Accounting


For news from the AICPA and state societies, visit www.cpaweb.org , which also offers online CPE, AICPA professional literature, practice management aids and links to state society Web sites.
FASB reaffirms its restrictions on how banks can qualify for sale accounting treatment and issues a series of related questions and answers ( accounting.rutgers.edu/raw/fasb/project/125summary.html ).

A new study says FASB’s imminent ban on pooling will make solid balance sheets and abundant cash flows—not high PE ratios—the most powerful bargaining tools in mergers and acquisitions ( www.ml.com/about/press_release/pdf/accounting_overview.pdf ).

PODCAST

What’s next for potential CPA licensure changes

A new model proposed by NASBA and the AICPA is designed with an eye on the future for newly licensed CPAs. The AICPA's Carl Mayes, CPA, provides background on the project and a look ahead to 2020.

VIDEO

What RPA is and how it works

Robotic process automation is like an Excel macro that can work on multiple applications, says Danielle Supkis Cheek, CPA. RPA can complete routine, repetitive tasks such as data entry, freeing up employee time from lower-level chores.