Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is…
Treasury Yield Curve The yield curve has inverted; that is, short-term interest rates are now higher than longer-term rates. This phenomenon can indicate the potential…
Accountants belong to a fulfilling and challenging profession, with tremendous opportunities for employment and growth. CPAs are in demand for all types of organizations, and…
Bill Burr, the author of the National Institute of Standards and Technology (NIST) password standards in 2003 (NIST SP 800-63), conceded in an interview with The…
Making the Transition to the Nonprofit Sector
An Insider’s Perspective
Countless articles have been written about undertaking the transition from the for-profit sector to the nonprofit sector, but few have focused on the accounting profession.…
The winners of the 2018 Max Block Distinguished Article Awards were honored during The CPA Journal Editorial Review Board meeting on August 5, 2019. This award…
Management accounting, like many fields, is being disrupted by new technologies, including big data, predictive analytics, artificial intelligence, blockchain, machine learning, and robotics process automation.…
As the new school year begins, it's time for the profession to examine how future CPAs are educated in the United States. It's no secret…
Making Social Security decisions is relatively simple for seniors filing single tax returns. Assuming modest or no earned income, retirement benefits can begin as early…
Selecting Modified Retrospective Transition for Adopting ASC 606 and Related Standards
Minimum Disclosure Requirements and Management Options
The deadline for private companies to adopt Accounting Standards Codification (ASC) Topic 606, “Revenue from Contracts with Customers,” is fast approaching. This article contains a…
Disruptive new technologies and the growing pressure at many companies to reimagine the tax function are requiring tax and audit professionals to expand their skills…
On any given day, the accounting positions on HigherEdJobs.com are usually in the highest tier of full-time faculty positions available for any business or nonbusiness…
Since the United States Supreme Court's decision in South Dakota v. Wayfair, 585 U.S. ___ (2018), on June 21, 2018, state governments have been rapidly rewriting…
In Brief Accounting educators have used ethical decision-making models to teach ethics to accounting students for many years. The traditional models rely on prescriptive reasoning…
Does the future look bright for accounting majors? In its 2017 report of accounting enrollment and hiring trends in the public accounting sector, the AICPA's…
As the role of CPAs continues to expand, adapting and revising accounting curricula to meet emerging complexities becomes increasingly difficult. One such emerging area is…
Growing Tax Experiential Learning Opportunities for Students
Connecting Accounting Practice, Academia, and the Community
Three consistent themes emerge from the AICPA's 2015 Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits. First, the gap between…
On June 26, Connecticut Governor Ned Lamont signed the biennial state budget for the 2020 and 2021 fiscal years; on July 8, he also signed…
Angelica Valeros, University of New Orleans
Future Professionals, in Their Own Words
Why did you go into accounting? I discovered my love for the profession at a personal injury law firm in the accounting department a few…
Richard Pallarino, College of Staten Island
Future Professionals, in Their Own Words
Why did you go into accounting? For as long as I can remember, I have always wanted to be an accountant. When I was younger,…
Developing a Student Community of Learning
Expanding Knowledge Using the Technical Committee Model
It is no secret that the accounting profession is experiencing changes, among them a newfound need to understand and use data analytics. Recognizing this reality,…
CPA Exam Performance
The Effect of Graduate Education and Accounting Faculty Credentials
*** In Brief The debate over how well the accounting curriculum in the United States serves the needs of both students and practitioners continues unabated.…
The Death Knell for SALT Cap Workarounds?
Treasury’s Final Regulations Uphold the $10,000 Cap
The itemized deduction for state and local taxes (SALT) under Internal Revenue Code (IRC) section 164 had long provided relief to taxpayers residing in high…
Kurtland Lloyd Sullivan, Nicolais School of Business, Wagner College
Future Professionals, in Their Own Words
Why did you go into accounting? When I started at Wagner College, I knew that I wanted to attend law school. Law school does not…
Jeanette Lew, St. John’s University
Future Professionals, in Their Own Words
Why did you go into accounting? My original plan was to pursue a career in finance, before I realized that accounting was more what I…
CPA Licensing and Unintended Consequences
Publisher’s Column
Professional licensing has always been what makes a CPA a CPA. Those three simple letters stand for years of dedicated study, rigorous testing, extensive experience,…
Nicole Agu, College of Staten Island
Future Professionals, in Their Own Words
Why did you go into accounting? From a very young age, I admired the financial aspect of business, especially when my father would come home…
Carmen Nuesi Peralta, Baruch College
Future Professionals, in Their Own Words
Why did you go into accounting? Accounting for me is the definition of hard work and dedication. My accounting journey began in 2011 when I…
Fotis Christoforou, Baruch College
Future Professionals, in Their Own Words
Why did you go into accounting? I chose accounting due to the financial difficulties my family and I underwent growing up that could have been…
Future Professionals, in Their Own Words
A Virtual Roundtable of Accounting Students
In Brief Many CPAs have questions about the upcoming generation of accountants: What do they think about the profession? What do they want from an…