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Apart from being the premier collegiate organization for finance and accounting students, Beta Alpha Psi is a great way to open doors and create opportunities for your career. Employers know Beta Alpha Psi members have taken the extra step to become career professionals and explore the industry. Below, we’ll discuss 6 reasons joining Beta Alpha […]

With so many CPA exam courses out there, it can be difficult to know which one is going to work best for you. Your study habits and learning style are unique, and finding a course that adapts to that individuality can seem impossible. However, Surgent’s CPA Exam Review course is here to break the mold […]

What are the CPA Exam Blueprints? The AICPA builds the CPA examination from the “specs” contained in a document called Blueprints. The CPA Exam Blueprints are updated and published once or twice a year, and the version used to build the 2019 exam was just released this month. There is a Blueprint for each exam […]

Despite the pop-culture portrayal of accountants, the available career paths for number crunchers are surprisingly diverse. Two of the biggest credentials in the industry are the Certified Public Accountant (CPA) credential and the Certified Management Accountant (CMA) credential. To give you a better idea of deciding between CMA vs CPA, let’s consider the differences between […]

Deciding to become a CPA is a huge step in your career; it’s a tough path that will mark you as an expert in your field (and the pay raise isn’t bad either). However, taking the CPA exam amid a full-time job can seem daunting at its best and completely overwhelming at its worst. Luckily, […]

Failing the CPA isn’t a great feeling, but with four separate sections, each with a pass rate around 50%, it’s likely candidates will have one failure under their belt before they pass. It can be intimidating to jump back into the game after you’ve failed the CPA exam, but with the right study plan we […]

With flexible scheduling, the ability to niche, and work that truly helps others, owning a small business advising practice is a great career path for accounting students. But building a business takes hard work, patience and persistence; it’s a path reserved for those who are willing to put in the time and make it their […]

Believe it or not, you’re in the midst of your second semester of your Senior year of college and will soon be making your entrance into the real world. This time can be particularly overwhelming for accounting students; between keeping up grades, looking for a job, and reconciling the fact that your time as an […]

ssars

SARS No. 22 – Compilation of Pro Forma Financial statement, which supersedes SSARS No. 14, is testable on the CPA Exam in July 2017. SSARS No. 22 takes effect for compilation reports on pro forma financial information dated on or after May 1, 2017.

The FASB issued Accounting Standards Update (ASU) 2016-01, Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities, affecting public and private companies, not-for-profit organizations, and employee benefit plans that hold financial assets or owe financial liabilities. The ASU will take effect for public companies for fiscal years beginning after Dec 2017, and will be testable on the CPA exam beginning in Jan 2018.