On November 17, 2016, the FASB issued Accounting Standards Update No. 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash.
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Surgent CPA Review announces new college scholarship program
Surgent CPA Review, a premier provider of cpa preparation courses, recently announced the launch of their newest scholarship program.
FASB releases Standards Update on Income Taxes testable on CPA Exam July 2018
The FASB issued Accounting Standards Update No. 2016-16, Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory. This will be eligible for testing on the CPA exam in July 2018.
Stricter inspections coming to Prometric Testing Centers in U.S.
Starting on October 15, 2016, Prometric will be conducting much stricter inspections at testing centers in the U.S.
Next CPA Exam sample test now available
The AICPA has released a new sample test for the next version of the CPA Exam, which launches April 1, 2017.
ARSC issues Compilation of Pro Forma Financial Information testable on CPA Exam in 2017
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.
Discounted AICPA membership for CPA Exam candidates
The AICPA is offering a membership discount to CPA exam candidates. The 60% discount is valid for all new members for the first year of membership.
FASB announces ASU 2016-14 – NFP Standards will be testable January 2018
The FASB issued Accounting Standard Update 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities. The update was designed to improve existing standards, and is eligible to be tested on the CPA Exam in January 2018.
FASB releases Standards Update on Statement of Cash Flows
On August 26, 2016, the FASB issued Accounting Standard Update 2016-15, Statement of Cash Flows (Topic 230).
FASB releases Standards Update on Financial Instrument Credit Losses, testable January 2020
The Financial Accounting Standards Board (FASB) issued a Standards Update on Financial Instrument Credit Losses. This update will be testable on the CPA Exam beginning in January 2020.