In Brief CPAs are often called “the trusted professionals,” but what this means is often open to interpretation. Do international and domestic accounting students share…
ICYMI | The Impact of Disruptive Technologies on Accounting and Auditing Education
How Should the Profession Adapt?
In Brief The rapid pace of technological change continues to disrupt traditional procedures in all spheres, including the accounting profession. The authors examine the potential…
In February 2016, FASB issued Accounting Standards Update (ASU) 2016-02, Leases (Topic 842). Topic 842 will supersede the existing lease guidance (Topic 840), which has been in…
Quarterly U.S. GDP Growth Providing a counterpoint to the ISM data, second-quarter U.S. GDP was revised up from 4.1% to 4.2%, which was slightly better…
I read the May 2018 CPA Journal article, “Untangling the Inherited IRA Rules” by Richard L. Russell Jr., Richard L. Russell, and Kristina Kesselring (http://bit.ly/2NeUw1F). One…
Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is…
SEC Chief Accountant Wesley Bricker addressed the importance of objective financial reporting and the role of accountants and auditors in his speech before the Baruch…
With so many baby boomer CPA firm owners looking to retire without a proper succession plan in place, the market for CPA firms has become…
The winners of the 2017 Max Block Distinguished Article Awards were honored during The CPA Journal Editorial Review Board meeting on August 14, 2017. This award recognizes…
Considerations for Using Buy-Sell Agreements
The Advantages for Owners, Accountants, and Financial Advisors
The Small Business Administration reports that there are nearly 30 million privately held businesses in the United States, of which nearly 6 million have multiple…
New Jersey’s 2019 State Budget
Significant Tax Changes and an Amnesty Program
On July 1, New Jersey Governor Phil Murphy (D) signed the state's fiscal year 2019 budget after long negotiations with the legislature. Below is a…
Because of the Tax Cuts and Jobs Act (TCJA), more individuals—90% of taxpayers, by some estimates—will decide to prepare their own tax returns. With the…
If someone had asked me straight out of college if I ever expected to have my own practice, I would have said, “No way.” I…
In January 2017, FASB issued Accounting Standards Update (ASU) 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment, which eliminated the calculation of implied…
On May 31, 2018, Connecticut Governor Dan Malloy signed Public Act 18-49, which established a new tax on pass-through entities (PE) doing business in Connecticut…
The Value of Certification and Professional Experience
Perceptions of Accounting Faculty and Business School Deans
In Brief Undergraduate accounting programs have a mandate to prepare students to successfully sit for the CPA exam, yet relatively few faculty members within those…
My initiation to the accounting profession came in 1951, when I was first old enough to get working papers. In my time off from school,…
In February 2016, FASB issued Accounting Standards Update (ASU) 2016-02, Leases (Topic 842). Topic 842 will supersede the existing lease guidance (Topic 840), which has been in…
On November 2, 2015, Congress enacted the Bipartisan Budget Act of 2015 (BBA), which contained sweeping changes to the Internal Revenue Code's (IRC) partnership audit,…
Student Perceptions of What It Means to Be a Professional
A Survey of Domestic and International Accounting Majors
In Brief CPAs are often called “the trusted professionals,” but what this means is often open to interpretation. Do international and domestic accounting students share…
One common challenge facing educators is determining how best to involve and actively engage students so they will do the work necessary to be successful…
The Impact of Disruptive Technologies on Accounting and Auditing Education
How Should the Profession Adapt?
In Brief The rapid pace of technological change continues to disrupt traditional procedures in all spheres, including the accounting profession. The authors examine the potential…
Nontraditional College Students
Strategies for Minimizing Tax Liabilities and Avoiding Pitfalls
Traditional college students generally matriculate directly after high school, live on campus, attend college full time, and rely on their parents to finance their college…
There are many ways CPAs can make a difference on a college campus, including speaking to a class or student organization, serving as a judge…