Month: October 2019

My CPA Exam Story: How I Stayed Motivated

Lecture, notes, flashcards, MCQs, repeat. As you complete the seemingly endless cycle of preparing for the CPA Exam, you may experience feelings of exhaustion, frustration and even self-doubt. Remember: you can do this! Here’s the story of Kristen Cournane, a Becker student who overcame these...


Senate Approves Tax Treaties with Major Trading Partners

The Senate recently approved four tax treaties with U.S. trading partners. The tax protocols with Japan, Luxembourg, Spain and Switzerland update existing treaty provisions with these countries and contain important articles aimed at providing certainty to U.S. persons doing business abroad. ...


IRS Finalizes Section 199A Real Estate Safe Harbor

In September, the IRS issued Revenue Procedure 2019-38 which finalizes the section 199A real estate safe harbor. Although much of the proposed safe harbor is contained in the final version, there are some important differences. This article analyses the final safe harbor rules. Background:...


The Classification of Debt (Topic 740) Is Changing

In September 2019, FASB released a revised exposure draft related to a proposed accounting standard update for simplifying the classification of debt in a classified balance sheet. The new deadline for further comment is October 28, 2019. The FASB originally issued a proposed update back in 2017....


How to Use Waterfall Charts in Excel

In 2016 Excel added many new charts, including the Waterfall chart. Waterfall Charts are great for telling the story of how a quantity of interest (for example, cash position) changes over time. Waterfall charts also allow the finance professional to chart for a single point in time how a quantity...


Should I Prepare for the CPA Exam Alone Or With a Review Provider?

So, you’ve decided to start your CPA journey? You made a great choice! The next step is to determine whether you’ll prepare for the exam alone or with help from a CPA review provider. Here are key considerations that should be top of mind as you decide on your study plan. Save Time and...


What Should I Look for in CPA Exam Providers?

The CPA Exam is a challenge, but with the right preparation and planning, there is no doubt you can be successful. To help ensure your success, it’s vital that you choose the review course that best fits your learning style and personal preferences. There are a number of CPA Exam review...


Accountants: How to Grow Relationships through Emotional Intelligence

At the latest Beta Alpha Psi (BAP) annual meeting, Becker instructor Mike Brown presented the importance of emotional intelligence (EQ) in professional accounting. Emotional intelligence is the capacity for recognizing our own feelings and those of others, and managing emotions well in ourselves...