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.
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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.
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.
Watch: AccountingFly interviews Jack Surgent about Surgent and competition
Jeff Phillips from AccountingFly.com interviewed Jack Surgent and discussed the Surgent CPA Review course, what makes it stand out from the competition.
SAS No. 130, Audit of Internal Control Over Financial Reporting Update
As part of its Attestation Clarity Project, the Auditing Standards Board (ASB) has issued Statement on Auditing Standards (SAS) No. 130 - including several key changes.
CPA Exam 2017 and Bloom’s Taxonomy
What is the new, overhauled CPA exam going to look like in 2017? If you read the AICPA’s exposure draft, you’ll learn that the AICPA wants to follow what academicians follow: Bloom’s Taxonomy, which is a sort of “stair step” in the learning process.
ASU 2015-17 Income Taxes Update will be testable on CPA Exam in January 2017
The Financial Accounting Standards Board (FASB) has issued Accounting Standards Update (ASU) 2015-17, Income Taxes (Topic 740). This will be testable on the CPA Exam beginning in January 2017.
