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AICPA News – Nov. 2023

CPA Practice

AICPA News is a round-up of recent announcements from the American Institute of Certified Public Accountants. The program allows UMCS students to kickstart their careers by developing their accounting, finance, and business skills and earning prestigious professional qualifications alongside their university studies.

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Hear Me Out, Extend the CPA Exam Window to 24 Months

Going Concern

It has now been more than a decade since the AICPA observed — and worried about — a growing gap in the number of accounting graduates and the number of those graduates who pursue the CPA exam. For the last three years, however, we’ve basically had a level number of people taking the CPA exam. That’s a great thing.

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Effectively Leveraging Accounting for Financial Planning Strategy

CPA Practice

Most small businesses lack the capacity for a financial planning and analysis (FP&A) function, but that doesn’t mean they can’t build analytical and strategic value from their accounting resources. Often, an accountant or controller dedicates a portion of their time to budgeting and modeling – at best.

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This Accountant Shortage Nonsense Reeks of Deja Vu

Going Concern

Prior to 2007 I had little idea the accounting profession existed. That was the year I started working in CPA review, Going Concern was founded two years later. This cross-disciplinary knowledge covers accountancy, business law, corporate finance, human resources, information technology, marketing/sales, and operations.

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