Tag: CPA

My CPA Exam Story: How an International Student Prepared for Success on the CPA Exam

The pursuit of U.S. CPA licensure can be complicated, especially if you’re an international student. Just ask Jason Peter. He was born and raised in Dubai, where he lived most of his life before moving to Canada and pursuing his CPA. His accounting journey started a bit rougher than most....


January 2020 CPA Exam Updates

In January 2020, the following new concepts will be testable on the CPA Exam: Regulation (REG) Updates Bankruptcy Code Updates (R8 Modules 1 and 2) On April 1 every third year after 1998, certain dollar amounts under the Bankruptcy Code are adjusted for inflation based on the Consumer...


Tax vs Audit: How to Choose a Career Path

In accounting, your career could go in many different directions, but most of your choices will fall under tax or audit. So which track is right for you? It really is all about the right fit – which one better accommodates your lifestyle and career goals? What’s going to make you happy?...


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...


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 Craft the Perfect Elevator Pitch for Meet the Firms

Meet the Firms is an accounting-specific career fair that features representatives from various accounting, finance and CPA review firms. Attending a Meet the Firms event can be a crucial step in advancing your future career. You will get the opportunity to network with accounting professionals,...


How to Create Your CPA Exam Study Routine

We recently asked our community of accountants how they balance full-time work, parenting and preparing for the CPA Exam. The top answer? Structure is key. Once you create a structured study routine, finding time to study and focusing on the material may not seem so difficult.   We can help...


Chicago CPA and NABA Member Shares Advice for Diverse Accounting Professionals

Chinedu “Chin” Iwuora has always been fascinated by money and how economies work. It’s no wonder he was immediately hooked on accounting after his first accounting class at Chowan University in North Carolina. “You can say I like the culture of business and accounting is the...


4 Tips to Balance CPA Preparation, Full Time Work and Parenting

Preparing for the CPA Exam is a special challenge, requiring a strong amount of dedication and hundreds of study hours. For working parents, it may feel nearly impossible to balance full time work, studying for the exam and parenting, but our community is here to help! Here are tips to assist...


Dynamic Ranges and the OFFSET FUNCTION

In our January and February 2019 newsletters we discussed the OFFSET function. Recall that the syntax of the OFFSET function is OFFSET(cell  reference, rows moved, columns moved,height,width). As we explained in our last two articles, we begin in the cell reference and based on the rows...


Will Private Company GAAP Alternatives Soon Be Made Available to Nonprofits?

The Financial Accounting Standards Board (FASB) has proposed that two GAAP alternatives currently available only to nonpublic business entities also be made available to nonprofit organizations.   The accounting alternatives were originally codified into GAAP through ASU 2014-02 and ASU...


IRS Issues Form for Base Erosion and Anti-Abuse Tax

The Tax Cuts and Jobs Act added a new provision to the Internal Revenue Code called the “Base Erosion and Anti-abuse Tax” (BEAT). The IRS recently issued Form 8991, Tax on Base Erosion Payments of Taxpayers with Substantial Gross Receipts, which taxpayers will use to report their tax liability...


Future CPA Kristen Cournane Shares Her Top 3 CPA Study Tips

One of the most difficult aspects of studying for the CPA Exam is finding which methods work best for you individually. One size doesn’t fit all and everyone’s learning style is different! Thankfully, it’s possible to learn a few things from candidates who have already taken the exam. ...


My CPA Exam Success Story: From Opera Singer to Certified Public Accountant

Angela Zullinger has trained as a professional musician since the age of 15, working as a freelance opera singer, pianist and music teacher. After starting a family, Angela reconsidered her work in the music industry and transitioned her efforts to accounting, starting with an online master’s...


Accounting for Leasehold Improvements and Lease Incentives Under New Rules

Lease incentives are any payment made to, or on behalf of, a lessee to fund items that would otherwise be a lessee’s expense. This includes reimbursement for moving expenses or assumption of a lessee’s pre-existing lease.   Lease incentives reduce lease payments used for lease...


IRS Publishes GILTI Tax Forms

The IRS has published both of the forms U.S. shareholders need to compute amounts tied to global intangible low-taxed income (GILTI). The GILTI provisions were enacted as part of the Tax Cuts and Jobs Act (TCJA) and apply to all U.S. persons that own at least 10 percent of a foreign corporation. ...


The Real Cost of the CPA Exam

What does it really cost to take the CPA Exam? The answer: it depends on where you live. CPA licensure is conducted at the state level, which gives each state the ability to decide the fees associated with taking the CPA Exam. There is no single, definitive amount that each candidate pays...


How Do International Students Apply For The CPA Exam?

The Certified Public Accounting (CPA) designation is one of the most in-demand accounting designations in the U.S., according to the 2018 Robert Half Salary Guide. As an international student, you may be eligible to become a licensed U.S. CPA under certain Board of Accountancy requirements. The...


The Best Side Hustles for Accountants

According to data gathered by PayScale and GlassDoor, the average salary for a CPA in the United States is anywhere between $64,000 and $67,000 a year. All things considered, this is a comfortable and livable income for many individuals, but there’s definitely room for improvement. Many...