welcome smith-cotton high school students!

Welcome Welcome Smith-Cotton HighSmith-Cotton High SchoolSchool Students! Students!

Sabrina E. Sabrina E. Marquess, Marquess,

C.P.A.C.P.A.

Agenda/Topics To Be Agenda/Topics To Be CoveredCovered

•Who’s WhoWho’s Who

•Typical DayTypical Day

•Types of Types of

ClientsClients

•BenefitsBenefits

•Required Required

PaperworkPaperwork

•Required SkillsRequired Skills

•Other Other

ResourcesResources

•JobJob

ShadowingShadowing

•FAQFAQ

•SummarySummary

Who’s Who Who’s Who Sabrina E. Marquess, C.P.A.Sabrina E. Marquess, C.P.A.

Smith-Cotton High Smith-Cotton High School, Class of School, Class of

19991999

Northwest Missouri Northwest Missouri State University, State University,

Class of 2002Class of 2002

Over Over 55 years of professional years of professional experienceexperience

http://www.wtcpa.comhttp://www.wtcpa.com

http://http://www.mnvccpa.comwww.mnvccpa.com


http://www.wtcpa.com/

http://www.mnvccpa.com/

http://www.mnvccpa.com/


Smith-Smith-Cotton Cotton

HSHS

MarshaMarshall HSll HS

Santa Santa Fe HSFe HS

College RecruiterCollege Recruiter


MV SFCCMV SFCC

NNWWMMSSUU

UUCCMM

E-MailE-Mail

Typical Day of a C.P.A.Typical Day of a C.P.A.

Postal Postal MailMail

PhonePhone

QuickBooksQuickBooks


Microsoft Microsoft Office Office SuiteSuite

EngagemeEngagementnt

PPCPPC

ProSystemProSystems Taxs Tax

Asset Asset KeeperKeeper

RIARIA

Creative Creative SolutionsSolutions

Bank ReconciliationsBank Reconciliations: : Reconcile million dollar accountsReconcile million dollar accounts


Research ProjectsResearch Projects: Read, : Read, inquire, search for answers, inquire, search for answers,

examples, supportexamples, support

PayrollPayroll: $1K to $500K: $1K to $500K


DepreciationDepreciation: Record, : Record, recognize, and report recognize, and report purchases, sales, and purchases, sales, and

exchangesexchanges

Tax ReturnsTax Returns: 10 pages to : 10 pages to 30,00030,000

Magazine Publishing Magazine Publishing Company in Company in CaliforniaCalifornia

Types of Clients – MineTypes of Clients – MineAUDITSAUDITS

Automobile Automobile DealershipsDealerships


Diamond JewelerDiamond Jeweler


Printing CompanyPrinting Company

Recycling Company Recycling Company in Midwestin Midwest


Rock Salt Rock Salt Production Production CompanyCompany


First Aid Kit First Aid Kit SupplierSupplier


International Power International Power Plant CompanyPlant Company


Professional Professional AthletesAthletes

Types of Clients – MineTypes of Clients – MineTaxTax

Corporate Corporate ExecutivesExecutivesDoctorsDoctorsAttorneysAttorneysTeachersTeachers

FamilyFamily FriendsFriends

Pharmacies (Midwest)Pharmacies (Midwest)

Types of Clients – MineTypes of Clients – MineConsulting ServicesConsulting Services

Kitchen & Closet Organizer Kitchen & Closet Organizer Company (U.S., Mexico, Company (U.S., Mexico,

Canada)Canada)

Types of Assignments – Types of Assignments – OthersOthers

Super Heroes Need CPAs? Super Heroes Need CPAs?

TitleTitleSubtitleSubtitle


Splitting the Pie – Forensic Splitting the Pie – Forensic AccountingAccounting

TitleTitleSubtitleSubtitle


Calling the Shots – Production Calling the Shots – Production AccountantAccountant


High Stakes – Internal Audit High Stakes – Internal Audit CasinosCasinos


A True Bean Counter – CFOA True Bean Counter – CFO

Sizzling Sizzling

SpecialSpecialty ty

AreasAreas

Benefits –Salary Benefits –Salary Public Accounting Public Accounting

YearYear Small Small FirmFirm

Medium Medium FirmFirm

Large Large FirmFirm

0-10-1 $35,500 $35,500 - -

$42,500$42,500

$36,750 $36,750 - -

$46,000$46,000

$42,750 $42,750 - -

$52,000$52,000

Benefits –Salary Benefits –Salary Private AccountingPrivate Accounting

YearYear Small Small FirmFirm

Medium Medium FirmFirm

Large Large FirmFirm

0-10-1 $29,500 $29,500 - -

$35,250$35,250

$32,000 $32,000 - -

$38,250$38,250

$33,250 $33,250 - -

$41,000$41,000

•6 weeks paid vacation6 weeks paid vacation

•All expense paid tripsAll expense paid trips

•Intramural athleticsIntramural athletics

•Paid CPA license & review coursePaid CPA license & review course

•Flex time schedulesFlex time schedules

•Work from home opportunitiesWork from home opportunities

Benefits – GeneralBenefits – General

JDRF Walk to Cure Diabetes 2006JDRF Walk to Cure Diabetes 2006

Benefits – Volunteer Benefits – Volunteer OpportunitiesOpportunities

Missouri Society of Missouri Society of CPAsCPAs

Benefits – Volunteer Benefits – Volunteer OpportunitiesOpportunities

Avila College · Central Methodist College · Central Missouri State University · College of the Ozarks · Columbia College of Missouri · Culver-Stockton College · DeVry University ·

Drury University · Evangel University · Fontbonne University · Hannibal-LaGrange College · Harris-Stowe

State College · Lincoln University · Lindenwood University · Maryville University of St. Louis · Missouri Baptist

University · Missouri Southern State College · Missouri State University · Missouri Valley College · Missouri Western State College · Northwest Missouri State

University · Park University · Rockhurst University · St. Louis University · Southwest Baptist University · Southwest Missouri State University · Stephens College · Truman State University · University of Missouri – Columbia · Universt of

Missouri – Kansas City · University of Missouri – Rolla · Univers of Missouri – St. Louis · Washington University – St. Louis · Webster University ·Westminster College · William

Jewell College · William Woods University ·

Required Paperwork Required Paperwork 150 Hour Requirement150 Hour Requirement

4 Parts4 Parts::Auditing, Financial, Auditing, Financial,

Business, and Business, and RegulationRegulation

Review Courses for BothReview Courses for Both

Required PaperworkRequired PaperworkCPA & Ethics ExamsCPA & Ethics Exams

1 Year Service 1 Year Service RequirementRequirement

Can be under any Can be under any CPA in any fieldCPA in any field

Required PaperworkRequired PaperworkServiceService

Strong Strong communicaticommunication (both oral on (both oral and written)and written)

Required SkillsRequired Skills

Leadership AbilitiesLeadership Abilities

Technical Technical and and

problem problem solving solving skillsskills


Strategic and Strategic and critical critical

thinkingthinking

Interpretation of Interpretation of converging converging informationinformation


Technologically Technologically AdeptAdept

Focus on Focus on customer, client, customer, client,

and marketand market

Student MembershipStudent Membership

ResourcesResources

YES!YES! I would like more information about I would like more information about CPAs!CPAs!

Name……………………………………….Name……………………………………….

School………………………………………School………………………………………

Graduation Year………………………..Graduation Year………………………..

Email………………………………………..Email………………………………………..www.leap-forward.comwww.leap-forward.com

http://www.leap-forward.com/

Resources – MSCPAResources – MSCPAStudent Membership Student Membership

BenefitsBenefits• LEAP Mentor BoardLEAP Mentor Board

• Scholarships up to $1,000Scholarships up to $1,000

• Association NewsAssociation News

• NetworkingNetworking

• Competitions/EventsCompetitions/Events

• InternshipsInternships

• Career ResourcesCareer Resources

• DiscountsDiscounts

www.startheregoplaces.comwww.startheregoplaces.com

Resources - WebsitesResources - Websites

www.leap-forward.comwww.leap-forward.com

www.mocpa.comwww.mocpa.com

•Experience what a working day is Experience what a working day is like as a professionallike as a professional

•Understand how classroom Understand how classroom learning can be practically appliedlearning can be practically applied

•Ask questions and receive advice Ask questions and receive advice on career paths and the CPA on career paths and the CPA

professionprofession

WTA Job Shadowing DayWTA Job Shadowing DayNovember 12thNovember 12th

Frequently Asked QuestionsFrequently Asked Questions

2003 Mitsubishi 2003 Mitsubishi Eclipse SpyderEclipse Spyder

2007 Honda 2007 Honda Shadow 600Shadow 600

What kind of CAR do you What kind of CAR do you drive?drive?


Do you work a lot of hours?Do you work a lot of hours?

No different than No different than working 4 extra working 4 extra hours a weekhours a week

Typical CPA Typical CPA worksworks

200 hours 200 hours overtimeovertime


Where do you travel?Where do you travel?

• California

• Canada

• Michigan

• New York

• Oklahoma

• Massachusetts

• Arkansas

• North Carolina

• Florida

• Tennessee

• Maryland


What $1,000 scholarship?What $1,000 scholarship?

Due Date: January 31,

2008

Based Upon:

Academic Achievement

Leadership Potential

Clarity of Viewpoint

What Do What Do You See You See

As One of As One of the the

Biggest Biggest ChallengeChallenges Facing s Facing

the the AccountinAccountin

g g ProfessioProfession Today?n Today?

Eligibility:

Missouri Resident

Accounting Major


What classes do I take?What classes do I take?

• Financial & Managerial Accounting

•Auditing

•Business Law

•Communications

•Economics

•Ethics

•Finance

•Information Systems

•Marketing

Frequently Asked QuestionsFrequently Asked QuestionsWhat should I consider What should I consider

when looking at colleges?when looking at colleges?• Admission Requirements

• % Freshman Return

• Average Class Size

• Average Tuition Increase

• % Students Receive

Financial Aid

Education PaysEducation Pays

• Lifetime earnings estimates (ages 25-Lifetime earnings estimates (ages 25-64)64)– Less than high school: $1.0 millionLess than high school: $1.0 million– High school: $1.2 millionHigh school: $1.2 million– Some college: $1.5 millionSome college: $1.5 million– Associate’s degree: $1.6 millionAssociate’s degree: $1.6 million– Bachelor’s degree: $2.1 millionBachelor’s degree: $2.1 million– Master’s degree: $2.5 millionMaster’s degree: $2.5 million– Professional degree: $4.4 million Professional degree: $4.4 million

What can I earn in a lifetime?What can I earn in a lifetime?

welcome smith-cotton high school students!

Documents