On August 26, 2016, the FASB issued Accounting Standard Update 2016-15, Statement of Cash Flows (Topic 230).
Displaying: Industry News
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.
2017 CPA Exam structure finalized
Effective April 1, 2017, the exam structure by section was changed. Read more to find out how exam section - AUD, BEC, FAR and REG, was affected by these changes.
What’s the new CPA Exam break in 2017?
One of the new features of the new CPA Exam arriving April 2017 is an opportunity for CPA Exam candidates to take a break during their test. Read more about this new optional break.
FASB issues update on Contract Performance Obligations and Licensing Testable January 2018
On April 14, 2016, the Financial Accounting Standards Board (FASB) released Accounting Standards Update No. 2016-10, Revenue from Contracts with Customers Topic 606.
ASB issues Clarification and Recodification of Attestation Standards for 2017
The Auditing Standards Board (ASB) issued Statement on Standards for Attestation Engagements (SSAE) No. 18, Attestation Standards: Clarification and Recodification.
AICPA announces final changes to the 2017 CPA Exam
The next version will launch April 1, 2017. Each section of the test will now be four hours in length, for a total testing time of 16 hours. Get the latest CPA Review info.
ASU 2016-08 Revenue updates
On March 17, 2016, the FASB (Financial Accounting Standards Board) issued Accounting Standards Update No. 2016-08, Revenue from Contracts with Customers (Topic 606).
What CPA candidates should expect at Prometric Testing Center
Knowing and understanding the process at the testing center may not remove the exam jitters but it will help to reduce the stress level a bit.
FASB releases New Lease Accounting Standard ASU No. 2016-02, Leases
The FASB (Financial Accounting Standards Board) issued Accounting Standards Update No. 2016-02, Leases (Topic 842).