May Newsletter

Volume 2009 Issue 2

Other Upcoming Conferences
Order Your 2009 Firm Directory

Career Advice
Remaining Calm During a Crisis

An Offer You Should Refuse
Ten Tips on Career Advancement

Financial Fitness
Staying Happy In Tough Times
How To Save Money On Your Auto Insurance
How to Make Charitable Contributions In This Difficult Economy

Question or Comment? We're all ears.

View Job Listings

Did you know you can view job listings on TSCPA's Web site? Click here for our classifieds and Career Center.

Sign Up Today for CPE!

TSCPA offers hundreds of CPE courses every year, many of them targeting young CPAs. Whether you're new on the job and looking for a beginner course or you're just looking to take an update course and catch up on the latest changes in standards, TSCPA strives to meet your needs with quality CPE that's convenient for you.

For a listing of upcoming CPE courses, click here.

Young CPA Conference - Mark Your Calendar!

Young CPA Conference
Thursday-Friday, July 23-24, 2009
Sheraton Downtown Nashville
Nashville, Tenn.

This conference is a must for young and emerging accounting professionals. In addition to A&A and tax updates, attendees will enjoy speakers throughout the day who will share their expertise in career development, leadership, communicating and marketing.

Conference Highlights:
Review of the Global Economic Crisis Summit, The HealthSouth Story, Powerful Spreadsheets - Formulas You Need To Know, Accounting Standards Update, Powering New Growth - Moving Tennessee to a Sustainable Economy, Building Financial Security in an Uncertain World, (Don't Get) Lost in Translation: Working with other Generations, Federal Tax Update

Registration Fees:	Before July 12:	After July 12:
Member Discount Fee	$135	$175
Conference Fee	$210	$250

Course Level: Basic
TSBA Subject Code: M/A/T
CPE Credit: 10 hours

For more information and to register, click here

Networking Reception
Join your colleagues for complimentary appetizers and drinks at Bailey’s Pub & Grille on Broadway in downtown Nashville at 6 p.m.
Networking reception sponsored by Decosimo.

Other Upcoming Conferences

Always a Classic
Governmental Accounting &
Auditing Conference
Thursday-Friday, June 4-5, 2009
Willis Conference Center, Nashville, Tenn.

New in 2009!
Tennessee Accounting & Business Expo
Thursday-Friday, August 20-21, 2009
Nashville Convention Center, Nashville, Tenn.

This conference provides timely information for CPAs who perform audits or provide management services for governmental entities, government managers responsible for these areas and non-profit accountants and auditors coping with new pronouncements and compliance.

Conference highlights: Nonprofit Accounting & Reporting, Intro to Single Audit, GASB Update, Comptroller's Update, Derivative Instruments and You, Debt Continuing Disclosure, TN Water 2009, Issues Concerning E911 Districts, Single Audit Issues, Governance, UPMIFA, Risk Assessment, Deposit Investment Disclosures, 990 Update, Tennessee-Specific Ethics

Registration Fees:
Member Discount Fee	$375
Conference Fee	$450

Course Level: Update
TSBA Subject Code: A/E
CPE Credit: 16 hours (up to 16 hours A&A, 2 hours state-specific ethics)

For more information and to register, click here

Your choices are endless at the 2009 Tennessee Accounting and Business Expo! You can choose from 40 educational sessions and earn up to 16 hours of CPE with a possible 16 hours of accounting and auditing credit. Select a track, or mix it up to match your needs and desires. The Expo features the hottest trends in accounting and auditing issues, technology, taxation, human resources, ethics, government and fraud.

The Expo provides tremendous value to CPAs with cutting-edge course topics and social networking events. Please consider making this one an annual event!

Registration Fees:	Before Aug. 5:	After Aug. 5:
Member Discount Fee	$385	$425
Conference Fee	$460	$500

Course Level: Intermediate
TSBA Subject Code: M/T/A/E/O
CPE Credit: 16

For more information and to register, click here

Order Your 2009 Firm Directory!

Looking for a job? Curious to see how your firm measures up to others? The 2009 Guide to Accounting Firms in Tennessee, produced by TSCPA in partnership with Becker CPA Review, is packed with information about accounting firms across the state. From client service specialties to which firms require overtime, the guide has the details you're looking for.

To request your free copy, simply fill out the order form. You can also request a copy of the 2009 Robert Half Salary Guide at the same time.

Remaining Calm During a Crisis

Bobby Krimmel, TSCPA Member

I think the past four years of working in the banking industry has opened my eyes to what can and will happen when panic is not met with calm steady hands. When I first started out in banking the strategy for growth of most banks was centered on mergers and acquisitions. Banking analysts were giving upgrades for growing loans and earnings and for the most part remaining unimpressed with banks maintaining liquidity supported by stable deposits as excess liquidity was viewed as lost earnings opportunity. As it would later turn out the biggest problem looming over banks during the beginning of the credit crisis was the lack of liquidity supported by stable deposits.

Click here for full article.

An Offer You Should Refuse

Taylor is facing a dilemma that shouldn't be one. After recently accepting a position with another company that offered him more money, a better title and greater responsibility, he has informed his boss of his decision. In an effort to keep him, Taylor's supervisor has presented him with a counteroffer: a $7,000 raise and an extra week of vacation.

"You are so valuable to us, we really just can't afford to lose you," she explains. Taylor is a little surprised. "I've asked about career advancement in the past, but nothing ever came of it," he thinks to himself. "I wouldn't have looked for another job in the first place if I thought they valued my contributions so much." That thought alone should have been his first indication that the counteroffer might not be all that it appears.

Counteroffers may seem attractive on the surface but should never be accepted.

Click here for full article.

Ten Tips On Career Advancement

Yahoo Finance, www.finance.yahoo.com

Many career experts agree that the best time to look for a new job is while comfortably in your old one. If you're starting to feel unchallenged in your present position, you may be ready for a promotion to the next level. If there aren't many career advancement opportunities where you work, the best next job may be waiting for you elsewhere.

Nowadays, it's up to you to take control of your professional future and make sure you are progressing wisely down the right career path. Here are 10 proven strategies to help you get started.

Click here for full article.

Staying Happy in Tough Times

Laura T. Coffey, ©Today, www.today.msnbc.msn.com

Yes, the state of our economy is depressing. Yes, job losses are stressful and painful. Yes, it’s much harder to survive when money is exceptionally tight.

Despite all of that, though, are finding plenty of ways to cope. Scores of you wrote in to answer the question, “What are your tips for coping in tough times?” The answers were creative, practical and consistently encouraging.

Click here for full article.

How To Save Money On Your Auto Insurance

360 Degrees of Financial Literacy, www.360financialliteracy.org

You may have good reason to complain about the cost of your auto insurance, but have you tried to do anything about it? If you're resourceful and willing to do a little homework, there may be plenty of ways to lower your premium. And we're not necessarily talking chump change--a few simple steps can sometimes save you hundreds of dollars a year.

Click here for full article.

How To Make Charitable Contributions In This Difficult Economy

Healthy Aging, www.healthyaging.net

With turmoil on Wall Street causing many to wonder how they can continue to support their favorite charities, Schwab Charitable released a series of tips to help donors stretch their charitable budgets — even in tough economic times. The tips below come at an important time for those who recognize the value of giving back to society as a way not only to help but to make themselves feel more positive about life - but who may be worried about the economic climate.

Click here for full article.

Photo Gallery

From chapter meetings to happy hours to volunteer opportunities, there are countless ways for you to get involved and meet fellow young CPAs.

Does your chapter have an event coming up? Snap a few pictures, then e-mail them to us. We'll use them for future issues of The Loop.

The Chattanooga Chapter Young CPAs hosted the Young CPA's Lookouts Cookout Tuesday, April 28. Young CPAs and their families were invited to come enjoy a picnic and baseball game while getting to know fellow chapter members. Pictured above are Amber Alexander, Dan Norton, Chuck Lawson and Heather McRoy.

Contact Your Chapter's Young CPA Committee

Interested in finding out what Young CPA activities are being planned in your chapter? Contact the Young CPA representative in your chapter.

Appalachian: Chad Bailey, cmbailey@alphanr.com
Chattanooga: Katy Maughon, katy.maughon@hlbcpa.com
Elk Valley: Beverly Saylor, beverly.saylor@heritagesouth.org
Knoxville: Carrie Greening, cgreening@cj-pc.com
Memphis: Sherri Brown, slbrown6of6@yahoo.com
Nashville: Briana Mullenax, bmullenax@lbmc.com
Upper Cumberland: Barry Clouse, barryclousecpa@frontiernet.net
West Tennessee: Courtney Whitt, Courtney.Whitt@horne-llp.com

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