Professional Issues


The AICPA is forming four panels (one for each of the proposed CPA examination sections) to help set standards for passing the computer-based exam. Qualified CPA volunteers are needed for a series of two-day standard-setting sessions between December 11 and 19. Participants should have three to seven years’ experience in public accounting and must have supervised new CPAs within the past 12 months. To avoid conflicts, panelists may not be affiliated with any CPA exam preparation and/or review programs. Interested CPAs should e-mail their name, address and qualifications to cpaexam@aicpa.org . Further information is available at www.cpa-exam.org/lrc/reports.html . Panelists may be eligible for CPE credit.

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Implementing the new standard requires careful judgment. Learn how to make significant accounting judgments and document them and collaborate with peers for consistent application.

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How to Excel pivot a general ledger

The general ledger is a vast historical data archive of your company's financial activities, including revenue, expenses, adjustments, and account balances. J. Carlton Collins, CPA, shows how to prepare data for, and mine data with, PivotTables.

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News quiz: Taking an economic snapshot and looking to the future

Recent news included IRS actions that affect individuals and partnerships and a possibly influential move by a Big Four accounting firm.Take this short quiz to see how much you know about the news.