CPAs across Ohio teach elementary students the benefits of inv
saving on Accounting for Kids® Day
11.05.2009 – (COLUMBUS) On Nov. 12, CPAs and volunteers across Ohio will head
into more than 400 elementary classrooms to introduce students to real world
investing and savings principles on Accounting for Kids® Day.
It’s a lesson that’s become more important during the last year as the recession
has taken its toll on Americans’ personal finances.
In a 2008 VISA survey, 85 percent of parents said they talk to their child regularly
about money management.*
Accounting for Kids Day, now in its ninth year, takes the concept of saving to a higher
level, teaching 4th through 6th graders skills that will help them grow into smart
consumers and future business leaders.
The centerpiece of the program is a high stakes investment game in which CPAs
lead students in buying, selling and tracking their stock’s progress over a simulated
10-year period. As in real life, they experience the ups and downs of the market and
learn how dividends can change with the roll of the dice.
This teaches them the benefits of investing and how to manage financial risk.
“Accounting for Kids Day is a hands-on learning experience that teaches kids
important financial basics,” said Peter Margaritis, CPA, Chair-elect of OSCPA’s
Executive Board and Accounting for Kids volunteer. "The kids get really excited
watching their investments grow.”
In another study by Capital One, 50 percent of teens expressed an interest in
learning about managing money, while 76 percent wanted to know the basics of
finance to help them make better financial decisions later in life.**
Accounting for Kids Day was founded in Cincinnati nine years ago by Crystal
Faulkner, CPA, of Cooney Faulkner & Stevens, LLC. Each year Faulkner and
volunteers present the program throughout Cincinnati public schools. The Ohio
Society of CPAs presents the program statewide.
It is funded by The Ohio CPA Foundation, the charit