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.

3. Mentor Program

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.

4. John L. Carey Scholarships

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.

How to study accounting?

How to Study Accounting...

by Ken Harper,

Instructor Sharon Miller, Assistant

Resource: http://faculty.deanza.fhda.edu/harperken/stories/storyReader

1. Cumulative Study -- Accounting is certainly not a mystery, and is easy to learn. The major secret to learning accounting is remembering that it is a cumulative study subject based on the first five chapters. Each learning objective builds on the previously learned concepts and procedures. The accounting course is organized so that you learn the most fundamental concepts and procedures first, then you will be required to build on these concepts and procedures. To learn accounting, you must master the first five chapters. These fiver chapters are the basis for the next sixteen chapters. When students run into difficulty, it is generally because they have either forgotten the earlier material or have not learned it well enough to move forward.

2. Maintain a good attendance record -- You need to hear from me what topics are important, why they are important, and how to use them. Copying notes from other classmates may not always show you the what, why and how. Participate actively in class -- Arrive at your classroom a few minutes early. Choose a seat where you can hear and be heard. Don't be afraid to ask or respond to questions. Try to overcome your shyness. Commit yourself to ask or answer questions in class. Remember someone else in the class is probably wondering about the same thing.

3. Do not use memorization as a substitute for understanding -- You need to understand both the reasons and the mechanic of accounting. Memorizing information will hurt you later on in the course.

4. Take notes -- A recent study indicated that you will remember 10% to 15% of what was said in class. However, if you write it down, your retention rate increases to 85%. Note taking is essential to learning accounting. You must learn to take notes efficiently, accurately, and quickly so you will not jeopardize your ability to listen effectively.

5. Make friends by studying in a group -- Exchange telephone numbers with at least two classmates. Make arrangements to study with these friends on a regular basis. Working in groups has benefits. These benefits include increasing your knowledge of accounting and improving your critical thinking and communication skills. If you are able to explain and demonstrate (verbalize) the learning objective to other group members, then you really understand the concepts. Don't be afraid to change study groups if you are unhappy with your original group. Finally, don't allow you study group turn into a gossip group, stick to your accounting.

6. Be prepared -- Before going to class review the textbook, study guide, homework assignment, and class notes. Make a list of questions you have to ask me. Writing out your questions makes it easier for you to ask me in class.

7. Keep up with the work -- Waiting until the last minute does not give you the opportunity to completely understand the learning objectives. If you have completed your homework and are able to verbalize the learning objectives to other members in your study group, then you will do well on the test. If however, you are trying to complete the reading and homework assignments the night before the examination, you will be unprepared. There is a saying, "He who does the homework ahead of time gets the A or B. He who doesn't do the homework ahead of time gets the C or D."

8. Tape record the class lectures -- This procedure has two benefits. First, you will not be overly concerned about taking notes. Secondly, recording gives you another opportunity to hear the lesson. It especially lets you review words that you are not familiar.

9. Find out what resources are available to you -- Resources available to you are:
Study guide Tutorial - Sharon Miller Your fellow classmates Your instructor: F41 Phone 408.864.8589 Electronic Mail School harperken@fhda.edu Electronic Mail Home: drkenharper@yahoo.com