The Financial Accounting Standards Board (FASB) has issued Accounting Standards Update No. 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities. The provisions of the new ASU are effective for fiscal years beginning after Dec. 15, 2018. The content becomes testable on the CPA Exam Jan. 1, 2019. ASU No. 2017-12 […]
Displaying: Continuing Education
FASB simplifies accounting for certain financial instruments
The FASB issued Accounting Standards Update No. 2017-11, which simplifies accounting for certain financial instruments and will be testable on the CPA Exam in April 2019. Taking FAR in Q2 2019 or later? You'll want to know this material!
Tips to stand up for yourself against bullying in the workplace
It’s time to put an end to the entire "Mean Girls" phenomenon that is still prevalent beyond high school – the kind that exists in the workplace. Read more for how to protect yourself and your coworkers from workplace bullying.
Why leadership is about coaching: 5 tips for new leaders
You'll need to demonstrate leadership skills to advance in your career, even if you're not currently a manager (leader). So how do you do so? You exercise some coaching! Here are 5 tips for coaching a team, and yourself, to victory.
Health check: 7 steps to manage stress for accounting professionals
At the end of the day, it is crucial to remember what made you choose your job or profession; what drew you in is satisfaction and enjoyment. While any job at any level can be stressful, the trick is to keep the stress at a manageable level. Here are 7 tips to manage stress.
Amendment to Topic 715, Compensation – Retirement Benefits, Testable on CPA Exam in January
Testing for FAR next January? ASU No. 2017-07, Compensation – Retirement Benefits (Topic 715), Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost, an amendment to Topic 715, will be testable on the exam.
New auditing rule requiring accounting firms to file Form AP testable April 1
PCAOB No. 2015-008, a new auditing rule designed to improve transparency regarding both the engagement partner and “other accounting firms” that may have taken part in the audit of issuers, will be testable this April 1.
Gains and losses from derecognition of nonfinancial assets testable January 2018
The FASB recently issued ASU No. 2017-05, Other Income—Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20): Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets. This content will become testable on the CPA exam in January 2018.
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).
