The next version will launch April 1, 2017. Each section of the test will now be four hours in length, for a total testing time of 16 hours. Get the latest CPA Review info.
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ASU 2016-08 Revenue updates
On March 17, 2016, the FASB (Financial Accounting Standards Board) issued Accounting Standards Update No. 2016-08, Revenue from Contracts with Customers (Topic 606).
First steps in CPA Exam application process
Congratulations on deciding to register for the CPA Exam! Here are the first steps in the CPA Exam application process.
What CPA candidates should expect at Prometric Testing Center
Knowing and understanding the process at the testing center may not remove the exam jitters but it will help to reduce the stress level a bit.
FASB releases New Lease Accounting Standard ASU No. 2016-02, Leases
The FASB (Financial Accounting Standards Board) issued Accounting Standards Update No. 2016-02, Leases (Topic 842).
Upcoming changes to FAR section of CPA Exam
Surgent CPA Review has summarized the Financial Accounting and Reporting standards that will become testable in Q2 2016.
Transitioning to new Revenue Recognition Standards
In a recent poll, many companies said they have not yet attempted to quantify the financial statement impact of the new revenue recognition standard.
New Lease Accounting Standard IFRS 16 testable on CPA Exam October 2019
On January 13, 2016, the International Accounting Standards Board (IASB) issued International Financial Reporting Standard (IFRS) 16, Leases. This will be testable on the CPA Exam beginning in October 2019.
FASB releases ASU 2016-01, Financial Instruments – Overall
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.