Category Archives: CPA Exam Changes

FASB Update Topic 470: Debt on Classified Balance Sheets

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 […]

To help CPA candidates get a better feel for the CPA Exam, the AICPA has free practice exams simulating the real exam. There is one sample test for every exam section. Auditing and Attestation (AUD), Financial Accounting and Report (FAR), and Regulation (REG) have five testlets with 10 multiple-choice questions and six task-based simulations. Business […]

AICPA Announces CPA Exam Introductory Screens Update

By Elizabeth Kolar, MBA, CPA, CGMA

BREAKING NEWS:  The AICPA announces that beginning July 1st, 2019, there will be two updates to the CPA Exam’s introductory screens. Both live and practice exams will be updated.   The first change affects the Policy Statement/Confidentiality screen and the Section Information screens, which will be consolidated into one. As before, candidates will have 5 […]

How Data Analytics Affect the CPA Exam

By Megan Bierwirth

data analytics cpa exam

Sherlock Holmes once said, “Data, data, data! I can’t make bricks without clay!” This quote alludes to the fact that decision making can’t be accurate if the correct data isn’t presented, an idea that the business environment is increasingly concerned about. As technology has advanced, so has our access to data. But data can be […]

Everything You Need to Know about the 2019 REG Changes

By Susan Cox, M.Acc., CPA

2019-reg-changes

In 2019, the biggest changes candidates will see on the CPA Exam will be on the Regulation (REG) section. Keep reading to learn more about where these REG changes came from, when the new tax law will be tested, what we recommend to candidates, and a list of exactly what those changes entail. The Tax […]

10 Best CPA Exam Blog Posts of 2018

By Meagan Boonie

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2018 has been a busy year for CPA Exam candidates! From major exam changes effecting the user experience, to the passing of the Tax Cuts and Jobs Act, we’ve been here to guide exam candidates through every twist and turn, and navigate their way to CPA Exam success. To that end, we’ve compiled our best […]

Here at Surgent CPA Review, we’ve updated our software in response to the 2018 CPA Exam changes, specifically their new user experience updates, giving our students the ability to fully prepare by studying with the new format. The user experience updates will be going into effect on April 1st, 2018. With some knowledge and preparation, […]

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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 […]

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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 […]

FASB Releases ASU 2018-01 on Land Easements

By Susan Cox, M.Acc., CPA

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, […]