 1994, the Minority Initiatives Committee implemented a mentor program, Partnerships for Success, as a new component of the scholarship program. In this program, each scholarship recipient is matched with a CPA mentor who can provide support during the students academic career to help improve the students opportunities for success. Partnerships for Success is a joint effort between the AICPA and participating state CPA societies. Participating state CPA societies identify and match mentor volunteers with scholarship recipients, and monitor and evaluate the mentor student relationship.
This scholarship program provides financial assistance to liberal arts degree holders pursuing graduate studies in accounting. These awards are intended to encourage liberal arts undergraduates to consider professional accounting careers.
Applicants must have obtained a liberal arts degree prior to enrolling in a graduate accounting program. Applicants must be liberal arts degree holders of a regionally accredited institution in the United States. Applicants must be accepted into, or in the process of applying to, a graduate program in accounting that will enable them to sit for the CPA Examination at a college or university whose business administration program is accredited by the AACSB - The International Association for Management Education or the Association of Collegiate Business Schools and Programs (ACBSP). Applicants must express the intention to pursue a CPA certificate. The scholarship will be awarded contingent upon the applicant's acceptance into a graduate program. Students who are already actively participating in a graduate accounting program are not eligible for the scholarship. All applicants must be U.S. citizens.
Scholarship recipients must begin their graduate program within the year that the scholarship is awarded. Recipients must be full-time students throughout the period during which they receive the scholarship.
The amount of the scholarship is $5,000 for one year and is renewable for an additional year of study provided satisfactory scholastic progress is maintained. Recipients of Carey Scholarships are not precluded from accepting other scholarships or awards.
Recipients are selected by the John L. Carey Scholarship Task Force. Up to seven scholarships are awarded each year. The selection is based on demonstrated outstanding academic achievement, leadership and future career interests.

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