After receiving comments from various stakeholders following an initial proposal in 2017, on September 13, the FASB rereleased proposed Accounting Standards Update, Debt (Topic 470): Simplifying the Classification of Debt in a Classified Balance Sheet (Current versus Noncurrent). The standard applies to all for-profit and not-for-profit companies that have outstanding debt and prepare a classified […]
Ask any accountant in any field which software they use on a daily basis, and the most common answer will be Microsoft Excel. The spreadsheet tool is perfect for anyone working in the finance and accounting fields due to its versatility and specific financial applications. At this point, it’s expected that you be proficient in […]
It’s one thing to fail a test when you haven’t invested your full effort. However, when you fully invest your time and effort, only to come up just a little bit short, it’s among the worst feelings in the world. Failing a section of the CPA Exam can feel like an overwhelmingly negative setback. At […]
Surgent CPA Review was recently ranked as the top CPA Exam review course on IPassTheCPAExam, one of the industry’s most comprehensive third-party review and resource sites for CPA Exam candidates. After taking an in-depth look into a variety of CPA Exam review course providers, Stephanie Ng, CPA Exam guide author and owner of IPassTheCPAExam, concluded: […]
One of the biggest concerns for organizations in today’s business environment is cybersecurity. Cybersecurity in its most basic form is the protection of electronic data from unauthorized or criminal access and use. As businesses capture more and more data, both internally in relation to the operations of the company and externally in relation to the […]
Coming into the first semester of college can be hard enough without having to research information about the CPA Exam. From balancing studying for classes with studying for the CPA Exam to diverse career paths within the field of accounting, we’ve put together a list of essential articles for accounting students to read on their […]
Prometric is continuing its investment in user experience. The company that provides testing centers for the Uniform CPA Examination announced a user interface pilot program refresh beginning in July 2019 with a complete refresh scheduled across all test centers by April 2020. Through upgraded operating systems, a new user interface pilot program, and a few […]
Certain buzzwords, such as blockchain, artificial intelligence, machine learning, and data analysis, have become increasingly common in the accounting profession as technology plays a bigger role in the day to day aspects of a business. While all of these buzzwords and their related concepts are important, none seems to be quite as important as data […]
On Wednesday, July 17th, the Financial Accounting Standards Board proposed delaying a few major accounting standards updates for private companies, nonprofits, and smaller reporting companies. The FASB’s reconsideration of the effective dates of these new accounting standards had to do mostly with the burden it would place on financial reporting at these entities and how […]
The accounting industry has undergone major changes in the last several decades due to the increase in reliance on information technology. From incorporating new IT into the workplace, to making sure it’s working properly, to protecting data, CPAs have their hands full as the industry evolves to meet the demand for growth and innovation. In […]
