Foundation For Accounting Education Inc

Programs: Foundation for accounting education (fae) provides continuing professional education (cpe) required to maintain a cpa license in new york state. Fae is qualified to provide cpe by the new york state department of education. Under new york's accounting reform law, cpas whose principal place of business is new york are required to complete 40 hours of cpe every calendar year in general studies, including accounting, auditing, taxation, advisory services, and other areas, or 24 hours in a specialized subject. To help meet this requirement fae offers more than 962 courses annually including conferences, seminars, technical sessions, on-site cpe and online webinars. Courses keep participants updated on constantly changing regulations, technical and ethical issues and best practices in accounting and auditing.

career opportunities in the accounting profession (coap) program is a summer program hosted at college campuses across new york state and funded by fae. Fae provides scholarships to participants of the coap program for the pursuit of higher-education degrees in accounting. Recruitment focuses on minority ethnic groups historically underrepresented in the accounting profession. It aims to excite and inform these students about careers in accounting and to provide opportunities to interact with successful minority role models and gain exposure to the corporate environment. The first coap program was offered at pace university in 1987, and programs have expanded significantly with more than 142 students participating at various colleges across the state in fiscal year 2016/2017. Since the program's inception over 3,925 students have graduated from the coap program. Many of these students have gone on to pursue careers in accounting or business. During the program, which lasts three to five days, high school students experience college life and learn about the accounting profession through trips to local cpa firms and corporate finance departments. They also participate in specifically designed workshops and classes that teach them personal development communication skills, business ethics, and interviewing skills. Students are accepted to the program through an application process overseen by the new york state society of cpas. Fae awarded 12 coap scholarships in the 2016/2017 fiscal year.

fae's excellence in accounting scholarship offers an annual scholarship to provide financial assistance to qualified candidates who intend to enter the accounting profession. Fae awarded 76 excellence in accounting scholarships to college students in the 2016/2017 fiscal year. The scholarships award $2,500 to fulltime students and $1,250 to part-time students. To be eligible, college students must be accounting majors, have completed a minimum of 60 credits and maintain a minimum of 3. 0 grade point average. Students must also have filed a free application for federal student aid and be approved for financial aid. The scholarships are non-renewable; recipients and candidates must apply annually. A designated fae campus ambassador works with the campus accounting department and the college financial aid office to select three deserving candidates based on scholarship and financial need. These candidates are then forwarded to a statewide selection committee of members of the nysscpa. Fae awards a scholarship to at least one student in most college accounting programs in the state.