Surgent CPA Review has summarized the Financial Accounting and Reporting standards that will become testable in Q2 2016.
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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.
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.
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.
AICPA announcs CPA Exam is changing earlier than expected
While the AICPA recently announced sweeping changes to the CPA Exam starting in 2017, they just announced that some of those changes could come in 2016!
FAR change alerts for Quarter 1 2016
Surgent CPA Review has summarized the Financial Accounting and Reporting standards that will become testable in quarter 1 of 2016.