CPAnet - Accounting Zone

Help the AICPA! New Passing Scores Evaluated Under CBT-e

via blog.rogercpareview.com

"In yet another huge announcement from the AICPA this morning, Roger CPA Review was told that panels are being formed in order to determine a new passing score for each section of the exam. This is in conjunction with the new CBT-e changes that are set to occur 01/01/2011. Before you start freaking out and signing up for all your exams at once, worrying that the passing rate will be pushed up to 100 points and you will have to get each and every question right - consider..."
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Source: Roger CPA Review Blog

How is disorganization and clutter affecting your job performance?

"If you showed up late to a meeting or missed a deadline, it would be obvious to you that disorganization and clutter were affecting your job performance. There are less obvious ways, however, that being disorganized can impact the quality and efficiency of your work. Take this quick quiz to see if it might be worth your time to become more organized..."
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Source: Unclutterer

Being a CPA Is So Cool - Preparing the Accounting Industry For Increased Popularity

"Being a CPA Is So Cool...

Although the Web site startheregoplaces.com was created to promote what a diverse and exciting group accountants are, the rising popularity of CPAs comes primarily from the growing financial anxiety on the minds of most Americans. An AICPA/Harris Interactive Survey shows that concerns about the economy that developed over several years reached a nearly universal level. Half of those employed are concerned about losing their job and two-thirds of adult Americans have reduced spending. In this worrisome economic environment, the public increasingly turns to accountants as a trusted source of financial information and referrals...."
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Source: CPA2Biz

When Is An Apostrophe Appropriate With the Abbreviation CPA? Inquiring Minds Want to Know!

"The most common grammatical error I have found in articles, announcements and emails these past eight years – the misuse of an apostrophe in the abbreviation CPA. So many people, CPAs and non-CPAs alike, love to put that little piece of punctuation before the “s” more than they should.

Now, I’m not saying an apostrophe is never used with the CPA abbreviation, but I think it may be time to set the record straight on when it should be used. Here are some examples to illustrate proper usage..."
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Source: GSCPA House of Blogs

Accountants and accounting firms helping Haiti disaster victims

via www.accountingweb.com

"Across the U.S., firms and individuals in the accounting profession are answering the urgent need for help for victims of the 7.0 magnitude earthquake disaster in the island republic of Haiti on January 12. The vast extent of the devastation in Port au Prince Haiti is becoming clearer with each day. Today new estimates of over 200,000 dead and 1.5 million homeless emphasize the grimness of the situation and the immediate need for help. In addition, a 6.1 magnitude aftershock this week, with more aftershocks possible in the next few days, means that even more devastation is possible.

Below is news, gathered from various sources on help being pledged or provided by numerous accounting firms, individuals, and organizations..."
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Source: AccountingWeb

Rewarding Talent Beyond Billable Hours

"Like many firms, Rochester, N.Y.-based Bonn, Shortsleeve & Ray LLP used to conduct annual reviews based on how many hours its accountants pounded out each year.

'I wasn’t getting the most out of my talented employees because I didn’t reward staff and recognize them for what they liked to do and are good at,' said partner Tim Shortsleeve, CPA.CITP. He also believes many partners at firms in general tend to rush through reviews because those aren’t billable, either and that the employees aren’t typically involved in the review process.

So he decided to change things and reward them based on their talents and individual goals instead..."
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Source: AICPA Career Insider

CPA Exam Event: Chat with Roger CPA Review Tues 1/19

CPA Exam Club is happy to announce its first scheduled CPA Exam Chat on Tuesday January 19th from 11am to 12pm PST.

Roger Philipp, CPA of Roger CPA Review will be taking your questions!!!

Are you struggling with a particular exam question, topic or section? Curious about the 2011 exam changes? Trying to figure out how to choose exam materials? Our exam chat is a great place to have your questions answered. Just leave your questions with as much detail as you would like at the event page and we will try to get through as many as we can in the hour.

If you would like to participate in the chat, make sure you RSVP. It will help us gauge who will be in attendance along with the ability to e-mail you any last minute instructions.

Read more about Roger Philipp and Roger CPA Review here

Don’t forget! You need to be a member of CPA Exam Club (free) to participate in Tuesday’s chat, so if you haven’t already joined, please do so now so you are all set for Tuesday’s chat.

The Chat link will be available via the CPA Exam Club home page about 15-20 minutes prior to chat time. Once chat is available, you will see a long bar at the bottom of the home page with a button to connect to Chat.

Questions? Contact CPAnet

Hope you all can make it!
CPAnet

Finance Poised for Comeback After Two Years of Job Losses (via @FINSider)

via www.fins.com

In the two years from November 2007 to November 2009, financial activities lost over 500,000 jobs, declining from 8.2 million to 7.7 million workers, a 6.7% drop, according to Labor Department statistics compiled by The Wall Street Journal.

AICPA Chairman Bob Harris: Emerging Trends Create New Opportunities - Video

New AICPA Chairman Robert Harris shares his vision for the next generation of leadership in the CPA profession.
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Source: AICPA

New FAQs examine IFRS for small, mid-size companies

"IFRS is hot again, and public companies aren’t the only ones getting in on the act.  Equally hot of late is IFRS for Small and Medium-Size Entities,a 230-page standard from the International Accounting Standards Board designed to meet the reporting needs of smaller businesses.  Released in July 2009, IFRS for SMEs is generating a lot of buzz lately and resurrecting the debate over whether there should be a separate set of reporting standards for private companies..."
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Source: MACPA CPA Success Blog | AICPA - IFRS