Shaping the Next Generation of CPAs

According to the AICPA’s 2021 Trends report, “accounting graduates trended downward in the 2019-2020 academic year, with decreases of 2.8% and 8.4% at a bachelor’s and master’s level, respectively.” The Arizona CPA Foundation for Education & Innovation supports the ASCPA’s efforts to attract and prepare individuals with the highest potential for contribution to the accounting profession in Arizona through initiatives in formal education.

One avenue of supporting up-and-coming CPAs is through scholarships, available thanks to generous contributions from the CPA community. These awards are given to selected students of accounting at public and private universities, as well as high school students.

To learn more about our scholarship program or to give to support students such as these, visit ascpa.com/scholarships.

Amber Jee

Arizona College Preparatory High School

In high school, Jee created a goal: reach 100 hours of community service. She volunteered at Banner Health Ocotillo Medical Center’s front desk. She sorted classroom recycling through her school’s Key Club and gave her time as a Sunday school teacher at her church.

Her long-term goal is to become a CPA and help people save time in managing their expenses.

“I care about making smart financial decisions for whatever organization I work for,” Jee wrote. “Whether it is keeping track of the budget or managing taxes, I want the company to prosper.”

Sophia Gutman

University of Arizona

Gutman is pursuing her Master of Accounting before taking the CPA exam. She is interested in public accounting.

“I knew that I wanted to pursue a career in the accounting industry when I completed my first accounting project for my very first accounting class,” Gutman recalls. “We had to complete an income statement, statement of retained earnings and a balance sheet. When I finished my balance sheet and the assets equaled the liabilities plus stockholders’ equity, I knew accounting was for me. I am an organization lover; I always tell people my key to success is a color-coded planner. I also have always had a passion for math and numbers.”

Melanie Carpenter Grand Canyon University

Conner Nicola Northern Arizona University Alexandra Thieme Chino Valley High School

Gabriella Mora Cardenas University of Arizona Anna Antin Grand Canyon University

Julia Spencer University of Arizona Ashley Child Northern Arizona University

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CPA, CVA

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Classifieds

Business Opportunities/ Practices for Sale

PRESCOTT VALLEY INDIVIDUAL TAX PRACTICE

If you are a CPA experienced in preparation of individual income tax returns, and you are interested in owning a practice in beautiful Prescott Valley, Arizona serving Prescott, Prescott Valley and Chino Valley residents, please contact me. I am ready to begin transitioning my practice to a qualified successor. My practice serves 325 individual accounts. For more information, please call 928772-0350 or visit dianeericksoncpa.com.

PROFITABLE FRANCHISE PROVIDING IN-HOME SENIOR CARE FOR 17 YEARS

The Company is a trusted home care agency with a stellar 17-year track record of success and profitability. Leading franchise of a national homecare franchisor with over 200 locations. Business includes six exceptional Phoenix-area territories - affluent, densely populated, market of more than 268,000 seniors aged 65+. Longstanding relationships with referral sources. Active census ~65 clients generates ~ $5M in Revenue and ~$0.7M in EBITDA during COVID impacted year. Trained professional staff and >100 caregivers. Nearly 100% Private Pay and Long-Term Care insurance (LTCi) patients. Contact broker: robmonahan@trianglehca.com - 312-391-9337. Website: http://www.trianglehca.com

Jobs

CPA / ACCOUNTANT

Prescott CPA, PLLC: Prescott-AZ, Looking for a part-time CPA/Accountant. (Position could possibly become a fulltime position) We are small CPA practice that offers bookkeeping and income tax preparation for businesses, individuals, and trusts/estates. Candidate needs to have experience with general ledger accounting and income tax preparation. Candidate needs knowledge of Quick Books, MS Excel and MS Word. Primary duties will be to review client books and make adjustments, prepare income tax returns, and perform special projects as necessary. Pay will depend on experience. Schedule is flexible and remote work for part of schedule allowed. Send resume to nick@prescottcpa.com. Website: http:// www.prescottcpa.com

LEAD TAX PREPARER & LEAD ACCOUNTANT (CHANDLER)

Lead Tax Preparer: Responsible for preparation of Individual, S-Corp, and Partnership tax returns. Lacerte experience a plus. Meet w/ clients. Train other tax preparers. Compensation: $70-$80/hour. Several weeks vacation per year. May-Dec 30-40/hour weeks w/ Fridays off. Must be able to prepare tax returns from start-tofinish error-free. Lead Accountant: Responsible for preparation of monthly financial statements, payroll processing, meeting w/ clients. Train other staff. Compensation: $50-$60/hour. Several weeks vacation per year. May-Dec 30-40/hour weeks w/ Fridays off. Must be able to prepare financial statements using QuickBooks; payroll processing; thorough understanding of Balance Sheets, Profit & Loss Statements, GAAP. Send resume to Steve@SteveVogtCPA.com.

AZ CPA Quick Quiz

You’ve Read It, Now Get Credit

Take this quiz on AZ CPA content online or submit this hard copy. Receive a score of 70 percent or more and earn one hour of CPE credit in specialized knowledge. It’s that easy!

Fees: Members: $25 Nonmembers: $40

Online Access

Go to www.ascpa.com/quickquiz to access links to all active quizzes. Once a quiz is purchased, a link and password will be emailed to you. Your results will be sent immediately after completion, and certificates are emailed within two business days.

Hard Copy

Please select one answer for each question. Fill out registration/payment information below and mail or fax to the Society office. Quiz results and certificates will be emailed to the address provided on the registration form. *This quiz will be available until August 2023. Please note that users have three attempts to pass the quiz with at least a 70 percent score.

July/August 2022 Issue of AZ CPA*

1. How does Angela Lee Duckworth define grit? m Dust, dirt or sand m Passion and perseverance for long-term goals m Caution for what lies ahead

2. What primary purpose did branding serve for Jill Foley as she started her business? m Creating stunning, recognizable visuals m Deciding which niche of the industry the business would serve m Determining the values to guide client selection, internal culture and other factors m Listing out pros and cons m Talking through the process with a mentor

5. True or False: Tribal governments follow the same reporting framework established by the Governmental

Accounting Standards Board and are subject to the Single Audit Act, under the OMB Uniform Grant Guidance. m True m False

Quick Quiz Registration

6. Of gaming revenue generated by

Arizona tribes in the fiscal year ending June 2021, more than $97 million was contributed to… m The Arizona Benefits Fund m Cities, towns and counties for governmental services m State regulatory expenses

7. According to the AICPA’s 2021 Trends report, how did accounting graduates at the master’s level change in the 2019-2020 academic year? m Increased 3.2% m Decreased 2.8% m Decreased 8.4%

8. True or False: A new approach to licensure did not affect interest in pursing the CPA designation. m True m False

9. In a 2020 AICPA-NASBA survey of students, the greatest percentage of respondents indicated they plan to pursue the________________. m Business Analysis and Reporting discipline m Information Systems and Controls discipline m Tax Compliance and Planning discipline

10. When will an associated CPA Exam

Blueprint, which details content eligible for testing in each section, be published in its final form? m Mid-2022 m Early 2023 m Early 2024

3. Early on, how did Gabby Luoma spread the word about her business to gain new clients? m Creating a large sign for the office m Putting up flyers at business parks m Investing in digital marketing

4. What decision-making strategy did

Yesenia Simmons use to determine the viability of starting her own business? m Assigning a number to the decision based on risk, opportunity and other variables Name: _________________________________________________________________________________

Email: __________________________________________________________________________________

Telephone: _____________________________________________________________________________

Payment m Member: $25 m Nonmember: $40

Checks: Please make payable to: The Arizona Society of CPAs Credit Card: m Visa m MasterCard m American Express

Credit Card #: _________________________________________________________________________

Expiration Date: ______________________________________________________________________

Name on Card: _______________________________________________________________________

Mail to: ASCPA, 4801 E. Washington St. Suite 180, Phoenix, AZ 85034-2040; fax to (602) 252-1511 scan and send to ASCPACPE@ascpa.com.

4801 E. Washington St., Suite 180 Phoenix, AZ 85034-2040

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Eat, Drink and Connect

August 16

Join our Leadership and Growth Alliance at Fate Brewing Company (South Scottsdale) to chat with other changemakers and up-andcoming experts over brews and appetizers. Be a part of the discussion on leadership at every level. You might meet someone with the answer to your next question or on the pathway to your next opportunity.

Register now at www.ascpa.com/lga1