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Fordham University and Deloitte Offer Scholarships for Accounting

CPA Practice

We are very excited to bring the Deloitte Foundation Accounting Scholars Program to more colleges and universities this year to engage more diverse students in pursuing a career in accounting or tax.” . “We Uncategorised Accounting Accounting Degrees Scholarships

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This One Chart Shows Just How Boned the Accounting Profession Is

Going Concern

In it, questions are tossed out about how accounting education will change along with the ambitious CPA exam overhaul, with concerns raised about the graduates who will apply their pre-Evolution education to a post-Evolution exam.

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Partnership Between AICPA & CIMA and University of Oxford’s Saïd Business School Focuses on Sustainable Businesses

CPA Practice

A new partnership between the world’s most influential association for the accountancy profession and the world’s most prestigious university will equip finance professionals with the tools and knowledge to make businesses more sustainable.

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Southern Illinois University Wins 21st Annual Deloitte FanTAXtic National Case Study Competition

CPA Practice

Uncategorised Accounting Degrees Accounting Firms Scholarships

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MNCPA to Educators: “We Do Not Need New CPAs Who Have Additional College Credits; We Need More CPAs, Period.”

Going Concern

Minnesota Society of CPAs has sent a message to educators in the state regarding legislation that would introduce an alternative pathway to CPA licensure and the message to these stewards of the next generation of accountants is clear: no one is trying to eliminate MAcc programs.

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How to Read a Statement of Cash Flows

AccountingDepartment

You don't have to have an accounting degree to make wise business decisions. financial management cash flow management financial statements accounting trends quickbooks reporting cash flow statement

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How Much Should Public Accounting Starting Salaries Be to Make Public Accounting Starting Salaries Less Awful?

Going Concern

Let’s talk about starting salaries in public accounting. Let’s assume a student has an undergraduate accounting degree, a MAcc degree, and has passed all 4 sections of CPA exam. Accounting. — Title.

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Episode 068: A conversation with Allan Koltin

BuildYourFirm

For twenty consecutive years, Allan has been named by Accounting Today as one of the Top 100 Most Influential People in the accounting profession. In 2016 CPA Practice Advisor inducted Allan into the Accounting Hall of Fame. It now has to accounting and data analytics.

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KROST Sponsors the George Willie Ethnically Diverse Student Scholarship & Internship Program

KROST

This scholarship and internship program benefits ethnically diverse students pursuing an accounting degree. Congratulations to Amber Tabata on being selected as one of the ten winners of The George Willie Ethnically Diverse Student Scholarship & Internship Program.

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Top 5 tips for accounting firms to find qualified workers

Accounting Insight

Trouble finding qualified staff continues to be a top concern for accounting firms of all sizes, according to the AICPA’s 2023 Top Issues Survey. Offering a breadth of services can eventually lead to attracting a breadth of different kinds of accounting professionals.

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The Accounting Talent Shortage is Not New, You Guys

Going Concern

Although the accounting talent shortage seems like something that just popped out of nowhere and couldn’t possibly have been predicted, oh, a decade ago, I feel compelled to remind everyone that we here at Going Concern saw this coming.

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EY Reports a Rise in Naughty Behavior Now That People Have Returned to the Office

Going Concern

Venkatachalam received her accounting degree in India and had only been in Australia since November 2021.

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Texas Close to Allowing CPA Candidates to Test with 120 Credits

CPA Practice

Because CPA candidates must complete 150 semester credit hours of education—30 credits beyond the typical 120 credit hours earned in a four-year undergraduate degree— many CPAs end up spending five years in college instead of four.

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State CPA Society News & Updates

CPA Practice

Nevada: The Nevada Society of Certified Public Accountants (NVCPA) announced several upcoming events including the 2023 Annual Gaming Conference , which is scheduled to take place May 16 and 17, 2023.

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Experience Counts – A Flashback for Friday

RitaKeller

Something must have happened that week to cause me to share my feelings about the value of longevity, experience, and knowledge possessed by the accountants in your firm who have thirty or more years of experience. If they started their career after graduating with an accounting degree that would make them around fifty-two years of age. “At age 20, we worry about what others think of us. At age 40, we don’t care what they think of us.

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In 2019, Academic Researchers Tried to Answer the Question ‘Is Accounting a Miserable Job?’

Going Concern

Misery in accounting is timeless after all. The abstract: Popular culture portrays accounting as a miserable job. In this study, we empirically test the basic question: is accounting a miserable job? However, we find that accounting is not a miserable job.

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Let’s Start the Year Off With Some Doomsaying Predictions For the Profession in 2023

Going Concern

2022 was not exactly a banner year for accounting but if you don’t count the collapse of FTX, it wasn’t terrible for public perception either. The #accounting profession is in for a bumpy road in 2023: 1.

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KROST Sponsors AICPA’s PCPS George Willie Ethnically Diverse Student Scholarship & Internship Program

KROST

KROST CPAs and Consultants, the Los Angeles-based firm, has announced their co-sponsorship of the American Institute of Certified Public Accountants’ ( AICPA) Private Companies Practice Section (PCPS) George Willie Ethnically Diverse Student Scholarship & Internship Program.

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College Accounting Programs Are Taxpayer-Funded Training Programs for the Big 4 and Other Such Muckraking

Going Concern

These businesses have their financial advisory needs served by hundreds of thousands of small firm accountants and CPAs nationwide. Thus, small firms provide indispensable advisory services to small businesses that account for nearly all new job creation and ½ of GDP.

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Withum Introduces CEO-elect Pat Walsh to Succeed Bill Hagaman

Withum

Withum, a national top 25 accounting and advisory firm, announced today that Pat Walsh , Partner and Market Leader for Withum’s National Tax Services Practice, will succeed CEO and Managing Partner Bill Hagaman , after his term ends in 2023.

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Strengths

RitaKeller

You hire them because they have an accounting degree, they received good grades and they interviewed well. You teach and train them to perform the basic duties of an accountant working in public accounting. Some no-brainers in an accounting firm – Someone just has a knack for preparing corporate tax returns and another can quickly and accurately work their way throw a long list of individual tax returns.

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Tax Planning Software – Artificial Intelligence or Skill Saw?

CTP

Is it possible for this experienced tax planner of more than 20 years with an advanced degree and thousands of tax plans to complete a bathroom remodel in just a weekend with a Dremel tool? By Dominique Molina, CPA MST CTS. Question : How much time should I devote to studying tax planning?

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The Beef Between the AICPA and Minnesota Over the 150 Hour Rule Heats Up

Going Concern

What’s at risk: A legal review of the proposed changes has been conducted by the National Association of State Boards of Accountancy (NASBA). The Minnesota CPA may incur additional fees in Illinois to practice public accounting.

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Monday Morning Accounting News Brief: CPAs Are Overworked (Duh); EY’s New Toy; Metaverse Party! | 10.24.22

Going Concern

The accounting profession is incubating the next big tech boom. A few weeks back a reader wrote in to say we should review “Bean Counters: The Triumph of the Accountants and How They Broke Capitalism” by Richard Brooks. News Accounting News Roundup

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What Your Financial Reports Really Tell You

MazumaBusinessAccounting

It’s not the same as getting a five-year accounting degree, but it’s going to give you the knowledge to make smart business decisions. This is where the accounting rules come in. It may seem like income because money is coming into your account, but it isn’t.

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Friday Footnotes: Big 4 Pride; KPMG Gets Snubbed; EY Goes on a Poaching Spree | 6.3.22

Going Concern

Accountant Finds Out Client Has “Skeletons In The Closet”, Gets The IRS Involved And Makes Him Lose Everything [ Bored Panda ] It was posted on Reddit so obviously it must be true.

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The Accountant Shortage Makes One Office Get Really Desperate

Going Concern

Well that’s pretty much what’s happening in accounting right now. From the first KCCI story : The Iowa State Auditor’s Office is looking at college graduates with 2-year degrees to help fill open accounting positions.

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Friday Footnotes: The Metaverse’s First CPA Firm Gets Sued; CPA Exam Blueprints; Mad Mergers | 1.6.23

Going Concern

So customers have filed more than a half-dozen proposed class actions against the NFL’s Tom Brady, accounting firm Prager Metis and Bankman-Fried as an individual, among others. 2024 CPA Exam Blueprints released [ Journal of Accountancy ]. Wooooo it’s the first Footnotes of 2023!

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State of the Accounting Profession 2022 Via the AICPA Trends Report

Going Concern

Accounting enrollments. By 2014 however, the benevolent overlords at the AICPA noticed a troubling statistic: despite record enrollments, this abundance of accounting students did not appear to be pursuing the CPA exam as expected. A worsening accounting professor shortage.

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PSA: Do NOT Take a Pay Cut For the ‘Privilege’ of Working Remotely

Going Concern

Perhaps in other industries the tide may be turning and potential recruits will soon have to beg to be let in through the ATS gate of HR departments everywhere but we aren’t here to talk about other industries, we’re here to talk about accounting.

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Beyond tax season: creating revenue stability year-round

ThomsonReuters

Tax season is a critically busy time of the year for accountants, and we all know the stress that can come with such a high demand for services during that part of the year. Why revenue stability is important for small and mid-sized tax and accounting firms.

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Friday Footnotes: A CPA Grindset We Can Get Behind; The Klynveld Krypto Team; Firms Still Desperate (For People) | 6.24.22

Going Concern

FASB preps to revamp ‘outdated’ accounting for software [ CFO Dive ] “The models are outdated,” FASB member Gary Buesser said at the meeting, lending his support to the project and commending the staff for its work. In response to the issuance of Staff Accounting Bulletin No.

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The Talent Pool Is Shrinking

RitaKeller

It seems that accounting students don’t see the value in devoting the time and energy to become a CPA. Is it worth it to become a CPA, in public accounting, when average partner compensation in $5 to $20M firms is half a million? Plus, flexible work arrangements make public accounting very attractive. Accounting, auditing, and tax preparation are the words most associated with the CPA credential, further narrowing the credential’s scope and attractiveness. “As

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Friday Footnotes: ‘KPMG Did Not Know What They Were Doing’; Are You Boring?; PCAOB Warns About Confirmations | 3.25.22

Going Concern

These are the 5 most ‘boring’ — and exciting — jobs in the world, according to a recent study [ CNBC ] You’ll be happy to hear accounting made #2 on the most boring list. ” Climate Plan Puts SEC in Rare Role as Accounting Rule-Writer [ Bloomberg Tax ] The U.S.

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Uncle Sam Wants YOU to Be His Accountant

Angry Accountants

He already has like a billion accountants working for him. Those who performed well in school were sometimes paid $35,752, while new hires with a master's degree or two years of professional experience usually began at $43,731. Treasury accounts.

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