Friday, April 25, 2008

Report from SC Department of Education's Financial Literacy Summit

This past Wednesday (April 23), the South Carolina Department of Education held a Financial Literacy summit in Columbia to introduce K-12 administrators, superintendents and curriculum developers to the wealth of resources available statewide. The summit was sponsored by the SCDOE's Financial Literacy Initiative Board of Trustees, where SCACPA President Sylvia Kitchens, CPA serves as treasurer.

SCACPA member Allison H. Ford, CPA, CFE (Central Chapter President and Chair of our Financial Literacy task force) presented on How the Business World Can Support Financial Literacy. Her handouts included exclusive SCACPA resources like our CPA Ambassadors and Speaker's Bureau programs, relevant committees and task forces (Accounting Careers/Academic Relations, CPA Ambassadors, Financial Literacy, Young CPAs and the Educational Fund committee), and access to AICPA programs like 360 Degrees of Financial Literacy and Feed the Pig. We also provided a copy of Oregon's Financial Literacy Recommended Reading List (in Tools & Resources under Just for Kids), and an overview of SCACPA's mission and our 2008 theme -- Invest in Your Future: Promoting Financial Literacy in South Carolina.

In his opening remarks, State Superintendent of Education Dr. Jim Rex made a thought-provoking statement regarding the urgent need to improve financial literacy for all South Carolina citizens:

"You can do the right thing so slowly that you get the same results as doing the wrong thing."

Well said. May your commitment to serve be active, not passive!

P.S. Be sure to check the Tools & Resources links for lots of new additions presented at the summit!

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