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.
Displaying: Recent Posts
What’s In Store For The 2016 Tax Season? Get The Scoop
What’s in store for the 2016 tax season? While we don’t have a crystal ball that sees into the future, we have been following IRS updates, tax industry news, and other sources that can paint a pretty good picture of what tax professionals will face this tax season. Here are some things to expect. The […]
Exploring the wage gap and retirement
Women should probably start sooner and save more for retirement than men, given that the average woman is expected to live five years longer than the average man.
5 New Year’s Resolutions To Make Your Tax Season The Best One Yet
It’s almost that time… No not the new year, tax time! Hopefully you’ve all had a restful, relaxing holiday season and are ready for the start of the tax season. Don’t leave your New Year’s resolutions to personal growth, make some for professional growth as well! Here are some resolutions (more like action items) to […]
An Easy, Low-Cost Fast-Track to Entrepreneurship
Are you a people person? Do you aim to please? Do you find that you excel at customer service? If you answered yes to any of those questions, then you’re qualified to become a tax preparer. Tax preparation isn’t all about numbers – it’s about helping people during tax time. As a tax preparer, you […]
3 CPA Exam study strategies for busy season
If you are someone planning to study for the CPA exam during busy season, then this article is for you. The creator of CPA Exam Guide, Bryan Kesler, CPA, shares his tips for how to find time to study during busy season.
Content integration on CPA Exam
AICPA Board of Examiners has identified the need to test higher-order skills like critical thinking, problem solving, analytical ability, and professional skepticism.
Student testimonials about Surgent CPA Review
Watch these video testimonials to learn how thousands have successfully passed the CPA Exam with Surgent CPA Review.
Is Tax Education Deductible?
Tax season is right around the corner, and if you’re a tax student you’re likely wondering whether or not your education is going to be deductible. We get this question a lot so we thought we’d address it in a blog post! For students who attend a University, education credits or tuition and fees deductions […]
