AT Think

The accounting profession isn’t exempt from the hard-hitting recession and it’s always encouraging to hear when state societies step up and fill a need for their members in response to struggle. Such is the case with the Piedmont Chapter of the South Carolina Association of Certified Public Accountants by providing a scholarship fund to help those CPAs who have lost their jobs.

While shoppers in most states were hitting the stores on Black Friday looking for deals on toys and holiday ornaments, one state encouraged gun buyers to stock up last weekend on firearms thanks to a Second Amendment Sales Tax Holiday.

The Ernst & Young Foundation will direct an additional $1 million towards further development of International Financial Reporting Standards curriculum. These funds will help to expand the work of the Ernst & Young Academic Resource Center, which was launched in the summer of 2008.

College students in Pittsburgh are protesting a proposal to impose a 1 percent tax on their college tuition costs, but other cities and states may be forced to follow suit.

Ever wonder what goes on in the mind of an intern? Wonder no more. Two brave souls from New Jersey-based WithumSmith+Brown share their reflections of being a rookie not only in their accounting firm, but in the professional working world, as well.

Dubai World stunned investors late last week when the government-controlled company announced that it needed to restructure $26 billion in debt, but some of the problems may be related to its accounting.

Houston-based PKF Texas is on the edge when it comes to its young professionals – and that’s a good thing. The firm was recently honored with an Edge Award from the Leading Edge Alliance, an international professional association of independently-owned accounting and consulting firms.

Accounting Tomorrow wishes you and yours a Happy Thanksgiving. Our offices are closed today and Friday. We’ll be back on Monday.

The IRS and the Treasury Department have released their 2009-2010 Priority Guidance Plan, with 315 projects they plan to complete over a 12-month period by June 2010.

In an effort to increase student involvement in sustainability, KPMG raised a challenge to business students to make their campuses greener through its first annual Living Green Case Competition. And this time around the University of California-Berkeley took home the grand prize.