Monthly Archives: February 2018

Student_Studying_Simulations

Effective April 1, 2017, the AICPA updated the CPA exam to be a 50/50 split between Multiple Choice Questions and Task Based Simulations/Written Communication Tasks. This change has caused simulations (or sims for short) to become a larger portion of an exam candidate’s score. Consequently, doing well on the sims has become even more crucial […]

user-experience-changes

The AICPA strives to make the CPA Exam user experience as seamless and relevant as possible. Starting April 1, 2018, the exam will undergo a user experience update to closely mimic the accounting working environment and improve the candidate experience.   We’ve compiled a list of the biggest updates you’ll see on the exam, explain […]

Tax-Cut-Job-Act-Img

Each year, the CPA exam is updated to include relevant topics based on new legislation, updates to the Authoritative Literature by the AICPA, or other changes affecting the business environment. As a CPA exam candidate, knowledge of what these updates are and when they go into effect can be critical; they’re huge indicators of what […]

The Financial Accounting Standards Board (FASB) has issued Accounting Standards Update (ASU) 2018-01, Leases (Topic 842): Land Easement Practical Expedient for Transition to Topic 842, that clarifies the application of the new leases guidance to land easements. Lease amendments (ASU 2016-02 and 2018-01) are effective for public entities with annual periods beginning after December 15, […]