The Financial Accounting Standards Board (FASB) has issued Accounting Standards Update (ASU) 2015-17, Income Taxes (Topic 740). This will be testable on the CPA Exam beginning in January 2017.
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CPA Exam policy on new pronouncements
The AICPA’s Board of Examiners (BOE) recently concluded that the existing Policy on New Pronouncements was no longer aligned with the needs of the CPA Exam. Learn how this conclusion directly impacts the exam.
FASB votes to move forward with final standard on leases
The FASB voted to proceed with an accounting standard that requires companies to include lease obligations on their balance sheets. The next step is a "ballot draft."
Report: 2015 audit considerations released by Center for Audit Quality
The Journal of Accountancy (JOA) has reported that the Center for Audit Quality recently released risk alert Select Auditing Considerations for the 2015 Audit Cycle.
ASU No. 2015-16 Business Combination Simplification testable on CPA Exam in April 2016
FASB issued ASU No. 2015-16, Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments in September.
Accounting students should make time to join State Society
Here are a few reasons you should seriously consider becoming a student member of your state's society of CPAs. We promise - you have time for it!
What Is Adaptive Learning?
Adaptive learning is a method of learning that focuses on past successes, using those successes as a basis to develop future strategies for success.
FASB issues new pronouncement Simplifying the Measurement of Inventory
The FASB issued ASU No. 2015-11, Inventory (Topic 330), Simplifying the Measurement of Inventory, in July as part of its Simplification Initiative.
Study: Accounting leads most profitable industries
According to a new ranking, accounting, tax preparation, bookkeeping and payroll services are collectively the most profitable industry in the nation.