The amendments in this update from the FASB are effective for NFPs for fiscal years beginning after December 15, 2016. The standard will become testable on the CPA exam October 2017.
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CPA Exam tip of the month: The Pomodoro Technique
Many of us get into the habit of cramming, especially in college. Back in the day, I used to be able to cram for a few hours the night before an exam and ace it the next day. Well, gone are the days of cramming, especially when you start studying for the CPA Exam. So […]
FASB update clarifies definition of a business
On Jan. 5, the Financial Accounting Standards Board (FASB) issued ASU No. 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business. The definition of a business impacts many areas of accounting, such as acquisitions, disposals, consolidations, and goodwill. This ASU affects all reporting organizations that must determine whether they have acquired or sold […]
Tips for passing the CPA Exam
The creator of CPA Exam Guide, Bryan Kesler, CPA, shares his tips for passing the CPA exam.
A year in review: What to watch for as you prep for the CPA Exam
It was a big year in 2016 for the CPA Exam! The FASB issued several ASUs, some of which will be tested beginning this January, the testing window for 2017 was extended, and the AICPA announced that the exam will change on April 1, 2017. We understand that keep track of these changes can be […]
How to conquer the CPA Exam by studying less
The importance of time hasn’t been understated in history. Everyone from Einstein to Hemingway has expounded the significance of each second, but we seem to waste it constantly. That’s why I’m going to explain how you can stop wasting your CPA Exam study time – by studying less. Sure, you can spend 250 hours studying […]
CPA Exam tip of the month: What to expect at the Prometric Testing Center
In this issue, discover what to expect when you arrive at the Prometric Testing Center for the CPA Exam, so that nothing catches you by surprise on your testing date. What to expect when you arrive at Prometric: Sitting for the CPA Exam is a unique experience, especially when it comes to Prometric. There are […]
Surgent CPA Review receives No. 1 ranking on CPA Exam Hub
DEVON, PA (PRWEB) – Surgent CPA Review, a comprehensive CPA Exam prep program that guarantees participants will pass the CPA Exam the first time, received a #1 ranking from CPA Exam Hub, a CPA Exam comparison site. Surgent ranked higher than the other 21 programs evaluated in all but 2 ranking factors, receiving a No. […]
ASU 2016-18 Statement of Cash Flows will be CPA Exam testable January 2018
On November 17, 2016, the FASB issued Accounting Standards Update No. 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash.