The AICPA and the London-based Chartered Institute of Management Accountants (CIMA) are proposing forming a joint venture to develop and promote a new global management accounting designation. The joint venture is designed to give management accounting a higher profile in the United States, advance the science of management accounting worldwide,
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Professional development
CPA Exam Slated for International Debut in August
The Uniform CPA Examination will be offered internationally for the first time during August in Japan, Bahrain, Kuwait, Lebanon and the United Arab Emirates. It will thereafter be administered every third month—in November, February, May and August. Registration for the international exam will begin on May 1, and applications may
Corporate Finance Salary Outlook
In corporate finance these days it pays to specialize. A look at anticipated starting salaries for 2011 shows positions that are more niche than generalist in flavor are likely to see the biggest pay gains compared with 2010. “The more specialized you are, the more desirable you are,” said Carol
Two AICPA Scholarships Awarded
The Institute announced the winners of two scholarships—the AICPA/Accountemps Student Scholarship and the John L. Carey Scholarship. The AICPA/Accountemps Student Scholarship is awarded to accounting students with a minimum 3.0 grade-point average who demonstrate leadership, academic excellence and future career interests in accounting and business. The AICPA administers the program,
Are You Linked In?
While LinkedIn provides benefits particularly helpful for accountants, it is important to review all that a free, basic LinkedIn account offers. From profile creation to making connections and recommendations, LinkedIn tools can benefit users in any profession. CREATING AN ACCOUNTGetting started with LinkedIn begins with visiting linkedin.com to create a
Institute Launches New Career Website for Future CPAs
The Institute launched a new website, This Way To CPA, devoted to the needs of college students interested in becoming CPAs and graduates preparing for the CPA examination. The site, www.thiswaytocpa.com, provides career insights, career planning resources, studying strategies and social networking opportunities. It follows the AICPA’s Start Here, Go
LinkedIn Tips for CPAs
Say you run a small accounting practice but are not a marketing expert. What can you do to build your business that’s easy, quick and inexpensive? The answer is LinkedIn. The LinkedIn platform is designed specifically for business use. It is the social media of choice for more than 90
Make Your Mark With Your Social Media Status
Blogging and social networking truly remind your clients and colleagues of why, when and how to recommend or refer you. Here are some tips on how to put social media status updates and other low-maintenance missives to work for you: —By Vikram Rajan (vik@phoneblogger.net), the founder of phoneBlogger.net and author
Young CPAs Learn From Leaders in the Profession
CPAs under the age of 36 gathered for the second annual AICPA Leadership Academy. The young CPAs spent three days in workshops and discussions with leaders in the profession. Following graduation from the academy, participants received either an appointment to an AICPA volunteer committee or a state CPA society committee
How to Be a Better Mentor
A mentor’s job is to foster one-to-one relationships that challenge people to rise to higher levels of competence and responsibility. This article discusses three key characteristics of an effective mentor: 1. An effective mentor asks challenging questions that help people expand their scope of responsibilities. 2. An effective mentor is
New Pathways to Accounting Excellence
This month, the Pathways Commission, a new commission on accounting higher education, will hold its first formal meeting to begin charting “a national higher education strategy for the next generation of accountants.” This commission is a joint effort of the American Accounting Association (AAA) and the AICPA. The commission is
Make Training Grants Work for You
The U. S. job market remains hobbled as many employers delay hiring. But economically trying times offer opportunities to prepare for future growth. The AICPA has identified resources for training and assistance to help financial executives meet these challenges. Training must evolve from an agreement between the employer and a
AICPA Establishes PFP Conference Scholarship
The Institute has established the P. Thomas Austin Personal Financial Planning Division Scholarship in honor of the CPA who has chaired the Advanced Estate Planning Conference for three decades. The scholarship will cover the registration fee and travel expenses of a young CPA to attend the conference each year beginning
Developing Your Personal Brand Equity
Building a reputation in the accounting profession takes time, but is critical to success. Traditionally, partners built their reputation, or personal brand, by pushing information out to clients, prospects and friends. The timeworn mantra “it’s not what you know, but who you know” has been a fundamental building block for
Retaining Top Talent Still a Requirement for Firms
For years, finding and retaining staff were the top two concerns of management at public accounting firms. But when the economy soured, client retention quickly became the top issue for CPA firms of all sizes, according to the 2009 PCPS CPA Firm Top Issues Survey, a biennial survey of public
CPA Exam to Undergo an Evolution
The CPA exam is undergoing its largest overhaul since moving from paper and pencil to computers. Jan. 1, 2011, will mark the launch of what people behind the exam are calling CBT-e (Computer-Based Testing evolution). While news of these changes is obviously important for those who plan to take the
Test Your Knowledge of International Standards
More than 100 countries around the world, including all major U.S. trading partners, now use or have committed to adopting IFRS. Nearly as many use international auditing and assurance standards and international ethics standards developed by independent standard-setting boards under the International Federation of Accountants. To ensure that CPAs have
AICPA Extends Contract With CPA Exam Partners
The AICPA, the National Association of State Boards of Accountancy (NASBA) and Prometric have extended until 2024 their contract to jointly offer the CPA Examination in the U.S. The agreement represents a 10-year extension of the exam contract. Under the partnership, the AICPA is responsible for developing and scoring the
How to Get Experience in M&A-Related Disputes
Editor’s note: This is a sidebar to “The CPA’s Role in Quantifying Post-Acquisition Dispute Damages,” March 2010. Most CPAs with an accounting and auditing background have advised a client who has acquired or sold a business or business interest. Disputes may arise related to the M&A transaction as outlined
Breaking Into Business Valuation
An aging population, increased regulation and the move toward fair value reporting have led to increased demand for valuation services in recent years. As baby boomers approach retirement and start thinking about succession and estate planning, the first step is often valuing the family business. Changes to the tax code
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Build reusable Skills in Anthropic’s Claude AI
Instead of rewriting prompts each time, CPAs can turn routine tasks into reusable AI Skills. This Technology Q&A walks through how to build Claude Skills that process files, ask setup questions, and export clean Excel outputs.
From The Tax Adviser
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Current developments in taxation of individuals: Part 2
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