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    Time is Major Deterrent for Youth in Becoming CPAs, says Illinois CPA Society Report

    Posted: May 17, 2024
    The Illinois CPA Society (ICPAS) released its 2024 Insight Special Feature, “Re-Decoding the Decline: An Updated CPA Pipeline Report.” Among all respondents surveyed, “time” emerged as the top-ranked challenge — or deterrent — to becoming a CPA.
  • Accounting Educators Put Renewed Spotlight on CPA Pipeline

    Posted: May 10, 2024
    At an NJCPA Accounting Educators Workshop on May 3, several of New Jersey's top accounting professors came together with accounting practitioners and the New Jersey Business & Industry Association to discuss what’s needed to entice more students to enter the accounting profession.
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    New Guidance on Measuring Credit Losses on Financial Instruments

    Posted: May 7, 2024
    Non-public businesses with fiscal year ends beginning after Dec. 15, 2022, (or interim periods during 2023) should begin preparing for the adoption of Financial Accounting Standards Board ASC Topic 326 by developing policies and procedures. CPAs need to stay up on what has changed in the current expected credit loss (CECL) model and what is new such as forecasts.

MVC News - Title Date Summary

  • Time is Major Deterrent for Youth in Becoming CPAs, says Illinois CPA Society Report

    Posted: May 17, 2024
    The Illinois CPA Society (ICPAS) released its 2024 Insight Special Feature, “Re-Decoding the Decline: An Updated CPA Pipeline Report.” Among all respondents surveyed, “time” emerged as the top-ranked challenge — or deterrent — to becoming a CPA.
  • Accounting Educators Put Renewed Spotlight on CPA Pipeline

    Posted: May 10, 2024
    At an NJCPA Accounting Educators Workshop on May 3, several of New Jersey's top accounting professors came together with accounting practitioners and the New Jersey Business & Industry Association to discuss what’s needed to entice more students to enter the accounting profession.
  • New Guidance on Measuring Credit Losses on Financial Instruments

    Posted: May 7, 2024
    Non-public businesses with fiscal year ends beginning after Dec. 15, 2022, (or interim periods during 2023) should begin preparing for the adoption of Financial Accounting Standards Board ASC Topic 326 by developing policies and procedures. CPAs need to stay up on what has changed in the current expected credit loss (CECL) model and what is new such as forecasts.